These are the Results of the Strategy Over 15 Months
Back on July 1st, ten XOM shares were purchased for $88.05 per share totaling $880.50, and $86.17 in cash was leftover.
Now, Exxon Mobil (XOM) is no longer the top stock in the S&P 100, and Friday, July 29th was the last trading day of July. The XOM shares were sold at a profit for $96.77 for a total proceeds of $967.73. Along with the leftover cash of $86.17, there was a grand total of $1,053.50 in cash on balance.
The starting testing balance on May 3, 2021 was $1,001.66 so this strategy has returned 5.2 percent over the last fifteen months. Please see the following list of stocks used along with the ending balance for each month.
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For comparison, the S&P 500 exchange ...