The Moon rising over my street the other night (nothing to do with the post really, just adding something)
I will not have the cash to buy into any stock, until Friday (hellooo, payday!)
While it sucks, it gives me time to plan.
I want to add a new investment and add to any existing ones. I will add to any existing investments the are dipping on Friday (buy when red, yeah?). If that play is closed out for the day, I might add a second new investment, if I find the right one.
But what are the two possible new picks? How will I find a new company to buy?
Watch what the people I trust on Public.com are buying this week and do some research on those.
Read the blogs and websites I follow to see what they are talking about.
Listen to some of my favorite money and stock-based podcasts.
Watch some videos from my favorite finance YouTubers.
This is the habit I am trying to forge for when I don’t have money to spend: research. research. research!
Yesterday, Wendy’s Co. became the 2nd biggest earner in my stock portfolio. Yes, you might say I have a weird ass portfolio if Wendy’s is a big producer for me (and you would be right), but I love that it happened.
Investing in Wendy’s is kind of adorable. Stocks need more adorable.
When I started paying attention to my investing and realized I could buy shares of Wendy’s, I was like “Awwww how cute, I can have a piece of Wendy’s!? I am totally buying some of this!” I may have giggled as a bought my little pieces on Public.
Yeah yeah, you might be thinking “Wendy’s? How dumb. I just bought some more Berkshire Hathaway! BRK.B all the way.”
Yeah well, that made me just fall asleep. I don’t care if it is a dumb investment, dude, it’s freaking fun and I am doing it!!
Should You?: Reasons Why I Like Investing In Wendy’s
Wendy’s Frosty pic from Y101radio.com
Frosty’s. I love Frosty’s. It might be my favorite fast food item of all time.
Overall the food is better than most (if not all) the fast-food places at their level. I am especially fond of the breaded chicken sandwiches. I think it’s maybe #6 on the menu – I will usually switch-out the fries with a Ceasar salad, BUT they just recently improved their fries so now that is up in the air.
It is a steady stock. Doesn’t get really crazy either way. Not going anywhere either.
Nostalgia is a factor. Loved them as a kid. It was almost a special treat to have Wendy’s. No, as an adult, I get to throw money at Wendy’s in a more adult way while still having fun – if that makes any sense.
And nobody in fast-food historically beats this commercial:
Is Wendy’s A ‘Meme Stock’?
I had not thought of Wendy’s Co being a meme stock until doing some research for this post. My favorite trading app, Public, says that Wendy’s, is in fact, a meme stock.
So I guess Wendy’s is a meme stock. Not sure if I think that is good or not.
But then it also quotes this guy:
“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday.
So whatever. Meme stock or not, I am still in.
Why Not Get Excited About Buying McDonald’s Stock?
I also have a taste of McDonald’s stock but, it is kind of boring.
Everybody knows about McDonald’s, they are everywhere, and most people that invest in fast-food things have some. But not everybody has Wendy’s.
It’s like a little club.
Wendy’s is an underdog stock – if that is a thing. It’s quiet. Not everyone talks about it, or hardly anyone does. But the stock chugs along. Not only that, Wendy’s dividend (at this moment) is slightly better than McDonald’s.
Wendy’s Stock Dividend Rate
2.48%
McDonald’s Dividend Rate
2.24%
Yes, McDonald’s trades higher. Maybe it will do better in the long run. Maybe. But it will be boring (there is that word again). Investing in Wendy’s is fun.
Yes. You Can Buy Wendy’s Chili In a Can
Sorry, I have to tangent for a second here, in my research for this post I stumbled onto the fact that you can buy Wendy’s Chili in a can!! Would you think less of me if you knew that I am going to try this?
So. Wendy’s stock. Let’s sum up why I think it’s cool!
Frosties are really good and it deserves your dollars.
McDonald’s stock is boring.
Wendy’s has historically better commercials.
Investing in underrated things, like Wendy’s, is more fulfilling.
The beef is with investing in solid stocks that are also fun.
There you are. Why I think Wendy’s stock is cool.
Disclaimer: I am just a dopey blogger. This is not real investment advice. While I really do own stock in Wendy’s, this post doesn’t mean I know what the hell I am even talking about. Please do your own research. Don’t take chances with your money. And don’t take this blog or post as more than entertainment or something to think about.
