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2 minutes ago, Shift-4 said:

Yeah, I was thinking it but looks like I forgot to type it  ---> because of lobbying efforts they will be first in line for government assistance of some form. 
The real financial pain might be all of us paying government debt for years to come, but I am quite happy with that kind of pain.

What actually provides for the essentials, food, clothing, shelter, will reassert itself. My wild guess is that eliminates about 30 to 40% of existing jobs. 

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4 hours ago, Claude Feig said:

I'm also eyeing on getting into the stock market, can you elaborate on this a bit more? I have zero idea about this world, and really, I'm not looking to get crazy in it, at least not for now. I wouldn't mind investing/buying into a stock and just letting it ride, to begin things. So the safer companies, as you mentioned, are probably the ones for me to look into?

 

Likely a good idea to get a TD, Enbridge etc stock now? Or wait for things to get a bit worse first (as I think they will).


So I didn't get involved with any of this until about a year and a half ago and I documented my horror story some pages ago, but with that said..

If you are like me and most people then it would be best to buy ETFs - which are made up of many of these blue chippers (slices of shares of companies like Microsoft, Exxon, etc all packaged together) so it's a 'fairly safe' bet unlike pouring a ton of money into a single or handful of common stock like Carvana ($110 three weeks ago to $40 now) and you live or die by how those individual companies do. Warren Buffet is big on ETFs if that means anything to you. There are a lot of them out there but you can read about each one, the companies that make them up, and their performances over the years. I do Wealthsimple (a robo adviser meaning all the trades and dividends are reinvested are done by computer algorithms so the fees are very cheap) - and it's really as simple as the name implies. They have different portfolios with ETFs you can read about - read about the portfolio performances (the portfolios are compiled by actual humans however). I did this and was quite happy with it until lately - but I'm still far better off here than if I bought straight common stocks in a handful of companies. 

And basically, what Ironman said now that I see his post. 

Hope that helps a bit

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8 minutes ago, aGENT said:

As for Walmart...Yay! Furthering the race to the bottom!

 

Jebus we're idiots :picard: So many of our stupid decicions the last 50'ish years are really coming home to roost with this disaster aren't they!

I'm just here to tell it like it is. 

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2 minutes ago, Tortorella's Rant said:


So I didn't get involved with any of this until about a year and a half ago and I documented my horror story some pages ago, but with that said..

If you are like me and most people then it would be best to buy ETFs - which are made up of many of these blue chippers (slices of shares of companies like Microsoft, Exxon, etc all packaged together) so it's a 'fairly safe' bet unlike pouring a ton of money into a single or handful of common stock like Carvana ($110 three weeks ago to $40 now) and you live or die by how those individual companies do. Warren Buffet is big on ETFs if that means anything to you. There are a lot of them out there but you can read about each one, the companies that make them up, and their performances over the years. I do Wealthsimple (a robo adviser meaning all the trades and dividends are reinvested are done by computer algorithms so the fees are very cheap) - and it's really as simple as the name implies. They have different portfolios with ETFs you can read about - read about the portfolio performances (the portfolios are compiled by actual humans however). I did this and was quite happy with it until lately - but I'm still far better off here than if I bought straight common stocks in a handful of companies. 

And basically, what Ironman said now that I see his post. 

Hope that helps a bit

So you are tracking benchmarks to see how you are doing? I am from the old school and hold my common stocks over the long term. With ETF’s you have a MER cost and ongoing capital gain tax. My way I get the dividends which increase regularly. 

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1 minute ago, Shift-4 said:

I'm just here to tell it like it is. 

Yeah, sorry didn't meant for that to seem like I was coming at you specifically re: Walmart.

 

We've allowed companies to make so many poor decisions by offshoring everything in the name of profit margins so we can have cheap race to the bottom crap and stores to by them from. It's been short sighted in regards to jobs for decades now and now we have a pandemic that is making us realize that our supply chain for medical equipment/supplies, medicine etc is F'd in situations like this and we no longer have the ability to remotely supply ourselves when/if the world shuts down.

 

Short sighted idiots we are.

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1 minute ago, Boudrias said:

So you are tracking benchmarks to see how you are doing? I am from the old school and hold my common stocks over the long term. With ETF’s you have a MER cost and ongoing capital gain tax. My way I get the dividends which increase regularly. 

yes. It's .04%. Dividends are automatically redistributed, rebalanced automatically. I just track the yearly performance and what I had when I invested. The portfolios are all doing better than if you were wheeling and dealing with a ton of common stock like my portfolio manager was doing before I went the roboadvisor route. Plus, I get to keep that 1.6% to myself instead of padding his bank account. The WS conference call last week had the balanced portfolio I believe slightly negative for the year despite the market completely imploding.  

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Some very popular ETF's to consider :

 

SPY this is the S&P 500, a small chunk of all 500 companies in the index, pays a dividend

DIA this is the Dow Jones Industrials, a small chunk of all 30 companies in the index, pays a dividend

QQQ this is the Nasdaq index, a small chunk of all leading companies in the index. Mainly tech and bio tech. pays a dividend

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Not so much investment related but gives a little color on whats happening.

 

The wild volatility elsewhere has finally infected the world's biggest market

Wed 18 Mar 2020 17:07:35 GMT

 

The foreign exchange market reaches the breaking point

The foreign exchange market reaches the breaking point
 
We have had a few 'flash crashes' in the past several years in the currency market but most come at an illiquid time of day or during a holiday.
 
The latest one has hit right in the heart of the day as everyone holding pounds absolutely liquidates in an increasing sign of market disorder.
 
A 300-pip gap lower over 20 minutes is nearly unprecendented. It speaks to the massive US dollar funding squeeze that's underway. There is a rush to get into the safety of US dollars from nearly everywhere. I have to wonder if the unprecedented access to FX and dollar-denominated assets globally is a new feature in markets -- even moreso than in the financial crisis.
 
Right now, US dollar longs are the only thing that's working so investors around the world are absolutely piling in.
 
In the bigger picture, I think this is a sign of a generalized rise in FX. Maybe that's stating the obvious at this point but FX has been relatively tame until this week.
 
The thing about volatility is that it tends to last far longer than anyone expects and leads to larger moves than anyone expects.
 
It looks like it's happening in commodity currencies now with the Australian dollar cratering 5% lower and the Canadian dollar in liftoff.
 
****************
 
Rumors of a big equity market participant in distress. Hearing it's Citadel. If it's them it couldn't happen to a bigger bunch of dbags.
Edited by nuckin_futz
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On 3/16/2020 at 10:28 AM, Warhippy said:

See you had me, I'm a gig person being a photographer and I was told im on my own.

 

But you're in Maui and as such no sympathy.  I'm in Penticton, it's -1 here.  I'm on my third wedding cancellation for the year.

 

It is what it is.

 

On 3/16/2020 at 10:30 AM, Boudrias said:

Sorry to hear about the cancellations. I was only trying to lighten a otherwise challenging day. Keep your social distance and stay safe.

 

On 3/16/2020 at 10:38 AM, Warhippy said:

Don't be sorry.  I'm not.  I hate weddings.  I love bridesmaids.

 

But they pay well.  The gig economy is going to get broken irreparably.

 

Recessions make millionaires

Long range lenses will become even more popular.

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2 minutes ago, Tortorella's Rant said:

Wow, Walmart is up during all of this.

always are in distressed times

 

Edit: Canadian equivalent in my mind is Loblaws. Big dip last week but back above where they were a year ago. So essentially stable.

Edited by Shift-4
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2 hours ago, Tortorella's Rant said:


So I didn't get involved with any of this until about a year and a half ago and I documented my horror story some pages ago, but with that said..

If you are like me and most people then it would be best to buy ETFs - which are made up of many of these blue chippers (slices of shares of companies like Microsoft, Exxon, etc all packaged together) so it's a 'fairly safe' bet unlike pouring a ton of money into a single or handful of common stock like Carvana ($110 three weeks ago to $40 now) and you live or die by how those individual companies do. Warren Buffet is big on ETFs if that means anything to you. There are a lot of them out there but you can read about each one, the companies that make them up, and their performances over the years. I do Wealthsimple (a robo adviser meaning all the trades and dividends are reinvested are done by computer algorithms so the fees are very cheap) - and it's really as simple as the name implies. They have different portfolios with ETFs you can read about - read about the portfolio performances (the portfolios are compiled by actual humans however). I did this and was quite happy with it until lately - but I'm still far better off here than if I bought straight common stocks in a handful of companies. 

And basically, what Ironman said now that I see his post. 

Hope that helps a bit

Are mutual funds a type of ETF or is that a completely different thing?

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2 hours ago, Claude Feig said:

Are mutual funds a type of ETF or is that a completely different thing?

Don't know if anyone pays attention to metals but silver is looking alright down here. 5 days ago it was $17. Today it's $12

 

EWZ looks alright too. EWZ is the Brazilian market ETF. 10 days ago it was $39. Today it closed at $22.33. A 43% drop in that time frame seems a tad oversold.

Edited by nuckin_futz
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10 hours ago, TGokou said:

Managed to pick up some Brookfield Asset Management today near the low dip $51.5. Thankfully it rallied to the close. Gonna take profits tmw. Hoping for another 5-10% gain.

Nice! Im day trading some pharmaceutical companies, the swings are so crazy, almost 15%-20% some days, I just cash out when I make a few hundred every 2 days or so. They aren't companies I'd hold on to, but with the economy the way it is, take the profits

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2 minutes ago, NucksPatsFan said:

Do you guys recommending buying Air Canada and West Jet just before the bailout, or immediately after?

 

They're both gonna get bailouts, just not educated enough to know if it's smarter to buy before or after.

 

 

not sure you can buy Westjet anymore.
they are going private

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