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The first month of this challenge is now over. Looking at the numbers, I’m happy to say I was able to add $762.81 to my investment account. This is $37.81 more than what the challenge was going to have me saving showing me that I will be able to far beyond surpass this challenge. For week six I had $150 to buy stocks. At the moment, I didn’t really see anything new… Read More
My 10k Saving Challenge, has me saving $300 in week five, in which I am investing the biggest amount of money so far. My mindset this week was as followed: I could buy or increase my positions in cheaper stocks so I could get more volume from this $300 or, I could add more pricey stocks that in previous weeks would have been out of budget. In the end I did a… Read More
In week four of this 10k Saving Challenge, I am saving $150. This week I’m back up to $150 giving me a good amount of money to invest with. Upon inventory of my portfolio, I noticed I didn’t have many stocks that paid me monthly. At current, I only have Main Street Capital Corp (NYSE: MAIN). It’s a small cap value stock in the capital market, yet pays a high dividend yield… Read More
In week three of the 10K Saving Challenge, I am saving $75. Seventy-five dollars is significantly less than last weeks $150, but I was still going to try to make the most out of it. In checking my sector allocation, I found that my health care sector was low, so I started looking at Pfizer Inc. (NYSE: PFE). Being that it is in pharmaceuticals and with the COVID-19 vaccine going around, I… Read More
What is inflation? Inflation is the decline of buying power of any given currency over time. Remember that candy that you used to get for .50 cents when you were a kid? Well, remember that same candy now, only smaller and costing $1.00. That is inflation! The optimal inflation rate is considered to be around 2%, but a lot of countries try to target +/-1 of that 2%. The main point is that… Read More
In week two of this 10K Saving Challenge, I am saving $150. This week I have a bit more money to play with, giving me a chance to see which new stocks I can add to my portfolio. I was looking at my allocation in different sectors for my portfolio and found that I need to increase my utilities and information technology sectors in order to make it more diverse. I wanted to… Read More
In this 10K Saving Challenge week, one has me saving $50. Looking at the stocks I own it was hard to pick which stock I wanted to put those $50 into. I was also playing with the idea of adding new stocks to my account. After some time, looking at stock profile after stock profile, I felt it was best for me to increase my position in AT&T (NYSE:T). There were a lot… Read More
This is update number two on my dividend account. This year, as many of you know was not an easy time to do anything for anyone. With the idea of income being lost from losing a job or a drop in business, I felt that I was unable to add as much as I wanted to this account. However, I did increase my account size. I was able to go from 12 stock holding… Read More
This will be my very first update on my dividend account. It’s still very new and small but I’m thrilled to say that i’ve made $7.66 on an account that started with only $1,093.6. Taken at face value, numbers like that don’t sound like anything nowadays because if you do the math it comes out to be around .007%. Regardless, that coupled with the market gains of all my shares makes for… Read More
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