On May 1st, thirteen shares of Meta Platforms Inc. (META) were purchased for $242.08 each, totaling $3,147.04 in stock. $50.82 in cash was left over equaling a grand total of $3,197.86 at the start of May. Yesterday June 1st, they were sold for $270.64 for a total value of $3,518.23. Combined with the $50.82 cash, the portfolio was worth $3,569.05 heading into June. In August, I started with $2,005 so this strategy has returned an amazing 78 percent in ten months. This table summarizes all the stocks owned in that time and their results.
For comparison, the S&P 500 exchange-traded index fund, SPY, has returned only 2.7 percent over the same period. This includes dividends.
Nvidia is Back on Top
Meta is no longer the top performing stock in the S&P 100 index over the last 6 months. The strategy dictates it be replaced. Chipmaker Nvidia is the top stock again. Yesterday, I purchased 9 shares of NVDA at $396.42. Check back on June 30th for an update.
