OT: Lets talk about stocks (Part 3)

[Naslundforever]

Depends on your retirement window. I have an emergency fund in case something happens. I buy nothing on margin and only use money I can leave in there for the long term. Obviously no one knows where the bottom is or even if too much exposure to the US stock market is a good thing but I’d rather be in the market than not at all.

I’m a decade out, I trust it will rebound eventually.

Half my invested money I lowered to 40% stock a few weeks ago at my bank and my work rrsp and fund is whatever tapers down as risk at my age with Blackrock so whatever.. I hope some is left after his 3rd term (omg lol) But yeah we all go down together I figure.. You want your money to be there that morning the market spikes back up.

I have no Idea how to invest myself; I have cash but Buffet says I don’t have a chance. I dig reading you guys for fun sometimes.

 

[Runner77]

I’m a decade out, I trust it will rebound eventually.

Half my invested money I lowered to 40% stock a few weeks ago at my bank and my work rrsp and fund is whatever tapers down as risk at my age with Blackrock so whatever.. I hope some is left after his 3rd term (omg lol) But yeah we all go down together I figure.. You want your money to be there that morning the market spikes back up.

I have no Idea how to invest myself; I have cash but Buffet says I don’t have a chance. I dig reading you guys for fun sometimes.

I use free resources online. Some very good advice, you just have to adapt it to your situation. One guy I like is American so his recommendations are US securities but the concepts are adaptable to Canadian portfolios . Essentially, for someone with a 10-year retirement window, you’d want to have more security and dividend bearing ETFs are a good source.

 

[rickthegoon]

There was a massive bump after the election. Stocks have fallen to pre-election levels now... Hopefully he caught the bump before selling.

I don’t know much about his finances, but I do know that he’s not panicking .

 

[canucklover123]

Todays purchases will be : SCHD, VT, QQQM

 

[Knackys]

I use free resources online. Some very good advice, you just have to adapt it to your situation. One guy I like is American so his recommendations are US securities but the concepts are adaptable to Canadian portfolios . Essentially, for someone with a 10-year retirement window, you’d want to have more security and dividend bearing ETFs are a good source.

You can watch Ben Felix (he is Canadian) on youtube, the guy is really interesting and knowlegable. Personally i just buy XEQT everyday on a platform like Wealthsimple/Questrade for the next 15-20 years. My plan does not change because of tarifs

 

[Naslundforever]

I use free resources online. Some very good advice, you just have to adapt it to your situation. One guy I like is American so his recommendations are US securities but the concepts are adaptable to Canadian portfolios . Essentially, for someone with a 10-year retirement window, you’d want to have more security and dividend bearing ETFs are a good source.

Cheers, looking into it (mostly because curious). Wealthsimple came up as the first site, seems to be plenty of ressources as you say.

My goodness I just lost at least a year of retirement just this morning ooooof maybe I don’t look at my money in the morning for a while. I read today might be as bad as retaliatory tariffs come in.

 

[Runner77]

You can watch Ben Felix (he is Canadian) on youtube, the guy is really interesting and knowlegable. Personally i just buy XEQT everyday on a platform like Wealthsimple/Questrade for the next 15-20 years. My plan does not change because of tarifs

Why XEQT? Is it to get exposure to the S&P 500 while buying on the TSX? Is it to reap dividends? Thx in advance.

 

[yianik]

My number 1 criteria has always been free cash flow , unless I am taking a flyer on a newish company.

Right now , as my kids are lined up for University, I cant afford any big hits to the RESP that may take many years to recover. Trump will always bring uncertainty and chaos , so money markets it is.

 

[Runner77]

Cheers, looking into it (mostly because curious). Wealthsimple came up as the first site, seems to be plenty of ressources as you say.

My goodness I just lost at least a year of retirement just this morning ooooof maybe I don’t look at my money in the morning for a while. I read today might be as bad as retaliatory tariffs come in.

Not a good idea to check daily. As long as you only need your funds 10 years from now, you have plenty of time to recover and make more. This is one of the accounts I like to follow:

 

[Beliveau]

I sold all my stocks and bought bonds before the inauguration. I haven't lost any $.

 

[Knackys]

Why XEQT? Is it to get exposure to the S&P 500 while buying on the TSX? Is it to reap dividends? Thx in advance.

XEQT is an all in one ETF. It's an ETF made of others ETFs (45% US, 25% CAD 25% INT and 5% EMERGING). So instead of having to buy 3-4 different ETFs and rebalance them each months like the video you just posted, the provider (Blackrock in this case) rebalance XEQT automatically for you. So you are globaly diversified and just have to buy one ETF. It's a set it and forget it approach. Boring but very effective on the long run.

 

[Naslundforever]

Not a good idea to check daily. As long as you only need your funds 10 years from now, you have plenty of time to recover and make more. This is one of the accounts I like to follow:

Thanks so much!

 

[Hope Of Glory]

Have you guys said thank you yet???

What a huge, self inflicted and pointless mistake by the US lmfao. Sadly, this will have negative repercussions around the world. Tons of jobs worlwid are at risk. And I doubt this "temporary pain" will be worth it for the american people, sadly.

I'm in for the long term so that's a nice discount since I'll keep buying. Still, could take a while to come back to where it was. Or not. I guess we'll see but with a 25+ years horizon this doesn't change much for me.

 

[Lafleurs Guy]

Markets are still hemorrhaging this morning. Wow. Celestica down another 8 points and it’s not even 10am. I have some cash sitting on the sidelines. I’m going to wait to see how low things can go. The US economy has flipped on a dime. Holy smokes.

 

[Frank Drebin]

Have you guys said thank you yet???

What a huge, self inflicted and pointless mistake by the US lmfao. Sadly, this will have negative repercussions around the world. Tons of jobs worlwid are at risk. And I doubt this "temporary pain" will be worth it for the american people, sadly.

I'm in for the long term so that's a nice discount since I'll keep buying. Still, could take a while to come back to where it was. Or not. I guess we'll see but with a 25+ years horizon this doesn't change much for me.

I have stopped looking at years till retirement as a horizon. My outlook is basically indefinite.

Lets say you are 30 now and plan on retiring at 55, do you plan to pull out every investment you have at 55 and move to cash? Probably not, you’re going to keep your investments for another 30-35 years.

But that’s all based off the 4% rule, which works for me but others may not like

 

[Frank Drebin]

My number 1 criteria has always been free cash flow , unless I am taking a flyer on a newish company.

Right now , as my kids are lined up for University, I cant afford any big hits to the RESP that may take many years to recover. Trump will always bring uncertainty and chaos , so money markets it is.

Was painful to see so much money tied up in hisa for the kids resps when the market was on fire, but it was for times like this

 

[Runner77]

Markets are still hemorrhaging this morning. Wow. Celestica down another 8 points and it’s not even 10am. I have some cash sitting on the sidelines. I’m going to wait to see how low things can go. The US economy has flipped in a dime. Holy smokes.

Just bought a few more. Great buying opportunity but timing the market is tricky.

 

[Habs]

Markets are still hemorrhaging this morning. Wow. Celestica down another 8 points and it’s not even 10am. I have some cash sitting on the sidelines. I’m going to wait to see how low things can go. The US economy has flipped in a dime. Holy smokes.

People are going to look back in a year at these prices and wish they had bought in. TSLA , INTEL, there are so many to be had on the cheap. Canadian equities however... going to be a rough year....

 

[sampollock]

how many years will it take to recover this crash ??

 

[Lafleurs Guy]

People are going to look back in a year at these prices and wish they had bought in. TSLA , INTEL, there are so many to be had on the cheap. Canadian equities however... going to be a rough year....

Oh I’ll buy in. But I think we have further to fall first.

When the avalanche comes, get out of the way.

 

[ExReHabs]

how many years will it take to recover this crash ??

Typically less than one

But if it’s going to be a global depression, who knows.

 

[Frank Drebin]

Typically less than one

But if it’s going to be a global depression, who knows.

I think even in the extreme, unlikely case of a global depression we won’t come close to the timelines seen in the 30s. Money was way harder to get access to back then

 

[Lafleurs Guy]

Celestica down 12 percent now…

 

[DAChampion]

We put a bid on a house last night.

Might be the right idea, might not be. Part of me is thinking that prices will fall by 30% soon, and mortgage rates will fall from 6.5 to 4.5% due to the recession.

But these things are hard to predict, and our family needs a bit more living space now. The house we bid on is already down 30% from its Zillow peak so that might help by cushioning the blow.

Historically housing always goes up. But access could change as we become more of a predatory rentier society. I think what a lot of people on wall Street want is for nobody to own anything anymore, and for people to pay 50%+ of their incomes on rent.

We converted our old home in a different state into an investment rental property. I'm hoping this helps us in the long term.

 

[Lafleurs Guy]

We put a bid on a house last night.

Might be the right idea, might not be. Part of me is thinking that prices will fall by 30% soon, and mortgage rates will fall from 6.5 to 4.5% due to the recession.

But these things are hard to predict, and our family needs a bit more living space now. The house we bid on is already down 30% from its Zillow peak so that might help by cushioning the blow.

Historically housing always goes up. But access could change as we become more of a predatory rentier society. I think what a lot of people on wall Street want is for nobody to own anything anymore, and for people to pay 50%+ of their incomes on rent.

We converted our old home in a different state into an investment rental property. I'm hoping this helps us in the long term.

Can’t time the market. If you got a good value deal then feel good about it no matter what happens.