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Stocks
- Thread starter Boots
- Start date
That’s awesome! Congrats.
Meanwhile I’m still analyzing a decision like that lol. I don’t have the nuts to leverage invest.
If you're borrowing to buy investments don't spend more than you can afford to lose and don't use a HELOC for this unless you're dead certain you can pay it back.
My elderly Aunt is 95 and had a buy and hold policy for many investments. She is looking at divesting one of her funds purchased in 1968 for $2,000 and today's value, depressed by the current slump, is $350,000. That's a hair less than a 10% return, every year, for 53 years and she was 42 years old when she purchased this.
My plan was to take out 5-10k, pay it down with my money, not dividends.
Rinse and repeat.
My justification is that instead of putting 200-300/month into it I get a single shot boost into the investments and interest rate be damned as it’s a long term play.
Right now my HELOC is close to 7% (Prime + 1%) whereas my unsecured loc is Prime.
Last December I had little choice in which stocks to sell (Lightspeed and Shop) to do some capital loss harvesting.
However, this year lots of choice with less need for me as capital gains will be significantly lower.
For the retired like me, it is also a good time to to explore moving depressed stocks (in kind) out of RRSP into margin accounts for less impact on income and hopefully let them recover in the margin account and be taxed on gains rather than income.
However, this year lots of choice with less need for me as capital gains will be significantly lower.
For the retired like me, it is also a good time to to explore moving depressed stocks (in kind) out of RRSP into margin accounts for less impact on income and hopefully let them recover in the margin account and be taxed on gains rather than income.
Been a while since this has been updated...how's everyone doing?
Thinking time to invest in some oil stocks as OPEC is cutting production...and saw a report today of $100/barrell price coming up again.
Thinking time to invest in some oil stocks as OPEC is cutting production...and saw a report today of $100/barrell price coming up again.
Last year sucked. Still doing ok over long term. No substantial changes to portfolio in 2022.
Down 25-30
percent from high water mark still up 18% from this point last year
percent from high water mark still up 18% from this point last year
Looks like you weren’t the only one…
TD world's most shorted banking stock, shares down -ORTEX data — Reuters Canada
Hedge fund bets against Canada's TD Bank Group on Wednesday hit $4.2 billion, making it the most-shorted banking stock globally, according to data provider ORTEX's calculations, with some analysts concerned about the bank's exposure to U.S. regional lenders.
apple.news
Overall, all investments, net of fees, 13 years to Dec. 31, 2021: 8.79%
Overall, all investments, net of fees, 14 years to Dec. 31, 2022: 7.26%
2022 not a great year.............. As others have commented will take a few years to recover.
My experience is that many people cherry pick what they want to talk about in term of investment success. Lots have a story about the 200% gain they made on a stock, but silence on the 3 or 4 stocks where they lost money. I look at the big, long term picture on everything
Overall, all investments, net of fees, 14 years to Dec. 31, 2022: 7.26%
2022 not a great year.............. As others have commented will take a few years to recover.
My experience is that many people cherry pick what they want to talk about in term of investment success. Lots have a story about the 200% gain they made on a stock, but silence on the 3 or 4 stocks where they lost money. I look at the big, long term picture on everything
That's why I post the charts. Some individual winners and losers but overall is the important number. Dollars dont matter as that is primarily related to how much you were able to put in, percentages can be easily compared.
There are at least a few ETF's with MER's approaching mutual fund levels. Dirty tricks to profit from unsuspecting investors that have been told ETF's are better.
To start with, pick a segment that you are interested in investing in. For instance, if you want to invest in S&P 500, which index funds are available and do any have advantages or disadvantages? If you want to invest in energy, same questions, etc etc. Also, what is the goal of your investment? Capital appreciation or generating cashflow?
Fwiw, I have most of the kids RESP in XQQ.TO (Ishares Nasdaq 100 Cad Hedged). It's done well most years. This year it is down about 20%. Higher MER (0.39%) to deal with the hedging but I wasn't sure what the CDN/USD rate would be at withdrawal time and didn't want to deal with a potential big correction there. I also own VFV (Vanguard S&P 500). Those may not be the choices you want to make. Both of those really suck if your goal is cashflow from dividends.
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The easiest way to get started is to set up an investment account in the investment arm of wherever you do your banking right now. Just go to your local branch and ask to speak to an adviser about setting up an investment account, with online banking and trading. This way it's really easy to transfer funds between accounts and you can do your trading online.
I have experience with two of them. TD's online brokerage is pretty good, and easy to use. It's really easy to do basic research on any securities within their online interface. National Bank's, not so much, but some of that might be that I don't use it so much. I have my TFSA at National Bank, and I only touch that account once per year ... to put in the annual contribution, and then buy what I want within the account using the contribution plus whatever dividends accumulated over the year.
After doing lots of research a few years ago, I started buying ETF's. Since I was with Scotia, I opened a trading account there, and within that, and RRSP and TFSA. You can certainly open up a trading account with whatever bank you're with, but I would suggest just doing it online, or calling them. There shouldn't be any need to go in and talk to anyone. So called advisers are just salespersons for the banks products, and ETF's are not them. Scotia was charging $10 per trade, so I opened up an account with Wealthsimple. With them, you only pay the trade fee when you sell. Make sure you set up your ETF to reinvest any dividends you may get paid out. Hope that helps.
I would think at 95 years old she should maybe have been looking at divesting earlier. (maybe she's so loaded it doesn't matter....)
Timely posts....
What do you guys think of GE? They were a full on shitshow a few years back but seemed to have turned it around. I kick myself every few months for not buying it a few months prior....
What do you guys think of GE? They were a full on shitshow a few years back but seemed to have turned it around. I kick myself every few months for not buying it a few months prior....
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