Friday, September 18, 2020

IMO.TO stock: Learn lessons about market risk - -14.85% loss from August 31 to Sept 18 2020

 Sept. 18, 2020

Introduction

I like to learn lesson about investment. I should not play market without understanding the risk. 

My losses


Actionable plan

I like to set $18,000 dollars on investment on the stock IMO.TO. My plan is to build the portfolio using 50% stock and 50% cash. 

So I like to keep the balance ratio between cash and IMO.TO stock. 

I like to get back to purchase 300 shares of IMO.TO stock, around $5000 dollars. And I like to see if I can manage those $5000 dollars investment very well. 

My goal is to try to purchase from different time of date, maybe 50 share a time, so the price can be varied. $1000 dollars each time. If the price swings, then I will try to make some profit. 

Since I have already losses around $1634.80 dollars, I like to think about getting back when oil price rebounds in Canada stocks. 


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