Update: My wife finally pulled the trigger on MSTE
This post is about how smart my wife is compared to me. Disclaimer : she is a growth investor and heavily invested in diversified etfs like $VFV$QQC and $XEQT. After watching me loose so much money on $MSTE for the past year ($200k capital loss), and still remain firm in my conviction, she watched $MSTE like a hawk. When it hit under $2, she decided to pull the trigger. Instead of using her main TFSA to invest, she decided to open a brand new TFSA ACCOUNT and transferred a small amount of $22,000 on my advice lol. This account will be her passive income investing account separate from all other accounts. I will be investing on her behalf with her consent. No new money will be added to this account and only the distributions will be used to diversify into other CC etfs and grow this account as an income engine. As the saying goes learn from others mistakes, she literally learned those hard financial lessons from me and did a flawless execution of $MSTE trade today after consulting me lol🙈. I am really proud of her. It's a bitter sweet feeling, she is already profitable after today's buy whereas I am still in the red and it's like pouring salt over my wounds lol. She bought a little over 12,021 shares of MSTE for only $22,000 with an avg price $1.83. She already has a $300 profit lol. I have almost the same share count of 12,200 shares in my TFSA with an avg cost of $9.65 for $118,000. I have a loss of $95,000🤯🙈🤦. Timing matters alot with single stock cc etfs esp with $MSTE. You can see both the tfsa accounts for proof. The one with the massive loss is mine obviously 🙈. She never has to sell her MSTE position with this low ACB and can easily build her portfolio from here on. I think I help others esp my WIFE make more money than me 😇. Enjoy, have a great weekend. Happy investing.
7,068 views
108 Comments
Adam Lalonde@bitter_sweet · 23d
You must be the all time greatest salesman in the world if you convinced your wife to buy $MSTE after 200k in unrealized losses. 🤣
CrtVlu @cromagnon · 22d
You should receive a commission from Harvest for selling the product to your wife. Wolf of Homestreet.
Brett @birdmanbrett · 23d
I was hoping people would learn their lesson on covered call etfs by this point😬
Eric Hendsbee@firenurse · 23dEdited
What a great time to get Into mste. Have you told her about bday? Uncapped Bitcoin exposure with call options on the Nasdaq is awesome lol. Gets 18% yield+/- whatever Bitcoin does. At this entry point what a freaking buy lol
Eric Hendsbee@firenurse · 23d
Let's hope this bad boy recovers lol
You must have an account to viewCreate an account for the full Blossom experience!
Join the conversation with 500,000+ other investors 💸
Create an account to get access to everything Blossom has to offer!
📊 Personalized algorithm based on your investing style, experience level and interests
📈 Powerful portfolio and dividend tracking tools
👀 See what top creators and others in the community are investing in
