Stocks | Page 32 | GTAMotorcycle.com

Stocks

Brian P

Well-known member
Moderator
Site Supporter
1. Wait for Donald Trump to say or do something that tanks the S&P500.
2. Buy something.
3. Wait for the nonsense to be backtracked. Might only be a day or two given how the Donald is so sensitive to what the stock market does.
4. Sell something.

LOL
 

J_F

gringo diablo
Site Supporter
gold has been a good hedge against that imbecile's volatility
 

J_F

gringo diablo
Site Supporter
Waiting for Black October stock crash. Then I'll buy. Market is too high to buy right now.
around 6 months ago I moved 50% to a cash position
wished I'd moved it all, have taken a 40% loss on the remainder

wondering now if I should bite the bullet and cash out
preserve the capital for the next run up
 

Trials

Well-known member
Sell the stocks, buy some land, build a house.
make sure it's a nice one.
 

GreyGhost

Well-known member
Site Supporter
around 6 months ago I moved 50% to a cash position
wished I'd moved it all, have taken a 40% loss on the remainder

wondering now if I should bite the bullet and cash out
preserve the capital for the next run up
What the hell are you invested in? I don't know exactly your 6 month timeframe, from January my RRSP account is up almost 40%, from March it is up 25%. No fancy derivatives or shorts, just buy and hold.
 

mimico_polak

Well-known member
Site Supporter
I've been doing well with my Tangerine Balanced growth in 2019....also my VGRO is going up fairly well.

I'm still so green on this that I'm just too scared to dump it into things I don't know well enough about. Thinking some good ol bank stocks into the TFSA to just let them run.
 

Gary

Well-known member
Site Supporter
around 6 months ago I moved 50% to a cash position
wished I'd moved it all, have taken a 40% loss on the remainder

wondering now if I should bite the bullet and cash out
preserve the capital for the next run up
Shove the 50% cash position into the negative 40% position. Average down.
It would be interesting to know (unless weed stocks) how you lost 40% in the last 6 months? That's rather hard to do, while markets are busting through to new highs.
 

Brian P

Well-known member
Moderator
Site Supporter
I was wondering the same thing. My portfolio balance is at a record high along with the TSX.
 

J_F

gringo diablo
Site Supporter
some weed stocks and a few other speculative things

it's not a disaster, I've just been busy as I went mining again
haven't had the time to babysit the account

as for real estate, Trials
that works for some, not for me
at one point I owned 2 properties in Ontario and lived in neither
bad tenants + poor market timing when I'd had enough = a loss

the portion of the account still riding is not for me
it's for my kids, and fuk apple @ every opportunity
 

GreyGhost

Well-known member
Site Supporter
it's for my kids, and fuk apple @ every opportunity
I bought apple in ~2008 at $80 to 100 a share, after adjusting for a 7:1 split, that puts me at ~$14/share cost. It is sitting at ~$220 right now and dividends have far exceeded my initial investment. I don't really like their products and own very few of them, but I like them as an investment.
 

crankcall

Well-known member
Site Supporter
@raginduck , my thoughts on beyond meat was , its getting a lot of attention, while I wont eat it , millions will and it looked ok. The next day lieterally the New York financial paper ran an article on how overvalued the meat substitute stocks were and bang, they dropped

the canntrust, well they had really dropped after getting caught with the fake wall in the grow op, then they got caught at the other facility with a fake wall in the other grow op hiding tons of weed. I thought somebody is going to buy this for the facilities and the licences. Then they got caught with illegal seeds, since if your going to grow weed you arent supposed to have, you need to buy seeds on the black market. Strike three, they will likely loose thier licences. stock tanking
 

Brian P

Well-known member
Moderator
Site Supporter
Ugh. Speculation is OK but only with a small percentage of your portfolio ... this is why.

I've never bought a marijuana-related stock, although one thing that I had a small position in for years (the old LIQ Liquor Stores income fund, now CLIQ) has evidently opted to diversify into it; I owned it long before that. I kept it (for too long) because of its dividend but overall it was a stinker, and I bailed out some time ago. Hmmm <checks brokerage account> Meh. It got slammed about a year ago and hasn't recovered, and they've eliminated the dividend. Nope, don't want it. One of my long-standing investing rules is that if it doesn't pay a decent and (AFAICT) sustainable dividend, I don't own it.

The speculation that I do involves selling call options against shares that I own. If it goes above the strike price of the call by expiration date, I lose out on further gains - but if it doesn't, I keep what I got for selling those options. At the moment, with the markets having rallied in the last little while, all but one position are in a situation where, if prices stay where they are, it'll all get called away. Some of this has been intentional ... the market has gone up too far too fast, so I've been selling slightly IN the money call options thinking that they may pull back a little ... but they've gone up instead. I did not anticipate the past week's rally.

I wouldn't mind sitting in a bit of cash with markets at record highs, with October soon to come. Have to get through September expiration (this coming Friday) for that to start playing out, though.
 

Top Bottom