What I did, Monday, to make me happy (so far) is my investment in one stock. I won’t say which one since that company and its competitors are one topic in this who economic mess. For a year, I setup an automatic transfer from my personal banking account a few bucks per check to eTrade where I had a few shares of something. I moved my meager funds to my trading account and bit the bullet. Well, I saw the low number months ago, and since, hated that I didn’t buy then. Well, I bought this Monday at $1.78. Here’s some fictional shares (I don’t want someone nit-picking my deal!) and why I’m happy…today.
Say, 1,000 shares (not my real share purchase quantity, but used for easy math) purchased at $1.78 (my real purchase number). I don’t care, yet, especially today, if I’m ahead or not! I may at a later date and time, but with my pain pills and the stocks close, I’m happy, today.
The stock closed at $1.22, so, here goes…pay attention.
The total of the closing price minus the purchase price per stock, multiplied by the amount of shares purchase!
Here it is:
($2.22 – $1.78)*1000 = $440.00!
For my first time, and the amount I make at my job, DAMN GOOD, DAMN GREAT, DAMN GOOD DAY!
I’m smiling, today!
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"Everyone who’s ever taken a shower has an idea. It’s the person who gets out of the shower, dries off and does something about it who makes a difference." - Nolan Bushnell
Posted via email from Robert’s View