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04-08-2020, 05:52 PM
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#10326 | | Need my Daily Fix of RS
Join Date: Apr 2013
Posts: 282
Thanked 170 Times in 68 Posts
Failed 15 Times in 5 Posts
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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.
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04-08-2020, 09:27 PM
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#10327 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,943
Thanked 2,658 Times in 1,026 Posts
Failed 253 Times in 72 Posts
| Quote:
Originally Posted by donk.  Im sure glad i sold all my stocks 6 months ago. | SPY only dropped like 13% since Nov highs. Not that bad haha
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04-09-2020, 11:33 AM
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#10328 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
Thanked 854 Times in 422 Posts
Failed 22 Times in 18 Posts
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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.
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04-09-2020, 11:42 AM
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#10329 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Sep 2011 Location: Surrey
Posts: 1,526
Thanked 903 Times in 320 Posts
Failed 148 Times in 30 Posts
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Originally Posted by Gerbs SPY only dropped like 13% since Nov highs. Not that bad haha | 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  | |
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04-09-2020, 11:45 AM
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#10330 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,015
Thanked 15,183 Times in 6,091 Posts
Failed 2,084 Times in 702 Posts
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Originally Posted by Liquid_o2 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. | 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
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Dank memes cant melt steel beams
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04-09-2020, 11:58 AM
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#10331 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,134
Thanked 4,504 Times in 2,172 Posts
Failed 296 Times in 140 Posts
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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.
Last edited by whitev70r; 04-09-2020 at 12:05 PM.
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04-09-2020, 12:13 PM
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#10332 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
Posts: 9,640
Thanked 7,689 Times in 2,581 Posts
Failed 434 Times in 126 Posts
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Been buying xfn for an all around Canadian bank ETF.
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04-09-2020, 12:54 PM
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#10333 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,431
Thanked 9,514 Times in 2,455 Posts
Failed 393 Times in 159 Posts
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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.
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04-09-2020, 01:49 PM
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#10334 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,077
Thanked 1,290 Times in 597 Posts
Failed 65 Times in 37 Posts
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Originally Posted by Phozy 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 | Short position as well. Nothing in this market makes sense.
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04-10-2020, 12:12 PM
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#10335 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,134
Thanked 4,504 Times in 2,172 Posts
Failed 296 Times in 140 Posts
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Is the markets open today, can you sell and trade?
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04-10-2020, 01:17 PM
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#10336 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,077
Thanked 1,290 Times in 597 Posts
Failed 65 Times in 37 Posts
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Originally Posted by whitev70r Is the markets open today, can you sell and trade? | No
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04-10-2020, 03:47 PM
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#10337 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,815
Thanked 2,902 Times in 1,249 Posts
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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.  ) 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. 
Again, stay safe guys!
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Nothing for now
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04-14-2020, 09:00 PM
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#10338 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
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bull traps.
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04-14-2020, 10:24 PM
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#10339 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,134
Thanked 4,504 Times in 2,172 Posts
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Leverage this mini bull market. Sell some of your stocks in +'ve territory and have some cash ready to buy when the bear comes.
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04-15-2020, 12:47 PM
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#10340 | | 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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Choppiness = trader's paradise right now.
Long term investor should be very cautious.
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04-15-2020, 05:39 PM
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#10341 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,600
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
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Originally Posted by threezero 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
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I'm old now - boring street cars and sweet race cars. | |
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04-15-2020, 08:00 PM
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#10342 | | 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 lowside67 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
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04-15-2020, 09:05 PM
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#10343 | | 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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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.
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04-15-2020, 11:08 PM
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#10344 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
Posts: 8,134
Thanked 4,504 Times in 2,172 Posts
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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
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04-16-2020, 05:58 AM
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#10345 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
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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.
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04-16-2020, 12:13 PM
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#10346 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,444
Thanked 3,338 Times in 1,467 Posts
Failed 240 Times in 64 Posts
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Are people actually falsely applying for CERB and investing it? Can't tell if serious or not.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
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04-16-2020, 01:05 PM
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#10347 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
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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.
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04-16-2020, 01:36 PM
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#10348 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,802
Thanked 9,487 Times in 4,140 Posts
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Originally Posted by Razor Ramon HG Are people actually falsely applying for CERB and investing it? Can't tell if serious or not. | I know people who have done that with gov't student loans, it wouldn't surprise me at all if they did this too.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
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04-18-2020, 11:29 AM
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#10349 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
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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...
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04-18-2020, 03:02 PM
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#10350 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,015
Thanked 15,183 Times in 6,091 Posts
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Anyone making under $20 an hour is Likely better taking the cerb than going to work
The difference is losing benefits etc
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