OK, so noobie me used WealthSimple to gamble a few dollars to learn about how the stock market works.
So I bought 36 shares @ .28 cents apiece of some shitty little gold mining company called Argonaut.
Their value shot up to 39 cents yesterday because of news it's being eaten by a slightly bigger fish called Alamos.
Can someone ELI5 what this means?
News release, with stock stuff in it:
I get the sense that I'm about to be winning, but I'm not sure what to do.
Yes, I consider it little better than gambling.
I spread about $50 bucks around, including some doge and shiba coin. Also eth, but it seems to suck.
Also, this is one of the things I kind of have to mess around with to learn.
Yeah at least crypto doesn't have dark pools.
First time looking into this. This shit should be illegal. Reading the Investopedia article (trying to paint it in a good light) it sounds like one of those "this would be considered illegal if YOU did it but because we own everything, we get away with it" kind of things.
The article is all "Imagine the bind gigantic corporations would be in if they had to follow the rules like everyone else!" and I'm like, "ya".
If you want to just mess around with stock strategy purchases with little risk, I would suggest looking into paper trading. Something like ThinkOrSwim or Investopedia will give you money to 'trade' with and track your portfolio performance for 0 risk.
When Europe had natural gas supply problems in the coldest winter in 20 years but the energy commodities didn't go gangbusters, it just plainly revealed just how much manipulation there is in the market, even without bot trading.
Crippling tax penalties coerces normal people to put their life savings into the market to expose it to the wealthy and well connected and provide the opportunity for them to steal it. Just another economic cycle of Clown World.
The boilerplate investing advice is "just buy the S&P 500, bro." Yet people wonder why companies aren't going bankrupt from woke shit yet.
Forget ESG — Disney, Google, et al. already have your money. And you'll keep feeding them your retirement because "diversification," "muh inflation," "time in the market beats timing the market," or whatever investing pablum you can think of.
Serious investors make the point that strong stock market performance of the past 70ish years isn't guaranteed in the future. Diversification goes beyond 3/6 etf strategies, ideally including a rural estate, food rations, ammunition. Seems less fantastical than society taking the risk of a depression surpassing 1930s virtuously.