Seth Kinast’s Blog

My stocks hit their highest today since I’ve owned them. I sat down and figured out how much money I would have made depending on how I let it work over the last 2 months.

• Keeping my money in a checking account would have earned me $10 in interest.
• Keeping my money in a savings account would have earned me $35 in interest.
• Putting the money in the money market was a better option, earning a theoretical $100 in interest.
• Using Spyders (ticker: SPDR), which are an index to the S&P 500, is a very safe option, because in the long run the market does go up. Spyders would have earned $240.
• My stock picks so far have earned $427

The stock market isn’t as scary or intimidating, or even as foreign, as it once was, with the advent of electronic trading and discount brokerages. If you have money just lying around, it couldn’t hurt to put it in a value stock with slow but good returns!

My PMI stock jumped 5 percent in a single day, so I grabbed while the grabbing was good and closed out my position. Just last week the investing firms were all warning that PMI had peaked and was headed for a correction glad I waited!

I used the funds from the sale of the PMI to open positions in NTDOY and SSL. I just wish I could’ve gotten in on Nintendo earlier… 100% growth in under a year. But after playing Wii with my residents on Friday, I’m convinced Nintendo still has a lot of room to grow, because Wii is just way too cool. I still won’t be buying one anytime soon, though I just can’t justify the purchase of a game system when there are so many more important things to spend money on.