Neville's Digital Surrogate Brain
I’m in NYC right now, and so far I have been paid for in most places. Major spending to point out so far (Day 4 of the trip):
So far very little money has been spent, but the worst is still to come during New Years. For the time being, Merry Christmas and Happy Holidays to all!
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.
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
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
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.
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:
If you see me moseying around anywhere, make sure you ask me if I have first completed ALL of the above!
My weekly transfer of…
…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
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.
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:
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.