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. |
 | | 
03-10-2020, 08:20 AM
|
#10201 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,138
Thanked 2,536 Times in 1,023 Posts
| Quote:
Originally Posted by 6793026  lost my 3 yrs earnings in the lsat 2 weeks. danggg eeveryone getting hit hard. | didnt lose unless you sold.. just weather the storm and if you're holding cash then it's not a bad time to continue buying
| 
|  | |
03-10-2020, 11:02 AM
|
#10202 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,850
Thanked 3,511 Times in 1,156 Posts
| Quote:
Originally Posted by corollagtSr5 So buy back in late spring when the coronavirus starts to burn out and the economy starts to rebound? | buy now, but do your research, buy things that you know will bounce back. But you could be waiting up to a year for a long return of a nice value.
I've stopped penny trading (used to swing pennies for a few weeks at a time, or day trade) - pennies can go bankrupt in this market. I'm looking at bigger players now that will rebound. Nothing volatile. People looking at Pharma and stuff is too late. Think about what people will need in the recovery now...
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
| | |
03-10-2020, 11:04 AM
|
#10203 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,850
Thanked 3,511 Times in 1,156 Posts
| Quote:
Originally Posted by DragonChi Anyone getting taxed from the IRA on US stocks? I read that it is an automatic deduction from dividends. | Don't get taxed on my US dividends within TFSA.
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
| | |
03-10-2020, 03:01 PM
|
#10204 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,638
Thanked 755 Times in 379 Posts
| Quote:
Originally Posted by sonick May as well go all in with VEQT | doesn't seem like either of those has dropped very much since this whole thing started...
BMO on the other hand is down like $30 in the last month...that would seem like more of an opportunity for better upside when things start going back in the right direction
| |
| | |
03-10-2020, 05:59 PM
|
#10205 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,649
Thanked 2,796 Times in 1,196 Posts
|
Anyone in the cruise sector care to shine a light?
Namely NCLH, RCL and CCL.
I think the drop is a bit overblown. And both RCL and CCL offer a decent dividend. And being the big 3, from a quick glance on their financials, they should have enough capital to weather this storm.
Any comments before I dump money on their shares?
__________________
Nothing for now
| |
| | |
03-11-2020, 12:25 AM
|
#10207 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
| Quote:
Originally Posted by Hehe Anyone in the cruise sector care to shine a light?
Namely NCLH, RCL and CCL.
I think the drop is a bit overblown. And both RCL and CCL offer a decent dividend. And being the big 3, from a quick glance on their financials, they should have enough capital to weather this storm.
Any comments before I dump money on their shares? | Man, I'm not so sure they will recover as fast as say airlines. I thought about buying it as well. I'll just stick to railroad stocks and utilities and such.
| |
| | |
03-11-2020, 07:35 AM
|
#10208 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,850
Thanked 3,511 Times in 1,156 Posts
| Quote:
Originally Posted by DragonChi |
I haven't looked recently, but I get the exact payout amount as specified. It does not show any extra taxes or US taxes on the information page. Unless the value is already reduced on the information page that shows the dividend amount.
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
| | |
03-11-2020, 11:00 AM
|
#10209 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,380
Thanked 3,302 Times in 1,444 Posts
|
From what I read, US stock dividends are still taxed by US laws. My Apple dividends were taxed automatically within my TFSA.
__________________ 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. | | 
| | |
03-11-2020, 03:55 PM
|
#10210 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,735
Thanked 2,464 Times in 932 Posts
|
That's correct TFSA is not recognized by the US, RRSP is though.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
| |
| | |
03-11-2020, 05:14 PM
|
#10211 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,380
Thanked 3,302 Times in 1,444 Posts
|
Get ready for more dumps tomorrow. Futures all down.
Trump address was a total waste of 12 minutes.
__________________ 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. | | |
| | |
03-11-2020, 05:59 PM
|
#10212 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
|
Personally I would buy back when you start seeing positive forward guidance from companies.
$100 Tommorrow will be another circuit breaker day
| |
| | |
03-11-2020, 06:11 PM
|
#10213 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
|
Another +\- 1000 tomorrow. Gonna be down for a while. Maybe till Sept when qrt results r announced. Provided this dies in June
| |
| | |
03-11-2020, 07:37 PM
|
#10214 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,145
Thanked 1,328 Times in 581 Posts
|
All my gains in my RRSP/TFSA, the stuff I thought was conservative/safe ain't so anymore...Reds all day.....
| |
| | |
03-11-2020, 08:35 PM
|
#10215 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
|
^ market was due for a major correction anyways. It was expected, just timing and reason was different
| |
| | |
03-11-2020, 09:29 PM
|
#10216 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,649
Thanked 2,796 Times in 1,196 Posts
|
Too much pessimism in here. 
Anyone waiting to go in big? I missed my opportunity in 08 (didn't have any money fresh out of college) and I'm sure I won't miss this time around.
__________________
Nothing for now
| |
| | |
03-11-2020, 10:07 PM
|
#10217 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
|
^ i cashed out earlier last year and holding cash in rrsp. Gonna jump in, in a few weeks
| |
| | |
03-11-2020, 10:32 PM
|
#10218 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,380
Thanked 3,302 Times in 1,444 Posts
|
I personally think the bottom will be in a few weeks when the US hits the panic button and declares a state of emergency over the coronavirus. Either the 23rd or 30th since weekends have been particularly very bad lately.
__________________ 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. | | |
| | |
03-11-2020, 11:39 PM
|
#10219 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,293
Thanked 2,822 Times in 735 Posts
|
TFSA is not recognized as a tax sheltered account in the USA. You will still get taxed 15% withholding tax from the USA.
I hope everyone invests monthly. If so, you should be buying monthly regardless. Say you buy $500 a month. Keep doing that, that shouldn't change. The only thing that should change is if you have more cash lying around, consider putting $700 or $800 this month.
Don't go crazy, this market is going to be volatile, but these are better deals than before, just expect the market to continue to go down. We've been on a 12 year bull run, there's a higher probability the market will go down. Just keep investing like you normally would, but if you have some free cash around, put it in.
If you're thinking you can make a quick flip, you're a market timer, and that rarely goes well. Unless you have that apetite, don't do it. Just put a little more away and keep doing your daily routine.
I'm waiting for Dollarama to drop below $35, i've been waiting for that for awhile. Hoping to finally get into it.
| |
| | |
03-12-2020, 08:50 AM
|
#10220 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
| Quote:
Originally Posted by Razor Ramon HG I personally think the bottom will be in a few weeks when the US hits the panic button and declares a state of emergency over the coronavirus. Either the 23rd or 30th since weekends have been particularly very bad lately. | I'm thinking when we see heavy layoffs across multiple sectors and economic numbers looking bleak.
That's when the bottom will be in.
But like peanutbutter said, best to stop reading and investing so much time and just set a monthly figure and invest that.
| |
| | |
03-12-2020, 09:24 AM
|
#10221 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
| Quote:
Originally Posted by Hehe Too much pessimism in here.
Anyone waiting to go in big? I missed my opportunity in 08 (didn't have any money fresh out of college) and I'm sure I won't miss this time around. | I'm dropping $50k into my equity funds when the DOW hits 20,000, then another $50k for every 2000 points the DOW drops.
| |
| | |
03-12-2020, 09:58 AM
|
#10222 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,138
Thanked 2,536 Times in 1,023 Posts
|
i'm buying all the way down. nibbled yesterday, took a bigger nibble today.
i will continue to do so every few days of big losses until i'm out of cash.
if the market goes down for longer than that, then so be it.
| |
| | |
03-12-2020, 10:31 AM
|
#10223 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
|
This is our chance to make REAL long lasting money while young. I didn't have enough capital back in 08' but here we go now! I'm going to borrow up to 300K all the way down as well.
| |
| | |
03-12-2020, 11:55 AM
|
#10224 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,138
Thanked 2,536 Times in 1,023 Posts
|
you're borrowing money to invest? if there's a list of things not to do when investing, that would be near the top. good luck to you sir.
| |
| | |
03-12-2020, 11:57 AM
|
#10225 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,145
Thanked 1,328 Times in 581 Posts
|
I've maxed out my TFSA and down $12K in weed. Not sure if I even wanna take any chances in anything else right now, even though there's so much uphill growth down the road once this virus phase is moved on.
| |
| | | |
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 03:59 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!
