Here is our October checkup:
The plan is to post our monthly check up the 1st day of the following month. The only exception will be when earnings are being announced.
For better or worse, at the end of quarter, I will wait until the 3rd day of the month to post our checkups.
So let’s get into it.
Overall our portfolio took had a strong month and rose by $36,997, which is just over 8% month over month (almost 14% since we began the “22 to 1” goal). I know every month won’t be like this, but it is exciting when they are!
Even before Apple’s earnings report, we were already looking at a positive October.
At the end of September Apple sat at $154. Due to a strong October and strong Q4 earnings, at the time of this post, they sat at $174. That’s a very nice bump of nearly 13%!
Our mutual funds continued to trend upward, averaging an increase of nearly 4% month over month.
It wasn’t all roses this month though, the one other stock we own, AAOI took a dive of almost 17%....ouch!
Fortunately we don’t own too much in this particular stock, but still, it would be nice to see them move in the other direction.
I still expect the holiday season to be strong for Apple if there are no additional hangups with the iPhone X shipments.
Thats all for now, I'll be back with our November check-up next month.
As always, remember, I am NOT a financial adviser. I am just a guy who reads a lot of blogs, has a goal and am taking you on the journey with me.