I am way behind on Trading Account updates. I actually haven’t made any trades in it, so in addition to being behind on updates I have also neglected it. I decided yesterday to close out my remaining two positions and begin paying closer attention to it.
The two positions I had were Bank of America (BAC) and Pfizer (PFE). I opened the positions in 201, BAC in August and PFE in April. Both of the positions were designed to be held longer-term with the focus on long-term appreciation. At the time, I believed both companies were undervalued. Of the big banks I thought BAC had the most room to run up. Over the 1.5 years since it was purchased it rose from $6.90 to $12.13.
Pfizer, in my opinion, was also undervalued. I thought the focus was too much on the negativity of losing patents on drugs. The company earns money and pays a good dividend. At the time, I had expected it to reach $25 within a year. Almost two years later it is at $28.26.
Below you can see the trades and the profit of each.
A little more than a year ago I completely changed the way I shave. Before, I would use a Mach 3 razor or, sometimes, the Fusion razor. It had enough “safety” features so I could shave pretty quickly. After watching Mad Men, I decided I wanted to try something new. I looked for and purchased…
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Well, I am a bit behind on this, but here is my first update on my trading accounts. I dropped the ball on the CNBC portfolio challenge and barely dealt with it. I have been sporadically trading in my Think or Swim paper trading account. I opened a position (5,000 shares) to sell Netflix (NFLX)…
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Although I don’t want to divulge my actual trades and account balances, I have a paper trading account with Think or Swim. I am going to be tracking the paper account here on the blog. When I buy or sell a stock, I am going to provide my reasoning for the decision. The goal of…
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Well, my new company is finally official. Starting a new company is always an exciting time. I have been planning its launch for a while and now it is coming to fruition. The company is Squam Ventures LLC. Its main activities will be online retailer operations and affiliate marketing. The goal is to have to…
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Welcome to my blog. You can learn more about me through the about page. You can follow me on twitter and connect with me on LinkedIn. This blog will follow my thoughts on a range of topics, mainly business strategy, financial markets, start-ups, venture capital, and life in general. This blog will also follow some…
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