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How to Invest HQ: New Purchases & July’s Contribution (AMZN, LNKD)

How to Invest HQ: New Purchases & July’s Contribution (AMZN, LNKD)

Just a quick note to those following the How to Invest HQ Portfolio (if you are not following it, you should be!). I made two purchases on behalf of the portfolio today:

  • 5 Shares of Amazon (NASDAQ: AMZN) at $324.00 per share.
  • 6 Shares of LinkedIn (NYSE: LinkedIn) at $166.44 per share.

The $1,620 used to purchase the 5 shares of Amazon was covered from the recent sale of 12 shares of Zillow (NASDAQ: Z) at $140.14 per share. This sale resulted in $1,681.68 sitting in the How to Invest HQ Portfolio in the form of cash. Of that $1,681.68, $1,620 was used to purchase the 5 shares of AMZN, leaving $61.68 leftover. The total LNKD purchase was $998.64; the $61.68 was used towards that purchase. The total outside contribution to make this purchase was $936.96.

This brings the portfolio to 8 shares of AMZN with an average price per share of $316.125 and 16 shares of LNKD with an average price paid per share of $183.56.

A full summary for the past month and more details on why I chose these two particular purchases will follow on the July 2014 monthly update, set to go live July 1st. Check back then for details on monthly and year to date performance along with more details and rationale of these latest purchases.

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