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.
Nvidia is Still the Top Stock
Over the last six months, Nvidia and Eli Lilly & Company (LLY) are the top two performing stocks of the S&P 100 index. NVDA is up 55 percent and LLY is up 53 percent. The returns of these two were close but NVDA edges out the competition again. Check back in a month for an update.
