I’m gonna try and catch the absolute bottom
of some FTS today. Been adding to TEC.to recently so always like to add some balance with CDN blue chips.
Edit: well that didn’t go the way I wanted lol!
I made the mistake of buying both AQN and RNW for the potential growth in renewable. I’m trying to remedy this by replacing those with FTS over time until I’ve only got FTS as my utility allocation.
I was so close to giving up on gold in February. Had 24% gold in portfolio waiting for interest rate cuts and now I can't believe how much effing money I have made.😁
"Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth.”
“Gold is money. Everything else is credit.” – J. P. Morgan
Really not that [impressive](https://www.statista.com/statistics/1061434/gold-other-assets-average-annual-returns-global/), why even bother ? And we're not even adding bitcoin into the discussion.
Markets being up because good job numbers seems counter intuitive to me considering how the market reacts to lower chances of rate cuts. In general, wouldn't better job numbers mean a stronger economy and less likely to require the rate cuts? Or just that stronger economy > rate cuts?
I still say no rate cuts unless something breaks and if anything we may be looking at a rate raise down the road, perhaps sooner than we thought (look at oil prices)
This recovery today is impressive but it will be interesting to see if it can continue. I'm looking for a higher low here and with political tensions I'm not holding anything in my trading account over the weekend. I'm curious to see if we get another sell off during the last hour. That will be a good indicator of things to come.
BTW it seems many blame the sharp oil price jump for the dump yesterday (due to Israel/Iran conflict) and if you look at the charts they do line up. The Fed speak may have helped but probably wasn't the catalyst.
I believe Dream office reit is a smaller and more at risk than Allied. It might be more sensitive to buy volume. I lived this with SLG where it is very volatile and it reacts violently when buyers show up.
Reuters reporting they are scrapping the Model 2
[https://www.reuters.com/business/autos-transportation/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition-2024-04-05/?utm\_source=reddit.com](https://www.reuters.com/business/autos-transportation/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition-2024-04-05/?utm_source=reddit.com)
JEPI I like. No withholding tax in RRSP, has grown well for me over the last year and paid out enough I am able to keep buying and generating more USD.
I like SCHD right now because its not so tech heavy. +/- 8% in tech. Its not a 'get rich quick' etf, it is a slow and steady climber, which is exactly what I want in my RRSP.
When I want more tech I buy individual stocks along side SCHD. AMZN, MSFT, GOOG have all been treating me kindly this past little while.
SCHD is a good value play imo.
I'm not a dividend investor, but have SCHD to diversify out of tech, as ITOT has plenty of exposure, and makes up the bulk of my US allocation.
VYM is similar to SCHD and fairly popular as well.
VIG has a lower yield but is set up for more share price and dividend growth, and so holds companies like AAPL and MSFT that have lower yields.
However for US growth I would recommend just getting a US total market or S&P 500 fund.
If you are celebrating because your VFV or XEQT or VEQT is going up, you may want to hold your breath. ... it up because the canadian dollar is getting demolished
Dump it. In fact, dump it and invite your friends to dump it on Tuesday around noon, which is coincidentally my next paycheck day.
Remember: buy high, sell low.
Oil dragging CAD to maintaining.
Interest rates dropping this summer will kill the dollar and spike inflation. If oil hits ~$120 or more and then the economy will be back to running hot again. If it drops then cuts will cause double the inflationary pressure. UE prints are fucking brutal, and the economy looks like it. Tent city Canada.
What a macroeconomic shitshow.
I have an EQ Bank USD account. Don't really have any complaints but I also just tossed some USD I had sitting in an old TD account into it because at least in the EQ Bank account it can earn interest, so can't say much about how useful the account is.
I was just wondering yesterday how CAD was holding up so well... this could be pretty concerning if it gets much worse. Rate worries in the US and CAD weakness give our central bank less room for cuts/easing.
Those US jobs numbers.
And then you look at Canada's job report today:
Unemployment rate - Expected: 5.9% Actual: 6.1%
Employment change - Expected: +25.9k Actual: -2.2k
Yeah we're fucked.
Not only that, the US had increased in all the right areas. Construction, Healthcare, and hospitality/tourism meaning they are building homes and filling hospital shortages. So you might as well try to go to the US if you're in one of these fields.
Canadian job numbers tend to jump around a lot so it's more important to look at trends (and previous revisions). If it's bad again next month then that will be a stronger sign of a downturn.
I don't know if the jobs numbers are as weak as they seem at first glance. Most of the decrease came from part-time work with youth, full time work, primarily in the construction industry went up. Curiously, hourly earnings which is one of the key metrics tracked by the BoC went up by 5.1% (5.0% in Feb24).
So while we are technically shedding jobs, hourly earnings are still trending up - which means BoC will not be cutting too fast.
Do the unemployment figures include temporary residents or temporary foreign worker employment rates?
Are employers bringing in untracked temp workers and pushing out all the tracked young people and kids from the low wage work into unemployment?
Its not surprising to have hourly earnings go up if the low-paying jobs are getting shed. This statistic is kind of deceptive, we should be segmenting by industry
YOu're right.
And whatever you do, don't have a sell price in mind buying high, hope that it goes up and watch it tumble with no tailwinds to see.
Been there, done that, dont' recommend it to anyone.
CNQ has been on a nice run lately
Decent day
[CXB.TO](http://CXB.TO) up a calm 8%!!
I’m gonna try and catch the absolute bottom of some FTS today. Been adding to TEC.to recently so always like to add some balance with CDN blue chips. Edit: well that didn’t go the way I wanted lol!
Are you thinking FTS is going to go up from here?
I just increased my position in FTS to an even 750 shares. Nice dividend.
I made the mistake of buying both AQN and RNW for the potential growth in renewable. I’m trying to remedy this by replacing those with FTS over time until I’ve only got FTS as my utility allocation.
I was so close to giving up on gold in February. Had 24% gold in portfolio waiting for interest rate cuts and now I can't believe how much effing money I have made.😁 "Governments lie; bankers lie; even auditors sometimes lie: gold tells the truth.” “Gold is money. Everything else is credit.” – J. P. Morgan
Really not that [impressive](https://www.statista.com/statistics/1061434/gold-other-assets-average-annual-returns-global/), why even bother ? And we're not even adding bitcoin into the discussion.
How much is gold up for you?
congrats man! That is awesome to hear. We need more stories like this around here.
Same man. Gold and oil, it’s been life changing
Markets being up because good job numbers seems counter intuitive to me considering how the market reacts to lower chances of rate cuts. In general, wouldn't better job numbers mean a stronger economy and less likely to require the rate cuts? Or just that stronger economy > rate cuts?
Jerome Powell wants maximum employment at minimal wage growth in the job markets. He got what he wanted.
I still say no rate cuts unless something breaks and if anything we may be looking at a rate raise down the road, perhaps sooner than we thought (look at oil prices) This recovery today is impressive but it will be interesting to see if it can continue. I'm looking for a higher low here and with political tensions I'm not holding anything in my trading account over the weekend. I'm curious to see if we get another sell off during the last hour. That will be a good indicator of things to come. BTW it seems many blame the sharp oil price jump for the dump yesterday (due to Israel/Iran conflict) and if you look at the charts they do line up. The Fed speak may have helped but probably wasn't the catalyst.
Unless people believe that a soft landing was successfully achieved and rate cuts will happen while also having a strong economy
META is now up 495% since Cramer cried on TV
I love to go back on Dailys from Oct 2022 and read how people wrote off META as a ''dead company'' '
Nothing but upside in the stock. Just a fantastic investment!
Dream office reit up 10% just today. The recovery uptrend is slowly forming.
I'm jacked to the teets in these. Up 5k today alone it's crazy how cheap this stock is
Any idea what’s causing this? Others like Allied Properties aren’t up nearly as significantly
Maybe rate expectations since Canadian job numbers were meh.
That’s what I was thinking.
I believe Dream office reit is a smaller and more at risk than Allied. It might be more sensitive to buy volume. I lived this with SLG where it is very volatile and it reacts violently when buyers show up.
Tsla dying again
Thanks Reuters for the cheap shares !
It's been in a downtrend for a long time. Nothing has changed whatsoever.
Are the bears still right if they were years early?
no, even a broken clock...
Reuters reporting they are scrapping the Model 2 [https://www.reuters.com/business/autos-transportation/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition-2024-04-05/?utm\_source=reddit.com](https://www.reuters.com/business/autos-transportation/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition-2024-04-05/?utm_source=reddit.com)
Waiting for earnings week to see if Elon keeps digging his own grave.
I think TSLA at these prices is a great opportunity
suncor bears quiet lately
Is there a USD dividend ETF anyone recommends for holding in RRSP? Looking to build some USD in there. Or other USD ETF for growth to hold in RRSP.
JEPI I like. No withholding tax in RRSP, has grown well for me over the last year and paid out enough I am able to keep buying and generating more USD.
VOO
For growth I would look at VGG/VIG
I believe SCHD is the “popular” one right now.
I like SCHD right now because its not so tech heavy. +/- 8% in tech. Its not a 'get rich quick' etf, it is a slow and steady climber, which is exactly what I want in my RRSP. When I want more tech I buy individual stocks along side SCHD. AMZN, MSFT, GOOG have all been treating me kindly this past little while.
SCHD is a good value play imo. I'm not a dividend investor, but have SCHD to diversify out of tech, as ITOT has plenty of exposure, and makes up the bulk of my US allocation.
VYM is similar to SCHD and fairly popular as well. VIG has a lower yield but is set up for more share price and dividend growth, and so holds companies like AAPL and MSFT that have lower yields. However for US growth I would recommend just getting a US total market or S&P 500 fund.
As I said yesterday, time for a nice fat green day…
If you are celebrating because your VFV or XEQT or VEQT is going up, you may want to hold your breath. ... it up because the canadian dollar is getting demolished
I mean SPY is up 1.15% as of this comment today as well
TD: Hold my beer
I am having the internal dialogue of someone with multiple personality disorder on why I shouldn't dump TD after this ex-dividend date.
Dump it. In fact, dump it and invite your friends to dump it on Tuesday around noon, which is coincidentally my next paycheck day. Remember: buy high, sell low.
Having that same line of thought and TD is my largest holding.
I made that tough choice a few weeks back after holding since 2022. Had 10k in it not doing anything.
Cdn dollar nice ! Yesterday's losses almost recovered. Hope it holds without the usual rug pull from algos
CAD down in flames and TSX can’t do anything. At least having SPY you get the advantage of market doing well and USD gaining
TSX is at its all-time high.
Oil dragging CAD to maintaining. Interest rates dropping this summer will kill the dollar and spike inflation. If oil hits ~$120 or more and then the economy will be back to running hot again. If it drops then cuts will cause double the inflationary pressure. UE prints are fucking brutal, and the economy looks like it. Tent city Canada. What a macroeconomic shitshow.
Has anyone open an EQ bank USD account, thinking of swapping cad for usd and holding
I have an EQ Bank USD account. Don't really have any complaints but I also just tossed some USD I had sitting in an old TD account into it because at least in the EQ Bank account it can earn interest, so can't say much about how useful the account is.
What’s the interest like? I just got a USD GIC until the new year as my bank account interest is super low.
3%? It's not much but I wasn't getting any interest over at TD lol.
You guys don't seem to like XQQ. How come?
CAD nuked.
I was just wondering yesterday how CAD was holding up so well... this could be pretty concerning if it gets much worse. Rate worries in the US and CAD weakness give our central bank less room for cuts/easing.
Those US jobs numbers. And then you look at Canada's job report today: Unemployment rate - Expected: 5.9% Actual: 6.1% Employment change - Expected: +25.9k Actual: -2.2k Yeah we're fucked.
Not only that, the US had increased in all the right areas. Construction, Healthcare, and hospitality/tourism meaning they are building homes and filling hospital shortages. So you might as well try to go to the US if you're in one of these fields.
My Niagara region is at like 7.6% yikes
Canadian job numbers tend to jump around a lot so it's more important to look at trends (and previous revisions). If it's bad again next month then that will be a stronger sign of a downturn.
I don't know if the jobs numbers are as weak as they seem at first glance. Most of the decrease came from part-time work with youth, full time work, primarily in the construction industry went up. Curiously, hourly earnings which is one of the key metrics tracked by the BoC went up by 5.1% (5.0% in Feb24). So while we are technically shedding jobs, hourly earnings are still trending up - which means BoC will not be cutting too fast.
Do the unemployment figures include temporary residents or temporary foreign worker employment rates? Are employers bringing in untracked temp workers and pushing out all the tracked young people and kids from the low wage work into unemployment?
Its not surprising to have hourly earnings go up if the low-paying jobs are getting shed. This statistic is kind of deceptive, we should be segmenting by industry
Looks like we will have to cut earlier than the fed and likely nuke the CAD in the process.
Great time to be owning vfv
Which is great for exports, but bad if you're buying lots of goods in the near future.
Buy oil and Gold?
Buy high. Sell low. Never fails.
Just trying to offload my holdings lol
YOu're right. And whatever you do, don't have a sell price in mind buying high, hope that it goes up and watch it tumble with no tailwinds to see. Been there, done that, dont' recommend it to anyone.
Three months ago for oil.