banger17
Well-Known Member
Guess I should have listened to my brother when he was pushing me to get into XRP over the last year or so? Damn!
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- Thread starter Rain City
- Start date
wildmanyeah
Crew Member
Captain PartyMarty
Crew Member
I have mine locked in at less than 2% but I am concerned about what happens when the term ends, going to be ugly for a lot of mortgages I think
ab1752
Crew Member
I'm.not ready to hit the scam button quite yet, but holy over promted and since it is tech, I fell right in there as you know. The cse was clearly ripe for blood letting across the board, nothing of high risk I have held over the past 24 months is above water. It's a disaster.
The move to cash to crush the mortgage is 100% solid. Kick that pig into oblivion. Just yesterday I was on the ferry and some dude was on speaker in the car, finalizing his mortgage renewal for all to hear...he was stoked to have ground it down to 3 years @ 5.95% for 1.2M.
Rain City
Crew Member
I'm at prime -1.01% on a million. RBC had already raised it's rates big time a few months back when I was asking to lock in short term. Unfortunately I hit the worst possible renewal timing as they were still recommending variables as the better option. "It can't go up more than 2%" they said. At the time I was shocked that a fixed would have cost me 4.25%, sounds amazing now.
N2013
Well-Known Member
This is also the same govt that said during Covid, interest rates would remain low for a very long time. Govt & BOC have no idea what they’re doing and their word should not be trusted. Best thing we can do is to control what we can control; not over extend ourselves, invest in good companies or ETF’s, live below our means, buy boats and go fishing
.wildmanyeah
Crew Member
Renewal makes me sick thinking about it
Unreel
Well-Known Member
Rates are going to keep going up. Its the only plan the boc and the US fed have to try and bring down inflation. Its funny because inflation has slowed and all these economists are cheering but no its not fast enough so up go the rates. The sad truth is they will hike rates till people lose their jobs and then lose their homes putting us into a recession. And even then I don't see how they will reach there target inflation # of 2%. Imo we are in for a number of years of stagflation.
RiverBoy
Well-Known Member
he’s gonna turn into that smug prick from “ the great outdoors” that has everything better than you and let’s you know about it haha
RiverBoy
Well-Known Member
no idea what he had down but that’s approx. 4700- $5000 per month
Corey_lax
Crew Member
haha as VSBY jumps 25% since you said this.
banger17
Well-Known Member
In a way, I hope so. haha
Rain City
Crew Member
It needs to jump 1400% for me to break even on a lot.
banger17
Well-Known Member
I jumped onto the AI train about 6 months back with Palantir (PLTR). They are a pretty serious player with US department of defence and globally. One of the few I have that seems like a possible bright light. Already a double up which feels nice.
ab1752
Crew Member
They want that .17 warrant money no doubt. It will be promoted like never before leading into the next 4 weeks before expiration and I'm holding 200k warrants. I'd like to see the sp at .25 before exercising then blowing them out. I'm holding an even bigger bag of commons and am simply going to sit on them forever to see if this pig finds runway later this year or next.
If I'm close to being right, there's a short term trade here as they promote to warrant exercise but not for me. Up 38% at the close, I hate the cse haha
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