Current YTD Return: +$319
Obama today announced his view on the need for additional tax stimulus in the amount of $50 billion dollars. Pretty nice. I don’t mind getting another check for $200-$300. I personally want this to take place even though it’s ultimately coming out of our future tax returns. Anything to stimulate the economy at this point. Read the rest of this entry →
This past Friday June 6th was a huge day for the Wall St. As I said in the previous post, the Dow crashed by almost 400 pts which led to a decline of my portfolio by $800. Now, if this was me a year ago, I would have joined the crowd and sold all of my stocks out of fear. However, through my past experiences of panicking and selling the stocks out of fear, I’ve learned one valuable lesson: Read the rest of this entry →
Current YTD Return: +$458
The last year of my investing endeavor has been interesting. We’ve had the subprime crisis that killed my mutual funds, the oil crisis driven by speculations that led to a big downfall on my investments, and recently the record jump in unemployment rate since 1986 brought down the Dow Jones Industrial Avg by 394.64 points. Despite all this, I am still up slightly which I’m grateful for. However, if I had known what I knew back when I initially started investing, I’d be up a LOT more.
Here’s the brief synopsis of my last yr in investing:
For the detailed info on quotes, I suggest Morningstar.com
April 2007-Invested my first $10000
GYI-Gettys Images
EBAY-eBay
VDMIX-Vaguard Developed Markets Index Fund
OBCHX-Oberweis China Opportunities Fund
In the 3 mo period, I lost money on GYI(-$396), EBAY (-$20), VDMIX(-$250); Made money on OBCHX (+$200)
“Stock market SUCKS!” At this point, I took out all of my investments because I thought it was impossible to make money on the stock market and gave up on the ’street’…..BUT I came back stronger and more determined, with added force in my bankroll.
April 2008 through Now-Re-invested $18000
V-Visa (+$622)
MRK-Merck (+$130)
SOHU-Sohu.com(+$220)
YHOO-Yahoo.com(+$100)
TM-Toyota Motors(+$50)
C-Citigroup(-$100)
F-Ford Motors($-$130)
GM-General Motors($-200)
DRYS-Dryship($-100)
NAT-Nordic American Tanker Shipping(-$75)
Overall, I am positive $450. What? Only $450? I know…I was actually up $1200 until Friday June 6th when we had a whopping near 400 pts drop in Dow Jones. I took a $770 hit to the portfolio! Just imagine how much late night dinner I could have had or all the wardrobe upgrades I could have had. Yeah, life’s never that easy.
So, to start off my first official portfolio post here’s the current snapshot of my portfolio.
For the next few weeks, I’ll be posting more of my past learnings on stocks and investing in general.
Welcome to my first post on my investing blog. If you haven’t read the “About” page, you should do so first.
I know I’m galactic years behind the concept of blogging, but I figured it’s better late than never. I’ve been following the market everyday for the last two years, and MAN did I get my ass whooped by the market in the past whenever I thought I was smart enough to take over the financial world. WRONG. I was just a tiny ant being smashed by the institutional investors left and right. BUT, I am still alive and well.
So long story short, I decided to share my financial roller coater, my key learnings, and everything else in between starting now and you get to monitor my progress every step of the way. How fun.
