My first few trades

Sunday, September 16, 2007

The first stock I purchased was Frontline Ltd(FRO). It is heaven-sent to the dividend investor. It pays out around $5-6 a share in dividends a year which adds up to a yeild of over 10%.


The last stock I bought was Apple. Although I am not yet an Apple computer user, their consumer electronics division still has major potential to grow in my opinion. Nobody has been able to match their user-friendly interfaces when it comes to these products. The iPod prices are dropping so much that it may be hard for others to compete, not to mention the touch interfaces. The current touch iPod are lacking in storage, but that should change very soon. I can see Apple trading above $200 a share in the next year or so.

I did a little research and bought a couple stocks in the past week. I bought BBW at around $15.50 and plan on riding it out until December when its sales will be at their best. The price is already up to $18.57, but I am gonna hold out for hopefully a higher return come the holiday season.

As far as Zecco goes, it was kind of a hassle getting everything set-up but that was mostly because of me not realizing I already opened an account earlier this year and creating a new account. The second account you create on Zecco is not eligible for free trades. I don't really have anything to compare Zecco to as far as online trading platforms, but for what I am trying to do, it seems to be working great! The trades seem to be going through quick; I haven't experienced any problems.

Posted by Andrew at 12:15 PM 0 comments  

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