N2013
Well-Known Member
Do you hold anything American?
Hot stock tips
- Thread starter Rain City
- Start date
wildmanyeah
Crew Member
Not very much in my TSF account, Lots in my RRSP kinda backwards lol
I'm out of everything bond related and reinvetsed into a three tier two year GIC ladder at better yield and CDIC protection. I'm not buying or selling equity at this point; mostly holding dividend paying value so just going to ride the yields until volatility settles down.
N2013
Well-Known Member
Should probably get this thread back in rotation as the Usedboats for sale thread is trending that way.
Definitely some over leveraged folks out there who are feeling the pinch. I feel for them but greed got the best of many people and the next year is going to hurt.
We pulled $135K out our house earlier this year to max out our registered accounts. I do miss our 2.09 fixed rate, but knowing we have a large chunk of cash invested in a global, low cost etf, letting time & compounding do it’s thing, helps me sleep at night. Did we know interest rates we’re going up, yes. This quickly, no. But we’ve been able to contribute that much money into the market as our ETF was down 10-15% YTD during our contributions. We’re comfortable with seeing red in our portfolios, we’re looking 20-30years down the road when we’ll need to access this money. Also, We don’t view our primary residence as an asset when it comes to calculating a perspective retirement age. You still need a roof (or Bimini
) over your head regardless.
One Last thing before I get off my soapbox. If you’re in a position to give, please give a 20% tip when asked for a tip. Those people need it now more than ever.
Definitely some over leveraged folks out there who are feeling the pinch. I feel for them but greed got the best of many people and the next year is going to hurt.
We pulled $135K out our house earlier this year to max out our registered accounts. I do miss our 2.09 fixed rate, but knowing we have a large chunk of cash invested in a global, low cost etf, letting time & compounding do it’s thing, helps me sleep at night. Did we know interest rates we’re going up, yes. This quickly, no. But we’ve been able to contribute that much money into the market as our ETF was down 10-15% YTD during our contributions. We’re comfortable with seeing red in our portfolios, we’re looking 20-30years down the road when we’ll need to access this money. Also, We don’t view our primary residence as an asset when it comes to calculating a perspective retirement age. You still need a roof (or Bimini
) over your head regardless. One Last thing before I get off my soapbox. If you’re in a position to give, please give a 20% tip when asked for a tip. Those people need it now more than ever.
wildmanyeah
Crew Member
If I don’t want to give a 20% tip should I just stay home?
N2013
Well-Known Member
I’ll assume you’re an adult and can make decision for yourself.
This was something I read and it resonated with me. I thought, this is something I can do as well. Say you go to your local pub, restaurant, coffee shop, whatever. Good chance most of us are going to tip something. Is a couple extra bucks going to really set us back? No. And people that work in these jobs, will probably have a lower income. So with the increase of costs these days, why not try to help those workers of businesses I support, by tipping a little extra. I’m sure you’ve noticed staff shortages everywhere.
banger17
Well-Known Member
Thanks for bumping the thread.
I missed out on the early Covid plummet of the major bank stocks. I am biding my time to pounce on the bottom and get into BNS and BMO.
I, like many others, am seeing tons of red in my longstanding stocks and investments. Stings, but in it for the long haul.
I missed out on the early Covid plummet of the major bank stocks. I am biding my time to pounce on the bottom and get into BNS and BMO.
I, like many others, am seeing tons of red in my longstanding stocks and investments. Stings, but in it for the long haul.
. Nice yield too.
alumaman
Well-Known Member
We were down about 3% from our initial investment with our broker until they wrote down an investment late august that went into receivership and had thier funds frozen in April of 2021. We met with her and talked numerous times last year and not one mention of revievership or frozen funds. I checked the account balance regularly and this particular fund looked fine and was holding steady so why look into it or investigate. In late August she sent me a letter that "just came across her desk" after I called and asked about the drop in our account. I assumed from the way she was talking it just happened. After googling the outfit in recievership and seeing how much of a tangled web it was we fired her and are in the process of finding another place to put our money and it's going to be one of the big banks. The saving grace is GIC rates are increasing so I'm going this route until things settle down. Once we recieve all our money I'm going to look into legal action.
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ab1752
Crew Member
Yikes, I've been pleased overall with rbsds out of Vancouver, CG far less so...anyway DS was domion securities and was acquired by rbc. They are stones throw from PH&N, also owned by RBC, and definitely feel like a bank.
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wildmanyeah
Crew Member
must be time to buy since everyone is not liking stocks right now
alumaman
Well-Known Member
Thanks, I've heard good things about RBC and I was going to contact them and BMO today.
MRWood
Well-Known Member
"Be a buyer when everyone else is a seller and a seller when everyone else is a buyer"....sometimes lol.
Corey_lax
Crew Member
We have the majority of our savings with BMO Nesbitt Burns. Our guy has been consistently getting 10-15% returns per year. He's really good. It was down earlier this year but is about even now. He does much better than my Questtrade account haha
wildmanyeah
Crew Member
its generally worked out for me, I bought oil when it was 20 bucks a barrel and everyone said it was never going to go back up again. Sometimes it just take a few years but it always turns around.
if you have a short term outlook then year probably not the bottom,
ab1752
Crew Member
It's the DS office on thurlow downtown...our guy who is a DS lifer is actually retiring next spring. We have a new guy who has been there for a long time too, but I can't say what his performance is like other than the song and dance they delivered to transition mine, and tons others, to the other guy. I'm sure he's buying our guy's book.
You could consider CCL or PHN directly too but last I checked they wanted a minimum account balance of 2M, it may be 1M these days.
Interesting times, my CG account sees a .0075 fee per transaction but the parent company is unilaterally levying a 400 annual carrying charge this year, soon as the time is right I'm moving it all to DS.
Good luck, it's a painful process selecting someone with your trust. And be very careful in selecting your fee base.
Oh and don't rule out Raymond James too.
seahorse
Crew Member
That’s the Warren Buffett or contrarian thinking and really Investing 101. Or buy a good stock when it first splits works as well.
ab1752
Crew Member
Ok who is stepping into meta on the epic race to the bottom? Only question is...where is that exactly? See if the twit deal closes tomorrow or not, sure a lot of fuss in the past few days for it not to.
Personally, I don't think the bottom is here yet on meta, I'd call low 70s before the Woods of the world come pouring back in.
Personally, I don't think the bottom is here yet on meta, I'd call low 70s before the Woods of the world come pouring back in.
