Official Short-term Investments Thread

[dirtsniffer]

Good thing I picked up some SU yesterday. Was hoping for an election bump.

[riander5]

This quote is hidden because you are ignoring this member. Show Quote

Big Rock Brewing up 18% today??! WtF!?
Their EPS is still -0.88 so I think it's still a rocky road ahead. Did everyone think Election Day was going to turn something around?
So weird.

You're like Mr. Mine Guy.

What do you think of E3 Lithium? - $ETL

[ThePenIsMightier]

This quote is hidden because you are ignoring this member. Show Quote

You're like Mr. Mine Guy.

What do you think of E3 Lithium? - $ETL

I haven't heard of them.
My layman's rule is that anything ending in "ium" is highly volatile.

[schurchill39]

This quote is hidden because you are ignoring this member. Show Quote

You're like Mr. Mine Guy.

What do you think of E3 Lithium? - $ETL

Their CEO can come across as a bit of a dick but they are definitely out there meeting the right people and promoting the industry a ton across the world. They've partnered with an O&G company in central Alberta to take their waste water and process it which minimizes their cost for the pilot project and I would expect some good things to come from that.. I don't know how feasible it is on a large scale but I think if any one of the Canadian Lithium companies is going to make it it would probably be them.

[msommers]

In a global sense they're a very niche, small player when it comes to total lithium production.

Have they produced and sold anything yet or still in testing/field acquisition phase?

Their technology is really exciting, I hope they do well.

[roopi]

This quote is hidden because you are ignoring this member. Show Quote

@BavarianBeast since you're a fan of Biotech's take a look at EPRX (Eupraxia Pharma), warrants are EPRX.WT, EPRX.WT.A. It's been doing well lately and is in phase 2 trial with results expected soon.

EPRX.WT - expiry is 3 years away (March 2026) 11.20 exercise
EPRX.WT-A - expiry is 3 years away (April 2026) with 3.00 exercise

Some solid news on this one over the past couple weeks. Accepted into FDA fast track, positive Phase 2 results, analyst upgrade to $17.

[16hypen3sp]

What do the beyonders figure???

Situation: Got inheritance cash. Going to use this money, along with other funds, towards home purchase next spring.

Have been thinking about putting it in a Cashable Interest-Linked GIC from RBC. 4.4% interest rate on it as of time of this writing.

Also looked at ZMMK from BMO. (HISA ETF)

Also looked at RBF2010 which I'm still not too sure about.

I'm leaning towards this GIC tho.

What do you guys think???

[arcticcat522]

I suspect Game Stop is ready for another run....

Honestly, I think GIC isn't a bad option. But also....Some oil and gas stocks have over 10% dividend yield.

[ExtraSlow]

You want to minimize your risk of losing any over this short time period so it's available for the intended purpose. Probably.

[arcticcat522]

What he said is responsible ^^ where is the fun in that.

[mr2mike]

This quote is hidden because you are ignoring this member. Show Quote

Also looked at RBF2010 which I'm still not too sure about.
What do you guys think???

I cashed out of a bunch of stocks and instead of lying in cash, I bought this exact fund. Safe and offsets inflation a bit.

No strings attached to sell it and move your money out.
Interest is calculated daily but paid to your account monthly.

Insured up to $100k if I recall. Could be $500k now that I think about it.
No chance of losing, so good for your instance for a home purchase in the next while.

Also a good info graphic. Unrelated kind of.

[16hypen3sp]

This quote is hidden because you are ignoring this member. Show Quote

You want to minimize your risk of losing any over this short time period so it's available for the intended purpose. Probably.

This quote is hidden because you are ignoring this member. Show Quote

What he said is responsible ^^ where is the fun in that.

Exactly. I can't risk putting in O&G stocks and it declining. Need something solid. The interest rate on the GIC's aren't looking that bad like they used to be.

[ThePenIsMightier]

WealthSimple Black has a 4.61% high interest savings account. That sounds better.

[killramos]

This quote is hidden because you are ignoring this member. Show Quote

WealthSimple Black has a 4.61% high interest savings account. That sounds better.

This. Don’t fuck around with your timing by getting cute when you can pull nearly 5% interest out of a bank account.

[mr2mike]

Some prefer sticking with the bank everything is already at.
Nothing wrong with the rbf2010 fund he has asked about.
The other rbc products that appear to have higher interest rates, have fees which probably chew up that incrimental rate gain.

If the inheritance is over $100k, you could split it up to have it fully CDIC Insured across multiple accounts at the $100k insurance max.

[bigboom]

TDB8150 is a good short term place for money as well, currently paying 4.3%.

[mr2mike]

Applicable news
https://www.cnn.com/2023/07/06/busin...lag/index.html

[mr2mike]

EMO
Gold stonk.

[SJW]

HPQ silicon looking ripe. I have 60,000 shares. I wanna pay off my house with this one.

[ExtraSlow]

This quote is hidden because you are ignoring this member. Show Quote

HPQ silicon looking ripe. I have 60,000 shares. I wanna pay off my house with this one.

That's funny. I was thinking of taking some of my play money and just plonking it down on the mortgage now that interest rates have gone up.