State of the Llamafolio
The stock market is a funny thing, to be sure. Bad news sometimes makes stocks go up, and good news sometimes makes them go down. It’s almost as if the stock market is a completely random system sometimes.
That being said, I made my Llamafolio updates today, and was rewarded with a surprise. After being in the red for a while recently, I’m back in the black! My total investment to date is $3000, and the current market value is $3076.67. While that won’t make me rich, it’s nice to see a positive return for a change.
BAC is making a comeback from it’s recent lows. It may very well head south again before it climbs again for good. Bad news elsewhere in the financial sector seems to hit BAC pretty hard. And of course PRFT has performed stellarly for me - up 50% since my purchase. Part of me still thinks I should sell PRFT to lock in my profits, but I’d rather stick it out long term.
No Changes Planned
For now, I won’t be buying or selling any stock. I’ll stick with what I have and see how it plays out. Despite the volatility, I’m reasonably happy with the overall performance compared to the market as a whole.
Side Note
In case you didn’t notice, I updated the Llama Money logo. Instead of a llama flying on a $100 Federal Reserve Note, that same llama is now using a 1 ounce American Gold Eagle. While it’s officially a $50 coin, it’s true value is well north of $900. Considering my interest in the yellow metal, I thought an update was fitting.
Popularity: 17% [?]
July 28th, 2008 at 7:49 pm
Do you use a broker or direct purchase plans to buy stocks?
BAC has a DSPP the first time purchase is $1000. they charge a $10. set up fee and after that you can invest as little as $50. and they pay the fees.
Thats just one example of the 180 companies that I have on my site http://www.aplussrc.com I have links to the transfer agents and company home pages so you can do your research.
The best thing about it is it’s FREE.
I hope this helps.
July 29th, 2008 at 7:21 pm
I currently use Zecco as my broke of choice. If you have $2500 in equity, you get 10 commission-free trades per month. So far I’ve stayed way under the limit and haven’t paid a cent in commissions.
DSPP’s are very interesting to me - and I didn’t know that BAC had one. I’m going to check out your site to see who else has similar programs. Thanks for the heads up.
August 7th, 2008 at 7:13 am
i think its a great idea to publish your stock portfolio and follow the performance. I just started something similar at http://8stockportfolio.com
Check it out if you have a chance.