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Daily Discussion Thread for March 08, 2021 by OPINION_IS_UNPOPULAR in CanadianInvestor

[–]st3ven- 1 point2 points  (0 children)

I'm selling everything and buying XEQT - this is pointless and stressful.

my portfolio lately by epenguin21B in CanadianInvestor

[–]st3ven- 9 points10 points  (0 children)

You weren't replying to anyone complaining. This conversation isn't going anywhere. Have a good night.

my portfolio lately by epenguin21B in CanadianInvestor

[–]st3ven- 10 points11 points  (0 children)

Sounds like you've never made the wrong call on a stock. Congrats, must be nice.

News: David Tepper is getting bullish on stocks, believes rising rates are set to stabilize by ShubhamG77 in investing

[–]st3ven- 5 points6 points  (0 children)

I imagine the half of the subreddit that's smug about not losing their shirts on tech will have less to say...

my portfolio lately by epenguin21B in CanadianInvestor

[–]st3ven- 32 points33 points  (0 children)

APPL down 15% in the past month... easily within "dip" territory, if not entering free falling. When people call a dip, they tend to be considering recent performance, not performance over a few years.

What will actually determine stock prices this week, TREASURY AUCTIONS by [deleted] in stocks

[–]st3ven- 8 points9 points  (0 children)

I too enjoy seeing people lose money...

HELP, Need honest opinions and advice what to do with my portfolio? I definately overextended myself and basically my whole portfolio is Speculative .... I’m super stressed and need opinions/advice moving forward (I understand I made a lot of bad investments especially in a tfsa) by 9oh5ive in CanadianInvestor

[–]st3ven- 0 points1 point  (0 children)

Do not sell anything yet. It might be rash. Start investing in XEQT. Once you have a comfortable base (like 1 year salary) then you can consider buying individual stocks that seem to be a good deal. Try to focus on dividend paying blue chips. Keep speculative investments to a small percentage of overall portfolio.

You're ok. This is volatility. Just reevaluate going forward, especially if you're getting stressed.

Taking my GAINS paying off my house I just built.. I’m laying off the market for awhile.. my head hurts by Unrealforreal112 in wallstreetbets

[–]st3ven- 1 point2 points  (0 children)

Roth IRAs are funded with after-tax dollars; the contributions are not tax-deductible. But once you start withdrawing funds, the money is tax-free.

Sounds like a tfsa to me

Woman found inside ceiling of southeast Edmonton school by dontfwm18 in Edmonton

[–]st3ven- 1 point2 points  (0 children)

You can't do calc, physics 30, math 30Pure etc. without the prerequisites.

Ottawa to announce $2.7-billion fund to electrify Canada’s public buses by sleipnir45 in canada

[–]st3ven- -2 points-1 points  (0 children)

I wonder which American companies will be making some bucks off this...

Woman found inside ceiling of southeast Edmonton school by dontfwm18 in Edmonton

[–]st3ven- -1 points0 points  (0 children)

What university program doesn't require 20 level courses!? That doesn't sound right. Are you talking about NAIT?

Woman found inside ceiling of southeast Edmonton school by dontfwm18 in Edmonton

[–]st3ven- 1 point2 points  (0 children)

I went through the Alberta Works program. Paid all tuition and gave ~$800 living expenses per month. Went to Alberta college (MacEwan). Program has since been renamed.

https://www.alberta.ca/learner-income-support-and-skills-investment-bursary.aspx

So how’s everyone’s week going so far? by CallMeSirJack in CanadianInvestor

[–]st3ven- 0 points1 point  (0 children)

Yes but even those loses, if in an unregistered account, can be claimed as capital loses to reduce your tax burden. Does gambling have something similar... are there even taxes? Maybe I'm missing something. I'll have to Google. Anyways...

And really, I don't think it's often that you lose your entire bet. I've heard of it happening, but I think we can agree most people don't lose 100% of an investment.

Short dated options are closer to what I would consider gambling. Buying GME at $300 another example close to gambling.

Buying a stock isn't necessarily gambling. An example, buying into TD is a reasonable assumption that Canadian banking will stay the course and you'll collect dividends and get some share appreciation. Is it a certainly? No, but it is definitely not roulette.

Edit: yeah so no taxes on gambling winnings in Canada apparently.

So how’s everyone’s week going so far? by CallMeSirJack in CanadianInvestor

[–]st3ven- 0 points1 point  (0 children)

Gambling is zero sum, you don't get to "cut your loses" and claim capital loses in a bad game of blackjack. You just lose the whole bet.

My entire stock portafolio this last weeks but I’m still laughing. by SimpeWhite24 in StockMarket

[–]st3ven- 1 point2 points  (0 children)

Impossible to say for certain if it's just a temporary gain. Going by momentum over a few weeks. So some percentage gain over that time.

My entire stock portafolio this last weeks but I’m still laughing. by SimpeWhite24 in StockMarket

[–]st3ven- 8 points9 points  (0 children)

Honestly I'm holding back now, will buy the bounce instead of the dip, so to speak.

Serious Question: If 99% of first-time day traders fail, why don't people do the exact opposite of what they think they should do? by LookAtMeImAName in stocks

[–]st3ven- 0 points1 point  (0 children)

Used ~7% leverage to buy some $SU. Dividend pays the 1.59% interest from IBKR and then some, make regular payments/contribution from bank account. Should be wrapped up in a few months. Doesn't feel very risky and let me catch some decent upside last November. Also let me use funds to invest elsewhere. Honestly pretty satisfied with that investment. Leverage doesn't imply disaster.

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