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Good money day - Stock sale, casino visit

March 12th, 2009 at 01:47 pm

Today turned out to be a good day moneywise.

I bought Bank of America stock a few weeks ago for $5/share. It proceeded to drop as low as $2.53 before recovering a bit. With this week's rally, it started climbing. I put in a limit order to sell half my shares (250 of 500) if the price hit $5.75 which it did today. I made $187.50 profit (minus $14 commission) so a net profit of $173.50. I'm going to hold onto the other 250 shares for a while and see what happens.

I also went to do my taxes today. My accountant is up the street from the casino. Ironic, I suppose, but he was there many years before the casino came along. I stopped in for about half an hour and played a little blackjack. I started with $200 and left with $225, so that was a quick 12.5% return on my investment.

So all together, I earned about $200 today that I wasn't expecting.

1 Responses to “Good money day - Stock sale, casino visit”

  1. frugaltexan75 Says:

    Nice way to pad the coffers. Smile

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