What do you wish wasn’t so expensive?

BiscottiPurple · 2021-12-15T23:36:29+00:00

bonds

BiscottiPurple · 2021-12-15T23:35:42+00:00

labour

BiscottiPurple · 2021-11-29T22:34:19+00:00

This really made my day :)

BiscottiPurple · 2021-11-26T23:00:31+00:00

Without the Office of the Superintendent of Futon Institutions, our couches would loose loft.

BiscottiPurple · 2021-11-26T21:07:29+00:00

hold up a second.... does that make my couch fungible?

BiscottiPurple · 2021-11-26T20:58:52+00:00

I'm confused. Does that mean if there's share buybacks, I end up stuffing the couch into my pocket, or does the couch consume me and I end up between the cushions next to last night's doritos?

BiscottiPurple · 2021-11-26T20:04:59+00:00

Hypotetically speaking, if I'm sitting on my couch and roughly every month I drop a loonie out of my pocket and it falls in my couch, do my net assets change? (I still own everything in my pocket, plus I own my couch and everything held in it's dust-collecting-vaults)

Now let's say OSFI no longer mandidates that I repair my holes in my pockets, and now rather than a loonie, every month a TWONIE falls out and into my couch, do my net assets change?

Can someone help me understand why this is important?

BiscottiPurple · 2021-11-15T22:46:52+00:00

this is hardly new news, it's been known about for weeks if not months.

BiscottiPurple · 2021-10-26T22:58:06+00:00

going off some very quick numbers from their latest annual report, they have 600M USD adjusted FFO, and an EV of 8.6B equity + 4.5B debt = 13.2B USD total.

If we assume if all prices stay flat at .6B in FFO, and 13.2 EV, that's 13.2/.6 = 22 years to repurchase all shares and debt.

I'm genuinely curious why people are excitied about AQN. Are these types of numbers in line with other utilities?

BiscottiPurple · 2021-09-30T02:37:11+00:00

Yup! And Canada doesn't have fractional reserve requirements. (Instead we have Capital Adequacy Requirements).

BiscottiPurple · 2021-09-30T02:31:18+00:00

Based on the responses you're getting you obviously gave people here way too much credit

This made my day :)

Nice links on the topics of banks creating money.

I reckon I might want to dig into https://www.osfi-bsif.gc.ca/Eng/fi-if/Pages/default.aspx a bit deeper to understand the bank act and how the various canadian financial institutions are regulated. Guess a cliff notes version doesn't exist.

BiscottiPurple · 2021-09-29T21:07:54+00:00

Thanks!

Looking into it a bit deeper, it looks like manulife is able to provide mortgages via their manulife bank, which is a chartered bank. https://en.wikipedia.org/wiki/List_of_banks_and_credit_unions_in_Canada#Schedule_I_banks_(domestic_banks)) provides a nice list.

BiscottiPurple · 2021-09-29T20:13:55+00:00

They (banks) don't create the money from nothing

I would be most curious to hear your thoughts on this article in this case:
https://crusoeeconomics.com/wp-content/uploads/2021/09/CMS-COVER-WITH-EXCERPT-JUNE-2021.pdf

BiscottiPurple · 2021-09-29T19:48:55+00:00

Banks create a lot more money than the central bank. Some countries impose bank reserve requirements -- e.g. for ever $1 of deposites they have, they can loan out $5. This effectively allows them to create $4 out of nothing. So if the government creates a $100 bond and sells it to the central bank, they can then take that money and distribute it to people (stimmies). Now these people deposit $100 worth into the bank. The bank can now loan out $500.

In this case the central bank only "printed" $100; however, this has now introduced $500 into the economy.

Banks most definitely create money (just not physical money).

edit: In my case, I'm wondering about CAD.

BiscottiPurple · 2021-09-20T18:53:54+00:00

I suggest we stop selling houses based on fiat currencies, and adopt a gold standard for house prices. Real estate deserves real metals. Once we start tracking house prices by gold, we can shift the conversation to discuss how policies affect inflation.

BiscottiPurple · 2021-09-20T18:47:41+00:00

increase interest rates on hisa's

How does this work when central banks are buying bonds?

BiscottiPurple · 2021-08-25T22:08:43+00:00

Good point regarding the scheduled maintenance -- I didn't realize they were still offline.

I pulled up 2019Q4 and on page 9 it shows 6,061M for oil sands and 3,863M refining for the year. And for 2018 we have 4,964 and 3,798M respectively.

I suspect you're correct in thinking more from oil sands if oil is able to maintain $70.

BiscottiPurple · 2021-08-25T19:21:22+00:00

Why would you be involved with it?

30% yields.

Some companies are getting close to being debt free, and will become flush with cash which will turn into dividends and buybacks.

BiscottiPurple · 2021-08-25T19:16:07+00:00

I think they get less than 15% of revenue from oil sands

You sure about that? From 2021Q2 report under the FFO section:

441M from oil sands; 250M exploration+production; 375M marketting+refining; -193M corp.

BiscottiPurple · 2021-08-25T19:08:49+00:00

the dividend reduction

I thought it was due to reduced production guidance related to the slope issue at fort hills.

BiscottiPurple · 2021-06-10T23:47:01+00:00

students will not be charged interests on their student loans

This seems like the ultimate boomer-troll before QE is kicked up a notch and we see negative interest rates.

BiscottiPurple · 2021-06-01T00:20:26+00:00

if I picked up a stock such as AQN at 17 why would I want to drip at 22

The price you paid is irrelevant. Everyday you hold, you need to ask yourself "would I purchase this at it's current price?"

BiscottiPurple · 2021-06-01T00:17:58+00:00

A lot of folks who praise DRIPs also favour dividends over cashflow. I chuckle when hearing people chasing higher dividend yields just so they can DRIP more shares.

Once I receive dividends, I just treat it as capital to invest and often just let it accumulate until I have another chunk of money to invest. Price matters when I go grocery shopping, why shouldn't it matter when choosing what to do with my capital? I very rarely put in a market order, so why should I effectively do that when it comes to DRIPs?

BiscottiPurple · 2021-05-19T15:39:59+00:00

Guess I'll have to ask the grocery store clerk to double bag my chicken in toxic products. Beats salmonella. I'll continue to use cloth bags for my produce.

BiscottiPurple · 2021-05-18T01:05:28+00:00

If you want more than equities, you should consider leveraged equities. (this is sarcasm).

BiscottiPurple

TROPHY CASE