Aloha Investors!
I could not believe how good tech stocks did this week. If you bought NVDA from my last blog post, then I congratulate you on a well-earned investment. I know NVDA is very pricey for most people, and I understand that $790 a share is expensive for most investors, but if you can afford the hefty price for NVDA then I hope you do buy more. I am not going to beat around the bush, but I do believe that NVDA is overbought because of the hype about AI. I do not plan to purchase anymore NVDA until it goes down or splits which will allow the small investors to purchase shares. If you have not read about it in the news or did your research, the other tech companies are starting to build their own GPUs which will cut NVDAs profits eventually. This is just something to consider when investing in NVDA. I always look for undervalued stock to buy while everyone is hyping about a certain stock. The reason is everyone starts to sell other stocks to get on the hype train which lowers the stock price of other stocks. If you have a chance to take a look at Yahoo Finance, analysts already are predicting the sales growth of NVDA to drop in 2025-2026. I am not saying NVDA is a bad investment, but the stock will start slowing down due to competition. I would start looking for undervalued stock like Google and Amazon because that is when it will start going up. Right now, no one is really paying attention to Google and Amazon, but it is slowly going up. If you have extra cash and want to eventually make a promising investment, then I would buy before it starts to go over $200 a share.
This paycheck I was able to grab two shares of Apple and one share of VOO. These two stocks will be my go-to this year until I reach my goals.
Current Goal:
1000 shares of Apple Inc. (AAPL)
100 shares of Vanguard S&P 500 ETF (VOO)
Future Goal:
100 shares of Alphabet Inc. (GOOGL)
100 shares of Amazon.com, Inc. (AMZN)
If NVDA does split and their statistics, growth, and PEG ratio looks good. I will consider purchasing shares, but right now the current price is not right for me. I would rather purchase five shares of Google than one share of NVDA.
My Investments for Friday, February 23, 2024
Combined Value of – $280,939.85
Apple Savings Account (4.50% APY) – $837.15
Individual Stock Account – $156,604.28
Starting buying power: $446.32
Buying power remaining: $80.53
Apple (AAPL) – Purchased 2 shares
Price per share – $182.894 = $365.79
Dividends for February
Qualified Dividend Apple Inc. (AAPL) – $183.12
Dividend Reinvestment (DRIP) – Bought 1.0035 AAPL @ 182.4897
Roth IRA – $92,283.17
Starting buying power: $600.14
Buying power remaining: $132.39
Vanguard S&P 500 ETF (VOO) – Purchased 1 share
Price per Share – $467.75 = $467.75
Dividends for February
No dividend payouts for February as of 02/23/2024
Traditional IRA – $31,215.25
Starting buying power: $178.35
Buying power remaining: $178.35
No shares bought at this time
Next investment: 03/08/2024
Dividends for February
Qualified Dividend Apple Inc. (AAPL) – $40.80
No Dividend Reinvestment (DRIP)
It’s Never Too Late To Start Investing!