The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
02-17-2011, 12:19 PM
|
#3226 | | 14 dolla balla aint got nothing on me!
Join Date: Sep 2008 Location: richmond
Posts: 676
Thanked 280 Times in 59 Posts
Failed 71 Times in 17 Posts
|
wow that's crazy O.o hope you weren't holding a lot..
| 
|  | |
02-17-2011, 01:04 PM
|
#3227 | | RS controls my life!
Join Date: Apr 2008 Location: yvr
Posts: 732
Thanked 30 Times in 28 Posts
Failed 11 Times in 5 Posts
|
On another note. CUU on a tear.
Watched it for awhile at around $1 and didn't buy. Fwwwk!
__________________ Quote:
Originally Posted by HollyZ32  you seen my pie live!
straight up nasty right right!!!!!!!!!!!!!!!!!!! lol | Quote:
Originally Posted by HollyZ32 Thats because you end up getting creepy pie like mine that makes you not want to eat it hha ...thats why its cheap ... | | |
| | |
02-17-2011, 01:27 PM
|
#3228 | | Need my Daily Fix of RS
Join Date: Feb 2002 Location: London UK
Posts: 270
Thanked 39 Times in 10 Posts
Failed 1 Time in 1 Post
| Quote:
Originally Posted by suzuka84 whatever you guys do, please stay fully invested in the market as Obama's new budget will only continue the market rally. Do not sit on cash as you need the money full deployed. | I agree to some extent. History has repeatedly told us that whenever money is printed (quantitative easing), almost always the first place that money goes is into the stock market. As we can see from the market indices in recent months, history is spot on again.
What we don't know, however, is when the fun will stop and the next major (10-15%) correction will occur. For some reason, as much fun as I am having right now waking up to see my portfolio turn GREEN virtually every day, I know the party will end sometime. But when? In January 2000, everyone was saying that things were different this time around, that this bull run had been driven by new money, that we were in the age of the "New Economy", going so far as capitalising those very words.  In the meantime, I'm not going to complain but will enjoy the ride  | |
| | |
02-17-2011, 02:56 PM
|
#3229 | | RS controls my life!
Join Date: Apr 2006
Posts: 722
Thanked 143 Times in 15 Posts
Failed 5 Times in 3 Posts
|
FMM.V and ORT.A.V looks like their going to explode. So far I got 20% gain from FMM and 94% gain from ORT.A.V. Technical side looks like both are a definite up trend, but do your own due diligence.
| |
| | |
02-18-2011, 10:37 AM
|
#3230 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
CUU up again. I should've bought more.
| |
| | |
02-20-2011, 09:09 AM
|
#3231 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
damn i was going to buy more at .93 lol
oh well, maybe give it a couple days to come down (like it did from 1.12 to low .90's) anyone think that will happen?
| |
| | |
02-21-2011, 12:30 PM
|
#3232 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
ok so what's your picks now?
ccy or min?
| |
| | |
02-22-2011, 08:01 AM
|
#3233 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
looks like roulston had given some minor props to BCG...enough to jump the stock back up decently
i've got sells in but thinking maybe i'll wait for the NTL news next week
| |
| | |
02-22-2011, 09:00 AM
|
#3234 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
|
which one of you guys are in on NVT besides gdoh? big jump today.
| |
| | |
02-22-2011, 09:11 AM
|
#3235 | | Need my Daily Fix of RS
Join Date: Sep 2002 Location: van
Posts: 252
Thanked 17 Times in 12 Posts
Failed 1 Time in 1 Post
|
What do you guys see NVT doing? What is your price target for getting out?
| |
| | |
02-22-2011, 09:33 AM
|
#3236 | | RS controls my life!
Join Date: Apr 2008 Location: yvr
Posts: 732
Thanked 30 Times in 28 Posts
Failed 11 Times in 5 Posts
| Quote:
Originally Posted by suzuka84 which one of you guys are in on NVT besides gdoh? big jump today. | Got more last week in my RRSP when it corrected. Thanks for all the advice suzuka84. Let's hope good things are coming.
__________________ Quote:
Originally Posted by HollyZ32 you seen my pie live!
straight up nasty right right!!!!!!!!!!!!!!!!!!! lol | Quote:
Originally Posted by HollyZ32 Thats because you end up getting creepy pie like mine that makes you not want to eat it hha ...thats why its cheap ... | | |
| | |
02-22-2011, 09:38 AM
|
#3237 | | Rider
Join Date: Apr 2010 Location: Surrey
Posts: 3,269
Thanked 2,081 Times in 532 Posts
Failed 439 Times in 100 Posts
|
cut off grade 50$/t is 1.6 billion and thats a worst case scenario 
and they still got other projects i see this hitting a couple bucks this year
just my opinion
| |
| | |
02-22-2011, 01:08 PM
|
#3238 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
ugh getting slaughtered today, US markets down big  | |
| | |
02-22-2011, 01:13 PM
|
#3239 | | Guest
Join Date: Oct 2010 Location: Vancouver
Posts: 148
Thanked 6 Times in 6 Posts
Failed 16 Times in 3 Posts
| Quote:
Originally Posted by strykn ugh getting slaughtered today, US markets down big | Were you in DCTH?
| |
| | |
02-22-2011, 01:50 PM
|
#3240 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
blkgsr did you buy more CUU today? I added more at 1.24.
Their feasibility study is due out soon. Plus their recent private placement was at a 1.25 range. I assume anything below it can be a buy.
| |
| | |
02-22-2011, 02:21 PM
|
#3241 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
no i didn't...no funds...home reno
i was going to sell my bcg but i'm waiting to hear what's coming for them in the next week...bcg was up today anyways
cuu is at 1.20 right now, down .14 10.5%
maybe transfer some funds tomorrow (need to figure out my taxes first and find out if i need to make an rrsp contribution, min to not have to pay taxes)
speaking of rrsp's...is it possible to buy stocks under rrsp's? how is that done?
also, wtf is the point of a tfsa if you have to declare capitol gains made on stocks under a tfsa?
| |
| | |
02-22-2011, 02:26 PM
|
#3242 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
yeah you just need a registered brokerage account to buy stocks with your rrsp money.
TFSA - you don't pay taxes on any cap gains or dividends paid within the account.
The only drawback is that you are limited to $5000 a year of contribution.
| |
| | |
02-22-2011, 02:43 PM
|
#3243 | | I don't get it
Join Date: Mar 2008 Location: burnaby
Posts: 426
Thanked 59 Times in 41 Posts
Failed 40 Times in 9 Posts
|
Guys, looking at the current geopolitical environment with gas prices going into the $100/barrel territory and precious metals hitting new highs the perfect companies to ride would be companies that provide financing in exchange for future production.
Gold Wheaton was bought recently. Silver Wheaton is massive with zero risk other than silver prices remaining high. Look into Sandstorm Resources (run by the ex-CFO of Silver Wheaton) and Tanzania Royalty Exploration. The only problem and the big benefit of these types of companies is the fact you and I can't hang up a sign and pretend to dabble in this as it requires a huge capital outlay - you're providing mine financing in exchange for future production so you're dependent on rainmakers to put these deals together. It isn't the matter of finding a good resource but rather convincing companies to give up future production in the present environment. The guys behind these companies have no problems doing it. Gold Wheaton was a Guistra and Aquilina combination. Silver Wheaton was a Telfer company so the CEO of Sandstorm can be assumed to be tight with Telfer, giving the company access to big capital if required.
| |
| | |
02-22-2011, 05:31 PM
|
#3244 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
| Quote:
Originally Posted by highfive yeah you just need a registered brokerage account to buy stocks with your rrsp money.
TFSA - you don't pay taxes on any cap gains or dividends paid within the account.
The only drawback is that you are limited to $5000 a year of contribution. | ya i spoke to my planner today and we discussed this
also if this could get clarified:
also, wtf is the point of a tfsa if you have to declare capitol gains made on stocks under a tfsa?
| |
| | |
02-22-2011, 05:37 PM
|
#3245 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
TFSA
No Impact on Income-Tested Benefits
Neither income earned in a TFSA nor withdrawals will affect your eligibility for federal income-tested benefits and credits, such as the Guaranteed Income Supplement and the Canada Child Tax Benefit. This will improve incentives for people with low and modest incomes to save. http://www.tfsa.gc.ca/tfsapamphlet-eng.html
I'm not sure if you have to declare it on your tax return but any income within your account is tax free.
| |
| | |
02-22-2011, 05:42 PM
|
#3246 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
ya that's what i thought the whole point of it was...but if i do have to claim it, is it only once the money has been withdrawn? what if i sold the stock, but kept the money in the tfsa and used it buy another stock??
| |
| | |
02-22-2011, 06:19 PM
|
#3247 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: Vancouver
Posts: 2,945
Thanked 1,123 Times in 533 Posts
Failed 71 Times in 38 Posts
|
Basically from what I think it means is that whatever money you make in it, the gov't will not tax it. Even when you take it out, they won't tax it. But whatever the amount is, you can only contribute up that amount plus that years $5000.00 on the following year.
Ex.
2011
You started a TFSA and deposit the maximum $15000.
You buy CUU and doubled your money to $30000.
You take $7000 out to go to Vegas.
By year end you will have $23000.
The cap gain on your CUU investment will NOT be taxed.
The $23000 inside your account can be used for other investments and any gains will not be taxed. If you have losses, I don't think you can use it to offset your income taxes since the government doesn't tax you in the first place.
In 2012, you have the option to deposit $5000 for that year's contribution (2012). PLUS the $7000 you took out before.
Just make sure you don't contribute over the max amount or the government will penalize you.
| |
| | |
02-22-2011, 08:03 PM
|
#3248 | | Need my Daily Fix of RS
Join Date: Jul 2004 Location: Burnaby
Posts: 288
Thanked 44 Times in 13 Posts
Failed 8 Times in 1 Post
| Quote:
Originally Posted by suzuka84 Guys, looking at the current geopolitical environment with gas prices going into the $100/barrel territory and precious metals hitting new highs the perfect companies to ride would be companies that provide financing in exchange for future production.
Gold Wheaton was bought recently. Silver Wheaton is massive with zero risk other than silver prices remaining high. Look into Sandstorm Resources (run by the ex-CFO of Silver Wheaton) and Tanzania Royalty Exploration. The only problem and the big benefit of these types of companies is the fact you and I can't hang up a sign and pretend to dabble in this as it requires a huge capital outlay - you're providing mine financing in exchange for future production so you're dependent on rainmakers to put these deals together. It isn't the matter of finding a good resource but rather convincing companies to give up future production in the present environment. The guys behind these companies have no problems doing it. Gold Wheaton was a Guistra and Aquilina combination. Silver Wheaton was a Telfer company so the CEO of Sandstorm can be assumed to be tight with Telfer, giving the company access to big capital if required. |
Why is Gold Wheaton so different in price to Silver Wheaton?
| |
| | |
02-22-2011, 09:56 PM
|
#3249 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,665
Thanked 760 Times in 383 Posts
Failed 150 Times in 49 Posts
|
ya i called the cra about another question after i posted that and they confirmed the same thing...money mades in the tfsa is infact tax free
for once, i like something the government has implemented
also, props to the cra having a pretty easily accesible phone in line for questions etc
| |
| | |
02-22-2011, 09:59 PM
|
#3250 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,550
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
| Quote:
Originally Posted by shawnly Were you in DCTH? | no
but I bought a boatload of AMRN on the dip today 
Last edited by strykn; 02-22-2011 at 10:04 PM.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 02:47 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
