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Revscene Wall Street.
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03-10-2020, 09:20 AM
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#10201 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,386
Thanked 2,864 Times in 1,151 Posts
Failed 152 Times in 75 Posts
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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
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03-10-2020, 12:02 PM
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#10202 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,855
Thanked 3,513 Times in 1,158 Posts
Failed 212 Times in 81 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 | | 
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03-10-2020, 12:04 PM
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#10203 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,855
Thanked 3,513 Times in 1,158 Posts
Failed 212 Times in 81 Posts
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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 | | |
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03-10-2020, 04:01 PM
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#10204 | | 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
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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
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03-10-2020, 06:59 PM
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#10205 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,798
Thanked 2,886 Times in 1,239 Posts
Failed 626 Times in 198 Posts
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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
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03-10-2020, 08:03 PM
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#10206 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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Originally Posted by nabs Don't get taxed on my US dividends within TFSA. | How did you manage that? https://www.moneysense.ca/save/inves...cks-in-a-tfsa/ | |
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03-11-2020, 01:25 AM
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#10207 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
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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.
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03-11-2020, 08:35 AM
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#10208 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,855
Thanked 3,513 Times in 1,158 Posts
Failed 212 Times in 81 Posts
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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 | | |
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03-11-2020, 12:00 PM
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#10209 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
Failed 240 Times in 64 Posts
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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. | | |
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03-11-2020, 04:55 PM
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#10210 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,865
Thanked 2,575 Times in 990 Posts
Failed 253 Times in 72 Posts
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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]
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03-11-2020, 06:14 PM
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#10211 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
Failed 240 Times in 64 Posts
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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. | | |
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03-11-2020, 06:59 PM
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#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
Failed 96 Times in 53 Posts
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Personally I would buy back when you start seeing positive forward guidance from companies.
$100 Tommorrow will be another circuit breaker day
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03-11-2020, 07:11 PM
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#10213 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
Failed 21 Times in 14 Posts
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Another +\- 1000 tomorrow. Gonna be down for a while. Maybe till Sept when qrt results r announced. Provided this dies in June
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03-11-2020, 08:37 PM
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#10214 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
Failed 149 Times in 56 Posts
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All my gains in my RRSP/TFSA, the stuff I thought was conservative/safe ain't so anymore...Reds all day.....
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03-11-2020, 09:35 PM
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#10215 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
Failed 21 Times in 14 Posts
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^ market was due for a major correction anyways. It was expected, just timing and reason was different
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03-11-2020, 10:29 PM
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#10216 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,798
Thanked 2,886 Times in 1,239 Posts
Failed 626 Times in 198 Posts
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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
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03-11-2020, 11:07 PM
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#10217 | | I Will not Admit my Addiction to RS
Join Date: May 2014 Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
Failed 21 Times in 14 Posts
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^ i cashed out earlier last year and holding cash in rrsp. Gonna jump in, in a few weeks
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03-11-2020, 11:32 PM
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#10218 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,436
Thanked 3,335 Times in 1,464 Posts
Failed 240 Times in 64 Posts
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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. | | |
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03-12-2020, 12:39 AM
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#10219 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,441
Thanked 2,926 Times in 777 Posts
Failed 407 Times in 108 Posts
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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.
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03-12-2020, 09:50 AM
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#10220 | | My homepage has been set to RS
Join Date: Jun 2008 Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 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.
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03-12-2020, 10:24 AM
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#10221 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
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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.
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03-12-2020, 10:58 AM
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#10222 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,386
Thanked 2,864 Times in 1,151 Posts
Failed 152 Times in 75 Posts
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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.
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03-12-2020, 11:31 AM
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#10223 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
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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.
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03-12-2020, 12:55 PM
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#10224 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,386
Thanked 2,864 Times in 1,151 Posts
Failed 152 Times in 75 Posts
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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.
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03-12-2020, 12:57 PM
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#10225 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
Failed 149 Times in 56 Posts
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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.
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