I did some day trading on $300 bucks last month. Turns out I made about $250 off of that! That day trading is a dangerous game and I got lucky. I decided to pull it out and I bought myself 10 shares of Starbucks. I would have used this money to pay off some debt and reinvested the rest, but it was in my retirement account. Pretty cool making nearly 100% off of that money! Woo-hoo! I will let you know about Starbucks in the near future!
Have a great weekend everyone!
Very neat. Good job. How do you choose which companies to invest in? Or decide when to sell off/buy?
ReplyDeleteThe companies I invest in are usually ones with a low international presence, while maintaining a 5 year growth record. Both of my recent acquisitions, Starbucks and Chipotle, fit these criteria. I will also take chances on some smaller companies since I am so young and i tend to be aggressive.
ReplyDeleteI usually sell off once I feel like I have hit a peak with the stock and will not see any more growth or if I sense a red flag with earnings. One stock that I own and I tell people to buy all the time is SIRI. It has huge growth potential from where it is. I think conservatively it will grow at a 20% clip this year. Keep your eye on it. I may be increasing my position in it soon.
As always, thanks for reading!