Stocks

[GreyGhost]

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It's amazing how many Canadians don't realize that if both partners receive the max CPP and one dies, the surviving partner gets nothing of the deceased CPP other than the death benefit. IMHO thats criminal.

Cpp as a whole really approaches criminal. Returns under inflation, no return of invested capital, death benefit hasn't changed value in decades, death benefit is taxable, spouse often gets nothing, ypu are required to make contributions even if you have already maxed benefit, etc etc. Just another government bureaucracy to spend billions on while fleecing taxpayers.

The concept of a safety net makes sense. The implementation is beyond appalling and approaching a ponzI scheme. Cpp2 was added to ensure there are enough funds to meet obligations. Then they paid a bunch of youtube channels to talk about how good and stable cpp is and how it is stable for at least 75 years. Now run the numbers without a constant stream of extorted money and see if it is an investment or ponzi.

I ran the numbers for my cpp. Deposit money, wait more than 30 years, get back money with ~2% rate of return over that time. The only way I could do worse is if I left it in cash.

 

[Lightcycle]

I believe markets are pricing in an end to the Iran war. O&G trending down, everything else climbing.

I think I know what the Orange Turd is doing, he's waiting for end-of-close of the market day and week to either turn down the deal on the table and/or escalate the war this weekend so he doesn't spook the market.

Gonna pull a Trump Trade based on this. Will see how this plays out early next week.

 

[raginduck]

I believe markets are pricing in an end to the Iran war. O&G trending down, everything else climbing.

I think I know what the Orange Turd is doing, he's waiting for end-of-close of the market day and week to either turn down the deal on the table and/or escalate the war this weekend so he doesn't spook the market.

Gonna pull a Trump Trade based on this. Will see how this plays out early next week.

Market is closed.. so you mind sharing your idea?

 

[Lightcycle]

Market is closed.. so you mind sharing your idea?

Sold into the rally. Sitting on a pile of cash right now waiting for the pullback.

If Trump calls an end to the war over the weekend then I've left a lot of money on the table. If he escalates, then I'll buy back in when market exuberance dies early next week.

Too chicken to go all into O&G right now.

Caveat: I've been wrong many times before.

 

[Relax]

Has he posted any insider trading tips on Truth Social yet?

 

[GreyGhost]

I rebalanced a bit this week as RY was becoming too big a part of my portfolio and moved money to fill my TFSA. I have surgery tuesday so I want things in good shape in case they become my wifes problem.

 

[AllistonGT]

Best wishes for your surgery

I rebalanced a bit this week as RY was becoming too big a part of my portfolio and moved money to fill my TFSA. I have surgery tuesday so I want things in good shape in case they become my wifes problem.

 

[ReSTored]

Caveat: I've been wrong many times before.

You, me, and most people. Trying to time the market is brutal and pure guesswork and often dumb luck for those who do it right. As is said, a broken clock is right twice a day.

There's no doubt there is a correction coming, but when, how severe, and how long lasting is unknown.

On Friday my portfolio closed at an all time high. Do I hedge my bets, move to a cash position in all registered accounts, where a selloff has zero tax consequences, and just hold the non registered for the time being? Or do someting different, or nothing. Although I'm retired, my investment horizon is relatively long.

 

[Lightcycle]

I rebalanced a bit this week as RY was becoming too big a part of my portfolio and moved money to fill my TFSA. I have surgery tuesday so I want things in good shape in case they become my wifes problem.

Oh man, hope it all goes well for you and a speedy recovery!

 

[Lightcycle]

On Friday my portfolio closed at an all time high. Do I hedge my bets, move to a cash position in all registered accounts, where a selloff has zero tax consequences, and just hold the non registered for the time being? Or do someting different, or nothing. Although I'm retired, my investment horizon is relatively long.

Well, I F-ed up my non-reg portfolio (AND my TFSA ) , so almost all my networth is in RSPs, but surprisingly and despite that, NW at an all-time high on Friday.

Anyway, even if I'm wrong, parking the cash in a MM fund is not the worst move at this time.

Plus being all registered, no tax implications.

 

[GreyGhost]

You, me, and most people. Trying to time the market is brutal and pure guesswork and often dumb luck for those who do it right. As is said, a broken clock is right twice a day.

There's no doubt there is a correction coming, but when, how severe, and how long lasting is unknown.

On Friday my portfolio closed at an all time high. Do I hedge my bets, move to a cash position in all registered accounts, where a selloff has zero tax consequences, and just hold the non registered for the time being? Or do someting different, or nothing. Although I'm retired, my investment horizon is relatively long.

Near the beginning of this year I took some risk off. About 2/3 of resp into xbal and 5% of rrsp into brk. I hate holding cash so they do it for me. Both have underperformed badly but that is expected, they are there to catch the axe when it falls. Kids need the resp money in less than a decade and enough is now safe to cover tuition plus a bit more.

Overall, up about 14% this year. Not amazing but not terrible.

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