JeffreyLFC
Registered User
- Sep 29, 2017
- 10,778
- 7,940
Well... see the positive. If he uses Nuclear Weapons then maybe your loses would not look bad afterall because every single person on this planet would lose.
OT: Lets talk about stocks (Part 3)
- Thread starter Lshap
- Start date
LeHab
Registered User
- Aug 31, 2005
- 15,991
- 6,286
One of the great investments one can make is to gain basic literacy around finances and stock markets in particular. Even if you don't plan managing your own portfolio, having some understanding how things work should at least help you better understand what is happening and what to expect. Just because someone has "credentials" does not mean they are acting in your best interests.
BehindTheTimes
Registered User
- Jun 24, 2018
- 7,490
- 10,349
Chadstudsky
Registered User
I'm glad I got out when I did. I turned 15k in 2016 into 1.2m that I cashed out in October 2021. Bought a million dollar house in the country and paid for it cash, now I'm sitting on the sidelines mortgage free with 200k waiting for the dust to settle. Wish I'd have invested in military stocks when the shit started in Ukraine though
HuGort
Registered User
HuGort
Registered User
BehindTheTimes
Registered User
- Jun 24, 2018
- 7,490
- 10,349
She’s shorted to dogshit too, but Cohen bought 9.5% and sent their board a letter just like he did GameStop.
HuGort
Registered User
Markets took big hit yesterday. Imagine spiking gas prices scare people economy go into tail spin.
webersshot
Registered User
Legend123
Registered User
- Jul 3, 2016
- 9,924
- 5,108
HuGort
Registered User
You are either lying or a tax cheat. Please explain how you didn't pay taxes on capital gains which is pretty much the entire amount.
Chadstudsky
Registered User
Crusher117
Registered User
U got in early into weedstocks right? I made quite a bit with those back in the days as well.
webersshot
Registered User
I have everything in the Nasdaq 100 now. Been there for over a year now. I dollar cost average. Put 500 bucks in at the start of every month and just basically don't look at it. I decided on the Nasdaq over s&p because the last 15 years it has outperformed s&p and in last 5 years especially. I think even historically it's slightly ahead. Just wondering what others thoughts were though. I'm not super saavy in these department yet but figured if Nasdaq is tech heavy and tech seems to be the future then I'm better off there. I think a third of the entire index is apple, Microsoft and Amazon. Just wanted to know if any body had any reservations in thinking that Nasdaq will outperform s&p over next 30 years or so
Legend123
Registered User
- Jul 3, 2016
- 9,924
- 5,108
u should prob diversify at least somewhat from the teach heavy index.
Theres almost no doubt that the Nasdaq will outperform or underperform the SP. The question is what kind of market will we be. Lately, its been trash and so the Nasdaq is underperfoming but in general the markets go up and so should the Nasdaq overperform the rest. Tech are always hot and cold due to their nature. Big hits or giant misses.
webersshot
Registered User
Yeah I was kinda thinking of going half and half and maybe even a third with Berkshire Hathaway in the mix. Although that's ALOT of apple lol
Congrats man, love to here about wins like yours. And frankly I couldn’t care less how much tax you pay.
LeHab
Registered User
- Aug 31, 2005
- 15,991
- 6,286
Well done, hope it was not day trading as CRA has been hunting successful TFSA day traders for a while:
Frequently trading stocks in your TFSA? The CRA may have questions - National | Globalnews.ca
Nedved
Registered User
- Mar 30, 2008
- 13,618
- 5,277
They also seem to be tougher on people that work in finance. I remember they nailed a guy on a pot stock way back when and I was upset they flagged him. But later read he worked in finance and it was the world he worked in.
Chadstudsky
Registered User
Chadstudsky
Registered User
I thought that too and was concerned, but my accountant told me they only crack down if you're making 100+ trades a year. I've never even come close to that
Chadstudsky
Registered User
pepperMonkey
Registered User
I would put most into S&P500. Generally I'm more the type who likes what is in NASDAQ but current macro conditions seem to lean towards a long recession. We were already staring down a possible recession before COVID, albeit, with the money printer, they would probably have kicked recession down the road for years... But with Covid, that inevitable got closer...and with the craziness of what Putin is doing, it's pretty much assured there would be a global recession. There would be a commodities shortage that will probably take years to settle down. Oil/gas crisis will take some time to settle as well. And with the west taking Russia out of the financial market (SWIFT/sanctions) plus the fact that Russia is now essentially grounded (almost all commercial planes will not be flying in or out of Russia), there is seemingly a huge financial shift going on. Russia + China and possibly India (oh, and North Korea, but they don't really count) look to be trying to form their own monetary system vs the west (US/Canada/Mexico+Euro+Japan/SouthKorea). All this to mean, the markets is probably gonna be the $hit$ for years to come.
Frankly, I am not sure if there is any safe haven. Albeit, if I was to bet, BRKB may thrive in this environment (albeit, they seem more tech heavy than ever before...). Also S&P500. NASDAQ...going to be a lot of tech companies that are going to be crushed. Well, the not-so-good ones are going to be taken out to the cleaners. Good ones will survive...but that doesn't necessarily mean they will do well in the stock market.
All this to say, there is inherently much more risk with NASDAQ than S&P500. There are probably some select few on the NASDAQ that will destroy those in the S&P but overall, S&P500 will probably do better for the foreseeable future.
Just my opinion mind you, not advice.
