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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.
I honestly don't get the hype behind people buying Zoom.
Any decent sized company should already have an established VPN infrastructure and video conferencing platform.
Microsoft Teams comes with most O365 licenses and that would probably work for smaller companies that didn't want to spend the money for Zoom or GoToMeeting.
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Owner of Vansterdam's 420th thanks. OH YEAUHHH.
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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.
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
If you do this, you should plan out when your entry point will be.
The problem with cashing out is not knowing when to go back in. It's impossible to time the bottom, so what tends to happen with novice investors that go into cash is not knowing when to get back in. What will happen is the market will rebound and then you'll never get back in because you don't want to buy high, and you'll wait for the next dip, which won't come and it'll pass you by.
So, if you're going to go cash, that's fine, just have a strategy on when to get back in, otherwise the market will rebound and you'll be holding your cash hating yourself.
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.
If you are into Zoom... I'd suggest taking a good look at MSFT. They are taking some good chunk off the market share from Webex (CISCO) and zoom with their solutions.
So many people trying to catch falling dagger here..
GDP forecast of pretty much every country in the world is expected to be cut drastically..
North America is just beginning to see corona virus outbreak.. If you follow what's happening in Europe, you can assume that things will soon be a lot.. a LOT worse than now..
Many industries will soon or have already cut number of jobs. Unemployment rate hike is unavoidable.
The only two countries that are recovering from Corona outbreak now is China and South Korea. China have absolute control over people which is not possible for western countries. South Korea's approach to this virus was nothing shy of stunning: complete transparency even if it means short term loss of millions of dollars daily for businesses. Canada? do we even know anything about whereabouts infected has been to? not even where they live in fear of people panicking..
Worst is far.. far from over.. it's just beginning..
Sure the stock is much better bargain now than it was a month ago and it will likely be higher 2 years from now.
However, I think the dagger is still falling. I wouldn't jump into the market right now though for the FOMO.
So many people trying to catch falling dagger here..
GDP forecast of pretty much every country in the world is expected to be cut drastically..
North America is just beginning to see corona virus outbreak.. If you follow what's happening in Europe, you can assume that things will soon be a lot.. a LOT worse than now..
Many industries will soon or have already cut number of jobs. Unemployment rate hike is unavoidable.
The only two countries that are recovering from Corona outbreak now is China and South Korea. China have absolute control over people which is not possible for western countries. South Korea's approach to this virus was nothing shy of stunning: complete transparency even if it means short term loss of millions of dollars daily for businesses. Canada? do we even know anything about whereabouts infected has been to? not even where they live in fear of people panicking..
Worst is far.. far from over.. it's just beginning..
Sure the stock is much better bargain now than it was a month ago and it will likely be higher 2 years from now.
However, I think the dagger is still falling. I wouldn't jump into the market right now though for the FOMO.
Many truth in your post, but there's something I want to add and some I beg to differ.
It's super hard to buy the bottom. Retail investors always try, but I've rarely heard many success other than some pure luck. And big investors like Berkshire or Blacksone... etc, they rarely EVER try to do it. Because it's not about picking the lowest point, but rather a LOW point.
Take a look at an example I discussed with my friend the other day. The shares of BRK.A went from the top of 130k in Sep/08 to the low of 75k or so in Mar/09. In between, they've had a few points of 80-90ks that went up and downnn until 75k. But if you invested in it for the long term and only cashed out at the relative recent highs before the crash, a share was 300k+.
So, if you looked at that example, for people who bought at 80k or 90k, did they make the bad decision to buy in? If you look at it at the low of 75k... yeah... but if you look at it from just a month ago... they did GREAT! So, it's not about picking the lowest point, but rather a relative cheap point where the shares have a lot of potentials.
So, while it's true you don't try to buy a falling share, you should always try to find a REASONABLE VALUE of a stock. And if you bought it at a good value... you'd always be rewarded in the long term assuming it was a good company.
I agree with a lot of your post about not trying to catch a falling knife. But with that said, with how hard it is to buy the bottom, being patient and maybe missing a bit of the up is a lot less painful than perhaps buying too early and having to watch the down before the up.
Just food for thought.
-Mark
__________________ I'm old now - boring street cars and sweet race cars.
Agree with both and 100% in the long run, as long as company fundamental is sound, you are going to do well in the long run.
It's just that with so much uncertainty and seeing things happening around Asia and Europe and knowing that it's just beginning for us, I personally think that it's better to lose out on some of the opportunity now than jumping into the market knowing that storm is coming..
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Originally Posted by nabs
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.
Is there a version of these VIX stocks on the TSX? Hoping to trade in Canadian dollars.
Is there a version of these VIX stocks on the TSX? Hoping to trade in Canadian dollars.
Not that I'm aware of.
You'll have to do a conversion. But if you're with a bank like CIBC, you can have them move it from your CAD side of your portfolio to your USD side so you don't need to deal with conversion fees each time you make a trade.
__________________
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.
does anyone know the rules on sending money into your spouses TFSA directly?
as mentioned i've topped mine up, but can i transfer funds directly from my bank account into my wifes TFSA? i believe i've done it in the past but with a larger amount i wanted to be sure
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All my gains from my TFSA/RRSP wiped out...
