Finally! After taking a long hiatus from the financial investments due to some interesting experiences in investment real estate, I am slowly getting back into the market. While I was waiting for my last home to sell, I opened up an account with Scottrade. This Tuesday I transferred the first small chunk ($2000) which showed up in the account today. Suffice it to say I wasted no time and quickly invested all of it and requested the transfer of another $4000 into the account :) Here are my first couple investments just to get my feet wet:
1) 1 contract for and August IBM Call option with a $105 strike price. Cost - $283 ($275 for the contract and about $8 for the trade). Current price of IBM is $105.40
This is something I've been wanted to do for quite some time. I've been reading a book on options trading and how to better leverage your capital. I'm not going to try spreads and puts and all this craziness until I better understand what the heck it all means. So this is kind of an experiment. I'm pretty confident in IBM, so buying barely in-the-money gives me a higher probability of actually exercising the option and very high leverage. Not to mention it was under $300.
2) 14 shares of Petroleo Brasileiro S.A. (PBR) - Current price - $121. Cost - about $1700
This stock was listed by Fortune Magazine as one their "Fortune 40" portfolio stocks. PBR falls into their Foreign Value category. It is up almost 100% in the past year with no major hints of declining. It has a low P/E of 11 and a future P/E of 9, suggesting around 20% EPS growth. Not to mention it simultaneously allows me to invest in oil and international. I like both.
As I mentioned, these were just to get my feet wet. As the money comes in from real estate closings, I'll be investing in various other stocks, funds and options. I will probably largely mimick my 401k fund choices.
I will post every time I make a change in my investments.
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