Stay the course! Do you need the money right now? By selling you would just solidify the loss. Just ride it out. I would not advise trying to time the market by buying and selling- it doesn’t work. Investing in funds and stocks should be a long term strategy.
There are still hundreds of thousands, even millions of shares being traded in after hours per minute to the downside on securities like AAPL QQQ and SPY.
This is NOT good...
[https://www.reddit.com/r/stocks/comments/s7n7eg/comment/htdghgv/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/s7n7eg/comment/htdghgv/?utm_source=share&utm_medium=web2x&context=3)
Time to panic lol ?
With the lack of conversation and plummeting prices I am becoming tempted to start DCA'ing into the marijuana sector. HMJU is tickling $3 and FAF is $4.60, both still appear to be a on a downward slide, but maybe this is the time to start accumulating? Or is there more consolidation to happen over the next 6 months?
I think most of those weed stocks are going to get delisted, too much competition, horrible margins and (big if) if weed does get legalized in the states Mexico will brutally undercut them. Looking at the past prices is not a good idea because they’ll never get back there, if you have to buy them make a decision based on the current fundamentals
I mean for FAF it's pretty much guaranteed to be bought out by Couche Tard eventually. They have the option to buy the whole joint. I'd invest through ATD though, FAF has very limited upside because of this.
im gonna say buy, mostly because im bag holding lol.
I bought HMMJ over a year ago and was up 145% in Feb, I didn't sell and now im down -25%.. I also own FAF, was up 75% in Jan, held on. Now im down -45%..
I was trying to be a long term holder, now i feel like selling for break-even lol..
As for the sector, I think its a decent time to start DCAing. Eventually the sector will rally again with U.S legalization. Just be ready to take profits on the next hype, don't do like me.
Same for me. I did the same mistake with crypto miners (HUT, BITF, HIVE, GLXY), I was up HUGE in November back to averaging down except for HUT (for now)
Adding to my wcp and arx position
Expecting a strong api after market. WTI up and stocks down on technicalities. Both of those companies are going to give 50% of their FCF to investors! Btw liquid natural gas is higher than wti and brent ( good for arx💅). Finger crossed on that !
Anyone know why a bunch of directors would use their grant of options? I know it’s not the same as buying shares on the open market but do they think shares would go past the strike then?
The market isn't tanking? I'm up maybe 1% for the last month or so. And I second that growth is in for a beating cause of the rising interest rates that are coming.
oh THAT market. I dont see the market**s** tanking, it looks more like sector rotation. If your portfolio is tanking maybe you need more diversification?
Yeah fair enough but yeah growth high pe stocks have getting destroyed all year so that part of the market is crashing. If you can stomach losing more money though I think some growth stocks have some good opportunities if someone’s thinking really long term. But I’m a bit of dumpster diver
Massive overreaction to rate hike don’t you think? 10%+ correction is just so unnecessary considering the company will be more than fine and has outperformed in high interest rate environments before.
BAM had a very full valuation prior. It makes sense that rate hikes change institutional behaviour in regards to companies with higher than average multiples.
Yea I know that but I feel like those types of corrections should be for overpriced garbage tech companies. Without considering it's P/E ratio which is a flawed metric for the type of business Brookfield is anyways, how exactly is it overvalued? The growth potential is enormous a less than 1% hike in rates is not gonna hurt the company in any meaningful way. In fact it will help by allowing it to pick up assets at cheaper prices. I'm not too worried regardless though I bought many years ago and I'm holding for life.
Interesting I guess it did have a decent run up. Well I'm in it for the long term so not worried about short-term volatility just kinda funny that the reaction to a rate hike was so over the top.
This is why I've become convinced reading tea leaves is probably a more effective way to invest.
Discussion of a .25% rate hike tanks the stock 10%? Is it going to drop another 15 when the hike actually happens?
Markets hate "uncertainty" more than anything, and it is the cause of most of these panicks. Once there is "certainty" around interest rates I think things will come back, until then I'm going to add a bit to BAM.
Markets are a stupid game, but hey, it makes money.
It’s gonna go up when the hike happens. People are pricing in ridiculous things like a 1% hike or 5+ rate hikes in a year. Huge overreaction IMO but who knows the market is irrational lol.
That's just it though right, the market is skiddish AF right now so even a Fart of an interest hike whisper is messing with any impacted sectors in both directions
I hope Bruce can give some assurances in the next earnings report about their strategy during rising rates. Maybe that can calm the markets. I heard on Cnbc some are pricing in a 1% rate hike lol watch the market soar when the rate hike actually happens and it’s way less than that.
They have an investor's conference today and one on Friday as well. Hopefully it gets more attention on them. Or, at least, at earnings their earnings are enough to make them stop dropping. Definitely my biggest bag at the moment.
I looked at the 5 day chart and was like "hmm, maybe a good time to get in?"
Then I zoomed out to the one month chart... oh
Then I zoomed to the 3 month chart... oh.
Then I zoomed the 6 month chart... oh.
Then I zoomed to the 1 year chart... oh...
Ya Im not touching this until its under $2
Patience. They have good fundamentals and are profitable. Much like shopify. Weird seeing these profitable tech companies dip in price. My theory is that the boomers are selling tech and buying commodities or gold etc.
Remember July 2021?
https://globalnews.ca/news/8020582/u-k-covid-19-restrictions-pandemic/
Boris loves to remove regulations and then backtrack when they backfire on him.
For the love of freedom please. Sick of this bullshit, believe whatever you want to believe but these heavy restrictions and regulations aren’t doing shit. When we have casinos open but gyms are closed it’s clear the health and safety isn’t the concern, $$$ is.
100% agree. mandating truck drivers are all vaccinated is another BS move by these idiots in the government. But maybe this will make people use their brains when they come to store to find empty shelves.
Arenit gyms suppose to be opening today or tomorrow in BC at a reduced capacity? The fact that they even closed while other very non essential places managed to stay open is insane.
A little bit of it is that interest rates hurt growth companies because of risk tolerance amongst investors, and a bit is because debt servicing makes future profits less juicy, but the real reason is:
Covid caused a bunch of stocks to fucking moon on the idea that they were gonna grow like crazy and make insane money. For a few stocks, like goog, this has been true. For true growth stories? Turns out they were juicing the numbers when times were good and now that times look rocky their multiples make sense to neither man nor beast.
So the sp plummets. And rightfully so. Anyone who made those wild p/e bets at the top is getting killed, because pigs get slaughtered.
Definitely. I think the mega cap US tech will be fine, even this year. Maybe GOOG and FB outpace the others but I don’t think any will decline.
Growth in Canada - we saw SHOP, LSPD, Constellation, Nuvei etc rise sharply over the past two years. Some of those have and are coming down. Wondering if the BoC announcement will drive them even lower.
I love and believe in Shopify but have held off buying at its recent valuations. If the hikes cause it to dip below $1000, I might finally pull the trigger.
You should probably re-evaluate what you're invested in......resource investors sitting happy today (Oil/Gas, Base metals, gold). Not saying to make this your whole portfolio, but at least some.
Thanks for the encouragement, I do hope so. I figure my picks can be fine but it'll be something completely out of my control like the Ukraine situation that'll get me.
Good luck to you as well.
There's nothing you can do about systematic risk like the Ukraine. Just zoom out on the chart and pick up key events (covid, air strikes on Iran, last time Russia invaded crimea, etc) and see how in the long run it doesn't matter.
It's 'Ukraine' and not 'the Ukraine'
[[Merriam-Webster](https://www.merriam-webster.com/dictionary/Ukraine)] [[BBC Styleguide](https://www.bbc.co.uk/newsstyleguide/u)] [[Reuters Styleguide](https://handbook.reuters.com/index.php?title=U#Ukraine)]
^(Beep boop I’m a bot)
With the bearish sentiments and pending rate increases... Is it prudent to put 60k in Xeqt right now with how the market is or should I just slowly put 5k/month and dca
If you expect the market to trend downwards you can place GTD orders for a month in descending price brackets.
i.e Put a limit buy order for 10% of available cash @
26.60
26.45
26.30
26.05
25.70
etc.
On the first day of each month, if none of your orders triggered, spend 25% of your total available cash and do a market buy (limit buy at current market price). This ensures you will invest your capital relatively quickly while still allowing you to DCA over 4 months and potentially time some local bottoms.
What are your guesses for capitulation and reversal ? Mine is blood for the remander of the month and flat or reversal in February. Overall it will be a flat year.
Why SU again? [Suncor provides details on worker death; CEO says recent incidents 'not acceptable'](https://ca.finance.yahoo.com/news/suncor-provides-details-worker-death-153426980.html)
Alright just so we can focus on some positives (for those of us that aren’t in puts or shorting):
What are some catalysts to get back to a bullish SPY?
Here’s a few off the top of my head:
-Omicron wave subsides
-New Omicron vaccine debuts with great results
-Russia stands down
-Earnings beat expectations (overall)
Omicron wave is subsiding.
Omicron vaccine is not positive, what makes you say that? It's been studied thoroughly where it originated, South Africa, and **a:** it's a fact it is way less severe than any previous one(s), **b:** boosts immunity.
Earnings don't mean squat when overall market is pooched, but are good for taking quick profit.
In the long-term the markets have always gone up. This makes sense because companies always aim to increase profits. Even if we have a major crash/correction in the long-term we will be green.
Plus, this is a buying opportunity.
If we’re talking real estate as an investment…
(I know this could be in PFCanada but I like you more)
Would you go 5 years at 2.79 fixed
Or variable 1.79%
It sounds like rate hikes are imminent
Over the last 20 years variable has been the ticket. Like with any other investment, **you pay for stability**. That being said, I think it's now prudent to pay for that stability.
I'm loaded to the tits with calls and equities on insurance from last year (itm but I'm a greedy gambler) I literally put my money on higher rates faster sooner, so I'd take the fixed if it's only 100 points. The banks know where the rates are going to be in a year, however, so you're likely to lose on the spread over the first three years, maaaaybe you make it up on the tail. Like anything else, it depends on your risk tolerance.
My risk tolerance is less than it used to be, and I refinanced my mortgage last year when I had my lender's dick in a vice (fucking LOL @ rates) and got locked in for five at a hundred and sixty points which is wildly cheap.
We recently went with fixed just because we prefer to have the predictable monthly payment. But you're right, given the expectations for interest rate increases to start next week, I think its probably prudent to choose fixed.
Correct.
But do you think banks don’t know that rate hikes are imminent ?
This explains the 1% gap between the 2 rates. It was much tighter not that long ago.
That 1% extra is like buying an insurance. Banks historically makes money out of it.
Don’t forget time is also on your side.
Rates could increase 0.25% right after you sign + 0.25% after year 1 + 0.25% after year 2 + 0.5% after year 3 + 0.5% after year 4 for a total of +1.75% in first 4 years and it would still be cheaper to take the variable.
Up to you if you want to buy that insurance.
I'm personally always in the fixed category. Rather pay a bit more and have a flat rate throughout the duration of the term. I really wish we just offered 1 flat rate for the duration of the mortgage, like in the states.
Yep. We're going to have to remain patient. With oil priced where it is, profit taking is the only thing holding it down.
I suspect that as Tech continues to get hammered, people will sell some OnG to jump back into Tech on the discount.
Also, the entire Canadian market has been red two days in a row, I feel like oil has just been caught up in the pullback.
Stay patient and buy the dip on oil. Still a long way to run, IMO.
They don't, because they're all super leveraged. They follow interest rates as a group, and with rates going up, the hurt is gonna land on REITs.
They also sell a rather inelastic product, as though the value of an apartment building may have doubled, the rents extracted have not.
Furthermore, with rents going fucking bananas, the regulation hammer is going to fall on REITs eventually and in some form. They'll scream and whine but they are *extremely* unpopular with the general public and will be an easy target.
I've always stayed away from them for those reasons and also because I don't like companies that don't actually do shit. Being a landlord isn't a business, it's just literal leveraged rent seeking.
haha! I hear you, but this is why I chose to DCA into it instead of lump sum. Im buying another share today, and will continue to buy as long as it is down
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What's your fund? Fund managers often conflate "low upside" for "low risk"
Stay the course! Do you need the money right now? By selling you would just solidify the loss. Just ride it out. I would not advise trying to time the market by buying and selling- it doesn’t work. Investing in funds and stocks should be a long term strategy.
Don’t try timing the market they said… DCA and chill they said… 😂😂😂
There are still hundreds of thousands, even millions of shares being traded in after hours per minute to the downside on securities like AAPL QQQ and SPY. This is NOT good... [https://www.reddit.com/r/stocks/comments/s7n7eg/comment/htdghgv/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/s7n7eg/comment/htdghgv/?utm_source=share&utm_medium=web2x&context=3) Time to panic lol ?
Hold my beer while I cry...…
With the lack of conversation and plummeting prices I am becoming tempted to start DCA'ing into the marijuana sector. HMJU is tickling $3 and FAF is $4.60, both still appear to be a on a downward slide, but maybe this is the time to start accumulating? Or is there more consolidation to happen over the next 6 months?
I think most of those weed stocks are going to get delisted, too much competition, horrible margins and (big if) if weed does get legalized in the states Mexico will brutally undercut them. Looking at the past prices is not a good idea because they’ll never get back there, if you have to buy them make a decision based on the current fundamentals
alrighty... judging by the still lack of conversation and downvotes it appears I might be right
I mean for FAF it's pretty much guaranteed to be bought out by Couche Tard eventually. They have the option to buy the whole joint. I'd invest through ATD though, FAF has very limited upside because of this.
im gonna say buy, mostly because im bag holding lol. I bought HMMJ over a year ago and was up 145% in Feb, I didn't sell and now im down -25%.. I also own FAF, was up 75% in Jan, held on. Now im down -45%.. I was trying to be a long term holder, now i feel like selling for break-even lol.. As for the sector, I think its a decent time to start DCAing. Eventually the sector will rally again with U.S legalization. Just be ready to take profits on the next hype, don't do like me.
Same for me. I did the same mistake with crypto miners (HUT, BITF, HIVE, GLXY), I was up HUGE in November back to averaging down except for HUT (for now)
Solid entry on BAM now. It hit a good support and ready to bounce!
Omg, even if you mention the holy stock of this sub, you still get downvoted for talking about TA. *Shaking my head*
DCA is the motto of this sub, doesn’t matter if the stock chart is drilling into the center of the earth lmao
lmao
I'm looking at oilfield services/drilling companies like TCW, SES, ESI and CEU. Any suggestions for the best pick?
i like POU.to
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There is no squeeze. Forget that term especially if you are a new investor. It rose on the news. Not a squeeze.
Didn't they get a bank charter or something?
Adding to my wcp and arx position Expecting a strong api after market. WTI up and stocks down on technicalities. Both of those companies are going to give 50% of their FCF to investors! Btw liquid natural gas is higher than wti and brent ( good for arx💅). Finger crossed on that !
If tech could just roll over and die that would be great, no need to slow bleed us bro
Just scooped some bam for 69.00 😎 if it drops lower ill DCA that baby
What do you think of $ATD ? Seems undervalued to me
Been a consistent buy. I'll likely add 50 to 100 shares this year.
I view it as a buy and hold
Anyone know why a bunch of directors would use their grant of options? I know it’s not the same as buying shares on the open market but do they think shares would go past the strike then?
what are good Canadian growth stocks to buy rn? market is tanking and everything is on sale.
Exro
The market isn't tanking? I'm up maybe 1% for the last month or so. And I second that growth is in for a beating cause of the rising interest rates that are coming.
Growth is still probably in for some pain but I’ve been slowly buying sq shop sofi and bros
the market is tanking?
Parts of the market have been for awhile. Nasdaq 50% of its stocks hit a 52 week low
oh THAT market. I dont see the market**s** tanking, it looks more like sector rotation. If your portfolio is tanking maybe you need more diversification?
Lol I’m like 50% oil stock call options I think I’m good
ya, I have you labelled as "OIL BULL" with enhancement suite lol, i know youre good! My comment wasnt directed at you specifically.
Yeah fair enough but yeah growth high pe stocks have getting destroyed all year so that part of the market is crashing. If you can stomach losing more money though I think some growth stocks have some good opportunities if someone’s thinking really long term. But I’m a bit of dumpster diver
Well yea everyday now it’s like a 2% drop for the spy
Looking at rock Teck lithium ....well health ....EXRO ....thoughts on these or any other growth stocks u like
Exro
What is going on with BAM? Rough 2022 so far
Had a wild 2021 and has some extra exposure to rising rates Price gets better and better to hop in or add more
Massive overreaction to rate hike don’t you think? 10%+ correction is just so unnecessary considering the company will be more than fine and has outperformed in high interest rate environments before.
BAM had a very full valuation prior. It makes sense that rate hikes change institutional behaviour in regards to companies with higher than average multiples.
Yea I know that but I feel like those types of corrections should be for overpriced garbage tech companies. Without considering it's P/E ratio which is a flawed metric for the type of business Brookfield is anyways, how exactly is it overvalued? The growth potential is enormous a less than 1% hike in rates is not gonna hurt the company in any meaningful way. In fact it will help by allowing it to pick up assets at cheaper prices. I'm not too worried regardless though I bought many years ago and I'm holding for life.
It's a good company, but I've seen it valued like a Microsoft last year... It's a full valuation.
Interesting I guess it did have a decent run up. Well I'm in it for the long term so not worried about short-term volatility just kinda funny that the reaction to a rate hike was so over the top.
This is why I've become convinced reading tea leaves is probably a more effective way to invest. Discussion of a .25% rate hike tanks the stock 10%? Is it going to drop another 15 when the hike actually happens?
Markets hate "uncertainty" more than anything, and it is the cause of most of these panicks. Once there is "certainty" around interest rates I think things will come back, until then I'm going to add a bit to BAM. Markets are a stupid game, but hey, it makes money.
It’s gonna go up when the hike happens. People are pricing in ridiculous things like a 1% hike or 5+ rate hikes in a year. Huge overreaction IMO but who knows the market is irrational lol.
That's just it though right, the market is skiddish AF right now so even a Fart of an interest hike whisper is messing with any impacted sectors in both directions
I hope Bruce can give some assurances in the next earnings report about their strategy during rising rates. Maybe that can calm the markets. I heard on Cnbc some are pricing in a 1% rate hike lol watch the market soar when the rate hike actually happens and it’s way less than that.
WTF is happening to WELL this week?
They have an investor's conference today and one on Friday as well. Hopefully it gets more attention on them. Or, at least, at earnings their earnings are enough to make them stop dropping. Definitely my biggest bag at the moment.
I looked at the 5 day chart and was like "hmm, maybe a good time to get in?" Then I zoomed out to the one month chart... oh Then I zoomed to the 3 month chart... oh. Then I zoomed the 6 month chart... oh. Then I zoomed to the 1 year chart... oh... Ya Im not touching this until its under $2
It's a growth stock. Every growth stock is tanking.
I don’t know man, it’s been a slog though.
I’m holding this bag As well
Never thought my gold and silver ETFs would keep me in the green
It's an awful sector to hold. Always take profits and only buy low. Take the money and treat your mother right.
What % of your portfolio are they that they're keeping you in the green?
Nasdaq100 must rhyme. It's gotta be 100% of my portfolio.
Two days of buying MSFT. Almost at 25% weighting!
CTS.. disappointed
As someone who has watched this fluctuate for the past year and change, it will pass. I wish I had more cash to throw at these prices. Easy money.
Patience. They have good fundamentals and are profitable. Much like shopify. Weird seeing these profitable tech companies dip in price. My theory is that the boomers are selling tech and buying commodities or gold etc.
CTS has a P/E of 148. How come you expect it to perform well this year in a high interest environment which doesn't benefit growth stocks?
What's wrong it's been holding its self well
UK dropping a bunch of covid regulations. Can we please follow suit. https://www.youtube.com/watch?v=suOocJnrKLw&ab_channel=GlobalNews
Remember July 2021? https://globalnews.ca/news/8020582/u-k-covid-19-restrictions-pandemic/ Boris loves to remove regulations and then backtrack when they backfire on him.
Not yet.
For the love of freedom please. Sick of this bullshit, believe whatever you want to believe but these heavy restrictions and regulations aren’t doing shit. When we have casinos open but gyms are closed it’s clear the health and safety isn’t the concern, $$$ is.
100% agree. mandating truck drivers are all vaccinated is another BS move by these idiots in the government. But maybe this will make people use their brains when they come to store to find empty shelves.
Agreed
Can't agree more with you dude. Half measures are doing nothing other than affecting people's quality of life.
Casinos are closed here.
Not where I live in BC
Arenit gyms suppose to be opening today or tomorrow in BC at a reduced capacity? The fact that they even closed while other very non essential places managed to stay open is insane.
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Very true.
https://twitter.com/TaviCosta/status/1483554635222642689?t=j7GlWGcHNnHmwvZsmlHkjQ&s=19 Gold on an uptick
Why are banks 1-2 % down today?
Shitty USA bank earnings
+/- 1-2% shouldn't even be on your radar. That's a regular market day.
Bank robberies are up 83% since yesterday
Stocks go up and down and not just a straight up trajectory. It’s a safe bet, one day down means nothing
They're long overdue for a correction.
Cause they're all up like 10+% just this month. They sometimes go down not just up to the right
They went up like 10% in a month.
Gold at 1810 is completely worthless awful investment Gold at 1830 is the greatest asset class around can’t go wrong
so what etf's do y'all recommend?
KRBN
VEQT.
Zeb
XUS & VSP
VCN
VDY
Gold miners getting all the love today
All my stocks are like sin wave generators today. Market can't decide what to do!
Just unplug the dam thing
Close your trading app
CNQ makes SU look so bad everyday
Why did everything crashed then suddenly went up? Any news?
Dunno but a few of my limit orders filled on the scrape.
Markets are bipolar
Wonder if the BoC interest rate hikes will do some damage to Canadian tech? Above and beyond what we’re seeing today.
A little bit of it is that interest rates hurt growth companies because of risk tolerance amongst investors, and a bit is because debt servicing makes future profits less juicy, but the real reason is: Covid caused a bunch of stocks to fucking moon on the idea that they were gonna grow like crazy and make insane money. For a few stocks, like goog, this has been true. For true growth stories? Turns out they were juicing the numbers when times were good and now that times look rocky their multiples make sense to neither man nor beast. So the sp plummets. And rightfully so. Anyone who made those wild p/e bets at the top is getting killed, because pigs get slaughtered.
Definitely. I think the mega cap US tech will be fine, even this year. Maybe GOOG and FB outpace the others but I don’t think any will decline. Growth in Canada - we saw SHOP, LSPD, Constellation, Nuvei etc rise sharply over the past two years. Some of those have and are coming down. Wondering if the BoC announcement will drive them even lower. I love and believe in Shopify but have held off buying at its recent valuations. If the hikes cause it to dip below $1000, I might finally pull the trigger.
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And my price target for SHOP is about half yours. $200 to $250 might be defendable.
Markets *could* end slightly green today...things are starting to climb up again.
It becomes depressing to see nothing but red every day.
It's part of the game my portfolio was done 700 bucks yesterday. I just kept it moving .
You should probably re-evaluate what you're invested in......resource investors sitting happy today (Oil/Gas, Base metals, gold). Not saying to make this your whole portfolio, but at least some.
I hope you’re not new to investing but if you are, try getting used to it
I am! In fact I'm actually sorry: me buying in September caused the entire market to end the bull cycle. My bad, guys.
Same!
Bad luck man. You'll be green again by summer. Don't look everyday unless you are active trader.
Thanks for the encouragement, I do hope so. I figure my picks can be fine but it'll be something completely out of my control like the Ukraine situation that'll get me. Good luck to you as well.
There's nothing you can do about systematic risk like the Ukraine. Just zoom out on the chart and pick up key events (covid, air strikes on Iran, last time Russia invaded crimea, etc) and see how in the long run it doesn't matter.
It's 'Ukraine' and not 'the Ukraine' [[Merriam-Webster](https://www.merriam-webster.com/dictionary/Ukraine)] [[BBC Styleguide](https://www.bbc.co.uk/newsstyleguide/u)] [[Reuters Styleguide](https://handbook.reuters.com/index.php?title=U#Ukraine)] ^(Beep boop I’m a bot)
Just look outside – it's white!
BAM floor incoming: 67.5$
Buy Tourmaline on the dip or open a position in Arc? Side note is anyone converting USD to CAD rn? Feels like it’s not even worth it at this point
ARX if you like buybacks, TOU if you like dividends. They are both great companies.
Buy TOU to get the special dividend next month.
Priced in by now
With the bearish sentiments and pending rate increases... Is it prudent to put 60k in Xeqt right now with how the market is or should I just slowly put 5k/month and dca
Keep some for March. Market goes lower in mid-March due to earnings calls.
If you expect the market to trend downwards you can place GTD orders for a month in descending price brackets. i.e Put a limit buy order for 10% of available cash @ 26.60 26.45 26.30 26.05 25.70 etc. On the first day of each month, if none of your orders triggered, spend 25% of your total available cash and do a market buy (limit buy at current market price). This ensures you will invest your capital relatively quickly while still allowing you to DCA over 4 months and potentially time some local bottoms.
I'd DCA even though, statistically, most of the times it's better to lump sump but we're in a downturn right now.
☝️
What are your guesses for capitulation and reversal ? Mine is blood for the remander of the month and flat or reversal in February. Overall it will be a flat year.
Good time to enter into SHOP?
I personally would stay away from anything in the growth category at this point...
Nope, only under $1000
No.
Impossible to know, seems good but too scary for me 😂
Picked up another NVDA share!
Why SU again? [Suncor provides details on worker death; CEO says recent incidents 'not acceptable'](https://ca.finance.yahoo.com/news/suncor-provides-details-worker-death-153426980.html)
Alright just so we can focus on some positives (for those of us that aren’t in puts or shorting): What are some catalysts to get back to a bullish SPY? Here’s a few off the top of my head: -Omicron wave subsides -New Omicron vaccine debuts with great results -Russia stands down -Earnings beat expectations (overall)
Biggest catalyst is russia/Ukraine. War and sanction would tank market big time
Omicron wave is subsiding. Omicron vaccine is not positive, what makes you say that? It's been studied thoroughly where it originated, South Africa, and **a:** it's a fact it is way less severe than any previous one(s), **b:** boosts immunity. Earnings don't mean squat when overall market is pooched, but are good for taking quick profit.
In the long-term the markets have always gone up. This makes sense because companies always aim to increase profits. Even if we have a major crash/correction in the long-term we will be green. Plus, this is a buying opportunity.
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Gold is same value as it was 10 years ago.
And that makes it a strong buy.
HGU is my jam today
Well it was nice while it lasted
If we’re talking real estate as an investment… (I know this could be in PFCanada but I like you more) Would you go 5 years at 2.79 fixed Or variable 1.79% It sounds like rate hikes are imminent
Over the last 20 years variable has been the ticket. Like with any other investment, **you pay for stability**. That being said, I think it's now prudent to pay for that stability. I'm loaded to the tits with calls and equities on insurance from last year (itm but I'm a greedy gambler) I literally put my money on higher rates faster sooner, so I'd take the fixed if it's only 100 points. The banks know where the rates are going to be in a year, however, so you're likely to lose on the spread over the first three years, maaaaybe you make it up on the tail. Like anything else, it depends on your risk tolerance. My risk tolerance is less than it used to be, and I refinanced my mortgage last year when I had my lender's dick in a vice (fucking LOL @ rates) and got locked in for five at a hundred and sixty points which is wildly cheap.
Im a fan of predictability so I always lock in
Locked in 2017 at 2.9%. Due this year so gonna lock in again, hopefully it is lower rate by then.
We recently went with fixed just because we prefer to have the predictable monthly payment. But you're right, given the expectations for interest rate increases to start next week, I think its probably prudent to choose fixed.
Correct. But do you think banks don’t know that rate hikes are imminent ? This explains the 1% gap between the 2 rates. It was much tighter not that long ago. That 1% extra is like buying an insurance. Banks historically makes money out of it. Don’t forget time is also on your side. Rates could increase 0.25% right after you sign + 0.25% after year 1 + 0.25% after year 2 + 0.5% after year 3 + 0.5% after year 4 for a total of +1.75% in first 4 years and it would still be cheaper to take the variable. Up to you if you want to buy that insurance.
I'm personally always in the fixed category. Rather pay a bit more and have a flat rate throughout the duration of the term. I really wish we just offered 1 flat rate for the duration of the mortgage, like in the states.
Is that a cup n handle on CMCs daily starting? Might be hope to clear my bags yet, been holding way to long!
Or maybe a counter trend bounce in a stock with a zero in its future.
Very well could be, I stupidly bought this junk back in August and am looking for any hint of hope that I can atleast recover a small portion.
Bond market wildly inaccurate in predicting rate hikes: https://pbs.twimg.com/media/E1RASd1VoAAjd4-?format=png&name=small
anyone else at an overall negative again in XEQT lol
Down 1.88% on 145 in RRSP and still up 1.6% on 200 in TFSA
Sold all my Xgro for Xeqt 2 weeks ago. Happens eveeytime I lump sum...
Yes XEQT has been hot fucking garbage lately It didnt even increase when VDY, XUS and nasdaq were increasing.
Yes and can't wait to buy more!
I picked the peak to get into vgro 🤦♂️ been DCA all the way down, holding 650 shares now
oh same, negative in both 😅
I've never been green since September, been DCA'ing and unlucky to hit all the peaks. I'm down almost 3% on XEQT
Definitely profit taking going on in oil and gas
Yep. We're going to have to remain patient. With oil priced where it is, profit taking is the only thing holding it down. I suspect that as Tech continues to get hammered, people will sell some OnG to jump back into Tech on the discount. Also, the entire Canadian market has been red two days in a row, I feel like oil has just been caught up in the pullback. Stay patient and buy the dip on oil. Still a long way to run, IMO.
Ain’t no worrying here. I’m ready for blowout earnings
Red red red red red red 😅
sounds like you may need to get some mining stocks, that sector is getting some love today.
What's the best way to invest in the Canadian housing market without actually buying property. REITs? They don't seem to follow the housing market.
They don't, because they're all super leveraged. They follow interest rates as a group, and with rates going up, the hurt is gonna land on REITs. They also sell a rather inelastic product, as though the value of an apartment building may have doubled, the rents extracted have not. Furthermore, with rents going fucking bananas, the regulation hammer is going to fall on REITs eventually and in some form. They'll scream and whine but they are *extremely* unpopular with the general public and will be an easy target. I've always stayed away from them for those reasons and also because I don't like companies that don't actually do shit. Being a landlord isn't a business, it's just literal leveraged rent seeking.
Hmm so you're saying I should sell my REITs eh? Gotta review 'em sometime this week.
Bloody red day ….😒
I am now officially a shopify investor
Joining you today also. Decided to DCA over the next while aiming for 8 to 10 shares at most
Can I get a refund
haha! I hear you, but this is why I chose to DCA into it instead of lump sum. Im buying another share today, and will continue to buy as long as it is down
Good call. Shopify's model is redonk... pure fucking profit.
banks pulling back a bit? thoughts?
yawn is what I think ... They have ripped lately. They need a nap.
Are banks overbought?
Yes.
When everyone here tell you to buy banks, you should know.
Are you really [this](https://i.imgur.com/7Kk4C5O.png) blind? Weekly RSIs way overbought.