AreWeThereYet
Active VIP Member
Well for starters if you aren't using a TFSA for trading you will be paying tax on gains
Stocks to watch
- Thread starter broke'n'nuts
- Start date
drew562
Active VIP Member
You can set it up as a self directed rrsp. Then use the money to buy stocks as u wish
Bnorth
Active VIP Member
Many have maxed TFSA accounts, myself not included unfortunately. Pretty liquid right now though so will mostly be buying market ETFs and may play a little on some riskier buys. I won't be buying much maple mostly US equities.
pfi572
Active VIP Member
This is the best advise !!
Buying Stocks are like gambling . Only invest what you can throw away or burn on the table and you will be fine . Lol
Pay to invest , pay to sell and then pay taxes if you make anything when you hit sell .
It’s all rigged but sure fun when you win .
Bnorth
Active VIP Member
As ETFs VUG has been good to me so has VIG.
TFSA & RRSP: safer investment stocks
Non Registered: gambling stocks (capital gains and losses)
I keep buying weekly, was lucky enough to have moved some to cash and low risk investments in the fall. For most of us who can't time the market (everyone) best strategy is dollar cost averaging. Also don't forget to take some profits on your "gambling stocks". 20% gains or 20% losses easy in 1 day right now. Best money I ever made was in late 2015 and early 2016 oil tanking/increase, this is another gift of daily swings if you're into trading. The only oil companies I'm buying for long term hold is Suncor/CNRL, the mid/small caps are daily trades only. Just think in 1 month from now when Opex acts on an oil cut, Covid is peaked, do you think oil will be the same price? How about 6 months from now?
Most of my RRSP is through Sunlife so is hands off other than picking the funds which is nice and hands off. I have another bit in my own managed RRSP, I manage my own TFSA and kids RESP. I've learnt alot of the years, mostly is to not dump everything in oil stocks like us Albertans always wanna do.
My recommendation: Start with a small bit of cash, don't be dumping or moving your life savings into you're own managed account. As others have mentioned I don't think this is the bottom, worse to come. This is an opportunity of a life time, the world is not ending, generally after pandemics you will see a roaring economy as all companies and even the government get more efficient, short easy to read article: https://business.financialpost.com/...re-a-sick-economy-when-covid-19-pandemic-ends
Non Registered: gambling stocks (capital gains and losses)
I keep buying weekly, was lucky enough to have moved some to cash and low risk investments in the fall. For most of us who can't time the market (everyone) best strategy is dollar cost averaging. Also don't forget to take some profits on your "gambling stocks". 20% gains or 20% losses easy in 1 day right now. Best money I ever made was in late 2015 and early 2016 oil tanking/increase, this is another gift of daily swings if you're into trading. The only oil companies I'm buying for long term hold is Suncor/CNRL, the mid/small caps are daily trades only. Just think in 1 month from now when Opex acts on an oil cut, Covid is peaked, do you think oil will be the same price? How about 6 months from now?
Most of my RRSP is through Sunlife so is hands off other than picking the funds which is nice and hands off. I have another bit in my own managed RRSP, I manage my own TFSA and kids RESP. I've learnt alot of the years, mostly is to not dump everything in oil stocks like us Albertans always wanna do.
My recommendation: Start with a small bit of cash, don't be dumping or moving your life savings into you're own managed account. As others have mentioned I don't think this is the bottom, worse to come. This is an opportunity of a life time, the world is not ending, generally after pandemics you will see a roaring economy as all companies and even the government get more efficient, short easy to read article: https://business.financialpost.com/...re-a-sick-economy-when-covid-19-pandemic-ends
I'm calling BS on this part. They are literally designed to become less efficient with every step they take and every societal development.
I find it interesting that Buffet was known to be sitting on billions in cash because he thought it was better than buying into any part of a market. And suddenly everything drops in value by __ % and the cash is going to buy a lot of the market. Pretty good move on his part.
- Moderator
- #32
Bogger
Bogger of the GBCA
My direct investment accounts are all tax sheltered or differed (TFSA & RRSP)
I've been chasing Suncor down over the past few weeks I have bought it at $28, $24, $18 and currently have an order in for 100 @ $12 - not likely but who knows.
Dividend yields are very high right now on some of these and if they bounce back without adjusting dividend payouts the returns are amazing
Suncor @ $15.63 = 11.9% yield
Capital Power @ $22.45 = 8.55% yield (It's dipped as low as $20.40 this week)
CIBC @ $72.19 = 8.09% yield
Badger Daylighting has fallen from $49 in July to under $19 this week
Seven Generations is down 84% in the past year and at $1.59 today is a steal.
Calfrac jumped 62% today ($0.16 - $0.26) but less than a year ago was trading at $3.80 - down 93% - will they fail? maybe but if not $0.26 look good.
If you like beer ABinbev (Budweiser/Labatt) was over $100 6 months ago and is at $36 today with a dividend yield of 5.52%
My Apple stock is down to $245 after peaking in January @ $345 yield is low even at this price (1.26%) but I bought in over a year ago at $136 but out of 40 analysts following it 72% of them have it at a buy or strong buy rating with 22% at a hold - only 2 of them believe it will underperform.
Pinnacle is one of my local favorites, bought at $8 sold at $12, bought back in @ $7, should have sold in Feb @ $11 but now it's on sale for $5.
Don't take my advice because I suck at this chit, getting better but still can't forecast the market, watch the news and buy on panic I got this part, it's the selling I seem to have an issue with. My pot stocks jumped from $11K to $80k in a matter of weeks/months but by the time I sold a bunch my portfolio settled out at about $37K - much better than my starting point but not as nice as $80k.
I've been chasing Suncor down over the past few weeks I have bought it at $28, $24, $18 and currently have an order in for 100 @ $12 - not likely but who knows.
Dividend yields are very high right now on some of these and if they bounce back without adjusting dividend payouts the returns are amazing
Suncor @ $15.63 = 11.9% yield
Capital Power @ $22.45 = 8.55% yield (It's dipped as low as $20.40 this week)
CIBC @ $72.19 = 8.09% yield
Badger Daylighting has fallen from $49 in July to under $19 this week
Seven Generations is down 84% in the past year and at $1.59 today is a steal.
Calfrac jumped 62% today ($0.16 - $0.26) but less than a year ago was trading at $3.80 - down 93% - will they fail? maybe but if not $0.26 look good.
If you like beer ABinbev (Budweiser/Labatt) was over $100 6 months ago and is at $36 today with a dividend yield of 5.52%
My Apple stock is down to $245 after peaking in January @ $345 yield is low even at this price (1.26%) but I bought in over a year ago at $136 but out of 40 analysts following it 72% of them have it at a buy or strong buy rating with 22% at a hold - only 2 of them believe it will underperform.
Pinnacle is one of my local favorites, bought at $8 sold at $12, bought back in @ $7, should have sold in Feb @ $11 but now it's on sale for $5.
Don't take my advice because I suck at this chit, getting better but still can't forecast the market, watch the news and buy on panic I got this part, it's the selling I seem to have an issue with. My pot stocks jumped from $11K to $80k in a matter of weeks/months but by the time I sold a bunch my portfolio settled out at about $37K - much better than my starting point but not as nice as $80k.
- Thread starter
- #33
broke'n'nuts
Active VIP Member
Haha, I don’t agree with quite a bit of the things on the forum but that being said I can learn something from everybody. That’s the great thing about this site is we all have different backgrounds that bring different ways of looking at things to the table.....I’m looking for the “hmm, haven’t thought of that” info to research. Whether it be a stock or a strategy. Always room to grow my knowledge. I looked at bitcoin a few yrs ago before it took off kick myself now. That’s the joy of investing, hindsight is 20/20. But the only person who is going to look out for my personal finances the best is not the bank, or a financial advisor....it’s me
- Thread starter
- #34
broke'n'nuts
Active VIP Member
I haven’t bought any oil yet, I’ve been mostly pipeline. The IPL yield is pretty dam good but that’s what scares me. Have done very well with ENB over time, not as good with TRP. Power and oil I think will be the staples in this time. Banks are going to struggle if they don’t bounce back quick.
Thinking I may need a good pharmaceutical company
freeflorider
Active VIP Member
Oh I was just offering cheap advice. If you want better picks it’s going to cost more lol. I’m thinking the same dan lots won’t come back from this including a lot of small businesses in our towns.
- Moderator
- #36
Bogger
Bogger of the GBCA
I haven’t bought any oil yet, I’ve been mostly pipeline. The IPL yield is pretty dam good but that’s what scares me. Have done very well with ENB over time, not as good with TRP. Power and oil I think will be the staples in this time. Banks are going to struggle if they don’t bounce back quick.Thinking I may need a good pharmaceutical company
Banks have not been hit nearly as hard as energy & technology sectors so although I feel there is less risk there is also likely less return. A lot of green out there today but we saw that last Thursday as well and all daily gains were washed on Friday. If today is good Monday can go either way.
With California and New York talking about forced/mandatory lock down things could get worse. I wish I had of waited a week before trying t test bottom but like you said hind sight is 20/20.
I'm not investing for short term gains, I'm looking for long term dividend income now.
jhurkot
Active VIP Member
AreWeThereYet
Active VIP Member
Hopefully NR with VXL for a drive,.. Sona moved on Friday for a strong close,..strong bio stocks shouldn't be altered much. Should be good movement on HOD/HOU, for the drives and dips. I know will I have a busy day tomorrow,.. gonna chase the runners for quick scalps.
jhurkot
Active VIP Member
DJI going below 18k today?
AreWeThereYet
Active VIP Member
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