Double To A Million Plan: Double A Penny - Step 20 - MFA Trade

Double To A Million Plan

Double Your Way To A Million
DTAMP
Starting with Nothing, Ending with a Million Dollars.

Author: Xinfinitum

Thursday, April 09, 2009

Double A Penny - Step 20 - MFA Trade

How To Double Your Way To A Million In 28 Steps
DTAMP - Double To A Million Plan Blog


Made a trade with MFA this week.

I bought it on the Ex-Dividend date, so I missed getting the dividend.

In order to get a dividend you need to purchase the equity the day before the ex-dividend date, at the very minimum, so that you will be on record with the company.

However, their is a risk in doing this. MFA closed at $5.93 on the day before ex-dividend, the next day it opened at $5.71 due to the fact people are selling off after securing the dividend.

Stock usually drop on the ex-dividend date to compensate for the dividend that was paid. I have only begun to study this, dividend aspect of things, and so do not have much collective experiential knowledge regarding how the stocks tend to perform prior to, on and after the ex-dividend date.

Here are the results of the trade I made for DTAMP.

DTAMP Equities Plan Report:

04/08/09 - Buy - 450 shares of MFA @ $5.75 p/s - Total $2587.50
04/09/09 - Sold - 450 shares of MFA @ $5.90 p/s - Total $2655.00
Total ($67.50) - ($17.98) Fees = ($49.52)
Net Gain of (+1.90722)% in the Amount of ($49.52)


Present Stake: $2663.18

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum



This Double A Penny Blog is based upon the Doubling Method "How to Double Your Way to a £Million in 28 Steps". Using the Doubling Rule it is an attempt to "Double Your Way to a Million" by going from one penny to a million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan

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5 Comments:

Anonymous Luke Sidewalker said...

Xinfinitum,

Thank you for stopping by my blog The Legend of Luke Sidewalker

I have added you to my links. If you take a look at my last month end report , you will see that I have a few thousand years to go if I adhere solely to my plan! I think I may have to adopt some of your steps.

All the best,

Luke Sidewalker

Friday, April 10, 2009 11:54:00 AM  
Blogger epwait said...

Hey thanks for your great blog I found you through Luke Sidewalker

Sunday, April 12, 2009 12:52:00 PM  
Blogger Xinfinitum said...

Hi Luke and Epwait,

Thanks for stopping by and saying hello.

Luke and I have shared links. Epwait if you would like to share links as well please let me know and I will add you to my "Other Comrades" section.

Regards,
Xinfinitum

Sunday, April 12, 2009 4:18:00 PM  
Anonymous Benjamin Lee said...

The power of interest compounding is great. Anyone who knows its secret will surely be rich as long as he progress step by step and careful of his/her steps.

Risk management will come handy to tackle unforseen losses or risks.

Nice blog.

Monday, April 13, 2009 3:05:00 AM  
Blogger Xinfinitum said...

Hi Benjamin,

Thanks for stopping by.

I agree with your comments about compounding and risk management.

Regards,
Xinfinitum

Monday, April 13, 2009 9:15:00 AM  

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