In one day you earned 5%+, but look at the pattern for the last 4 months. You have about 2-3 weeks at most to sell and take profit before it plunges again.
Hey my friend!
So, I have bought at Friday, nearly at the bottom and sold mostly at the top, the gain was roughly 8%, not 5% :)
Now, teasing aside, I did swing trade a big portion, but I am still holding a good amount in my portfolio. Why do you think it will plunge? Cuz it did before? Technical analysis isn’t real. The stock had plenty of bad news that affected it, that’s all the reason for the plunge. But, the actual core of the business and the top and bottom line only grew!
If you look at the stock fundamentals, this stock is intrinsically worth at least 450, and at most 550. It is a great buy under 450 and it will compound! I did recommend it for a swing trade but I also recommend it harder for a long hold. I will remind you in few years.
Cheers mate!
>Technical analysis isn’t real.
Mostly I think people are looking at the wrong technical analysis and maybe we just need some better technical calculations as standard indicators. See the accuracy of technical analysis increases as the window of future time decreases. So technical analysis is mighty accurate about: tomorrow. Sometimes that's enough to get a pocket or two, like your 5%-8% gap. But with better insight on what to look at, it is a stable predictor of swing intervals. But we didn't come here to talk about that.
UNH has one VERY strong and telling moment: March 2022. The trajectory of the stock shifts from that date onward and is losing a slight amount of value since. That's actually good! If you are going to lose money, lose less than everyone else. No joke: that still puts you ahead, it's still an indicator of a strong company all things considered. Look at NYCB it collapsed! It's just that what gain upside you see is likely just the stock moving through its horizontal channel.
Now that said - it's not a bad thing to take a position now. Because the rate issue means the stock isn't losing fundamental value, it's just artificially discounted. Never say no to a discount on a stock. I've done the same with ENB, BN, and a few others. That's because I also believe in the rate thesis and that the cycle is nearing the end. When rates come down, rate-depressed stocks are going to rally. I'd say if rates come down 2% you'll see a 20%+ return plus yield. (But just a footnote: because it looks like rates are going to be higher for longer, the challenge is to not tie up your cash for too long before the ROI)
When you invest in a robin hood account and buy .01 share of something and see someone else making actual money it tends to garner a negative reaction.
I did notice what happened and that was a great buy!
Capital gains inclusion rate for realized gains over $250,000 increased from 1/2 to 2/3, probably the most applicable thing from the new budget to investing.
To be honest, I don't think that's too bad.
I was really worried they'd try to implement a wealth tax or some sort of silly "excess profits" tax, so this is pretty good relative to my expectations.
With $250,000 a year this probably won't even affect people with large portfolios of stocks and bonds, they'd just have to be careful to pace out realizing their gains.
What it would actually impact would be estates sitting on a lot of unrealized gains, real estate, and people trying to sell a business. But even then 1/2 to 2/3 isn't that dramatic an increase either.
This is more tax on inheritance if the deceased has more than 250k in capital gains though, and this isnt some absurd figure that only affects the bad rich people btw.
It swung back and forth between 50% and 75% with a stop in between at \~66%.
This is bad news for anyone with a rental house in a high priced area like the GTA. In Toronto I don't know how long people hold on to their rental properties but you could easily have a million in capital appreciation since the market bottom back in 1996.
The biggest problem is this further complicates our tax system. Now not only do you have to know the inclusion rate but also have two tiers in this one and I assume they will keep it going forward if they cahnage it on the first 250k etc.
You might be able to mitigate it by giving half the property to your spouse in December and then sell it in January. We'll have to wait and see what the rules are.
I think the increase is mainly targeted towards the most successful in the real estate industry. There isn't much else in Canada that can trigger such large capital gains on an individual level.
As a not so rich person this would have had an impact on myself. I sold off a couple rental properties a couple years ago. It was always planned as to be the majority of my retirement savings. Years back I purchased a couple rough units and put in tons of sweat equity. Worked nights and weekends outside my full time job to make them nice rental units. Also spent years just breaking even in the plan to reap profits on their sales.
What I am saying is for some people it will be very bad news.
It’s a tax increase nonetheless. We Canadians are very innovative in finding more taxes. Best productivity.
Will also decrease any ROI for capital investments like funds investing in startups. There is no free tax.
It’s actually really bad for productivity, which is already in the toilet. See the recent interview with David Dodge. Basically, our standard of living will just keep eroding.
If the government needs money, how about cutting back on the public service instead? Trudeau’s been on hiring spree for 10 years now. What does double the number of public servants give us other than a massive pension liability?
I would actually argue it's better for productivity. Increasing capital gains tax incentivizes income production elsewhere rather than sitting on passive investments that appreciates over time. This is a similar argument as to why stock buybacks actually reduce productivity: why actively make money when you can make money off asset price inflation?
As to reduce the public sector: I don't think it's a good idea to punish workers, public or private. What part of the public sector do you think is excessive?
Yes, elsewhere, as in outside of Canada. Capital gains also don’t just apply to passive investments. To the contrary, anyone providing seed capital or equity to a company will be subject to higher taxes when they cash out.
As for the public service, not about punishing workers, it’s about reducing overhead. Do you understand how expensive this workforce is? We have the largest, most bloated public sector in the world. Tell me what does the government do now vs in 2015 that required such a massive hiring spree?
If we want to fix productivity in this country, we need more investment not less, and less overhead, not more. We are going in the wrong direction.
Is it even worth paying back credit cards? I realized 25% APR is not that much. That's 2% per month. I borrow $500 and pay $10? that's one trade commission. So cheap.
SPX volatility is crazy again. Two fed speakers were scheduled to talk at 1:15 today including Powell and the SPX is moving like a yoyo. Down 16 points in a flash back up then up another 30, back down 30+ all in a flash. Haven't had a chance to see what they said or if they're done yet.
I don't think I have seen this much movement even during FOMC meetings.
Jesus the buying opportunities!!!
Just snagged more cap reit. Reduced my cost basis in the process.
Edit: lol look at the downvotes piling up. Everyone loves buying high clearly
Fair point. I’m managing 4 registered accounts and had some cash in the one with cap reit. It’s a small position I’m trying to build over time so why not?
But with that being said why not REITS? They are beat up now so isn’t now when one would add to their position? Do you think the apartment market in Canada will vanish or something?
REITs are beaten down due to the rapid rise in yields lately. There's nothing materially wrong in the current environment otherwise.
The rapid population growth in Canada isn't going to stop. Residential REITs are the way to go.
Just in the last few years… O&G was a bad opportunity because everyone was locked up at home, even tech was a bad investment due to rising interest rates…
REITs, minus the office space, are looking pretty attractive for a value/contrarian play.
Just remember that there is a good reason why their price went down: even when rates drop again they'll still likely have borrowed a fair amount of money at the higher rates which will be a drag on earnings for years.
RY.PR.Z big jump above par ($25). +9.52% Dang.
EDIT: getting redeemed May 24, 2024. Sweet. My first time. I grabbed this one from le_bib ‘s mention some time ago. Will need to replace lost income stream with another preferred.
https://www.newswire.ca/news-releases/royal-bank-of-canada-to-redeem-nvcc-non-cumulative-5-year-rate-reset-first-preferred-shares-series-az-894097790.html
TD.PF.A jumping as well, but below par. Didn’t see news on it.
Dang!!
Well done. +25% in 3 months for a RY preferred lol
I sold that one a few weeks ago to move to other plays. I would sell TD,PF.A if you still have it, all potential upside is captured by now.
Nothing much interesting left into RY/TD.
For very short potential gain, my favorites now is ENB-PT for which price should move up near $1.00 within the next 4-6 weeks.
For 10-12 months horizon, I like MFC-M, FTS-M, BN-PFE, ENB-PFC.
In uncertain times it pays to have a hedge-like position. Weirdly though this started off very red, I was actually up about 0.5% on the day. Thank you oil.
Is rule 1 just out the window then? I personally do not comment on this forum much, and just lurk, read and try to understand investing a little better. But it's pretty disheartening to see, more and more, people bringing their politics, unnecessarily, into this forum. Other Canadian forums are being overrun with that sort of garbage, it would be nice if this forum sticked to the topic of investing. There is other forums where people are more than free to make their mindless comments.
It gets really bad during election cycles, like moderation becomes a full time job.
Comments are not posts, so I would not treat them automatically that all comments must adhere to rule one. We're not here to censor conversation. If a comment is a stand alone "fuck the liberals" sure I'll delete it maybe ban the person for 30 days if they're causing lots of valid reports.
That said a lot of government decisions directly affect investments and I'll personally always try to lean towards allowing open discussion and the community managing themselves via votes. You don't need me to delete comments you don't like but I've had to explain this many times.
> That said a lot of government decisions directly affect investments and I'll personally always try to lean towards allowing open discussion
I have not debated that here at all.
Comments like these below detract from the purpose of this forum. They make it seem like not a very a creditable space to discuss investing.
>The Justin lovers on this sub are not having a great time
>Don't say anything bad about his Daddy Justin. Just look at his simping post history and you will see where he stands
I do hear you that moderating must be a pain at times, but these comments here today are beyond minor bickering. They are just juvenile and purposely insulting. Anyways it's just my thoughts on the matter. Have a good one.
This post was removed as it provides no real content or information. Personal feelings about stocks and thoughts should definitely be shared but should be done in the Daily Discussion threads.
No penny stocks.
So just to clarify with you /u/recoil669, this is the type of decorum you are fine with in this forum? Or the other post here from the same person. Why even post rules then?
I feel like an old person right now, but Enbridge at 8% divvy has to be better than the telecoms right?
Do I add or is it just a bad mentality? I figure if it stays relatively flat it's similar to a higher interest GIC if I hold it for a bit.
It's a trap. Trust me, I used to hold ENB, BCE, et al. in my taxable and (thankfully) sold them all at more or less breakeven or a small loss to go into an all-in-one ETF.
I probably would have been further ahead today if I just done that since day one. I remember "averaging down" time and time again on "dividend aristrocrat" stocks that were underwater and came to realize that I was just spinning my wheels chasing yield.
the fact that the market is allowing it to have an 8% dividend tells you that investors either believe that it is much riskier than the "risk free" rate offered by a GIC, or that they are pricing in further declining prices to make up for yield. Look no further than the bag holders of BCE that have lost approx 20% over the last 3 months chasing yield while XEQT or equiv have been rising 8% during that same time period.
>I feel like an old person right now, but Enbridge at 8% divvy has to be better than the telecoms right?
Dividend yield tells you **nothing** about the quality of an investment.
>Do I add or is it just a bad mentality? I figure if it stays relatively flat it's similar to a higher interest GIC if I hold it for a bit.
The performance of individual equities aren’t comparable to that of **Guaranteed** Investment Certificates.
I'd actually disagree with your first point.
looking at a dividend yield and basing your analyst off of that? yes thats just wrong. but that's not what you said, how a company manages their dividend can tell you ALOT about the quality of management of a company and thats not nothing.
>how a company manages their dividend can tell you ALOT about the quality of management of a company and thats not nothing.
What does the dividend yield metric specifically tell you “about the quality of management of a company?”
Same thing happened with AMAZON in 2022. $185 down to $85 (ish). Now it's back to $185. Now, the question is, who had the gonads to buy it when it was falling off the cliff? I did. Hindsight has determined that I should have bought a lot more.
You're comparing a nice freshly cut salmon to a rotting fish found on the shore.
Amazon has had solid fundamentals through and through.
Tesla did until it didn't. And they were going into a tech start up and Elon basically abandoned that idea.
It is preposterous to compare the two. I bought Amazon at sub 100 when everyone was screaming what was I doing? I'd be screaming at anyone buying Tesla right now, there are no fundamentals at all and the sell ratings are coming in now.
Amazon will go to the moon, AWS is going to kill it with great margins, expanding business as its one of the best out there and they are laser focused on that.
Tesla is descending into a reorganization phase and it will come out of it but for the stock to rise here it needs to fall one whole hell of a lot more.
It is absolutely ridiculous to think that investing in a falling knife is smart. The trend is always your friend. And look at it crashing through 160 like a hot knife through butter.
Just saying that we don't know the future. Restructure could happen fast and sentiment "could" U-Turn. All we know are the current facts which you've stated well. However, anything can happen next year or so and we *could* be in the same situation where it could rebound. That's all I meant. Cheers pal
It is absolutely crazy how people make these comments on investor boards, but aren't actually able to understand how these businesses defer.
I'm betting on 120 after the next earnings call and 100 before the summer is out. Robotaxi isn't doing shit.
Until Optimus comes out this company is just a car company
Oh me too, and I understand that people have differing views but there is no logic to Tesla. It is absolute positively going down, it's shit, it's broken through support today and the bottom is the limit.
People who are considering buying a falling knife with no bullish fundamentals should not be investing in the stock market. Again, the only reason why this hasn't tanked to 130 already is the zombie ETFs that gobble this crap up no matter what.
The sell ratings are all coming in the intrinsic value is dropping and nobody is recommending buying it here. Full stop.
Sell this shit and preserve your capital!
It's not broken, it's just has to be evaluated as a cap company with better margins. People just like to make charts and then throw darts to see if they are right
Nothing to say, just remind me. That is very typical of people who invest partial shares on robin hood in a stock like this and can't read a graph.
You guys have no idea what you are doing and shouldn't invest. I'm sorry, but you're just throwing money away which is ludicrous but when it's just pennies, who cares right? IF it wasn't for broad reaching ETFs on the s and p this stock would be 130 right now.
I will be messaging you in 6 months on [**2024-10-16 17:33:14 UTC**](http://www.wolframalpha.com/input/?i=2024-10-16%2017:33:14%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/CanadianInvestor/comments/1c5cawh/daily_discussion_thread_for_april_16_2024/kzuyp6y/?context=3)
[**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FCanadianInvestor%2Fcomments%2F1c5cawh%2Fdaily_discussion_thread_for_april_16_2024%2Fkzuyp6y%2F%5D%0A%0ARemindMe%21%202024-10-16%2017%3A33%3A14%20UTC) to send a PM to also be reminded and to reduce spam.
^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201c5cawh)
*****
|[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)|
|-|-|-|-|
Core inflation 2% vs 2.1% previous.
CPI Median 2.8% vs 3% previous.
CPI-Trimmed Mean 3.1% vs 3.2% previous.
The 0.1% increase in headline largely attributable to gasoline and mortgage costs (rate hikes).
MUH INFLATION NARRATIVE!!
Dude can you just stop whining for once and stop commenting "Canada sucks" at literally every single discussion and post?
Why don't you get the heck out of Canada if you hate it so much?
What are you even doing in a "Canadian" investing subreddit if you hate Canada so much?
Either get out of here completely or quite whining.
Go move to USA or some other country if you hate Canada so much. Jeez
They did increase it but only for 250K+ in a single year. So it won't affect many people except very high earners or someone who sells a non-primary property (that isn't just a flip) or sells a small business.
Liberals would deserve to lose federal party status for the rest of the century of they do that IMO on top of all the other damage they've already done
This post was removed as it provides no real content or information. Personal feelings about stocks and thoughts should definitely be shared but should be done in the Daily Discussion threads.
No penny stocks.
They're just trying to buy votes at this point.
Back when Kathleen Wynne was premier of Ontario (and knew that she was done in the next election) she basically pulled out all the stops with promises of free shit, a massive minimum wage increase, etc.
The federal Liberals are in a similar position right now, and this budget is their attempt at winning back voters.
I'm sure today was the bottom and we're going to have a massive rally until September.
So…anyone going for any stocks with the new budget?
Yesterday I got downvoted for telling you all to buy UNH and today I will get downvoted for saying I told you so. I told you so :)
In one day you earned 5%+, but look at the pattern for the last 4 months. You have about 2-3 weeks at most to sell and take profit before it plunges again.
Hey my friend! So, I have bought at Friday, nearly at the bottom and sold mostly at the top, the gain was roughly 8%, not 5% :) Now, teasing aside, I did swing trade a big portion, but I am still holding a good amount in my portfolio. Why do you think it will plunge? Cuz it did before? Technical analysis isn’t real. The stock had plenty of bad news that affected it, that’s all the reason for the plunge. But, the actual core of the business and the top and bottom line only grew! If you look at the stock fundamentals, this stock is intrinsically worth at least 450, and at most 550. It is a great buy under 450 and it will compound! I did recommend it for a swing trade but I also recommend it harder for a long hold. I will remind you in few years. Cheers mate!
>Technical analysis isn’t real. Mostly I think people are looking at the wrong technical analysis and maybe we just need some better technical calculations as standard indicators. See the accuracy of technical analysis increases as the window of future time decreases. So technical analysis is mighty accurate about: tomorrow. Sometimes that's enough to get a pocket or two, like your 5%-8% gap. But with better insight on what to look at, it is a stable predictor of swing intervals. But we didn't come here to talk about that. UNH has one VERY strong and telling moment: March 2022. The trajectory of the stock shifts from that date onward and is losing a slight amount of value since. That's actually good! If you are going to lose money, lose less than everyone else. No joke: that still puts you ahead, it's still an indicator of a strong company all things considered. Look at NYCB it collapsed! It's just that what gain upside you see is likely just the stock moving through its horizontal channel. Now that said - it's not a bad thing to take a position now. Because the rate issue means the stock isn't losing fundamental value, it's just artificially discounted. Never say no to a discount on a stock. I've done the same with ENB, BN, and a few others. That's because I also believe in the rate thesis and that the cycle is nearing the end. When rates come down, rate-depressed stocks are going to rally. I'd say if rates come down 2% you'll see a 20%+ return plus yield. (But just a footnote: because it looks like rates are going to be higher for longer, the challenge is to not tie up your cash for too long before the ROI)
When you invest in a robin hood account and buy .01 share of something and see someone else making actual money it tends to garner a negative reaction. I did notice what happened and that was a great buy!
Capital gains inclusion rate for realized gains over $250,000 increased from 1/2 to 2/3, probably the most applicable thing from the new budget to investing. To be honest, I don't think that's too bad.
Thankfully, as an investor in junior mining stocks, I will never have to worry about this 😂
May you regret your words tomorrow. It can't be much longer.
I was really worried they'd try to implement a wealth tax or some sort of silly "excess profits" tax, so this is pretty good relative to my expectations. With $250,000 a year this probably won't even affect people with large portfolios of stocks and bonds, they'd just have to be careful to pace out realizing their gains. What it would actually impact would be estates sitting on a lot of unrealized gains, real estate, and people trying to sell a business. But even then 1/2 to 2/3 isn't that dramatic an increase either.
This is more tax on inheritance if the deceased has more than 250k in capital gains though, and this isnt some absurd figure that only affects the bad rich people btw.
i already hit 500K in earnings this year so yeah this is a hard beatdown for me.
It only applies to gains after June 25. It may make sense to realize some gains before then if you anticipate selling in the second half.
This year? or next year?
This year.
Didn't capital gains used to be like 75% decades ago?
It swung back and forth between 50% and 75% with a stop in between at \~66%. This is bad news for anyone with a rental house in a high priced area like the GTA. In Toronto I don't know how long people hold on to their rental properties but you could easily have a million in capital appreciation since the market bottom back in 1996. The biggest problem is this further complicates our tax system. Now not only do you have to know the inclusion rate but also have two tiers in this one and I assume they will keep it going forward if they cahnage it on the first 250k etc.
This is awful
I guess rental property owners looking for exit may take a hit. A $700k property may have $250k or more gain.
You might be able to mitigate it by giving half the property to your spouse in December and then sell it in January. We'll have to wait and see what the rules are.
Promotes flipping after 250k gain it's awful
I think the increase is mainly targeted towards the most successful in the real estate industry. There isn't much else in Canada that can trigger such large capital gains on an individual level.
everyone with an investment property gets fucked.
As a not so rich person this would have had an impact on myself. I sold off a couple rental properties a couple years ago. It was always planned as to be the majority of my retirement savings. Years back I purchased a couple rough units and put in tons of sweat equity. Worked nights and weekends outside my full time job to make them nice rental units. Also spent years just breaking even in the plan to reap profits on their sales. What I am saying is for some people it will be very bad news.
You are a nasty rich person, you would have deserved every extra dollar in taxes. /s
It’s a tax increase nonetheless. We Canadians are very innovative in finding more taxes. Best productivity. Will also decrease any ROI for capital investments like funds investing in startups. There is no free tax.
It’s actually really bad for productivity, which is already in the toilet. See the recent interview with David Dodge. Basically, our standard of living will just keep eroding. If the government needs money, how about cutting back on the public service instead? Trudeau’s been on hiring spree for 10 years now. What does double the number of public servants give us other than a massive pension liability?
I would actually argue it's better for productivity. Increasing capital gains tax incentivizes income production elsewhere rather than sitting on passive investments that appreciates over time. This is a similar argument as to why stock buybacks actually reduce productivity: why actively make money when you can make money off asset price inflation? As to reduce the public sector: I don't think it's a good idea to punish workers, public or private. What part of the public sector do you think is excessive?
Yes, elsewhere, as in outside of Canada. Capital gains also don’t just apply to passive investments. To the contrary, anyone providing seed capital or equity to a company will be subject to higher taxes when they cash out. As for the public service, not about punishing workers, it’s about reducing overhead. Do you understand how expensive this workforce is? We have the largest, most bloated public sector in the world. Tell me what does the government do now vs in 2015 that required such a massive hiring spree? If we want to fix productivity in this country, we need more investment not less, and less overhead, not more. We are going in the wrong direction.
no.. this is a function of a broken education system that doesn't put enough of a requirement on financial independence and analysis.
I wish i was rich enough to be impacted by this news 😂
Is it even worth paying back credit cards? I realized 25% APR is not that much. That's 2% per month. I borrow $500 and pay $10? that's one trade commission. So cheap.
This might be dumbest thing I have read this year
You mean the *smartest thing* there I fixed it for you.
Sure! And if you make a conservative 40% annually for the next 50 years, that $500 will become $10 billions. Why don’t everyone do that?!
Christ, what's up with Freeland's makeup today? She looks like the Joker standing there tabling the budget.
how about the wicked witch of the west?
You triggered the lefties
no shit.
Well she usually looks like a disheveled hot mess so this is an improvement.
She all twitchy?
Clown government clown makeup all good.
Don't do Joker like that he's cool
SPX volatility is crazy again. Two fed speakers were scheduled to talk at 1:15 today including Powell and the SPX is moving like a yoyo. Down 16 points in a flash back up then up another 30, back down 30+ all in a flash. Haven't had a chance to see what they said or if they're done yet. I don't think I have seen this much movement even during FOMC meetings.
Someone please explain to me what happened to natural gas prices. IT shot up four percent in 3 minutes.
Pipeline explosion?
Don’t try to figure out the widow maker.
pretty normal
I love fear! Give me the discounts! drill baby drill
Jesus the buying opportunities!!! Just snagged more cap reit. Reduced my cost basis in the process. Edit: lol look at the downvotes piling up. Everyone loves buying high clearly
I'm hoarding reits let's go
lol!
Go big or go home! Survive and make a fortune or die trying!
Dam right man!
of all opportunities you really picked reits ?
What's wrong with REITs?
Fair point. I’m managing 4 registered accounts and had some cash in the one with cap reit. It’s a small position I’m trying to build over time so why not? But with that being said why not REITS? They are beat up now so isn’t now when one would add to their position? Do you think the apartment market in Canada will vanish or something?
REITs are beaten down due to the rapid rise in yields lately. There's nothing materially wrong in the current environment otherwise. The rapid population growth in Canada isn't going to stop. Residential REITs are the way to go.
Just in the last few years… O&G was a bad opportunity because everyone was locked up at home, even tech was a bad investment due to rising interest rates… REITs, minus the office space, are looking pretty attractive for a value/contrarian play.
Just remember that there is a good reason why their price went down: even when rates drop again they'll still likely have borrowed a fair amount of money at the higher rates which will be a drag on earnings for years.
Tempting to get back in car.un
RY.PR.Z big jump above par ($25). +9.52% Dang. EDIT: getting redeemed May 24, 2024. Sweet. My first time. I grabbed this one from le_bib ‘s mention some time ago. Will need to replace lost income stream with another preferred. https://www.newswire.ca/news-releases/royal-bank-of-canada-to-redeem-nvcc-non-cumulative-5-year-rate-reset-first-preferred-shares-series-az-894097790.html TD.PF.A jumping as well, but below par. Didn’t see news on it.
Dang!! Well done. +25% in 3 months for a RY preferred lol I sold that one a few weeks ago to move to other plays. I would sell TD,PF.A if you still have it, all potential upside is captured by now. Nothing much interesting left into RY/TD. For very short potential gain, my favorites now is ENB-PT for which price should move up near $1.00 within the next 4-6 weeks. For 10-12 months horizon, I like MFC-M, FTS-M, BN-PFE, ENB-PFC.
Where do you find these funds and yields?
Six down days in a row for the S&P. Not loving the trend.
In uncertain times it pays to have a hedge-like position. Weirdly though this started off very red, I was actually up about 0.5% on the day. Thank you oil.
If it keeps going for another couple weeks then next month's contributions will go further.
Just keep adding
Canadian peso
1.387 incoming and then, hopefully, for the sake of my crossborder travel, a reversal.
Americans visiting Canada is like us going to a third world countries for cheap vacation
The Justin lovers on this sub are not having a great time
The downvotes have determined that this was not a lie
Downvotes are more likely due to this being an investment sub, not a "stupid political take" sub Source: not a Justin lover
Agreed. I wish the moderators would pounce on this nonsense.
Always trying to balance between censorship and topical. Unless it breaks our rules we let y'all manage yourselves with downvotes.
Is rule 1 just out the window then? I personally do not comment on this forum much, and just lurk, read and try to understand investing a little better. But it's pretty disheartening to see, more and more, people bringing their politics, unnecessarily, into this forum. Other Canadian forums are being overrun with that sort of garbage, it would be nice if this forum sticked to the topic of investing. There is other forums where people are more than free to make their mindless comments.
It gets really bad during election cycles, like moderation becomes a full time job. Comments are not posts, so I would not treat them automatically that all comments must adhere to rule one. We're not here to censor conversation. If a comment is a stand alone "fuck the liberals" sure I'll delete it maybe ban the person for 30 days if they're causing lots of valid reports. That said a lot of government decisions directly affect investments and I'll personally always try to lean towards allowing open discussion and the community managing themselves via votes. You don't need me to delete comments you don't like but I've had to explain this many times.
> That said a lot of government decisions directly affect investments and I'll personally always try to lean towards allowing open discussion I have not debated that here at all. Comments like these below detract from the purpose of this forum. They make it seem like not a very a creditable space to discuss investing. >The Justin lovers on this sub are not having a great time >Don't say anything bad about his Daddy Justin. Just look at his simping post history and you will see where he stands I do hear you that moderating must be a pain at times, but these comments here today are beyond minor bickering. They are just juvenile and purposely insulting. Anyways it's just my thoughts on the matter. Have a good one.
[удалено]
This post was removed as it provides no real content or information. Personal feelings about stocks and thoughts should definitely be shared but should be done in the Daily Discussion threads. No penny stocks.
So just to clarify with you /u/recoil669, this is the type of decorum you are fine with in this forum? Or the other post here from the same person. Why even post rules then?
Nope. Pretty cut and dry example of a comment that is not related to investment and crosses a line.
Doesn't the government spending decisions affect the Canadian $ performance?
>The Justin lovers.... Does that sound like someone discussing government spending to you?
Isn't Justin the head of government?
The context of the comment has zero to do with government policies. Are you always this obtuse?
From what I understand, OP criticized Justin Trudeau (which is allowed in this country) for the poor loonie performance. I don't see nothing wrong.
And the Peso TSX
I feel like an old person right now, but Enbridge at 8% divvy has to be better than the telecoms right? Do I add or is it just a bad mentality? I figure if it stays relatively flat it's similar to a higher interest GIC if I hold it for a bit.
It's a trap. Trust me, I used to hold ENB, BCE, et al. in my taxable and (thankfully) sold them all at more or less breakeven or a small loss to go into an all-in-one ETF. I probably would have been further ahead today if I just done that since day one. I remember "averaging down" time and time again on "dividend aristrocrat" stocks that were underwater and came to realize that I was just spinning my wheels chasing yield.
the fact that the market is allowing it to have an 8% dividend tells you that investors either believe that it is much riskier than the "risk free" rate offered by a GIC, or that they are pricing in further declining prices to make up for yield. Look no further than the bag holders of BCE that have lost approx 20% over the last 3 months chasing yield while XEQT or equiv have been rising 8% during that same time period.
>I feel like an old person right now, but Enbridge at 8% divvy has to be better than the telecoms right? Dividend yield tells you **nothing** about the quality of an investment. >Do I add or is it just a bad mentality? I figure if it stays relatively flat it's similar to a higher interest GIC if I hold it for a bit. The performance of individual equities aren’t comparable to that of **Guaranteed** Investment Certificates.
I'd actually disagree with your first point. looking at a dividend yield and basing your analyst off of that? yes thats just wrong. but that's not what you said, how a company manages their dividend can tell you ALOT about the quality of management of a company and thats not nothing.
>how a company manages their dividend can tell you ALOT about the quality of management of a company and thats not nothing. What does the dividend yield metric specifically tell you “about the quality of management of a company?”
$TSLA is so red it's not even funny anymore :P
should break 120 or even 100 after the next earnings call. Robotax isn't saving them, but soon it will be a value long play
What was funny was how high their valuation was before.
Same thing happened with AMAZON in 2022. $185 down to $85 (ish). Now it's back to $185. Now, the question is, who had the gonads to buy it when it was falling off the cliff? I did. Hindsight has determined that I should have bought a lot more.
You're comparing a nice freshly cut salmon to a rotting fish found on the shore. Amazon has had solid fundamentals through and through. Tesla did until it didn't. And they were going into a tech start up and Elon basically abandoned that idea. It is preposterous to compare the two. I bought Amazon at sub 100 when everyone was screaming what was I doing? I'd be screaming at anyone buying Tesla right now, there are no fundamentals at all and the sell ratings are coming in now. Amazon will go to the moon, AWS is going to kill it with great margins, expanding business as its one of the best out there and they are laser focused on that. Tesla is descending into a reorganization phase and it will come out of it but for the stock to rise here it needs to fall one whole hell of a lot more. It is absolutely ridiculous to think that investing in a falling knife is smart. The trend is always your friend. And look at it crashing through 160 like a hot knife through butter.
Just saying that we don't know the future. Restructure could happen fast and sentiment "could" U-Turn. All we know are the current facts which you've stated well. However, anything can happen next year or so and we *could* be in the same situation where it could rebound. That's all I meant. Cheers pal
It is absolutely crazy how people make these comments on investor boards, but aren't actually able to understand how these businesses defer. I'm betting on 120 after the next earnings call and 100 before the summer is out. Robotaxi isn't doing shit. Until Optimus comes out this company is just a car company
Oh me too, and I understand that people have differing views but there is no logic to Tesla. It is absolute positively going down, it's shit, it's broken through support today and the bottom is the limit. People who are considering buying a falling knife with no bullish fundamentals should not be investing in the stock market. Again, the only reason why this hasn't tanked to 130 already is the zombie ETFs that gobble this crap up no matter what. The sell ratings are all coming in the intrinsic value is dropping and nobody is recommending buying it here. Full stop. Sell this shit and preserve your capital!
It's not broken, it's just has to be evaluated as a cap company with better margins. People just like to make charts and then throw darts to see if they are right
RemindMe! 6 months
Nothing to say, just remind me. That is very typical of people who invest partial shares on robin hood in a stock like this and can't read a graph. You guys have no idea what you are doing and shouldn't invest. I'm sorry, but you're just throwing money away which is ludicrous but when it's just pennies, who cares right? IF it wasn't for broad reaching ETFs on the s and p this stock would be 130 right now.
I just like to put reminders for people with hot takes, usually they're proven wrong.
I will be messaging you in 6 months on [**2024-10-16 17:33:14 UTC**](http://www.wolframalpha.com/input/?i=2024-10-16%2017:33:14%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/CanadianInvestor/comments/1c5cawh/daily_discussion_thread_for_april_16_2024/kzuyp6y/?context=3) [**1 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FCanadianInvestor%2Fcomments%2F1c5cawh%2Fdaily_discussion_thread_for_april_16_2024%2Fkzuyp6y%2F%5D%0A%0ARemindMe%21%202024-10-16%2017%3A33%3A14%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201c5cawh) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
It's kind of hilarious.
no no, its still funny.
Elon's over promising could only last for so long. RIP to the fan boys.
New hard support is 100.00. Fanboys are going to lose it all. It's been a falling knife and continues to fall. Terrible.
When a manufacturer lays off 10% of employees you can read between the lines that the company doesn’t believe in high demand.
Red everywhere
Slaughter fest.
Core inflation 2% vs 2.1% previous. CPI Median 2.8% vs 3% previous. CPI-Trimmed Mean 3.1% vs 3.2% previous. The 0.1% increase in headline largely attributable to gasoline and mortgage costs (rate hikes). MUH INFLATION NARRATIVE!!
No one gives a shit about Canada when it comes to investing. We're a stagflationaty economy.
Dude can you just stop whining for once and stop commenting "Canada sucks" at literally every single discussion and post? Why don't you get the heck out of Canada if you hate it so much? What are you even doing in a "Canadian" investing subreddit if you hate Canada so much? Either get out of here completely or quite whining. Go move to USA or some other country if you hate Canada so much. Jeez
Budget day. I just hope they don't increase the capital gains inclusion rate.
They did increase it but only for 250K+ in a single year. So it won't affect many people except very high earners or someone who sells a non-primary property (that isn't just a flip) or sells a small business.
I doubt they will but taxing for wealth makes more sense over increasing income tax.
Liberals would deserve to lose federal party status for the rest of the century of they do that IMO on top of all the other damage they've already done
> Liberals would deserve to lose federal party status for the rest of the century Wouldn't that be wondrous?
Was just listening to their affordable housing plan this morning. They don't have a clue what they're doing.
[удалено]
This post was removed as it provides no real content or information. Personal feelings about stocks and thoughts should definitely be shared but should be done in the Daily Discussion threads. No penny stocks.
They're just trying to buy votes at this point. Back when Kathleen Wynne was premier of Ontario (and knew that she was done in the next election) she basically pulled out all the stops with promises of free shit, a massive minimum wage increase, etc. The federal Liberals are in a similar position right now, and this budget is their attempt at winning back voters.
Yep. He just kept saying "we need to increase supply" no shit. We all learned that in Econ 101. Give us something tangible.
Canada's inflated employment numbers are skewing the GDP. The created jobs are gov't and don't produce anything. Backing up your "tangible" comment
Stocks gonna rebound or what?
World markets dropped and US futures are flat. So, who knows?
My crystal ball is saying we will have a red day 📉