October 10, 2007
Interested in investing in some mutual funds? Don’t know where to start or what all the different terms mean? Here’s a quick guide to the different kinds of mutual funds, what, if any, fees are associated with them and of what kinds to steer clear.
Here’s the general idea with mutual funds.
A mutual fund is a collection of individual stocks. This gives you ownership of a small fraction of each of the stocks in the fund. You get instant diversification even if you only buy one fund. (more…)
September 24, 2007
Whilst continuing research on my current stock, I came across a very good article that articulates what I mentioned in a previous post. Here is a prime example of how to continue learning and following the company in which you’ve invested.
Riding the High Road at Coach. This article validated my gut feeling and confidence that I have with this stock. With the opening of a flagship store in Japan and brand extension, Coach took off in 2006. Their continued sales growth can also be attributed to their Global Business Integrity Program, informing employees and partners of their expectations. With a renewed focus, the Supplier Selection Guidelines were developed as a set of stringent guidelines (more…)
September 18, 2007
It’s a shame, really. I should have stuck to my guns. I’m typically a very good, goal-oriented person, and yet I gave into the moment. In an anxious fit, I bought even though it wasn’t at my goal price. What I’ve learned since, is that two days later on August 29th, the COH stock went back down to $40! If I had only exercised a little more patience and strictly adhered to my father’s advice I would have wound up with more shares and reached my goal sell price sooner! (more…)
September 17, 2007
Alright, with my first order under my belt I’m prepared to make my next purchase. I continued to watch hourly Thursday and Friday. There were similar fluctuations going up to $45. Which was good news for my 50 stocks but I was still interested in buying 50 more. Then on Monday, August 27 it dropped to $43.00. Still not my goal but the lowest I’d seen it in a few weeks. Since the price had changed and each share was costing me more I wasn’t able to buy as many as I originally planned. So this time I purchased 20 shares @ 43.00 plus $7 = $867. This second purchase I bought as a limit order. (more…)
September 14, 2007
As I began monitoring the COH (every 15 minutes I was refreshing the page), I was able to confirm my theory. I was watching between the hours of 11am and 2pm. I had a goal price in mind at which I wanted to buy. This also comes from my father’s advice. First, set your goal buy price, your goal return rate, and your goal sell price. Once you sell you walk away. Don’t look back and think if I had only waited longer I could have made x amount more. Just be content with the return you did get, especially if it met your goal. Now, there is a possibility of the stock plummeting. (more…)
