February 24, 2020
February 15, 2020
I am not recommending any particular stock or investment. Do your own research, make your own decisions. I am, however, recommending everyone download Robinhood, open an account, deposit some money, and buy something. One of the great advantages of living in a free, capitalist society is that the means of production can be owned by anyone and everyone. Jealous of "big oil" or "big pharma" or some other "greedy capitalist corporation"? Download Robinhood and buy some stocks. For as little as $5 you can share in their profits every time they disburse the quarterly dividends. As an added bonus, if you use my link to join Robinhood, you and I will each receive one free share of stock worth about $5. So what are you waiting for? Download Robinhood, create an account, deposit some money, and experience the reality of free market capitalism for yourself: https://share.robinhood.com/brianm3790
Another week of turmoil in my meager portfolio:
I finished above $900, but my break-even point is now $935 because of the dividends I received in January. As the chart above shows, mid-week my total value came very close to the break-even point, but didn't quite reach it before dropping down again to just above $900. The entire past month, from mid-January until today, has been a rollercoaster ride of crazy turbulence. I am not certain what is causing such massive swings in either the market as a whole or my meager portfolio. Some blame the coronavirus, some blame the imploding EU economy, some blame chaos in parts of Central America and South America. Myself, I just wish folks would stop panicking over every tiny hiccup in global headlines. The market exists for buying and selling, that's true, but the past thirty days have been crazy. The American economy is still going strong, there is no global recession looming on the horizon, the coronavirus is not this century's version of the Black Plague or the Spanish Flu. Despite the doomsayers, it's really not that bad out there.
The past 30 days:
Most of my stocks are still below the price I paid for them, and that's okay. Nothing lasts forever, the market rises and falls based on the whims and fantasies of millions of people. No one person (and no secret cabal of greedy capitalist pigs) controls the market. Stock values represent the mid-point between the amount most buyers are willing to pay and the amount most sellers are willing to receive. Well, technically it's not the mid-point. The stock market matches buyers and sellers based on the sell price of the most recent transaction. Even a "market buy" will be determined by whatever sell offers exist at the moment you place your buy order. The transaction will be logged, and the price will join the ticker stream. This is why I almost always use "Limit Buy" or "Limit Sell" orders. As a result, many of my orders never complete and are either automatically canceled at the end of the day or manually canceled by me, depending on which option I choose when I create the order. If I submit 3 or 4 orders and none of them complete, and if I really want to buy a particular stock, or if I really need to sell something and use the cash elsewhere, then I submit a market order and just accept whatever price is available. Here is my current portfolio: