OT: Lets talk about stocks (Part 3)

[HuGort]

Tesla having good day. Up 11%, almost $160. They reported good earnings and growth. Best expectations. On pace for 2 million cars this year

 

[Perrah]

Tesla having good day. Up 11%, almost $160. They reported good earnings and growth. Best expectations. On pace for 2 million cars this year

Find it hard to believe that demand isn't down though. Cant trust Musk,

 

[HuGort]

Find it hard to believe that demand isn't down though. Cant trust Musk,

Tesla sold more than expectations. Real good considering the covid issues in China as well as supply chain issues last year.

Tesla first turn a profit back in 2020. Which was around 720 million. Last quarter in 2022, they turned a profit of over 12 billion. Real outstanding growth.

 

[Perrah]

Tesla sold more than expectations. Real good considering the covid issues in China as well as supply chain issues last year.

Tesla first turn a profit back in 2020. Which was around 720 million. Last quarter in 2022, they turned a profit of over 12 billion. Real outstanding growth.

Yeah but it has only been the last month that the reports of demand being down came up. On top of that recession is coming/here, car rates are ridiculous, and been a lot of bad press around Tesla in general and not just that Musk is a twitter troll, lawsuits and such around their self driving claims.

 

[HuGort]

Tesla bouncing back nicely, $216. Just 5 weeks ago everybody was writing it off when it was $110 or so. Back when Musk was selling crap load of shares to finance Twitter.

Smart guys have doubled their money in 5 weeks. Walked away with $100,000.

 

[HuGort]

Crunching numbers in my portfolio, if a person just bought a value stock and hung into it long term it out performs any mutual funds. I own bunch of Royal Bank stock for example. I average around 15% a year. Plus, no fees. I paid, I forget now, say $20 bucks to buy $10,000 worth of RY about 20 years ago. It returns roughly 10% a year plus yield, Around 14-15%.

I have no mutual fund which comes close to 15% return. Averaged long term.

 

[calder candidate]

In the last thread, there was discussion on investing in the FTQ / CSN funds. From my understanding (max contribution is 5k), the big advantage is to get the 30% tax break. Over a 5+ year horizon, I am under the impression that these funds perform lower than the corresponding indexes and the 30% tax break will not be enough to bridge the gap and you will lose.

Investing from 60-65 in those funds are a solid way to get good yield with the tax break.

Is there something I am missing?

That probably the best use of it 60-65.
FTQ You can have taken directly off you pay check and get the taxe refund instantly so it is almost seem less for someone that has trouble saving so could see someone young 18-24, maximize it for 5-6 years it and RAP it to buy a house. It probably the easiest way to save 25-30ks getting the tax break just give you even more money to save. Even if you could probably make a better investment that isn’t 100% but you need always place to stay so saving for a house is usually a good move.

 

[HuGort]

Going to be interesting today to see how markets respond after collapse of two banks?

 

[DailyKaizen]

Going to be interesting today to see how markets respond after collapse of two banks?

Never let a good crisis go to waste, lots of great prices to be taken advantage of.


There is some truth in the following expression...

"The best time to invest is when there is blood on the streets"

 

[HuGort]

Never let a good crisis go to waste, lots of great prices to be taken advantage of.


There is some truth in the following expression...

"The best time to invest is when there is blood on the streets"

So far so good. Lol

I have enough in cash + GIC, all insured. If Market crashes I could buy a few bargains.

 

[SOLR]

Find it hard to believe that demand isn't down though. Cant trust Musk,

(I'm not talking about the character, I'm talking about business results)
If you can't trust Musk, you can't trust anyone.

Don't be misguided by your lack of trust in the character.

 

[Perrah]

(I'm not talking about the character, I'm talking about business results)
If you can't trust Musk, you can't trust anyone.

Don't be misguided by your lack of trust in the character.

I would agree in most cases but the character was the reason for some of the crazy valuation prior. Also my comment was when report came out about slowing down production at Chinese plant, and before the price cut.

 

[DailyKaizen]

So far so good. Lol

I have enough in cash + GIC, all insured. If Market crashes I could buy a few bargains.

Nice one happy to read that.

The market is there to serve you, not the other way around.

 

[HuGort]

Nice one happy to read that.

The market is there to serve you, not the other way around.

Market came back some today. A good sign for market considering all the uncertainty going on.

Kevin O'Leary says he is not buying another Bank stock. Not good for me, I own a bunch of RY.to

 

[ClasslessGuy]

Same here... my CELI wealthsimple account (dividends) is only banks ...

 

[DailyKaizen]

Market came back some today. A good sign for market considering all the uncertainty going on.

Kevin O'Leary says he is not buying another Bank stock. Not good for me, I own a bunch of RY.to

You got this. Adversity, only makes you stronger.

 

[HuGort]

You got this. Adversity, only makes you stronger.

I imagine banks struggling because locked into all those low interest mortgages back during covid. Around 2-3%, now paying deposits 4-5%. I live near the ocean, I know lot of people with boats, re-financed them during covid low interest rates. A half million dollar boat.

 

[DailyKaizen]

I imagine banks struggling because locked into all those low interest mortgages back during covid. Around 2-3%, now paying deposits 4-5%. I live near the ocean, I know lot of people with boats, re-financed them during covid low interest rates. A half million dollar boat.

You make great points but in general banks have an uncanny ability to adapt to circumstances. Yes, we shall see lots of action, drama etc but in general banks are like tardigrades in a sense...

 

[neopreneur]

Market came back some today. A good sign for market considering all the uncertainty going on.

Kevin O'Leary says he is not buying another Bank stock. Not good for me, I own a bunch of RY.to

Kevin O'Leary said that? I will for sure buy more (Canadian) bank stock.

 

[DailyKaizen]

Kevin O'Leary said that? I will for sure buy more (Canadian) bank stock.

Moi too. Me too.

 

[Shabs]

I think O'Leary was talking mostly about US banks because he believes the decision to bail out all SVB depositors effectively nationalizes the banking system which would ultimately be highly regulated and therefore not very profitable.

 

[HuGort]

Banking mess everything, probably why Leary don't want tread there. Who would?

UBS just bought Credit Suisse for .54 cents share. Rick bottom price

 

[HuGort]

Going to be major for the markets. What's your gut instinct tell you about China entering the war?

 

[Sasha Orlov]

Going to be major for the markets. What's your gut instinct tell you about China entering the war?

They won’t

 

[SOLR]

I think O'Leary was talking mostly about US banks because he believes the decision to bail out all SVB depositors effectively nationalizes the banking system which would ultimately be highly regulated and therefore not very profitable.

No it doesn't, it's just a bigger insurance system. The banks are not operated by the gov.

People use this nationalized thing way too freely.