You just say, “Fuck it” and start selling everything.
Don’t wait until the perfect time. Don’t get sentimental. Just cut them loose.
Okay, well, I did wait till there was an ‘up day’ and started selling everything. But it was one day after I had decided I needed to sell it all, timing happen to be good.
I truly only started paying attention to trading a year ago, and I got my ass kicked. “Lucky” for me I am broke, so I didn’t have a lot of money to lose, but I lost money.
When you’re broke, losing money sucks even harder.
Sorry, daughter, I can’t buy you that new shirt for school, daddy bought Apple at the wrong time.
So, I was kind of pissed off at the whole thing and sold everything but five stocks. From 55 to five in two days of purging.
Then I pivoted my investing strategy.
Since I suck and I am an idiot, but still want to keep investing, I put my ego aside and went all in with ETF stocks.
Let someone else figure out what’s good, because I sure as hell don’t know what the hell I am doing (even though I thought I did).
Update: Since pivoting to a small about of ETF choices (with one ‘moon shot’ stock), I have been up the past two days of trading. Very very slightly up, but up.
Normally, I only have the occasional day that I am up. So, I might be making progress.
I will continue to post here and send out newsletters from here, and keep you updated so maybe you can learn from my good and bad choices, or at least be entertained.
Not me. Just some dude in a stock photo (Photo by Wes Hicks on Unsplash)
I am starting to really love that buzz, ya know?! That buzz from when you have a little cash to play with and are searching for the right place in the market to put it.
This isn’t always the case. Many days I have only .22 cents to invest with (really). And other days the stock market just isn’t very happening, or it’s simply closed (how DARE it).
So what to do? Here are a few things I have been doing and maybe you can find one that will help:
Read. Read up on all the investment blogs and newsletters. You probably have some investing book you bought a year ago you have barely opened, or some classic Warren Buffet book you’ve been meaning to buy.
Comment. Whatever trading app you use that has a social element (Public is good for this), comment on other users posts – make some financial friends. Trader Twitter and YouTube are good for this too.
Sell some stocks. Now you have some cash again. This is probably bad advice, don’t use it – truth be told though, I do this.
Podcast listen. There are plenty of investing podcasts out there. Start finding some and take notes along the way.
Take notes. Always have a notebook around and right down investment ideas you have and good info you come across.
Trim. Take a look at what you have and see if you could benefit from trimming some stocks. Maybe it’s time to sell or trim something off and take that cash and put it elsewhere.
YouTube. Like podcasting, there are a ton of investor YouTubers. I am new to this genre, so I am still figuring out the people I would trust enough to listen to every day – when I get a list going I will post about it here.
From recent viewing experience, even if you don’t have a playlist of YouTube traders yet, you can always watch a Buffet video:
Thanks for being here and good luck with your trading this week! 💵
In my whole portfolio I have pretty much been breaking even this past week, but here are my top three stocks as of late:
Rocket Lab USA (RKLB) +9.02.
Pineapple Holdings Inc! (PEGY) +8.33%
Roblox (RBLX) +3.40%
It’s a big surprise to me that THESE are the stocks keeping my head above water this past week of investing.
Roblox especially has been a loser through much of the time I have had the stock. I bought Roblox because my daughter plays it all the time and spends money on it. So that was good enough for me. It only now is “paying” off.
Pineapple Holdings Inc! Is a solar company with a portfolio of solar businesses. It’s really cheap which makes it less likely to hurt if something goes wrong, but fills good because it’s investing in solar. At this point I am not too sure why I started investing in this one. I feel like I am going to sell it soon but glad it’s doing well.
Rocket Lab is one I just thought would be a fun one, with some potential. They are from Long Beach, California – an area I lived in for the second half of my teen years. And they are an aerospace company that specializes in Launch Services (I like space related companies).
It is very satisfying that my top recent stocks are all three ones that are based in heart & joy investing – my favorite kind.
-Mike $
One more thing, since we are here talking about Roblox, there are Roblox plushies and action figure collections one could purchase (you know, help that stock push up, lol.
*This blog or post is not investment advice. You should know I don’t really know what I am doing, this is mostly for entertainment with the hopes you can get something from this.
Yesterday, Wendy’s Co. became the 2nd biggest earner in my stock portfolio. Yes, you might say I have a weird ass portfolio if Wendy’s is a big producer for me (and you would be right), but I love that it happened.
Investing in Wendy’s is kind of adorable. Stocks need more adorable.
When I started paying attention to my investing and realized I could buy shares of Wendy’s, I was like “Awwww how cute, I can have a piece of Wendy’s!? I am totally buying some of this!” I may have giggled as a bought my little pieces on Public.
Yeah yeah, you might be thinking “Wendy’s? How dumb. I just bought some more Berkshire Hathaway! BRK.B all the way.”
Yeah well, that made me just fall asleep. I don’t care if it is a dumb investment, dude, it’s freaking fun and I am doing it!!
Should You?: Reasons Why I Like Investing In Wendy’s
Wendy’s Frosty pic from Y101radio.com
Frosty’s. I love Frosty’s. It might be my favorite fast food item of all time.
Overall the food is better than most (if not all) the fast-food places at their level. I am especially fond of the breaded chicken sandwiches. I think it’s maybe #6 on the menu – I will usually switch-out the fries with a Ceasar salad, BUT they just recently improved their fries so now that is up in the air.
It is a steady stock. Doesn’t get really crazy either way. Not going anywhere either.
Nostalgia is a factor. Loved them as a kid. It was almost a special treat to have Wendy’s. No, as an adult, I get to throw money at Wendy’s in a more adult way while still having fun – if that makes any sense.
And nobody in fast-food historically beats this commercial:
Is Wendy’s A ‘Meme Stock’?
I had not thought of Wendy’s Co being a meme stock until doing some research for this post. My favorite trading app, Public, says that Wendy’s, is in fact, a meme stock.
So I guess Wendy’s is a meme stock. Not sure if I think that is good or not.
But then it also quotes this guy:
“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday.
So whatever. Meme stock or not, I am still in.
Why Not Get Excited About Buying McDonald’s Stock?
I also have a taste of McDonald’s stock but, it is kind of boring.
Everybody knows about McDonald’s, they are everywhere, and most people that invest in fast-food things have some. But not everybody has Wendy’s.
It’s like a little club.
Wendy’s is an underdog stock – if that is a thing. It’s quiet. Not everyone talks about it, or hardly anyone does. But the stock chugs along. Not only that, Wendy’s dividend (at this moment) is slightly better than McDonald’s.
Wendy’s Stock Dividend Rate
2.48%
McDonald’s Dividend Rate
2.24%
Yes, McDonald’s trades higher. Maybe it will do better in the long run. Maybe. But it will be boring (there is that word again). Investing in Wendy’s is fun.
Yes. You Can Buy Wendy’s Chili In a Can
Sorry, I have to tangent for a second here, in my research for this post I stumbled onto the fact that you can buy Wendy’s Chili in a can!! Would you think less of me if you knew that I am going to try this?
So. Wendy’s stock. Let’s sum up why I think it’s cool!
Frosties are really good and it deserves your dollars.
McDonald’s stock is boring.
Wendy’s has historically better commercials.
Investing in underrated things, like Wendy’s, is more fulfilling.
The beef is with investing in solid stocks that are also fun.
There you are. Why I think Wendy’s stock is cool.
Disclaimer: I am just a dopey blogger. This is not real investment advice. While I really do own stock in Wendy’s, this post doesn’t mean I know what the hell I am even talking about. Please do your own research. Don’t take chances with your money. And don’t take this blog or post as more than entertainment or something to think about.
The most import segment of Friday’s “Halftime Report” on CNBC was Prof. Siegel pointing out that wages are dramatically lagging behind inflation “Wages are in CATCH-UP mode!”
The Fed and Wall Street tends to not give a shit about us workers. They seem to be only happy when we are out of work and/or underpaid.
