A million bucks by 35 (December 09) |

You must first be a student before you can teach

I didn’t write on my million dollar plan in November. There were not a lot of changes in my portfolio other than First Solar which continued to plunder along with the market. But this month, there have been other changes; some are negative and some are positive. In a volitle market like this it is expected. The most significant negative change however continues to be First Solar. See this post for more information and how First Solar came to be a part of my portfolio in the first place.

Changes

Although buying First Solar was a big mistake because that market sector has not being doing well in the first place, if the old rule holds correct (if everyone is jumping off it doesn’t mean the ship is sinking), it could however turn around and be a nice payday even though the share quantity is small. On the bright side,
EEP has been doing well. It has risen from $48 to $51; that’s an 8% increase.
Adhering to one of the basic rules of investing (if it’s a good company, and it’s stock falls, buy, buy, buy) I also bought 25 more shares of VGR as it also dropped with First Solar. Always remember, when the price falls, buy, when it rises, hold. One of my rule is to buy when a stock falls $1 or more. I make more money when I stick to this pattern and less when I don’t. Click on the picture below to see more changes, I have highlighted them in red.

Make your own rules

Own your future. Develope a pattern and stick to it as much as possible when investing. The biggest friend you can make when it comes to investing is a friend named “Patience”. Be patient and slowly grow your money. I follow these rules.

If it drops $1 or more, buy
Fund account once or twice a month to build cash reserve and buying power
Be patient, be patient, be patient
If something is hot, get in for the short term but be cautious; knowledge is power(aggressive investers only)
Read about the companies you own
Diversify your portfolio

Other changes

Here is my dividend break down for the month. The negative$14 is what I paid in margin interest to my broker. But even after paying this interest, I still came out on the positive side after calculating my dividend payments. See the pic below.