Investments Update

Well, it's been a mixed couple of weeks. The gains that were making me feel good in both my stock holdings are pretty much gone, but all my mutual funds are into positive gains.

Coach has continuously dipped since it peaked at a new 52-week high about 20 days ago. From a profit of 9.93% back then, I now sit to make 1.65%. I am still feeling good about Coach though (the company and the stock), and I think this is just a downswing, and it shouldn't be permanent. The P/E ratio is high as I've said before, so it's hard to say how high it should go... But it's below the value I predicted with my spreadsheet, and earnings are always growing with this company. So, frankly I don't see this stock slowing down in the next year (optimism is good!).

As for Microsoft, it has dropped back into negative territory for me. But as with Coach, I'll just chalk it up to the markets behavior in the past 20 days. I am still in Microsoft for the long run.

And finally, for my Mutual Funds. All of them have gains, including my newest pick, TD US Index, which has earned me profit of 0.08%. My overall mutual fund gains are at a little over 5% right now. I purchased the first of them on July 29th, so my returns stand a little on the high side of where you should expect for a broad portfolio.

Overall I feel good about my investments situation, but I would love to scrape some money together to purchase a new stock. The truth is I purchased a new (used) car 4 weeks ago, and that's what has been eating up my money and time, so... I hope to post again soon.