Investing

[Merged] Another bloody red day on the TSX

  • Last Updated:
  • Oct 13th, 2018 7:07 pm
Deal Addict
Jul 23, 2007
3507 posts
1313 upvotes
I've no idea where the TSX is headed nor any other market for that matter. I just continue to do what's served me well over the long term and buy the unloved. Lately the laggards I've added to are Canadian bonds, the TSX and EAFE indexes in the RRSP's and TFSA's. Canadian pipeline and electrical utilities equities in the non-registered.
'
Sr. Member
Feb 26, 2017
741 posts
334 upvotes
I'm mostly focusing on the dividend growth of my Canadian portfolio. With US tax cuts and politics I've been mostly adding US stocks in the last year but don't plan on selling my Canadian stocks.

Overall the my Canadian portfolio is down but every stock has raised their dividend with overall dividends increases are around 9%. If the companies continue to do well the stock price should follow the earnings growth in the long term.

¯\_(ツ)_/¯
Deal Expert
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Sep 19, 2004
21685 posts
3849 upvotes
Waterloo
guess we can revive this thread now
Red day #5

TSX
15,584.59
-269.46 (-1.7%)

11:22 AM, OCT 10
S&P 500
2,843.21
-37.13 (-1.29%)
11:07 AM, OCT 10

DOW
26,086.62
-343.95 (-1.3%)
11:07 AM, OCT 10

NASDAQ
7,584.15
-153.87 (-1.99%)
11:07 AM, OCT 10

OIL
73.21
-1.75 (-2.33%)
10:12 AM, OCT 10
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Dec 8, 2010
2326 posts
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Westjet down a LOT. AC, EIF etc all down too but nowhere near as much.
Deal Addict
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Aug 4, 2014
1440 posts
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Toronto, ON
jerryhung wrote:
Oct 10th, 2018 11:28 am
guess we can revive this thread now
Red day #5
daivey wrote:
Oct 10th, 2018 11:49 am
World is ending
Damn, and here I thought that the market is just having another period.. :)

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Sep 19, 2004
21685 posts
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Waterloo
2018 Total Returns (in US$), S&P 500 vs. MSCI Equity ETFs...
US: +8%
Japan: -2%
France: -3%
Brazil -4%
Canada: -5%
UK: -6%
Australia: -8%
Italy: -11%
Germany: -12%
South Korea: -16%
India: -17%
China: -18%
Indonesia: -24%
South Africa: -29%
Argentina: -29%
Turkey: -56%
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Sr. Member
Oct 21, 2014
917 posts
720 upvotes
Burlington, ON
daivey wrote:
Oct 10th, 2018 11:49 am
World is ending
Not for us. However, Trump's majorities in the senate and the house are coming to an end if he doesn't stop the bleeding.
Jr. Member
Jun 15, 2010
170 posts
18 upvotes
Toronto
My portfolio is so Red is freaking crazy.... wtfff
Deal Addict
Jul 23, 2007
3507 posts
1313 upvotes
I'd hate to see people's reactions if we ever have another day where the TSE was down 11% and the DJIA dropped 22%.
Member
Feb 5, 2017
391 posts
207 upvotes
I agree with Jerry.. Every other market is down for the year while the US was the last remaining one in positive territory. Once US follows, every other market is going to follow as well.
Buy and hold is not for me sorry.
Sr. Member
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Nov 4, 2016
550 posts
322 upvotes
Stryker wrote:
Oct 10th, 2018 2:00 pm
I'd hate to see people's reactions if we ever have another day where the TSE was down 11% and the DJIA dropped 22%.
If you wait until it is down 11% or 22% in just one day, you obviously waited too long. When even Warran Buffet goes cash, we should seriously consider selling all also.

https://www.fool.co.uk/investing/2018/0 ... -the-same/
The amount of cash held by Berkshire Hathaway — Buffett’s investment company — is now approximately $130bn (£98bn).

This might be less than the $200bn he’s thrown at long-time favourites such as Coca-Cola and, more recently, tech-giant Apple. But it’s also a lot more than it once was.

For someone who has built an estimated wealth of $90bn through buying when others are fearful, it’s telling that Buffett hasn’t been buying much of anything lately.

This reluctance is understandable. With US markets at all-time highs, even he’s struggling to locate value. Famous for wanting to purchase quality businesses at reasonable prices, rather than reasonable businesses at cheap prices, it would seem that the former are becoming as rare as hens’ teeth.

This wouldn’t be all that interesting were it not for the fact that Buffett’s got form when it comes to judging when to build a cash pile.

You see, he did exactly the same thing in the run-up to the dotcom bust at the beginning of the millennium, and then again in the run-up to the financial crisis. Despite being averse to timing the market, he seems to be rather good at it. And with acquisitions very much the flavour of the day in the US (a sign that those selling their companies believe they’ve hit peak value?), it seems Buffett is preparing himself for the end of the longest bull market in history.
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Apr 21, 2004
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jerryhung wrote:
Sep 13th, 2018 9:27 pm
and I have ROOTs and Dollarama :(
Roots -20% in 2 days
DOL -20% in 1 day

Fuuck
Roots should do weeds Jerry. It worked for Second Cup.
Deal Addict
Nov 9, 2013
2407 posts
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Edmonton, AB
alanbrenton wrote:
Oct 10th, 2018 2:39 pm
Roots should do weeds Jerry. It worked for Second Cup.
Roots should rebrand itself as a cannabis based clothing / culture company that sells on the block chain. They can couple this with an ICO (RootCoin). BOOM +40%!
Deal Addict
Nov 28, 2010
1104 posts
187 upvotes
Brampton
Should we just go inverse leveraged ETFs to counteract this selloff?

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