Diversifying my investments
February 14th, 2008 by KenricStocks
The stock market is something that I’m not very good at. I had my first brokerage account at 18 and I can’t remember any good years I’ve had in the market. I am a stock market “dabbler” from time to time. I haven’t really looked at my accounts and I think I need to make some good long term investments.
Last week I picked up some shares of Google. This is a pure hold, although the 50 pt. daily swings makes it very tempting to trade it. I picked up 20 shares somewhere around $544.00. I told you I suck at this cause its at $506 now. My post from two years ago I bought 50 shares at $415. I sold those shares sometime in 2006.
I also picked up some Under Armor options. I had been looking to buy some shares of Under Armor for a long time. When it dipped into the mid-20’s two weeks ago, I jumped in. I purchased 2 April calls at 35 for $4.10. On Friday the call maxed out at $11.00 and I sold one of my calls. I decided to purchase 3 April 50 calls at $2.50 with the “house” money. I don’t know if that was a good decision, it was sort of impulse. If you do the math, my option trades are less than $1,000.
Precious Metals
I have not jumped on the gold and silver bandwagons. Seeing gold $900.00 makes me do the “coulda shouldas” because back in 2006 I was so close to pulling the trigger on gold. I remember the spot price was in the low $600’s and I was about to purchase a pound of gold for around $10,000.
There’s something about looking at gold and physically holding it. It just feels good. I don’t know if this is the right time to purchase metals but I know that I will add some into my portfolio some day.
Domain Names
I really feel that domain name investing is ready to take off. I’m beginning to amass a small portfolio of domain names. I purchased a domain name for $250.00 last week. Organizations are beginning to see the value of domains and the market is getting competitive. I intend to own around 250 domain names in the future. Holding costs are only about $2,000 a year for them. I picked up personalmixer.com and verifiedrecords.com for $8 today. I got them from a blog called www.availabledomainnames.com which lists some great available domains. I also got pedalturners.com for a biking site I want to do later.
Scott over at Self Made Minds had great success with two domains that he purchased for $3,200 less than 7 months ago. He sold one for $18,000 last week and was offered $59,000 for the other.
Some domains that I buy I just plan to hold on to or maybe put them up for sale. Others I have a plan to get them ranked and monetized. When you think about it, you should be able to make your $7/yr back on any domain name. With my kitchentilebacksplashes.com domain I am experimenting to see how fast I can make back my $7.00 with no further action.
Posted in Finances | 
Stumble it!
I don’t have a margin account so I never buy options. One trick I learned about the stock market: Don’t ever buy a stock you can’t afford to buy 1000 shares in. When you buy 1000 shares, if it goes up 10 cents, you made $100. I used to buy weird amounts like 100 shares and 200 shares. Now I only buy 1000 shares (minimum) at a time. I don’t buy Google because, under my rules, I’d need about $500,000 to buy a thousand shares. It’s too pricey for me.
By ubu50 on Feb 14, 2008
what kind of trick is that?????
what’s the logic?
By knuckle_headed on Feb 14, 2008
I just spent some time today researching options. I remember a project we did in high school of fictitious stock market play–I lost pretty much everything. It was ridiculous, though–and, the point was a complete mystery–since we weren’t shown how to research ANYTHING. So, before I invest, I’m going to read for the next year or two to make sure I have a better idea of what the hell I’m doing. Otherwise, if I started now and did badly, it’d be expected. And, if I did well, it would be pure luck and sure to be shortlived.
By Trisha on Feb 15, 2008