Saturday, February 29, 2020

February Update

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

I started the month with $274.36 to invest and that will be my self-imposed trading limit for the whole month.

         $274.36 x 2% =$5.49 profit needed.

3.
4.
5.   $274.36 + $2.00  BRY profit = $276.36
6.
7.

10.
11.   $276.36 + $1.67 TNA profit = $278.03
12.
13.
14.

17. President's Day
18.
19.
20.
21.   $278.03 + $0.90 ETRN dividend = $278.93

24.
25.
26.
27.
28.

Ending Balance    $278.93
Starting Balance  $274.36
Monthly Profit     $    4.57

$4.57 profit on $274.36 = 1.66% gain


Comparing my monthly results to the overall market for February.

     DOW -4.08%
     S&P   -3.09%
     Mine  +1.66%

My 1.66% profit for the month fell short of my 2% goal but I still out performed the market. The 2% monthly profit is an AVERAGE needed to gain 24% for the year.

February ending balance $278.93
March contribution          $ 50.00
March trading limit         $328.93

$328.93 x 2% = $6.58 profit needed in March


Disclaimer, I am not a professional.


your comments are welcome and appreciated or 
e-mail...…..   1948modelblog@gmail.com


2 comments:

Shelley said...

Happy Leap Year! Just wanted to let you know I'm still reading (and have suggested your blog to a couple of other people).

squire said...

Thank you Shelly, while doing this blog everyday is a little time consuming, if I mention just ONE thing that helps, then it is totally worth it.

 

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