As a new feature, I’m going to begin tracking my investments "In the open." It is a good time to do so, since I’m about to rollover a 401K into an IRA, and I’m starting a new 401K at my new job.
I’ll skip the history for the 401K I am about to rollover, and note the cash and its investments in next month’s post. It should be great fun to spend all that money on new acquisitions. OK, I have a strange sense of fun. I admit it.
Investment/Speculation Account
Purchased 100 shares at $11.38 last month. Performance to date: -7.14%.
I purchased just before the shareholder meeting, sure that Audible would finally declare a profit. The company is solid, it has no debt, and it has the most popular podcast in the world. Where’s the money? Oh well, it isn’t going anywhere for a while, and I’ll just hold it, possibly buying another block if it dips to $9.
My IRA
Purchased at an average price of $5.27 last year. Performance to date: +56.69%.
I am a believer in this stock. They make abuse-resistant oxycodone, basically. Everything is still in FDA approval, and that is frustrating. Yet I believe. I expect it to be acquired by King sometime this year for $12-15 per share, making it a nice two or three-bagger.
Purchased $1000 last year. Performance to date: +29.65%
I think the international sector will outperform the U.S. for the near future. So far my belief has really paid off.
My Wife’s IRA (which I manage)
DODFX – Dodge & Cox International. Value: $1992.
Purchased $1500 last year. Performance to date: +35.75
Again, international is kicking butt for me.
I don’t know about vonage. Here’s my theory:
Even though they stress in ads that it is easy, my grandparents are not going to get Vonage. They don’t want anything to do with wires plus they don’t have broadband. However, they have recently dropped their traditional long distance and now are only using their cell phone for LD.
My generation, the 20 somethings, are already using their cellphone for LD. In my house, with 3 other house mates, we don’t even have a local phone.
I simply do not see a growth market for vonage. Call phones are saturating the U.S. and they continually offer more minutes for less $. I use ~600 LD minutes a month, but they are all on my cellphone and a significant # of those are on nights or weekends. (unlimited minutes free).
Thank You