The PiggyBankBuilder Portfolio Challenge – The July Slide

It’s bad, it doesn’t show any signs of getting better. Here are my results:

  • Krogers (KR) – Purchase price – $63.53, number of shares 46. Current Price: $38.72  a gain of $319.70
  • Microsoft (MSFT) – Purchase price $46.76, number of 32. Current Price: $46.62, a loss of $4.48
  • iShares Silver Trust (SLV) – Purchase price $15.11, number of shares 99. Current Price: $13.99 a loss of $110.88
  • BlackBerry (BBRY) - Purchase price $10.82, number of shares 138, Current Price $7.66 a loss of $436.08

I’m slightly less red, down $231.74. QuestionWhile my portfolio recovered a small amount my confidence in this market is waining. All the news that I read is bad, all of the earnings I see are misses. A great case for another recession could be convincingly and easily made to me. I am trying to maintain a level head, but sometimes the sky is falling. Is this one of those times? I suspect that time will tell.

 

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

Leave a Comment

Filed under Intro