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End of Month Updates

March 2nd, 2021 at 04:53 pm

Got my second dose of the vaccine a few days ago. Contrary to expectations, I didn't have any diffiuclt symptoms following either of the doses. I can now finally go and visit my sister. She also has got both doses, but no one else in her family has, so I wanted to make sure that I was fully vaccinated before I go there.

February started out good as far as investments go, but was brutal in the last few days with a downturn in the market. The returns on my investments were down a bit, but they have rallied in first few days of March. I also purchased my first ever options. I have a way to go before they expire. They're already in the green and it's a company I feel really good about, so I hope to make a good bit on them.

The value of my house seems to be skyrocketing. I live in what used to be one of the nicer but still affordable parts of town, but it is rapidly turning into a nice and somewhat unaffordable place to buy. I am glad I bought my house when I did. In the last month, it appreciated by $14k.

NW: $265,320.45

Bought some GME

February 1st, 2021 at 05:32 pm

After some consideration, I bought four shares of GME at $250 each. If I had bought back in December when I first considered it, this would have been closer to a 100 shares. Of course, hindsight is 20/20.

Over the last week, I have grown increasingly disheartened by the way the market is being manipulated by the billionaires and the hedge funds. It's been encouraging to see politicians from both sides of the aisle come out in support of retail investors. It has been astonishing seeing Robinhood go to pieces over their role in the market manipulation. It is sickening to watch billionaires and hedge funds be up in arms when the little man profits from exactly what they have been doing all these years. Two rules - one for the rich and one for the poor. They think their bets count and ours don't?

So, I say: screw them. This feels like a movement - even if it is short lived. I am going to be part of the movement. So, I bought my four shares this morning. I am not sure what is going to happen with the stock. My decision to buy was more emotional than anything else. It'll be a fun ride at the very least. I won't break the bank with this amount invested in the stock. And hopefully I will come out of it with a little bit of Melvin and Citron's cash.

Reallocated Some Savings

December 7th, 2020 at 09:58 pm

I mentioned before that I had about $8k more than I needed in my Ally savings account (which I use as my EF). So, this week I ended up moving it to my brokerage account and buying more index funds. Wish I had done this at the beginning of November so I could have benefitted from the markets rising. Oh well...

This leaves my EF at $20k which will pay for 6 months of expenses including mortgage payments.