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 $6,493.39 on July 31st, 2024. So the strategy returned 29.9 percent over the 12 months from August 2023 through July 2024.
The benchmark S&P 500 exchange-traded index fund, SPY, returned 20.7 percent over the same period. So for the second year in a row, our strategy beat the S&P 500. You might recall that last year, we more than doubled our money.
See the following table listing the stocks I traded using our strategy.
Nvidia’s Long March Continues
Nvidia is up 65% over the last 6 months making it the top performing stock in the S&P 100 index. That’s the group of large capitalization companies we pull our monthly trades from. In eleven of the last twelve months, semiconductors were the top stocks reflecting the growth of this vital industry. It will be interesting to see if this sector continues to dominate in the next twelve months or is replaced by another, such as software.