A while back I questioned if I should sell or not. The S&P 500 has been going up and up and I couldn't decide what to do. I want to thank everyone that responded that I should just hold onto the stock. But after thinking about it for a few weeks and the stock increasing in value again and again, I sold.
I use Sharebuilder for my investing. This is money that would have been put into my personal savings account but instead I had been using to play around with purchasing stocks with. Almost every stock has lost value since I purchased it over the last 5 years. I've actually quit adding money to the account because I wanted to focus on increasing the money in my savings account instead.
I will say that Sharebuilder is extremely easy to use and the stock was sold as soon I hit the button to sell. Original purchase price total was $1,164.72 for 8.197 shares. I sold for these shares for $1,539.20. Sharebuilder charged a $6.95 fee for this transaction. My net proceeds are $1,532.25. So I made $367.53. I plan to set $55 aside for taxes on this money. The other $312 will be most likely moved to my personal savings.
My goal for the month of May is to do a lot of research and decide which stocks to re-invest the original $1,164.72. Before I just picked stocks without researching and with out any basis on how I was picking. Now I want to take my time and really learn as much as I can through this process. But I'm giving myself a deadline to have the money re-invested or it will never get done.