- Bought 50 shares of Liquor Stores N.A. (ticker symbol: LIQ.TO) at $10.46 this morning
- 50 shares x $10.46= $523.00 plus 0.50 cents in commission. I paid $523.50.
- I also deposited another $300 this week because I got birthday money (my parents-in-law tend to spoil me!)
- There is now $535.60 left to be invested for the next opportunity
Alcohol is a consumer staple that will carry people through good and bad times. For this reason, I believe it’s a good portfolio staple. Right now, what I want to do for this RRSP account is start it off with some solid stocks. I like to think of it as having good wardrobe basics in your closet first before leaping to more flashy and frilly gear!
This wonderful stock also pays a monthly dividend. I own this already in my TFSA at a nice lower price of $7.88. I like it because it pays a monthly dividend (currently at 0.03 cents a share).
It’s possible this could go lower in price. The pattern setups on the daily and weekly charts don’t inspire excitement and confidence in me. I do, however, like the clean setup on the monthly chart. To me, the larger time frame is more important than the shorter time frames. The current entry at $10.46 is close to where it last sold off at $9.80 as indicated by the pink arrow.
In case this stock doesn’t go down and continues higher from this place, I took action and bought 50 shares. If the setup were a bit better, I would’ve bought more shares.
If it does go down more in price and then sets up again later on with a nice consolidation pattern, then you can bet I’ll be buying more shares!