Category: Stock Journaling

Building Back In Why This Blog Is Here

Mike Seay Leave a comment

Earlier today I had a rant in my head about being broke and sweating it out every time I put my debit card in the register, hoping it makes it through. And that has to do with why the blog is here.

The gist is, or want to get across to you is, that all my posts, the reason for this site/blog is it is coming from a person that sometimes has problems rubbing two nickels together (really). But wants to be good at investing in the market. At making extra money by investing.

I am working class man that rarely gets the extra $10 to invest in a stock.

But I am going to keep grinding. Keep looking for something to put ten bucks into. 

I don’t hear a lot of voices out there in the investing world like that. So why not be one?

Glad you’re here. Hope we can help each other.

Stock Journal: Waiting To Invest

Mike Seay
Moon rising through trees and over a dead end street
The Moon rising over my street the other night (nothing to do with the post really, just adding something)

I will not have the cash to buy into any stock, until Friday (hellooo, payday!)

While it sucks, it gives me time to plan.

I want to add a new investment and add to any existing ones. I will add to any existing investments the are dipping on Friday (buy when red, yeah?). If that play is closed out for the day, I might add a second new investment, if I find the right one.

But what are the two possible new picks? How will I find a new company to buy?

  • Watch what the people I trust on Public.com are buying this week and do some research on those.
  • Read the blogs and websites I follow to see what they are talking about.
  • Listen to some of my favorite money and stock-based podcasts.
  • Watch some videos from my favorite finance YouTubers.

This is the habit I am trying to forge for when I don’t have money to spend: research. research. research!

One of the YouTubers I follow:

Stock Journal: A Clean Account

Mike Seay

I have abandoned all of my dividend stocks. That goes for my (now) previous holdings and for my currently watching companies.

For dividends to be impactful you need a lot invested in the company. I don’t have a lot of cash. I believe in being dividend-focused for long term, but I was just spinning my wheels and going nowhere with so little invested. 

Time being, I am more focused on stable growth. One day when I have more cash I will get back into dividend companies & ETFs because they are awesome, just not for broke people like me 🤣.

So with that theme of stable growth, I also dumped my two risky but possible high-reward plays: AGRI (Agriforce) and SLI (Standard Lithium). Too much volatility and stress so I chucked them.

I still think those two will do well someday, but I am favoring a more mellow portfolio for the moment.

Now I have a less stress, lean & mean portfolio:

The only tension now is wanting more cash to dump into those six.

Thanks for reading. Good luck to you and your investments this week.