Aloha Investors!
I know it is a little early but Happy Chinese New Year! My next blog will not be until the 23rd, so I thought I would celebrate it a little early.
Wow! It has been a crazy month for tech stocks due to the hype about AI. I cannot believe that some of the AI stocks have reached their record high. I am glad I was able to start my move towards the Magnificent 7. I do believe that there is undervalued stock in the Magnificent 7. One of those stocks is NVDA because when you look at the projected statistics for the next 5 years the stock itself looks really good. The growth rate for NVDA because of AI will increase as it becomes popular. Apple and a few other big named companies have already released that they will partake in the AI industry. If you have not checked out the new Apple vision pro, then I suggest you try out the demo in Apple stores or watch a few videos of people using the product. This product is just another step for technology. I believe that eventually all these big tech companies will bring out a product that will replace our cellphones and computers. If you have not made an initial investment in the tech industry, then consider investing in a diversified ETF or a good index fund. Just remember do not invest what you cannot afford to lose.
This paycheck I was able to buy more Apple shares to add to my existing amount. I am hoping to finish my goal of 1000 shares by the end of 2024. The reason I did not buy anything with my Roth IRA is because I am going to focus on buying VOO this year for the Roth IRA. VOO is an incredibly good ETF that diversifies in all different sectors, especially in the Magnificent 7.
I hope everyone has a wonderful weekend! Stay safe if you plan to watch the Superbowl this Sunday!
My Investments for Friday, February 9, 2024
Combined Value of – $284,006.67
Apple Savings Account (4.50% APY) – $737.15
Individual Stock Account – $160,868.43
Starting buying power: $614.00
Buying power remaining: $46.26
Apple (AAPL) – Purchased 3 shares
Price per share – $189.245 = $567.74
Dividends for February
No dividend payout for February as of 02/09/2024
Roth IRA – $90,199.89
Starting buying power: $331.10
Buying power remaining: $331.10
No shares bought at this time
Next investment: 02/23/2024
Dividends for February
No dividend payouts for February as of 02/09/2024
Traditional IRA – $32,201.20
Starting buying power: $137.50
Buying power remaining: $137.50
No shares bought at this time
Next investment: 02/23/2024
Dividends for February
No dividend payouts for February as of 02/09/2024
It’s Never Too Late To Start Investing!