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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. |
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12-24-2020, 12:09 PM
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#10776 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
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Just holding until something is announced then reevaluating.
I bought in at $13, so there is a potential downside of 30% if it happens to drop back to the $10 NAV, but with who's on the management team, I don't think it will happen even if it ends up not being Tokopedia.
It went up as high as $19-20 during premarket today. I think someone knows something because generally SPACs trade flat until certain catalysts like a target is announced, letter of intent, etc.
__________________ 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. | | 
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12-29-2020, 02:07 AM
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#10777 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
Failed 291 Times in 187 Posts
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Whatever happened to Hard Gay anyway?
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12-29-2020, 10:08 PM
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#10778 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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Originally Posted by 68style Whatever happened to Hard Gay anyway? | I'm right here. 
__________________ 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. | | |
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01-02-2021, 12:54 PM
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#10779 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
Failed 149 Times in 56 Posts
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New year, new TFSA contribution room. What are you guys putting it into?
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01-02-2021, 03:45 PM
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#10780 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
Failed 231 Times in 90 Posts
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Originally Posted by Euro7r New year, new TFSA contribution room. What are you guys putting it into? | My mortgage
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01-02-2021, 04:14 PM
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#10781 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
Failed 627 Times in 199 Posts
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Originally Posted by Euro7r New year, new TFSA contribution room. What are you guys putting it into? | All in for TSM
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Nothing for now
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01-02-2021, 04:25 PM
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#10782 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
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Originally Posted by Jmac My mortgage | Why?! With mortgage rates as low as they are it is incredibly hard to justify repaying debt instead of investing unless you are really close to making a move or something.
-Mark
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I'm old now - boring street cars and sweet race cars. | |
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01-03-2021, 02:27 PM
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#10783 | | I don't get it
Join Date: Jan 2007 Location: vac
Posts: 449
Thanked 263 Times in 96 Posts
Failed 7 Times in 6 Posts
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Originally Posted by Euro7r New year, new TFSA contribution room. What are you guys putting it into? | SPACs
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01-03-2021, 09:51 PM
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#10784 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,536
Thanked 2,438 Times in 1,027 Posts
Failed 166 Times in 73 Posts
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Originally Posted by lowside67 Why?! With mortgage rates as low as they are it is incredibly hard to justify repaying debt instead of investing unless you are really close to making a move or something.
-Mark | This has always been my dilemma and my financial advisor has to decipher for me.
1) it's so cheap to borrow, take as long as possible to pay.
2) Faster I pay off, I will then get better rental income.
Each time i see an advisor, they always try to sell me packages and never really answer which one i should do; cause come on... they all make money if i put in RRSP / RESP / TFSA etc.
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01-04-2021, 01:46 PM
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#10785 | | 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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My wife and I dumped a ton of money on our mortgage at the end of the year because we are looking at upgrading in the next 12 to 18 months. Then we can just draw the equity out and have a bigger down payment.
I'm also wondering where people are putting their new contribution room - I now have some extra money sitting around that will go into TFSA and RRSP in the next month or two. RRSP has been Vanguard ETF's in the past - but I like to be more aggressive in my TFSA. I've been doing a lot of research into the renewables sector but I got confused AF as their is a lot of differing opinions to sift through.
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01-04-2021, 02:34 PM
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#10786 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,431
Thanked 2,905 Times in 1,169 Posts
Failed 153 Times in 76 Posts
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>>2) Faster I pay off, I will then get better rental income.
what do you mean by this? you mean you'll have more income because you don't have to pay your mortgage for as long? i think the idea is that if you invest the money and you're far outperforming your mortgage interest rate, then despite having to pay your mortgage for longer, you have a far greater net worth.
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01-04-2021, 04:01 PM
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#10787 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
Failed 253 Times in 72 Posts
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Originally Posted by Liquid_o2 My wife and I dumped a ton of money on our mortgage at the end of the year because we are looking at upgrading in the next 12 to 18 months. Then we can just draw the equity out and have a bigger down payment.
I'm also wondering where people are putting their new contribution room - I now have some extra money sitting around that will go into TFSA and RRSP in the next month or two. RRSP has been Vanguard ETF's in the past - but I like to be more aggressive in my TFSA. I've been doing a lot of research into the renewables sector but I got confused AF as their is a lot of differing opinions to sift through. | $TAN gang for the more risky portfolio.
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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01-04-2021, 05:07 PM
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#10788 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
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If apple really is developing a car, that could be the innovation they have been lacking post
Jobs.
Very tempted to add to my position overtime given the speculation on who is involved and apples track record
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Dank memes cant melt steel beams
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01-04-2021, 06:40 PM
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#10789 | | Need my Daily Fix of RS
Join Date: Jul 2010
Posts: 294
Thanked 525 Times in 78 Posts
Failed 12 Times in 6 Posts
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Originally Posted by Liquid_o2 I've been doing a lot of research into the renewables sector but I got confused AF as their is a lot of differing opinions to sift through. | Try looking at $ICLN, its an ETF for renewable energy companies. If you want to take on more risk, perhaps stock pick from that portfolio. Otherwise, just purchase the ETF as it has been doing well lately.
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01-05-2021, 01:28 AM
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#10790 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
Failed 291 Times in 187 Posts
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Originally Posted by Hondaracer If apple really is developing a car, that could be the innovation they have been lacking post
Jobs.
Very tempted to add to my position overtime given the speculation on who is involved and apples track record | They were promoting an Apple car like 2 years ago or more weren't they?!
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01-05-2021, 09:03 AM
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#10791 | | 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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Originally Posted by ButterFingers Try looking at $ICLN, its an ETF for renewable energy companies. If you want to take on more risk, perhaps stock pick from that portfolio. Otherwise, just purchase the ETF as it has been doing well lately. | I was looking into ICLN a few days ago - makes me nervous that it has jumped considerably in the last few months. It also has a lot of solar allocated in its weighting, which I'm not too hot about compared to other forms. However an ETF is likely more preferable for a sector that is likely going to experience ups and downs over the next few years. With Biden coming in, I am expecting that there will be more resources put towards clean energy, however it is hard to say since there will continue to be a reliance on oil and gas.
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01-05-2021, 09:54 AM
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#10792 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,536
Thanked 2,438 Times in 1,027 Posts
Failed 166 Times in 73 Posts
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Originally Posted by unit >>2) Faster I pay off, I will then get better rental income.
what do you mean by this? you mean you'll have more income because you don't have to pay your mortgage for as long? i think the idea is that if you invest the money and you're far outperforming your mortgage interest rate, then despite having to pay your mortgage for longer, you have a far greater net worth. | rental income is covering my prop fees + mortgage. I'm net positive say 100-200 dollars a month.
if i put down 10k in RRSP yes I get a huge deduction (1 time) to bring down my income tax; hoping to get tax return.
Say i pay it my mortgage off this yr... it's pure rental income I'm collecting.
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01-05-2021, 12:24 PM
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#10793 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,431
Thanked 2,905 Times in 1,169 Posts
Failed 153 Times in 76 Posts
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if you're that close to paying off the mortgage and you want to free up some cash with rental income then it's not a bad decision to pay it off then. the difference is going to be pretty small
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01-05-2021, 04:44 PM
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#10794 | | Need my Daily Fix of RS
Join Date: Jul 2010
Posts: 294
Thanked 525 Times in 78 Posts
Failed 12 Times in 6 Posts
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What SPACs are you guys currently looking at?
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01-05-2021, 05:39 PM
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#10795 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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Originally Posted by ButterFingers What SPACs are you guys currently looking at? | Still in BFT, BTWN. Got rid of my GHIV, RMG, and NGA.
Looking to get some BTNB when it becomes available, but nothing else really interests me right now. I believe Gores filed for a new SPAC recently that will be available around the same time.
Bought some MARA/DMGI and that has been working out well.
On a sidenote, if Democrats take the Senate tonight, I expect a pretty decent pop for all the clean energy, EV, and weed stocks.
__________________ 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. | | |
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01-05-2021, 06:31 PM
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#10796 | | Need my Daily Fix of RS
Join Date: Jul 2010
Posts: 294
Thanked 525 Times in 78 Posts
Failed 12 Times in 6 Posts
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Any reason you sold GHIV before merger on the 20th? Gores has GRSV near NAV, I believe its around half a year old, so maybe they'll have a target soon/ LOI.
Currently all in GHIV, looking to move it in a week to some other SPACs like BFT, GIK, GRSV, and maybe FUSE if it drops to the 10s Quote:
Originally Posted by Razor Ramon HG Still in BFT, BTWN. Got rid of my GHIV, RMG, and NGA.
Looking to get some BTNB when it becomes available, but nothing else really interests me right now. I believe Gores filed for a new SPAC recently that will be available around the same time.
Bought some MARA/DMGI and that has been working out well.
On a sidenote, if Democrats take the Senate tonight, I expect a pretty decent pop for all the clean energy, EV, and weed stocks. | | |
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01-05-2021, 06:51 PM
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#10797 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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GHIV seemed the least likely to move out of the other positions I had so I sold it to make a position in MARA and DMGI. Was getting a bit of FOMO with crypto rising again.
I believe UWM is doing an earnings report on the 12th, so I might buy back in because I think the numbers must be extremely attractive for them to do the merger after it.
__________________ 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. | | |
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01-06-2021, 05:59 PM
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#10798 | | My homepage has been set to RS
Join Date: Jan 2012 Location: vancouver
Posts: 2,447
Thanked 1,759 Times in 545 Posts
Failed 1,107 Times in 281 Posts
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Originally Posted by ButterFingers What SPACs are you guys currently looking at? | SBE.
If no one has a battery swap technology like NIO, we all going to need charging stations. Makes sense to me. SBE is going to have a merger with Charging point this month of the 15th.
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01-07-2021, 09:19 PM
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#10799 | | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
Posts: 4,322
Thanked 2,797 Times in 916 Posts
Failed 1,257 Times in 270 Posts
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anyone notice a slight boost in vaccine medical companies lately?.
it's just the beginning right now its rolling out as in a trickle so i'm wondering if there's any profit to be made right now once things really get moving in the future for more countries 
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Fly Your Own Flag.
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01-07-2021, 11:28 PM
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#10800 | | Captain Happy Bubble is my Homeboy
Join Date: Feb 2013 Location: vancouver
Posts: 300
Thanked 225 Times in 79 Posts
Failed 90 Times in 16 Posts
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Originally Posted by ilovebacon SBE.
If no one has a battery swap technology like NIO, we all going to need charging stations. Makes sense to me. SBE is going to have a merger with Charging point this month of the 15th. | Sbe I think is a little on the high side but who knows. Nio does have battery swap technology but theyre limiting it to 6 times/month. So you will still need to charge here and there so perhaps it might be a good investment.
Currently holding nio, bft, and nndm.
Nndm is looking really good considering ark keeps dumping money into them. 700m I cash and no debt
Couple ones Im watching
Bngo, chek, zom, mp materials, alpp, Abml, and ttcf
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