OT: Lets talk about stocks (Part 3)

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And as predicted, the upswing from this morning is gone and we are back to being down another 2-3%. I knew people were just assuming the increased tariff threat was a bluff.

Global markets: "No way the US is that stupid, it's definitely a bluff"
USA: "No, no we are that stupid"
Canada put tariffs on USA this afternoon. USA likely will respond
 
You can collect divs in your TFSA tax free. You can also open up a US TFSA and get a much better selection of Dividend stocks to enjoy :)
I didn’t know that. A financial investor I follow online, asserted that US dividends are not taxable provided they are earned in an RRSP account. I’ll trust your statement as you are an industry guy.

I opened a WealthSimple account for Canadian investments. For US investments, I opted for Questrade as their commission and conversion rates look much more reasonable than WealthSimple.

I wouldn’t know how to open a US TFSA — I don’t think either of the above sites allow it as they’d be losing money on currency conversion fees.
 
I didn’t know that. A financial investor I follow online, asserted that US dividends are not taxable provided they are earned in an RRSP account. I’ll trust your statement as you are an industry guy.

I opened a WealthSimple account for Canadian investments. For US investments, I opted for Questrade as their commission and conversion rates look much more reasonable than WealthSimple.

I wouldn’t know how to open a US TFSA — I don’t think either of the above sites allow it as they’d be losing money on currency conversion fees.
US TFSA are great for those div stocks and this market dip to hold the MAG 7, and never do the exchange again if you do not want to. Usually your bank or investment firm for a USTFSA!
 
US TFSA are great for those div stocks and this market dip to hold the MAG 7, and never do the exchange again if you do not want to. Usually your bank or investment firm for a USTFSA!
That’s what I figured. Online brokerages wouldn’t be offering that service. You’d be getting a better CDN to USD conversion rate with your bank however the trade off might be that they’d be making it up by demanding higher commissions than what is being charged by online brokerages. This is where Questrade is supposed to be competitive.
 
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We had to back out of a second home purchase contract in two weeks.

I think a lot of homes out here are in disrepair.

This one had a 25 year old AC and furnace. We asked the sellers to compensate, they refused on the basis that updating a home to a brand new AC and furnace only costs $7000 (I'm not sure that's true).

It probably costs more and we didn't want to have to pay all that and everything else in the next year.
 
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We had to back out of a second home purchase contract in two weeks.

I think a lot of homes out here are in disrepair.

This one had a 25 year old AC and furnace. We asked the sellers to compensate, they refused on the basis that updating a home to a brand new AC and furnace only costs $7000 (I'm not sure that's true).

It probably costs more and we didn't want to have to pay all that and everything else in the next year.
It’s probably closer to double that price, FWIW.
 
Which industries you see being hit?
Multiple. Electronics across the board will increase dramatically. Every business needs computers, phones, etc...

But the bigger impact will be the effect on small businesses. We will seen countless small businesses start closing up, because so many rely on Chinese manufacturing. Margins are already very thin and have been for a long time. That isn't a bad thing when the supply chain is a reliable machine.

Businesses closing means less money circulating in the economy. More people relying on benefits that are being cut as we speak. Prices of everything are going up and jobs will be lost and at best replaced by manufacturing jobs nobody wants. Low pay working all day in front of a blast furnace, or dying textiles till your skin is stained, inhaling fumes from textile chemicals or in a tannery.

My dad built a business starting in the 80s and only stopped recently to retire. He built a large business from scratch, mainly manufacturing in China and importing to sell in North America and Europe. Business had revenues in the 10s of millions in the 90s and 2000s, employing 100+ people. A small business that grew, contributed to the economy, brought money in from the US and Europe. Money that was used to send the children of him and his employees to college, who in turn built good careers, some even starting businesses.

If my dad instead had to go work minimum wage in a factory would that have been better for the economy? The business my dad built can still be built today. The global supply chain works. Countries export product, other countries use it to make new things, and those are sold for a profit. Yes you will have have trade deficit but that's not necessarily a bad thing. There is still a benefit to all parties.

Edit: sorry for the disjointed rant I smoked the Devil's lettuce
 
No a NFT series would be better

After the NFT you go for the rug pull
Crazy story time:

I was heavily involved with the NFT scene and despite all the jokes, a lot of people made a lot of money and those who were involved in the technologies used in NFTs are all making major bank in real businesses now. It is not at all my expertise in terms of technology but I learned it as a hobby and even my rudimentary skillset was in demand. Moreseo than my actual skillet for my job as a software engineer. There was and is still money to be made in NFTs but not in the NFTs themselves, if that makes sense.


But funny story, I own an NFT which gives me a profit share from an online crypto casino. Basically I get a daily % of profits from the casino per NFT that I own.

It's not a major windfall so I use all my "dividens" for gambling in the casino itself. It has always just been for fun. But recently I actually hit a jackpot, like a legit 5 figure USDC jackpot. Using just my NFT emissions. I actually don't know what to do because I feel like the tax implications if I accept this money will require I get a lawyer.
 
Multiple. Electronics across the board will increase dramatically. Every business needs computers, phones, etc...

But the bigger impact will be the effect on small businesses. We will seen countless small businesses start closing up, because so many rely on Chinese manufacturing. Margins are already very thin and have been for a long time. That isn't a bad thing when the supply chain is a reliable machine.

Businesses closing means less money circulating in the economy. More people relying on benefits that are being cut as we speak. Prices of everything are going up and jobs will be lost and at best replaced by manufacturing jobs nobody wants. Low pay working all day in front of a blast furnace, or dying textiles till your skin is stained, inhaling fumes from textile chemicals or in a tannery.

My dad built a business starting in the 80s and only stopped recently to retire. He built a large business from scratch, mainly manufacturing in China and importing to sell in North America and Europe. Business had revenues in the 10s of millions in the 90s and 2000s, employing 100+ people. A small business that grew, contributed to the economy, brought money in from the US and Europe. Money that was used to send the children of him and his employees to college, who in turn built good careers, some even starting businesses.

If my dad instead had to go work minimum wage in a factory would that have been better for the economy? The business my dad built can still be built today. The global supply chain works. Countries export product, other countries use it to make new things, and those are sold for a profit. Yes you will have have trade deficit but that's not necessarily a bad thing. There is still a benefit to all parties.

Edit: sorry for the disjointed rant I smoked the Devil's lettuce
I hope this doesn't escalate into a war between China and USA. Already rumours China thinking on invading Taiwan. Then USA buying Panama Canal. Now there tariff wars.
 
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I hope this doesn't escalate into a war between China and USA. Already rumours China thinking on invading Taiwan. Then USA buying Panama Canal. Now there tariff wars.
Who knows if this will actually happen, but apparently there are strict instructions in Taiwan to blow up their chip fabs in the event of an invasion from China. If that happens it will legitimately set the entire world back from a technology point of view. Scary to think what that could mean.
 
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Who knows if this will actually happen, but apparently there are strict instructions in Taiwan to blow up their chip fabs in the event of an invasion from China. If that happens it will legitimately set the entire world back from a technology point of view. Scary to think what that could mean.
Be a major deterrent to keep China from invading
 
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haha, really don't wanna be right about this prediction back in Jan.
scenario: Habs continue to gel as a team, emerging as unlikely contenders against all odds, and start to look like the '86 Habs reborn. then, in the spring, geopolitics intervenes. tariff wars between the US and Canada gets real nasty, culminating in a total breakdown in diplomatic relations. right around May, faced with no other choice because cross-border travel is suspended, the NHL decides to cancel the Stanley Cup playoffs.

whenever the league starts up again, the magic is simply gone and the HuGo Habs return to mediocrity. the life of a Habs fan: we are here to suffer :sarcasm:
 
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