Some Play Money In The Market
All my real investments are managed professionally by someone I really trust and are doing very well, thank you very much. However, I also have some play money at eTrade where I get to play the bigshot dealer.
Over the past few years I’ve done pretty well with it, even though I’ve made some tragically bad decisions (err, you sold APPL at what price!?!).
A couple of months ago I got back into the game after having the cash languish in the money market and have been tracking it in Covestor, which is a lot of fun. I bought pretty deep into VMWare and Garmin.
So how am I doing? Well, VMWare is just outstanding and Garmin had a nice run-up, but got hit on the recent news that they’re looking at acquiring TeleAtlas. Personally, I think it can only be good for Garmin. Mind you, I love my TomTom GPS and you can pry it out of my cold, dead hands.
Anyhow, what do I know.
All I do know is that my little selection is up 35% since it’s inception and I’m walking all over the S&P500…
Note that I’m an idiot in the stock market. I’m sure that both of these will crash and burn and the only reasonable advice based on my record is to buy anything that I’m thinking of selling, because it will undoubtedly sky-rocket at that point.
0 TrackBacks
Listed below are links to blogs that reference this entry: Some Play Money In The Market.
TrackBack URL for this entry: http://www.steve-lacey.com/cgi-bin/mt/mt-bar.cgi/1073
Leave a comment