Official Short-term Investments Thread

[davidI]

The highest tax rate payable in Alberta is 39%.

If you were to make 9.34% in interest you'd in theory pay 39% tax on that (leaving you with an after-tax gain of approximately 5.7%). Of course, his math doesn't account for the fact that you can shelter your investments through RRSPs and TFSAs or that capital gains are only taxed at 50% and Dividends at 25% or that inflation can make deferring mortgage payments a smart move (assuming you're investing in something that is inflation defensive) etc. etc. etc.

[e36bmw///]

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[roopi]

Originally posted by e36bmw///

However, that 9.34% is essentially risk free.

How is this risk free?

[e36bmw///]

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[e36bmw///]

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[Meback]

Major dip in everything, best buying opportunity, might still be some great deals floating around. What is everyone getting into?

[Feruk]

Waiting for a bottom in oil; not touching anything in that sector.

I've loaded up on:

Lorex Technologies (LOX): Video cameras for security that allow owner to monitor through Skype. Great idea; I could see a lot of interest in their products.
Armistice Gold (AZ): Getting ready for first gold sales. Hoping to get a pop for re-valuation from explorer to producer then dump.
JP Morgan (JPM:US): Recent dip is massively over the top. For $2 billion loss (with still a $5 billion profit that quarter), company's value has declined nearly $50 BILLION since March. I think it's a one time occurrence and people panic sold. Same reason I'm riding SNC Lavalin.
Shorting Dollarama (DOL): Stock's gotten way ahead of itself.

[dawerks]

The markets are weak but CRUS is lighting it up with 52 week highs.

I am telling you guys, anything linked to Apple is going 45 degrees. It took a while but CRUS is finally getting recognized and it's an easy 2 bagger from here.

All stocks have problems, do you own DD.

[cloud7]

Originally posted by Feruk
Waiting for a bottom in oil; not touching anything in that sector.

I am the same... not touching oil at least until mid-June.

[dawerks]

I want to buy NVDA tomorrow, but semi conductors just die in the summer time. I should let it sit and wait, but can I have patience?

[bitteeinbit]

Haha I was in on DOL between 22$ onwards. Traded it a bit until it got to 26$, then it stagnated a bit over the summer of 2011 and I dumped it just before the massive rally, lol. As the economy improves it'll go down but so long as people are scared it might just stay high. It was such a great little stock to trade. Along with ENB is was predictable, just like clockwork. Now it's a bit crazy...

[ZenOps]

Its not every year that is a "sell in may and stay away", but its pretty obvious now that this is one of those years.

The bear is out in full force, and I don't fight bears.

Enjoy the summer and forget the market.

[z24_wheels]

PYN taking a beating.

[bigbadboss101]

Anyone seen Silverex?

[Red@8]

Sold some of my gold positions today for healthy gains. I dont mind sitting on some cash.

I couldnt help myself from picking up UUU today.

[ZenOps]

Gold and silver the only thing holding up today.

Oil is tanking, markets are tanking.

But in general, silver will follow a market crash (if the market is crashing) so the telling tale might be monday.

Gold can sometimes defy the market by either maintaining or gaining, which seems to be happening today. But in general, it may also follow the market down, albeit much less than silver does.

[dawerks]

Bought some NVDA below $12, couldn't help myself.

Hopefully somber minds come to the market on Monday but not too worried. I want to buy a little splash more of CRUS!

[troyl]

Does anyone trade US treasuries on RBC Direct Investing??? I am looking for a 30 year, but cannot find any US paper that I can trade.

Thinking I might short it...

[ZenOps]

Nikkei index is now at a 28 year low.

Those Japanese sure know how to take pain. I'd be raving mad if I had an investment that made nothing in the last 28 years (and on top of that - probably had to pay someone for the priveledge of being in the market)

[Manhattan]

Originally posted by ZenOps
Nikkei index is now at a 28 year low.

Those Japanese sure know how to take pain. I'd be raving mad if I had an investment that made nothing in the last 28 years (and on top of that - probably had to pay someone for the priveledge of being in the market)

This is offset by the highest rate of savings of any country in the world - around 25%.