About this experiment…
“The financials got us into this mess, they’ll lead us out,” said Tom Meyer months back. My experiment will find out if he was right. No other sector has been beaten down as much as the financials, and therefore no other sector, in my opinion, has as much room for growth. We’ll see.
After some [many] bad stock choices-from gold to Martha Stewart (I love you Martha, but your stock was a slug in 08 ) to a bunch of junk OTCs- I finally settled in on the financial sector on Tom Meyer’s prediction. This blog will tell you which financial stocks I’ve been choosing and how they’re doing, and will also track the daily rise and fall of crude oil and the Dow as well as other major happenings in the market.
On August 14 and 15, 2008, respectively, I reached my only two goals: having a $1000 day and hitting the $10,000 mark. And I didn’t do it by slinging around Clevelands; I started this experiment with about $6000. Since I hit both goals before I thought it would happen (and because I actually hit them), my new goal became to create a portfolio that has the potential, based on each stock’s 52-week high- to return $100,000. And my overriding and unofficial goal has always been to not screw up [too much more] and lose all my money.
This blog will be honest. Please comment! If I lose money, I’ll tell you. If I make money, I’ll tell you. If a stock seems great, I’ll tell you. And if a stock sucks, I’ll definitely tell you. Consider us in this together.
If you want to exchange ideas, my email address is my first and last name (just as it is in the web address) at gmail dot com. All lower case, no spaces.
Now let’s make some money!
drew kosel said,
August 20, 2008 @ 7:38 pm
I’m right their with you. I too have a strategy that can potentially turn $4K into $95 K in 52 weeks. Let’s hope that this experiment works so we can retire early, lol.
Ryan R said,
August 21, 2008 @ 12:45 pm
Enjoy reading your blog. I am in the same boat, with about the same stake, and philosophy since May. Up and down. Best of luck.
Favian said,
September 26, 2008 @ 2:09 am
Teacher, Teacher
Hang in there. You are already betting 1,000 in my opinion by choosing the most noble profession, or should I say vocation, in the world.
In addition, you are a numbers person and the stock market is all about numbers. If anything you have a heads up on a lot of other nascent investors such as mysef.
I invested in Radian after reading your posts and it has been good to me.
Remember Jesus’ first and most important teacher was his mother, eventhough she doesn’t get much credit for it.(Sound familiar?)
Oops, look what happened to him.
Peace.