Anybody been playing the dips the last couple weeks? From the sidelines it looks like it goes down for a couple days then a nice pop then back down a couple days, then another pop.

SPY only dropped like 13% since Nov highs. Not that bad haha

Anyone have opinions on Vanguard ETF's such as VBAL or VGRO? I put a bunch of cash into my RRSP earlier this year - looking to invest it soon as the markets stabilize. Prefer to have something that I can just forget about and not be hands on.

Which is outrageous in my opinion. We are not in a better position from a risk, cash flow, and growth position than when we were in 2019. Nor is the near term outlook.

Disclosure: Im short so i'm mad :lol

I got into VUS last week, took some profits from a bump earlier in the week and tossed them in there for the long haul

Vanguard ETF's have always been a good steady long term performer for me. In fact, they were some of the ones to first bounce back into positive territory ... having said that, you kinda should have bought last week.

Right now, banks like CIBC, TD, BMO are still low and there may be value there. Air Canada is another possibility for some value. I've always been told to buy ETF's or stocks with dividends.

Been buying xfn for an all around Canadian bank ETF.

Put money in DG, MCD and AC, good returns over the past few days. Biggest drops for me are LYV and NCLH but they're both long term holds for me.

Short position as well. Nothing in this market makes sense.

Is the markets open today, can you sell and trade?

No

IMO, (take it at your own risk, I'm just sharing my $0.02) if you are in the mid to long term, one thing to consider is what JT (yes, our great PM. :fuckthatshit: ) mentioned: "The new normal until a vaccine is developed."

From the record-breaking (by a big margin too) job-losing trend that we are seeing, a depression isn't too far off of a word to describe what's coming to us.

If you don't have a good saving to go through the worst (say... 12-16mth without a job), and you have stock of a decent company (good cashflow and cash on hand to withstand the storm) and it's still positive, or even in my own case, not down by a whole lot, I'd cash it out during the bear traps we are having now because I think the shitstorm is going to hit us when Q1/Q2 financials come out. Just expect that they won't be pretty and guidance would be lowered or simply pulled altogether.

Furthermore, back to the topic of "new normal"... it doesn't matter what kind of stimulus our gov't pump into the economy... the truth is that until a vaccine is developed (which, at the most optimistic estimate, we are a year away at least) and widely adopted, the economy will continue to be suppressed and many business, well, won't be in business.

This is going to have a huge effect on wages/income/purchasing power as a whole. People would resort to the bare minimum of their needs. Many industries such as tourism, transportation, logistic, gastronomy... etc would be hit hard as demand would fell off the cliff.

I might be too pessimistic. But all the reports and numbers I'm gathering gives very little to be cheerful about. And many, whom I consider my mentors, are telling me that even though a great opportunity might be ahead of us, we first have to endure the very worst of everything.

Thus, the first and foremost priority is stay safe and healthy guys. All the money in the world means nothing if you can't stay healthy. Once we past that, we have to stand with the rest of society until most go through the aftermath. Then, I think when the dust settles, we can start investing in whatever the heck we want because deals will be EVERYWHERE. :D

Again, stay safe guys!

bull traps.

Leverage this mini bull market. Sell some of your stocks in +'ve territory and have some cash ready to buy when the bear comes.

Choppiness = trader's paradise right now.

Long term investor should be very cautious.

Actually, a long term investor should be just fine. Anybody with a time horizon of 5 years or longer shouldn't lose any sleep at all.

It's trading with emotion and a short time horizon that loses most people their money.

-Mark

Exactly, the post above yours made no sense at all

Trader shouldn't be trading with emotion.

Thats call gambling.

If this is the "greatest depression ever", 5 year might not be long enough of a time frame.

I agree with Hehe, we are definitely not in the clear yet. Cash is king right now. Worse case scenario, the lost decade in japan has not been kind for long term investor.

And you can 'borrow' $2000/mth from govt to invest ... with worst case scenario having to payback next tax deadline, April of 2021. It's called CERB

The worst case is that you lose 50% on your princpal because of poor earnings reports, and still have to pay back that loan.

e.g. borrow 2000 from the CERB, invest now, stock drops 50%, you still need to payback 2000. Though, you could always wait till the stock drops then invest. There will be buying oppurtunities at that time.

Cash is trash if we enter hyper inflation territory.

Are people actually falsely applying for CERB and investing it? Can't tell if serious or not.

Read this BNN article about people who "mistakenly" filed for both EI and CERB.
https://www.bnnbloomberg.ca/pattie-l...ment-1.1420747

Won't be surprised some people are applying for CERB (qualified or not) just to weather the storm. Just be aware that it's taxable and might lead to you being audited. The latter would be such a pain in the ass that it shouldn't be worth considering.

I know people who have done that with gov't student loans, it wouldn't surprise me at all if they did this too.

Nearly all my life I've paid maximum EI premium, and I never expected to actually make use of it.. Now that I am qualified, I won't be getting EI, but instead CERB that pays quiet a bit less than actual EI. EI should've paid me $573 weekly vs flat $2000 CERB monthly.. the difference between EI and CERB would be little over $1,300 from March 15-May 30 period..
I know a friend who works in facility that takes care of mentally challenged people that only works part time and makes little over $1500 pretax.. That friend is actually better off not working at all and collect CERB, but the person decided to continue working out of good heart.. It pisses me off sometimes that people working hardest in this country is often getting shortest end of stick from the government.
I really hope that at the very least, government works something out to compensate those front line workers with mediocre income instead of paying CERB to temporary work permits who will likely never contribute paying enough taxes in Canada...

Anyone making under $20 an hour is Likely better taking the cerb than going to work

The difference is losing benefits etc