The Stock Market Project- Month 2

It’s February! I get another $200 to throw at the stock market. This is exciting and depressing. You see, I’ve been reading some things about Amazon that I really like, so I’d like to be able to buy some Amazon stock, but it’s currently going for over $260/share. I don’t have enough to buy even one tiny bit.

In addition, in talking to some friends who work in the game industry, I decided that it would be a good idea to invest in a local mobile game company that happens to be publicly traded (not very many are). Glu Mobile (Nasdaq, GLUU), is only $2.29/share. For $209.97 (counting the money left over from Janunary), I could buy quite a bit of GLUU.

I decided to compromise. I bought 20 shares of GLUU and I’m saving the rest of the money for next month, so that I can afford to buy one, single, lonely share of Amazon. I still charged myself the $9.99 transaction fee, so I spend $55.79 this month and have $154.18 waiting to go toward my Amazon purchase next month.

 

Now that you know how I have spent this month’s allotment, I bet you are wondering how the stocks I bought last month- Lenovo, EA, Barnes & Noble, and ZipCar are doing. Would you believe that they all went up. Not by a whole lot, but by enough that as a group, they have now paid for the transaction fees to buy each stock. I am up (pure stock price) by over $52.

Stock Shares Buy Price Buy Value Transaction Cost Current Price Current Value Profit/(Loss)
LNVGY 5         19.22         96.10           9.99         22.96      114.80 8.71
EA 9         13.77      123.93           9.99         16.87      151.83 17.91
BKS 9         13.40      120.60           9.99         13.97      125.73 (4.86)
ZIP 9         12.16      109.44           9.99         12.24      110.16 (9.27)
GLUU 20           2.29         45.80           9.99           2.29         45.80 (9.99)
TOTAL  $  495.87  $  548.32  $       2.50

I need to be up by over $20 each for them have earned back their purchase transaction cost and cover the selling transaction cost, and I’m not there yet.  That, and I am in this for the long haul. Unless something major happens, I do not intend to “sell” any of my stocks this year. I want to track how well they do over the course of a year.

However, since we now have two moths worth of data, I was able to make chart!

stocksSo that’s the February update. Between trying to refinance the house and doing taxes, I haven’t had time to research any other online trading companies, so we’re sticking with e*trade prices for now.