Coronavirus vs Investing

[eblend]

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lol people still think they are getting those bonuses?

I got my 22% bonus just this last pay and promotion this Monday. I think it really depends how diversified your company is and in what field.

EDIT: Forgot this was the investment thread where people gave me shit for selling my VGRO at $27.00. If I were to buy now I would be down nearly 30 grand. I still don't know how that was a bad decision.

[89coupe]

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I got my 22% bonus just this last pay and promotion this Monday. I think it really depends how diversified your company is and in what field.

EDIT: Forgot this was the investment thread where people gave me shit for selling my VGRO at $27.00. If I were to buy now I would be down nearly 30 grand. I still don't know how that was a bad decision.

Or you could of just held and watched it go to $30 in a couple months.

[ExtraSlow]

You guys get bonuses? Fucking hell I just want to get 26 paycheques in a row.

[The_Rural_Juror]

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You guys get bonuses? Fucking hell I just want to get 26 paycheques in a row.

Granted. You receive 26 paycheques from Jan 1 to Jan 26. Each for a days work.

[bjstare]

If I'm honest, I'm pretty optimistic about this whole situation. The market needed a breather, and since I have no reason to sell anything in my portfolio I won't crystallize any losses. Bring on the meltdown.

Just so happens my company increased our RRSP match by 5% effective April 1 as well.

[ExtraSlow]

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Granted. You receive 26 paycheques from Jan 1 to Jan 26. Each for a days work.

[ercchry]

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You guys get bonuses? Fucking hell I just want to get 26 paycheques in a row.

Wtf kind of pleb employment do you have that pays bi-weekly?!

[msommers]

One that is x26 times better than mine

[ExtraSlow]

I had a job for four years that paid not at all. Thst one sounded quite prestigious.

[eblend]

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Or you could of just held and watched it go to $30 in a couple months.

But if I buy back at anything under $27.....do I not win? I can't get my head wrapped around this. If I decide to go all in at $22 right now and it goes to $30...that's a 36% increase. If I held on at price I bought at ($27) and it went to $30...that's an 11% increase. So isn't ANY purchase price under $27 a win?

[ExtraSlow]

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But if I buy back at anything under $27.....do I not win? I can't get my head wrapped around this. If I decide to go all in at $22 right now and it goes to $30...that's a 36% increase. If I held on at price I bought at ($27) and it went to $30...that's an 11% increase. So isn't ANY purchase price under $27 a win?

Don't try to math your way through an investing discussion here little boy.

[89coupe]

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But if I buy back at anything under $27.....do I not win? I can't get my head wrapped around this. If I decide to go all in at $22 right now and it goes to $30...that's a 36% increase. If I held on at price I bought at ($27) and it went to $30...that's an 11% increase. So isn't ANY purchase price under $27 a win?

Your original post didn’t state what you bought it at.

[Kg810]

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Your original post didn’t state what you bought it at.

He stated that he bought in at $27 last year and got out at cost.

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But if I buy back at anything under $27.....do I not win? I can't get my head wrapped around this. If I decide to go all in at $22 right now and it goes to $30...that's a 36% increase. If I held on at price I bought at ($27) and it went to $30...that's an 11% increase. So isn't ANY purchase price under $27 a win?

Depends on who you're talking to. If you're talking to the majority in this thread who live and breath by passive investing, they will tell you you broke the cardinal rule by getting out with the intent to re-enter, even if you can re-enter at a lower price. Their mentality is set it and forget it, anyone who doesn't do that, even if they benefit from doing so in certain circumstances, they lose.

I believe you did the right thing by understanding the weight of situation unfolding before us and adjusting your plan. There is nothing wrong with what you did.

[eblend]

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Your original post didn’t state what you bought it at.

Yes, I bought it at $27, and sold at $27, and did get the first Dividend out of it as well so I won a little actually. I bought high, I sold at my original cost, and plan to re-enter all in again at a lower price, same amount of investment. After this I will set it and forget it. As I have stated previously, I would not have sold if it was down past cost (and I have a bunch of other small plays in play ($50k spread across like 10 different stocks) that are WAY down and I don't indent on selling until they go green, if ever, why sell when it might recover someday).

Anyways, as Kg810 said, I could smell it, I got out, and intend to go back in and hopefully ride an upwave. Since I just started investing it would be nice to get off on the upswing instead of losing a bunch and then taking time to recover to the starting point.

[The_Rural_Juror]

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I had a job for four years that paid not at all. Thst one sounded quite prestigious.

Do not pay heed to the job shamers. Some of the best CEOs are paid $1.

[rx7boi]

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Yes, I bought it at $27, and sold at $27, and did get the first Dividend out of it as well so I won a little actually. I bought high, I sold at my original cost, and plan to re-enter all in again at a lower price, same amount of investment. After this I will set it and forget it. As I have stated previously, I would not have sold if it was down past cost (and I have a bunch of other small plays in play ($50k spread across like 10 different stocks) that are WAY down and I don't indent on selling until they go green, if ever, why sell when it might recover someday).

Anyways, as Kg810 said, I could smell it, I got out, and intend to go back in and hopefully ride an upwave. Since I just started investing it would be nice to get off on the upswing instead of losing a bunch and then taking time to recover to the starting point.

Brother, no one gave you shit but the whole point of passive investing is to take the guesswork out of trying to time the market and have the fortitude to hold out in both bear and bull markets.

Some months ago you didn't even know where you wanted to park your long term investing money and for all intent and purposes, it is long term money that you didn't see yourself touching for decades.

People will always pat themselves on the back as being genius for pulling out of the market or with minimal losses, but the real art here will be for you to demonstrate your savvy by having a plan in place during this downtrend and then calculating how much further ahead you'll be compared to if you just rode out your paper loss and continued to buy in with additional capital.

This isn't going to be the last bear market of your lifetime.

But anyway; just to be clear regardless of what your decisions are, I think it's important for everyone to find what works for them.

Some people want to trade their way to success, some want to purely invest passively, some have a bit of everything.

If anything, I have to applaud anyone that's motivated enough to have vision regarding financial plans so that's all that matters.

[89coupe]

Nikkei down another 8.5%

Tomorrow is going to get really ugly, keep buying haha

[msommers]

TIL smelling is the key to investing

[jwslam]

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TIL smelling is the key to investing

Guess I'll never win. These things ruined my sense of smell as a kid.

[Buster]

Markets up at open. Wtf