A Buck A Day!

These last few weeks have been a wild and crazy wild ending with a lot of pain for many people. I couldn't be happier!

I am only 24 years old and have many years to build a winning portfolio. I had a pretty good portfolio already with great stocks like GE, MSFT, MCD, AXP, KO, T, and BP. I had a few laggers like FNM (that I bought on the way down) and SIRI. I even made a small profit earlier last week, I had a small position in NAPS and BestBuy decided to buy them. I sold my shares for a nice little profit. If you notice most of my stocks have a nice dividend. Its like these stocks pay you to own them, I Love it!

I am in the process of selling some stocks that I think are unhealthy and I am purchasing more Great Stocks at a Huge bargain. I suggest that if you have a few hundred bucks somewhere to do some research and buy a great company in the bargain bin. Again, I really like dividend paying stocks here. I should be done buying next week and I can share with you what I did, and you can decide if I am a genius or a loser.

My 401K looks like crap but don't forget, I still have a lot of work left in me and everytime I get a check in this crummy market, I am getting shares at a discount thanks to my 401K. I had previously (6 months ago) moved most of my 401k distributions into safer areas like bonds. I actually got lucky there, but I'll take it. So I have lost considerably less then my co-workers. I now have 4 savings accounts. One in my 401k, at 2 credit unions, and on Paypal.

I think that we have seen the last of the major pain, the Stock market will still have some down days but not has severe as the last few sessions. One exception, if there is a huge rally I think that there will be a sell off the next day because people will use that time to get out of the market and take some profits. That is perfectly fine but it will make the stock market look volitile.

*Disclaimer I am not a trained professional. Please discuss all financial movements and stock purchases with your financial advisor.

Stock Term Defined:
ETF
A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold.