In the Last Year I Doubled My Money
On June 1st, nine shares of NVIDIA Corporation (NVDA) were purchased for $396.42 each, totaling $3,567.76 in stock. $1.29 in cash was left over equaling a grand total of $3,569.05. Yesterday, July 31st, the shares closed at $467.29 for a total value of $4,205.61. Combined with the $1.29 cash, the portfolio is worth $4,206.90 as July closes. On August 1, 2022, I started with $2,005. So this strategy has returned a beautiful 110 percent in one year more than doubling my money. See the following table listing the stocks I traded each month to achieve this stellar performance.
Meanwhile, the benchmark S&P 500 exchange-traded index fund, SPY, has returned a modest 13 percent over the same period. This includes dividends. We left the SPY in the dust as illustrated...