Stonks always go up
Stonks always go up
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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The nice thing about it, the financing done on a flow-through basis at $4.82/sh. Maybe Eric Sprott took it all down, that would be nifty.This quote is hidden because you are ignoring this member. Show Quote
Stocks will usually drift to the price of the pp.
But then they always go up.
AMX started trading again 20 minutes ago. It's down a little bit from yesterday's close.This quote is hidden because you are ignoring this member. Show Quote
Dipped a toe into suncor today.
What’s the play with Russia invading Ukraine? Sell everything on market open? Sell everything but energy stocks with oil hitting $100 already? Ride it out and cross my fingers the markets don’t plunge like they did in March 2020?
I like neat cars.
Long term? Do nothing.
Short term? You could try and ride oil up for a couple weeks then revert those positions into the deflated general market. Probably already too late if you haven’t already started. Oh , and that would be trying to time the market. Which always works.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
has anyone ever heard or done a "borrow to invest" strategy? basically what it says, borrowing a lump sum of money from a bank to invest long term, and you just pay the monthly payments?
You seem to have some interesting credit needs lol
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
You can also borrow to pay off debts. It's really a great way to handle your finances.
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It is a thing.
Basic idea is you borrow at a low interest rate, say on a secured prime+1% LOC and invest in something with a higher % return. Difference in % is your profit, or goes entirely back towards original borrowed amount.
Thing is most banks have a clause that specifically that you cannot do this unless you disclose this intention up front, so they can charge you a higher interest rate based on the risk.
I havn't dealt with this kind of thing in a long time, so there may be new rules or relaxations.
I'd use your house as collateral.This quote is hidden because you are ignoring this member. Show Quote
hahaha legit. dont' get me wrong, i have good credit, no debt other than mortgage. i've just been laggin behind. im old school. just fill up rrsp and tfsa and let it ride. but ive been working from home since pandemic, and hearing friends stories and doing my parents taxes, jsut got me thinking and more interested in long term investments/other vehicles of retirement income. havne't really been interested or heard any other ways till the past few months.This quote is hidden because you are ignoring this member. Show Quote
hearing some friends have pension plans from their work, i had none, until my company finally started rrsp matching last month. i do have a rental which would be my only other source of income if i keep it, but i do plan on getting more.
yea been hearing right now, its prime +.75%. seeing some numbers being calculated, seems like a pretty good idea.
EIT-UN.TO, can't lose.This quote is hidden because you are ignoring this member. Show Quote
I have a toe dipped in there. Its the only one that black for me.This quote is hidden because you are ignoring this member. Show Quote
wow 9% dividend, nice.This quote is hidden because you are ignoring this member. Show Quote
got wealthsimple last yr, so im new to looking at these and trying to figure out which etf's are good and not
If you can get a low enough interest rate and can write off the interest it could be good long-term strategy. I implement the Smith Maneuver where I borrow from my HELOC to invest in stocks and write off the interest. It's a long term strategy however because you don't want to be the person who borrows 65% of the equity in their home and then have the markets drop 30%, only to sell.This quote is hidden because you are ignoring this member. Show Quote
I think it is a fantastic idea, because like any kind of leverage nothing can ever go wrong.This quote is hidden because you are ignoring this member. Show Quote
Just buy XBAL, VBAL or MAW104 and don't do anything else.This quote is hidden because you are ignoring this member. Show Quote