The PiggyBankBuilder Portfolio May Progress Report

May is over and it’s time to take stock of the portfolio. Please keep in mind that this is an investing exercise for demonstration purposes. Here’s how we’ve done so far:  

  • Market Vectors Oil Services ETF (OIH) – Purchase Price – $47.98, number of shares 26. Current Price: $53.47, a gain of $142.74
  • Cablevision (CVC) – Purchase price – $17.96, number of shares 68. Current Price: $17.55, a loss of $27.88
  • Microsoft (MSFT) – Purchase price $37.47, number of 33. Current Price: $40.56, a gain of $101.97
  • iShares Silver Trust (SLV) – Purchase Price $18.92, number of shares 66. Current Price: $18.28, a loss of $42.24

A gain of $174.59 or about 3%. winningThis is very exciting for a few reasons. First off, at about this time last year I shut down the portfolio due to losses. I took what I learned form that exercise and made adjustments, they appear to be working. Secondly, three percent is way better than you would get from a bank account. 

Lastly I feel good going forward. I have read some very positive articles about Microsoft which lead me to believe that the public is excited about the stock. Also from a technical perspective the stock is trading at 10 years highs and could trade up to all time highs of around 58 dollars a share. I see room to grow and I am pleased.

Silver and Cablevision have turned around a bit and OIH is doing exceptionally well. Of course anything can happen, all we can do is wait and see. 

 

***Please not that I am not and investment advisor.Please consult your investment advisors before making any financial decisions that could result in loss.

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