Portfolio Update 20130401

I have been inactive for so long in OptionsXpress, my choice of US-based online broker, that they have cancelled my account (and without informing me!). In this time and age, one would have thought an automated e-mail can be sent to the customer first, checking out if they want to keep their account, before killing said account. I can still track everything manually, so it is not really an issue, though.

QQQ Portfolio

Stock: US$82,764.00
Cash: US$61,141.85
Total: US$143,905.85
Benchmark Oct 2007: +13.40%

A sell signal flashed, so I sold off 100 shares, maintaining more ballast.

I have stopped following my other portfolios. The Sorry Portfolio should seriously be liquidated and a reset given to it. Without significant leverage, the FOREX portfolio is as sorry as the sorry portfolio. The system seriously likes something a bit more volatile, and so far QQQ has shown that aspect.

Comments

Post a Comment

Popular posts from this blog

Yet Another Collapse and the Beginning of BitCoin Mining

It all started when the NZ regulatory body withdrew the broking licence from the HYIP I was investing with , because their fixed income product (the HYIP I was investing with) does not fit into the broking licence's regulations. The HYIP's banking accounts got frozen later, resulting in their inability to repay their investors. I have been through something similar with my own private investment fund, as I become aware of regulatory hurdles that I would have to cross when I reach a certain size, and how banking bodies would start to check on me (ostensibly under money-laundering laws) when the money coming in from broking houses become larger. My fund closed before I could ever reach that stage, and so I watched with bemusement as anger and frustration built up within the Telegram investment group I was in, over being "scammed" by this HYIP. I moved instead into BitCoin mining, and my USD599 investment into the mining pool (whose mining equipment is in Iceland) in la...
Read more

The End of an Investment Cycle

It has been nearly a year since I last invested for a monthly return of about 8% each month. The company just reminded me that my yearly investment cycle (the contract locks my investment for a year) is up, and I should choose either to renew at a returns of 3% less each month (about 7% after calculating for FOREX) or to withdraw and to start a new contract for a one time fee of 3% of the investment of USD1000. I thought the math was very straightforward and somewhat of a no-brainer. I have chosen to withdraw and to start a new contract. The other HYIP I have started (which I have expressed doubt in my previous post ) has collapsed. There is a reason why I only invest a tiny amount for such HYIP. After this episode, I have told myself not to invest any more into any HYIP where the leverage just does not work out, or where the outlay is so ridiculously low (USD10, anyone?) that it being a money game is just so clear. I have to learn to listen to my hunches when it comes to investments. ...
Read more

The First Profit

The USD1000 I wired into the FOREX-based HYIP has already paid out its first 11% (12% less 1% maintenance) monthly bonus (of the USD1000) promised to me. I drew out USD125 via the Introducing Broker, which gives me plenty of convenience but whose rates are, well, 1.6 to the SGD (ouch). This HYIP has so far been sustainable, helped by the fact that the company is registered and licenced in New Zealand for their business (rather than just a web front). I shall continue to report on this. If you are interested to find out more, you can get in touch with me too.
Read more