My Automatic Investment Plan just Posted.
Here's a summary of the transaction:
04/12/2011 - Transaction History - Buy
Ticker Price/ Principal Amount Fee Total
GLD $141.08/ $146.00 $4.00 $150.00 (GLD Closed at $141.61 - Good!)
XLNX $30.69/ $36.00 $4.00 $40.00 (XLNX Closed at $30.64 - Down)
WM $37.75/ $76.00 $4.00 $80.00 (WM Closed at $37.67 - Down)
So I learned that Sharebuilder will collection commissions (fees) within the investment amount I put in for each position. Basically, I could have invested my $300 and the fees would have been included within the $300 investment rather than getting charged the fee after. This is good for those who are a bit cash strapped. However, the $4 per investment could have bought some more "mini" shares of my stock positions.
Anyway, I just have to put in some NEW RULES for our Investment Strategy:
1. I will always keep 10% of my portfolio in CASH. The reason is to have some cash on hand to catch bargain stocks and have some liquid cash for other purposes.
2. I will have ONLY 10% of my portfolio in Gold (GLD). Gold is just a hedge for me. I do not plan to get rich off gold.
3. Each position will ONLY cover 20-25% of my portfolio. This is to keep my diversity and spread out my risk across my portfolio.
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