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02-21-2020, 11:49 AM
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#10151 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Mar 2010 Location: -
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AMD got destroyed today..
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02-21-2020, 04:21 PM
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#10152 | | I have named my kids VIC and VLS
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Originally Posted by PeanutButter  Being self employed, I am always jealous of this income matching companies do.
A friend gets stock from TD and she's been working there for 10 years and her shares are worth BANK! I can't remember what her match is, I think it's at least 5%.
My other buddy works for lululemon corporate and he gets 9% matched, which is JUST CRAZY!
I would max out your companies rrsp/matching plan as much as possible. It's free money and it's definitely worth it! | Not all income matching is equal though
Many companies including RBC you need to contribute double what they will match. Ie. you contribute 6% of annual income they will match a max of 3
My company matches 1 for 1 up to 6%, have been doing it since getting hired just under 3 years ago and have just shy of 20k. Albeit there’s no way In hell I would be outing that much into it if my own money as the performance hasn’t even been close to the market index but it is basically free money as you say.
Lululemon does have some crazy ones though I know, my wife’s cousin had an opportunity to buy in big time when they were essentially a start up but she flaked on it completely and probably missed out on a million bucks
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Dank memes cant melt steel beams
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02-21-2020, 06:55 PM
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#10153 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,293
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Originally Posted by Euro7r Don't be jealous, the harder they work, the more money their boss makes. The harder you work, the more you potentially will make yourself. | You're right, I guess i'm just cherry picking at this point. I'm not gonna lie, I like my flexible work schedule, but the stress of an inconsistent pay cheque does put a toll on you over time. You're completely right on the hard work though, the more I hustle, the more money I make. Which means, I can invest more. Quote:
Originally Posted by Mr.Money anyones weed stock make any gain after cannabis 2.0?..
still kinda early IMO... | MJ sector has been up and down for me in the last few months. I went from GREEN back to RED. APHA and IAN were both green earlier in the year.
Right now though...
APHA, -10%
WEED, -40%
IAN, -10%
MJ represents about 40% of my TFSA portfolio...
I was considering of just dumping WEED and putting it all into APHA since they seem like they're the only ones making money right now and their cost to produce is the lowest..But, I'm having emotional issues on dumping WEED so i'm just riding it. For the US plays, I just picked IAN, which seems to be holding up, so I just want some exposure in the off chance the US legalizes.
Opportunity cost though, if I shifted these into MFST or TSLA, i'd be laughing, but mentally I couldn't part with them...Oh well.
The best performers are my bluechips, which is why you should just listen to buffet, just buy the S&P and come back in 30 years... Quote:
Originally Posted by Hondaracer Not all income matching is equal though
Many companies including RBC you need to contribute double what they will match. Ie. you contribute 6% of annual income they will match a max of 3
My company matches 1 for 1 up to 6%, have been doing it since getting hired just under 3 years ago and have just shy of 20k. Albeit there’s no way In hell I would be outing that much into it if my own money as the performance hasn’t even been close to the market index but it is basically free money as you say.
Lululemon does have some crazy ones though I know, my wife’s cousin had an opportunity to buy in big time when they were essentially a start up but she flaked on it completely and probably missed out on a million bucks | Honestly, if it's a company like RBC, I believe it's still worth it to contribute double. RBC is the biggest book in Canada, they are as safe as you can get for a TSX listed company. My mom built her entire portfolio on RBC and she's laughing now. Except, she has too much money in her RRSP... which isn't the worst problem to have.
Shit man, your wife's cousin missed the damn boat. I guess early on, you just never know with these start ups.. Imagine owning a piece of lululemon back in the day? shhhiet. Definitely kicking themselves right now.
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02-22-2020, 06:49 AM
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#10154 | | I have named my kids VIC and VLS
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Her whole family wanted in at the time and were sold on the products even back then but she kind of m hummed and hawed until eventually leaving the company and then it blew up lol 
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Dank memes cant melt steel beams
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02-23-2020, 03:59 PM
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#10155 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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Originally Posted by Hondaracer Her whole family wanted in at the time and were sold on the products even back then but she kind of m hummed and hawed until eventually leaving the company and then it blew up lol | I always wonder what that feeling would be like. I feel like that is one of those decisions that you will never forget and every so often, it'll pop into your mind and you'll get depressed... haha damn.
No point on harping on the past, but that's easier said than done.
On another note, when the heck is this market going to crash??? I've been getting more bear case youtube video's being pushed to me in the last two weeks.
I forgot his name, but some old wealthy white guy who had a hedge fund manager said, [The down side (bear case) always makes the most sense and has the best arguments, but most times the market doesn't give a sh*t about logic and sense, that's why i'm forever a bull]. This was the most true thing I've heard in a long time. There are so many cases, logic, and arguments for a bear market, but the market doesn't care and keeps roaring higher...
My buddy has gone 90% into cash the last week. He said he'd rather miss out on a few % this year than risk what he's made in the past 10 years..
Exciting/scary times ahead.
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02-24-2020, 11:23 AM
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#10156 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
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Damn, market is getting absolutely destroyed today.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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02-24-2020, 12:29 PM
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#10157 | | Rs has made me the woman i am today!
Join Date: Apr 2013 Location: revscene
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Originally Posted by Razor Ramon HG Damn, market is getting absolutely destroyed today. | https://www.wsj.com/articles/stocks-...na-11582533308
Sent from my ONEPLUS A5000 using Tapatalk
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02-24-2020, 02:58 PM
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#10158 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
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| https://ca.finance.yahoo.com/news/wa...120743935.html Quote: Warren Buffett warns coronavirus will affect business, but he 'certainly won’t be selling' stocks
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK-A, BRK-B), says the stock market rout we’re witnessing today is “good for us.”
“We’re a net buyer of stocks over time,” he said on CNBC. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
Buffett’s comments came as Dow futures (YM=F) were down by about 800 points or 3%. Stocks around the world plunged on Monday as the coronavirus outbreak escalated, exacerbating fears that the global economy would seize up.
Regarding the coronavirus specifically, Buffett made clear that he is “not a specialist.” And he warned that “a very significant percentage of our businesses one way are affected.”
However, he reiterated that investors should be more focused on the long-term, not the short-term.
"If you're buying a business, and that's what stocks are... you're gonna own it for 10 or 20 years,” he said. “The real question is: ‘Has the 10-year or 20-year outlook for American businesses changed in the last 24 hours or 48 hours?’"
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02-24-2020, 10:08 PM
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#10159 | | I subscribe to the Fight Club ONLY
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^Could you imagine if he DID write something eg// Berkshire will be liquiding...
What would you THINK the NYSE would see the next day... everyone would panic and it would spiral.
If Bloomberg+ Jamie Dimon + Goldman Sachs all post shit like that... they portofolio would go down in flames and their bonuses would evaporate.
This is why even Superman in Hong Kong ( Li Ka-shing) is keeping his mouth shut (to an extend) during protest + Corona virus.
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02-26-2020, 09:01 PM
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#10160 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
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Buy gold. It's already hit 2205 in cad this week and once virus hits pandemic with low numbers it's gonna hit $2500 -3k easy.
Grocery stores r also a good bet
Last edited by Rallydrv; 02-26-2020 at 09:06 PM.
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02-26-2020, 09:35 PM
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#10161 | | My homepage has been set to RS
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Originally Posted by Rallydrv Buy gold. It's already hit 2205 in cad this week and once virus hits pandemic with low numbers it's gonna hit $2500 -3k easy.
Grocery stores r also a good bet | How does one even buy gold?
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02-26-2020, 10:30 PM
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#10162 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
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^
Any bullion would sell you... VBCE has them too.
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Nothing for now
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02-27-2020, 02:39 AM
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#10163 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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you guys know you don't have to actually physically buy gold... there's lots of instruments you can use to "buy" gold lol.
i also wouldn't listen to warren buffet. no one here can trade like he does. the pragmatic returns he gets with his money, is not the same as with your money.
he can make 10% and it would be enough for all of us to retire.
you can make 10% and it wouldnt be enough to buy nice food everyday for a year LOL.
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02-27-2020, 05:49 AM
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#10164 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
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Wall Streets been giving Buffett a ton of grief for hoarding cash. Guess who's laughing now LOL
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02-27-2020, 08:50 AM
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#10165 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
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wall street is just wall street , greedy, and diss anybody who is being cautious, casue they rnt making $
with COVID. and how people are being reinfected. everything is going to take a hit. everybody is cutting forecast, and this hasn't even hit North A, and Europe hard yet.
bloodbath i tell u
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02-27-2020, 11:26 AM
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#10166 | | My homepage has been set to RS
Join Date: Nov 2008 Location: vancouver
Posts: 2,259
Thanked 2,515 Times in 552 Posts
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who's buying the dip
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02-27-2020, 03:18 PM
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#10167 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Mar 2010 Location: -
Posts: 1,593
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Waiting to re-buy AMD..
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02-27-2020, 03:55 PM
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#10168 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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Buying in tmr!
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
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02-27-2020, 04:26 PM
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#10169 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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How low will it goooo...
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | |
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02-27-2020, 04:31 PM
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#10170 | | RS has made me the bitter person i am today!
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Originally Posted by sonick How low will it goooo... | Like weather phenomenon, it will keep going until the cause of it is no longer there.
It's all about the news (and hence perception toward coronavirus). If we don't get any positive news... it's likely that the market would continue to its trend.
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Nothing for now
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02-27-2020, 11:05 PM
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#10171 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,293
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Originally Posted by Ulic Qel-Droma you guys know you don't have to actually physically buy gold... there's lots of instruments you can use to "buy" gold lol.
i also wouldn't listen to warren buffet. no one here can trade like he does. the pragmatic returns he gets with his money, is not the same as with your money.
he can make 10% and it would be enough for all of us to retire.
you can make 10% and it wouldnt be enough to buy nice food everyday for a year LOL. | Don't listen to buffet? His advice is amoung the safest around. And what's wrong with 10% compounded annually? That's pretty darn good for 95% of the population.
With $10,000 invested initially, and investing $500 per month every month for 30 years at 10% interest compounded = $1.3M after 30 years...
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02-28-2020, 06:59 AM
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#10172 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,138
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im watching the dip carefully but anyone else look at graphs and see that even with the panic selloff right now, stocks are only back to december 2019 prices? just shows how hysterically inflated the entire market has been these past few years. even if you did buy in today, you'd still be buying at basically a historical high. eventually reality will slap this bull market right in the cheek and take things down to where they belong.
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02-28-2020, 07:23 AM
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#10173 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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Just bought in a bit this morning. Will keep an eye on the news and distribute it over the next few weeks to average out losses.
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | |
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02-28-2020, 07:59 PM
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#10174 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,293
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Originally Posted by sonick Just bought in a bit this morning. Will keep an eye on the news and distribute it over the next few weeks to average out losses. | Damnit... The guys on cnbc are talking like we should buy this dip...The fact they are telling us to buy the dip tells me the worse is yet to come.
I was going to buy in, but people around me are telling me to buy the dip...Whenever the majority of people I talk to tell me something, it always turns out bad... sigh...
Double top just happened, technicals are telling me to stay away... Didn't end up buying this week. Expecting things to turn sour
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03-01-2020, 08:43 PM
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#10175 | | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
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| https://finance.yahoo.com/news/coron...173608909.html
about the starbucks how much could you trust that?...
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