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!!