what about major banks like TD and RBC ?Thoughts?

ya BMO is taking a massive hit too

talking to my buddy the other day and he was worried when it was at $75....now at $60


every stock is at double digit negative today

This is exactly why we are no where near bottom.

Would you be able to guide me on how to transfer funds into my QT ac from my TFSA?

I’d help but I don’t use QT. I’m sure there are lots of tutorials online for that though

Ballsy move. I like it

Planning to do the same too

what goes down has to go up :ahwow:































just matter of time

Warren Buffett - be greedy when others are fearful

Warren buffet is the one that’s been sitting on many billions of cash for years now and still is.

Buffett strategy make sense when you have a bank account like Buffett. I really wish people would stop quoting him....

So many deals , but only so much cash

I'd stay away from weed stocks right now, those are super risky.

I don't think there is an online method to transfer your TFSA to QT, you have to call QT and get them transferred in kind otherwise it'll count as a TFSA withdrawal.


Telus is splitting on March 17, 2020 FYI.

If I were to choose a bank, I would take RBC as they're the biggest book in Canada. TD has more exposure to the US, for what that's worth.

Guys keep tel os in mind. Cause when 5g hits big. It's gonna be telcos providing the services

so far a little bump today, thoughts this is temporary then further decline?

Borrowing to invest makes sense when doing it with safe globally diversified funds and a long time horizon.

No knowledgable evidence here just gut feeling, but of US is headed to trend like Italy a week from now, I think it'll still decline.

People working and staying at home I imagine will have quite a large impact on the economy, or at least consumer confidence.

pretty much lost all the gains $ I made from my tfsa mutual funds since putting it in there.

debating if I should pull it all out or sit and wait since I put most of my savings into this shit

you shouldnt be in mutual funds in 2020, nobody should be paying 2%+ for fees when you could pay less than 0.25% for etfs that perform the same.

rrsp mutual funds that your company matched contributions for are the only time you should be buying them imo

Unless you plan on retiring next month, there is no reason why you would pull out at this point. Historically, markets rebound. If anything, if you have cash, now is the time to buy.

As the hoes say... "leave it in" :ifyouknow:

ya it's buy time....questions is just when and what

banks?
rail?
telcom?

Well, as more and more people stay home. You bet your butt there's going to be a huge uptick in home services so the telco's and cable providers going to be quite busy. Whether that just means more service costs or actually more revenue is something else though. Could go either way...

Wasn't telco's being targetted by the government? Read somewhere that they want a majority of cellphone plans cut by 25%.

Just a quick tip. Companies that have tech that supports remote work... may be a good idea as more people will be looking into work from home tech.

Did anyone else watch Trump's address live? He invited the entire Dow Jones for a beauty pageant.

What a run today. But IMHO, this is more like a bull trap.

Remember, like the weather, all major corrections are based on some event that triggered the correction in the first place. Until that is gone, the market isn't really done dropping.

Today the correction was due to 2 things: the Wuhan virus and OPEC/Russia being childish at each other.

US/CA are at the very beginning of the spreading stage and OPEC/Russia aren't ready to talk to each other yet. So, things are going to get worse before it gets better.

Thus, make your decisions accordingly, don't get too emotional about the ups and downs of the market. Remember, it's EXTREMELY hard to buy at the lowest point (vice-versa, selling at highest). So, never try to time it. If you are in the simple buy-low-sell-high strategy, as long as you bought it at a relative low point, you should make your money eventually.

so who picked up some value players at non-fundamental prices?

the tech remote work play like Zoom has the fear factor already priced in. no value to be found.