Investing

What did you buy? What might you buy??

  • Last Updated:
  • May 24th, 2018 4:15 pm
Tags:
None
Deal Addict
Jun 27, 2007
3703 posts
750 upvotes
bot CTC.A @143
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Dec 3, 2014
1185 posts
248 upvotes
Ontario
Ismellofhockey wrote:
Jul 6th, 2017 9:18 am
But you have exchange rate risks, and your dividends are taxable.
I don't see exchange rate risks. It's currency diversification and there's no foreseeable reason why one would be on the losing side (in any meaningful sense) of a currency trade holding US equities. If you can, buy XLF in your RRSP which solves the foreign withholding issue. I buy XLF not just with dividends in mind but share appreciation.
Deal Addict
Dec 3, 2014
1185 posts
248 upvotes
Ontario
Wavelet wrote:
Jul 6th, 2017 9:43 am
I prefer CIBC to either of those. The valuation is much better, the dividend is much better, and, if I want diversification by way of US banking, I can just buy shares in a US bank. BNS gives South/Central American exposure, but, again, there are other ways of getting that.
What happens to CIBC when the real estate market falls out from under itself?
Deal Addict
Jun 27, 2007
3703 posts
750 upvotes
llpresident wrote:
Jul 6th, 2017 12:03 pm
What happens to CIBC when the real estate market falls out from under itself?
"this will never happen! Government will not let prices fall! This time it's different!"
LOL

p.s. honestly, banks are hedged and insured. Only small portion of their portfolio uninsured. They are machines to make money. But what could bring their share price down is indebted consumer not willing to take on new loans. Existing loans will make the banks profitable anyway, just don't expect EPS growth like in the past.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
User avatar
May 11, 2014
2025 posts
937 upvotes
Iqaluit, NT
Bought Exchange Income Corp and Laurentian Bank
Support your local Credit Union! PM for different options available!

Sask Pension Plan Upto $6000/yr in Credit Card spending on RRSP contributions
saskatchewan-pension-plan-985264/
Deal Addict
User avatar
May 11, 2014
2025 posts
937 upvotes
Iqaluit, NT
jerryhung wrote:
Jul 6th, 2017 9:39 am
holy, Air Canada (AC) +10% on good news
why did we buy anything else, geez...
Long overdue... I am now considering paring down my position and cashing out on my gains :D My bet paid off!
Support your local Credit Union! PM for different options available!

Sask Pension Plan Upto $6000/yr in Credit Card spending on RRSP contributions
saskatchewan-pension-plan-985264/
Jr. Member
Dec 22, 2005
187 posts
18 upvotes
Can't you buy the bank in CDN and journal the shares over to USD?
Isn't that the same thing? No need to worry about currency exchangel
Deal Addict
Jun 27, 2007
3703 posts
750 upvotes
schnitzer wrote:
Jul 6th, 2017 1:27 pm
Can't you buy the bank in CDN and journal the shares over to USD?
Isn't that the same thing? No need to worry about currency exchangel
the dividend gets paid in CAD, so you will lose conversion fee (1.5-2.5%). why?
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Jun 27, 2007
3703 posts
750 upvotes
bot TSLA JUL +305 / -2x325 / +350 broken wing butterfly. pure bounce play.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Fanatic
User avatar
Dec 21, 2005
5035 posts
342 upvotes
Markham
Anyone picking up THO Tahoe Resources? -30% since one of their mines temporarily(?) suspended
:idea: :) :lol: :razz: :D
Member
Jun 28, 2016
267 posts
139 upvotes
llpresident wrote:
Jul 6th, 2017 12:03 pm
What happens to CIBC when the real estate market falls out from under itself?
The same thing that happens to all the other Canadian banks: their share price and short-term growth takes a hit, as they take some losses to uninsured mortgages. While that's happening, I'll collect my 4.8% dividend, rather than the 3.7% dividend currently available at TD or RBC. All I'm saying is that if I'm going to play rising Canadian interest rates by owning a Canadian bank, then I might as well own a Canadian bank, rather than some half-Canadian bank which trades at a premium due to exposure to the US (like TD or RBC). If I want exposure to the US, I will get it via a US bank.
Deal Addict
User avatar
Jan 16, 2011
1545 posts
517 upvotes
The NORTH
Put in a buy for aim again yesterday, thin volume in the morning so I was going to do a day trade. Buy was for 38000 shares at $1.60 but it didn't get that low. Bounced off it's intraday low at the end of the day. My eyes maybe too big, was looking at a buy at $1.60 and a sell at $1.70, if I had grabbed at $1.62 and had a ¢5 window I could have sold at $1.67 for $1900 profit.

May take another stab at it again today depending on volume... Keep my window small, ¢5 will net me a tidy profit.

-=AM Edit=- Bought 38000 shares at $1.60 this morning. Put in sell order for $1.68 (greedy). Will review throughout morning and lower to $1.65 if I get too worried about volume.

-=PM Edit=- revised sell order to $1.65 as volume did not build throughout the early afternoon. Sell order was filled, 38000 shares at ¢5 profit for $1,900.

I have a TONNE of aim in my TFSA with an average cost in the low $2 range. I've been watching this since the end of May. I'm gonna keep flipping this in my rrsp whenever I see a favorable pattern develop.
Last edited by kr0zet on Jul 7th, 2017 7:48 am, edited 1 time in total.

Top

Thread Information

There are currently 2 users viewing this thread. (0 members and 2 guests)