In Investing, Money

Dropped another $64,740 into the market

I put about $50K in the market in October, and I recently dropped another chunk of my emergency freelancer fund into the market because I am on a contract which ends sometime next year in the early spring, but I am extremely confident I will stay until at least the start of summer – they cannot find anyone else to do this work, and it is not something that is going to end, at the same time as my contract.

The only way I am going to get fired is if they fire everybody. This is not likely to happen, they have already invested millions into this project and are very close to fruition.

As a side note — how it works, is that anyone who joins, even if you KNOW you need them for a longer period, has their contract end dates all put at the EXACT SAME TIME as everyone else, because it is less paperwork and hassle for administration. They know to then extend everyone at once whom they want to keep until the next year, and go through each person like a number – Yes, Yes, No, Yes, No, Yes, Yes, Half Year… etc.

If you have wonky end dates that end in the middle of the month, or are “off” from the others, administration is a pain.

But I am not here to talk about that, I dropped another chunk of money into the market all at once.


All at once!? Why not do dollar cost averaging?

I cannot be bothered to remember to go back in and buy $1000 or $2000 every week until the $64K is gone.

I’d rather just invest it, and leave it for the long-term.

I read an article somewhere that dollar cost averaging doesn’t actually pan out as well as people think, and being invested in the market earlier and for a longer period of time is more important. Who knows? I just know I am busy.

What I bought

Disclaimer: This is by no means an indication that you should also buy the following stocks. Do your own research, and all that jargon. I am just telling you what I bought, and I am not a certified financial planner or advisor (LOL not that I put much stock in that anyway, seeing who I have come up across in the years, it is like any business – a hit and miss).

Index funds: U.S. Total Stock, All Cap except U.S. and Canada. ($46,740)

Risk: Low-Ish (not as low as bonds, or cash but low)


I bought a bunch of U.S. total stock (VFV), All cap except U.S. (VDU) and Canada (VCE).

The bulk of that $64K went here because I promised myself to stop having heart eyes at dividend stocks (it is very hard, I have so many more dividend stocks I want to buy) and to finally shore up on my base capital of index funds, so I did.

Emera – EMA – Utilities ($10,000)

Risk: Moderate

I wanted more utilities in my portfolio for a dividend stock, so I bought some of EMA.

It is about a 4% dividend yield (sweet spot, not too low like 1% and not too high and risky like 6%), and I tend to like utilities in general because … look at us. We are so dependent on electricity it isn’t funny. How can this NOT be a viable business? Well, don’t answer that, the management could be crap, but it is kind of hard to f*#&$ up utilities.

Aphria – APHA – Marijuana ($10,000)

Risk: High AF

Reasons why I am interested in marijuana

I have no moral objections to marijuana like I do to cigarettes. Cigarettes have zero health benefits. I have never heard anyone say they smoked a cigarette and their cancer disappeared. The only saving grace of cigarettes is that they APPARENTLY are an appetite suppressant which is sadly, why many girls take up smoking, to stay thin, but even that, I am not sold on.

Marijuana, has proven to have a few benefits especially for cancer patients who have zero appetite and can smoke or eat this drug to whet their appetite. Cancer runs in my family, and seeing a loved one basically waste away under radiation and chemotheraphy because they have no energy or appetite to eat their favourite foods, let alone taste them properly is heartbreaking.

Among other things, they also say there is a lot of medicinal benefits in CBD (basically cannbidiol or weed), that can be applied in skincare, etc. It is a VERY trendy ingredients right now. I mean, even Paula’s Choice, my beloved skincare company, has a CBD milk product out.

Who knows if it really works (there has not been a long history of this), but the effects, placebo or not, seem to be working on the market.

The only risk is how slow the government here in Canada is moving. If they can just be allowed to release their line of CBD products – gummies, etc, the market would definitely go up versus just buying it to smoke. Not everyone likes to smoke it, maybe people just want to eat it and still get the effects.

Plus, the market is going to grow. It is just a matter of time, and eventually the federal government will get through all the red tape and start organizing their #$(@ better (they move SO SLOW, I used to work on a government contract and had to leave, it was not my pace or style.)

This is purely for capital gains. No dividends paid.

This particular stock, like all other weed stocks, have an enormous cash OVERFLOW problem.

Yes, I said cash OVERFLOW. Not cashflow. People pay in cash, not cards.

Banks and traditional lending institutions won’t lend these companies money especially in the U.S. because it is still illegal there at a federal level. Totally understandable. Another company I am curious about is Wayv because they are taking this exact need in the market, and filling it by becoming the Amazon for Weed….

Other indicators for this stock: their book value per share is $6.85 and their current market price is $6.28 at the time of this writing. It basically means the company is undervalued based on this one indicator.

They have been profitable the last 2 quarters, while other companies have been struggling, and they are one of the cheapest stocks to own right now for marijuana if you want to dip your toe into that area (or not).

Sometimes, investors get spooked for whatever reason – oh everything is going down OMFG, SELL SELL SELL!… and like with my last purchase of Stelco I couldn’t figure out why it was dropping so drastically when it looked THE EXACT SAME AS BEFORE. They have since recovered by the way, so I am happy I scored a dividend paying stock at its bottom price. *shrug* (It was all luck by the way, if I had done it with APHA, I would have purchased when it dropped to $5.38 a week later, instead of at current market prices.)

What I avoided

Sexy stocks like Tesla. Or Amazon. Or Apple. Or whatever you have heard.

I am hearing a lot of chit-chat everywhere about Tesla this, Tesla that.

I am not into trendy, sexy stocks.

Frankly NO ONE knew Amazon for instance would be such a big hit (BOOKS? ONLINE? are you kidding me right now), nor Apple until Steve Jobs came back (but even then, a crapshoot, honestly, unless you grew up before the 70s and understood what it meant, talked to Steve, saw he was a consummate marketer, etc — but I wasn’t even born then so not an option).

I heard back in January that Apple dropped to $100, and I didn’t buy because it was a crapshoot, to buy when you think the company is so low, but then to think to yourself – is the hype for Apple products over? Honestly, I am not seeing anything that is amazing the F out of me.


They blew up. And that’s great, but suddenly now everyone is all like — I KNEW IT!!! (So why aren’t you rich then?)

I prefer to leave these stocks alone. If a lot of people are talking about a stock, it means you should stay far far far FAR away.

I have learned that once it hits the consumers’ ears, it is too late and/or a bad decision to buy it.

I am avoiding major, crazy, wild gains of doubling my money overnight (hypothetically had I purchased Apple), but I am also avoiding a wild, crazy loss of the stock plummeting and me losing $$$$.

(Plus the Canadian exchange rate is killer.)

I am not completely out of the game though

How I still invest in these companies anyway, is I buy index funds (see above).

This is how I mitigate my risk of playing around with things like marijuana (yeah, sexy, but who here before this post as a regular Jane or Joe knew that Aphria was a marijuana stock and all about it?), or dividend stocks which I completely agree are very risky.

I also have time to recover from any of my stupid decisions, and am trying to steer myself back to index funds for the most part.

Hence why I put most of my money into index funds this time around.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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  1. Maria

    What a difference, from “cleared $60K in 18 months” to “Dropped another $64,740 into the market” you must be so proud of yourself!
    I understand the desire to pay a lump sum and get it to work once you know you have a contract, though not everybody has that kind of money lying around:)

    1. Sherry of Save. Spend. Splurge.

      It is a huge deal to me. I am extremely proud for sure. I couldn’t have imagined it back when I cleared my debt.

      Well to be fair, when I work on contract, I save aside that money – I squirrel it away when I know a contract is about to end, and then if I get renewed or extended, I gauge if the contract is solid or not (or if they will cut me early), and I put that money into the market – like now.

      No one should really have that kind of money lying around, it should always be invested in the market…. I am just being cautious as I don’t want to sell ANY of my investments to live, like I did a few contracts ago.


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