My January Stock Purchases: RGTI and NVIDIA

 As January draws to a close, I took a strategic step towards bolstering my investment portfolio by executing a series of stock purchases. On January 27, 2025, I made three distinct acquisitions that reflect my commitment to diversifying my holdings and capitalizing on promising market opportunities.

Rigetti Computing, Inc. (RGTI)

My first purchase of the day was Rigetti Computing, Inc. (RGTI), a key player in the quantum computing space. I acquired 4.09332 shares at a price of $12.22 per share, amounting to a total investment of $50.00. This transaction was executed at 9:31 AM ET within my Roth IRA account. Rigetti's innovative approach to quantum computing positions it as a potential game-changer in the tech industry, making it an exciting addition to my portfolio.I am averaging it down and would like to build a position of 100 shares .

NVIDIA Corporation (NVDA)

My subsequent purchases focused on NVIDIA Corporation (NVDA), a renowned name in the semiconductor and AI technology sectors. At 9:34 AM ET, I secured 1.22896 shares at $126.94 per share, totaling $156.00, also within my Roth IRA account. NVIDIA's consistent innovation and market leadership have made it a staple in my investment strategy.

The highlight of my trading day came at 10:35 AM ET, when I significantly expanded my holdings by acquiring 100 shares of NVIDIA at $124.61 per share using margin trading. This substantial investment, amounting to $12,461.00, was executed in my individual account with a margin loan at an APR of 5.75%. I am confident that NVIDIA's trajectory will continue to yield positive returns and solidify its standing as a cornerstone of my portfolio.

I am hoping that NVDA plunge on Jan27th is just temporary and also based on Today Market reacting i may sell a covered call  with jan 31st expiration.

Margin Trading: A Double-Edged Sword

The highlight of my trading day came at 10:35 AM ET, when I significantly expanded my holdings by acquiring 100 shares of NVIDIA at $124.61 per share using margin trading. This substantial investment, amounting to $12,461.00, was executed in my individual account with a margin loan at an APR of 5.75%. Viewing this as a short-term trade opportunity, the margin interest rate was notably competitive compared to Robinhood's previous rates.

Using margin allowed me to amplify my potential gains, but it also came with additional risks and costs. For my $12,400 margin loan over 7 days, the interest payment amounted to $13.66. Assuming a hypothetical profit of $1,000 on the NVDA trade, after accounting for the margin costs, my net profit would be $986.33. Not bad for a week's work, but it's crucial to remember that margin trading can amplify losses just as easily as gains.

These transactions underscore my dedication to making informed investment decisions that align with my financial goals. By investing in both emerging technologies and established market leaders, I am positioning myself for long-term growth and success.

Looking Ahead

While NVIDIA faced a significant setback, many analysts remain optimistic about its long-term prospects in the AI chip market. As for Rigetti Computing, it's a smaller player in the quantum computing space, rated as a "Strong Buy" by analysts but with a price target significantly below my purchase price.