I bought my first stock today! I didn’t get it until my second attempt. I learned that there is a market price, and a limit buy. If you ask the market price, you might end up paying more than you expected. With the limit buy, you put the maximum price you are willing to pay. My first try I put the limit price too low and it was cancelled, my second attempt was successful.
I bought one share of GFL this morning for $38.17, on WealthSimple (it’s up $0.05!). The reason I picked it, is because GFL is a waste management company. China stopped taking a lot of Canada’s garbage and recycling a couple years ago and we’re likely not going to be able to keep dumping our trash onto other countries. We’re going to have to start managing it here. That was my thought process, and I haven’t researched any of that. I could be completely wrong here. The stock seems to be climbing and I’m going to be obsessively checking on it. Do not use anything in my blog for advice on investing. I have no idea what I’m doing!
My lack of researching is one of the many reasons I’ve set a limit of $30.00 a month. Since I spent more than that on this stock, I can only spend $21.83 next month. I haven’t picked out the next stock yet, but I’m going to wait until February to get it.
Lobster Shorts 