Lobster Shorts finances, stock market

Stock Update March 2021

Disclaimer: I am not a financial professional. This my own personal, uneducated journey through the stock market. Do not use this blog for financial advice.

How are my stocks performing? See for yourself.

GFL bought January 14/2021 for one share at $38.17, currently worth $40.81.

WISH bought Feb 01/2021 it was $31.85 + conversion fees, costing a total of $41.44 for one share, currently worth $18.68 (ouch).

BBD.A bought Feb 19/2021 for one share at $0.84 for one share, currently worth $0.84.

BBD.B bought Feb 19/2021 for one share at $0.58, currently worth $0.57.

PSYK bought Feb 24/2021 for one share at $10.71, currently worth $9.98

Today I bought PTVE (Pactive Evergreen Inc. They are a food packaging company for restaurants) for $14.51 +1.28 exchange rate fee, for a total of $18.54. I bought it because people are eating out more often and with the pandemic they are using a lot of take out containers. I also bought it because I only had $20.00 left of my $30.00 a month stock spending limit.

Well, at least one of my stocks is doing okay lol. I can’t say the same for the rest, but again it’s early. I hope they do much better in the future. Maybe a couple of months is too soon to tell?

Lobster Shorts finances, stock market

PSYK – The Psychedelic Stock

Disclaimer: I am not a financial professional. This my own personal, uneducated journey through the stock market. Do not use this blog for financial advice.

I bought a single share of PSYK – Horizons Psychedelic Stock on February 24/2021 for $10.71. It is currently worth $9.79 – not off to a great start. I was supposed to wait until March, this happens when I browse. I buy stuff. I’m going to make a rule for myself of no browsing stocks until the next month. If you haven’t seen my previous posts about buying stocks, I am limiting myself to $30.00 a month in stocks, since I am new and know nothing about the stock market.

PSYK attracted my attention because it was new and, well it’s about psychedelics. I believe the stock is an ETF (exchange traded fund), which I think means that it’s a group of stocks. I didn’t realize that when I bought it. There’s SO much I don’t know. The stock involves psychedelics in the healthcare sector, you can find more information about it here.

Lobster Shorts lifestyle

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.

Lobster Shorts finances, stock market

February 2021 Stock Of The Month

I bought my second stock, one share of WISH. One share came to $41.44 Canadian, through Wealthsimple. There are no brocker fees on Wealthsimple, but they do charge you currency conversion fees. So I ended up paying an extra $6.00 Canadian on top of the stock price, adding up to $41.44, for the one share.

I went a little over my budget this month. Wish is new on the market. I wasn’t sure if it was still relevant, but I asked one of my younger acquaintances and she said her and her friends still shop there often. I myself do not. The vendors on Wish are known for swiping photos from other stores and sending you a cheaper, crappier version of the product you thought you were buying. There are many videos on Youtube of this happening. If you do shop there, make sure there are reviews with photos.

I bought the stock because it’s a popular store and the company is worth a lot of money. The next day after I bought it, the stock dropped a lot. It went up a little bit, but I’m still down (especially with the currency conversion fees). My GFL stock dropped too, but last time I checked I was up a couple cents. I’m not a rich gal yet

Lobster Shorts finances, stock market

My First Stock

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.