Official Long-term Investments Thread

[ZenOps]

USA did not lower fed rate, and they expect maximum of one rate cut later in the year.

Plunking down some extra cash as a GIC at a bank might gain you some brownie points with that bank, if not so many dollars. Next year no doubt the banks will need extra cash to cover all the people who will bail on their mortgage renewals if they simply can't afford it. I can't remember a time when rates rose so drastically and now seem to be stubbornly flat.

Might be a quick way to raise credit rating if you please said banks.

Never forget: Mort Gage = Death Pledge.

[max_boost]

No more petrol dollar from the saudis
What say you zenops
Should we go long some other dollar lol

[ZenOps]

I always liked the idea of fight it out Quatloos. USD is stale and decrepit, even as a military dollar.

[max_boost]

nasdaq approaching 18k
spy approaching 5.5k
so hot right now

[Ekliptix]

The market increased this week, in part a response to economic optimism following the Trump assassination attempt, improving the chances for a Republican leader. My 2 cents.

Berkshire - BRK.NE up 7% in the past week. +20% YTD. +25% 12 months.
S&P - VSP.TO up 1%+ in the past week. +19% YTD. +24% 12 months.

Canadian tire has lost much of the gains since pre covid, down 24% in 12 months.

Something I'm watching but not invested in is NANC. It's an ETF for those with some conspiracy theory in them. "NANC seeks to broadly invest in stocks purchased or sold by Democratic members of the US Congress and their families".
NANC is +30% in 12 months. +55% since Mar 2023. Beating the above two investments by 5-10% in the same period. Totally a hail mary tho.

6 Year TFSA

[jwslam]

Anyone riding the Caterpillar?

[taemo]

for lulz and diversification I started investing on NANC, anyone been on this for a while with good returns?
there's also KRUZ in case you are team red.

[mr2mike]

Everyone in Canada in the East thinks fossil fuels are done. But look at the list of tsx30 with the top companies driving the country and the majority are energy stocks.

https://www.newsfilecorp.com/release...anadas-Economy


https://www.newsfilecorp.com/release...anadas-Economy

[killramos]

Even I’ll admit that’s a pretty biased ranking. Most of those companies have pretty pathetic market caps and all this measurement represents is price appreciation in WTI coming out of COVID pricing.

[ThePenIsMightier]

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Everyone in Canada in the East thinks fossil fuels are done. But look at the list of tsx30 with the top companies driving the country and the majority are energy stocks.

https://www.newsfilecorp.com/release...anadas-Economy


https://www.newsfilecorp.com/release...anadas-Economy

So weird!! I haven't noticed the value of waterfront properties plummeting, either. Even though it's an irrefutable fact that they will all be underwater dangerously soon when the ocean rises by several irrefutable meters.

[ThePenIsMightier]

Cenovus down to $22.06 which is down almost 16% within the last month.
Feeling bottommy?

[asp integra]

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Cenovus down to $22.06 which is down almost 16% within the last month.
Feeling bottommy?

Its been in a range for a while now, bouncing between 21-29. Approaching the 200 MA on the weekly and has had higher volume lately. All signs it could be hitting a bottom and reversing soon. Potential to get closer to 20.42 before reversing. Probably not a bad pickup at these prices

[killramos]

Why cenovus of all companies?

[msommers]

#timingthemarket

[killramos]

#bebravewhenothersarefearful

[jwslam]

I bravely sell when others are fearful and HODL

[ZenOps]

Gold and silver on absolute tear compared to USD. Me though, nickels is the way.

10 year US bond gained 60 basis points since the rate cut. Its showing signs that the rate cut may have been a mistake.

[ExtraSlow]

I'm about to go long on Canadian junior heavy oil.

[killramos]

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I'm about to go long on Canadian junior heavy oil.

The BALLLLLZ on this guy

[ExtraSlow]