The Average Investor: Loyal3 Update – 6/17/2015
In March of 2014 I invested $60 in the bar and grill restaurant Buffalo Wild Wings using the online investment platform Loyal3. It was an easy way to play around with the stock market as users are able to invest amounts as low as $10 in a variety of big name stocks and pay absolutely zero transaction fees. I even wrote a second post that was supposed to be the first in a series of regular updates to track my portfolio growth as I continued to invest and hopefully made money due to stock market gains.
Honestly, I forgot that the investment was even there.
For some reason it popped into my head the other day, so signed onto my account and took a look at how my small investment was doing. Let’s look at the numbers:
- Dow Jones in March of 2014: 16,457
- Dow Jones as of 6/16 2015: 17,904
- Increase: 8.79%
- Buffalo Wild Wings Investment in June of 2014: $60
- Buffalo Wild Wings Investment Current Value: $65.38
- Increase: $8.96%
My investment has done wildly better than a savings account with an interest rate of a fraction of a percent, and has even slightly outperformed the market.
In my first (and only) update post I posed a multiple choice option asking readers to help me pick my next pick. As a result of the feedback I was going to invest $50 in Intel, but I never actually made the purchase. Which may have actually been a good thing since their stock hasn’t done anything in the last year.
I’m ready to continue my investment game here on CleverDude, so I took at look at the available stocks, and decided to invest my $50 in Apple instead. Their stock has seen some decent gains in the last 12 months, and people love their products. As I wrote this post I put in the order to invest $50 in Apple, so I’m on my way again.
Stay tuned for the next update in the middle of July!
How are your investments doing?
Brought to you courtesy of Brock