Stock Update August 9th 2009

I love investing… I can’t wait until next week to see what the market will do. I have feeling there will be a correction, but who knows. There is a lot of money on the sidelines… so people could start getting panicky and buy into this market not wanting to miss the bull market run we are currently experiencing. Whatever the case is my portfolio since putting new money in March is up 79%! May be I’m lucky, may be it’s part skill and part luck, may be it’s easy to make money in an up market. All I know is I’m beating some of the best mutual funds out there.

Anyway I like giving you guys these updates because investing is one way to make money online. I put money I feel comfortable losing in my Ameritrade account and buy about 80% “investments” and about 20% stocks I consider gambling. A cool site I found that picks penny stocks and has a proven track record of success is One simple tip I’ve been implementing is taking profits on up days and buying the dips on down days. Yea, $10 a trade does add up, but taking money off the table and letting the stocks ride on the houses money it something that I should of done a long time ago.

Here is my current portfolio… I’m starting to pick more and more risky stocks, this could backfire… So we will see what happens. It’s more about keeping things fun and interesting than anything else.


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