Category: Blog

Stock Journal: A Clean Account

Mike Seay

I have abandoned all of my dividend stocks. That goes for my (now) previous holdings and for my currently watching companies.

For dividends to be impactful you need a lot invested in the company. I don’t have a lot of cash. I believe in being dividend-focused for long term, but I was just spinning my wheels and going nowhere with so little invested. 

Time being, I am more focused on stable growth. One day when I have more cash I will get back into dividend companies & ETFs because they are awesome, just not for broke people like me 🤣.

So with that theme of stable growth, I also dumped my two risky but possible high-reward plays: AGRI (Agriforce) and SLI (Standard Lithium). Too much volatility and stress so I chucked them.

I still think those two will do well someday, but I am favoring a more mellow portfolio for the moment.

Now I have a less stress, lean & mean portfolio:

The only tension now is wanting more cash to dump into those six.

Thanks for reading. Good luck to you and your investments this week.

Pouring a New Investing Foundation

Mike Seay

I keep having to sell every damn thing because I end up needing the cash. It has messed me up too many times. Just when I think I have got things figured out, I have to sell all my holdings so I can pay the mortgage.

I just had to do this. Almost went to zero. Only a handful of Agriforce (AGRI) and Standard Lithium (SLI) remained – I had to keep some sort of skin in the game.

Today, I am getting back in, even though it’s with only $100. I am finding out that when you have super limited cash to put in the market, you tend to focus more. These are the companies I am buying into to start a new investment foundation:

Yes, I am late on all of these. And I don’t care where they are at, I am going to buy them, DCA style, and just do it – even Benzinga knows Palantir is still hot for a reason. Normally I have a rule of only buying when the stock is at its lowest of the week, but not this time.

I am pretty excited about this because I haven’t had much going on since I had to rob my portfolio. But today begins the slow climb back and I will keep you updated.

Good luck with your portfolio today and thanks for reading.

-Mikey

P.S. Lately, I have been learning how to be a no-code developer on Make.com and if I can do it, you can too: check out Make.com. Cheers!

Restarting My Portfolio From Rock Bottom

Mike Seay

I have been away from posting here and on the newsletter.

It has been hard to motivate and post because I had to sell everything (again). Cashed out.

In the real world, I have been barely squeaking by. I needed cash so bad I could only leave myself with $21 in my Public account.

I missed out on so much NVIDIA profit. I had a lot of NVIDIA-related investments too…okay well, not a lot to the outside world, but to me. $600 worth if you include NVDY. But I sold it and then it went on another run like NVDA does.

Bitterness sets in.

But I am coming back now because I want to document what I hope is a comeback. What can I do from here? With $22 dollars in my Public account? Can I build it back and leave it alone (not rob from it)?

Here are my holdings as I post this:

KO and GIS are forever stocks for me. NVDY was intended to be an income generator (until I had to sell most of it) and I plan to build that back – as long as the NVIDIA Train keeps chugging.

LLAP and HLTH were sorta of penny stocks I bought because I only had a couple of bucks and wanted to buy SOMETHING, just to feel like I was staying involved.

It Begins Again

Starting tomorrow I will have a little cash to put in and a little more knowledge than I had two years ago when I started paying attention to the market. Hope you join me.

I plan to post every Monday at least if not before. Hope you join me and you can learn something along with me or at least be entertained.

-Mikey

How To Purge Your Stocks

Mike Seay

You just say, “Fuck it” and start selling everything.

Don’t wait until the perfect time. Don’t get sentimental. Just cut them loose.

Okay, well, I did wait till there was an ‘up day’ and started selling everything. But it was one day after I had decided I needed to sell it all, timing happen to be good.

I truly only started paying attention to trading a year ago, and I got my ass kicked. “Lucky” for me I am broke, so I didn’t have a lot of money to lose, but I lost money.

When you’re broke, losing money sucks even harder.

Sorry, daughter, I can’t buy you that new shirt for school, daddy bought Apple at the wrong time.

So, I was kind of pissed off at the whole thing and sold everything but five stocks. From 55 to five in two days of purging.

Then I pivoted my investing strategy.

Since I suck and I am an idiot, but still want to keep investing, I put my ego aside and went all in with ETF stocks.

Let someone else figure out what’s good, because I sure as hell don’t know what the hell I am doing (even though I thought I did).

Update: Since pivoting to a small about of ETF choices (with one ‘moon shot’ stock), I have been up the past two days of trading. Very very slightly up, but up.

Normally, I only have the occasional day that I am up. So, I might be making progress.

I will continue to post here and send out newsletters from here, and keep you updated so maybe you can learn from my good and bad choices, or at least be entertained.

-Mikey

What I Do When I Have No Money To Make Trades

Mike Seay 1 Comment
Not me. Just some dude in a stock photo (Photo by Wes Hicks on Unsplash)

I am starting to really love that buzz, ya know?! That buzz from when you have a little cash to play with and are searching for the right place in the market to put it.

This isn’t always the case. Many days I have only .22 cents to invest with (really). And other days the stock market just isn’t very happening, or it’s simply closed (how DARE it).

So what to do? Here are a few things I have been doing and maybe you can find one that will help:

  • Read. Read up on all the investment blogs and newsletters. You probably have some investing book you bought a year ago you have barely opened, or some classic Warren Buffet book you’ve been meaning to buy.
  • Comment. Whatever trading app you use that has a social element (Public is good for this), comment on other users posts – make some financial friends. Trader Twitter and YouTube are good for this too.
  • Sell some stocks. Now you have some cash again. This is probably bad advice, don’t use it – truth be told though, I do this.
  • Podcast listen. There are plenty of investing podcasts out there. Start finding some and take notes along the way.
  • Take notes. Always have a notebook around and right down investment ideas you have and good info you come across.
  • Trim. Take a look at what you have and see if you could benefit from trimming some stocks. Maybe it’s time to sell or trim something off and take that cash and put it elsewhere.
  • YouTube. Like podcasting, there are a ton of investor YouTubers. I am new to this genre, so I am still figuring out the people I would trust enough to listen to every day – when I get a list going I will post about it here.

From recent viewing experience, even if you don’t have a playlist of YouTube traders yet, you can always watch a Buffet video:

Thanks for being here and good luck with your trading this week! 💵

-Mike

**I also have a newsletter version of Buy When Red.

My Three Hottest Stocks Last Week

Mike Seay

In my whole portfolio I have pretty much been breaking even this past week, but here are my top three stocks as of late:

  • Rocket Lab USA (RKLB) +9.02.
  • Pineapple Holdings Inc! (PEGY) +8.33%
  • Roblox (RBLX) +3.40%

It’s a big surprise to me that THESE are the stocks keeping my head above water this past week of investing.

Roblox especially has been a loser through much of the time I have had the stock. I bought Roblox because my daughter plays it all the time and spends money on it. So that was good enough for me. It only now is “paying” off.

Pineapple Holdings Inc! Is a solar company with a portfolio of solar businesses. It’s really cheap which makes it less likely to hurt if something goes wrong, but fills good because it’s investing in solar. At this point I am not too sure why I started investing in this one. I feel like I am going to sell it soon but glad it’s doing well.

Rocket Lab is one I just thought would be a fun one, with some potential. They are from Long Beach, California – an area I lived in for the second half of my teen years. And they are an aerospace company that specializes in Launch Services (I like space related companies).

It is very satisfying that my top recent stocks are all three ones that are based in heart & joy investing – my favorite kind.

-Mike $

One more thing, since we are here talking about Roblox, there are Roblox plushies and action figure collections one could purchase (you know, help that stock push up, lol.

*This blog or post is not investment advice. You should know I don’t really know what I am doing, this is mostly for entertainment with the hopes you can get something from this.