Nearly two months of 2014 have past and our investment exercise is moving right along. For those of you who might not be familiar, I am conducting an exercise to demonstrate the wealth building potential of stock investment. I have taken 5000 fictitious dollars and bought various fake shares in four real companies. Here are the results of that decision:
- Market Vectors Oil Services ETF (OIH) – Purchase Price – $47.98, number of shares 26. Current Price: $47.87, a loss of $2.86
- Cablevision (CVC) – Purchase price – $17.96, number of shares 68. Current Price: $16.41, a loss of $105.40
- Microsoft (MSFT) – Purchase price $37.47, number of 33. Current Price: $37.75, a gain of $9.24
- iShares Silver Trust (SLV) – Purchase Price $18.92, number of shares 66. Current Price: $21.00, a gain of $137.28
So two months in and I am up $38.26. Not too shabby, especially when you consider how choppy the market has been recently. I still think oil prices will rise going into the summer(OIH). With Time Warner and Comcast merging I think Cablevision is a great buyout candidate and should help its stock. Even though I was wrong about Microsofts CEO I like their selection and see blue sky a head for them. And with all the conflict and uncertainty in the world I could easily see silver rise back up to 30-40 dollars and ounce. So far, I give this experiment an A.
*Please not that I am not and investment advisor.Please consult your investment advisors before making any financial decisions that could result in loss.