On January 3rd, eight shares of Netflix Inc. (NFLX) were purchased for $294.28 each, totaling $2,354.20 in stock. $83.65 in cash was left over (from the sale of the previous month’s stock) equaling a grand total of $2,437.85 at the start of January. Yesterday February 28th, the 8 shares were sold for $321.35, valued at $2,570.78. Combined with the leftover $83.65 in cash, the portfolio was worth $2,654.43 heading into March. In August, I started with $2,005 so this strategy has returned an efficient 32.4 percent in seven months.
For comparison, the S&P 500 exchange-traded index fund, SPY, was down 2.6 percent over the same period.
Move Over Netflix
While it had a good two-month run, Netflix is no longer the top performing stock in the S&P 100 index over the last 6 months so we are replacing it. Chipmaker Nvidia is the top stock again. Today I purchased eleven shares of NVDA at $227.02. Check back on March 31st for an update.
