Tim’s Adjusted Strategy: Month 4
August 2nd was the first trading day of August so I purchased 5 shares of Capital One Financial Corp., the top performing stock of the S&P 100 over the previous six months from February through July. I bought the shares for $160.03 each, for a total investment of $800.15. I also held $105.18 in cash. These two amounts totaled $905.33, the sum of the proceeds from the stock I bought and sold in July, Ford (ticker: F).
With the end of August, it was time to close out the position and identify the new top stock of the S&P 100. August 31st was the last trading day of the month so I sold the 5 shares of COF for $165.64 each. In addition to that, the stock paid dividends of $6 on August 20th. The proceeds totaled $834.20 yielding a one month gain of $34.05 and a return of 3.8 p...