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Mutual Funds

ifiddles

ifiddles

Well-known member
Howdy ho there...it's been 20 years minimum since I've been out of the banking industry where I used to sell mutual funds, so looking for some current perspectives...I have my RRSP and TFSA with TD in mutual funds, and as I'm sure everyone else's has, they've gone down this past week...I realize it's all personal with regards to risk acceptability and all, but just curious what you're all doing with your retirement savings...I have 10 years to go for full pension (so my RRSP and TFSA are in addition to my group pension) and my financial planner says to wait it out (as I think they're all saying) LOL...anyone here willing to chime in?
 
Buy land, preferably with a good supply of food and water (and a riding area) (y) 20 years from now you will thank me.
 
@ Trials oh believe you me...hubby has been on the look out for land up north for years...I'm the hesitant one...
 
Like anyone with investments that are not guaranteed I've taken a serious hit this week but I'm still up on where I was last year.

The surface excuse is Corona virus but the reality is that the screaming performance of the last while couldn't be sustained.

The downturn is part correction, part virus and part panic and it will at some point blow over only to repeat some time down the road.

The way my accounts are set up it's too expensive to dump stuff so I weather things out.
 
^ Same here. Portfolio took a hit but it's still up compared to a year ago. IMO the current market has gone too long without a correction and was looking for an excuse; might as well be coronavirus.

I bailed out of mutual funds in favour of mismanaging my own portfolio years ago. Avoids the management fees. I kept the investment account open with a few hundred dollars in it just to see (and just in case) ... I've done better than it has.

"da rulez" ... I don't own anything that doesn't pay a dividend. I don't own anything that (in my opinion) overpays its dividend (not sustainable). I don't own anything in which I don't understand the business model. I can say what every company that I own, does or builds - except I wouldn't have to, because you would know, too.

Pick a bank. Pick a utility. Pick a manufacturing company. Pick a company in some other sector, your choice. Split the rest of it between a bunch of smaller companies.
 
What is a "hit" is that enough to buy one, two or three really nice motorcycles?
 
I'm currently just buying VGRO, and will be buying more this week. Probably split it up over a few weeks just for averaging, but overall I'm still up over where I was 2-3 months ago.

Currently researching companies I want to buy with dividend paying as per @Brian P and then will just continue to average out.

This is a blip, and a buying opportunity I feel. However, I could be very very wrong, and this could very well be the end of the world.
 
If I add up my total contributions that I've ever made to this account, the total gain over and above that, even accounting for last week's hit, is paying for my early retirement.

If I'd left it sit in a so-called risk-free savings account, in fear of ever having the account balance go down, it would have barely covered inflation ... if that.

I took advantage of the spike in volatility to buy back part of a position in a solid dividend-payer that had recently been called away because it had gone past the strike price of call options that I had written (sold) against it a few months ago. (went up too far, too fast)

I bought them back at a price less than what they had been called away for, thanks to Friday's price action.

And then I promptly sold call options against them again.
 
My long term funds have been in cash for a while waiting for a black swan event such as this.

We're nowhere close to the bottom though, so I've been nibbling away as the market declines. Even with the drop, we're still near record highs. People are moaning that the market lost 6 trillion dollars last week. Well, they also gained that just in the last 3-4 months. We've been up *a lot* more since 2008.

Investors jumping in now are eyeing the recent highs of the market thinking that if they get in now (or soon), that that's where it'll end up again. I think the top is in. I believe when capitulation comes at wherever the lows end up being - don't know at what level that will be - it won't rocket back up and past the highs for quite a long time. So I'm looking at high-quality, high-yielding dividend stocks as well, so at least I'll be paid to wait.

But for now, I'm just keeping my powder dry.
 
^ Hence why I only bought back part of the position ... and sold call options against it.

I've been expecting a down-turn for a long time, too, which is why I've been selling call options against my positions for a long time. That has blunted the immediate impact.

I'm not quite as pessimistic ... for what I just bought back, if you look at the charts, it's more-or-less back to it's 5-year average (having wiped out a 15% spike over the last few months). And, the company that I just bought shares in, is one that probably most people reading this are doing business with, and won't be able to stop doing business with in the foreseeable future.

For risky+speculative stuff ... this ain't over.
 
@Brian P This is what I need to learn....call options....strike price...positions...total gibberish to me at this stage. Any recommendations on where to learn these things?
This is why I currently sit in VGRO....set it and forget it.
 
I have mine spread out like marmalade. ETF mutual funds, dividend paying stocks , and a bunch in BMO mutual funds looked after by BMO joint pension folks and a bunch in my wifes HOOP pension scheme.

I like diversfication so when one sector is struggling the other can hopefully be better. I have some I manage myself and most is looked after by professionals. I use people that do thgius for a living since I dont.

Long term I also believe in investments in 'real' assets, housing , real estate (they arent making more land) and to a degree holding precious metals.
 
mimico_polak said:
@Brian P This is what I need to learn....call options....strike price...positions...total gibberish to me at this stage. Any recommendations on where to learn these things?
This is why I currently sit in VGRO....set it and forget it.
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I took the Canadian Securities Course, but that was back when it was only one black book.
 
Baggsy said:
I took the Canadian Securities Course, but that was back when it was only one black book.
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That's a genius idea! Never would've ever thought of that. Thank you. I got nothing but time here at camp.
 
Brian P said:
Absolutely. But if it is the end of the world, nothing you or I do, will make any difference anyhow.
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Bingo. When the money plane crashes it won't matter if you're in first class or economy. The only difference would be a drink in your hand going down in first class.
 
Brian P said:
If I add up my total contributions that I've ever made to this account, the total gain over and above that, even accounting for last week's hit, is paying for my early retirement.

If I'd left it sit in a so-called risk-free savings account, in fear of ever having the account balance go down, it would have barely covered inflation ... if that.

I took advantage of the spike in volatility to buy back part of a position in a solid dividend-payer that had recently been called away because it had gone past the strike price of call options that I had written (sold) against it a few months ago. (went up too far, too fast)

I bought them back at a price less than what they had been called away for, thanks to Friday's price action.

And then I promptly sold call options against them again.
Click to expand...
A bank or Apple? lol
 
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