With a little bit of cash in my investing account left over, I searched for other undervalued stocks with strong fundamentals and wide upside potential. I didn’t find any.
Well, that’s not entirely true. I found a few that I was interested enough to investigate, but I didn’t feel 100% comfortable with them. So I passed on them at this point.
Not wanting to just let that money sit there doing nothing, I decided to use it to buy more shares of Rocket Companies (RKT.)
I initially bought 2 shares of the stock last week and added 3 more yesterday bringing my total to 5.
As I mentioned in my previous post , I feel very comfortable with where this stock is headed and I plan to hold on to it for quite a while as it climbs back to higher levels.
I’ll remain on the look out for other companies, but I won’t be able to purchase any more stocks until the middle of next month.
“The Brandon Portfolio” Numbers so far…
As it stands today, I have 2 companies in The Brandon Portfolio.
1 share of Qualcomm (QCOM) was purchased at a price of $124.90 and is currently sitting at $130.70 ($5.80 gain.)
I now have 5 shares of Rocket Companies, Inc. (RKT) at an average price of $16.21 that is currently trading at $16.85 ($3.21 gain.)
The Goal of The Brandon
As a reminder if you’re just joining me, the goal of The Brandon is to see what is possible when you invest small amounts of money into undervalued stocks over a period of time. The hope is that the returns will be profitable obviously, but also more profitable than letting it sit in a simple savings account.
I’d also like to remind you that I am not a stock or investing guru. I am just an everyday guy who is trying to learn more about how to make, save, and invest money.