Sharing Daily Discoveries About Personal Finance And Business Topics

Cashing Out My Stocks

financial planning

Towards the end of last month I decided that I wanted to cash out my stocks from my initial dip into the world of investing. It was an interesting experience I thought as I was able to see the highs and lows of people who invest for a living. I only had less than fifty shares and considering the Canadian dollar seems to be increasing I figured that I may as well cash it and try something else.

By no means am I an expert with this though. I’ve had it for a little over a year and a half with an initial investment of about $1200. The check value that arrived in the mail today was $2005.45. I can easily see how if I invested more in this case the return would have been very good.

I also did get tiny dividend checks during this time as well. So, let’s just say for simplicity sake I made about $800 Canadian with this learning experience. I know that if I cashed it out early this year I would have gotten more as it was valued at about $2600+ and plus that time the US dollar was higher. Maybe I can get some good tips and pointers to try something like this again in the near future.

So, I guess I’ll use that profit for my pool of funds accumulated for this journey so far. The rough breakdown would kind of be like this to date:

Stock Investment: $800
Web Publishing: $105.54
Million Dollar Term: $100

Total: $1005.54

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