Investing

What did you buy? What might you buy??

  • Last Updated:
  • Jan 18th, 2018 10:11 am
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Member
Jun 28, 2016
259 posts
134 upvotes
dlhunter wrote:
Jan 12th, 2018 5:05 pm
This, of course, can continue for some time. But its not investing anymore. Gogo markets that take stair steps up and elevetor shaft down.

Im selling stocks Im long and that i dont anticipate a lot of upside. Closing all downside exposure too.
There are signs we could turn soon:
VIX futures ended up on a massive day
Yen rallied against dollar
Gold is up
Bonds finished strong and expecting more upside
Volume has been pathetic, mostly machines trading.
Yet, new funds inflow is some kind of record - typical chasing by retail investors in the ending bull market.
I basically agree with you. On the other hand, I basically held this view early last year and was dead wrong. I did okay last year, but holding 60-75% cash in HISAs all year is a big drag on returns (my portfolio only returned about 7%). Clearly, I still agree, as my investing strategy hasn't changed much, but I'm looking at that Trump tax break (probably largely priced in, but who knows in this market) and wondering whether this party might drag on for another year or even another 2 years. Certainly, while there are many warnings signs (crazy debt loads, financial bubbles, Fed unwinding, the silliest bond offerings the world has ever seen in Europe, narrowing yield spread) it's all just the same set of warning signs as last year (just worse, as the debt loads and bubbles have grown, while interest rates have crept up). There's really nothing to say the zany Gogo market of last year might not Gogo right to S&P 3500 (that's only another 25-30%, right?).

I guess we'll see what the future holds, but I've given up on trying to call a top. I just manage my portfolio in a way which will minimize draw down when it comes, and try to capture part of the upside in the meantime.
Member
Feb 4, 2017
227 posts
143 upvotes
Toronto
MajorPaine wrote:
Jan 15th, 2018 12:18 pm
Thinking of buying cineplex on this dip, whats your thoughts?
Don't buy until negative momentum subsides. Wait for it to be in green first before even thinking of buying.
Deal Addict
User avatar
Oct 9, 2008
4290 posts
945 upvotes
Thornhill
CheapMang wrote:
Jan 15th, 2018 12:24 pm
Don't buy until negative momentum subsides. Wait for it to be in green first before even thinking of buying.
Technically speaking - RSI is currently 19.33 so it's indicating short-term oversold conditions. This doesn't mean that it can't be further oversold but if someone were interested in Cineplex as a longterm investment it's probably safe to start a scaled in position imho.

I'm content with waiting until it breaks down further.
Deal Addict
Feb 9, 2013
1050 posts
177 upvotes
Mississauga
Is google finance down? it is still showing friday market data
Restaurants/Travel/Entertainment - BMO RWE (2.14% Travel CB)
Gas/Groceries/Recurring - TD CB Infinite (3% CB)
Foreign stuff - Rogers CB (1.50% Net CB)
Everything else - MBNA RWE (2% CB)
Sr. Member
Jul 27, 2017
571 posts
169 upvotes
GTA
I'd appreciate an honest opinion on my possible choice of two ylo/casino investments for 2018

Should I, shouldn't I, if not, why not - if so, which one?

its either 100 shares SVXY at approx $138US, then option it selling a covered call long to Jan 2019 at $140 strike price, option premium is paying $41.75, with a downside protection to $96.25

https://finance.yahoo.com/quote/SVXY/op ... 1547769600

or buy 100 shares Berkshire Hathaway BRK.B at $210US, just sit on it, wait till it pops 30% then sell it?

https://finance.yahoo.com/quote/BRKB?ltr=1
Last edited by porticoman on Jan 15th, 2018 1:47 pm, edited 1 time in total.
Deal Addict
Jul 30, 2001
2502 posts
737 upvotes
GTA
jdu0ng wrote:
Jan 15th, 2018 1:42 pm
Is google finance down? it is still showing friday market data
If you are looking at US stocks, you do realize that the US markets are closed today?
Deal Addict
Feb 9, 2013
1050 posts
177 upvotes
Mississauga
N8Magic wrote:
Jan 15th, 2018 1:56 pm
If you are looking at US stocks, you do realize that the US markets are closed today?
Oh, didn't notice it was martin Luther day. thanks!
Restaurants/Travel/Entertainment - BMO RWE (2.14% Travel CB)
Gas/Groceries/Recurring - TD CB Infinite (3% CB)
Foreign stuff - Rogers CB (1.50% Net CB)
Everything else - MBNA RWE (2% CB)
Deal Addict
Dec 23, 2008
1192 posts
51 upvotes
Montreal
Are you guys buying any US stock? I have 10k I need to invest for the wife and frankly I feel the market is ready for a pullback(lol I know right). I'm looking at some Canadian stocks but energy seems lackluster for now and I already have some investments in banks and energy. I was thinking aerospace possibly an airline or defense contractors which I don't have any exposure too at this point.
Member
Feb 4, 2017
227 posts
143 upvotes
Toronto
Mike2000z28 wrote:
Jan 15th, 2018 2:15 pm
Are you guys buying any US stock? I have 10k I need to invest for the wife and frankly I feel the market is ready for a pullback(lol I know right). I'm looking at some Canadian stocks but energy seems lackluster for now and I already have some investments in banks and energy. I was thinking aerospace possibly an airline or defense contractors which I don't have any exposure too at this point.
Of course. I don't attempt to time the market. The US stock market was ready for a pullback last year when it was up 20% from Nov 2016 to Summer 2017... and look what happened. As soon as my TFSA contribution room freed up this year (Jan 2), I bought more and look what happened, US market goes up more.
Deal Addict
Jun 3, 2009
3894 posts
480 upvotes
Montreal
RCI.B is barely down today after the CBC Go Public article. Is the bottom in for Canadian telecoms?
Deal Expert
User avatar
Sep 19, 2004
20584 posts
3221 upvotes
Waterloo
cn_habs wrote:
Jan 15th, 2018 4:39 pm
RCI.B is barely down today after the CBC Go Public article. Is the bottom in for Canadian telecoms?
Let's hope so. BCE is near 52w low, jokes

Bond is killing dividend plays like telecoms, utilities, etc..

Surging bond yields threaten BCE, Telus, Rogers stock - The Globe and Mail
https://www.theglobeandmail.com/globe-i ... e37600472/
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Member
Mar 30, 2017
234 posts
98 upvotes
seatiger wrote:
Jan 12th, 2018 7:05 pm
Bought pony.to yesterday @2.11
sold all PONY today @2.19, profit 3.3% for 3 trading days
99.76% SVXY 0.24% cash😂 profit YTD 2.03%😂
Deal Addict
Feb 26, 2012
1792 posts
269 upvotes
MISSISSAUGA
Anyone have CGX in sight?

It’s very tempting at 5% yield. But it feels like a trap.

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