Wednesday, September 25

News

News

Nvidia No Longer

Nvidia is no longer the top stock! So we're selling it today and buying 3M on Tuesday. Please check back in a day or two for the full post.
Never Ending Nvidia
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Never Ending Nvidia

In August of 2023, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). We stayed with Intel through January. On January 31, the Intel shares were sold for $4,913.36. On January 31st and February 2nd, 28 shares of AMD were purchased for an average price of $174.27 with $83.65 left in change. We stayed with AMD through March. At the end of March, we sold AMD for $180.56. On April 1, I bought 5 shares of NVDA for $899.38 leaving $642.39 in change. In June, NVDA did a 10-1 stock split so I now have 50 shares. On Wednesday July 31st, NVDA closed at $117.02. Combined with the change, the portfolio was worth $...
Quite Simply, Nvidia is on Fire
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Quite Simply, Nvidia is on Fire

In August, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). We stayed with Intel through January. On January 31, the Intel shares were sold for $4,913.36. On January 31st and February 2nd, 28 shares of AMD were purchased for an average price of $174.27 with $83.65 left in change. We stayed with AMD through March. At the end of March, we sold AMD for $180.56. On April 1, I bought 5 shares of NVDA for $899.38 leaving $642.39 in change. Today, NVDA closed at $1,096.33. Combined with the change, the portfolio is now worth $6,124.04. So the strategy has returned 22...
Nvidia is Back
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Nvidia is Back

In August, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). We stayed with Intel through January. On January 31, the Intel shares were sold for $4,913.36. On January 31st and February 2nd, 28 shares of AMD were purchased for an average price of $174.27 with $83.65 left in change. We stayed with AMD through March. At the end of March, we sold AMD for $180.56. On April 1, I bought 5 shares of NVDA for $899.38 leaving $642.39 in change. Today, NVDA closed at $1,096.33. Combined with the change, the portfolio is now worth $6,124.04. So the strategy has returned 22.5 percent in the last ten months. T...
As the Market Booms, Stick with AMD
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As the Market Booms, Stick with AMD

In August, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). 114 shares of INTC were purchased for $42.59 per share for a total of $4,855.07, and $39.87 in change was left over. In January, we stayed with INTC. On Wednesday January 31, the Intel shares were sold for $4,913.36. On January 31st and February 2nd, 28 shares of AMD were purchased for an average price of $174.27 with $83.65 left in change. Today March 1st, AMD closed at $202.64. Combined with the change, the portfolio is worth $5,757.57. So the strategy has returned 15.2 percent in the past seven months. The benchmark S&P 5...
Chipmakers are Leading the Way
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Chipmakers are Leading the Way

In August, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). 114 shares of INTC were purchased for $42.59 per share for a total of $4,855.07 and $39.87 in change was left over. In January, we held onto INTC. On Wednesday 1/31/2024, the Intel shares were sold for $4,913.36. Combined with the $39.87 in change, the portfolio was worth $4,953.23. So the strategy has returned negative 0.9 percent in the last six months. The benchmark S&P 500 exchange-traded index fund, SPY, has returned 6.3 percent over the same period. It's riskier holding one stock as opposed to 500 but with greater risk c...
New Year, Same Stock
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New Year, Same Stock

In August, I started trading with a position in Nvidia: 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. In November, we traded Adobe Inc. In December, we traded Intel Corporation (INTC). 114 shares of INTC were purchased for $42.59 per share for a total of $4,855.07 and $39.87 in change was left over. On Tuesday 1/2/2024, the Intel shares were worth $5,472.40. Combined with the $39.87 in change, the portfolio is worth $5,512.27 as the new year begins. So the strategy has returned a healthy 10.2 percent in the last five months. The benchmark S&P 500 exchange-traded index fund, SPY, has returned 4.1 percent over the same period. It's riskier holding one stock as opposed to 500 but with greater risk comes grea...
Nvidia’s Amazing Run has Ended
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Nvidia’s Amazing Run has Ended

In August, I started my Nvidia position with 10 shares totaling $4,633.70 in stock. $356.30 in cash was maintained equaling a grand total of $5,000. Yesterday (10/31/23) the shares closed at $406.90 for a total value of $4,069. Combined with the $356.30 cash, the trade is worth $4,425.30 as October ends. So the strategy has lost 11.5 percent in the last three months. The benchmark S&P 500 exchange-traded index fund, SPY, has returned negative 1.8 percent in the last three months. This includes a dividend that was paid just yesterday. Obviously, holding a single stock is riskier than holding the S&P 500 and these results prove that again. (adsbygoogle = window.adsbygoogle || []).push({}); No Longer on Top Nvidia has been the top stock f...
Hold on to Nvidia
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Hold on to Nvidia

On August 1st, one share of NVDA was purchased for $463.37 bringing my total to 10 shares totaling $4,633.70 in stock. $356.30 in cash was left over equaling a grand total of $5,000. On Friday, September 29th, the shares closed at $435.19 for a total value of $4,351.90. Combined with the $356.30 cash, the trade is worth $4,708.02 as September ends. So the strategy has returned negative 5.8 percent in the last two months. The benchmark S&P 500 exchange-traded index fund, SPY, has returned negative 5.2 percent over the same period. (adsbygoogle = window.adsbygoogle || []).push({}); Nvidia is Still the Top Stock Over the last six months, Nvidia and Eli Lilly & Company (LLY) are the top two performing stocks of...