NevBlog

Neville's Digital Surrogate Brain

Dynegy Performance

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Dynegy (DYN) stock took a massive drop after it reported paying off debt, but then took a nice rebound. I waited for the stock to drop rock bottom, then make its way up. I have a limit order for 220 shares of Dynegy at $4.65, but unfortunately the market is on a holiday schedule.

Dynegy was also upgraded by several firms to $5.10

I plan to hold Dynegy for the longterm, so I may sell a few shares if it reaches that target, then buy it again if it goes lower. This was I can keep the stock longterm, but extract some profit along the way.

Dynegy looks like it’s back on track and ready to make a rebound. In the short term I still think the stock will be shaky, but 2+ years everything looks alright.

SCON

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Bought on September 13th as an experimental trade, SCON turned out to be quite a loser. The original investment was a paultry $387, so I decided to let it stick around to see what happens. The company had a decent product aimed towards the telecommunications market and a lot of good press. The last few weeks the stock slowly started rising, jumped over 30% in one day, and today finally hit my target sell price of $1.40.

Today marked the day when Superconductor Technologies (SCON) finally paid off. I was originally trying to just break even, but it paid off holding it. It at least paid off the loss I made on JBL two days ago.

Jabil Technologies (JBL)

Bought 45 shares at $25.84 one day, sold the next day for $25.35 when the stock started slipping despite a slightly better than expected earnings report. -$22.05

Leaving for the Big Expensive Apple

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I’m going to New York tommorrow for two weeks. I will continue to update the site from there (it will be especially important to keep track of my spending while visiting).

As for now, here are my current account balances. By the time I get back, the spending account may very well be $0.00 !

General Account: $1,108

Business Balance: $2,422

Spending Account: $503

Investment Account: $1,044

Permanent Savings: $5,221

Stock Portfolio Value: $8,134

Credit Card Balance: $0

Total Assests: $18,432

Stock update

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Today I bought 45 shares of Jabil Circuit Inc (JBL) at $25.83 a share. I put some money on them because they provide the inner workings of today’s modern gizmos…not to mention they were reporting earnings today.

Jabil Circuit Inc. reported after the market closed that sales rose 21% and earnnings climbed 32% for the quarter. Earnings estimates were beat by $.01, not much, but this makes them ripe for a slow advance during the holiday season. Hopefully I can get a nice 8 or 10% gain during the next few days.

45 shares JBL @ $25.83 = $1162.35



Shares of JBL must rise to $27.90 for me to get an 8% gain.

Need to be Productive

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On this recent post I detailed what progress I should be making after final exams finished. I am at home in Houston now and have somehow been distracted everyday.

This is no good. I’ve set out goals for myself and I have not met them. This needs to change. With whatever small amount of spare time I get during my two weeks in New York, I should try to:

  • Finalize updates on Timber Trace website.
  • Inquire about best options for opening 2nd brokerage account.
  • Get Resumite ready to do business (finalize all sample sites).
  • Add new content to online business everyday.
  • Finalize traffic alleviation proposal on I-35 in Austin.
  • Create new investment ideas.
  • Have fun.
  • Meet my goal of making $5,000 by 12-31-2004.

If you see me moseying around anywhere, make sure you ask me if I have first completed ALL of the above!

Asset Update

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My weekly transfer of…

  • $60 to investment account
  • $40 to permanent savings
  • $10 to spending account

…went through on Friday like it does every Friday. I got a $150 check for some web design which I evenly distributed through the savings, investment and spending accounts. I also get a $300 check sometime next week from work.

Total assets went up $856. Keep in mind that total assets include my business balance, a.k.a. the money I OWE the fulfillment company.

General Account: $1,821

Business Balance: $1,683

Spending Account: $303

Investment Account: $983

Permanent Savings: $5,170

Stock Portfolio Value: $8,134

Credit Card Balance: $0

Total Assests: $18,094

Meeting Goals

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One of my goals was to finish Resumite.com by Dec. 15th. It is mostly done, but I need to add content and upload the sample sites. I am a bit dissapointed that I did not do this earlier.

I don’t really expect to do any business with Resumite until I get back to school. This Dec. 15th goal was simply an arbitrary date I had picked. Next time I make a goal, it should be completed by a relevant date.

Steady Income

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Investing in stocks and making my saved capital appreciate is great, but it doesn’t help me pay expenses. I like to invest and re-invest money for my future, but what about the expenses I have now?

After I graduate, to pay bills I will need some steady income. So far I have thought of these three steady income ideas:

  1. Getting a Job: Easiest way to make money. The monthly paycheck can be used for savings, investing and paying the bills. You can also simultaneously run a small, low maintenance business on the side.
  2. Real Estate: Difficult entry. Renting out a piece of real estate provides a great monthly income, but it can also be a big cash drain. This method would go along well with having a job, since the real estate generally requires little attention once established.
  3. Small Business. Intermediate entry. I personally like this one the best, because owning a business gives me the feeling of earning my money. All my risk and labor will come directly back to me with a small business. This method can also go completely wrong, and is very risky if it is your sole income.

After college, I plan on doing all three within two years. As of now, I already invest, run small businesses and hold a job. Some real estate needs to be added to my current situation. Perhaps I will buy a small apartment or condo in an emerging area soon.

Longterm Investment Idea – GE

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I generally don’t like large-cap stocks, but with my new long-term portfolio in the creation I am taking a peak. Look at the 10 year chart for General Electric (GE) and it’s steady growth over the last two years.

After a major correction, I believe GE will continue to follow its regular growth path…and let’s not forget about the dividend. Tell me what you think.

Having a PhD

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I found this article about Mario Gabelli interesting. One quote I particularly liked was:

Gabelli made it clear that his firm only hired PhDs – and by that he means

“poor, hungry and driven.”



I love it!