Purchased Sabine Royalty Trust

Made a purchase yesterday on 12/7 of Sabine Royalty Trust (SBR) for 40 shares at $49.33/share.

SBR is a royalty trust that receives distribution of royalty and mineral interests from Sabine Corporation. These royalty and mineral interests primarily include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar, nonparticipatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

I have traded this stock before with very good results. And the MONTHLY dividend isn't bad either, currently at a little over 9%.

Watching Currencies

I have always enjoyed and made money trading currencies. If you don't want to get into or open a FOREX account, Currency Shares is the ticket. You trade market currencies as ETF's, and you can buy/sell fairly easily thru your local online broker. There are only 8 currency ETF's offered, but it is enough variety to get your foot in the door and make some money.

My $1 Million Dollar Challenge funds are in my IRA, so this is the only way I can trade currencies. I check the charts every morning and make my decision. So far this week there is nothing I can buy for a trade. Here's an observation - when the dollar is down, the currencies to be buying are FXA (Australian Dollars) FXF (Swiss Francs) FXE (Euros) and FXC (Canadian Dollars).

Good trading.

The Rules of My $1 Million Dollar Challenge

I am a week late in the beginning my $1 Million Dollar Challenge. As I have said before this is an experiment to see if an average investor can take a small grubstake and make a substantial return with the allocated capital. In my case I want to turn my $36,000 that's sitting in my IRA into $1 Million Dollars. I must mention that all of my investment decisions are mine and mine alone. I will not rely on any outside references for tips or advice. I will however be using the internet to research companies, markets, trends, and a charting website. I will not play with options, but I do reserve the right to short my stocks, but I am primarily a long investor. This doesn't mean I will hold a stock long term, I might take profits after a few days and plow them back into other areas.

My goal is to document every decision and investment transaction that I do, here at the BuyStocksLow blog. There may be several posts per day or I might go a few days without posting. As I go along I will reveal what strategy is working and what isn't, I guess that's the REAL point of this experiment. Here are some of my basics rules I will adhere to:

1. I will not risk more then 2% of my total portfolio per transaction.

2. I will not trade based on emotion, tips, or gut instinct.

3. I will trade via my trading rules regardless of which way a trend may occur.

Easier said then done. Wish me luck!

Back To My $1 Million Dollar Challenge

I've been pre-occupied with work and life and it hasn't given me the time in the last year to pursue my $1 Million Dollar Challenge. Now the nonsense is over and I can get back to the business of trying to turn my money. Since last June 2006, I placed a portion of my $28,000 into a mutual fund called, The Permanent Portfolio. (PRPFX). I have had a return of 12%, certainly alot better then the S&P 500 to date. I'll let you know what I plan to do with that account, but bear with me as I ready myself to take on my $1 Million Dollar Challenge.

Greed Is Still Good

The purpose of this website is to record what an investor, with a small amount of money, might accomplish in todays financial markets. My personal goal is to turn $28,000 of my own money into $1,000,000 by the end of 2012, by investing in equity securities in the stock market.

And now the disclaimer: I am not a registered investment advisor, stock broker, securities dealer, or affiliated in anyway with such financial security services or dealers. This website does not offer investment advice nor will it, so don't ask! The companies that I choose to write about and post here are not investment recommendations, and you should always research your own material before investing real money.