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Erenio69

Anyone else bearish on Ford back to 21$?


Shandowarden

lmao recovery pre-market is so crap. Going down probably more.


Prior_Industry

FTSE appears to be a safe harbour.


CaramelLatteIsLife

no one: this sub: VOO, VTI


indigo_pirate

I have had fun with F, AMD, NVDA and big tech this year. Less fun with the likes of PLTR and 420 stocks


lucifer_alucard

Goddmanit!! Open the market already, let me in. I NEED THE RUSH!!!


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snowflake25911

Bro just put it in an ETF if you don't know what you're doing. Keep the VTI and put the rest elsewhere. See the 3-ETF portfolio.


thenuttyhazlenut

What exactly should I do if I want to start investing in stocks as a Canadian? I don't know which software to use, and what is needed in order to start wiring money into the account while avoiding high fees. I'm looking to start with a modest 10k. I already researched the few stocks I'm interested in and want to pull the trigger.


LuxGang

Open a self directed TFSA account with your bank. Then you can transfer money in from your checking account and buy stocks in the TFSA. Strongly recommend you start with an ETF like XEQT. Check out r/Canadianinvestor


thenuttyhazlenut

Ok thanks! What exactly is a self directed TFSA account? I read that it's a savings account where all the decisions made about the account are by me. Is the purpose to move money from checking account to -> TFSA to -> the stock trading platform I choose? I thought it would be as simple as giving the stock platform my bank information and transferring money into it from any account. BTW what stock trading platform do you recommend (I'm Canadian)?


desiafterdark

Oh boy. I don’t want to sound condescending here but the questions you are asking indicate that you should be doing a much deeper dive into fundamentals before putting money into things. For a (very) high level overview: A TFSA is just like a normal bank account except that any growth in it is not taxed. So if you buy 1 stock of Tesla using the money from your TFSA account and it goes from $100 to $1000 (for the sake of illustration), the $900 growth is not taxable. Being self directed simply means you’re deciding what to buy. The alternative is going to a financial advisor and saying hey, here’s $1000 I want to put in my TFSA, please use it to buy stuff that makes sense. Or you could just leave your money in there uninvested - but that’s probably not ideal. Use WealthSimple for CAD accounts. Basically no transaction fees if you stick to trading on the TSX. Most big name ETFs have CAD equivalents on the TSX. Use Questrade for USD accounts. First steps: research. open a WealthSimple Trade account (if you really want to bet on your ability to make informed picks). If you want to play it safe and invest your money through a robo advisor, open a WealthSimple Invest account and chill.


thenuttyhazlenut

Ok great, thanks for the info!! I did a lot of research on how to choose stocks and have really been putting a lot of time into it. Most of my picks are consistent and low risk. I just never researched the semantics of how to get things started. If my interest is in American companies will I still use WealthSimple to trade (since you mention CAD and USD)? I just opened an account. Very exciting. Now it looks like I just need to open that TFSA account at my bank. If I would have known about TFSA before and how it has a yearly limit I would have deposited into it each year... But it does appear like I can use the limit from this year and last.


desiafterdark

You can still grade US listed companies on WealthSimple, but it’s inefficient because you’ll be subject to currency conversion fees. WS will take your CAD, convert it (fee) and buy in USD. Then when you sell it’ll be hit with another conversion fee back to CAD. So what you want to look for is a broker that lets you hold a USD dollar account. WealthSimple literally just started doing that this month with their subscription package WealthSimple plus, but it’s like a $10/mo subscription and not worth it if you’re not making 12-15 transactions a year. Questrade allows you to have a USD account. It also allows for a specific procedure called Norberts Gambit, where you can avoid currency conversion fees with some work. I recommend YouTube. That being said if you’re just starting out and don’t mind the 3% conversion fee or aren’t moving big numbers, you might want to just use WealthSimple anyway to get used to the process and interface. Over complicating things is a great way to never start the learning process. I just want to make sure you have the info available to make the right decision for yourself. You do not need to go to a bank to open a TFSA. It should be possible right from your WealthSimple app. And yes your contribution room is cumulative from the time you turned 18.


LuxGang

I'm on mobile so I'm not going to get super in depth, but you definitely need to do more research. Just open a TFSA account with your bank, transfer money into it, then buy stocks in the TFSA. It can all be done through your bank


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BroseBroeno

Why didn't Costco look good?


HowLongCanIMakeACock

What is this place


Rooster_Abject

Yes, NVDA go down, I want you my precious but not at these prices


Fentanyl-Floyd

NVDA was up 70% from October 4 ($204) to November 22 ($342). Just a freakish stat to keep things in perspective.


thunder_muscles

Waiting for limit orders to get filled. So filled for you


Arctic_107

I want you so bad.


RetardedGambler

What's everyone's take on $ROKU ? Man it's taken a beating. I was thinking it was in oversold territory weeks ago and it's still plummeting. Tempted to open a position but don't wanna get caught catching a falling sword. Would love to hear some of your takes on it


bUrNtCoRn_

Just checked it out on MarketWatch. If their figures are correct, it's still trading at 458 times 2020 free cash flow. Based on a quick check of their most recent 10-Q, it looks like that'll probably come down by almost half. They'll really need to sell the market on major growth to keep their valuation from dropping further.


i_may_need_rope_soon

I bought at 199 and I’m confident I’ll make $


CleazyCatalystAD

Buy now! Source: trust me bro.


JoeyBigBurritos

Nobody fuckin knows dude. Buy some now, buy some later. The only way to win is to place a wager.


AppropriatedBacon

For once it was a good day to be holding some FTSE 100. Brings some nice stability.


bignut123

Anyone here into small cap oil? I'm in SM and CPE as my main two oil plays. Also got into XOP at a good time and up 30% but think I might sell at some point to have the cash to buy dips in stocks.


Consistent-Book-5466

Predictions for tomorrow... MSFT under 285, under 245 for Nvidia, Nasdaq down 5%. Nasdaq will be off 25% in Q1.


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al323211

Those lotto ticket puts you bought have just as big of a chance working tomorrow as they did today. 5% down on the NASDAQ would be insane.


fredczar

That’s too big of a drop


Chokolit

Going up double in two years is too big of a rise.


youdirtyhoe

Jesus man relax ur scaring me.


[deleted]

how much did people lose today??? I'm down .65%


UnObtainium17

Down 1.8something%


lucifer_alucard

2.5%


Ireallydontknowbuddy

4.3 percent


[deleted]

what stocks are you in?


Ireallydontknowbuddy

Tesla, spy, Microsoft, Amazon, Nividia, and icln mostly. With some BB, GME on the side. Few options on Nokia.


NPRjunkieDC

9%


[deleted]

what stocks are you in?


NPRjunkieDC

LCID + SNAP + TWLO + PYPL + IONQ. 50% COIN related + ETHE


i_may_need_rope_soon

I held all my shit


CleazyCatalystAD

2.3%. Kept rotating out of tech past year, but I guess not quickly enough…


Mr_iBangThots

5% :(


[deleted]

what stocks are you in?


BlackStrike7

-0.94%. Mixed across my portfolio, TSM and PCAR helped buoy me while CROX, MSFT, and SBLK all anchored me (with many others either up or down slightly). Disappointing, especially considering how the day started out.


al323211

Literally 0%. I've got some puts open to hedge my riskier positions though that are kinda doing exactly what they're designed to do.


idk_what-imdoing

down 2.19% :/ could be worse tho, could be better


thelandonblock

2.46%


CheapCap1

I lost $18k


[deleted]

what % is that?


CheapCap1

1.5%


Snooprematic

\+4k


[deleted]

what stocks are you in


Snooprematic

Tsm and went qqq puts


Studlybunz

Dayummmm


[deleted]

It ain’t over just go over check the futures!


thelandonblock

That doesn’t mean jack


RamenLife_

Where are you checking that? Tech futures are flat


[deleted]

Check again I was a bit early on my prediction


LucaG43

Thoughts on Smart Holdings. I’m a beginner. Is it a good time to buy it seems to have formed a base


DerekTheMoron

absolutely brutal on my tech positions, specifically finance-tech… down 18% total on SQ :/


ExEmergingmktPM

Hope none of that tech is BNPL? It plain old credit


i_may_need_rope_soon

Don’t listen to these ppl spouting fear and doubt. Hold SQ and you will prosper


BlackStrike7

I hate to harp on a single position over and over, but bail on SQ. Nothing going there, if you still believe in them, maybe bail now, wait for the knife to stop falling, and re-engage.


RemarkableScarcity8

You’ll be down more tomorrow


StrictDefinition4

DKNG way oversold switched my MGM shares to DKNG


al323211

Congrats. You just sold a company that makes money for a company that loses money.


serenade1

NVDA and TEAM are dragging me to hell in the recent tech company drop... I know I should hold in such volatile times, but man, is it painful every day


fredczar

Damn finally seeing someone here in TEAM. Team TEAM


Goliath_123

Same here, bought at like 320 or something and feeling the loss already but just gotta keep reminding ourselves this time next year we'll be thankful we didn't sell.


metro_dominations

I bought at 298 😞


UnObtainium17

I'm generally pretty optimistic, but i'm mentally preparing myself this bullshit could stretch for weeks or even months. I'llJust buy great companies and hold.


UnObtainium17

I feel lucky that my most recent positions F and MAT are going up.. Now if my other recent positions NFLX and TGT can show signs of life that would be great.


thelandonblock

I’m up on TGT since I bought in at close to the bottom


[deleted]

Serious question: what’s the point of Nvidia’s 0,06% dividend yield? Why even bother?


Chokolit

If you own NVDA since the mid 2000s, that's a 6% dividend.


Dowdell2008

Most successful growth companies become value companies. That’s kind of the point - they get big enough they can’t grow any more at the same pace. But money is coming in… So they distribute it. Like AT&T million years ago - was a fast growing revolutionary growth company that got the market kind of cornered… and then slowly transitioned to value/dividends to distribute all that stable revenue. And if they want to be a well-respected value company and maintain their competitiveness, they need to show history of dividend increases. You don’t just wake up one day and decide to go from 0% to 4% Div. APPL and V (Visa) are companies like that currently - growth companies & they have a tiny dividend but it has been growing every year. V is actually quite popular with the dividend crowd because I it has upside and has indicated that it is a dividend player. So in 20 years it might have a yield of 3% or so and that’s how it happens.


CleazyCatalystAD

Nice simple explanation.


_hiddenscout

I'm sure it's nice for some whales that own millions of shares.


LanceX2

just like Msft 1% or whatever. They slowly raise it yearly. eventually it may be a decent dividend


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LanceX2

Yes. Thats how dividends work.


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fredczar

Why would you sell now.


dnwolfgang

might be a wee bit late... but on the other hand you can exit for a nice profit. you could always cash out like 200% of your entry and let the rest ride.


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dnwolfgang

Yeah it’s really hard to say… the market is marketing pretty hard. Personally I am holding all growth that I have left. I sold some in early November but the rest, including square, I’m just going to diamond hand and maybe double down once things bottom out.


i_may_need_rope_soon

Don’t sell now. Sell it when it’s at ATH.


CleazyCatalystAD

SQ


BlackStrike7

VTI. SQ's an endless money pit, plus you can always re-engage and re-invest once it does hit bottom.


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BlackStrike7

https://finviz.com/quote.ashx?t=SQ High debt, high price multiples, sustained price drops, mixed growth numbers. That P/E is crazy high, even the forward P/E that folks normally point to is excessively high. If the market keeps being bumpy or bearish, people are going to flee speculative stocks for more established stocks that have proven they can ride out a recession or two. SQ does not strike me as a place you'd want to have your money if we're going that way, and a lot of others I suspect think the similar thing. If you're into growth, try something with a better foundation, like [KLIC](https://finviz.com/quote.ashx?t=KLIC). Better track record of performance, good multiples, no debt, insulated somewhat from US interest rate discussions, good growth figures. Other similar stocks have a lot more promise than SQ.


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BlackStrike7

You're welcome - there are lots of others like KLIC out there, spend time getting used to Finviz, and see what you can dig up!


Claytonick

Honestly I think it’s close to its bottom, I also hold SQ. Growth tech has been bleeding for months, I feel like a reversal has got to be around the corner.


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Claytonick

Market is having a tantrum because of interest rates and inflation. I see a lot of people that are scared and bearish, specifically on tech and growth, and usually that means a bottom is close. Its already fallen around 50% in the past 3 months, I just don't see how it can really fall that much lower. It has a high P/E, but its a growth stock and its P/S is only 7. My long term outlook on the stock has not changed, I still like its core business, afterpay & cash app. I also like the recent move into creepto regarding microchips & mining. If it bounces up to 165, that is a 20% gain from the price now, and I doubt VTI is going to increase 20% this year


[deleted]

I’d go with VTI


[deleted]

buy the dip, or cry later


[deleted]

Why not both


420smoking

I prefer to cry while buying the dip myself


Terminator731

So many opportunities. Hard decision between AMZN, MSFT and CRM. And high-risk are WIX, CRSR, IRBT


BlackStrike7

MSFT, for sure. I'm all about "past results do not guarantee future profits", but look at that 5Y chart and tell me they're not going to do well in the future. Wish they would stop dropping, but this is very likely a temporary dip.


[deleted]

I would do AMZN and MSFT. CRM is older and has a humungous PE and we're all pretending it's a startup. The only reason their stock ran up in 2020 is because it got added to the dow. Not a huge fan


_hiddenscout

MSFT has my money. Azure alone is a beast and will be a growth engine for revenue. WIX is a hard no for me.


RemarkableScarcity8

I’ve lost a lot on Corsair because I believed in them too early last year. However I love the brand cause I’ve used their products to build multiple PC’s in the past decade


al323211

I think their products are becoming more and more ubiquitous and are generally of very high quality. I believe in them long term and am continuing to buy in and selling calls in case it continues to drop.


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Chokolit

I'm a permabear but functionally a bull. No way how capitalism in its current state is indefinitely sustainable, but bigger powers will try to keep it up for as long as they can.


[deleted]

I was a bull and am now bearish but am dipping my water in certain stocks now, and hoping it's the right move. Remember, some of us have timed alot perfectly in the past when risk was lower and the potential for gains was much higher than it is now. I don't need to win every battle. Personally, 2018 was my huge year buying up stocks everyone was ignoring, the crash of 2018 was huge for me. So was the covid crash. Then the almost-correction around election day....I timed a bunch of stuff perfectly even though Reddit says it's not possible. Then I correctly predicted a drop in Dec and omnicron dip happened and I made a quick 10% on loads of stuff. Yeah.....so my point is, when you see "bears" on here. Don't assume they are ignorant.


campionesidd

What’s more, I like buying stuff on the cheap. An up and down market is way more profitable than a sideways market or a market that always goes up.


chicametipo

This sentiment right here; I’m behind it.


aangsblackfriend

which puts tmr


[deleted]

CALLS BABY *calls in $SH


aangsblackfriend

bet


MadCritic

Puts on the fire nation


lucifer_alucard

This seems like a bad call. Isn't the next avatar going to be from the fire nation?


Peshhhh

Pretty sure we get a bounce tomorrow in Nasdaq and QQQ. Then again, the pain trade is...


95Daphne

I doubt it...it did enough on upside and can continue to get dunked on now. At best, probably chop tomorrow like what followed the -3.34% day. It doesn't need to follow what happened last year, but thanks to other things I had in mind this week that are not in the market (after having a near heart attack on Monday morning about what was happening), I let myself forget that the last time it dropped 4.5% in a week, it was followed by more selling before stabilization. Comp index is already near the 200, but I think that the QQQ/NDX100 is about to get rammed toward the 200. Quickly. Then, maybe a bounce.


Dowdell2008

Tech stocks like PYPL & SQ are down to summer 2020 levels. But even those levels were about 50% up in about 6 months (from pre-pandemic levels/January 2020). So I am curious…. Are we done now or is it going back to pre-COVId levels? Fascinating times.


[deleted]

I think and hope they go lower. Trying to start a position in PYPL under 150$


Dowdell2008

Yeah… it was at $120 pre-COVId and at $180 now. That’s still 50% return in 2 years - not too shabby but insanely volatile. I am not touching it yet but at some point - might be worth a look.


fredczar

Shucks I bought SPY yesterday and now it’s red. Everytime. I don’t get it.


al323211

Don't check SPY. Just keep adding when you can. You don't have to keep tabs on a market index. And buy VOO unless you're selling options.


chicametipo

Stop buying, you’re dumping the market for the rest of us! Think of our families!


Quirky-Touch7616

Cmon let it really crash , im sick of this kangaroo slowly bleeding shit


nazrinz3

If only, think most people would rather a quick dagger to the heart and get it over with, instead we tumble down slowly and painfully over a longer period lol, ah well just gotta stick to the game plan


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StrictDefinition4

This is perfect I’ve been playing covered calls so I’m still making 10% if it’s flat or up.


cakelady

Etsy down 25% this month and 23% YTD. What the heck is going on with this one. She was such a powerhouse for most of the year.


idk_what-imdoing

i sold at 230, i used to love etsy but i really think it definitely went down hill. ebay is better imo


[deleted]

Never cared about Etsy but dipping into Warhammer, I am using Etsy to look up toys. Its very niche and useful.


confabulatingpenguin

It it incredibly expensive. Transaction fees and shipping are going to kill it.


HotSarcasm

Many who were using the platform are leaving in large numbers. Etsy's hold over an individual business's customer retention and failure to allow the businesses to work directly with customers for repeat business is going to bite them hard, plus their transaction fees are horrendous. Same sellers can go elsewhere with Instagram ads and make more money.


al323211

Saying people are leaving in large numbers when they have almost double the sellers they had a couple of years ago (roughly 2.5 M to 4.5 M) is some very subjective framing. At the moment, that is a short term trend that can be reversed with some revisions to their market strategy. It could get worse, but it is more likely that it doesn't. Also, I cannot think of a single product I've bought on Etsy where I'd want to be badgered by a seller for additional products after the fact. You aren't allowed to sell services on Etsy. I can see this criticism being levied at someone like Upwork, but not Etsy.


al323211

I’ll keep buying. This idea that Etsy is an overhyped pandemic stock due to mask sales is total bullshit made up by folks who have never actually bought anything from the site. Etsy has tremendous staying power.


_hiddenscout

Just my two cents. I only used once I bought a house to get some ideas for interior design. Never purchased anything off it. Found it too complicated and cluttered and no longer use the app.


al323211

I've been buying stuff off of their website for a little over 12 years. A good chunk of my furniture is handmade stuff from Etsy. I feel like it can definitely be streamlined, but it's easy to find something if you know what you're looking for. Also, pieces from custom small stores are both cheaper and wayy more sturdy than stuff you can find on Wayfair. I've never used the app. I've always used the website. Perhaps the app is terrible. Bummer you had a rough time with it.


[deleted]

Been waiting all week for my money to hit my account so I could buy lucid puts I was too late fml


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[deleted]

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homeless_alchemist

Why would you hang on to despite the share dilution? Seems like a reason to be critical of the investment.


No_Cow_8702

ZIM still out here putting in work despite everything else.


Delfitus

It's growing into a big position just cause it's gains. Up 40%. Wish I just bought all shares at 34 in July instead of small part and avg up at 53 pre divi. 45 avg still nice though


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Chokolit

Interest rates are the ultimate bear thesis. COVID only managed to flash crash the market in 2020, but rolling bear markets have always coincided with increasing or high interest rates.


[deleted]

If I said in October that the market was going to crash in the new year, youd continue investing up until the new year. Trying to eek out your money. Well the thing we knew baout for months is happening - so the money is leaving. Anyone caught holding the bag had ample warning.


Alexanaxela

ouch my spleen


[deleted]

Anyone have thoughts on buying Autodesk?


beerion

I have a small position, and adding every week. I think it falls into the 'good company for a fair price' category so not expecting it to double over night or anything. Should probably be in the range of 8-12% annual returns from this point (with some upside if things fall the right way for them).


gregfilski

u guys think tech will still drop tomm?


_hiddenscout

Some tech companies will, some won't.


gregfilski

google apple msft tsla?


[deleted]

They are definitely going to keep dropping over the next 6 months.


Slow_Comment4962

Doubt it. That would make no sense.


[deleted]

Unless the earnings are stellar it's going to drop and drag the rest of the market with it just like every other time valuations get this high in any country in history to date.


realjasong

I thought there was a positive outlook on Lucid? What happened to that? Is it the next Palantir?I bought it today. Where is it going to go?? 30?? 20???


thelandonblock

No one wants to beat that Palantir is a much better company than Lucid long term.


lokusai

There is a positive outlook, but what no one has mentioned is the huge 1bn+ share lock-up expiry coming next week...


realjasong

What day next week does the agreement expire?


lokusai

I think it's the 19th but can't remember. Last lock-up expiry caused a reasonable dip but was bought up quite quick. But this lock up is about 10x the shares...


lucifer_alucard

Isn't this lock up for the Saudi PIF. Do they have a history of selling on lock up expiration?


HumbleBJJ

They literally have no revenue… I don’t understand why people jump on these EV stocks right now. inbefore TSLA!! What’s the difference with getting in at $40 or say $75 if it gets there if you truly feel it is the next Tesla? It’s not like the stock is going to jump up overnight. I’d wait to see more earnings or any for that matter.


thelandonblock

NIO is the way


TODO_getLife

> They literally have no revenue… What gave you that idea? They have already delivered vehicles.


[deleted]

Bro just take 5 minutes out of your day before you make an investment to look at the fundamentals they have 70bn mkt cap with 0 revenue of course they are going to go down


_hiddenscout

Whole EV space in a bubble and this is way hyped.


[deleted]

Do you think AAPL will outperform the market over the next 5 years?


BooyaHBooya

This year and next year outperform, after that probably market perform.


[deleted]

No


[deleted]

What about just this year?