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Thread: Investing

  1. #31
    Leads by example

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    The markets go up and down and itís important that you donít panic when the markets go negative. Think long term! Although Advisors can be very good to get your portfolio set up, they donít normally track your account, so itís important to get regular check ups to make sure that your investments are performing as you hoped. Pay attention to fees as they add up.

    Good luck,
    A true sportsman counts his achievements in proportion to the effort involved and the fairness of the sport. - S. Pope

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  3. #32
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    I'm hoping for another 1500 point drop yet. would really like to see 20% shaved off.

    Quote Originally Posted by Sam Menard View Post
    The markets go up and down and it’s important that you don’t panic when the markets go negative. Think long term! Although Advisors can be very good to get your portfolio set up, they don’t normally track your account, so it’s important to get regular check ups to make sure that your investments are performing as you hoped. Pay attention to fees as they add up.

    Good luck,
    "This is about unenforceable registration of weapons that violates the rights of people to own firearms."óPremier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 Ė March 29, 2013) OFAH Member

  4. #33
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    So wondering where everyone thinks the market is going. I think it will continue on a downward trend for at least 6 months. I'm thinking of trying my hand at covered calls like my best friend does. He seems to do pretty good. I have mostly always bought and hold or sell when I expect a crash and I got this one right I sold most in Feb. Now I am just trying to figure out what to do while I wait for the market to go lower
    "This is about unenforceable registration of weapons that violates the rights of people to own firearms."óPremier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 Ė March 29, 2013) OFAH Member

  5. #34
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    Quote Originally Posted by greatwhite View Post
    So wondering where everyone thinks the market is going. I think it will continue on a downward trend for at least 6 months. I'm thinking of trying my hand at covered calls like my best friend does. He seems to do pretty good. I have mostly always bought and hold or sell when I expect a crash and I got this one right I sold most in Feb. Now I am just trying to figure out what to do while I wait for the market to go lower
    With the price of some leading economic indicators still high but stabilizing (payroll, fuel, food etc.) inflation reports will follow. As such I expect a tightening fiscal policy with slight increased overnight lending rates to be in effect to the end of this year. As the Feds increase the interest rates the markets will continue to drop relative to the change. The off-setting factor to be seen over the next few months is the increase in the supply of commodities due to easing covid restrictions, especially in China.

    This year will present some good buying opportunities in the form of dollar cost averaging, waiting to buy the lowest point in the dip has historically been impossible to predict.
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  6. #35
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    When I buy a stock I immediately put a stop loss on it - just a little under what I paid for it - I made the purchase based on the trend I saw - if the purchase was wrong then I don't lose much - if I am right then I did good - if the stock keeps going up I keep increasing the stop lose figure - right now I would say that Tractor Supply (TSCO) is a good buy

  7. #36
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    Markets have been a Rollercoaster lately and with interest rates going up monthly, the people sitting in cash have a good opportunity to get things cheap.

  8. #37
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    Were going into a recession so thee market is going to be crazy, probably won't bottom out until Sometime next year.
    "This is about unenforceable registration of weapons that violates the rights of people to own firearms."óPremier Ralph Klein (Alberta)Calgary Herald, 1998 October 9 (November 1, 1942 Ė March 29, 2013) OFAH Member

  9. #38
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    Quote Originally Posted by greatwhite View Post
    Were going into a recession so thee market is going to be crazy, probably won't bottom out until Sometime next year.
    Oh it's going to be an interesting one

    Sent from my SM-G975W using Tapatalk

  10. #39
    Has too much time on their hands

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    Quote Originally Posted by fishfood View Post
    Oh it's going to be an interesting one

    Sent from my SM-G975W using Tapatalk
    Isn't "may you live in interesting times" a curse????

    There are some stocks that are doing huge daily swings and if you follow the trend line you can go in and out and make a bit of money, but you need to know the company is sound, the volatility is just thrash and have the money to throw away since it may tank on you. Buying some of the Canadian banks with their 4%+ dividends is a safe long term idea and probably smarter, or like I said some tech are swinging $5 to $10 a day. Datadog for example has a strong buy, is at a 1/3 discount according to the suggested price and a swing of $5 a day is small, on a stock less than $100 US, there are others with the same thrash too. My SUGGESTION, not advice, is consider the money thrown away, buy when you see a $10 drop and as soon as the buy closes put a sell on at just less than that days start, it is likely to sell in 2 or 3 days. 100 shares, $10 change is $1000 in a day, small change on the stock market BUT in a TFSA or RRSP it can add up, you can risk waiting for it to hit that target.... but remember PIGS GET SLAUGHTERED!

    This is one I watch, I picked the worst thrash one, I do occasionally buy and right now am negative on and it swung 4% today.

    DDOG US
    Last: 85.60 U
    Change: 3.61 4.4030 %
    Volume: 766,398
    Last Trade: 09:59 ET
    Suggested: $143 US

    From it's high in the past year it is over $100 lower, yep, it was over $180 US in the past year, people are losing ALOT!!!! Even with being very very fat on a Canadian bank I am down 25% from the start of the year in my RRSP. There are companies like the banks, Algonquin power, Hydro One etc. that are making good dividends, they are down and can be held for a long time collecting those dividends, likely is, possibly is ... probably is the smartest.... but they might go down by half, OR go back up ... ????? LEARN, don't trust me or any ONE source, it is YOUR money and YOUR choice and YOUR RISK! Stocks, indexes.... some are making money, some loosing ... some loosing alot!!!

    LEARN.... LEARN some more, watch and have patience ... then learn some more on your watches (stocks, index funds....), try it on paper WITHOUT money, try it with a DISPOSABLE amount.... otherwise, buy a Canadian bank and head out fishing and check it again in a month.


    P.S.
    I just did some looking BNS is "Dividend Yield: 5.17", BMO is "Dividend Yield: 4.41", Algonquin is "Dividend Yield: 4.24", Hydro on "Dividend Yield: 3.41", ,,,,,

    and DDOG... is down over $2 from where I got the quote about 1/2 hour ago, whiplash thrash!!
    Last: 83.25 U
    Change:1.26 1.5392 %
    Volume: 1,050,348
    Last Trade: 10:28 ET
    Last edited by mosquito; June 17th, 2022 at 09:32 AM.

  11. #40
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    It's going to be interesting because of how it was made and now crypto in the world. My buddy said to me this morning he deleted his crypto app lol. Said he would look at maybe in a few years lol.

    We are with a big bank already,but I don't think we are heading into a regular old recession it's going to be different and interesting. Alot of people might get hurt from it people are already struggling and this is just the beginning.

    Sent from my SM-G975W using Tapatalk

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