In February my portfolio broke through the 70K ceiling – much of it owed to the continuing ‘Trump Rally’. I also made two purchases, which were both additions to existing positions. In this post I cover these two buys and provide an update on my portfolio.
On February 14th I bought 34 shares of Qualcomm Inc. (QCOM) for a total of $1,882.92. Since I already owned 16 shares of Qualcomm this new purchase means a nice – and probably rounded out – position of 50 shares.
Close to the end of the month, on the 27th, I doubled my position in Magna International Inc. (MGA) for a total of $1080. In my next post I’ll set out my reasoning for buying more of this Canadian automotive supplier.
With these two new buys the total number of positions in the portfolio remains the same – 38 – with a corresponding value of $71,689 (March 3).
At the end of February 2016 my portfolio consisted of 23 positions with a total value of $25,415. The current portfolio value therefore represents a Year-on-Year (YoY) increase of 181%.
This YoY comparison is depicted in the graph below.