Investing

What did you buy? What might you buy??

  • Last Updated:
  • Dec 19th, 2018 12:32 am
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Deal Guru
Jun 26, 2011
11475 posts
1773 upvotes
Markham
Missed DOL at the open. Nice bounce there.

Edit: SQ just broke 70
Deal Addict
Oct 22, 2014
2834 posts
1007 upvotes
Toronto
zaidyboy wrote:
Oct 11th, 2018 10:40 am
nice little run for FTN
What is this FTN doing?
Deal Guru
Jun 26, 2011
11475 posts
1773 upvotes
Markham
Just bought some Square (SQ) and some Mercado Libre (MELI)
Member
Feb 29, 2008
230 posts
43 upvotes
GTA
Bought NFI
hoping for it to climb back now that NAFTA is resolved
Sr. Member
User avatar
Nov 4, 2016
681 posts
385 upvotes
treva84 wrote:
Oct 11th, 2018 8:50 am
I have some margin I may use today, although if this is just the beginning I should wait it out and see. Perhaps I’ll dip my toe in?
You are going to use margin during a possible start of a bear market? Are you trying to invest, or are you trying to gamble your life savings away.

We don't know if this is going to be bear. But during every bear market, there are people that use margin and ended up bankrupt, losing their house and all their assets.

If you time it perfectly, then of course you would win big. But it is funny that these are often the same people who yell at others for selling, asking "can you time the market"? Apparently those that sells early cannot time the market, but only those that uses margin to gamble everything away can time the market. (No offense to anyone of course. I am just saying we invest differently.)

I suggest this about investing: Taking a few punches is OK. But never take knockout blows.
Last edited by CCHIPSS on Oct 11th, 2018 11:57 am, edited 2 times in total.
Best shopping deals I got from here:
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Deal Guru
Jun 26, 2011
11475 posts
1773 upvotes
Markham
RolandCouch wrote:
Oct 11th, 2018 11:33 am
Just bought some Square (SQ) and some Mercado Libre (MELI)
SQ now $5+ off day low. Run baby run.

Edit: Stop in place to protect gains.
Member
Mar 4, 2008
353 posts
43 upvotes
BC
I only own TD and BCE. Because of them being a DRIP, I just hold on tight right? (I'm newer to investing...)
Deal Addict
Jul 24, 2003
1522 posts
249 upvotes
is BRK.B considered a good buy today?
Sr. Member
Oct 14, 2012
602 posts
309 upvotes
Woodstock
Personally I am not selling TD or BCE just because the market is bouncing around. I bought them to hold for years and years and get the 4-6% dividend. We can't tell you how to invest or what decisions to make but any choices you make should be based on your plans, your evaluation of the companies, and not fear alone.

Several rich people I know based their decisions mostly on asset allocation rather than on daily fluctuations in the market. For e.g. one kept 40% fixed income (bonds, GICs, cash) and 60% stocks. This meant if the value of their stocks dropped hugely, they would use their cash to buy more, thus being forced to "buy low." Similarly, though, if the value of their stocks rocketed up, they had to either invest more newly earned money in their cash pile, or sell some stocks to re-balance, thus forcing them to "sell high." It's a strategy to consider if you find your emotions are trying to make your decisions for you.
Sr. Member
Oct 14, 2012
602 posts
309 upvotes
Woodstock
It depends why you want to buy BRK.B. If for a long term position, looking at a 1 y graph it sure hasn't dropped much. It's way higher than it was in June.

If for a short term trade, who knows? Things bounce both ways. No idea how low it may go or when it may start to bounce back up.

For me, it would not be worth buying today but my goals are very long term.
Deal Addict
Nov 9, 2013
2551 posts
1220 upvotes
Edmonton, AB
CCHIPSS wrote:
Oct 11th, 2018 11:53 am
You are going to use margin during a possible start of a bear market? Are you trying to invest, or are you trying to gamble your life savings away.

We don't know if this is going to be bear. But during every bear market, there are people that use margin and ended up bankrupt, losing their house and all their assets.

If you time it perfectly, then of course you would win big. But it is funny that these are often the same people who yell at others for selling, asking "can you time the market"? Apparently those that sells early cannot time the market, but only those that uses margin to gamble everything away can time the market. (No offense to anyone of course. I am just saying we invest differently.)

I suggest this about investing: Taking a few punches is OK. But never take knockout blows.
1) I use margin when I think there are attractive buys. There aren't attractive buys unless prices go down.

2) I have a specific plan for margin and I'm not "gambling my life savings"

3) I don't think I can time the market or pick a bottom. Instead, I look at projected forward returns and buy when they are attractive (see #1).

Have you ever thought about ways emotions interfere with a persons ability to invest?
Sr. Member
User avatar
Jan 28, 2007
534 posts
299 upvotes
Earth for now
Elfwood wrote:
Oct 11th, 2018 11:16 am
What is this FTN doing?
Run from a day low of about $6.80 up to $8.44 and sitting at about $8.30 at the moment ... I could have bought in lower, but I don't try to time the market, I just look for an oversold stock ;)

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