Investment Project 1 for September 16, 2007
Well, I decided to create a new category in my blog that focuses on a possible investment portfolio. This is all hypothetical, so do not make decisions just on my below information. These investment project posts are only “what if’s”–meaning what if I bought this stock, how much will I make or lose in the future? For this investment project, I will start out with $1,000 and pretend to invest it in various stocks. Then I will post the results of my investments whether it be a gain or loss later this week and/or next week.
My investment decisions are below. My stock decisions are from a variety of sectors. In the future, I will focus my investment decisions more to narrow down my portfolio. But I diversified my portfolio more than usual to see how the stock market will act when the Fed makes their announcement on September 18 about possible rate cuts.
Name |
Price Per Share
|
# Shares Bought
|
Total
|
| Invitrogen Corporation |
$81.68
|
2
|
$163.36
|
| NASDAQ:IVGN |
|
||
|
|
|||
Watson Pharmaceuticals, Inc. |
$31.11
|
2
|
$62.22
|
| NYSE:WPI |
|
||
|
|
|||
Aegean Marine Petroleum Network Inc. |
$25.95
|
2
|
$51.90
|
| NYSE:ANW |
|
||
|
|
|||
Cree, Inc. |
$29.07
|
2
|
$58.14
|
| NASDAQ:CREE |
|
||
|
|
|||
Apple Inc. |
$138.73
|
2
|
$277.46
|
| NASDAQ:AAPL |
|
||
|
|
|||
Perfect World Co., Ltd. |
$25.48
|
3
|
$76.44
|
| NASDAQ:PWRD |
|
||
|
|
|||
Garmin Ltd. |
$106.36
|
1
|
$106.36
|
| NASDAQ:GRMN |
|
||
|
|
|||
Precision Castparts Corp. |
$131.71
|
1
|
$131.71
|
| NYSE:PCP |
|
||
|
|
|||
Woodward Governor Company |
$57.72
|
1
|
$57.72
|
| NASDAQ:WGOV |
|
||
|
|
|||
Quicksilver, Inc. |
$14.14
|
1
|
$14.14
|
| NYSE:ZQK |
|
||
|
TOTAL
|
$999.45
|



[...] Well, after 2 weeks since the start of my investment project on September 16, 2007 I have made a return of approximately 9.87% in the stock market. This return is what I have made in only two weeks and when compared to the annual rate of a CD account at Bank of America of 5.10% APY. When Bank of America’s rate is converted to a two week timeframe, you only earn a 0.00196% return on your investment. [...]
October 1st, 2007 at 3:32 pm