Monday, September 29, 2014

Snoop Dog wants you to start investing {The Robinhood App}

Ever heard of Robinhood?

I am not necessarily referring to the famous character we all know and love. Instead, I am talking about a revolutionary new app for individual investors that is allegedly looking to launch in early 2015.


I first heard about this app about a week ago and I was quite intrigued. First of all, Snoop Dog is not necessarily what comes to mind when thinking about finance and investing. And second of all I wondered what would make this company different from other online brokers that are already in market (and there are many!). And so, I set out to do some research.

'Competitive Advantage'/differentiation:

In a general sence, the app seems to be targetted to everyone from individual investors whom have never invested before to the more experienced. Its goal is to make the investing process easy, convenient...and most importantly free.

How will this company make money?

I am sure many of us have heard the saying that "there is no such thing as a free lunch". Most online brokerage websites charge a fee for making trade. The average cost within online brokers hovers around $8.50 per trade. I currently have both Tradeking and TDAmeritrade. Tradeking is solely online (they dont have any actual branches) and each of my trades cost me $4.95. Meanwhile, TDAmeritrade charges me $9.99 per trade. Probably because they have several brick and mortar (physical) locations to maintain. And thus, said expenses transfer over to the customer.

According to Robinhood; one of the ways they plan to make money (at least initially) is by offering customers/investors the opportunity to train on Margin. According to the website, this is a feature they are currently working on. I tried to find out what percentage/fees they will charge individuals that decide to trade on margin but I couldnt find any definite answers on that. However, I will be on the lookout for my readers to keep you guys informed on this interesting development.

A word to the wise: I have mentioned a few times on the blog that I do not support trading on margin. Just to give you a brief explanation-- trading on margin entitles borrowing money from the brokerage company to make your trades or in 'pocker' language "playing with the house's money". A company like TDAmeritrade, for example, charges about 9% for money borrowed on margin. They let you borrow money, make your investment, and give you a timeframe to pay them back. Whether your stock ends up being a loser or a winner; the broker will not care and will want their money back with interest. Hence, trading on margin represents a HUGE risk. Specially for individual investors whom are just getting started and may not know exactly whay they are doing until they gain some experience. And so, I feel the upfront risk is tremendous and individual investors should be very careful with that. Investing with someone elses money is something that would never cross my mind and this is no exception.

Will your money be safe?

Yup. According to their website; you can link your checking/savings account to the app to transfer funds whenever you want. After that (and once they confirm your identity) whatever money you have on there will be protected by the SIPC (Securities Investors Protection Corporation) which is an institution similar to the FDIC (the instirution that protects the money you have in the bank). The money is insured up to $500,000 including $250,000 of cash claims.

Finally- what does Snoop Dog have to do with this?

Well, aside from companies like Google (a venture capitalist in the company), and other investors; the founders have also been able to get celebrities such as Snoop Dog, Nas, and even actor Jared Leto to invest money in the development of this innovative company. Interesting, right?

Source: money.cnn.com

My two cents on the App:

I honestly feel the idea is genious and if this app will truly offer the opportunity to trade commission free; I will be the first one in line. As long as I am trading with my own money and the govertment is involved in protecting my funds, of course. So, I would be lying if I didnt say I am looking forward to seeing how this idea develops. This is the future of investing and is quite exciting. I would just warn beginner investors (specially those whom have never made a trade before)to get educated prior to making any trades or jumping in to the stock marget without a life vest. Start slow and learn as you go. As I always say: slow and steady wins the race. Oh! and use your own discretionary income. Do not fall in to the margin trap.

Would love to hear your thoughs on this! Comment below or email me at teachmetoinvest@gmail.com.

Thanks for reading and as always, cheers to profits!

Mabel

Friday, September 26, 2014

Another Recent Buy in my Portfolio

Hey everyone! 

Today's blog post is dedicated to a company that has been on my watch list for the past several months. Ironically enough, this past Thursday some global worries made pretty much all indexes go on to the red and thus some companies were selling at discount. I took that opportunity to pick up my initial shares and start a position. I'd like to welcome Starbucks (SBUX) to my personal portfolio:



Unless you've been living under a rock for the past two decades or so; you are probably well aware of the phenomenon and "American Trademark" that Starbucks has evolved to be. To be quite honest, it still amazes me the way Starbucks devotees (and that's a LOT of people) don't think twice to pay an arm and a leg for a fancy coffee drink concoction.

I have to be honest in that I am very frugal. Hence, I can probably count the times in which I spent more than $2.50 at a Starbucks. My usual order is either a cup of tea or a small coffee with soy milk (for which they started charging $0.70 extra, by the way). And that's as far as my expenditures go. However, we all know I am in the minority. According to Starbucks Annual meeting it was announced that the average customer going in to a store spends approximately $5 per visit. This translated in to an annual revenue of almost $15 Billion for fiscal year 2013. Studies also show that the average loyal customers visits the store six times per month. Meanwhile, the "hard core fans" can visit upwards to 16 times per month (nearly every workday, to put it in to perspective).

Taking a look at Starbucks balance sheet; reported long term debt as of June 2014 is around $2 billion which is a drop on the bucket in comparison to how much money this company generates.

Why would a place that "sells coffee" be a good investment?

We all know that Starbucks is more than coffee. They sell tea, pastries, meals, mugs, as well as ambiance and peace of mind when you simply need to get away and relax with some fast Wi-Fi and a nice cup of Joe. Speaking from personal experience; there was no other place I rather be while studying for those challenging exams in graduate school. There is something in the air that simply allows you to focus. And they seem to have the "location" thing down. I recall the Starbucks by my school was consistently busy. And this seem to go for most if not all locations.

For those people terrified that the company growth story is over (after all, they do have over 19,000 stores worldwide). It would be good to keep in mind that management is striving to remain relevant and ahead of the game of any signs of competition. They seem to be experimenting with a few initiatives, one of them being "Starbucks evenings". You can read more about the exciting project here. They've also seem to have become a pioneer when it comes to paying for stuff using an app on your phone. I'd be curious to see how far they can take this technology as well what they'll do with the data they compile from customers. I also see their expansion plans quite promising. The most recent buzz is in regards to their growth in China. However, other countries are in the works as well. This should help ease worries of those individuals whom feel that the Starbucks growth story is over. I personally feel they still have a long way to go.

They are everywhere

Yes. Starbucks is everywhere and they are expensive everywhere! During a recent trip to Hawaii with a friend this summer; I remember the resort where we stayed had two locations (the lines every morning where unbelievably long). I also recall purchasing two bagels and two small cups of regular coffee for the nice total of $13.75. And you know what? for some reason I didn't think twice about this ridiculous charge until later when it hit me--- I paid almost $15 bucks for two coffees and two bagels (yikes!).

Ever been to a target or a Barnes and Noble? well, they are in there too. And is probably one of the reasons why Barnes and Noble has been able to survive as the Starbucks drives in the traffic. But that's just my  personal speculation.

With no real competitor in sight, expensive coffee that no one thinks twice of buying, a healthy balance sheet and a promising future of growth- I am excited to have shares of this company in my portfolio. Next time I see someone paying $6.75 for a coffee concoction, instead of judging them; I will be smiling as I will be able to remind myself I am a part owner of an amazing company.

What are your thoughts on Starbucks?

Thank you for reading. And as always, cheers to profits!

Mabel Nunez

Nike: $8 Billion in Revenue, 1st Quarter 2015


One way in which I keep track of the stocks in my portfolio is by reading their respective quarterly and annual reports when they come out. This keeps me informed about how the company is doing financially as well as plans for the future or any new projects the company may be working on and/or results of said projects, as well as general information pertaining to operations and the business as a whole.

Note to my beginner investors: You can find press releases, annual reports, quarterly reports and pretty much all financial statements of any publicly traded company by clicking on the "investor relations"  or "investors" tab which you can usually find on the main webpage of said company. A company like Nike actually has a site called nikeinc.com which is separate from the nike.com website. The Nike Inc. site is for investors but most company's will have the investors link on their regular website. If you cant find said link, you can also go to the SEC- Edgar website for everything and anything a public company is required to disburse by law.

I've felt confident about Nike (nyse: NKE) for a very long time but did not actually buy shares until January of this year. I presented it as a re-recommendation during the program in which I participated this summer. You can see the slides of that presentation here. The point of my presentation was to reinforce the fact that this company remains strong and still has a whole lot of room for growth. Needless to say, the recent reports did not disappoint.

Nike reported first quarter earnings for 2015 yesterday afternoon and in a nutshell, exceeded analyst expectations across the board. Here are some of the major highlights of the conference call:

1. Revenues for Nike, Inc. were up 15% year over year for a nice profit of $8 Billion (The Nike Inc. includes both, Nike brand and Converse. Revenue for the Nike brand alone were $7.4 Billion, up 15% while converse made $575 million, up 16%). Net income increased 23% year over year to $962 million.

2. Gross margin increased to a whooping 46.6%. Part of this increase was attributed to higher prices in the products sold, higher margins, as well as the demand for said products. Also, continued growth in their DTC business (DTC= Direct to consumer business where Nike sells to the consumer from their website rather than simply serving as a wholesaler to stores. This is an area where Nike continues to show strong and promising advancement).

3. Selling and administrative expenses which include their "demand creation" expense did increase 21% to $2.5 billion. Within that amount, demand creation alone was up 23% to $897 million in comparison to same quarter last year. The demand creation is Nike's "fancy" and quite clever name for marketing expenditures. If you were watching the world cup earlier this year, its likely that you saw Nike everywhere. Nike CEO referred to said expense as "marketing investments in the world cup". And yeah, looks like the investment paid off.

Feel free to read the entire conference call transcript here. Or, for a quick read, you can check out the press release.

I know some of you have fears of competition and by that I am specifically referring to Under Armour (nyse:UA). I totally agree that this company is a nice competitor for Nike and they've done pretty well for themselves. However, in all honesty, the have yet to reach the level that a veteran like Nike Inc. has reached. Which is not to say they may reach it eventually. In that case, who is to say there is no room at the top for two excellent companies. In the meantime, I'll remain one happy Nike shareholder.

What are your thoughts on companies Nike and Under Armour?

Thank you for reading, and cheers to profits!

Mabel

Wednesday, September 24, 2014

New Stock Purchase in my Portofolio

Hey All!

So, as I continuation to my previous post I am here to share with you where I allocated some of the free cash that ended up in my portfolio after my sale of Verizon (VZ) shares. As I previously mentioned- I am a long term investor which means that when I buy a stock I'd like to hold it for a very, very long time. However, circumstances do some about {such as changes in my original purchase thesis} and so, I do decide to make adjustments.

One thing I have learned in my journey of becoming a great investor (and this is an ongoing journey) is that just as we buy with a plan, we should also sell with a plan. Keep in mind that the plan can very well be keeping the money in cash until a new opportunity comes along (nothing wrong with that). However, if we already know of a good opportunity, it is probably a good idea to put our money to work as soon as we can. We work hard for our money and is nice to see it do the same for us.

And so, with that said, my portfolio has had a new member for about three months now and that new member is MasterCard (NYSE: MA).



So, why did I buy MasterCard? Well, I have owned shares of Visa for less than two years and the stock has been really good to me (up over 49% since November 2012). As most of us know, Visa and MasterCard are the two top leaders within the payment transaction industry. Although companies like American Express and even Discovery have done well for themselves for a very long time; the truth of the matter is that their popularity and frequency of usage is not nearly as repetitive as Visa and MasterCard. I encourage you to pull out your wallet right now and see which icons are most frequent within your cards. I can almost guarantee that most of your cards either have a V or an MA logo on it.

There are so many reasons why I feel strongly about a company like MasterCard but to save you time, I will narrow it down to the three main reasons why I decided to purchase shares:

1. The way the company makes money- Explaining how a transaction processing company makes money can get complex. However, in a nutshell-- every time you swipe your credit or debit card that has the MasterCard logo in it; the MasterCard company gets a fee from the merchant from said transaction. Hence, the more times customers swipe their cards to buy pretty much anything, the more money MasterCard gets from said merchants. According to a 2012 study by creditcards.com; nearly 75% of Americans 18 and over admitted to having at least one credit card. Two years later, I can only deduct that number is likely higher. In this day and age, using plastic is almost a necessity that goes beyond the convenience but it is now required for online purchases of pretty much any kind.

A transaction processing company (which is where MasterCard and Visa fall under) is NOT a bank. Hence, their credit risk is virtually zero. They are not concerned with whether or not you pay your credit card bill at the end of the month or whether you have bad credit or anything of the sort. Their only concern is that you use your card to make purchases. They make it convenient for merchants to get money from customers as most people rarely ever carry cash now a days. Once that swipe goes through; the responsibility of collecting payment lays with the bank that provided the credit card in the first place. Transaction processing companies do not get involved with any of that.

2. A ridiculously high operating margin- First of all, operating margin in simple terms is the amount of money that stays with a company for every dollar of sales (before interest and taxes are deducted). For the twelve months ending June 30th, 2014; MasterCard's operating margin is at 54.8%.This means that for every dollar they make from their operations, they get to keep over 50 cents. If this is not a sign of an exceeding profitable company, I don't know what is.

3. A sustainable business model with not much competition- Although many can argue that the popularity of companies like PenPal or other methods of online payment can threaten the bottom line of companies like Visa or MasterCard; I strongly believe that we have a long way to go before that becomes a real threat. The reality is that most people prefer to use their cards for nearly everything they do. From purchasing something at the corner store all the way to booking a vacation on the internet. Hence, I see a lot of room for continuous growth. Not to mention that there are many people that still that haven't switched from using cash to cards (even if this is now a minority). Sooner or later, I can picture a world where cash will be a thing of the past and companies like MasterCard or visa will continue to benefit greatly. They also continue making investments in research and development to make sure they keep ahead of technological trends in this area.

Bonus--- Dividends? Yes MasterCard does pay their shareholders an annual dividend yield of 0.60%, or 0.44 per share. The yield is not as high as other companies in my portfolio and lower than Visa's which pays $1.60 per share on an annual basis. However, this is an area where I can see increases year over year.

What are your thoughts on companies like MasterCard?

Thank you for reading, and cheers to profits!

Mabel

Monday, September 22, 2014

A Recent Sale in my Portfolio



I've been a Verizon Wireless customer for nearly a decade. I recall my very first cell phone company ever was sprint circa 2003 or so. However, thanks to a family plan, I had the option of jumping in to my dad's phone plan which was from Verizon. And the rest is history.

Over the years the main comments I've heard from family, friends, or even random people about Verizon is that the service is excellent (probably the best in the industry) however, they are expensive relative to the benefits you get with your respective plan. By the way-- when I mention service, I am referring to characteristics such as the voice quality when you are speaking to someone on the phone, less dropped calls, being able to use your phone even in the "middle of nowhere", fast wireless internet service...you get the point. 

Being a customer myself, I always sympathized with the comments about how pricey the service is. Although my bills are a lot more affordable now thanks to a nice deal (yes, I am still a customer)--- I have to admit that for many years my monthly bills were rarely ever under $90 a month.  And this is because I was able to get 10-20% off through employers but I never really had the benefit of "unlimited everything", as some companies did/do have. I have to mention that I've been out of my father's family plan for almost 8 years so, I am talking about my own individual service.

If you've been following my blog you know that the majority of my portfolio is composed of established blue chip companies that are well known within their industry (usually leaders), have a strong customer base, are quality companies (based on my research), and pay nice dividends. Hence, after paying my hefty cell phone bill one day last year I decided to take a look at Verizon as an investment. As I did more  research which included reading the annual report (10K), looking through financials and reading articles; I decided this was a good, solid company where to put my money. I also really liked the fact that their dividend yield was high. It is currently at (4.20%) which means that I would get a nice return on my money on a yearly basis as I continued to watch the development of this industry leader.

The Buy/Sell Process

In February 2013 I pulled the trigger and began purchasing shares of Verizon. I bought additional shares every 30-45 days,  at a sliding scale, consider that as soon as I made my initial purchase the stock price did begin to fluctuate and went down slightly as the weeks and months went by. This is something that happens a lot with stocks in general, and no reason to panic.

Considering I am a long term investor (I hold stocks for at least one year and preferably forever) I did not pay much attention to the fact that the stock price was not appreciating much from my time of purchase. For instance, I bought initial shares at around $46. The stock would go to $47 or $48 but then go back to hover around my initial purchase price. And then on September 2013 some "exciting" news came-- Verizon had decided to buy off Vodafone's 45% stake in the company at a deal worth $130 billion (you can read more about that here). The news made me a little nervous because most of the deal would take place with debt which means that the long-term debt shown on the balance sheet would pretty much balloon to dramatic proportions (VZ current long term debt as of June 2014 is at over $107  billion). So, on the one hand, the company would no longer have to share profits with Vodafone and it is now free to perform operations for growth as needed. On the other hand, all of these added benefits come at the expense of high debt and investments which we never know the exact extent of their profitability in the long term.

I then started to worry about competition. To be quite honest, the telecommunications industry is highly competitive and even more so during this day and age. AT&T (NYSE: T) has been neck to neck with Verizon for quite some time offering nice benefits to shareholders and improving their infrastructure when it comes to quality service and same goes for other companies such as T-Mobile (NYSE: TMUS), for instance. Furthermore, we cannot forget about the fact that customers are constantly looking for the best deal they can possibly get when it comes to phone plans. The fear of loosing your number if you move to another company is long gone after a law by the Federal Communications Commission (FCC) made that possible a while ago. And today, company's like TMobile are willing to pay off your cancellation fee to providers if you wish to switch companies. Something that kept people "tied" to phone companies in the past was having to pay a hefty cancellation fee prior to contract expiration. Well, apparently that is also changing. Another point to note is that a couple of year ago or so Verizon stopped offering the "unlimited data" option that other companies still offer. Hence, although this may be good for Verizon's bottom line as they may be able to collect more funds from customers that are consistently on their phones using the internet; this may not be so good for customers whom would rather go online at any time without the fear of getting an outrageous data bill at the end of the month.

And so, a couple of months ago I decided to "pull the trigger" once again and sold my position on Verizon Wireless. I also have to mention that my purchases had eventually become a significant part of my portfolio which I didn't feel comfortable with. I made the decision to sell all my shares and look at a different company (this is a topic for an upcoming post). High debt, high levels of competition, a stagnant stock price and a change that deviated from my original investment thesis propelled me to make the decision to sell. I did profit from over a year worth of nice dividend payments, as well as slight percentage gain in price so ultimately I walked away with a profit.

Do I think VZ a bad Investment?

Definitely not. Far from it!  Verizon has now been hovering around the $50s which is great and the benefits of being "Vodafone free" appear to be working for the company. The stock is trading around 11x earnings which is below industry average (but slightly higher than competitors), also continue to raise their dividend yield which is something they have been doing since 2006. At the beginning of this month they announced an increase to $0.55 cents per share up from last years $0.53. They continue to be a leader within the industry and even Buffett’s Berkshire Hathaway portfolio picked up some shares at the beginning of this year-- which is obviously a big deal. Hence, although the company may still be a great investment; my original thesis for buying shares was not holding up as expected and thus, I made my decision. Whether or not my decision was right or wrong only time will tell and unfortunately, crystal balls that allow us to see the future are yet to be invented.

What did I do next?
One thing I have learned in investing is that it doesn't make much sense to sell unless you have a plan of action of where you'll put that money next or what you'll do with it. Hence, stay tuned for an upcoming post regarding where some of that money went within my portfolio.

What are your thoughts on VZ?

Thank you for reading. And as always-- cheers to profits!

Mabel

Saturday, September 20, 2014

The Alibaba Craze and my Two Cents on IPOs

Quick Note: Some of you reading may already be seasoned investors and the first few paragraphs on this post may be too basic. If so, feel free to simply skip to the end and read my thoughts on how I feel about IPOs and specifically Alibaba. Please bare with me as one of my missions for the blog is to educate those individuals that still have limited investing knowledge but are looking to educate themselves. Thank you for your ongoing support.
 

Hey All!

Happy Saturday. Nice day here so far in NYC. Excited because fall is coming and guess what my favorite season is?!

Well anyways, feeding from the momentum that went on in Wall Street yesterday after "the biggest IPO in history"-- Alibaba (Ticker symbol: BABA) I figured this would be the perfect time to write a quick post on:

1. What exactly is an IPO
2. What the heck is Alibaba
3. My thoughts on buying stocks on the day they become publicly traded (also known as IPOs).

Lets jump right in.

1. What exactly is an IPO:

In a nutshell-- when a company goes from private (having only a few owners or shareholders, usually the founders) to publicly traded (where they make the decision to allow the public to own shares of the company as well for the very first time)-- this is called an Initial Public Offering (or IPO).

A company usually decides to allow an IPO with the purpose of collecting funds from the public in order to have additional money to grow the corporation and take it to a new level. The company may have plans of expansion or projects that that they feel would significantly increase the value of the service or product offered. Hence, all the money collected through this initial offering (and beyond) is used to invest in the company for growth, among other business activities.

When a company is private; they are not required to disburse any financial information to the public or explain anything regarding future projects or plans. However, when a company is public it is now required by law to disburse pretty much all company related information to everyone-- that includes you and me. From all financial statements to plans regarding change of management, plans for growth, and everything in between has to be communicated to the public. Hence, the tradeoff pretty much comes down to exchanging privacy for funds.


2. What the heck is Alibaba:

Ever heard of Ebay or Amazon? If so, Alibaba is not only the Ebay and Amazon of China combined but apparently is much more than that. According to a Wall Street Journal article which you can read here the company is currently the largest ecommerce platform in the world with millions of users and income of over $248 billion last year alone. As you may be aware, sites such as amazon, ebay, or even Google are blocked in china. Hence, this company not only targets that population that is unable to benefit from the ecommerce in the US but since is an online company, pretty much the entire world can purchase products from there. As per Wikipedia, there are currently 1,366,690,000 people living in china alone. The amount of market share this company can possibly grab is enormous.

3. My thoughts on buying IPOs:

When a company first becomes publicly traded there is usually a whole lot of excitement and hype around it. This is not necessarily a good thing (at least not initially). Hence, my advice regarding IPOs is never buy on the first day in which a company becomes public. The company may in fact be amazing. It could be the next Google or the next Berkshire Hathaway. However, when you buy stocks on the first day, you'll usually be at a disadvantage and will likely be paying a lot more than you need to. This is mainly due to the fact that there will be no tangible basis for the high price other than the fact that there is so much hype around the stock. This means that the second the hype dies down, so will the price. Hence, wait it out.

The price of Alibaba went all the way to $99 on the first day of trading and as I type this it is now at $93.30. Not to mention that the company opened trading to preferred investors (those with the permission to buy shares before the general public) at $68. Usually when a company is touring the country giving stock pitches to high net worth individuals and funds; they also allow these companies the chance to have first dibs at purchasing when the stock first comes out. Hence, this usually drives up the price almost immediately. Although the initial price for BABA was set at $68; by the time the average investor could get shares, the stock was already trading at $89.95. 

One thing that stands out in my mind from my finance courses in graduate school is that if someone ever offers you the chance to buy those "initial shares" before they get to the general public you should run-- and run fast! If  high wealth individuals and/or funds  with very deep pockets don't want those shares in the first place, you should probably come to the conclusion that there is something fishy going on and/or that the company is simply a flop and if those billionaires don't want shares, why should you? So yeah...run.

So, how long should you wait before investing in new IPOs? This is not an exact science and  is entirely up to you. I would recommend watching the stock price on the very first day and continue to monitor it. Once you notice the conversation around the stock sliding down a bit, take another look and make a decision on whether you still want to buy. At least by waiting, you'll know you'll be paying a more reasonable price. I don't know about you but if I can get a great stock "on sale" rather than at "full retail price" I prefer the former.

Would I be buying? Not anytime soon. I will be waiting it out and look forward to learning more about this company as the days go on. I am not fully educated about everything Alibaba has to offer so, I will be on the side line for now.

Thanks for reading! Any questions or comments? email me or comment below. Have a great Saturday, and cheers to profits.

Mabel

Friday, September 19, 2014

Incredible Summer and Whats to Come on the Blog

 
Hey Everyone!

First of all--- thank you for all the emails received from readers asking where I have been and requesting new updates on the blog. My apologies for disappearing for what feels like an eternity. Blogging in this space is something I love to do and a huge passion of mine. This is no excuse but I do have to admit that sometimes life does get busy and things do come up which is why I haven't been able to provide content as much as I would have liked to. Nonetheless, here I am and I promise to make a conscious effort to bring you guys at least two posts per week. This is at a minimum and until I get back on the swing of things again. I am announcing this so you guys can keep me accountable (*feeling kinda' nervous now).

Anyways, as the title of this post indicates, I had quite the amazing summer. I was given the opportunity to spend two months in Alexandria, V.A at the Motley Fool headquarters. To say that my time there was incredible is an understatement. I was invited to work with the investing team where I was able to take investing classes, collaborate with experienced analysts, get real hands on experience on stock analysis- something that increased my previous knowledge tremendously and I feel allowed me to walk away a much better investor, met different people from all across the country and all walks of life and I could go on and on. Most importantly, I was in an environment where people around me love investing as much as I do and are humble and helpful always willing to share knowledge and experiences.  That in itself was priceless. I would definitely recommend this summer program. Check out their website sometime next year to apply if this is something you feel you would enjoy doing.

So anyways, what's coming up on the blog? I have made some slight changes to my portfolio as I sold some stocks so I look forward to sharing post on:

1. My two cents on IPOs or Initial Public Offerings (in the spirit of Alibaba, $BABA)
2. Which stock I sold and Why
3. Which stock I bought and Why
4. Stocks on my Radar-- and Why
5. Investing books I have read recently and my two cents

Also, for some reason I feel earnings season might be approaching again real soon (didn't it just end?!) so obviously I will be bringing updates on what exactly is going on with each and every security in my portfolio.

This is not for certain but I am contemplating the idea of Vlogging as well. Pretty much just quick videos on different investing topics. I feel like online content is gearing more towards videos and I personally prefer videos myself when I am browsing online keeping time in mind of course. No one wants to sit down and watch a movie on a random topic. Would you agree? Anyways, send me an email and let me know if this is something you would enjoy.

Thank you for reading and thank you for the support.

And as always-- wishing you lots of profits! Have a great weekend.

Mabel