Friday, July 22, 2005
Weekly wrap-up, $25,000 cash deposit, and ZEUS
Today was another strong day as my portfolio gained about $4,500 to finish the week up $11,471 (2.5 percent), outperforming the NASDAQ (up 1.1 percent), the S&P 500 (up 0.5 percent), and the Russell 2000 (up 1.8 percent).
I also deposited $25,000 that I have saved up from work over the past year into my Ameritrade account. I figure that it's better to put that cash into my investment portfolio because at least it will earn a slightly higher interest rate than what I get my checking account at my local bank. However, as a result of this deposit, I now have over $80,000 in idle cash in my investment portfolio. This will make it a bit tougher for me to continue to outperform the indices as long as the markets keep going up. Needless to say, I calculate my returns on a net basis, so cash withdrawals and deposits into my investment portfolio do not have any impact on the "results" column on the left of this blog.
Finally, I added ZEUS to my "Good news bear" portfolio. This marks the first time that I have added a stock to this experimental portfolio. Smith Barney upgraded the whole steel sector this morning, and considering how beaten down steel stocks have been recently, I think ZEUS could make a strong move to the upside next week. I bought a bunch of shares at $15.20.
I also deposited $25,000 that I have saved up from work over the past year into my Ameritrade account. I figure that it's better to put that cash into my investment portfolio because at least it will earn a slightly higher interest rate than what I get my checking account at my local bank. However, as a result of this deposit, I now have over $80,000 in idle cash in my investment portfolio. This will make it a bit tougher for me to continue to outperform the indices as long as the markets keep going up. Needless to say, I calculate my returns on a net basis, so cash withdrawals and deposits into my investment portfolio do not have any impact on the "results" column on the left of this blog.
Finally, I added ZEUS to my "Good news bear" portfolio. This marks the first time that I have added a stock to this experimental portfolio. Smith Barney upgraded the whole steel sector this morning, and considering how beaten down steel stocks have been recently, I think ZEUS could make a strong move to the upside next week. I bought a bunch of shares at $15.20.
# posted by Stockcoach @ 7:15 PM 
Comments:
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ZEUS has an extremely attractive chart.. coming out of a bottoming pattern and back above the 50 DMA. Thanks for pointing this one out.
Great blog, and great call on GOOG! Keep it up.
Great blog, and great call on GOOG! Keep it up.
# posted by 
: 10:28 PM, July 22, 2005
: 10:28 PM, July 22, 2005
Do you pay taxes on your earnings from your salary as well? Or do you plan on making a withdrawl around tax time?
# posted by : 6:48 PM, July 25, 2005
: 6:48 PM, July 25, 2005
I usually save enough money from my paycheck to pay all my taxes on capital gains (which unfortuantely tend to be higher than I would like since many of the gains are short-term).
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