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My work history involves over 20 years of management in the Service Industry, 15 of which was as General Manager of a national casual dining establishment. My store did approx $3M a year in sales, and was located in the French Quarter, New Orleans, LA. Married for a little over 9 years, and proud PaPa of an awesome 6 yr old son!! We were affected by Katrina in a bad way, but first, the year before I had a lifting injury to my lower back. After a little more than a year on pain pills, and non invasive treatment, my injury required surgery, a back surgery. When I returned to work, 2 days later, Hurricane Katrina hit dumping 17 ft of water in my store, effectively closing me Dow n for business for over 8 months, during this
time, my back surgery had proven to be non effective if not actually making things a little worse for me. I also failed to mention that my wife and I had bought our "Dream Home" about 3 months before the surgery. It was sold about 3 months after Katrina, with no job, a broken city, and a slight increase in my homes value made it a necessity. Over the next few years, my wife worked part time while going to college full time to finish up her Computer Engineering degree, I sat at home and blew though the over 63K in savings, and 12K (1/4 of my IRA) just to survive. Had to finally go on permanent disability at the ripe old age of 37! Now, 5 years later, we are not struggling so much, my wife has about a year left for her degree, and I have finally smartened up a bit concerning the markets (Thank God)! I have been studying investing and market strategies over the past couple of years, and dribbled with $20 here and there for about as long. I studied a bunch of stocks and companies, and 1 in particular has had my attention for the past 5 years when I bought my 1st shares of stock ever. As a matter of fact, I purchased exactly 4 shares of Repros Therapeutics $RPRX at the time for a little over $1.40 a share. Those 4 stocks, I still own today in my sons ESA, they are valued at a little over $77 today. So finally after getting completely out of debt (credit card, car loan, etc..) I TOOK THE PLUNGE! I took my entire $3500 income tax check, and deposited it into my general investing account over at the former ING - Sharebuilder!!! Well, I would be lying if I said I didn't invest most of that, plus part of the margin on that 1 stock! Bought in at about $8.?? A share, and the rest of the margin, I bought into big companies such as CSCO, KO, INTC, ETC... using what I had learned over the past few years studying and trading with paper money. Now, 3 months later, thanks to RPRX, and Sharebuilder for the margin, my account has a total value of a little over $13,500, with a net of right over $7200! Yep, that's about a 105% gain in 3 months. I'd like to think I did the right thing by taking some of the profits and re-distributing them. But, I guess that will all be in the learning curve. I do admit that I know this will probably not happen often, but it did happen due to my persistency and research into the companies that I put my money into. I also strategized a exit plan from the beginning, I am also not nieve enough to think that these profits will just continue to grow exponentially! So that's me, that's where I am at, I like to think of myself as a Day Trader in Training, lol. But I am far from a trader, and DO NOT want to take anything from anyone that does this professionally for a living, and has had proper education and training such that this is one of the hardest careers to maintain. Especially for the "new" investor. I am always open to suggestions, and love to talk shop, so hit me up if there is anything that I can tell you, or share, or that you can share with me! Knowledge is king! BTW, I was hoping to double my money in the first year, but since I've done this already, I've set a new goal of 20% of my total (including my margin acct) so about another $2700 over the next 8 months is what I am now shooting for, or a total acct balance of $16K
Commodities, Dividend stock ideas & income, ETFs, Energy stocks, Foreign stocks, Options, REITs, Stocks - long, Stocks - short, Tech stocks
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Stacking G's over here!! $
Is going off the hook today!!! Bought long into $
3 months ago @$8!! Year high $19.19 now!
Apr 18, 2013
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