Change of Plans; Frontier Communications is First Purchase, Not Twitter : Small Time Blog

Change of Plans; Frontier Communications is First Purchase, Not Twitter

by Bradley Voight on 11/01/13

I want to build a portfolio so I have decided against the Twitter IPO. I bought 30 shares of Frontier Communications FTR @ $4.45 per share for a total of $138.45 after commissions of $4.95. This will be one of our core positions, meaning that we will not close out all 30 shares but we will sell 10 on peaks and buy back 12-15 on dips. This is very boring stuff but it is the best way to build a position from almost scratch. I hope to do the updates for the Smalltime Model Portfolio as a video blog soon so as to make it easier to follow.


So just like that I am a shareholder and I am entitled to a 10 cent per share dividend every 3 months. Remember, we are starting small so we can learn with limited risk. You will be able to see how rich people make their money on a small scale and as you build a few positions you will begin to understand why they talk about stocks on the news all the time.

Why Frontier Communications? This is a company that I have owned before and that I have kept on a watch list for over a year. Watch lists are critical in stock investing. Your watch list is like a bull pin of ready pitchers to be called upon at a moments notice. These are companies that you stay up on the story of, but you don't own any shares of. My watch list is where I turned when I left the greed driven marijuana stocks. I keep about 100 companies on my list. I can't follow all 100 closely but I can know a few things about each company's story. Remember every company has a story that is already mostly written. All you have to do is get caught up on what has transpired to date and then follow all the quarterly conference calls and you can know almost everything there is to know without being an insider or an analyst!

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