Neville's Digital Surrogate Brain
For the last couple of days I’ve had a limit order to buy General Electric (GE) at $35.00. It is on a downtrend right now, and it looks as if $35.00 will be approched within the next few days. After I buy (if it hits), I plan to hold GE for the next few years. I expect to buy at $35, and take a loss on the stock for a little while.
The downtrend appears it will continue for a few more days before leveling out and possibly going up. Let me know what you think!
Stocks have been down quite bit the last few days. My unexperienced, non-credible opinion is: Investors have taken their profits from the recent uptrend in the market, and are a little apprehensive to buy at the moment.
I feel the same way. The good thing is, I am starting to feel the next few weeks will be a prime purchase point. I believe this year will be an up year, but much slower than the last.
Right now I have my eye on: ge, agh, axr, brn, bpt, cmbc, crt, nobh
I have put a limit buy order on GE for my longterm portfolio. If the price is right, Ameritrade will trigger my trade automatically. I plan to buy only longterm stocks this year.
On an unrelated topic, I go back to my apartment in Austin on Wednesday or Thursday…for my last semester of college!
The Kirk Report put out a small list of possible ten-bagger stocks. I’ve started doing more long-term trading, so I took a good look at some of these:
agh, axr, brn, bpt, cmbc, crt, nobh
I would like a nice steady growth stock to hold for 5 to 10 years. I looked at all of these, and I’m waiting till the price dips on a few of them. I also have General Electric (GE) on my list of possible buys. I am just waiting for a nice dip in the stock for an entry point.
Today I accomplished:
–Setting up a meeting with a fellow investor.
–Web design work.
These slow days need to stop. I must be more productive everyday!
I think everyday I should post what I have done to improve my fiancial situation or life. My goal here is to not let the days slip by.
Today was a slow day:
-Sent out a letter to all TX Entrepreneurs inviting them to get together and talk business.
-Went to the library to research business advertising.
At this rate, I am going nowhere. This list needs to expand, and quickly.
OUCH. New York for two weeks left an $825 dent in my wallet. Not working also threw off my monthly income by a bit, but I made a $913 profit from my online business to counteract that.
Also, I am now only reporting usable, liquid assets of mine. I will still report my business balance account which holds funds I owe, but I will not consider it an asset.
These last few days have been harsh on stocks, so my longterm holdings are not doing so hot. I have also transfered all the money I owe for my business to the business balance account. I like keeping my business 100% debt free, which is not great looking for balance sheets, but I like having no liabilites for now.
General Account: $423
Spending Account: $82
Investment Account: $860
Permanent Savings: $5,300
Stock Portfolio Value: $7,810
Total Assests: $14,475
Credit Card Balance: $0
Business Balance: $4,392
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So far my financial year is not off to the right start, but I am changing that soon!
I will be posting some New Year’s Resolutions soon for 2005. I graduate from college this coming semester, so a lot of important decisions will be made in 2005. Till then, Happy New Year’s!
My next short term goal is to:
Make $11,000 by April 31st, 2005.
This means I must make an average of:
This goal is more than double my last 4 month goal, so something about my income must change. I must either work more, make more money from my online business or create a new income stream. I plan to do all three.
One of the reasons I started this blog was to track if I was meeting, exceeding or falling short of my goals. One of my short term goals was:
By December 31st, 2004, I should have made $5,000 since September.
Well it is December 31st, here is how I performed:
September Business Profit: + $468
October Business Profit: + $459
November Business Loss: – $9 (Server was down)
December Business Income: + $913
Profit from Wheaton Sale (WHT): + $567
Profit from Syntel Sale (SYNT): + $776
Loss from V.I. Tech Sale (VITX): – $316
Birthday Money: + $101
Parents: + $240
Work: + $1,930
Webpage Work: + $150
Total Income: + $5,604
Total Losses: – $325
Total Money Made: $5,279
General Account: $2,118
Business Balance: $2,416
Spending Account: $385
Investment Account: $1,035
Permanent Savings: $5,260
Stock Portfolio Value: $8,118
Credit Card Balance: $0
Total Assests: $19,332 (+ $900)
Still in New York and having lots of fun. Here is an updated breakdown of my expenditures up till day 9 of the trip:
I haven’t broken down “spending cash” because it would be a very long list of small things like hot dogs, drinks, tips etc. Keep in mind I have also been paying for two people in many places.