yup. Holding off on the final cash injection for a week or two to see how things shake out. I just didn't want to miss the dip entirely, riding it down for a while is not a big deal.
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Mutual Funds
- Thread starter ifiddles
- Start date
Bought some ETF yesterday morning and literally an hour later the pandemic was announced....then the flight restrictions in the evening....I'll hold off until there's signs of a leveling out for not.
Once they actually start quarantines in all countries, I think we can see a slow down in new cases....as well as the warmer months.
Once they actually start quarantines in all countries, I think we can see a slow down in new cases....as well as the warmer months.
blackcamaro
Well-known member
I was going to buy a little at the beginning of the week but thankfully didn't I think I'm just going to sit on the sidelines for 2-3 months and see how things go. Might miss an opportunity but would rather be holding extra cash if things really hit the fan. I also think the climb back up will be a slow one so no big rush for me to get in now. I haven't and won't be doing any selling either.
J_F
Guest
looking at Canadian equities that have taken a virus beating
my investment accounts are all registered, so it makes US trades a PITA
of course the major losers are energy, but more going on there than Covid19
in looking for opportunities for good companies that have dropped in the last month
Air Canada looked like the best bet for me, down around 50% since the start of the selloff
took a flier on a chunk of shares, fingers crossed
and really not a bad company to hold long anyway
stay the F away from weed and oil
my investment accounts are all registered, so it makes US trades a PITA
of course the major losers are energy, but more going on there than Covid19
in looking for opportunities for good companies that have dropped in the last month
Air Canada looked like the best bet for me, down around 50% since the start of the selloff
took a flier on a chunk of shares, fingers crossed
and really not a bad company to hold long anyway
stay the F away from weed and oil
I wouldn't be buying air travel right now. Although a 50% price depression looks good, I could easily see a year with 50% of the passenger volume (which would result in a the past slight profit margin turn into a huge loss on every flight). Their underlying physical asset is mainly planes, which nobody else wants either (well at least not at the market value of three weeks ago). You are probably right, assuming they survive, it is not a bad long term play and Canadas duopoly should keep AC and WJ alive but I could easily see at least a few US carriers disappearing.
J_F
Guest
yeah I don't expect AC to be back over 40 in a few months
may take a year for that
can't see the Co going under
Feds wont allow that
if need be they will get a bailout to get them through
it's also a business that scales easily
park planes and lay off staff instantly
debt is the big threat, and AC's books were in very good shape prior to this
not really a whole lot else traded in Canada that I want to roll the dice on
open to suggestions
may take a year for that
can't see the Co going under
Feds wont allow that
if need be they will get a bailout to get them through
it's also a business that scales easily
park planes and lay off staff instantly
debt is the big threat, and AC's books were in very good shape prior to this
not really a whole lot else traded in Canada that I want to roll the dice on
open to suggestions
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Anybody else strongly contemplating borrowing some money to invest soon? I need to discuss with my wife. I was contemplating it in 2008 and was too chicken. I would be up by and additional 500K right now if I had borrowed 15K. Thinking of a similar play this time (once this settle out a bit, I am not borrowing to dump into the market washing machine we have now). Car sized investment, not house sized investment. Yes, I could buy on margin instead, but that friggin terrifies me. I like to have a hard stop on the possible downside and have the brokerage potentially sell money making profitable holdings to cover a loser sets you back a lot of time.
If I was tapped out then I would borrow to buy.
But not right now.
There are things that are currently priced into the 20-30% stock market drop: revised earnings estimates, businesses failing, gas consumption plummeting, unemployment rising, credit/mortgage defaults, slashed RE equity, etc.
However, it's the second and third-order effects from prolonged political and regulatory changes + social and economic activity being halted for such a long period of time that we can't even anticipate right now. I think this will hit the markets harder in the early summer.
Nice Dead Cat Bounce today though...
blackcamaro
Well-known member
I have it under consideration but for much later into the year. Nothing crazy but I might dip into my line of credit for $15,000-20,000 for a little extra boost.
I’ve kind of been waiting for an opportunity like this.
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