Money and Finance
I keep lots of my stocks in IRA, IRA Roth and SEP accounts.
After observing stock market for a while, I have this idea of speeding up my earnings.
Usually I try to spend at least $1,500 per purchase on my stocks. Or if I am not sure in stock or short on money, I might spend less.
My point is - most stocks keep fluctuating in pricing. 52 weeks high/low pricing is a great example.
I try to buy my stocks on bad news at their lowest or close to lowest price. Then usually after some period of time stock's price will come back to original price or even higher. Then company might have another bad report and price will fall again. If I keep stock without selling I will just earn my dividends and see how my stock's prices jump back and forth - feeling happy on good earnings reports and a little worried on bad days.
But what if I pick certain amount as a point for sale and I will try to do it every week or every other week for different stock? Lets say I pick $300 or $400. So if any of my stocks earn this amount, I sell it. Then I will buy a different stock, which is on sale. By following this strategy, I can earn between $600 and $1600 extra money per month and reinvest it. I could add between $7,200 and $19,200 to my investment portfolio without even doing much extra. I already watch market every day. Even if I do it just once a month, I still can earn an extra $3600 - $4800 on top of my dividends earning.
What do you think about this strategy?
I think I will try to follow this way and I will update you in a while.
- Sell Or Not To Sell?
Okay, we all have stocks which are not doing well and stocks which are doing very well. As I wrote before, for me it's always very hard to pull this trigger and sell my winner... I know that lots of dividend stock investors think that we need to...
- My Weekly Stocks List (10/12)
This week I finally bought shares of BBL. Because there are too many stocks trading at their lowest now, I decided to only post the stocks I am watching to probably add to my portfolio. Stock Name, descriptionprice as 10/11Yield52 wks low52 wks high1...
- My Weekly Stock List (9/6)
This week I bought shares of RIG and ESV. It looks like many of offshore drilling companies are trading at their lowest this week. Here is my list for upcoming week. I added some extra columns Stock Name, descriptionprice as 9/6Yield52 wks...
- My Stock Picking Strategy
When I describe my stock picking strategy, many people think it's weird. I wrote about my Stock picking strategy before, you can read it here. Here is my updated list: 1. The stock should pay dividends. I added it as a rule. I still...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...
Money and Finance
Will this way speed up your earnings?
I keep lots of my stocks in IRA, IRA Roth and SEP accounts.
After observing stock market for a while, I have this idea of speeding up my earnings.
Usually I try to spend at least $1,500 per purchase on my stocks. Or if I am not sure in stock or short on money, I might spend less.
My point is - most stocks keep fluctuating in pricing. 52 weeks high/low pricing is a great example.
I try to buy my stocks on bad news at their lowest or close to lowest price. Then usually after some period of time stock's price will come back to original price or even higher. Then company might have another bad report and price will fall again. If I keep stock without selling I will just earn my dividends and see how my stock's prices jump back and forth - feeling happy on good earnings reports and a little worried on bad days.
But what if I pick certain amount as a point for sale and I will try to do it every week or every other week for different stock? Lets say I pick $300 or $400. So if any of my stocks earn this amount, I sell it. Then I will buy a different stock, which is on sale. By following this strategy, I can earn between $600 and $1600 extra money per month and reinvest it. I could add between $7,200 and $19,200 to my investment portfolio without even doing much extra. I already watch market every day. Even if I do it just once a month, I still can earn an extra $3600 - $4800 on top of my dividends earning.
What do you think about this strategy?
I think I will try to follow this way and I will update you in a while.
- Sell Or Not To Sell?
Okay, we all have stocks which are not doing well and stocks which are doing very well. As I wrote before, for me it's always very hard to pull this trigger and sell my winner... I know that lots of dividend stock investors think that we need to...
- My Weekly Stocks List (10/12)
This week I finally bought shares of BBL. Because there are too many stocks trading at their lowest now, I decided to only post the stocks I am watching to probably add to my portfolio. Stock Name, descriptionprice as 10/11Yield52 wks low52 wks high1...
- My Weekly Stock List (9/6)
This week I bought shares of RIG and ESV. It looks like many of offshore drilling companies are trading at their lowest this week. Here is my list for upcoming week. I added some extra columns Stock Name, descriptionprice as 9/6Yield52 wks...
- My Stock Picking Strategy
When I describe my stock picking strategy, many people think it's weird. I wrote about my Stock picking strategy before, you can read it here. Here is my updated list: 1. The stock should pay dividends. I added it as a rule. I still...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...