Looks like you've made a nice chunk of change today. Well done.
Made an IFT to 100% S fund before noon last Friday. I'm feeling a nice rally coming this week!
Looks like you've made a nice chunk of change today. Well done.
Wish I could say the same for my portfolio. I switched brokerages from Sharebuilder to Optionshouse last Tuesday. I still haven't seen my money move. Missed out on some nice profits since.. Hoping to see my money soon to catch some of this upswing. I believe Thurs/Fri will be positive so if I can get it just before that I'll be satisfied. But missing out on over 3% in DTV as well as gains in every stock I have yesterday (Monday) had my pretty pissed at this moving process.
I'll be curious to hear how the two compare. I started a Sharebuilder account in May - my first time ever buying stocks. I am doing the automatic investments (only able to buy on Tuesdays, paying the $12 for 12 purchases a month). My goal is long term investment, not short-term trading. But I only can afford to buy $100 every two weeks at this point, so I'm basically paying a 6% commission every month. But I figured that's okay, because I'll eventually have more to invest, and the 12 purchases a month will allow me to "diversify". The only problem is that right now I hold 9 different stocks/ETFs. At about $200 a month, it's going to take close to 4 years before I hold $1000 of each. I figure you need at least $1000 of a stock to make it worthwhile to sell (they charge $8 to sell, I think). Maybe I should drop the 12 purchases a month deal, and just buy $200 of 1 stock each month for the price of only $4?
So, anyway, let me know how you like Optionshouse.
It takes money to make money and it takes a long, long time to build a base. But once you have a base investing is so much easier. I actually made $102K one day last week and I've been waiting a long time to do that. When it's done once it can be done again. Don't forget the advantages of dividend reinvestment - use autopilot and you'll always be buying something.
Thanks BT - you clued me in to the advantage of dividends, and Sharebuilder has a nice feature that lets you search for stocks by dividend yield. I'm trying to buy stocks that have been around for 10+ years, are way down from their historical highs, and pay dividends of at least 1% (actually 3+% is my goal, but I let a couple lower yielding companies in, like BAC, b/c I think there is a lot of potential to accumulate shares now and see growth later).
Many of the S&P 500 companies have dividend reimbursement and/or stock purchase plans allowing direct stock purchases. One I am familiar with is the utility company Southern Company. No fees. Not a recommendation you understand but I have been invested in SO for over 25 years and they haven't missed a dividend payment. Just an option.
Southern Investment Plan
The Southern Investment Plan provides a convenient way to purchase shares of Southern Company common stock. Key features of the Plan include:
$250 minimum initial investment with a one time enrollment fee of $10 for new investors
Annual investment maximum of $300,000
No costs to purchase shares
Ability to invest additional amounts - $25 minimum
Purchases with cash investments on the 10th and 25th of each month
Investment through direct debit of bank accounts
Dividend reinvestment
Sales of Plan shares
What To Do
Carefully read the Southern Investment Plan Prospectus before making any investment decision to purchase Southern Company common stock through the Plan.
Enroll online at www.bnymellon.com/shareowner/equityaccess or contact them at 1-800-554-7626.
Thinking about using my 2nd IFT for June to take my profits from this week and run to safety... I'm starting to feel the market will dip tomorrow slightly or stay flat so it seems pointless to stay in other than to already be in for July.. I've got 30 minutes to make a move and I can't decide!
Now I'm in a pickle. Hold with the Sentiment Survey and hope for a swing up? COB last Thursday would've been perfect timing but I was on vaca all last week and left my money in for some hopeful gains. Got a free cruise of the caribbean but missed out on a good opportunity to get out!
bm
if u dont mind me asking, how did u get free cruise?
My grandmother works for Carnival and gets free stuff from them all of the time. She managed to swing free cruises for all 4 of her children's families. Now that's quite a perk!
After reading today's market comments, I'm going to stick with the Sentiment Survey and hold on to S. Looks like the next few days are historically profitable.
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