February 2021 Mid Month Stock

I broke my rule. I was only going to buy $30 in stock, once a month. Thursday, I was playing around on WealthSimple and saw two stocks for under $1.00. The stock was for Bombardier class A and Class B (I had no idea what the difference was at the time). Class A BBD.A was $0.85 and Class B was $0.58. Because they were so cheap, I bought one of each. I figured “Why not?” when the total price was under $2.00. I put a limit buy for each of them for $0.99. I got Class A for $0.84 and Class B for $0.58.

I know now that the difference between the two was voting rights, according to this website. From what I read, I should have purchased the Class B stock, as I am not interested in voting rights and it was much cheaper.

Bombardier is not doing well and will be laying off 1600 employees. I only bought it because I liked the price (and the name. Bombardier, I like the mouthfeel of the word). These are some of the reasons you should never take financial advice from me. Mouthfeel, is not likely a solid method for choosing stocks.

I am reading the book pictured below (I purchased it from Indigo), to learn a better method for choosing stocks.