Today, September 30, 2010, I achieved a personal milestone: I earned $1,000 in a single investment. Last month, I piecemail bought 600 shares of BYD (Ticker: BYDDF) which is an acronym for "Build Your Dream", at an average price of $6.26. Well, dreams actually do come true! The stock has bolted up over the past month to $8.10 (as of this afternoon) which equates to a net gain of over $1,100!
For some more personal history, the first transaction that I earned $100 on took place in 2008 when I bought 300 shares of SemGroup Limited Partners, an oil and gas services company located in Oklahoma, and sold half my stake after it ran up 50%. I later sold my entire stake after it ran up to over 200% my initial investment.
In all likelihood, it will be a considerable amount of time (hopefully not) before I realize the next milestone -$10,000.
About Demand Equilibrium!'s author
- J. Daniel Wright
- I'm a budget analyst in Washington, D.C. This blog has a number of purposes: I use this blog to have a historical, electronic record of my financial/economic readings. Another purpose is to write about current economic, financial, investment, and market data while developing my writing style and voice. Finally, I try to spice it up by throwing in humorous cartoons, pictures, and haikus. I hope you enjoy.
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