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03-04-2020, 07:41 PM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by 1stLand
you got it.
the amount of equity people have in their homes today (the 50 and under crowd) is pretty insignificant. Too much debt. It's unsustainable.
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All that debt is going to make this exponentially worse as many have next to no buffer as things move forward. Probably a lot of layoffs coming in the food and beverage, airlines, cruises as well as the tourism sector.
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03-04-2020, 08:13 PM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,789
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Quote:
Originally Posted by 1stLand
you got it.
the amount of equity people have in their homes today (the 50 and under crowd) is pretty insignificant. Too much debt. It's unsustainable.
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The amount of debt that people incur these days is beyond me. How do people get themselves in this situation? Is it just living above their means?
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When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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03-04-2020, 08:30 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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Feeling like a Yo-Yo but my investments are up today.
D.
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 Z-z
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03-04-2020, 08:34 PM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,789
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Quote:
Originally Posted by Zip-in-Z
Feeling like a Yo-Yo but my investments are up today.
D.
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Mine as well, hopefully the recovery continues. Had a nice increase in some of my insurance stocks today, will probably unload them tomorrow if this continues.
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When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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03-04-2020, 08:47 PM
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Join Date: May 2007
Location: South West Alberta
Posts: 858
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Not selling anything. There will be lots of buying opportunity for awhile to average down on some of the past proven performing companies.
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03-04-2020, 08:49 PM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,789
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Quote:
Originally Posted by 59whiskers
Not selling anything. There will be lots of buying opportunity for awhile to average down on some of the past proven performing companies.
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Agreed. Air Canada is one that will come back like a rock star.
__________________
When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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03-04-2020, 08:55 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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I'm thinking of selling enough to buy a new Buick Avenir SUV, the dealerships have lots of inventory and no buyers, should be some hot deals if this market continues to decline.
D.
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Z-z
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03-04-2020, 09:30 PM
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Join Date: May 2007
Location: South West Alberta
Posts: 858
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My last four years have been spent on diversification of investments outside of this socialist Canadian government economy. Will only invest in Canadian companies that have additional assets outside of Canada while trying not to buy into any foreign company's that have a high foreign with holding tax. It will be a tough lesson for lots of people that have not lived with in their means going forward. Did not forget what happened in Western Canada 40 years ago.
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03-05-2020, 06:56 AM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Futures down a good 500 pts. I see a lot of the gains yesterday being given back.
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Wherever you go, there you are
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03-05-2020, 08:07 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 46,534
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Quote:
Originally Posted by Justfishin73
Futures down a good 500 pts. I see a lot of the gains yesterday being given back.
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The analysts are predicting the DOW to drop 700 today. The roller coaster continues.
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Only accurate guns are interesting.
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03-05-2020, 08:27 AM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by elkhunter11
The analysts are predicting the DOW to drop 700 today. The roller coaster continues.
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I would not be surprised to see some days ahead with 2000+ point moves in the Dow.
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-05-2020, 09:24 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,920
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Quote:
Originally Posted by 59whiskers
Not selling anything. There will be lots of buying opportunity for awhile to average down on some of the past proven performing companies.
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Focus n discipline is the long term strategy. Don’t wonder off to unknown territory and get too greedy .lots of good long term (3-5 year) holds with a good dividend will be on sale
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03-05-2020, 09:33 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by elkhunter11
The analysts are predicting the DOW to drop 700 today. The roller coaster continues.
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Don't worry it will start settling down once they have Covid 19 under control 
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03-05-2020, 09:45 AM
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Join Date: Apr 2008
Location: East of the big smoke
Posts: 1,497
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You guys have bigger balls, and understand the market better than me. I simply saw a economic hazard coming, that in no way could i perfect a gain, And possibility of huge losses. So i pulled everything 2 weeks ago. Right or wrong, has yet to be seen. But my stress level is low, that's worth its weight in gold.
Brad
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03-05-2020, 09:56 AM
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Join Date: Dec 2008
Location: At the lake
Posts: 2,614
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Quote:
Originally Posted by bsmitty27
You guys have bigger balls, and understand the market better than me. I simply saw a economic hazard coming, that in no way could i perfect a gain, And possibility of huge losses. So i pulled everything 2 weeks ago. Right or wrong, has yet to be seen. But my stress level is low, that's worth its weight in gold.
Brad
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History will probably be kind to you..... 
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03-05-2020, 10:01 AM
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Join Date: Feb 2019
Posts: 640
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Quote:
Originally Posted by fishtank
Focus n discipline is the long term strategy. Don’t wonder off to unknown territory and get too greedy .lots of good long term (3-5 year) holds with a good dividend will be on sale
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Do you have any examples of these good long term companies with good dividends? wink wink.
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03-05-2020, 03:32 PM
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Join Date: Jun 2011
Posts: 3,722
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Well that's day six of a 3+ percent point move in the SP500 since the market top. We are batting .500 now. Are we enjoying the ride yet?
VIX SP log ret
14.38 0.47%
15.56 -0.38%
17.08 -1.06%
25.03 -3.41%
27.85 -3.07%
27.56 -0.38%
39.16 -4.52%
40.11 -0.83%
33.42 4.50%
36.82 -2.85%
31.99 4.13%
39.58 -3.45%
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There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-05-2020, 03:36 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,920
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Quote:
Originally Posted by CDNOutdoorsman
Do you have any examples of these good long term companies with good dividends? wink wink.
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how long you planning to hold it for ??
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03-05-2020, 03:38 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,834
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Quote:
Originally Posted by bdub
Well that's day six of a 3+ percent point move in the SP500 since the market top. We are batting .500 now. Are we enjoying the ride yet?
VIX SP log ret
14.38 0.47%
15.56 -0.38%
17.08 -1.06%
25.03 -3.41%
27.85 -3.07%
27.56 -0.38%
39.16 -4.52%
40.11 -0.83%
33.42 4.50%
36.82 -2.85%
31.99 4.13%
39.58 -3.45%
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So far I would have to say I am. All in, as long as you didn't own airlines, Cruise, travel related type stocks going into this there is some good money to be made. Net, most quality portfolios are still up from where they were in Oct 2019. I am not normally a day trader but given the current volatility there is some very easy money to be made buying and selling short term. When you can pickup 10-15% in a day, which is a rate of return many would be ecstatic with for a full 12 months, how bad can that be. When it settles out there are also some GREAT deals on top notch Blue Chip high Dividend stocks. It is all a matter of perspective.
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03-05-2020, 03:44 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Be a while yet before I even think of doing anything. Was at bank at lunch moving some money around--bank--"you should invest that money, we can help you"
UM, hell, no
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Wherever you go, there you are
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03-05-2020, 03:55 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,920
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Quote:
Originally Posted by Justfishin73
Be a while yet before I even think of doing anything. Was at bank at lunch moving some money around--bank--"you should invest that money, we can help you"
UM, hell, no |
everytime they try to sell me investment products( gic , mutual ) at the bank, i tell them iam saving up for a share of birkshire hardaway .. 
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03-05-2020, 04:20 PM
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Join Date: Jun 2011
Posts: 3,722
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Quote:
Originally Posted by Dean2
When it settles out there are also some GREAT deals on top notch Blue Chip high Dividend stocks. It is all a matter of perspective.
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Yes there sure will be some bargains if this thing continues to go the way I think it may.
The following info isn't directed at you Dean, just random info for perspective.
The math of large losses makes coming back from them increasingly difficult to recover from the further down you go. A 10% loss requires a gain of 11% to get back to even. -30% requires 43%, -50% requires 100%, -60% requires a 150% gain to get back to even.
This is the one point against the long only, buy and hold through thick and thin, 100% stock portfolio that makes me cringe when I think about it.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-05-2020, 04:32 PM
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Suspended User
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Join Date: Apr 2009
Posts: 711
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MMMMmmmmm....Volatility
Volatility....an option trader's dream.
Sell premium, hedged with a pair trade or a long position, and watch the money roll in.
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03-05-2020, 04:49 PM
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Join Date: Feb 2019
Posts: 640
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Quote:
Originally Posted by fishtank
how long you planning to hold it for ??
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I'm game for anything. Hope to retire in 8ish years...
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03-05-2020, 04:54 PM
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Join Date: Dec 2008
Location: Alberta
Posts: 24,067
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Quote:
Originally Posted by fishtank
everytime they try to sell me investment products( gic , mutual ) at the bank, i tell them iam saving up for a share of birkshire hardaway .. |
I went to the bank a few days ago to withdraw some cash, the new teller had to know what I was doing with it. I told her I was buying guns. Shut her right up.
__________________
Only dead fish go with the flow. The rest use their brains in life.
Originally Posted by Twisted Canuck
I wasn't thinking far enough ahead for an outcome, I was ranting. By definition, a rant doesn't imply much forethought..... 
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03-05-2020, 04:58 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,748
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Quote:
Originally Posted by Ken07AOVette
I went to the bank a few days ago to withdraw some cash, the new teller had to know what I was doing with it. I told her I was buying guns. Shut her right up.
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Should have told her you were going to Thailand to buy some children. And video record her reaction.
Kinda off topic though. 
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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03-05-2020, 05:43 PM
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Join Date: Aug 2016
Posts: 1,058
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Quote:
Originally Posted by bdub
Yes there sure will be some bargains if this thing continues to go the way I think it may.
The following info isn't directed at you Dean, just random info for perspective.
The math of large losses makes coming back from them increasingly difficult to recover from the further down you go. A 10% loss requires a gain of 11% to get back to even. -30% requires 43%, -50% requires 100%, -60% requires a 150% gain to get back to even.
This is the one point against the long only, buy and hold through thick and thin, 100% stock portfolio that makes me cringe when I think about it.
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Beware of bubbles. This headline is from 2017. In 2020 it’s still in the low 20s and it’s now 4 decades after the big peak. Imagine the 60 something guy with 100% equities retiring around 1980 thinking that buy and hold works on all markets. Dividends would have been critical.
Nikkei 225: The Japanese stock market's 20-year high is still around 50% below its 1989 peak — Quartz
https://qz.com/1103091/nikkei-225-th...its-1989-peak/
Warren Buffett once pointed out the 17 year period in the 1960s and 70s where the index (price weighted not TR) closed in the 1970s at basically the same level as it was 17 years before in the early 1960s. Buy and holders that look to the index as a measure of their own portfolio performance need to be able to ride out long stretches of seemingly poor years. They should view them as opportunities to add to their portfolio but if they are forced to sell to live, selling low is a major problem.
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03-05-2020, 06:21 PM
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Join Date: Jan 2013
Location: Sylvan Lake/South Calif.
Posts: 3,465
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Yo-Yo hit the ground again today, Fridays are normally worst, look out.
D.
__________________
Z-z
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03-05-2020, 07:42 PM
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Join Date: Jun 2011
Posts: 3,722
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Ray Dalio put this out a couple days ago. Those selling protection could get killed he's thinking.
https://heisenbergreport.com/2020/03...ce-against-it/
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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03-05-2020, 07:50 PM
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Join Date: Oct 2016
Location: Edmonton area
Posts: 1,469
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Quote:
Originally Posted by Zip-in-Z
Yo-Yo hit the ground again today, Fridays are normally worst, look out.
D.
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Wait till the end of the month, which is also the end of the quarter......
Dow tracking Nikkei, which is down big, should be a bloodbath tomorrow
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Wherever you go, there you are
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