Feeling good about making a trade outside of an index fund with my IRA I decided to take a few more positions. Within my IRA I sold 72.685 shares of PRGFX for a total of $5,000.00. Mutual fund sales can only be executed at the end of a trading day, so I set the sale to happen and it was completed by the next morning.
With the “cash” from the sale of PRGFX, I decided to make two stock picks.
First Lumber Liquidators (LL), which I had already taken a position in my brokerage account, had done well and I believed there was a potential for it to make more gains based on its history of trading for more than $100 per share only a few years ago. I bought 71 shares of LL for $35.13 per share for a total cost of $2,501.18.
Second Nintendo Co., Ltd. (NTDOY) which had recently released the Switch ahead of the Christmas selling season. My goal is to hold this until after holiday sales reports come in next year. I bought 51 shares for $47.50 each for a total cost of $2,429.45.
Follow this Blog!
Subscribe to receive the latest blog posts and trades by email.