On January 3rd, eight shares of Netflix Inc. (NFLX) were purchased for $294.28 each totaling $2,354.20 in stock, and $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 January 31st, the 8 shares closed at $353.86, valued at $2,830.88. Combined with the leftover $83.65 in cash, the portfolio is worth $2,914.53 heading into February. In August, I doubled down trading this strategy and upped my investment to $2,005. So the strategy has returned an excellent 45.4 percent in six months.
For comparison, the S&P 500 exchange-traded index fund, SPY, has been flat over the same period returning negative 0.1 percent.
Netflix is Still on Top
Netflix is still the top performing stock in the S&P 100 index over the last 6 months so we are holding it for February. Check back on February 28th for an update.
