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Jason, got a tweet from Bob Pisani, reports Alcoa shutting down additional smelting capacity not true; per the co, is cutting refining capacity due to earlier move.
is www1.hymarkets.com any good? i made an account with them with $50 just to try it out and learn for the first time.. i put $20 into crude oil and $30 into gold, i am down like $6 on gold right now...
Mow that the Dow and S&P are beginning to correct, anyone care to guess what will happen to the tsx in light of the fact that it's been in correction mode for some time now? #scared
is www1.hymarkets.com any good? i made an account with them with $50 just to try it out and learn for the first time.. i put $20 into crude oil and $30 into gold, i am down like $6 on gold right now...
The fact that when I type in hymarkets.com in Google and it's search algorithm tried to guess my search with scam....
The fact that when I type in hymarkets.com in Google and it's search algorithm tried to guess my search with scam....
pretty sure u searched in the wrong one... try searching www1.hymarkets.com, i searched it in alexa ranking and it came up around 50,000... or i think near the 5,000 range i forgot lol....
if you searched up just www.hymarkets.com on alexa ranks its super low ranked... u needa type in www1.hymarkets.com...
well so far my stocks are going down, buddy was saying u can make mad money on this stuff... so far i think i am better off investing my money in the bank at a 1.5% interest rate... or maybe i should put my money into an appartment and rent it out... not sure if i wanna gamble with stocks... maybe google and cocacola is a better stock to buy...
Just a couple weeks ago I purchased 3300 shares of T.FRC for 12.80/share. I felt pretty good about this trade lol
It is now trading at $11.18, so needless to say I am not verry happy lol.
Having said that, maybe take a look at the fundementals, Low PE, great cash flow, and pays dividend (Shareholders of record April 12th 2012, Ex dividend date of April 10th 2012, $0.15 per share to be paid on April 26th 2012). Do your own DD....
Maybe this a good chance for someone to sneak in at a lower price before the dividend cutoff...
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Follow me on Instagram @jasonturtle if you want to feel better about your life
well so far my stocks are going down, buddy was saying u can make mad money on this stuff... so far i think i am better off investing my money in the bank at a 1.5% interest rate... or maybe i should put my money into an appartment and rent it out... not sure if i wanna gamble with stocks... maybe google and cocacola is a better stock to buy...
put money into apartment & rent it out - in vancouver this will cost you money, not make you money
and never listen to 'buddies' who claim this, that and the other, unless they're actually wealthy on the back of what they're doing, but most ppl with advice are chumps, and their advice is chump advice
and never listen to 'buddies' who claim this, that and the other, unless they're actually wealthy on the back of what they're doing, but most ppl with advice are chumps, and their advice is chump advice
QFT. Main reason why I don't talk about investing with friends. Unless they have skin in the game, their advice/opinion means nothing to me.
What would you say if I told you there’s an income-trust product in the Canadian market that offers similar yields to the old income-trust model, yet isn’t subject to the federal government’s crackdown that essentially put the income-trust sector out to pasture?
If you said “prove it,” that would pretty much match the market’s reaction so far.
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Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange, March 30, 2012.
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Foreign-asset income trusts, or FAITs, are Canadian trusts that derive their cash flow from assets outside of Canada. The feds’ October, 2006 announcement of new tax laws on the trust sector, which took effect Jan. 1, 2011, only applies to Canadian assets. Foreign assets are exempt, and always have been.
It took a while for the Canadian market to catch on to this, but Richard Clark – who gets the nod as the father of the FAIT – proved it could work when he successfully took Eagle Energy Trust public in a $150-million IPO in late 2010.
Yet more than a year after Eagle landed – and more than five years after the trust legislation was announced – FAITs still remain no more than a curiosity, little known to most investors. Only two FAITs (Eagle and Parallel Energy Trust) have successfully gone public. Two others filed preliminary prospectuses for initial public offerings, only to pull the plug on them.
This despite offering juicy yields (12.4 per cent on Parallel, 9.3 per cent on Eagle) to an investing public that is hungrier for income than it has been in decades. People are coming forward with products to sate that hunger – and they’re batting a measly 2-for-4 trying to get them off the ground.
The blame, say people who have been working to get FAITs to market, lies somewhere between bad timing and bad precedents.
After several years of deteriorating markets, shrinking credit and financial panic, the IPO market was finally in recovery when Eagle launched its IPO in the fall of 2010 – and was looking even more rosy when Parallel raised nearly $400-million in April, 2011. That got the wheels turning in the FAIT market, with two more IPOs targeted for late last year.
Argent Energy Trust filed a preliminary prospectus in early August – just as the equity market slid into a pronounced, risk-averse slump. North American Oil Trust followed in November. But the Canadian IPO market had gone into hibernation; both offerings died.
While Argent sensed the mood and never actively marketed its proposed issue, North American Oil Trust did – and was wildly unsuccessful. (Word is they could only raise about one-tenth of the $375-million they were seeking.) That flop left a bad taste, and raised skepticism about the market’s interest in FAITs.
And the performance of Parallel – which, due to its size, has been looked on as a “test case” for the FAIT model – has added fuel to those concerns. The trust cut its production forecast in January and announced a $47.6-million writedown on its reserves last month. Its trust units closed this week at $7.30 on the Toronto Stock Exchange, 27 per cent below the IPO price of $10.
With only a couple of FAITs successfully launched, and one of them making such costly missteps, the FAIT structure is suffering from a lack of “street cred,” as one insider put it. The only thing that would really establish that credibility would be having more successful FAIT listings to serve as examples for investors.
FAIT proponents think the mood might be right for that to happen this year.
A recent $600-million financing from Crescent Point Energy Corp. – a former income trust that still boasts a trust-like dividend yield of nearly 7 per cent – was heavily oversubscribed, a sign that investors and underwriters may be rediscovering their appetite for energy issues with a strong yield component. Given that, several potential FAITs are believed to be preparing for launch. (Argent, for example, is believed to be looking to step back in the ring sometime this quarter, with an IPO north of $300-million.)
Before the end of 2012, we could have another half-dozen companies launching FAIT IPOs. If the majority of them work out, that could be the critical mass the FAIT segment needs to catch on with investors – opening the door for a product to fill the void left behind by the income trusts.
If they don’t work out? Then we’ll have to wonder whether FAITs are doomed to be another Betamax – a great idea that no one would buy.
These two FAITs are yielding close to 10%. I looked over one of them and I think the Parallel is losing money?
I'm not too familiar with oil/gas stocks, maybe Jason can help out?
Lol @ anyone who thinks they can buy a rental property in Van and generate positive cash flow!
Unless of course you can buy it cash... which 99% of the population can't do.
You can't unless you buy multi family rental properties like multi units apartments.
But the Realtor will still try to fuck you by selling an apartment with a cap rate of 3%? WTF. Just because our interest rates are low, you can tell the seller to sell the apartment at such a high price? First they jack up the rent to make it look good on an annual income, then they say what the "potential" rent you can make if you jack up the prices, then they tell you how great of a return you're getting when rates are super low.
No offense to anyone here who's a realtor, but I'm really getting sick and tired of seeing these realtor making so much in commissions but only putting so little effort into the process. It seems like in their mind, it's all sell sell sell, buy buy buy.
No offense to anyone here who's a realtor, but I'm really getting sick and tired of seeing these realtor making so much in commissions but only putting so little effort into the process. It seems like in their mind, it's all sell sell sell, buy buy buy.
Realtors are a fucking joke, period.
I would rather live in a cage with 100 used car salesmen than with one greasy ass realtor.
It's funny to me, their "clients" are dumb enough to beleive that the realtor is acting in their best interests? Pretty sure they are acting in their best interests.. which happen to conflict with the clients.
Imagine you're a realtor, your client wants to sell his house for 800k but an offer comes in at 750k.. to the client, thats a 50k hit.. but to the realtor it barely puts a dent in the commision (Say 2.5% commision, split between both realtors = 1.25% for the selling realtor or 652$... and part of that goes back to the brokerage)
So what does the realtor do? Advises you to sell, so he can move on to the next chump why stick it out for an extra 625$ if he's already made over 9k (It's actually higher I beleive as the first 100k is usually a higher commision rate)... meanwhile you're "expert" just cost you 50k in the interest of doing more volume and not waiting to make his money. A bird in the hand is worth two in the bush.. Realtos practically live by this IMO.
"Most realtors" don't have a fucking clue about finance, investing, or houses for that matter... see how many of them could actually build you a house... I've have met lots of realtors in my life, and I have been able to bully all of them in arguments cause they didn't know shit about their own job.... except that granite looks really nice.
Grr.... scumbags. Having said that, I wish I was "born" into real estate so I could piss and moan about how hard my day was of driving a couple people around for a few hours and walking them through a house... Sorry realtors but to me... your job is bullshit, 99% of people could be a realtor within about 50 hours of study/instruction.
But then again, unless you have connections that 50 hours doesn't do shit for you, cause you won't get any work.
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Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Last edited by jasonturbo; 04-09-2012 at 12:30 PM.
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