As I shared the following recently with you -
Oh, I love AAPL. It provided me with my first $ignificant Milestone, and is about to do a repeat performance, so I am as they say, a "fan boy".
Talk about iCar can only help my portfolio even more.
And this with someone else -
I did not keep up with portfolio concentration, so AAPL is now 87% of my portfolio. The way I see it, is that with that much concentration, if there is a market correction of up to 40%, it won't affect me tremendously. My Avg. cost is 20.98, so I am up 545%, having started buying in Jan.2010.
Of course, with that much of a concentration, I do not have much left over for diversification.
My last trade was Nov.18, bought on MARGIN 3,000 @ $118.98 = $356,210. On 12/24, sold 2,750K @ $132.55 = $364,520 So I came out with +250 shares, and $8,310.00 before cost of margin, say $1,524.00 (356210 x 40 days @ 3.85%)
Looking forward to rinse and repeat, but will probably add other tech, next year.
Tried this in 2019, but HAL got the better of me.
Looking to add 5K ORCL tomorrow, hopefully under $65.00 then probably sell the $66 Jan15 options to cover margin, and collect my $1,200.00 divvy on the way out.
Happy new year to all, and a bright and covid free 2021.
saving nickels saving dimes
working till the sun don't shine
looking forward to happier times
1963, Roy Orbison - On Blue Bayou
