At the start of 2013 I began an exercise in stock market investment. I selected four stocks that I thought would do well this year and “bought” $5000 worth of shares amongst the group. Unfortunately my imaginary investment instantly lost money and I was stopped out by the summer. Knowing when to take a loss is important part of investing, but in this case it seems to have been the wrong move as well. As the year comes to an end, let’s see where things stand.
- ishares Silver Trust(SLV) – Purchase Price: $29.48, number of shares 42. Current Price: $21.10 a Loss of $356.16
- Cablevision(CVC) – Purchase Price $15.05, number of shares 82. Current Price: $15.55 a Gain of $41.00
- Alpha Natural Resources(ANR) – Purchase Price $10.28, number of shares 117. Current Price: $7.00 a Loss of $383.76
- FaceBook(FB) – Purchase Price $29.22, number of shares 42. Current Price: $50.21 a Gain of $881.53
A profit of $182.61, not bad. It’s quite possible I could have done much better with peer to peer lending. Perhaps the last two months of the year will change that equation. I will keep you posted.