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The week in review

Mike September 27, 2009 Life and what it throws you

I’ve been pretty busy this week so I haven’t made any posts. But I wanted to give a quick update on a few things going on, so I will just touch on them all quickly.

  • I took some photos for an upcoming article. I think people will enjoy this one.
  • Thanks to the advice from livingoffdividends.com, I bought some NLY stock the day before it announced it was increasing its dividend.
  • I survived my two midterms in my first semester in business school, getting an A and a B.
  • I started making the purchases for my father’s high dividend portfolio, but I will provide more details on that later.

And that’s about it. I have a bunch of homework to get done today, so I am going to get back to that now. Peace!

New Portfolio: Dividends to beat the bank

Mike September 13, 2009 Money and Business

In talking to my father the other day, he mentioned he had a large CD that was about to mature, and wanted to build a portfolio of stocks to beat the interest rate he was getting. There are two nice things about this portfolio.

  1. We get to start from scratch with a clean slate and pick whatever stocks we want to.
  2. We have a clear goal to work towards. (Beat 4% interest)

Continue Reading

How could I have forgotten Ford?

Mike July 23, 2009 Money and Business

I was reminded this morning, that when I went thru last week’s update on my stock holdings, that I left out one of the purchases that I had the most confidence in working out over the long run. Ford! I bought shares of Ford back on June 11th for a little bit under $6 dollars a share, and after a a nice earnings call this morning, they were up to almost $7. My horizon on this stock is much longer term, as I am hoping that they take this auto industry crisis as a turning stone in their business, and continue upwards to profitability, but the news is so far so good.

While I’m posting I might as well add some more info based on this quarter’s earnings reports so far. Continue Reading

My current financial holdings

Mike July 20, 2009 Money and Business

I’m not obligated by the SEC to declare what my holdings are, but I do enjoy doing it from time to time, just to track publicly how I am doing. I freely admit my losers when I have them, and try and state my winners ahead of time, so that I am on the record in favor of a stock BEFORE it runs up. It’s been a while since I’ve posted about stocks at all so I’ll just jump right in.