Portfolio management: trade to lower cost

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Buy and hold, long term investing? I hold CROX from $75 to $20, hoping for a rebounce. It never came. Sometimes we got to trade stocks to take advantage of price volatility (up and downs). I was successful on this aspect from time to time, especially since the stock rally started this March. I made some money back from NRG Energy (NYSE:NRG) and Huntsman (NYSE:HUN), to cover the loss from holding Berkshire Hathaway (BRK.B). Here again the lesson of “buy and hold”, even for a good company like Berkshire, I bought it at wrong time (April, May 2008).

BRK.B Berkshire Hathaway Inc. Buy Apr 9, 2008 1.00 4,349.89 7.00
BRK.B Berkshire Hathaway Inc. Buy May 12, 2008 1.00 4,130.00 7.00
BRK.B Berkshire Hathaway Inc. Sell Mar 23, 2009 1.00 2,894.25 7.00
BRK.B Berkshire Hathaway Inc. Sell Mar 26, 2009 1.00 2,939.51 7.00

Pros and Cons of low cost trading: Sogotrade

401k and Personal Finance


Reading Time: 2 minutes

(Update 07Sept09) I found a minor problem with Sogotrade. I had this happened to me twice. Basically I changed my mind for existing limited sell order, so I clicked “cancel”. But Sogo works so fast and diligently, partial of my order has already been executed. So basically later on when I want to sell the stock, I need to pay another transaction fee.

SogoTrade pic

(Original) Opened SogoTrade account couple weeks ago because I got a bit tired of Scottrade $7 per trade fee, and the “friendly” reminder email about my trading pattern. The accounting opening preocess is a bit long, although most things are done online (except the VOID check and an eletronic transfer form to send in). Here are the main steps: