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themcdeal

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Posts posted by themcdeal

  1. 4 hours ago, CanucksJay said:

    It's a tough situation. Some of the greatest players support Babs while some good players don't. It also shows the generational difference in work styles. The workplace and how we treat employees is changing and it seems that the NHL is as well. 

    Not to sound insensitive but PTSD from a yelling coach seems very millennial like. Who knows anymore. In all my days managing people at the office, I do have to say, I hated managing millennials the most. It was mentally draining lol. 

    Franzen is 40, he's not a millenial. I'm sure the concussions he's had play a major factor in the ptsd. 

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  2. 9 hours ago, Tortorella's Rant said:

    Chinese Netflix up another $3.50 today. If you bought a few hundred shares back in May, you are giggling at your statement and the profit of 10k if sold right now.

    I've been waiting for a pullback since it hit 30....:wacko:

    This thing keeps shooting up. Wish i listened to friend when the IPO took place. 

  3. Just wanted to get some clarification 

     

    It says "The cap on pain and suffering for minor injuries"

     

    Does that mean that regular injuries will follow the old cap and those deemed "minor" which i assume to be "soft tissue injuries" can only receive up to $5,500?

  4. December and January historically speaking are good months for the market. Generally speaking, February tends to be a poor a month. 

    I have some friends panicking right now who just started investing a month ago and are freaking out seeing all this red and want to sell their positions.

     

    If you do your due diligence, days like this shouldnt freak you out too much cause you should believe in the companies you invest in. 

     

     

  5. 13 hours ago, TGokou said:

    I don't want to get into a huge argument about the value of bitcoin as it stands as an asset class. My long term view is that bitcoin and majority of the coins are worthless. Having said that, it wouldn't stop me from investing (or should I say speculate) on it if I felt there was a quick buck to be made. I definitely wouldn't hold long-term though. If I were to purchase I'd wait to see the long-term trend pick back up as that would be the perfect time to buy. I think anyone buying here could be in for a shock as I can see bitcoin go down to $1000-2000 over the course of the year. I would say wait till the dust settles a bit, let the downtrend stabilize and wait for a month or two for an uptrend to pick back up. By that time, FOMO will have ended and you could potentially see another large-scale uptrend. If it does not stabilize, don't buy as it could go down a lot further.

     

    If you look at the 2014-2015 crash it took almost 2 years for the price to stabilize. I'm not saying it'll take this long but in my mind, a technical support has been breached right now and could see a long ride down.

    This is one of the biggest issues

     

    Many people are in it thinking its an easy way to double or triple their money and have no understanding of the technology, belief or utility of it as a currency. When the price goes down 30% they'll ramble about it being a scam and worthless and will sell panic sell immedietly. When the price goes up 300% they cry about not investing in it.

  6. 2 hours ago, Toni Zamboni said:

    its days like today that are perfect for day trading crypto...tons of volume, great price action and easy momentum plays.

     

     

    If my funds weren't so tied up I would :(

    But i promised I wouldnt let cryptos exceed 1/3 of my portfolio.

     

    Super tempting though...

  7. 14 hours ago, I.Am.Ironman said:

    From my admittedly limited understanding only contributions are counted toward TFSA limits. So for example, if your contribution is 55 000 and you contribute 30 000 but that contribution grows into 60 000 you still have a remaining 25 000 to contribute. I am in the same position, I only trade in my TFSA account because I have not yet reached my limit. Any profits made in TFSA are obviously not taxable because you have theoretically already paid tax on the funds that you contributed.

     

    I would also be interested to hear other people's take on this.

    I think you have to be careful on how much you trade within that TFSA for it to be non taxable. If you're buying and selling every week, I think CRA deems that to be actively trading to garner income and not as a means of investment.

     

    I have 2 accounts. My registered account being for where I hold long positions and another account where I "actively trade" and buy and sell multiple times a month. 

    • Upvote 1
  8. 37 minutes ago, GLASSJAW said:

    yeah maybe. but i think a lot of the new money that went into alts was just dumb money, not indicative of any actual big movements. lots of people shilling stuff like TRON and XLM, which were good for making money but aren't likely to just continue to rise throughout the year

     

    point of buying alts is, 9 times out of 10, to take profit. only way to take profit is to sell alts for $ or BTC/ETH

    :lol: This was me

    Bought  TRX at .09 it shot up to 0.27 and was thinking I could wait another week before selling and now its at 0.14

    Bought XLM at .70 it shot up 40 cents i think now is exactly what I bought in at.

     

    Although I haven't lost money on it directly, I converted some of ETH to buy alts... which obviously sucks. 

  9. 24 minutes ago, GLASSJAW said:

    anyone else sweaty palming it? when is the next BTC bullrun gonna happen? this is looking SO MUCH like late summer of last year with the big eth run/"flippening" -- and then we all know what happened when ETH dropped to $300 for 3 months.

     

    BTC has corrected massively after its massive run. ethereum is yet to correct.

     

    when ethereum corrects, BTC will take off. surely...?

     

    I assumed alot of people were buying ETH the last week to purchase Alt coins

  10. 3 hours ago, Harvey Spector said:

    This is how some Canadians will try and get around the new mortgage rules

    The new year is here, and with it a new stress test for uninsured mortgage borrowers. Many industry experts have predicted that the test will shut first-time buyers out of the market — but there may be one way to get around the stricter rules.

     

    “The mortgage rule changes apply to the big banks, but not to alternative lenders, so it’s likely that we’ll see a spike in alternative mortgages in the new year,” Zoocasa managing editor Penelope Graham tells BuzzBuzzNews.

     

    The test — which requires all uninsured mortgage borrowers to qualify against the Bank of Canada’s five-year benchmark rate, or at their contract mortgage rate plus an additional 2 per cent — came into effect on January 1.

     

    Buyers unable to qualify against the stricter standards may consider alternative lenders, such as credit unions. Graham says that’s not necessarily a bad thing — though it does come with its own risks.

     

    “If you go with a credit union, that’s still a reputable lender,” she says. “But the interest rates will be higher, and buyers could get into exceedingly expensive debt.”

     

    Graham says that those looking to buy, but unwilling to consider the alternative lending market, still have some options.

     

    “Some buyers may choose to lengthen their amortization periods, from something like 25 years to 30 years,” says Graham. “That way, their monthly payments go down, and they’re able to pass the stress test.”

     

    Buyers might also adjust their plans by considering different dwelling types.

     

    “If a family was considering buying a detached low-rise home, they might consider a townhome instead,” says Graham. “If they were thinking of a condo with multiple bedrooms, they might opt for a one bedroom, or to lose the parking space.”

     

    Ultimately, Graham thinks that many Canadians will adapt their plans around the new regulations, rather than opt out of homeownership entirely.

     

    “Canadians are very resilient when it comes to homeownership,” she says. “They’ll find a way to get into the market if they want to.”

     

    http://news.buzzbuzzhome.com/2018/01/how-canadians-will-try-and-get-around-the-new-mortgage-rules.html

    Shades of the american mortgage crisis

  11. 5 hours ago, kingofsurrey said:

    My home went up this year by   170,000.00 dollars.       in the Fraser Valley.....

     

    How did we ever get to this sick place....

     

    We are now in a situation that is entirely unprecedented,” said Patrick Condon, a professor of urban design in UBC’s architecture school. “That is that (average) worker salaries are not adequate to buy or even rent homes, and that is the first time we’ve seen this in Canada for a long time. We don’t have government policies designed to deal with this.”

     

    http://theprovince.com/business/real-estate/so-many-housing-promises-we-inspect-city-provincial-and-federal-plans-to-figure-out-what-will-be-built-when-and-where/wcm/ab42930e-1787-4203-a7f3-74946e189f2b

    Only a few options really for millennials

     

    1) Get significant help from parents or wait from them to die and inherent their wealth

    2) Rent. Try and scrape together some funds amidst student loans and high living costs and hope to eventually have enough to put together a downpayment on a condo/apartment

    3) Leave

     

    I have two engineer friends who have already left BC due to salary and living costs and another two who are completing med school in the states with no intention to come back. We will continue to lose our best and brightest and things will continue to get worse :( 

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  12. On 12/29/2017 at 12:49 PM, Toni Zamboni said:

    all aboard the XRP express!

    I bought 2k worth while it was at .60

     

    Wish I had thrown in more but all my investment funds are tied up atm. Debating selling my weed stocks and going in more on Ripple. 

  13. On 12/29/2017 at 12:21 PM, Vanisleryan said:

    I sold everything yesterday.... Its insane.... Im up 1000% now over past 18 mos... I prefer to go into New Years weekend holding cash. You might have noticed today had a huge drop and is now rising again.... Might drop again in the final hour... Its just really risky stuff. Always be happy about locking in profits is how I go about it. There will always be lots of opportunities. 

     

    I sold a good portion of my Canopy stocks on Thursday as well. Two consecutive days with massive returns. I was expecting a sell off after hitting the $30 mark but it recovered quite nicely by the end of Friday. 

  14. On 6/26/2017 at 3:32 PM, GLASSJAW said:

    i've heard a lot of mixed things about kraken

     

    i just use quadriga, coinbase (small purchases of ether), quickbt (small purchases of bitcoin). and then i use the admittedly terrible poloniex for small market trades (no CAD)

     

    Did it take you a while to register for quadriga?

    My verification has been going on for a week

  15. 2 hours ago, Lancaster said:

    Just in case some are bit of a newbie in regards to bitcoins and how to invest (store money) in them.... there is the possibility to invest via GBTC (Bitcoin Investment Trust) on the OTC.  It is priced in USD.... so if you're Canadian, there will be some currency fluctuations in regards changing from CAD to USD to BTC. 

    The advantage.... if you have an investment account and have the option to trade in the OTC, you can just buy it like any other stock.  Of course... there is the possibility you may need to pay capital gains.... or you can just stash it away in your TFSA or RRSP. 

    To do this, do you just need to open up a trading account with your bank and use their specific platform?

    I assume trading with banks may have higher fees

     

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