Probably not, but I’m still going to do it. I started reading “Rich Dad Poor Dad” (I’m still reading it). I’m a 40 something receptionist, in debt, with poor spending habits (please refer to previous blog posts of rampant shopping sprees on Aliexpress and Ebay), I have no savings, and I’m not practical. I always pay my bills on time, my credit is excellent, but I have nothing to show for this admirable credit rating, besides being a financial institutions wet dream of incessant spending, while barely topping the minimum payment.

Wealth Simple has a Trading & Crypto feature (I have no idea what Crypto is, but let’s be real, do I even have any informed idea what trading is – no). I signed up with Wealth Simple, but had difficulty linking my financial institution with the trading feature. I kept trying, doing the same thing over and over again, and it finally worked (what’s that old saying about doing the same thing over again?). I don’t know what the problem was, but I was able to add funds and now I’m waiting for them to clear.

So now I wait. I have a stock picked out (it’s a Canadian company and I’ll tell you what it is when I can actually purchase my first stock. I had initially wanted to purchase a stock for MINISO (that odds and ends store found in malls in Canada), but it wasn’t listed with Wealth Simple. No idea why some stocks aren’t there. I have no idea what any of the stock lingo means. I have a list of books I need to get my hands on this, being one of them.

It’s pretty obvious here I don’t know what I’m doing. It’s gambling. Right now I’m unable to make an informed decision, but being the overly impatient person I am, I’m proceeding. I’ve decided $30 a month is a safe enough amount to royally screw up. Some of you might be yelling at your screen… that I should apply it to my debt, and you’re probably quite right to do so, but this is an experience I want to have. Hopefully I learn a lot and get good at it!

2 thoughts on “Can A Clueless Person Play The Stock Market?

  1. Oh boy. My husband has stocks. Has for years. He gains. He loses. He gains again. He’s always after me to invest my money (what little I have) and trying to explain stocks and bonds and RSPs and all that. He has a business degree. I have an English degree… my mind doesn’t get the stock game. To me it is gambling, which I never do (I don’t even buy lottery tickets). I wish you luck with this. If it’s something you want to learn, well, learning is always a good thing!

    Like

    1. It’s gambling to me too. I will need all the luck I can get lol. I am looking into online accounting classes with a flexible schedule. I’ve been terrible with money.

      Liked by 1 person

Leave a comment