Not sure if now is the best time to buy stocks. We may have better deals in fall. Nonetheless, I decided to get back into stock buying and will continue to do so for as long as possible.
The Second Wave of Bargain Shopping - AQN, SRU, NFI, ENB, BNS
Today I pulled the trigger and finally bought more stocks. The last time I bought stocks was 3 months ago. I must admit that prices in March were lower due to the uncertainty about the economy. Back then nobody knew how bad the pandemic would damage the economy. Now that most places are back to business, the general sentiment about the economy has improved. Even the demand for gas has improved and gasoline prices are almost back to normal.
Not sure if now is the best time to buy stocks. We may have better deals in fall. Nonetheless, I decided to get back into stock buying and will continue to do so for as long as possible.
Not sure if now is the best time to buy stocks. We may have better deals in fall. Nonetheless, I decided to get back into stock buying and will continue to do so for as long as possible.
Portfolio Value Update - May 2020
Portfolio Value
In May, my stock portfolio value decreased by $855 and closed at $71,972. I was expecting my portfolio to drop even more because of the shutdowns and high unemployment rate. Our economy is already starting to open so this might be a positive catalyst for the stocks in June. However, I’m not too excited to jump into stocks until Q2 reports are out in August. The Q1 was bad for most companies, but that only includes a few weeks of shutdown in March. The Q2 will reflect April – May shutdowns and June recovery. That will be interesting to read.
In May, my stock portfolio value decreased by $855 and closed at $71,972. I was expecting my portfolio to drop even more because of the shutdowns and high unemployment rate. Our economy is already starting to open so this might be a positive catalyst for the stocks in June. However, I’m not too excited to jump into stocks until Q2 reports are out in August. The Q1 was bad for most companies, but that only includes a few weeks of shutdown in March. The Q2 will reflect April – May shutdowns and June recovery. That will be interesting to read.
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