Buy And Hold account:

Buy And Hold Roth IRA account:

Posted by Rob in Portfolio on April 27th, 2005 | No Comments

I owed a little less than what I though on my credit card: $3662. I already sent in a payment of $200, so I stuck aside $3462 to pay it off. I stuck aside another $600 to pay my CPA. And my payment from Amazon was $5089. I wanted to buy $500 worth Carnival Cruise Lines. I debated about how much to put into Amazon.com (AMZN). I thought about $500, or maybe $250 and put $250 into something else. I couldn’t decide on what else. I looked at Honda Motor Corp (HMC), and Lowes (LOW), and Target (TGT). But I decided to stick the $500 into Amazon. With the drastic price drop, I don’t think their earnings are as bad as people seem to think. They got hit was a tax charge that dropped their profits. Their revenue was actually up quite a bit. Also, the money CAME from Amazon, so I am just investing it back into the company. So I put orders in for $500 worth of CCL and $500 worth of Amazon. The purchase will be in the 10am window, so hopefully AMZN is still down, or maybe goes lower. I think it is a good long term purchase.

Posted by Rob in Transactions on April 27th, 2005 | No Comments

My $5000 direct deposit still hasn’t shown up yet. Hopefully today. I think someone else gots their’s this morning. I saw that Amazon (AMZN) dropped 2.45% during the day yesterday which is slightly more than most of the rest of the stocks dropped (the whole market tanked). But it also dropped 3.55% after hours. They apparently missed earnings estimates by a few cents. If I get my payment this morning, I may buy some more shares. I am also looking at buying some more Carnival Cruise Lines (CCL).

Posted by Rob in Getting Rich on April 27th, 2005 | No Comments

I haven’t got my $5000 deposit yet, but I expect to get it sometime today. Meanwhile, I deposited a $117 check I got from Washington State after finding myself listed in unclaimed property. I had some money in my account already, so I decided to buy $250 worth ($247.01 + $2.99 fee) of eBay (EBAY). I decided to go with eBay because I kept thinking that in 10 years, which is most likely to be a leader in their industry: eBay or Google? eBay seemed to be the better choice. eBay has little in the way of competition in their market and has easily survived competitor’s attempts to enter the market they created. Where Google has strong competitors vying for thier spot as the search engine leader. And one of those is Microsoft which has a nasty habit of getting what they want. eBay is also close to their 52 week low, while Google has been going up in recent days.
If I get my $5000 deposit today, I may buy something else, or I may wait until tomorrow. I may put some more into some of the stocks I own such as Carnival Cruise Lines (CCL), or I may look at a couple others. Maybe Target (TGT), or maybe Lowes (LOW). I don’t know yet.

Posted by Rob in Transactions on April 26th, 2005 | No Comments

I should be getting a check from Amazon for about $5000 anytime now. I am going to pay $3700 towards my credit card to bring the balance to $0! Woo Hoo!!! I owe my CPA $600 for doing my taxes (includes some stuff for my Mom’s estate). That’ll leave me with about $700 to invest. I have been looking at both eBay and Google because I use both regularly and had made money from both. eBay by selling stuff, and Google from Google Adsense, and by the traffic they bring to my sites for people to buy other stuff. The numbers are intesting. Both have pretty high PEs, but Google’s is higher. The forward PEs are both pretty closer. Google’s future earning’s estimates are higher. But as I look at the companys themselves, I think that eBay has been around longer, and has weathered competition from Yahoo Auctions, and Amazon Auctions, and wasn’t even touched. They only got stronger. Google on the other hand faced more serious threat from competition. Even Microsoft is gunning for them. Before I used Google, I used Alta Vista, and where are they now? Another thing to consider is that this page has been up for over a month and a half. Google has visted it a few times, but has yet to include it in their index. Even the guy who’s blog overwrote mine has his site index in Google. My only guess is that maybe Google visited during the few days when my page was down due to being overwritten. I am not sure. If I think about which company most likely will still be going strong in 10 years, the nod has to go to eBay. So at this point I am leaning to buying eBay, or buying eBay and small position in Google.

Posted by Rob in Getting Rich on April 26th, 2005 | 1 Comment