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  #1711  
Old 11-10-2021, 11:13 AM
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Well, Rivn is up 48.6% in the first "hour". How high will it go....
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  #1712  
Old 11-10-2021, 11:19 AM
fishtank fishtank is online now
 
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dont chased, it will come back down.
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  #1713  
Old 11-14-2021, 10:33 AM
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This is U.S. date, Cnada is even worse. Transitory my ass. The lying, bobbing heads just keep digging the hole deeper. Kill of Canada's main economic engines, pump out money and drive even well off Canadians into the poor house, imagine what this is doing to the poor, or those on fixed incomes, who were just making it before all this stupidity that uses Covid as the excuse.

If we have a cold winter in Europe we could see Nat gas at ten bucks, and I would not be surprised to see oil hit 100 over the winter. That will drive even more inflation, as will increasing carbon taxes and world wide shortages of electricity etc for heating.

1) The Inflationary Spiral
At 6.2%, the US inflation rate is now at its highest level in over 30 yearsÖ



Powered by YCharts
Hereís a breakdown of price increases in the latest CPI report:
ē Gasoline: +49.6%
ē Gas Utilities: +28.1%
ē Used Cars: +26.4%
ē Meats/Fish/Poultry/Eggs: +11.9%
ē New Cars: +9.8%
ē Electricity: +6.5%
ē Overall CPI: +6.2%
ē Food at home: +5.4%
ē Food away from home: +5.3%
ē Transportation: +4.5%
ē Apparel: +4.3%
ē Shelter: +3.5%

2) Deeper in Debt
Undeterred by rising inflation, the Federal Government continues to spend money like a drunken sailor.
Where is the money coming from?
Theyíre borrowing it.
The US National Debt has once again hit the ďdebt ceiling limitĒ ($28.9 trillion) and the deficit for the latest fiscal year of $2.772 trillion was the second largest in the nationís history, trailing only 2020.

Last edited by Dean2; 11-14-2021 at 10:39 AM.
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  #1714  
Old 11-14-2021, 11:22 AM
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This^^^
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  #1715  
Old 11-14-2021, 04:03 PM
fishtank fishtank is online now
 
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The $ printing continues, they can't afford to stop QE .
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  #1716  
Old 11-14-2021, 09:13 PM
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If you want to be really shocked check out fertilizer prices. Food inflation is just starting. Food shortages in parts of the world are coming. Lots of other things to think about. ESG and the greens are causing an energy crisis. Powell is going to get the boot from Bidden and we are getting Brainard most likely. A MMT type of FED chair. The US are pulling from the strategic petroleum reserves during a seasonally weak period?? Trying to lower oil prices. OPEC spare capacity is a big ? mark. Russia is holding Europe hostage over nat gas as well pushing towards a conflict in the Ukraine. China warning over Taiwan and Xi is now president for life. And covid continues indefinitely.

So what to do? Rates are going up and long duration assets are going down and the rotation out is just starting to get going. These sectors and markets are expensive and are going to get a severe beating when we see rates really move imo.
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  #1717  
Old 11-15-2021, 06:38 AM
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Our Fall fertilizer cost with application went up 50%. The company said it will be even higher in the Spring. Higher natural gas prices and some plant shutdowns were the excuse but I think they just want to get a chunk of the high grain prices.

As stated above buckle up for some major hikes in food prices!!
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  #1718  
Old 11-18-2021, 06:22 AM
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Biden is trying to orchestrate a coordinated release of oil reserves on the market. Lets see how this goes over with OPEC et al. A desperate attempt to lower prices that is going to backfire imo and a clear signal that the US/Biden Admin is loosing control of the inflation narrative. We have a structural problem with supply that is not transitory.

https://www.theglobeandmail.com/busi...serve-release/

https://www.aljazeera.com/economy/20...serves-sources
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  #1719  
Old 11-18-2021, 09:52 AM
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I follow this thread closely, so I thought I would ask for suggestions

I am trying to compare stock brokers, and Iíd like your input

My intention is to transfer from mutual funds and self manage my investments.

I will be buying and holding mostly divided stocks and etf and want them to drip. Mostly they are on nyse. I probably will buy around 10-20 stocks through the year.
Iím comparing all Canadian institutions that have an application for iPhone, mostly just to be able to review my portfolio.

I am comparing but not limited to
TD , CIBC , RBC all have 7-9$ fee

Qtrade , Questrade , Interactive Brokers are almost free

Since Iím not doing very many transactions I donít think Iím too concerned about the 7-8$ transactions fee
What institution has a good stock value / rating platform
Any input is welcome
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  #1720  
Old 11-18-2021, 10:06 AM
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Quote:
Originally Posted by doublehaul View Post
Interactive Brokers are almost free
Almost free only if you actively trade. Otherwise, you will pay some monthly fee ($20 US, if I recall correctly; I think there is another $20 if your balance is belowÖ $2K, I think; I havenít paid them in a long while, so you better read up on those fees to know for sure). Commission for every trade you make goes toward that monthly fee, so at the end of the month you pay the difference, if any. It makes sense if you makes 3+ trades per month (given your balance is above that $2K or whatever that amount is).

IB also gives you an ability to trade options, bonds, forex, international exchanges, etc, if that is your thing. You also convert currency by buying it straight on the market (there is commissions, of course, like on all other trades), avoiding bank rates and whatnot.

There is also WealthSimple (I think that is what is called), which very simplistic, but the cheapest of all.
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  #1721  
Old 11-18-2021, 10:11 AM
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I use RBC. TD also has an excellent platform and it is my secondary. Had Q-Trade, got rid of it, have not tried the others on your list. The fee of 9 bucks per trade is reasonable, goes into your cost and recovery totals. It is vthe only fees I pay on either.
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  #1722  
Old 11-18-2021, 11:08 AM
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Inflation rate in Canada 4.7% for October 2021, year-over-year.

MSM is blaming supply chain problems for this. Not a single word about the real reason, printing money out of thin air by our Glorious Dear Leader in the federal government.

CBC comments section has people blaming climate change, BC washouts, logistics, and - wait for it! - Stephen Harper. No one has blamed the other other other real reason, Saturn rising over Venus being bad, but I'm sure that's coming too.
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  #1723  
Old 11-18-2021, 11:16 AM
tranq78 tranq78 is online now
 
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Quote:
Originally Posted by doublehaul View Post
I follow this thread closely, so I thought I would ask for suggestions

I am trying to compare stock brokers, and Iíd like your input

My intention is to transfer from mutual funds and self manage my investments.

I will be buying and holding mostly divided stocks and etf and want them to drip. Mostly they are on nyse. I probably will buy around 10-20 stocks through the year.
Iím comparing all Canadian institutions that have an application for iPhone, mostly just to be able to review my portfolio.

I am comparing but not limited to
TD , CIBC , RBC all have 7-9$ fee

Qtrade , Questrade , Interactive Brokers are almost free

Since Iím not doing very many transactions I donít think Iím too concerned about the 7-8$ transactions fee
What institution has a good stock value / rating platform
Any input is welcome
Answering to the bolded section above. You need to ask each broker one very specific question. "Do you have a drip program and do you offer synthetic drips?"

Some stocks have a drip program you can enroll in. Many don't but the broker may provide their own program where they will do it for you anyway at no extra cost -- it's called a synthetic drip.

You will find a broker with a syn-drip to be way better for your wallet than going with the one with lowest commissions.

Suggest you give the broker a list of names you are interested in and having them tell you if a drip/syn-drip is available, so you will know for sure.

Finally, make sure you absolutely know what you are doing. I may play a lawyer on TV but I don't do my own legal stuff. Sometimes paying for a decent adviser will be better for you in the long run. Suggest you talk to friends/family and interview the advisers they use.

Last edited by tranq78; 11-18-2021 at 11:22 AM.
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  #1724  
Old 11-18-2021, 12:58 PM
fishtank fishtank is online now
 
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i use TD the fee are like $9. iam used to their platform and i can call and talk to real person with any questions .
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  #1725  
Old 11-18-2021, 01:17 PM
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I also use T.D.. Happy with them so far.
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  #1726  
Old 11-20-2021, 03:22 PM
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Lightbulb Masters and Slaves of Money

not pushing bitcoins, but its a good documentary .

https://www.youtube.com/watch?v=XTnMQXgZRJw&t=60s
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  #1727  
Old 11-22-2021, 06:28 AM
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So for those of you that wonder why I don't recommend the current high flying stocks, have a look at this list of some of last years high flyers.

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  #1728  
Old 11-23-2021, 07:53 PM
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^^^^ Thanks Dean! Just so boring & easy to buy quality companies with very good returns. Maybe a couple % of your overall to chase flyers,
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  #1729  
Old 11-25-2021, 09:28 PM
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Dow future is down 450 on fears of new variant in South Africa .... if itís confirmed itís going to be a red Christmas.
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  #1730  
Old 11-25-2021, 10:48 PM
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Quote:
Originally Posted by fishtank View Post
Dow future is down 450 on fears of new variant in South Africa .... if itís confirmed itís going to be a red Christmas.
I wonder if itís gonna be a big nothing burger. Europe is already looking at lockdowns. If the fatality rate goes from the current next to nothing to something more significant, that might change my mind. I think covid is almost in the rear view mirror otherwise. An opportunity maybe if we get a good freakout.
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  #1731  
Old 11-26-2021, 01:13 AM
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Quote:
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Dow future is down 450 on fears of new variant in South Africa .... if itís confirmed itís going to be a red Christmas.
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  #1732  
Old 11-26-2021, 09:08 AM
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Good day to buy AC with the Covid variant found in South Africa
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  #1733  
Old 11-26-2021, 09:14 AM
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Originally Posted by flydude View Post
Good day to buy AC with the Covid variant found in South Africa
There is no good day to buy Air Canada. Any company that is Quebec based is already heavily suspect, and having gone bankrupt twice, screwing stock holders, creditors and tax payers, I would never buy them. Leopards don't change their spots and Airlines are among the worst managed companies in the world.

If you want to have a look at a stock that is on fire sale over their argument with Amazon, have a look at Visa. Over 20% off it's recent highs. I have been buying a bunch of it at 194-196. FRU- Freehold Royalties is off 10% this morning, another worth a look. Today's pull back in the Canadian Banks is another opportunity given the upcoming earnings releases will be very strong and they will all announce increased dividends, share buy backs etc. (Except Laurentian Bank, worst run bank in Canada for decades and another Quebec based company.)

Before anyone calls me anti French, here is just a short list of the most recent Quebec based failures or embarrassments; SNC Lavalin, Bombardier, Nortel, Le Chateau, Aldo, David's Tea, Cirque de Soliel, Air Canada (Banko twice), Laurentian Bank, Noranda etc

Last edited by Dean2; 11-26-2021 at 09:29 AM.
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  #1734  
Old 11-26-2021, 09:57 AM
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Quote:
Originally Posted by Dean2 View Post
There is no good day to buy Air Canada. Any company that is Quebec based is already heavily suspect, and having gone bankrupt twice, screwing stock holders, creditors and tax payers, I would never buy them. Leopards don't change their spots and Airlines are among the worst managed companies in the world.

If you want to have a look at a stock that is on fire sale over their argument with Amazon, have a look at Visa. Over 20% off it's recent highs. I have been buying a bunch of it at 194-196. FRU- Freehold Royalties is off 10% this morning, another worth a look. Today's pull back in the Canadian Banks is another opportunity given the upcoming earnings releases will be very strong and they will all announce increased dividends, share buy backs etc. (Except Laurentian Bank, worst run bank in Canada for decades and another Quebec based company.)

Before anyone calls me anti French, here is just a short list of the most recent Quebec based failures or embarrassments; SNC Lavalin, Bombardier, Nortel, Le Chateau, Aldo, David's Tea, Cirque de Soliel, Air Canada (Banko twice), Laurentian Bank, Noranda etc
Totally agree, it was a joke, calm down.
I just pulled out of TD short of $96 and Fru at mid $12. Don't like the sound of this new variant. I made the right moves back in Feb 2020 when I pulled every dime. I have a eerily similar feeling today. Monday may come as a shocker, we'll see... Sometimes you just have to go with your gut feeling.
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  #1735  
Old 11-26-2021, 10:11 AM
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Quote:
Originally Posted by Dean2 View Post

Before anyone calls me anti French, here is just a short list of the most recent Quebec based failures or embarrassments; SNC Lavalin, Bombardier, Nortel, Le Chateau, Aldo, David's Tea, Cirque de Soliel, Air Canada (Banko twice), Laurentian Bank, Noranda etc
I do everything I can to avoid doing business with or supporting companies from Quebec. I'll never own a Can-Am atv for that reason. I avoid Ontario as much as possible too. West is Best.
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  #1736  
Old 11-26-2021, 12:05 PM
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Quote:
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Totally agree, it was a joke, calm down.
I just pulled out of TD short of $96 and Fru at mid $12. Don't like the sound of this new variant. I made the right moves back in Feb 2020 when I pulled every dime. I have a eerily similar feeling today. Monday may come as a shocker, we'll see... Sometimes you just have to go with your gut feeling.
Are you trading in a TFSA? Just wondering what the capital gains hit is like pulling everything like that, and trying to time markets? Not wanting to pry into your personal financials, but I am curious how you play that to avoid excessive tax exposure.

I had an entirely different strategy in Feb of 2020. I did nothing. My portfolio valuation took a massive hit. And I didnt lose any sleep. And 20 months later it was considerably higher then pre Feb 2020. If there is another dump Monday, I'm going to do precisely nothing again. Long term investing in well managed companies has always been my conservative position. As long as you have the time, it is on your side. I don't have the nerves to be jumping in and out.
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Last edited by Twisted Canuck; 11-26-2021 at 12:11 PM.
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  #1737  
Old 11-26-2021, 12:40 PM
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Are you trading in a TFSA?
Yes and SDRSP
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  #1738  
Old 11-26-2021, 02:25 PM
doublehaul doublehaul is online now
 
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There are many negative numbers today, and reason for it?
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  #1739  
Old 11-26-2021, 02:32 PM
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Yes and SDRSP
I figured that was probably the case. It's a good way to do it.

Quote:
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There are many negative numbers today, and reason for it?
Yes, apparently it is 'fear of new covid variant' from South Africa. If you believe that. Coupled with lockdown in Europe and Australia, and whoever else wants to get onboard the Crazy Train. You can just about hear world governments warming up the money printing presses.
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  #1740  
Old 11-27-2021, 08:35 AM
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Inflation being where it is, one would think they were terrified of printing any more money. Even if this or some other variant shows up, I think the CERB teat is now dry.




Quote:
Originally Posted by Twisted Canuck View Post
I figured that was probably the case. It's a good way to do it.



Yes, apparently it is 'fear of new covid variant' from South Africa. If you believe that. Coupled with lockdown in Europe and Australia, and whoever else wants to get onboard the Crazy Train. You can just about hear world governments warming up the money printing presses.
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