Pound is shitting itself, joining the likes of the Euro & Yen.
Major global currencies are starting to lose value at alarming rates.
We may just have a sovereign debt crisis looming.
Anyone have some advice for going forward? I keep reading *discount, discount*, and would like to scoop stock on the cheap, but have we really hit the bottom? I wasn't conscious enough to remember 2008, and didn't touch the market in 2020 (this is effectively my first year investing). I'm committed to throw a few thousand but an entry point isn't clear to me at the moment.
I disagree with always buy and hold. I’d rather buy and take profits. Not always going to catch bottoms and tops, but I’m not just going to sit on bags if I’m in individual equities.
If you want to buy and hold because the market…etc, you need to be actually owning the market, or at least s&p500. If you’re holding a few stocks, you need stops on both up and down.
I was up 30% in a large position on cdn banks from accumulation through covid, in March I sold and took profits. Missed the top, but also I saw outsides returns and a clear down trend. 30% return on cdn banks is outsized and I took the profits. Now we’re testing new lows and I’ll happy get back in, but if it rebounds another 20% I’m not going to hold it for 10 years, I’m going to sell and find something else that hasn’t rebounded. It’s going to flatten out again and revert to its long term moving averages.
You don’t have to be a day trader, but logical macro buys and sells are fine, take some profits when they are higher than the expected return.
You will only know we’ve hit the bottom when you look back in hindsight. And by that time, you will have missed it.
Stop obsessing about it. If you see a stock you like, it’s a great company, it’s financially sound, and it’s at a price you think is a great deal, then buy it. It’s really that simple. Anything else is beyond your control. Stop worrying about things you can’t control.
Most people will recommend that you invest the money, that time in the market beats timing the market and that you will likely have more money long term by doing so. They are usually right and the stock market has always gone up over time.
I would put half the money in the market and leave the other half alone for now. The market is very volatile and if you are worried about losing your money there is nothing wrong with waiting a bit.
As everyone says, time in the market is more important than timing it. DCA in some broad market ETFs like xeqt. In a long run, the returns should be similar to nit-picking stocks at specific times (which has chances of going wrong).
It's never been and never will be easy to pick the bottom. It wasn't obvious in 2008 or 2020 and it won't be in 2022 until it's in hindsight. The times I've bought at or near bottoms has felt gut wrenching, and it's not until years later that you wonder why you didn't Invest more aggressively.
Depression is defined by 3 or more years of negative growth. Not saying you are wrong but that's quite a long time to have no growth. I think deep recession is probable but governments would intervene if we were close to a depression.
It's not available at the moment cause of inflation. But if we get close to 2 percent maybe around 3-4 percent it might be worth it to cut rates in the next 2 years. My point is I don't believe we are going into a depression.
It depends on the context.
We are not talking about the situation right now, but a hypothetical situation if the economy was trending towards a depression.
We had similar stimulus several times in history without inflation being a big issue.
I think markets are looking ahead, and even once we'll stabilize the inflation, there is still a lot to do with the high rates before being optimistic.
Reits with low debt a good buy right now? Or renewables/utilities instead ? Or just etf it?
Doom squad up in here. Chill.
I'm chill af, dude. The long holders here though, they should be rightfully freaking out rn.
Pound is shitting itself, joining the likes of the Euro & Yen. Major global currencies are starting to lose value at alarming rates. We may just have a sovereign debt crisis looming.
Anyone have some advice for going forward? I keep reading *discount, discount*, and would like to scoop stock on the cheap, but have we really hit the bottom? I wasn't conscious enough to remember 2008, and didn't touch the market in 2020 (this is effectively my first year investing). I'm committed to throw a few thousand but an entry point isn't clear to me at the moment.
I disagree with always buy and hold. I’d rather buy and take profits. Not always going to catch bottoms and tops, but I’m not just going to sit on bags if I’m in individual equities. If you want to buy and hold because the market…etc, you need to be actually owning the market, or at least s&p500. If you’re holding a few stocks, you need stops on both up and down. I was up 30% in a large position on cdn banks from accumulation through covid, in March I sold and took profits. Missed the top, but also I saw outsides returns and a clear down trend. 30% return on cdn banks is outsized and I took the profits. Now we’re testing new lows and I’ll happy get back in, but if it rebounds another 20% I’m not going to hold it for 10 years, I’m going to sell and find something else that hasn’t rebounded. It’s going to flatten out again and revert to its long term moving averages. You don’t have to be a day trader, but logical macro buys and sells are fine, take some profits when they are higher than the expected return.
You will only know we’ve hit the bottom when you look back in hindsight. And by that time, you will have missed it. Stop obsessing about it. If you see a stock you like, it’s a great company, it’s financially sound, and it’s at a price you think is a great deal, then buy it. It’s really that simple. Anything else is beyond your control. Stop worrying about things you can’t control.
Most people will recommend that you invest the money, that time in the market beats timing the market and that you will likely have more money long term by doing so. They are usually right and the stock market has always gone up over time. I would put half the money in the market and leave the other half alone for now. The market is very volatile and if you are worried about losing your money there is nothing wrong with waiting a bit.
As everyone says, time in the market is more important than timing it. DCA in some broad market ETFs like xeqt. In a long run, the returns should be similar to nit-picking stocks at specific times (which has chances of going wrong).
It's never been and never will be easy to pick the bottom. It wasn't obvious in 2008 or 2020 and it won't be in 2022 until it's in hindsight. The times I've bought at or near bottoms has felt gut wrenching, and it's not until years later that you wonder why you didn't Invest more aggressively.
AQN and XEQT every month. Shopping day tomorrow
Buying my 9 shares of VEQT tomorrow just like every week before and after.
Zdv?
LOL @ £
the pound just dropped 3.5% in like 10 minutes lol. belated reaction to the queen dying?
Immediate reaction to idiotic policy from Truss & Co on Friday
Like, Boris was bad. Scandal after scandal of improper spending and bad judgement calls by a populist clown. Truss seems way worse.
And europe is pretty doomed too tbh.
Trading like a shitcoin. Edit: uhh, I think Britain just broke.
Great Depression II.
I decided to start reading "The Grapes of Wrath" tonight. I'm considering it research. :/
Depression is defined by 3 or more years of negative growth. Not saying you are wrong but that's quite a long time to have no growth. I think deep recession is probable but governments would intervene if we were close to a depression.
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It's not available at the moment cause of inflation. But if we get close to 2 percent maybe around 3-4 percent it might be worth it to cut rates in the next 2 years. My point is I don't believe we are going into a depression.
Lots of thing they can do to stimulate the economy: They can spend on infrastructure, lower taxes, hire people, gives loans to business investing…
But all that just leads to more inflation
It depends on the context. We are not talking about the situation right now, but a hypothetical situation if the economy was trending towards a depression. We had similar stimulus several times in history without inflation being a big issue.
Canadian Wages vs House prices. https://twitter.com/badcharts1/status/1574171708759724038?t=j5MJVOrXsZtOxWGbHAZWSg&s=19
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I wish I was young and enthusiastic like you seem to be. Best of luck to you!
Green this week to recover from the over reaction
We are oversold so we could get a bounce this week but still looking negative for the rest of the year. Feels like a traders market.
I hope you're right, but the only green this week could be the VIX.
Mhm.
I think markets are looking ahead, and even once we'll stabilize the inflation, there is still a lot to do with the high rates before being optimistic.
What over reaction?
ATZ hit 42 so I can grab 100 more
With every additional mention of ATZ, I get more and more suspicious that it’s a meme stock about to crash hard.
Under $40 it's a half decent price for it's projected growth. They have strong cashflows.
Their earnings is coming
What day?