spcx
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spcx
You have other threads for that ****.. don’t bring it in here.
Oops…
www.forbes.com
Here’s Why SpaceX Stock Suddenly Took A Dive
Elon Musk’s rocket firm pulled back from a rally that pushed its market value ahead of Amazon and Microsoft.
www.forbes.com
^ The same thing happened to Reddit as I recall ... and then it took off again. You can either see it as a buying opportunity or not.
Regardless, I've got some play in it with the Nasdaq TSX ETF (XQQ.TO) but I think the biggest opportunity will be when the AI biggies go IPO, especially Anthropic ... with that one I may get in right at the get-go directly.
We've got a couple of young guys working in the office here and they're all about Anthropic's Claude ... crap I'd do in Excel they're using Claude for and new software we're looking into has to have AI capabilities or it's viewed as less worthy.
Regardless, I've got some play in it with the Nasdaq TSX ETF (XQQ.TO) but I think the biggest opportunity will be when the AI biggies go IPO, especially Anthropic ... with that one I may get in right at the get-go directly.
We've got a couple of young guys working in the office here and they're all about Anthropic's Claude ... crap I'd do in Excel they're using Claude for and new software we're looking into has to have AI capabilities or it's viewed as less worthy.
Oops…
Here’s Why SpaceX Stock Suddenly Took A Dive
Elon Musk’s rocket firm pulled back from a rally that pushed its market value ahead of Amazon and Microsoft.
Seen it this week? It’s back down to just above what it started trading at publicly.
My buddy bought a handful of shares at IPO and he’s ****** because apparently he can’t sell for 30 days or so. Not sure of details but he’s pretty upset.
WS or QT or one of them put in a penalty for selling before 30 days. You can do it but that locks you out of all future IPO's. The whole thing reeks and I am glad I am not a part of it.
I thought / read that the SpaceX stock bought at IPO cannot be sold within 30 days in the entire market...except by the insiders that had benefits and they can cash in on the retail investors?
Mind you I didn't pay much attention as I simply don't care.
Mikedezo44
Well-known member
I watch a guy on Youtube who claims he was broke and in considerable debt in his 40's due to divorce etc, worked in the middle east for some years and now retired in south east asia making videos (looks late 50's now) on living comfortably/cheaply living off of stock dividends on about 2k a month.
Really has me wondering how he's getting such a high return on dividends, by my math would need hundreds and hundreds of thousands of dollars tied up in these stocks and I don't think he did anything extraordinary/unique working in the middle east from what he has alluded to.
Doesn't have a house or car or any footprint in the US but still seems a little hard to believe.
Really has me wondering how he's getting such a high return on dividends, by my math would need hundreds and hundreds of thousands of dollars tied up in these stocks and I don't think he did anything extraordinary/unique working in the middle east from what he has alluded to.
Doesn't have a house or car or any footprint in the US but still seems a little hard to believe.
Working in the middle east, it's not that hard to make well over 200K per year (and no income tax iirc). Keep your head down, save >50% and your warchest can get big quickly. A decade of that can have close to $2M invested.
A lot of the dividend stock influencers are using covered calls funds to make >10% "dividend" yield. It works ok in the short term but long-term, you are cutting your legs off. In the event I die, the instructions I left my wife have her put $x in covered call etf's for immediate simple cashflow. I expect that pool of money to erode over time. That's ok. The key is she leaves the rest as it is and it will grow enough to take over.
He’s never said how he invested his money?
There’s ETFs that pay out 12-20+%.. Hamilton or harvest are a couple that offer high dividend paying ETFs.. BUT.. in most, probably all, cases.. those ETFs have high ROCs and are consuming themselves over time. Someone would get high divdends from it.. but overall their investment is not doing good.
hhis or hdiv or bank are examples of these types of ETFs..
keep in mind if you look at the yields on those right now.. at todays prices.. theyre not as high as they would have been a year or two ago when the prices were much lower.
My buddy went to Abu Dhabi because they needed radiologists there. His after-tax take-home pay was over 500K CAD a year, plus all expenses paid while he was in the UAE - free car, free apartment, free food. Two round trip tickets a year back to Canada for both him and his wife totally comped. He stayed a couple of years then came back and bought a house in Markham for cash, currently living mortgage free with a nice sports car in the driveway. This was well over a decade ago, salaries probably a lot higher now.
As for dividend income, to get $2K/month for a conservative 5% return, you'd need $480,000 in investments. With dividend tax credit, the first $50K in eligible dividends are tax-free, so no income tax on that $24K.
My neighbour who's lived in the Okanagan for decades cashed out his home equity at its peak during the pandemic. Easily 7 figures tax free capital gains on his primary residence. He's house-sitting for us and all our neighbours, spending a month or two in each of our houses watering plants and walking dogs while we're on vacation. Pays $0 in rent, while making bank on the interest or dividends on his equity. No idea what he's into, but even HISA's are paying 2.5% these days on one of the safest investments. His idea is to buy back in when the property prices crash. Home prices are trending sideways after dropping slightly from the peak, but whether it takes months or years, he's already ahead from 2021.
I know someone that tried that. He sold his big (>5000 sq ft plus pool on ravine lot) north york home for ~1.3M about 20 years ago as he thought valuations were insane and the crash was coming. He rented for about 5 years. At that point, his old house was worth ~3M. He built a much smaller house (~2300 sq ft) in burlington for ~1.3M. Whether he is ahead or behind depends mostly on what he did with the money in the interim. He is very conservative and wanted powder dry to deploy in the "inevitable" housing crash so I suspect he missed more than $1M in potential gains and the places he was renting cost ~triple his monthly costs when owning. You can win or lose on the game but like most timing plays, imo, it is mostly luck and the market can stay irrational longer than you can stay solvent.
Other friends in Barrie timed the top pretty well and got a lot of money for their house in ~2022. They are still renting and waiting for a bigger correction. Land transfer tax, real estate fees and other costs like movers eat 7.5-10% so you need a big price change to make it worth the effort.
We've talked about this before.
Capital is capital. Rotate out of real estate into equities, as long as the capital is working for you, instead of you blowing it all on hookers and motorcycles, then you're still ahead at the end of the day. RE is not the only way to grow your net worth.
I haven't owned property in over 14 years. Despite missing out on the meaty part of the GTA RE appreciation curve, I look back at what my old place is worth and I'm *well* ahead right now than if I had held onto it.
Yes but the vast majority of people deploy capital very differently in RE vs not-RE. I agree with you but not only do very few people use leverage for non-RE investments, a lot are overweight in "investments" that barely match inflation as they feel safe at the time.
On a slightly related but not really related note, Wealthsimple security backed loan (similar to HELOC but using your portfolio instead of house for security) is prime minus 0.5% for generations clients (more than 500K in investable assets). You can access ~35% of your non-reg and TFSA investment balance. You aren't allowed to use this to borrow to invest. Rate is better than any HELOC I have seen (as expected, selling securities is easy and value can be checked every day by WS).
Yes, leverage is the key to matching returns, whether it's mortgage or margin. I've done both.
Mad Mike
Well-known member
I’m letting my money guy call the shots. I no longer give any fucks for what I’m in, only what I get out.
FWIW, I opened a Wealthsimple robo investor acct in Jan just too see how it works. I thumped in my 2026 TFSA limit, $7k, YTD it’s done 9.73%.
I’m happy with that, zero work on my part.
FWIW, I opened a Wealthsimple robo investor acct in Jan just too see how it works. I thumped in my 2026 TFSA limit, $7k, YTD it’s done 9.73%.
I’m happy with that, zero work on my part.
ifiddles
Well-known member
What is this? Please explain like I'm a 5 year old.
Hubby is coming into some money and he asked me about buying stock last night, but I know nothing.
