As I mentioned several times in previous posts(here, here and here), I decided to sell my RJR positions acquired on March 18, 2003 (as Trade #24) this month to log a long-term capital gain. I just did that this morning by selling the 100 shares at $58.02 apiece. After commission and SEC fee of $11.22, the net proceeds is $5,790.78. Adding dividends of $380 throughout the year and comparing to the cost basis of $3,374.99, the roundtrip represents an ROI of 83%. (ARR is close to 83% too because I held the position only a few days longer than the required 366 days tobe eligible for long-term capital gain treatment.)
I saw this move as another step toward a move defensive portfolio. The current net worth of my actively managed accounts is less than $30,000 now, including 21% of net worth investing in bearish put options in MSFT and QQQ. While I might consider some pruning in my OCA positions, I am quite comfortable with my current holdings.
Also, after I claim the final installment of RJR dividend in early April, I will close my AmeriTrade account. As a background, I opened the account in early 2003 to take advantage of a $75 account bonus offer and the decision paid off quite well. The $75 cash bonus offer is still available thru http://www.ameritrade.com/75/. (Disclousre: I earn no referral fee if you try out this offer. However, I will appreciate if you try out some sponsors thru the Google Ads too.)
TRADE #41 - Buy WDMG (QQQ Jan 06 $33 Put) 200s @ $3.00 in Roth IRA(April 15, 2004)
I made another round of bearish investment this morning and got 2 contracts of WDMG (QQQ Jan 06 $33 Put) in my Roth IRA account at $3.00/share. Thanks to a commission charge of $23.50. My actual cost basis is around $3.12/share. Believe me, I never ... Read
TRADE #40 - Sell OCA 500s @ $8.65 in Roth IRA(April 06, 2004)
To capitalize the multi-week runup of OCA and mitigate my portfolio's significant exposure on a single issue, I sold 500 shares in my Roth IRA account at $8.65 apiece. I still hold 1,000 shares of OCA in my Datek account. Read
TRADE #37 - Buy TALK 290s @ $10.36 in Roth IRA(February 03, 2004)
I just purchased 290 shares of Talk (Talk America Holdings Inc.) in my Roth IRA account for $10.36 apiece, plus a commission of $14.95. I first got to know TALK from Motley Fool Hidden Gems newsletter. This newsletter applies a value-oriented to dig out deeply ... Read
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