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 comes greater returns. Here’s a summary of the stocks traded.
The Top Stock
Artificial intelligence is the newest technology of our time and it’s made possible with advanced semiconductors also know as computer chips. Over the previous six months, all but one of the stocks traded was a semiconductor company. And over the same time, the top performing stock in the S&P 100 index was another chipmaker, Advanced Micro Devices, Inc. (AMD). AMD introduced its first AI chip last year although 90% of the market is supplied by Nvidia. On 2/1/2024, 9 shares of AMD were purchased and another 20 will be purchased on 2/2/2024. We’ll keep you updated.
