This blog is intended to document my evolving stock trading strategy. Also, this is a way to let my wife know what the hell I'm doing with the money that she could be using for toenail polish and sushi. And finally, if the results are not too embarrassing....perhaps I'll share this with others who may want to offer me advice or incorporate elements of my strategy into their own trading.
June was another interesting month that confirms that old adage "sell in May and go away." I realized no gains through stock sales and turned slightly more negative for unrealized gain. However, I had the most substantial dividend month to date.
I've continued to buy-in to the downward trend which might be good as thing have potentially bottomed out with Greece and the EU seeming to have put their house in order. This is evidenced by the four session bull run over the last week. But I remain only 80% invested, so I can buy in more if things continue their downward slide.
Sales this month:
None.
Current holdings and unrealized gains/losses are as follows. Note new holdings of Universal Corporation and Intel Corporation.
The following dividends were collected. In dollar terms, this is the biggest dividend month to date.
Entergy Corporation
Intel Corporation (from previously sold holdings, not from new purchase)
June has been no better than late May. Unrealized losses continue to pile up, as the market finished the sixth down week in a row. But there is a ray of sunshine. I've been able to buy in on a few stocks at good prices. While these shares have continued to drop, I still feel good about my buy-in prices and am hopeful that I'll be able to profit from these in the near future. Another positive note is that June is a good dividend month for most of my holdings, so I should have something to show at the end of the month.
