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 my April stock a little early, but since it is almost April, I went ahead and made the purchase. I bought two stocks and went a little over budget. Not because I was positive these were sure things, it was because I felt like it. These were both USA stocks, so I had to pay a conversion rate for them.
The first was Vizio (VZIO), they sell smart TVs. I bought one share for $21.47 with a conversion rate bringing the total for one share to $27.44. I picked this one because most people have smart TVs and I can’t see them losing popularity any time soon. The second stock I bought was one share of SEMrush Holdings Inc (SEMR) for $11.97 with the conversion rate bringing the total to $15.30. SEMrush has something to do with online marketing campaigns and ads.
I had also wanted to buy a stock in InnoVage Holdings Corp (INNV) an American company that deals with senior care, but I was over budget already. I thought this might be a good one as we have an aging population. Possibly it will be my pick for next month. I was also interested in stock in Joann Inc (JOAN), the American craft store (one share around $10.00. My instinct was to pick this one right away as I love crafts, but when I compared it to Michaels, the other big craft store that has been around forever, the stock was worth around $20.00. Although that is double the price, after I pay the conversion rate, I wouldn’t be that much ahead and that is only if the stock caught up to Michaels. I may regret that decision one day, but for now that’s what I chose to do. I really want to buy a share of MITC the 3D meat printing company (Meat-Tech), but they were currently not available on the Wealthsimple platform. This is the one I wanted the most and I’m hopeful it will available on my trading platform soon. I requested it, but they haven’t added it so far. I would probably break my budget rules (again) if it becomes available soon.
Here’s a list of how my current stocks are performing:
GFL bought January 14/2021 for one share at $38.17, currently worth $42.79.
WISH bought Feb 01/2021 it was $31.85 + conversion fees, costing a total of $41.44 for one share, currently worth $15.61. I’m getting really screwed with this one. This is the one I thought would go up really fast as Wish is such a big company.
BBD.A bought Feb 19/2021 for one share at $0.84 for one share, currently worth $1.03.
BBD.B bought Feb 19/2021 for one share at $0.58, currently worth $0.87. This one is performing surprisingly well. I’m tempted to buy a couple more shares.
PSYK bought Feb 24/2021 for one share at $10.71, currently worth $8.32
PTVE $14.51 +1.28 exchange rate fee, for a total of $18.54 bought March 02/2021 – currently worth – $13.92
Currently, I’m more in the hole than profiting, but I’m going to hold onto the stocks that are doing poorly anyway and hope they come up in value.