⛏️ Heavy Equipment Operator | Mining πŸ‡¨πŸ‡¦ Newfoundland Investor | Dad Life πŸ“ˆ ETFs β€’ Stocks πŸ’° Building wealth & learning along the way!

Newfoundland
New account. New journey. πŸ‡¨πŸ‡¦ I’m a heavy equipment operator in the mining industry, born and raised in Newfoundland ⛏️ I’m documenting my journey of turning hard work into long term wealth. ETFs. Stocks. Dividends. Financial freedom. Let’s see where this goes. πŸ“ˆ
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Time to call it a night! It’s been a great week connecting with you all! Hope everyone has a great night and we’ll do it all again tomorrow! Goodnight X fam🫑
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Canada is betting big on Canadian tech! The federal government just announced a $1.6B investment in Canadian AI company Cohere, which is targeting a massive $7B funding round. Cohere now has backing from the Canadian government and NVIDIA! As part of the agreement, Cohere will: -Keep its headquarters in Canada -Create at least 1,000 new high-paying Canadian jobs -Deploy nearly $2B in computing infrastructure here at home. Canada wants to be a bigger player in the global AI race but is this the right investment?
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Penney πŸ‡¨πŸ‡¦ retweeted
Under the Radar πŸŽ™οΈ β€” Day 42 @PenneyInvests Heavy equipment operator in the mines. Investor in the market. Dad everywhere in between. ETFs, stocks, and building wealth one honest post at a time. Newfoundland. 865 followers. Joined June 2021. Quiet account. Loud work. Follow them while they’re still easy to find.
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Sure my impressions are matching the markets ! πŸ˜‚ Both seem to be going in the wrong direction lately!
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Penney πŸ‡¨πŸ‡¦ retweeted
Beginner Canadian investors: here's exactly what to do this weekend πŸ‡¨πŸ‡¦ 1. Open a TFSA at Wealthsimple, Questrade, or your bank 2. Check your contribution room on CRA My Account 3. Set up a weekly or monthly auto-deposit 4. Buy $XEQT.TO or $VEQT.TO with the first deposit 5. Turn off price alerts for 30 days That's it. Start small. Stay consistent. Which step are you on right now ?
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S&P 500 is down 1.82% today, but just zoom out. It’s still up 10.73% YTD Same goes for most stocks this week. Don’t get caught up in a few red days. Zoom out, stay focused, and remember why you bought in the first place. Sometimes all you need is a little perspective!
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Well, this week is finally over. Thank goodness! πŸ˜‚ It’s been one wild ride, but I showed up, stayed consistent! Overall, I’m down 1.55% for the week β€’Winner: $FTS.TO +0.94% β€’Loser: $PNG.V -6.39% We just keep moving on! Have yourself a great weekend friends!
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With everything looking so red to finish off the month, did you manage to pick up anything on sale today? I got a little $TEC.TO order in to finish off the week! What did you buy today?
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πŸ‡¨πŸ‡¦πŸ‡ͺπŸ‡Ί Canada and the European Union signed a new joint agreement today to build a stronger alliance! The deal focuses on expanding trade, energy, critical minerals, AI, technology and defence. Canada is working to open new doors and strengthen its global partnerships. Is this good or bad for Canada?
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So I wheeled my $SMCI shares! πŸ”„ Here’s the breakdown: β€’ Cost basis: $37.19 β€’ Covered call strike: $37.50 β€’ Expiration: 11/14 β€’ Put premium collected: $81 β€’ Call premium collected: $88 If my shares get called away, I keep the $169 in premiums, minus the $50 difference from selling at $37.50, leaving me with $119 profit. If they don’t get called away, I keep the full $169 in premiums, lowering my cost basis to $36.31, and continue selling covered calls. Let’s see how this wheel strategy plays out for me!
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In a sea of red today, I found my shining star! $FTS.TO is up almost 1% and doing what it does best… holding everything together when the market is falling apart! Sometimes boring stocks are the heroes of your portfolio. πŸ˜‚ What’s your shining star stock today?
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Well, I’m the proud new owner of 100 shares of $SMCI! πŸ˜‚ Market opened and I got early assigned. My cost basis is $38.19 per share. Time to start selling covered calls against my shares! Question for the options crowd: Would you wait for a green day to sell your first covered call, or collect that premium now?
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How much are you saving or investing? A good rule of thumb is to save 15-20% of your monthly income I’m currently saving and investing 30%, sometimes a little extra! Every dollar gets me one step closer! What percentage of your income are you putting away?
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Little guy is off to daycare for his Halloween party! πŸŽƒπŸ‘» I’m off to get a haircut and then a trip to the dentist. Not quite as exciting as his day! πŸ˜‚ What’s everyone got planned for today?
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Happy Friday ! Futures are down this morning, with the Nasdaq leading the way lower. Big tech earnings are weighing on the markets as concerns around AI spending continue to grow, with investors questioning whether these massive investments will generate the returns they’re expecting. s. Dow: +0.07% S&P 500: -0.94% Nasdaq: -2.15% TSX: -0.04% πŸ›’οΈ Oil Prices cannot catch a break. Middles east tension doesn’t let up. Oil is on track for its fourth consecutive monthly gain, with WTI up roughly 15% in October WTI: +1.86% | $103.91 Brent: +2.02% | $113.01 It may be a hard day today but it’s Friday, let’s get it done 🫑
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No matter what you’re working towards, just keep showing up Growing on X? Keep showing up Building your investment portfolio? Keep showing up Chasing your goals? Keep showing up Life isn’t always going to go your way, and there will be days when things feel slow. But stay consistent, keep a positive mindset, and trust the process. Small steps every day add up to big things. Just keep showing up. That’s how you win!
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$INTC Intel earnings are out! Revenue: $16.51B vs $16.55B expected EPS: $0.52 vs $0.41 expected PC revenue: $8.1B vs $8.9B expected Q4 EPS guidance: $0.25 vs $0.45 expected Intel beat on earnings but slightly missed revenue expectations, with weaker expected guidance for next quarter -18% after market
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$AMZN earnings are out! β€’Revenue: $201.9B vs $202.25B expected β€’ EPS: $1.89 vs $1.97 expected β€’ AWS revenue: $46B, beating expectations β€’ Operating income: $28.1B vs ~$26.1B expected A mixed report! AWS is showing strength, but Amazon missed on revenue and EPS. Another tech miss this week, no break in sight ! What do you think?
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Finished in the red once again, try again tomorrow! How did you finish today?
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