Average Joe Investor: Loyal3 Update â€“ 7/20/2015
The middle of the month means itâ€™s time for an update from this Average Joe Investor using the no fee investment platform Loyal3. Itâ€™s been a tumultuous month for the markets given the financial collapse going on in Greece, and weâ€™ve likely seen some impact (and will continue to) due to the nuclear agreement reached last week with Iran. I looked at the current state of my investment hesitantly, as I didnâ€™t expect it to be great news. Last month, I added $50 of Apple stock to my portfolio to accompany my initial investment in Buffalo Wild Wings. Let’s see how my month turned out.
- As of Closing on 6/16/2015 : 17,904
- As of Closing on 7/17/2015: 18,086
- Month Change: +182 (+1%)
Buffalo Wild Wings:
- Current Value: $70.11
- Month Change: + $4.76 (+7.28%)
- Current Value: $50.56
- Month change: +$0.56 (1.1%)
I hunted around for information as to why Buffalo Wild Wings has seen such a dramatic increase over the last month, but didnâ€™t find much in the way of hard information. I did, however, find out that they will be releasing their 2015 second quarter earnings on July 28th in a live web broadcast. I also found this interesting video which states that analysts have upgraded the stock from â€œmarket performâ€ to â€œoutperform.â€
For that reason, Buffalo Wild Wings will get this monthâ€™s investment funds. Iâ€™ll be keeping my fingers crossed on the 28th to hear some good news. I tend to think that they wouldnâ€™t do a high profile live broadcast of their quarterly earnings release if it was bad news.
But then again, Iâ€™m just an Average Joe Investor. Thatâ€™s exactly why weâ€™re playing this game â€“ to see how successful I can be in the investment arena armed with nothing but my web browser, a little cash, and a no fee stock trading platform.
How are your investments doing?
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