It’s Over 17,000!

The total value of my trading account is over $17,000! Oh, and coincidentally, the Dow Jones Industrial Average broke the 17,000 mark and closed at a record high of 17,068.26 on July 3rd, 2014.

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
TOTAL$17,072.61
AFLAC INCAFL10001/31/14$6,278.95$6,329.00
AFLAC INCAFL8903/27/14$5,540.75$5,632.81
NELNET INC CL ANNI12112/11/13$4,970.79$5,019.08
CASH$91.72

This is not the first time that the total value of my account is over $17,000. It was $17,068.98 on 6/10/2014. Which just shows you that the value of my holdings is pretty much the same since I started this blog.

Roughly 2/3 of my holdings are in AFL. A very good article was published yesterday on Seeking Alpha on why the stock price of AFL has been flat even though all the indexes are hitting new highs. The main factor seems to be that Aflac does about 75% of its business in Japan, and the weak Yen impacts the numbers on their financials.

AFL is one of those buy and hold forever stocks in my opinion, maybe it wasn’t a good idea to buy it for trading. With a P/E of 9.80, it just looks so cheap.

As for NNI, I don’t see much news about this stock. I bought it because it also looked cheap. It’s a good thing both AFL and NNI pay out a dividend, so I do get some dividend income while I wait. No trades again this past week.

My real bottom line on 6/10/2014: $17,072.61

Side Note: I am including a link to Seeking Alpha in my resources page. Seeking Alpha is one of the sites I visit often to research ideas on investing and trading.  My favorite author on the site is Chuck Carnevale. I have learned a lot about investing (NOT trading/speculating) through reading his articles. I highly recommend anyone to check out his articles if he/she is serious about investing in stocks.

 

Tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *