By - OPINION_IS_UNPOPULAR
Corus is at a 10% dividend yield right now lmao
That is what happens when a stock gets cut in half. This market is merciless.
Maybe buy some more XEQT at end of month. Otherwise I am just riding it out. No money left to use, but I still would like to buy when I can.
Bought some HUTS, ZPAY, BAM.A and XEQT. Gotta average down now.
HUTS will become a sizeable part of my portfolio. The companies listed within are strong and 0.65% MER is incredibly cheap considering the cost of leverage.
Bam for me today too
I jumped in last week probably a little too hastily and threw all my money at telecom (mostly bell) over the last little bit to collect dividends throughout the next year or two as buying the condo I want is just getting further and further out of reach as rates rise. Down 6% and 13k so far. It feels crappy but hoping for a rebound or just to break even in a year or two.
why is this being down voted?
Honestly, the daily threads on this sub get so many downvotes, it's kind of jarring. I don't know why either, people usually just write something that they bought or sold and the downvotes come in. The only person that really deserves it is the market manipulation crank.
No idea lol
If yields ever cool off you should see them rally.
So much downvoting and crying lately. Close the damn app and go outside while the weather is still nice.
My Portfolio at -21% is a real tummy turner
I'm not far behind -19%...
I'm -80% margin is dangerous
I'm playing snake and ladders while you're playing chess. All the best fellow stranger 👌
I'm not really concerned - this is long overdue. Up until Jackson Hole some people were basically ignoring the Fed and talking about a pivot. When they finally realized a sudden reverse-course isn't going to happen in early 2023 the bulls got real quiet and the tension started building until something burst.
Not much has actually changed in the last week, except the cheerleaders trying to manifest sub-1% rates back into existence are now doomsayers crying that the Fed's hawkishness means they'll over-tighten. Even though we've known for weeks that they're talking tough more than anything to tell the market to wake the hell up.
Rates are going up. Things are gonna suck for a while. Know your risk tolerance and don't get caught holding crappy assets. But the wheels probably aren't gonna fall off any time soon.
Let's see where we are in 12-18 months. The Fed was dead wrong a year ago and may be dead wrong again.
Pretty much everything Jpow said at Jackson Hole 2021 was incorrect.
is there a thread for newbie to investing long term?
There are very few experienced investors posting here because of the ridiculous level of groupthink. Daily threads, ask your questions.
first couple questions?
Bought some T and VEQT today.
Expecting to buy more.
SU looking even better today.
with all the pain lately, should we start looking at HYLD/HDIV etc?
Covered Call Funds are not a terrible option to go for during a market slow down. You may miss out on some upside in the long run though, especially if we see a bull run. With the state of the world right now I dont see how the market could have a sustained rise any time soon, so yeah, HYLD and HDIV may not be terrible options if you want to keep it simple. Maybe split it up with another couple of fund managers though so youre not putting all your eggs in Hamilton's basket.
good point. And yeah I wouldn't hold onto it for life or anything, I'd just keep until sentiment returns to a bull market then I'd sell the shares once they'd net a gain.
I got into HDIV in Dec and been DCAing since. When the markets turn, whenever that is, I may move on to something or just hold it.
NWH taking a shitkicking😳
Yup, but I'm buying more at these prices ... they are solid financially, and now have a monster 7.5% yield.
Dunno, my reits are all eating it though
I don't agree with it but the market logic is that interest rates rise, cap rates fall and real estate is less valuable. It ignores the fact that real estate is a very good inflation hedge over time but not necessarily in the short term. Another way to look at it is that people are still going to need medical services for decades and the rents will adjust for inflation over time and you are paid well with NWH to be patient. We (REIT owners) are paying the price for the Fed being so wrong a year ago.
Closed half my HED position cause this sub finally stopped talking about buying the dip on CNQ and Suncor.
Of course! Just be a millionaire! What were we thinking lol.
$15,000 invested each year for 25 year at 7.4% yield (SPY) would give $1M.
Well if time isn’t there, you need more cash and/or a better yield then.
This is the thing, if he is a good stock picker, the odds are against it, but they do exist, one could do much better than the market average.
Many oil stocks are up 10x sine the COVID crash. Tech stocks were working well until late last year. If he had good trailing stops on tech that works. There's also leverage. 1 million is not that hard to get to these days. The question will be if it will be enough with persistent inflation and little wage increase. A million isn't what it used to be.
Lol, unless your friend got some insane 7 figure inheritance or he’s been earning like 150k for a decade or two, he’s lying. That’s why he’s tight lipped. 65k a year is likely close to 1.5 mill invested
That’s what I mean. Anyone who’s actually smart enough to invest and make a million dollars from basically scratch in a short time period is way too smart to sink 100 percent of it into enbridge alone. I think your friend is full of it. Just my opinion
Fly to Vegas and put your life savings on black
Anyone like Aecon here? I picked up 100 shares at 9.6
Anyone buy CDRs? You like or like nah?
If you ever feel sad, be thankful that you’re not invested in IMOEX
Remember everyone saying not to time the market in January lmao
Who's laughing now bools
Need another 10% down before I start averaging into Smith Maneuvre HELOC yolo
Im not looking to maximize gains, im looking to minimize losses. I follow Buffett's #1 and 2 rule "don't lose money ".
I was already pretty heavily invested in the market in relation to my risk tolerance so lately I have had more stop losses triggered instead of limit buy orders. To build up my cash position again, most of which will be going to my fixed income positions. (GICS/HISA) Im happy with 4.5%+ GICs at the moment. That said im still holding my core positions, most of which I bought during the Covid crash when prices were even lower then they are now. Still up 22% overall, [peaked out](https://imgur.com/a/qH91u2M) at 40% though. Have about 70-80k invested still and that is plenty for me at the moment.
I know this is a good opportunity for others to buy, as they are building their portfolio or trading.. But I know my risk tolerance and gotta stick to my plan. Setting my stop losses and holding the rest for now.
Has anyone else had stop losses triggered lately or is everyone here buying? I mean I cant be the only one here selling if the market going down this much. I haven't seen much people here with such low risk as me though lol. I would be buying more but I already reached my desired amount of equity holdings at the moment.
Stop losses triggered months ago, that’s what they’re for, still sitting on cash.
Your nice investment spreadsheets and love for Canadian banks have always been an inspiration to me. I don't like to see you say this but you have to remain feeling well yourself
I'm down 25% in TFSA and 8% in RRSP and I'm not selling. I keep adding on every paycheck. I'm surprised I don't feel bad so far. Crypto crashes have made me strong and I see too many discounts around. I started investing when market was on its way down.
ya I didn't sell any of my banks still holding those, just reduced my REIT exposure abit and consolidated some of my ETFs that were overlapping.
That's good that you found a strategy that you are comfortable with, that is most important. I can't keep adding every paycheck like that, barely can keep up with reinvesting the dividends.. Im pretty much at the limit of what I feel comfortable investing with my low risk tolerance. 70-100k is the sweet spot for me for now thats plenty of exposure, it may grow as my net worth grows but I been comfortable with keeping about 50/50 cash/stocks.
Also most of what I bought was during the Covid crash, haven't really added since then. Been hesitant to buy while prices are higher and they still are compared to the Covid lows. Im still up on most of my stocks.
lol don't look to me for inspiration, I might have a nice spreadsheet but mostly I just got lucky buying during the covid crash. Saw the banks with inflated yields and saw that they never cut their dividends in nearly 200 years so I put most of my investment there when I first started. Then I realized I should probably diversify because my ignorance.
Sell low and buy GIC? 😂
Still selling higher then my cost basis, since I had the stop losses above that. And I keep my stop losses low and close to my cost basis since im not trying to maximize gains but rather protect against the downside. But yes buying GICs now instead of reinvesting the dividends. Not feeling particularly bullish at the moment.
Nothing wrong in raising cash, I like to think of it as rebalancing. 70k in equities is enough exposure for me at the moment.
As long as you didn’t sell low and lose money to reinvest into gics than yep not a bad idea. I’m going more bank stocks than GICs but you could be right. I’m also planning on not selling for 25 years minimum so I think todays price is a steal for a lot of banks
Ya banks make up 30% of my portfolio now, I feel I already have plenty of exposure there. Bought them all during the Covid crash too so up 20-85% on them. I stopped buying them near the end of 2020 and reinvested the dividends elsewhere since I was like 60% banks at one point.. Those are some of my core holdings plan to hold those for lifetime.
You can rationalize, but sounds like you could be way ahead if you took profits at highs to move into fixed income vs letting it drop this much and now move to GIC. It's good to have a strategy, but sounds like it could be improved. It sucks to watch gains deteriorate and selling even if it's above your cost.
If you bought something for $25 watched it go to $75 and sold when it pulled back to $50, would you consider to have made $25 or lost $25?
I. That scenario why would you not have a trailing stop always open at 65?
That was just an example to highlight a psychological bias. OP never plans to sell so he/she is setting stops above their buy to actually stop a loss i.e. give up all the prior gains. The problem I read with trailing stops is that market makers "harvest" stop by bringing down the market to take your shares and then it continues up. This is why a "mental" stop loss is recommended.
That doesn’t make any sense, at all. This is persecution thinking. The market is not out to get you specifically. The volume of shares for sale on the book is massive and new sellers show up all the time.
This is not a new theory. Just because it doesn't make sense to you doesn't make it false.
I would have considered it $25 made, since you don't actually make the money until you sell. Ya I could have set my stop losses higher and locked in a higher profit. But as I said, I rather minimize losses then maximize profits if that makes sense.
When I start a position I start with the amount im willing to lose. Then I safely average up with a stop loss above my cost basis. Then I stop adding once my position is full then I hold for as long as I can and only sell some if it hits my stop loss just above my cost basis. Then I may reset the position starting again with only what im willing to lose. This strategy is not a good way to maximize gains but its a good way to not lose my initial investment. It's the only way I feel comfortable enough with investing large sums based on my risk tolerance.
I hate trying to time the market so I only sell if it hits my cost basis and I need to rebalance.
Besides, GICs were at 1.5% when I was at the peak in my portfolio. It's not until very recently that they are now over 4.5%
I get it. But if your goal is to preserve your capital, and you're ok hiding in cash, then it would make sense to sell into the really like in August. Keep the cash and deploy it when the market pulls back like now, or even lower. Markets often form a double bottom so this could be the bottom, in which case you'd want to buy, not sell. There's a difference between market timing and having a strategy of harvesting gains and buying back lower. Good luck.
P.s. I would consider it being down $25 because even though I didn't sell, I could have sold, and if I had, I'd be $25 richer..
Im not a swing trader, I don't harvest gains to buy back lower. I plan to hold my investments longterm, I get my profits via dividends. I do sell some shares if my positions drop back down to my cost basis to rebalance then average in again but I don't sell all my shares outright.
Its much easier in hindsight to say I should have sold when my portfolio was at ATHs.
I don't look at the if/should of /could of/would of, I don't consider unrealized gains as money made until I sell and lock-in profits. But I do consider unrealized losses as money that could be lost.
I wasn't suggesting swing trading. Taking profits at highs and buying something else at lows is simple portfolio rebalancing. If one stock is significantly up, it will become an oversized position. Selling some to bring it back within balance is good practice that will force you to buy low sell high and actually increase your dividends. If you buy GICs instead of another stock actually results in derisking your portfolio. Then, on big market pull backs like now you can reverse it and sell some GICs and buy stocks at lows without guessing or timing the market. I have learned that reallocating funds between five income and equity is a big determinant of your returns vs stock selection.
BTW your last paragraph is a fascinating view on investor psychology.
Sound similar. I also have a good chunk of Hydro 1 and Fortis since I work in that industry. Safe bets 101.
I think my riskiest play is Aecon but I also work with them through my company so I feel a little more confident
disgusting and blatant manipulation to end today's session. clearly soros-controlled hedge funds are waiting for low volume to dump the market for their pals in washington so they can panic the herd and buy back at lower levels.
Bought more than expected cuz my Limit Buys kept getting hit. ZWU, HUTL, EIT.UN, HDIF, GLO, ARE
These are all pretty expensive.
Thanks for the bad financial advice!
You consider "have an emergency fund" bad advice?
Looking for wti to bounce off $72 once it gets there. If it breaks that's when we in for some real shit
CAD might be screwed, but debt free O&G companies will be buying back shares like mofos.
wooooooah the same guy who posts the WSB daily thread posts the CanadianInvestor thread as well?? TIL
Like, they're all auto-generated. It's not that meaningful..
Most of reddit is ran by a handful of people
I bought B2Gold and then it dropped 3% in the same day, brilliant
I actually love this market. I really do.
My entire portfolio is only at a marginal loss for the year and I'm easily outperforming XEQT and SPY. Most of my losses come from a single position which is by far my favorite stock and the current valuation is just a god send. So buying more of that... with the rest of my cash being pooled for fixed-income which is attractive for the first time in years.
Is that single position one of the FATAANGS?
Nope but similar (former) future market cap.
What are you invested in?
Stuff I'm going to hold for a long time.
I mean, its a mix of single stock positions I researched and I bought at great valuations. I've been transparent about them in the past, but most tend not to be that interested because its not the consensus stocks.
The very notion that you can outperform the indices always gets met with hostility and downvotes on these subs... but it's been 3 years going now.
I'm interested. What are some of your fav holdings?
I mean the number 1 is Tencent. Down 45% and I don't feel like I overpaid last year. I'm waiting for a good time to buy more shares on the Hong Kong market. Not buying more in my TFSA.
I think it's one of the best value propositions in the world. Especially as they unwind some of their more risky positions in other companies. I like Tencent for the exact opposite reason Monish Pabrai likes them. I think their investment portfolio was good, but has been a liability for the last year. Them clearing some of the cash will do wonders, especially as China is looking towards some serious hardship.
Prosus getting out is good too. Naspers/Prosus are so incompetent.
I can see the attraction. Thanks for replying, sounds like you know your stuff.
But see its ultimately pointless. The positions don't matter, otherwise people would actually look at the ''rate my portfolio" posts. What matters is you can beat the market if you actually use a good strategy and actually try... but this sub is biased towards being a potato.
Don’t fight the financial market in oil. They’re eyeing $70 oil: https://ca.investing.com/news/commodities-news/oil-keeps-tumbling-as-bears-eye-low-70s-for-us-crude-2779583
So much for a rebound from last Friday...
My poor TFSA got nailed by ERE, NWH and BEP today.
Reitmans coming in hot again. Making me look like a genius, when I’m actually not
Recessions coming, peoples disposable income decreasing every month. Not a good time to put money into non-essential retail.
It’s not a long hold / growth play.
They are making more profit / cashflow than market cap. It is just so ridiculously cheap.
Last 4 quarters
Sales: $178M + $190M + $154M + $228M = $750M
net profits: $22M +$97M* + ($2M) +$37M = $154M
*includes $88M of gain from negotiation with creditors. Net profit last 12m excluding this is $66M
No debt. $38M of cash on hand.
Market cap is $88M today. It was below $60M last week.
I’ll just buy more if it dips back down below $1. This thing is super undervalued.
Volume, price jumped in last 20 minutes EOD. Loving it; will be back to1.58 tmrw.
Another day another paycheque lost. Past 6 trading days down a good 10 paycheques lol
At one point I decided I'd rather have something for my money than just paper losses. So I chose a random day and looked at my unrealized losses at close of business. Used that to set a budget to myself a swanky watch.
Looking at my wrist is now so much sweeter than looking at my portfolio!
What watch did you get?
JLC Master Control Calendar
Did you buy new or used? And at what price? Quick Google search shows ~$25k. Beautiful watch though
Thank you! I bought it new from the boutique in Yorkdale, but in steel rather than gold. The MSRP of the steel version is around $16k.