I am still getting situated into my Scottrade account. Since my last post I have made two new investments. The first is one which I also have in my 401k account:
Fidelity Latin America Fund (FLATX)
I purchased the minimum $2500 at the end of last week and it is already up 2%! It has a fair amount of (relative) risk, but the returns are fantastic. It also focuses on the great economic growth of Latin America, which will only continue in my opinion.
The second purchase I made was 5 shares of the Chicago Board of Trade (BOT) at around $203/share. It was already highly priced with high p/e - 56! - but it has huge growth prospects (thus the high p/e) and is about to be bought out. There is a bidding war between Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE). I'd prefer the CME to win because their stock has better long-term potential at this point, but we shall see. In general, the exchanges are good investments right now because they are gaining a lot of business via hedge funds and other users of derivatives products.
Another change from my last post is that my shares of Petroleo Brasileiro split Monday, July 2(only a few days after I purchased), then they quickly gained 2%. So, I now have 28 shares, which I will reflect in the chart on the right of this page.
The last change is that my IBM option declined by $100. Not what I want at all, but it doesn't expire until late August, so still plenty of time to get what I want out of it.
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