OK, so I have missed a couple of updates. I warned you that this may happen. I’m busy (or at least I pretend to be).
I decided that I needed another way to increase profit and money and freedom so every Wednesday I will be investing $5 into ARKK at the current market value. This is something called dollar-cost averaging. “Dollar-cost averaging is a tool an investor can use to build savings and wealth over a long period. It is also a way for an investor to neutralize short-term volatility in the broader equity market.” It’s what you are doing if you invest in a 401(k) or IRA. Why ARKK? I wanted an ETF so I am further diversifying my money and hopefully minimizing the risks along the way. Another reason is the steady growth that it has seen across its history.
Time to catch you up on things:
- September 28, 2021
- Sell – HEXO $2.00 15 Oct 21 Put 100
- September 29, 2021
- Buy – $ARKK 0.04508 shares
Net account value – $607.38
I am using Webull (the link will earn me free stocks) as my trading platform.
*I am not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and I am not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk.