Hi everyone! I am sorry for being inactive for a few days. During my ski trip, I have received a phone call from the builder of my condo regarding my date to come to their office for parking spot and locker selection.
As a result, I went to their office yesterday to choose my parking spot and locker and I ended up have to pay a bit more money because the parking spot they assigned to me was not in a good spot. (Not a bad way to start my year right!)
It looked like I spent quite a bit in the short term, but in the long term it is totally worth it because my parking spot now is in a good location and it would ultimately increase the value of my condo. I am going to do some adjustments in my net worth later so that you guys can see.
Anyways, let’s get back to the main topic of the day.
So during the Christmas holidays last year, I mentioned I used the profits I made from crytocurrency to purchase Manulife Financial (TSE:MFC) because the stock was trading just on the lower Bollinger Band for a few days, which means it is a good time to invest in Manulife. Therefore, I have invested in Manulife on January 4, 2018 and wondered if I have made the right decision or not.
Let’s look at the chart of TSE:MFC below I generated on StockCharts.com:
Just a reminder: the two red lines on the graph represent upper and lower Bollinger Bands and the purple represents 20-period simple moving average.
As you can see, Manulife’s stock has been moving upwards since the day I bought the stock. I think I am on the right track of predicting when to enter the market, but it is still very early to tell as there are only a handful of days of data available.
Do you invest in the stock market? Do you follow certain patterns before making the decision on whether to invest in this stock or not? Please leave you comments below! Catch you on the flip side!