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Stocks
- Thread starter Boots
- Start date
Today was brutal all around lost biggly as they say but it will bounce back
Sent from the future
Maybe a good time to risk 20k from HELOC to bump up the TFSA….
Could be or could be just the start of the drops. I lost approx 7 percent portfolio wide today wiping out alot of my October gains but I expect it to come back in the next few weeks.
Sent from the future
I was only down 2% today.
still up 44% YTD so can't complain
I'm down about 10%. I'd be happier with your path.That would have hurt lessstill up 44% YTD so can't complain
Sent from the future
Some US tax changes (withholding tax) that may impact us we may want to be mindful of....
www.irs.gov
Partnership withholding | Internal Revenue Service
This page talks about the withholding tax on Foreign Partners' Share of effectively connected income. (IRC 1446).
44% !? Wow....energy stocks?That would have hurt less
Sent from the future
I'm scared to look...I'll check later today after a stiff drink.
LEV has been a bit of a bust see if it can recover
Eyeball average says yes as lots of people seem to sell to spread gains. Probably just as many sell to lock in losses though. I dont try to time markets.
That's tooo general.
Time in the market > > > > > > > timing when to buy
APE is on fire today 0_0
~1 year borrow to invest update. All dividends used to pay off loan. Unrealized cap gain of ~7%. Loan ~8% paid off. So 15% return using none of my money (but obviously assuming the risk). Some tax due on some of the dividends used to pay off the loan so after tax return will be less.
Too much is being made of the Twitter financing impact on the Tesla stock price. Basically a left wing media obsession to have a new bogeyman.
Tesla stock has been over inflated for years and I did enjoy the way up, however its stock value at its peak was greater than the VW Group and Toyota combined was way too optimistic.
Now that the mainstream Auto companies are producing electric cars at great losses to meet governments impossible but realistically aspirational mandate of 50% of sales volumes, all car makers are on high gear now to get into the electric cars in a big way at tremendous cost to profitability.
Tesla is in a position to move down market with other factories coming on stream in Mexico.
The concern I have is the slow product evolution the Model S and others have changed very little.
Tesla stock has been over inflated for years and I did enjoy the way up, however its stock value at its peak was greater than the VW Group and Toyota combined was way too optimistic.
Now that the mainstream Auto companies are producing electric cars at great losses to meet governments impossible but realistically aspirational mandate of 50% of sales volumes, all car makers are on high gear now to get into the electric cars in a big way at tremendous cost to profitability.
Tesla is in a position to move down market with other factories coming on stream in Mexico.
The concern I have is the slow product evolution the Model S and others have changed very little.
Yes, there are plenty of reasons behind the Tesla crash:
- Elmo's antics (and there's been no shortage)
- Legal criticism of "full self driving"
- Troubles in China
- Endless delays for new product introductions
- Model S and X have looked ~the same for a long time. Model year 2023 is year 12 for Model S and they all look the same!
- New competition coming from all segments ...
- They've still got a reputation for being expensive and time-consuming to repair
- TSLA has been stupidly overvalued for a long time and there is a fair argument that it's still overvalued at today's price.
VW, GM, and Ford are going to be making money on EVs. Yes, there's going to be capital costs to absorb, but after that, the opportunities for platform-sharing and component-sharing between models are money in the bank. And it gets the government emission regulators off their backs. Euro 7? EPA/CARB Tier 3? Don't care any more. EV makes those upcoming standards "somebody else's problem".
Disclaimer: I own some MG. It's up today.
- Elmo's antics (and there's been no shortage)
- Legal criticism of "full self driving"
- Troubles in China
- Endless delays for new product introductions
- Model S and X have looked ~the same for a long time. Model year 2023 is year 12 for Model S and they all look the same!
- New competition coming from all segments ...
- They've still got a reputation for being expensive and time-consuming to repair
- TSLA has been stupidly overvalued for a long time and there is a fair argument that it's still overvalued at today's price.
VW, GM, and Ford are going to be making money on EVs. Yes, there's going to be capital costs to absorb, but after that, the opportunities for platform-sharing and component-sharing between models are money in the bank. And it gets the government emission regulators off their backs. Euro 7? EPA/CARB Tier 3? Don't care any more. EV makes those upcoming standards "somebody else's problem".
Disclaimer: I own some MG. It's up today.
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