Poppy's Picks & Updates
Poppy recommends looking at Visa (V) and Adobe (ADBE) this month. Visa is about $195 per share and makes money using its payments network. Adobe is about $432 per share and makes money building and selling software products. Poppy Advice: The cheapest price stock is not necessarily the biggest bargain! Try to buy companies whose businesses are familiar to you so you're more confident in what you're buying a piece of.
When investing in anything, you should really think about your values. When you buy a stock (or a fund/ETF), you are indirectly providing money to that company, whatever it is. Should you support a company that makes money spilling oil, like BP? What about exploiting Pacific Rim sweatshop workers, like many major clothing/shoe brands?
Set your values - Little Nicky's is not to buy any stock/investment that gets >50% of its revenue from oil/gas or casinos/gambling. I reason that we should not continue hurting the Earth or exploiting poor people. Climate change is a real thing. In addition to my not liking casinos/gambling in general, some economists call lottery tickets a "poor tax" since they are disproportionately purchased by people with low incomes. Not something I can get behind. Anyway, those are mine. What are yours?
- No trades this month! Garrett is edging closer to a 100% gain on YETI.
- Annika, Brenna, Lindsay, Chloe, Milena, and Bryan are still sitting on their $1000 in cash.
Please remember to update the google sheet detail tab when you buy/sell something. I look at the revision history each month so I can include your trade in this newsletter. The summary tab is at the bottom of this email as a picture and the live link to it is here.