Last week was pretty cool! Most of my stocks were up significantly. This week they are dropping back down some, but over all I am still fairly well up.
I was just reading that some of my ETF funds will be splitting. Not sure what will happen yet. I have seen company stocks split, and then go up, but since the values of the ETF shares are based on the underlying stocks, which probably wont be splitting, I don’t expect anything to happen, other than I will have a larger number of shares at a lower value. Still, it will be cool to have a larger number of shares!
I am still keeping my out for investment ideas. After listening to one book on tape (I don’t remember which one), the author talked about buying boring companys. I started thinked, and storage places jumped into my head. They are pretty boring. I did a search and found Public Storage (PSA). The growth numbers weren’t anything special, but the price of the stock has been rising at a steady rate over it’s life. How does a 40% gain in a couple years sound? Sounds pretty good to me. So I amy buy some shares when I get some extra money. I ate at Panera Bread again today. I had the Frontega Chicken and the Brocholi Cheddar soup. These are very good. Much better than the Asiago Roast Beef sandwich, and the Caesar Salad that I had on my first visit. I may buy some shares in this place yet.
Google Adsense earnings have been doing really good this month. I added Adsense banners to some of my Amazon stores, and this is getting me some more clicks. My Amazon store sales have been down lately (before I even added the Adsense banners). I was concerned that the banners might be drawin people away from my stores, but looking at the small number of clicks, they are not lead too many people away, and money from clicks, versus money from clicks and then buying is a little easier. I am hoping the drop in Amazon sales is just a seasonal thing!
i am with you rob, goal is to have about 5 million by time i am 55 years got 15 more to go so i hope jim can help us all archive our goal
Comment by athur — May 30, 2005 @ 5:50 pm
People put way too much belief in Jim Cramer. I have watched his show a few times, but I am far from a follower. I think his followers are asking to lose their money. In fact my brother told me he bought 5 stocks that Jim recommended, and lost money of 4 our them. Personally, I try to read and study everything I can on investing. The philosophy that I have found that seems to fit the closest with mine is that of Peter Lynch. I also like the value investing philosophies of Benjamin Graham and Warren Buffett, but they are way too involved for me at this point. I try to concentrate on buying stocks in quality companies that I like and use. I also try to stick with companies that have growth estimates of 15% or higher for the next 5 years. That are not loaded with debt. That have a reasonable P/E. So far this has been working for me.
Comment by Rob — May 31, 2005 @ 5:34 am