Category: Stock Journaling

Stock Journal: Waiting To Invest

Mike Seay
Moon rising through trees and over a dead end street
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!

One of the YouTubers I follow:

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.