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The Business and Financial ForumTHIS 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.
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.
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.
I'd stay away from weed stocks right now, those are super risky.
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Originally Posted by ilovebacon
Would you be able to guide me on how to transfer funds into my QT ac from my TFSA?
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.
so far a little bump today, thoughts this is temporary then further decline?
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.
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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
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
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"
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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
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...
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.
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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!
