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.
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.