Top Hat Trading Limited
January was a decent month for our portfolio considering we still have a lot of cash to invest and we are not selling options on a big part of our portfolio. Present anchors in our portfolio are SPDR Gold Trust (ETF) (NYSEARCA:GLD),Vanguard Total Bond Market ETF (NYSEARCA:BND),Market Vectors Agribusiness (ETF) (NYSEARCA:MOO) & PowerShares DB Agriculture Fund (NYSEARCA:DBA). These positions we will hold indefinitely and not sell covered calls on them as they are not volatile and the risk doesn't justify the rewards.
OK on with the results. First up is equities. Normally we don't make much money here as stocks are not called away from us. However we made some income in (NYSEARCA:GDXJ) as it was "called away" from us. This means the stock was above the call strike price at expiration. We still made a capital gain of $332 on the stock or ETF. The good thing is that (NYSEARCA:GDXJ) has come back down in price so we are long again with covered calls sold against it
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Craft distilling has grown largely in a few years. Consumer demand can be attributed to the growth in the value of spirits and their consumption. Liquors are most appealing since they are treated like a non-discretionary kind of purchase; hence the demand remains constant regardless of the economic climate. Investing in liquor can therefore be one of the best decisions you can make. Investing can be in terms of building a brand or in real stock market investments. Whichever kind of investment you select, there are a few things you should know about liquor stocks.
It is a stable industry
The liquor industry is stable, but it is best to start up your investment on reputable and well-established brands. When working with such brands, you can be confident with your stocks regardless of the recession hits. People will always be drinking no matter what the situations, hence providing you with good stability. There is however always a need to study the industry landscape, industry leaders and their performance to get you started on a high note.
New investors often believe that the cheapest stocks-the ones with low share prices are the best bargains. In fact, they sometimes fall into the trap of believing that the shares with the lowest share prices have a great potential of raking in huge sums of money.
After all, you only need a stock whose share price is $1 to earn you $1 to double your money, and a share price of $100 to earn you $100 to double your money. Even, though this math is absolutely correct, it is often misleading.
The secret to making good money in the stock exchange is to have patience. So, all investors need to do is figure out how penny stocks work and learn how to make money from them.
Definition of Penny Stocks
These are stocks that are worth less than a dollar for any share traded. Since they are so cheap, they are more appealing to many investors.
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