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OT: Lets talk about stocks (Part 3)

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BehindTheTimes said:
Glad you think so.
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montreal said:
I started a new position in AMZN, but just got a little, same with BEAM and GSK, plus got NVDA and MSTR for myself.
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Good job @montreal these moves actually reflect mine too 😉

Admittedly, for me BEAM + MSTR warrants a little more research but GSK, NVDA, AMZN are in excellent discount territory given their ratios through lens of fundamental analysis...

PS WealthSimple Trade no transaction fees on CDN shares and BMO investorline no transaction fees on BMO branded etfs
 
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montreal said:
www.yahoo.com

The Russian invasion of Ukraine accounts for more than a third of U.S. inflation, forecaster says

The Russian invasion of Ukraine and the sanctions that it triggered is behind more than a third of the 40-year high inflation of 8.6%, according to analysis from a leading forecaster.
www.yahoo.com www.yahoo.com
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Why is he attributing all YoY increase in commodities prices to Russia invasion/sanctions? Commodities were rising since last year well before the war. Right before the war headline CPI was already at about 7.5 and not expected to have peaked.
 
It's a good time to invest, indeed. I can almost buy as cheaply as my average cost on my two preferred funds.

For long term investors, these dips are more than welcome.

It's funny how the mind works. When Eth bitcoin and Tech stocks were soaring, I was so excited to invest my 10% fun share of my portfolio, but now that they're all deflated, I prefer to invest in my diversified funds. Logically though, it's also a decent time to buy into those smaller gambles since they dropped so much.

LEV is a 1/3 of the price of it's IPO. It's still a very promising company. But it's price is related Tesla, so it rides the roller coaster. I'll probably buy more on my next contribution.
 
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QuebecPride said:
It's a good time to invest, indeed. I can almost buy as cheaply as my average cost on my two preferred funds.

For long term investors, these dips are more than welcome.

It's funny how the mind works. When Eth bitcoin and Tech stocks were soaring, I was so excited to invest my 10% fun share of my portfolio, but now that they're all deflated, I prefer to invest in my diversified funds. Logically though, it's also a decent time to buy into those smaller gambles since they dropped so much.

LEV is a 1/3 of the price of it's IPO. It's still a very promising company. But it's price is related Tesla, so it rides the roller coaster. I'll probably buy more on my next contribution.
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Agreed, good time to invest and these dips are welcome. Please share your two favourite or preferred funds ☺️
 
US PPI edged higher than expected in May at 10.8% although lower than April's 10.9%. All set for a nice US Fed rate hike tomorrow.
 
LeHab said:
Why is he attributing all YoY increase in commodities prices to Russia invasion/sanctions? Commodities were rising since last year well before the war. Right before the war headline CPI was already at about 7.5 and not expected to have peaked.
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Because this is free spin. A chance to absolve themselves of any wrongdoing.
 
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Over the next year we should expect 20% inflation and at least a 20% drop in asset prices. It's going to be rough as the US/West continues to decline, which will be accelerated by the self own of sanctions against Russia.

I bought a car last year and I probably paid 10-15% more than I'd have paid a few years prior, plus a higher interest rate. Some thought it was temporary but car prices are likely to go up even more now due to the sanctions against Russia.

What I'll be doing here is trying to stockpile goods. We got a years worth of baby formula, and we should probably do the same for each of everything from soap to pasta.
 
Bitcoin down to $21,000, I'm glad I sold it at around $49,000 to pay for the down payment and closing costs on my house. I wouldn't be able to afford my house now as interest rates have jumped 2% (more with yesterday's increase) and the cost of the house has jumped 25%.

I am worried about my 401k, I should probably move it into non stocks given the upcoming market crash but I'm not sure what my options are.

We'll be planting some tomato plants shortly, but I think it'd be good to get a stock of say 100 cans of diced tomatoes. We're also trying to get used to eating rice more.
 
DAChampion said:
Bitcoin down to $21,000, I'm glad I sold it at around $49,000 to pay for the down payment and closing costs on my house. I wouldn't be able to afford my house now as interest rates have jumped 2% (more with yesterday's increase) and the cost of the house has jumped 25%.
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I’m glad I never got into it at all.
 
I was told it was a certainty bitcoin would reach 100K$ before the end of 2021. Then, when it didn't happen, it's 100K$ before the end of 2022. Less than 6 months left...

(I actually have some fun money in it so I'd be glad if it happened but I really doubt it will. Not anytime soon as cryptobros were claiming with absolute certainty, at least)
 
DAChampion said:
Over the next year we should expect 20% inflation and at least a 20% drop in asset prices. It's going to be rough as the US/West continues to decline, which will be accelerated by the self own of sanctions against Russia.

I bought a car last year and I probably paid 10-15% more than I'd have paid a few years prior, plus a higher interest rate. Some thought it was temporary but car prices are likely to go up even more now due to the sanctions against Russia.

What I'll be doing here is trying to stockpile goods. We got a years worth of baby formula, and we should probably do the same for each of everything from soap to pasta.
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I stopped reading at 20% inflation, lol

DAChampion said:
Bitcoin down to $21,000, I'm glad I sold it at around $49,000 to pay for the down payment and closing costs on my house. I wouldn't be able to afford my house now as interest rates have jumped 2% (more with yesterday's increase) and the cost of the house has jumped 25%.

I am worried about my 401k, I should probably move it into non stocks given the upcoming market crash but I'm not sure what my options are.

We'll be planting some tomato plants shortly, but I think it'd be good to get a stock of say 100 cans of diced tomatoes. We're also trying to get used to eating rice more.
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Unless you plan to retire in less than 3 years, I would not touch your 401K, stay the course, you'll be fine in the long run. Make sure your investments are diversified and that you lower your management fees as much as you can and you'll weather the storm like most of us.
 
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QuebecPride said:
I stopped reading at 20% inflation, lol


Unless you plan to retire in less than 3 years, I would not touch your 401K, stay the course, you'll be fine in the long run. Make sure your investments are diversified and that you lower your management fees as much as you can and you'll weather the storm like most of us.
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Good Lord I hope you’re right!!
 
DAChampion said:
You would have written the same about 9% inflation a year ago.
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Inflation is already slowing down. Used cars are getting cheaper, homes for sale is a post-pandemic low. Lumber is down. In fact, financial writers are starting to worry that the Fed has gone too quickly in its raises and might cause deflation.

The only element holding up inflation right now is gas and salaries increase.

I'm ready to bet 1000$ CAD right now with you that Inflation will not be at 20% or higher in Canada YoY in June 2023.
 
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QuebecPride said:
The only element holding up inflation right now is gas and salaries increase.
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There's going to be a lot of supply shocks due to the effects of sanctions against Russia for things like grains, fertilizers, noble gases, various metals like palladium. Separately, the US dollar's loss of reserve currency status will continue.
 
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Canadian May CPI data coming this morning. Get ready for a nice bump. Headline expected to hit somewhere around 7.3 to 7.5%.
 
DAChampion said:
There's going to be a lot of supply shocks due to the effects of sanctions against Russia for things like grains, fertilizers, noble gases, various metals like palladium. Separately, the US dollar's loss of reserve currency status will continue.
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The US Dollar will gain 10% more reserve currency... it's not going down, it's going WAY up as China self-destruct and the Eurozone falls into another debt crisis.
 
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