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Razor Ramon HG 03-01-2020 10:28 PM

Quote:

Originally Posted by PeanutButter (Post 8975986)
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

Buy in when you feel comfortable with the price or DCA.

unit 03-02-2020 07:32 AM

Quote:

Originally Posted by PeanutButter (Post 8975986)
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

the way i look at it is that if you were already buying regularly before the dip, then this is an even better time to continue doing so. if you are on the outside looking in and have not been active in buying over the last few years, then i'd recommend not jumping in with both feet. also whether you're in or out, i would not recommend over-leveraging to get in right now, just buy as usual, or maybe just slightly more than usual. it's a good time to make sensible buying decisions.

threezero 03-02-2020 04:48 PM

Long term invest Dollar cost average is gonna be the best bet for most people.

on a shorter term.

Our daily charts are looking eerily like 2008

xxxrsxxx 03-02-2020 05:42 PM

Anyone buying US stocks in your TSFA? How does that work? You deposit CDN into your TSFA and then convert that into USD? I assume you would have to open a US TSFA stock account to transfer that money into.

Razor Ramon HG 03-02-2020 06:05 PM

Quote:

Originally Posted by xxxrsxxx (Post 8976309)
Anyone buying US stocks in your TSFA? How does that work? You deposit CDN into your TSFA and then convert that into USD? I assume you would have to open a US TSFA stock account to transfer that money into.

I just deposit CAD and when buying US stocks, it automatically calculates the exchange rate for me.

whitev70r 03-02-2020 08:15 PM

Buy stocks in Purex, Charmin, and Cottonelle.

Purely 03-02-2020 10:54 PM

Quote:

Originally Posted by xxxrsxxx (Post 8976309)
Anyone buying US stocks in your TSFA? How does that work? You deposit CDN into your TSFA and then convert that into USD? I assume you would have to open a US TSFA stock account to transfer that money into.

That's what I do for my TFSA Questrade account. I deposit CAD and when I buy a USD ticket stock, it will automatically convert CAD to USD for me. Since the amounts I transfer aren't big enough, I don't bother with Norbert's Gambit.

I would check with your Broker to see how they handle it.

Gerbs 03-03-2020 12:34 PM

I always do Norbert's Gambit when swapping CAD to USD.

ilovebacon 03-03-2020 01:06 PM

Quote:

Originally Posted by xxxrsxxx (Post 8976309)
Anyone buying US stocks in your TSFA? How does that work? You deposit CDN into your TSFA and then convert that into USD? I assume you would have to open a US TSFA stock account to transfer that money into.

I would like to know too, but I think you are correct. I tried using the platform Questrade. My funds didn't go through and I was having problems setting it up. After back and forth emailing their unsupportive customer support. I gave up LOL.

I tried using Robinhood too... but it's only for Americans...

What platform is user-friendly for newcomers?

kr4l 03-03-2020 02:10 PM

I used TD and it’s very user friendly

underscore 03-03-2020 03:24 PM

I'm a total noob but QTrade is super easy to use.

finbar 03-05-2020 11:51 AM

Any opinions on TVIX?

nabs 03-05-2020 12:14 PM

Quote:

Originally Posted by finbar (Post 8976565)
Any opinions on TVIX?

Keep an eye on any VIX sort of stocks when other shit goes down hill, if markets start to slump, these start to go up. I've only day traded VIX and I would not recommend bag holding on these.

TVIX, VIX, VIXY, VIIX.

Rallydrv 03-08-2020 03:49 PM

Quote:

Originally Posted by Razor Ramon HG (Post 8976310)
I just deposit CAD and when buying US stocks, it automatically calculates the exchange rate for me.

I was under the impression that you can't buy us stocks in tfsa and rrsp. Maybe u can but then they will be taxed outside of tfsa and rrsp norms

sonick 03-09-2020 05:46 AM

Free fallin'!!!

whitev70r 03-09-2020 05:50 AM

Oh my ... panic has hit the markets. NYSE, TSX halted.

kr4l 03-09-2020 11:33 AM

As bad as the market is right now, this is the perfect opportunity to get in

blkgsr 03-09-2020 11:50 AM

i've topped up my TFSA limit from 2019 and 2020, waiting to buy something smart

dear god i need to get into something smart

nabs 03-09-2020 02:56 PM

Quote:

Originally Posted by Rallydrv (Post 8976954)
I was under the impression that you can't buy us stocks in tfsa and rrsp. Maybe u can but then they will be taxed outside of tfsa and rrsp norms

Been trading in USD in my TFSA for a few years now, never had any sort of restriction.

SiRV 03-09-2020 03:07 PM

Quote:

Originally Posted by blkgsr (Post 8977067)
i've topped up my TFSA limit from 2019 and 2020, waiting to buy something smart

dear god i need to get into something smart

VGRO

DragonChi 03-09-2020 07:12 PM

Anyone getting taxed from the IRA on US stocks? I read that it is an automatic deduction from dividends.

sonick 03-09-2020 08:15 PM

Quote:

Originally Posted by SiRV (Post 8977100)
VGRO

May as well go all in with VEQT

6793026 03-09-2020 10:18 PM

lost my 3 yrs earnings in the lsat 2 weeks. danggg eeveryone getting hit hard.

corollagtSr5 03-10-2020 12:52 AM

Quote:

Originally Posted by Rallydrv (Post 8976954)
I was under the impression that you can't buy us stocks in tfsa and rrsp. Maybe u can but then they will be taxed outside of tfsa and rrsp norms

https://www.moneysense.ca/save/inves...cks-in-a-tfsa/

corollagtSr5 03-10-2020 12:54 AM

So buy back in late spring when the coronavirus starts to burn out and the economy starts to rebound?


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