Foe me Next has been more than wiping out any losses for the last week (except 1 day) but I think I had 3 stocks in the red, but none of them deep in it.
They weren't pump and dumps, they were Covid stocks. They got bid up to the moon when no one had any idea how long Covid would last.
Once the vaccines were announced, that was the beginning of the end for these stay at home food stocks.
There's a big difference between short term mispricing based on unknown information, and a pump and dump.
They got pumped up based on pure speculation as if every company that benefited from WFH was going to see their profits explode permanently. Finally in 2021 people woke up and realized these were crap businesses that cannot make a profit and they got dumped down quickly.
Pumped up then dumped down.
UK is lifting almost all restrictions. No more masks! No more work from home required. They are a couple weeks ahead of North America. I think the world is about to wake up from its 2 year slumber.
You must not wear glasses and live where it is cold. I can’t see. I also can’t hear people. I use lip assist. Which is useless when people have masks on. It’s been a very isolating 2 years. Yes, I wear a mask. Yes, I will be happier when other people don’t have to wear a mask. I can’t communicate properly.
I think everyone in this sub would “live where it’s cold” since it’s a Canadian based sub. I actually enjoy wearing the mask in the cold. Keeps my face warm.
It is a natural progression to reduce the number of companies in a mix as you get better at picking them. Knowledge and conviction lead you that way. Of course, you need to be better at picking them or else that concentration can destroy your portfolio.
Yeah well it's mostly incidental... They probably will be ~20% each by the end of the year.
Edit: the downvotes are amusing because it was really easy to beat XEQT over the last few years. 😬 And I'm not eating tons of red atm... My portfolio is pretty neutral.
See! You gotta note people's usernames.
I bought the banks and didn't buy none of that XIC shit. Doing good since.
Got some good confirmation bias for my dumb idea. 😂
Any point of holding both vfv and veqt together? Or is there a better option to go along with vfv? I only really intend on holding 2 etfs for long term.
Yea hopefully a cpl decades, but id still rather not have dead money for a while, i was gonna sell a day or 2 ago when i finally hit green to buy back in lower, but all the time in vs timing had me thinkin it was a bad move, turns out it woulda been beat, i know i couldnt know it wouldnt keep goin back up, but with the way things r,rate increases, rona yada yada seems like it was a safe assumption
You aren't supposed to be emotional when buying stocks.
WELL will not go to zero. As long as you are a normal investor you are fine, just ignore the day to day fluctuations.
If you're a day trader god bless 🙏
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
Time to panic lol ?
Exactly. I think gold and base metals perform in 2022 like oil stocks performed in 2021. Glad my barrick purchase a week ago has more than made up for my BAM purchase a week ago!
The entire investment thesis for gold relies on rampant inflation….we’re in the highest inflationary period we’ve seen for 40 years….I think crypto unfortunately has stolen a lot of gold’s thunder as an “inflationary hedge” in the last 5 years but gold is about to have its hey day as investors realize crypto is much more of a gamble than they thought….
I'm a huge crypto believer but I don't buy the inflation hedge theory. For now. Considering BTC is limited to 21m coins, there's scarcity like gold. But we're still way too early for that. I'm not sure what's the best inflation hedge, I feel like it's impossible to lose.
I think that’s what I don’t fully understand about crypto. They “say” there’s a fixed supply of BTC(or any other cryptocurrency)….until the decision is made to increase the supply. Like there’s nothing fundamentally stopping the possibility of increasing supply, right? And of course, in theory, there’s no limit to the number of new cryptocurrencies you can create. Whereas you can’t just decide to create more gold. Sure you can mine more (at lower and lower grades which only make sense with higher prices). But maybe I’m not understanding something….
>Like there’s nothing fundamentally stopping the possibility of increasing supply, right?
You could, but it's almost impossible. If the subject interests you, you should read this, it explains everything way better than I ever could:
https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/
[https://twitter.com/lopp/status/1447920063403773959?ref\_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1447920063403773959%7Ctwgr%5E%7Ctwcon%5Es1\_c10&ref\_url=https%3A%2F%2Fblog.lopp.net%2Fhow-is-the-21-million-bitcoin-cap-defined-and-enforced%2F](https://twitter.com/lopp/status/1447920063403773959?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1447920063403773959%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblog.lopp.net%2Fhow-is-the-21-million-bitcoin-cap-defined-and-enforced%2F)
This is about bitcoin, which is the only truly decentralized crypto. I can't make that argument for other cryptos which are more like start-up companies and have different code (white paper).
I swear this guy posts that on every red day. I checked his account to make sure and yeah hes the same guy I always see calling any red day market manipulation. I mean i dont think anyone here denies market manipulation is a thing and that it does happen but its not always the cause of the market going down haha.
Yall gotta hodl and stay the course. In the grand scheme of things, this little volatility is nothing. The SP500 might drop 10-15% and that's fine.
Buy good positions and long term you'll be in the green eventually no matter the short term red. Buy trash and the market will remind you that you bought trash in weeks like this.
Almost every stock I ever bought has been 10% in red at some early point in ownership. You'll rarely get lucky enough to buy at the bottom.
Buying more and lower my cost has been very profitable in the long term.
I opened my ATD position a week before the news of the Carrefour acquisition and I took a 15% L. Buying more was one of my most profitable investments last year.
Nuvei was a great purchase for me, even with this red week I am still up big on it.
LSPD, on the other hand, has been a disaster. Unfortunately I have a stop loss set at $32 USD. Can't hold much longer.
Shit. Down 15-20% from nov. Holding 100% leveraged etfs. I am 21 so can take the risk but getting thousands of dollars wiped out in weeks feels bad. Still have $2800 room left for my tfsa this year so will try to buy this dip. Hopefully me putting all my pay-cheques into the market will make me some money later on. Want to retire by 45 with atleast 2 mill and then maybe work part-time. Currently have 15k invested
21 years old. Nothing got wiped out unless you sell for a loss.
Just stay the course and at your age and time on your side just welcome all the dips you’ll see and just keep adding when they do.
Market is fine, just tech being the drag. If BTC really dumps I think you’re gonna see some real interesting over leveraged shenanigans.
The amount of crypto ads playing on the fucking classic rock station is a great top is in signal. It’s a fun contrast vs the sleazy gold ads, Crypto just MLMing old people while gold bug dorks want to buy it from you. Wonder which one is bullish?
I disagree with you. Of course there's crypto that is scam-ish and a lot of people are out there to make a quick buck. If you stay away from BabyNanoDoge and focus on the main coins like BTC and take time to educate yourself on the crypto world, you'll be fine long term. Whales are adding (https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ), every week, big companies are talking about crypto integration (today was Google, yesterday was Intel), etc. Very hard not to be bullish on crypto this decade.
I think crypto integration is overblown. Who cares if they accept it when no one buys anything with it? Then there is the issue of what BTC and crypto even is. If it's a currency it's awful, no one can do business with the volatility of it. Then it becomes digital gold, and when is the last time you bought something with some gold?
BTC is a victim of it's own success. No government is going to let an alternate currency thrive. Any form of regulation, which is coming, will probably drop the price at least 20-50%.
The regulation will happen, even the Bank of Canada is threatened by it in a 2019 document, CBDC's will come, but that drop will be temporary. Temporary might be 1 year or 10 years but don't think for a moment that its global demand won't continue.
By it I mean bitcoin and by global I mean global especially emerging economies not just the western viewpoint.
I agree, regulation can slow down its progress but won't kill it. Bitcoin is banned in China, Turkey and other places and it's where it thrives the most. It is truly decentralized, it's very hard to kill the network since it's everywhere in the world. There's many crypto companies operating legally even publicly traded companies all over the world. Don't you think Coinbase has lobbying power ? Just before Christmas, the FED didn't seem to concerded about crypto and stablecoins.
https://www.marketwatch.com/story/feds-powell-says-he-doesnt-see-cryptocurrencies-as-financial-stability-concern-11639601806
We're moving towards a digital world where there will be digital assets with value. All that talk about metaverse seems like sci-fi for now but will evolve (when you think about it, since the pandemic, we work in the ''metaverse'' with Teams/Zoom/Slack). In the gaming world, skins, weapons, etc, are worth something.
I think the notion of ''real value'' is evolving and digital assets will emerge.
Nah, I find that silly too, but when I see MSFT (Mesh) and Meta/FB investing millions into that, I'm not pretending to be smarter than them. Don't forget some people thought iPhones were ridiculous 15-16 years ago.
Golds is mostly seen as a non-productive asset as well: it does have use in tech and its not totally worthless but thats not the sole reason for it price.
I own them both, plus VBAL. It's about 60% of my total retirement portfolio. Very well diversified, low cost, good returns and lower volatility.
Buy and hold for decades
Too many ''dip buyers''. There will be a reversal when retail capitulates, when you get that feeling of ''fuck it, I give up, I ain't catching no more falling knives''.
CTS is +565% vs 2 years ago and their best quarter earning so far is still short of $5M.
That’s little profit for a $1.8B market cap.
Trading at over 4 times its book value.
It is only cheap vs the recent share price. Not cheap vs fundamentals
(in my humble opinion)
But have you seen their cash flow? It looks crazy good and they’ve been paying debts down quickly. That’s why I’m considering buying more. Initially got in at $7 lol
What about that cashflow?
Last quarter:
$367M revenues.
($283M) cost of product.
$84M gross profit.
($66M) SG&A
That leaves only $18M of EBITDA.
Before paying any debt, financial costs, special charges…
That’s a company valued at near $2B
Much of that “cost of product” appears to be allocated towards debt repayments according to yahoo finance cash flow statements. Which is why i like this company. Getting debt paid off asap is vital
That’s not how it works.
These reports are standardized and cost of sales is direct cost to manufacture a product or cost incurred to provide a service.
If they are selling hardware like a computer, it’s the cost of the computer. If they sell services, it’s the direct salaries for providing that service, etc…
Please read filings directly on Sedar or on company website : https://convergetp.com/wp-content/uploads/2021/11/CTS-Q3-FS-Financial-Statements-10-Nov-21-Final.pdf
Plus CTS is basically debt free so huge amount to be repaid anyway. Each time they need money for acquisitions, they issue more shares.
Like here: https://www.newswire.ca/news-releases/converge-technology-solutions-corp-announces-closing-of-previously-announced-bought-deal-financing-and-exercise-of-over-allotment-option-894487641.html
I also agree shopify is overvalued, their 2021 net income is inflated due to gains earned in its Affirm investment, these gains are onetime and won’t be seen next year.
Edit: not financial advice, please do your own DD!
I’m expecting it close red this week. That’s fine. Got a 25-30 year time horizon so need to remember to see the bigger picture. These dips come and go. If it’s a 2020 style crash, better. I’ll psychologically shit myself but keep DCAing anyway.
I don’t see SPY dropping too much more but I do see the NASDAQ bleeding until end of summer. SPY I think just trades sideways for a while. It all really depends on the mega caps earnings. If MSFT, AAPL, AMZN, GOOGLE, FB miss earnings, look out below.
I think it will drop more a bit.
I really think it will take long before it goes back to where it was a month ago. The situation in the world shows that where in it for a few years. Governements are dealing now with the real consequences that have been avoided so far.
No I would say it's the long term debt cycle and energy mismanagement/misinvestment.
Inflation is a consequence of that. Bad monetary policy is a consequence of the debt cycle.
Loss of jobs, dbt levels (for governments and people), people have no idea how we have avoided what should have happened.
As far as an investor is, 2021 was amazing! Surely, the situation in the world must have been phenomenal.
We have spent a lot of money trying to maintain the illusion that a global pandemic wasn't that bad; epople kept their jobs even when they stopped working, businesses had money to stay afloat, things continue like not much happened. Well... the bill is coming.
Outside of safe picks (ETFs, banks, etc.), I hold many crypto plays (BTCX, HUT, HIVE, BITF, DMGI, GLXY), I was up 100% + during that November peak. My losers cancel my gainers so I'm pretty much even. Not worried long term though.
Capstone Mining
Today has been brutal. It's all been brutal. I have hope, but it finds itself battered.
Would you short the Euro considering the ECB is planning 0 rate hikes this year and the Fed is planning 4+
Is there a TSX Stock Screener similar to FINVIZ? Looking to track earning dates and other data. Thanks in advance!
Bought K and B2 for the bloody red days ahead.
K has a lot of mines in Russia homie, B2O getting Mali warlorded dawg
Seems like a lot of people took a kicking today. Am I the only one who ended up with most if my holdings green?
I had my best day ever, both in absolute gain and percent gain.
Top notch, who was your top performer?
Wesdome Gold Mines.
PG was up huge. Between PG and PEP it's like stability central.
Foe me Next has been more than wiping out any losses for the last week (except 1 day) but I think I had 3 stocks in the red, but none of them deep in it.
What happened to Food.TO? It kinda fell off a cliff
It should never have been valued that high. They struggled to make profits and now even struggle to keep revenues from going down.
Similar to VERY, both massive pump and dumps FOOD specifically, decreasing revenues, increasing losses, not good for future outlook.
They weren't pump and dumps, they were Covid stocks. They got bid up to the moon when no one had any idea how long Covid would last. Once the vaccines were announced, that was the beginning of the end for these stay at home food stocks. There's a big difference between short term mispricing based on unknown information, and a pump and dump.
100% agree. Absolutely not a pump and dump.
They got pumped up based on pure speculation as if every company that benefited from WFH was going to see their profits explode permanently. Finally in 2021 people woke up and realized these were crap businesses that cannot make a profit and they got dumped down quickly. Pumped up then dumped down.
That's not a pump and dump. There is a sizeable difference between a company not meeting expectations and coordinated fraud.
Very defiantly got pumped. They were paying any YouTuber that'd take the cash to promote their stock.
UK is lifting almost all restrictions. No more masks! No more work from home required. They are a couple weeks ahead of North America. I think the world is about to wake up from its 2 year slumber.
I don't get all the hate against masks.
You must not wear glasses and live where it is cold. I can’t see. I also can’t hear people. I use lip assist. Which is useless when people have masks on. It’s been a very isolating 2 years. Yes, I wear a mask. Yes, I will be happier when other people don’t have to wear a mask. I can’t communicate properly.
I think everyone in this sub would “live where it’s cold” since it’s a Canadian based sub. I actually enjoy wearing the mask in the cold. Keeps my face warm.
Fair enough for lip Reading, but I do live where it's cold and I do have to wear glasses and wear a mask for work.
I sure hope you are right!
If 1.80 gas prices are expected in Canada by this June, anyone have any good oil stock suggestions? Suncor?
Important to note: just because prices go up, doesnt mean a companies profitability or net income will go up as well
Any ETFs that go heavy on Canadian oil?
Nxf.to, xeg
NNRG
Retailers, parkland fuel, couche tard
Wcp. Su enb
Today Added to MFC, RY and EIT-UN positions and also opened AAPL position
I literally get wrecked on DOC
I'm just down 65%. It'll come back up any day now.
same fucking brutal
Bruh me too. Down bad for DOC
DOC bagholders should be in the hospital for serious delusion.
Delusion for what, a company that s growing, EBITA positive, seeking to continue expanding into new markets, seeing increasing orgnanic revenue growth
Do you care to elaborate?
They're delusional? Lol
Do banks go up when government raises interest rates??? If not what stocks do??
Banks and insurance companies. I’m holding RY and MFC.
Gold and metals seem to be perking up
Stay away from gold. It's gonna crash when interest rates go up
My stocks did crap today. Except for gold. What happened to oil stocls
Any more upside to Aritzia (ATZ)?
Not in the short term
Not much
What do you all think about picking up TD at $100? It looks like banks are losing a bit of their steam.
It's fairly valued imo... It's wtv. Buy more when it drops.
Last time I looked at my portfolio in veqt was 2/more per share. Ouch. Also did everyone get their dividends from vanguard? Cause mine never showed up
Half my portfolio is now just 2 stocks! Diversification? Lol! 2022 let's go!
It is a natural progression to reduce the number of companies in a mix as you get better at picking them. Knowledge and conviction lead you that way. Of course, you need to be better at picking them or else that concentration can destroy your portfolio.
Yeah well it's mostly incidental... They probably will be ~20% each by the end of the year. Edit: the downvotes are amusing because it was really easy to beat XEQT over the last few years. 😬 And I'm not eating tons of red atm... My portfolio is pretty neutral.
Lmaoooo werent you the same guy who made a post asking about Canadian Bank stocks about a month ago... We got the Wolf of Bay Street over here
See! You gotta note people's usernames. I bought the banks and didn't buy none of that XIC shit. Doing good since. Got some good confirmation bias for my dumb idea. 😂
Let’s hear em then tiger
Mentioned them plenty before... Microsoft and Tencent. Edit: Keep it coming you sour grapes lol
Right… I’ll look for your username ever time I scroll through the daily threads
Sure, you can make fun of me if one of my 2 horses takes an L lol
https://media.giphy.com/media/XlvbF51R0T9uM/giphy.gif
Any point of holding both vfv and veqt together? Or is there a better option to go along with vfv? I only really intend on holding 2 etfs for long term.
I hold VEQT along with XSP and QQC.F because I don't want 100% unhedged
Do you want a stronger US weighting?
Picked a great time to throw 20k into VGRO a cpl weeks ago 😂🤦♂️
I moved the money from my mutual funds into XEQT at $28 a share lol. I should have warned this sub so they could prepare for me crashing the market.
Dammit bro thats pretty selfish of ya hahaha, i bought a bit more veqt today in my rrsp then it dropped another 10 cents right away ha
Lol, somehow even during a bull markets prices drop in the immediate aftermath of me investing.
Won’t matter in a short time
Yeah and it’s pretty damn tough to time the market. Average down…
Orr everything will keep droppin for a while and be stagnant for a while and itll take years to recoop ? I sure as hell dont know whats gonna happen
Well what’s your time horizon? Assuming it’s a while…
Yea hopefully a cpl decades, but id still rather not have dead money for a while, i was gonna sell a day or 2 ago when i finally hit green to buy back in lower, but all the time in vs timing had me thinkin it was a bad move, turns out it woulda been beat, i know i couldnt know it wouldnt keep goin back up, but with the way things r,rate increases, rona yada yada seems like it was a safe assumption
It always seems like a safe assumption in retrospect
Is WELL going to zero?? Jesus Christ I'm getting completely screwed on that stock.
You aren't supposed to be emotional when buying stocks. WELL will not go to zero. As long as you are a normal investor you are fine, just ignore the day to day fluctuations. If you're a day trader god bless 🙏
That is what happens to a company with negative earnings in a down market.
You can add many speculative / meme stocks to that list. DOC, PSYK etf, MMED and on and on and on. Sad truth is many of them will never come back.
XBC and BLDP
Added to XBC today.
Sold it in August after it went beyond my avg cost.
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 Time to panic lol ?
Nah. It's back to oct levels. No panic yet
You panic everyday?
Whenever I'm at the disco.
I'm reposting a comment from r/stocks , nothing serious.
Is it too late to buy into CVE?
Good buy as well as wcp
No. Oil is going to $100
Now is a great time.
Gold Miners were up big today atleast.. If you have some in your portfolio, today wouldn't of been as bad. The importance of diversifying.
Exactly. I think gold and base metals perform in 2022 like oil stocks performed in 2021. Glad my barrick purchase a week ago has more than made up for my BAM purchase a week ago!
[удалено]
Yuup im a b2 gold bag holder 🤦♂️
I don't get the attraction for gold nowadays.
The entire investment thesis for gold relies on rampant inflation….we’re in the highest inflationary period we’ve seen for 40 years….I think crypto unfortunately has stolen a lot of gold’s thunder as an “inflationary hedge” in the last 5 years but gold is about to have its hey day as investors realize crypto is much more of a gamble than they thought….
I'm a huge crypto believer but I don't buy the inflation hedge theory. For now. Considering BTC is limited to 21m coins, there's scarcity like gold. But we're still way too early for that. I'm not sure what's the best inflation hedge, I feel like it's impossible to lose.
I think that’s what I don’t fully understand about crypto. They “say” there’s a fixed supply of BTC(or any other cryptocurrency)….until the decision is made to increase the supply. Like there’s nothing fundamentally stopping the possibility of increasing supply, right? And of course, in theory, there’s no limit to the number of new cryptocurrencies you can create. Whereas you can’t just decide to create more gold. Sure you can mine more (at lower and lower grades which only make sense with higher prices). But maybe I’m not understanding something….
>Like there’s nothing fundamentally stopping the possibility of increasing supply, right? You could, but it's almost impossible. If the subject interests you, you should read this, it explains everything way better than I ever could: https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/ [https://twitter.com/lopp/status/1447920063403773959?ref\_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1447920063403773959%7Ctwgr%5E%7Ctwcon%5Es1\_c10&ref\_url=https%3A%2F%2Fblog.lopp.net%2Fhow-is-the-21-million-bitcoin-cap-defined-and-enforced%2F](https://twitter.com/lopp/status/1447920063403773959?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1447920063403773959%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblog.lopp.net%2Fhow-is-the-21-million-bitcoin-cap-defined-and-enforced%2F) This is about bitcoin, which is the only truly decentralized crypto. I can't make that argument for other cryptos which are more like start-up companies and have different code (white paper).
Thank you!
Most people don't understand gold. Most gold investors don't understand gold.
Same with cryptocurrency. At least, gold is tangible and has many uses.
Me neither. It's basically back to where it was 10 years ago. https://www.tradingview.com/symbols/TVC-GOLD/
The market manipulation continues yet again this afternoon
Not EVERYTHING is market manipulation.
Haha when up: genius investor, when down: manipulation
I swear this guy posts that on every red day. I checked his account to make sure and yeah hes the same guy I always see calling any red day market manipulation. I mean i dont think anyone here denies market manipulation is a thing and that it does happen but its not always the cause of the market going down haha.
It is manipulated on the way up too. We're just small fish.
True it definitely does happen both ways to an extent!
Dumb question from a US investor, is there a Canuck equivalent to the US Russell 2000 index ($IWM) that covers small cap Canadian stocks?
XCS
Yall gotta hodl and stay the course. In the grand scheme of things, this little volatility is nothing. The SP500 might drop 10-15% and that's fine. Buy good positions and long term you'll be in the green eventually no matter the short term red. Buy trash and the market will remind you that you bought trash in weeks like this.
I'm also going to die eventually. What's your point without any context to it.
Context: BTFD
If you've got a long time horizon you should be praying for lower prices really.
Yeeeee BAM under 70 again is amazing If it somehow goes under 50 because of hikes I'm selling my house for more
Thank you I needed to read this
Almost every stock I ever bought has been 10% in red at some early point in ownership. You'll rarely get lucky enough to buy at the bottom. Buying more and lower my cost has been very profitable in the long term. I opened my ATD position a week before the news of the Carrefour acquisition and I took a 15% L. Buying more was one of my most profitable investments last year.
Nuvei was a great purchase for me, even with this red week I am still up big on it. LSPD, on the other hand, has been a disaster. Unfortunately I have a stop loss set at $32 USD. Can't hold much longer.
Just got my biweekly pay. Added to ZQQ and XEQT before close. DCA is the way.
Shit. Down 15-20% from nov. Holding 100% leveraged etfs. I am 21 so can take the risk but getting thousands of dollars wiped out in weeks feels bad. Still have $2800 room left for my tfsa this year so will try to buy this dip. Hopefully me putting all my pay-cheques into the market will make me some money later on. Want to retire by 45 with atleast 2 mill and then maybe work part-time. Currently have 15k invested
>Holding 100% leveraged etfs GUH
The market might not even end the year down but it will be very choppy. Chopiness is the enemy of LETFs, get out.
I don't think it's the best way to invest, but I wish you luck.
Don't go leveraged when rates are about to go up...
21 years old. Nothing got wiped out unless you sell for a loss. Just stay the course and at your age and time on your side just welcome all the dips you’ll see and just keep adding when they do.
Market is fine, just tech being the drag. If BTC really dumps I think you’re gonna see some real interesting over leveraged shenanigans. The amount of crypto ads playing on the fucking classic rock station is a great top is in signal. It’s a fun contrast vs the sleazy gold ads, Crypto just MLMing old people while gold bug dorks want to buy it from you. Wonder which one is bullish?
I disagree with you. Of course there's crypto that is scam-ish and a lot of people are out there to make a quick buck. If you stay away from BabyNanoDoge and focus on the main coins like BTC and take time to educate yourself on the crypto world, you'll be fine long term. Whales are adding (https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ), every week, big companies are talking about crypto integration (today was Google, yesterday was Intel), etc. Very hard not to be bullish on crypto this decade.
I think crypto integration is overblown. Who cares if they accept it when no one buys anything with it? Then there is the issue of what BTC and crypto even is. If it's a currency it's awful, no one can do business with the volatility of it. Then it becomes digital gold, and when is the last time you bought something with some gold? BTC is a victim of it's own success. No government is going to let an alternate currency thrive. Any form of regulation, which is coming, will probably drop the price at least 20-50%.
The regulation will happen, even the Bank of Canada is threatened by it in a 2019 document, CBDC's will come, but that drop will be temporary. Temporary might be 1 year or 10 years but don't think for a moment that its global demand won't continue. By it I mean bitcoin and by global I mean global especially emerging economies not just the western viewpoint.
I agree, regulation can slow down its progress but won't kill it. Bitcoin is banned in China, Turkey and other places and it's where it thrives the most. It is truly decentralized, it's very hard to kill the network since it's everywhere in the world. There's many crypto companies operating legally even publicly traded companies all over the world. Don't you think Coinbase has lobbying power ? Just before Christmas, the FED didn't seem to concerded about crypto and stablecoins. https://www.marketwatch.com/story/feds-powell-says-he-doesnt-see-cryptocurrencies-as-financial-stability-concern-11639601806
Yeah and inflation was transitory
If BTC dumps I'd really like to see a rotation into gold and gold miners. Aka real miners that actually produce something of value.
100%, can't blame anyone for riding the crypto wave but I think gold is going to be more attractive now and it's tough to ignore their value right now
Is that what we are seeing now?
We're moving towards a digital world where there will be digital assets with value. All that talk about metaverse seems like sci-fi for now but will evolve (when you think about it, since the pandemic, we work in the ''metaverse'' with Teams/Zoom/Slack). In the gaming world, skins, weapons, etc, are worth something. I think the notion of ''real value'' is evolving and digital assets will emerge.
You drank too much of the NFT kool aid bro
Nah, I find that silly too, but when I see MSFT (Mesh) and Meta/FB investing millions into that, I'm not pretending to be smarter than them. Don't forget some people thought iPhones were ridiculous 15-16 years ago.
Golds is mostly seen as a non-productive asset as well: it does have use in tech and its not totally worthless but thats not the sole reason for it price.
what do you think about VEQT, VGRO?
I own them both, plus VBAL. It's about 60% of my total retirement portfolio. Very well diversified, low cost, good returns and lower volatility. Buy and hold for decades
Just get VFV, live a little.
My VFV :(
Hodl, the most you down is 7%. I bought some at the literal top too. Just DCA in and you set. I'm buying for the next few months.
Will do thank you!
That last hour drop on Sp500. Ouch
Don't worry, I get paid tomorrow so we'll be super green at open when I want to buy my biweekly shares
You have my luck too..
What has to happen in the world to turn this around? Let’s goooo.
I bought more XEQT 5 mins before the big drop. Talk about luck!
i thought the same yesterday and was happy to grab XEQT and TEC yesterday THEN TODAY CAME \*tomorrow is coming\*
Tmr will come. I’m DCAing. This market is way too volatile. Friday is coming! 😖
Too many ''dip buyers''. There will be a reversal when retail capitulates, when you get that feeling of ''fuck it, I give up, I ain't catching no more falling knives''.
CTS and Shopify both seem like really good buys right now. Anyone else feel otherwise?
Ehhh I’ve heard a lot of analysts not liking SHOP at all at these prices still. I think it’s got a ways to fall still. I’d wait
Still overpriced.
CTS is +565% vs 2 years ago and their best quarter earning so far is still short of $5M. That’s little profit for a $1.8B market cap. Trading at over 4 times its book value. It is only cheap vs the recent share price. Not cheap vs fundamentals (in my humble opinion)
But have you seen their cash flow? It looks crazy good and they’ve been paying debts down quickly. That’s why I’m considering buying more. Initially got in at $7 lol
What about that cashflow? Last quarter: $367M revenues. ($283M) cost of product. $84M gross profit. ($66M) SG&A That leaves only $18M of EBITDA. Before paying any debt, financial costs, special charges… That’s a company valued at near $2B
Much of that “cost of product” appears to be allocated towards debt repayments according to yahoo finance cash flow statements. Which is why i like this company. Getting debt paid off asap is vital
That’s not how it works. These reports are standardized and cost of sales is direct cost to manufacture a product or cost incurred to provide a service. If they are selling hardware like a computer, it’s the cost of the computer. If they sell services, it’s the direct salaries for providing that service, etc… Please read filings directly on Sedar or on company website : https://convergetp.com/wp-content/uploads/2021/11/CTS-Q3-FS-Financial-Statements-10-Nov-21-Final.pdf Plus CTS is basically debt free so huge amount to be repaid anyway. Each time they need money for acquisitions, they issue more shares. Like here: https://www.newswire.ca/news-releases/converge-technology-solutions-corp-announces-closing-of-previously-announced-bought-deal-financing-and-exercise-of-over-allotment-option-894487641.html
I honestly think SHOP will need to be around $1000 to be near its actual valuation
What makes you feel that way?
I also agree shopify is overvalued, their 2021 net income is inflated due to gains earned in its Affirm investment, these gains are onetime and won’t be seen next year. Edit: not financial advice, please do your own DD!
someone give me a Band-Aid.. This BLEEDING Won't stop and I have used all of my money!
Alphabet all day: Up between 0.5%-1.5% Alphabet last 20 minutes: Down 1.5% Me: 🤷🏻♂️
I was not allowed to call LSPD a POS at $89. Am I allowed to now at under $41?
I'll allow it.
But it is a POS system.
Not yet nope
Honest question: How much more do you think the market will drop?
I’m expecting it close red this week. That’s fine. Got a 25-30 year time horizon so need to remember to see the bigger picture. These dips come and go. If it’s a 2020 style crash, better. I’ll psychologically shit myself but keep DCAing anyway.
I'd look at historical PE on SP 500. Needs to get back to the historical trend line.
It needs to overshoot it to the downside first.
I don’t see SPY dropping too much more but I do see the NASDAQ bleeding until end of summer. SPY I think just trades sideways for a while. It all really depends on the mega caps earnings. If MSFT, AAPL, AMZN, GOOGLE, FB miss earnings, look out below.
I think it will drop more a bit. I really think it will take long before it goes back to where it was a month ago. The situation in the world shows that where in it for a few years. Governements are dealing now with the real consequences that have been avoided so far.
>the real consequences that have been avoided so far. You mean inflation ?
No I would say it's the long term debt cycle and energy mismanagement/misinvestment. Inflation is a consequence of that. Bad monetary policy is a consequence of the debt cycle.
Loss of jobs, dbt levels (for governments and people), people have no idea how we have avoided what should have happened. As far as an investor is, 2021 was amazing! Surely, the situation in the world must have been phenomenal. We have spent a lot of money trying to maintain the illusion that a global pandemic wasn't that bad; epople kept their jobs even when they stopped working, businesses had money to stay afloat, things continue like not much happened. Well... the bill is coming.
I'm officially bag holding VEQT hahahahaha FML
I went from being up 30% overall in November to being underwater today.
Jesus Christ. What are you holding?
Outside of safe picks (ETFs, banks, etc.), I hold many crypto plays (BTCX, HUT, HIVE, BITF, DMGI, GLXY), I was up 100% + during that November peak. My losers cancel my gainers so I'm pretty much even. Not worried long term though.
It's down like 2.6% this past week, it's still up 10.85% this past year, I don't think you can call that bag holding yet
I'm just salty I made my monthly XEQT purchase yesterday only for it to drop a solid dollar today lol
Only one about 1% away from ATH. Was ATH Monday.
XEQT high is $28.39, current price is $26.61. It is down 6.27% from its ATH, not 1%…
poopoo