So I am going ahead with my plan to buy $100 worth of $1 scratch-off lottery tickets to test the averages. I will take pictures and tabulate the results by the end of this week.
My total net worth has slipped a little as my Ameritrade portfolio has been under some stress lately. These are all longterm holdings, so no selling is in sight (except maybe Syntel). Check it out:
Dynegy (DYN) – Just a few weeks ago I went up to a nice profit from a 25% loss, but it’s all slipping back now. This stock will be held onto for approx. 5 years.
Fortune Brands (FO) – Has steadily moved between a 6% and 11% gain since I bought it. I personally idolize this company for its diverse array of subsidiaries. Check out some of their well-known brands: Fortune Brands Website.
General Electric (GE) – A pretty stable stock that I plan to keep forever. I doubt this stock will go anywhere fast, up or down. It’s meant to be the “rock” of my portfolio.
Syntel (SYNT) – They are issuing a $1.50 per share dividend on March 31st which will add up to a nice $270 infusion into my account. If the stock hits above $25 I will sell. I have made money on this stock in the past.
Over the years I have finally taught myself to remove all emotion from stocks. Whether they are up or down for the day, I don’t even flinch. As I plan to hold these for many years, small changes no longer interest me. My heart used to speed up everytime I would log in to check my sotcks, I have finally developed a thick skin!