Long Term Holdings

A little while ago I decided to try to actually invest my money. By investing I mean buy and hold stocks and not trade. So far so good, I picked a few companies, one was random, one because someone else was holding it and the last one because I actually believe in the company and its potential to grow.

Investments held:

MTG - Bought it at 1.08
TSLA - Bought it at 30.38
PEIX - Bought it at .3734

The only company that I probably plan on selling once I am satisfied with its return would be PEIX, at this point it has not made me a single $1 but its my first penny stock, I am waiting for it to simply explode in price or see a gradual climb toward at least the $1 mark. PEIX has until June 2013 to be somewhere near the $1 mark before the Nasdaq evaluates the stock and may possibly kick them out of the NASDAQ. (sucks)

TSLA is a long long term investment, the company has potential, it is getting orders, building charging stations on the eastern coast of the United States and their dealerships are quite interesting as they are positioned in malls, which is not a common place for dealerships to be.

MTG has been doing great, I wish I purchased more than 100 shares in this stock. If I had invested say $10000 in MTG I would be sitting at $30000 right now. But I don't mind, the investment is doing great.

 So far everything is going smooth and I plan on making more investments down the road, I find this just as hard as trading because I have to go through sometimes $300-$400 swings on a daily basis, sometimes I wake up to being $300 richer and the next day I am -$250. I have gotten use to this, really you just have to almost forget about them, forget about the swings if your horizon is long term. There is a rule in investing which is to buy more on pullbacks, so look for those opportunities and capitalize on them.