I recently did a post on what stocks we bought. Quick recap – we purchased Verifone Systems, Deck Outdoor, Walmart, Realty Income and Starbucks. John and I set goals as to when we would sell and watched the market closely.
Two days ago, we sold Walmart and Deck Outdoor. Continue reading for our profits…
Our profit from Deck Outdoor was $95.23 and our profit from Walmart was $233.43. Not bad considering we’ve only had these stocks for a little over two weeks! Of course, we will have to pay taxes on that money since it’s looked at as income.
Our new purchase
We didn’t cash in our earnings and instead are going to continue growing our personal stock account. After some research, we decided to purchase Blackstone Group. We purchased 99 shares at $32.67/share. We don’t plan on selling this stock any time soon since it’s a dividend stock. Ideally, we will hold onto it for at least six months.
I definitely feel like we are learning so much through this experience. Keep in mind that this is all money we’ve decided we can “afford” to lose. Not to mention, we are investing in “safer” (I use that term lightly) companies that most likely will not be going anywhere any time soon. If we did lose money, it’s not like it would be all of it.
If you’re interested in learning more about the stock market, I highly recommend trying what we’re doing. We’re total beginners, just buying stocks in companies that we like, doing research and following along. The best way to learn something is to dive in and do it. Of course, be smart and make sure it’s money that you can AFFORD to play with and lose, as the stock market is not a guarantee.
That’s all for today! Keeping it short and sweet as I’ve had a busy week with the girls and work. This weekend is going to involve a lot of relaxing, some Thanksgiving Day planning and shopping, a Christmas tree lighting (or two) and some Canasta and quality time with my man. Hope everyone has a great weekend!!
Melissa @ Sunburnt Saver saysat
Wow, this is such a cool update! I’m going to have to go back and read your old post, to see what brokerage you use to buy stocks. I’m really intrigued to do it on my own, but then again there’s that whole fear of totally screwing up and losing money. I’m really bad at taking risks! So glad you’re here to inspire me 😉
I think that’s a great idea to get your foot in the door with stocks like that! Good job on some profits there too! 🙂
I have actually been considering selling Walmart as well. I know the price will go up with the holiday season and then it will level out again in early 2015; however, I still think Walmart will continue to grow for 100 years, so I may just keep it. I prefer buy and hold for forever when possible.
I actually just bought some stock yesterday in Cash America International. It’s the ULTIMATE value stock! And I love everything about value investing (Warren Buffett style).
I think it’s neat that you’re posting stock updates! I’ll keep following them. 🙂