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Mutual Funds

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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You can probably find some really good sources on youtube. Search Call and Put options, watch the videos as many times as you have to until you understand the position that both buyers and sellers have in both options. Calls and Puts form the basis of many other synthetically created options.
They can be used to make bets or simply hedge (insurance).
 
It is good to invest on stock market but you need to keep an eye on where you put your money into.
 
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K20EF8 said:
You can probably find some really good sources on youtube. Search Call and Put options, watch the videos as many times as you have to until you understand the position that both buyers and sellers have in both options. Calls and Puts form the basis of many other synthetically created options.
They can be used to make bets or simply hedge (insurance).
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I like this channel. Short, simple and not overwhelming.

 
I have mutual funds, sticks, etc. Going along for the ride with everyone else.

I just bought another gold bar to add to my collection. Gold always goes up and is portable, stashable and cashable.
 
gold bullion is like any other investment
susceptible to ups and downs

lost 50% of it's value over 5 years not long ago
if someone needed the capital out in 2016, ouch

but it does have intrinsic value
can put it under your pillow
and gold can never disappear to zero value like some other investments can

you can get often get a bigger bounce investing in mining stocks
if you want to play the dips on gold


6MOxoma.jpg
 
J_F said:
but it does have intrinsic value
can put it under your pillow
and gold can never disappear to zero value like some other investments can
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I would beg to differ. If you have gold under your pillow (or in your house without appropriate obscurity/security), it is probably much more likely to go to zero than the majority of investment grade stocks. I know a number of people that had gold either on the mantle as something to show guests or *gasp* in a sentry fire "safes" that had it walk away. Word to the wise, those are fire protection boxes at best, just leave the key in them so that burglars don't steal the documents that matter to you but are worthless to them. Either hide the gold well (and almost anywhere in your bedroom doesn't remotely count), put it in a proper safe (TL-15 or better [ideally TRTL or better], bolted properly to structure with a monitored alarm system) or don't keep it in your house.
 
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J_F said:
gold bullion is like any other investment
susceptible to ups and downs

lost 50% of it's value over 5 years not long ago
if someone needed the capital out in 2016, ouch

but it does have intrinsic value
can put it under your pillow
and gold can never disappear to zero value like some other investments can

you can get often get a bigger bounce investing in mining stocks
if you want to play the dips on gold


6MOxoma.jpg
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I also have mining stocks which have been performing well, but it's nice to look at shiny gold!
 
GreyGhost said:
I would beg to differ. If you have gold under your pillow (or in your house without appropriate obscurity/security), it is probably much more likely to go to zero than the majority of investment grade stocks. I know a number of people that had gold either on the mantle as something to show guests or *gasp* in a sentry fire "safes" that had it walk away. Word to the wise, those are fire protection boxes at best, just leave the key in them so that burglars don't steal the documents that matter to you but are worthless to them. Either hide the gold well (and almost anywhere in your bedroom doesn't remotely count), put it in a proper safe (TL-15 or better [ideally TRTL or better], bolted properly to structure with a monitored alarm system) or don't keep it in your house.
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Action starts at 1:50 and lasts less than 2 minutes.


Gold is good but not good as currency. There are lots of gold plated fake bars out there.

Put your documents in the safe along with a fake Rolex. Hopefully the decoy will keep the bad guys away from your real stash.
 
Correction or crash?

When a house is built there are "Corrections" as it settles in a bit, a plaster crack or sticking doors that get readjusted and all is good. However if the house was built on swamp land it eventually sinks into the mire.

The 2008 recession was built on swampland. As I watched my holdings decline I called my guru only to be told "Don't worry. It's a correction". After a number of months and people realized what had happened (Sub Primes) he called me and said "We have to do something."
 
was reading last night on some possibilities to hedge against the loonie crash
if this $30 oil thing lasts for awhile it's gonna really hurt the Canadian petro industry
dollar will tumble as deficits soar

so far the loonie is doing okay last few months as the greenback is also hurting
but long term this will hurt oilsands more than it will hurt shale

and as a certain PM encouraged our economy to become a gas station
we have massive exposure to a petro-downturn

ForEx might provide some good opportunities over the next few months
 
nobbie48 said:
Correction or crash?

When a house is built there are "Corrections" as it settles in a bit, a plaster crack or sticking doors that get readjusted and all is good. However if the house was built on swamp land it eventually sinks into the mire.

The 2008 recession was built on swampland. As I watched my holdings decline I called my guru only to be told "Don't worry. It's a correction". After a number of months and people realized what had happened (Sub Primes) he called me and said "We have to do something."
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Downsides are the best time to make money. I am holding what cash I have for now. If (probably when?) a pandemic is called, there will be another drop. There won't be the opposite call anytime soon (eg. Covid has died out, see you next season) to bump the markets up.

I haven't decided what the buy is yet. Potentially Amazon as people may buy more things online to avoid stores. Cruise lines are being slaughtered (>30% drop). Yes, the near-term outlook is grim as people are cancelling like crazy, but I don't think the long-term viability of cruises will be affected (at least not at over 20% worse than the market at large assuming they can survive a lean year).
 
ifiddles said:
@ Trials oh believe you me...hubby has been on the look out for land up north for years...I'm the hesitant one...
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Just realize that land has insurance and tax costs that have to be paid regardless of whether you have a job or not. You can't write them off until you sell or develop the land. A bar of gold can be disguised as a loaf of bread and kept in the freezer for free.

The last thing I want in a recession is having something I have to pay storage fees on, boats, cars, bikes, RV's etc.

People steal trees from woodlots and mining companies used to be able to tear up your land to explore. The latter might have changed. Dumping toxic crap is common and if it's on your land it's your problem.

I like big companies because they control the government. SNC Lavalin for example.
 
GreyGhost said:
Downsides are the best time to make money. I am holding what cash I have for now. If (probably when?) a pandemic is called, there will be another drop. There won't be the opposite call anytime soon (eg. Covid has died out, see you next season) to bump the markets up.

I haven't decided what the buy is yet. Potentially Amazon as people may buy more things online to avoid stores. Cruise lines are being slaughtered (>30% drop). Yes, the near-term outlook is grim as people are cancelling like crazy, but I don't think the long-term viability of cruises will be affected (at least not at over 20% worse than the market at large assuming they can survive a lean year).
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Looks like a good short term investment would be dock space rentals for cruise ships.

www.nytimes.com

State Dept. Tells Americans to Avoid Cruise Ships, Despite Trump’s Misgivings (Published 2020)

The warning was another indication of the Trump administration’s increasingly cautious approach to the coronavirus, and another instance of an apparent gap between the president and health officials.
www.nytimes.com www.nytimes.com
 
yeah real estate works out well for some people
but having your net worth tied up in a chunk of remote land can be a disaster

if later on in life things change and you need access to some capital fairly quickly
bad deal if the market is soft, it is an illiquid investment

with liquid investments, sure, timing can be off
but you don't have to sell everything to realize some dough
take what you need, build up the rest and carry on

can't decide to sell 25% of your house because you need dough and the market is sh!t

I've owned a handful of properties and done okay on a few
lost some dough on the others - timing

one thing for sure
I've never had to put a roof on my equities
 
J_F said:
can't decide to sell 25% of your house because you need dough and the market is sh!t
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Well, you sort of can with an LOC. Obviously not quite as good as cash, but pulling a loan at 3% beats dumping the asset when it is depressed by 20% (assuming you expect recovery in the next few years).
 
GreyGhost said:
Downsides are the best time to make money. I am holding what cash I have for now. If (probably when?) a pandemic is called, there will be another drop. There won't be the opposite call anytime soon (eg. Covid has died out, see you next season) to bump the markets up.

I haven't decided what the buy is yet. Potentially Amazon as people may buy more things online to avoid stores. Cruise lines are being slaughtered (>30% drop). Yes, the near-term outlook is grim as people are cancelling like crazy, but I don't think the long-term viability of cruises will be affected (at least not at over 20% worse than the market at large assuming they can survive a lean year).
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Stay away from cruiseline stock, I think they have a long way to go down still. Long term I think this will hurt consumer interest in going on cruises.
I think airline stock will rebound quickly once this is all over.
Six flags (SIX) was $72 about 20 months ago, its down to $19 today, maybe that would be a good play once everything goes back to "normal"
 
I have a cruise booked in June, its dropped over 5K in value in the last 3 days. However I dont have cancellation ins. so there is no cancel and rebook for 5 or maybe 6k discount. F me.
I own no shares but I've invested heavily in the cruise industry in the last few yrs......
 
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