About Me

Denise

"Develop a plan that is so amazing, so glowing, that you are willing to walk blurry-eyed to work everyday to make the money necessary to reach the light." Sparky

I'm a freelance journalist and crafter who dreams of starting my own business-- a hometown Tiki bar. I am a former New Orleans Bourbon Street bartender.

The tiki challenge: I must find creative new revenue streams, apart from my career.

**Five year tiki goal: $40,000**
**2009 Tiki fund goal: $2,500**
$2427.43 to go

**Total tiki money: $3,032.74**

***Savings Goals for 2009***
$10,000 into savings/ EF
$2,000 into 529 plan
$2,000 to Roth IRA
$2,620 extra college fund
$600 into new car fund
Total: $17,200

Pay $3,000 extra on student loan. Balance: $0. PAID OFF
As much as possible to IRA

***Progress Report***
$7343 savings, $2657 to go
$2200 to 529 plan, GOAL MET
$100 to Roth, $1900 to go
$400 to new car fund, $200 to go
$175 to IRA
$2,620 to extra college fund, GOAL MET

Student loan extra: PAID OFF

**Non- financial goals**
Write a novel in a month
Lose 10 pounds
Grow 100 pounds of veggies

**Progress**
0 pounds lost-- pregnant!
4 pages written
53.54 lbs. veggies grown

My Pages

Took a chance on financial stock that actually paid off

September 23rd, 2008 at 07:18 am

several months ago I noticed that two Ohio bank stock prices had plummeted to $3 or $4 a share. I know these banks, and I was convinced that this was really a rock bottom price, so I bought several hundred shares.

I looked today, and on one stock I am up $539, basically doubling my original investment. And on the second, I am up $174, or about 50 percent on my original investment.

I know, you don't really win until you sell. But I paid so little for these stocks, that I feel comfortable hanging on. I am sure they will be back up to $22 or so a share in a year or two...

The stock market seems scary right now, but we do need to stop and think about it as a giant clearance sale for stocks. Now is the time to buy.

Posted in Uncategorized | 7 Comments »

7 Responses to “Took a chance on financial stock that actually paid off”

Broken Arrow Says:
September 23rd, 2008 at 07:48 am

Hey, nice gains there!
thriftorama Says:
September 23rd, 2008 at 09:37 am

I knew you'd appreciate a stock post, BA!
It's a buyers market right now, even though it seems like the sky is falling.
Broken Arrow Says:
September 23rd, 2008 at 12:17 pm

Hehe, yes, how'd you guess?

I need to get back in. Still looking though....
Broken Arrow Says:
September 23rd, 2008 at 12:56 pm

If you don't mind me asking, what's the gain in %? That's what I personally look at, rather than the absolute dollar amounts....
thriftorama Says:
September 23rd, 2008 at 02:59 pm

The first was an 85 percent gain, the second a 45 percent gain. Not too shabby.
Broken Arrow Says:
September 23rd, 2008 at 06:57 pm

What the. You made 85%? YIKES! My best trade was 30%, and the volatility on that one scared me senseless. But seriously, congrats. A well-deserved pat on the back indeed.
thriftorama Says:
September 24th, 2008 at 07:50 am

It was a fluke, really. I saw the stock price had hit rock bottom and because the share prices were so low, I took a chance. I figure $300 or $400 for some shares won't kill me if they go lower. That's kind of my MO right now. I am looking for stocks in solid companies that I think have gotten so low that they just have to rebound. I'm waiting for SallieMae to hit $10, then I will buy. I may as well earn some of my student loan interest back!

Thrift-o-rama and the quest for a Tiki Bar

One girl's quest to shore up her personal finances and save for her own business

Took a chance on financial stock that actually paid off

7 Responses to “Took a chance on financial stock that actually paid off”

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