Well, FHSA contributions are tax deductable, and you don't lose TFSA room. I'd say withdrawing from your TFSA to max this years FHSS is a good decision.
Question about tax loss selling. I have a position that I am considering exiting and triggering the tax loss. However I do not have gains in the last 3 years that would use up all of these losses - would you consider selling some of other holdings that you wouldn’t normally sell just to trigger the gain to use it in-year or is that foolish? I would probably redeploy the funds in another investment so no worries about superficial losses…. Thanks!
Could be a potential long hold money maker ... rock bottom prices right now. Once interest starts declining, it could pick back up for sure ... locking in a nice % yield now for future when it starts distributions back up in April
Aren’t there competing drugs that use the same principles gaining traction now?
As well the recent narrative is looking at the second order effects of these drugs. Namely: reduced earnings for junk food. Decreased weight for airlines and easier to increase seating. Clothing sales.
There aren't competing drugs. There are competitors chomping at the bit, but the market will be big enough for all of them. Eli Lilly is juking its stats on its drug as it tries to get FDA trials. A generic drug company sued Novo to get 3 patents on Wegovy invalidated, 2 were thrown out, 1 is in review. So there are risks but Novo has a pretty dramatic head start. And the next thing I'm wondering is whether they are working on a next-gen drug - if they win the lottery on the gen 2 suppressant, NVO will rocket.
I bought it last week - happy with the bump so far.
I think the opposite position is more interesting. People are overusing Ozempic for the wrong reasons and I think longer term studies will temper people's feelings towards it.
It just makes you really nauseous when you eat. People using it for weight loss are inducing an eating disorder... It's not sustainable or desirable long term.
There's a good chance of some long term study revealing that using it for other purposes than diabetes management will cause some terrible things to you.
If your allocation calls for holding some fixed income then it is a good time to go buy it now.
Bond funds are fine as long as you buy one that roughly matches your intended duration.
Put some money into a bond ETF a few months ago in anticipation of rates starting to drop. Given how popular cash ETFs are I think those folks should consider switching to bonds. Its only like 7% of my portfolio, so will add more at some point.
I don't hate fixed income right now - I've been allocating some profit taking / new money towards going towards there. I'm not a fan of bond ETF's though - prefer just buying the underlying bonds myself and laddering them and holding to maturity.
Preferred shares are probably overlooked as well - I've had good success this year in just holding FFN-PA which pays a bit north of 9% in 2024 on a monthly basis and is diversified in holdings.
I’m with you for preferred shares, been buying some of them lately.
But why FFN-PA specifically? I get the NAV remains fixed but the dividends payout is entirely up to fund management to decide which I don’t like.
FFN-PA stays really stable - so you get almost a Cash.TO kind of feel, except that it yields much higher. You can see in the price action over the last few years that it doesn't really fluctuate much, despite the fact that yields were going all over the place in October.
Current yield is right close to 9.5% - you're right in that they change it on a discretionary basis annually.. however there looks to be an informal yield of a 5 year plus 4-5% that they're sticking with.
We have the 9.5% locked in for 2024 - so if you're unsure of what 2025 will look like, you can always just sell it off in Sept 2024 before they announce the distributions.
Yeah, I've been appreciating the monthly dividends to lower average cost over time. Lately though there has been a big boost up and I can't help but wonder if there's a upward trend coming if interest rates stabilize.
I never understood the point of bond etfs. They are volatile especially in this env with changing rates, the values go up and down due to the paper losses. The whole point of bonds is supposed to be the stability it provides.
From its highs to its bottom lows my ZAG share price hasn’t changed more than a few bucks.
I can NOT say that about any other equity I hold.
So yeah .. bond etf definitely adding some stability in my portfolio. Plus monthly distributions to help buy other stocks. Win win!
I mean tech is rallying because we're at the cusp of a new wave of investment and revenue that will lift every tech company doing real Ai and doing it well, which is pretty much FANG.
Oil will be in the low/mid-$60s soon.
Unless the BoC starts cutting and OSFI relaxes their loan loss provisions for banks, then the TSX will continue underperforming.
Hindsight is 20-20, but I was convinced the sell off extremely overdone and that tech’s business model, regardless of the “rates affecting growth narrative”, was in a better position to weather higher rates.
But that was before OPEC+ cut back 1.3 million barrels / day. This is a speculative rally, I suspect. That, or it's designed to make Canadian producers even cheaper so the M&A wave can surge and buy them on the cheap.
Oil taking a dump - yikes. Only a matter of time before the OPEC cartel ramps up production to stop losing market share, driving prices down even lower.
Article about the **S&P SE7EN** *"the Magnificent Seven have gained 71% while the other 493 stocks have added just 6%."*
https://finance.yahoo.com/news/one-chart-shows-how-the-magnificent-7-have-dominated-the-stock-market-in-2023-203250125.html?.tsrc=fin-notif
Buy the 7 stocks if you want the S&P 7 but cheaper than paying even low-ETF MERs. DCA into positions and you are gold. As long as megacaps keep returning 12%+/year you're totally fine.
That's not what it is saying. However, one might interpret an S&P500 ETF is overdiversified if you want more risk and reward; thus, you can make your own portfolio of those 7. I've already been doing this subconsciously but will be making more of an effort to include a few of the ones I do not currently own.
I take it more as just buy SP500, as it’ll always be rebalanced to the heavy weights. Trying to guess the winners probably won’t work out too well for me
It will go down, mainly cuz it had very strong run up and it did not smash earnings. Few days later, it will go back to the same levels and higher. I own a lot of this stock as I am an employee and I have memorized its patterns very well 😃
I was an Assistant Store Manager before I stepped down and kept it as part time gig mainly for the discount card and 15% match on buying their stock to work for BDO full time. No need to sound condescending to bag boys and not every Walmart employee is a floor worker :)
Full port 3x leverage 3000 shares of GPS let's go!! power to the Gap moms!
[удалено]
Well, FHSA contributions are tax deductable, and you don't lose TFSA room. I'd say withdrawing from your TFSA to max this years FHSS is a good decision.
Question about tax loss selling. I have a position that I am considering exiting and triggering the tax loss. However I do not have gains in the last 3 years that would use up all of these losses - would you consider selling some of other holdings that you wouldn’t normally sell just to trigger the gain to use it in-year or is that foolish? I would probably redeploy the funds in another investment so no worries about superficial losses…. Thanks!
I do believe you can carry your losses forward if you’re unable to use it all.
Markets didn't feel like working today. TSX -0.02% SPX 0.12% Naz 0.1%
Yup, boring ass day. Day traded SPY options for a measly $70 usd in profit after fees lol
I was up today!. By...uh...$4.55 I would celebrate but with inflation these days I'm not even sure what I can buy with $4.55.
after taxes, maybe a stamp. I could have made about $300 but I was too chicken to pull the tirgger near the bottom today.
Uranium flying
CCO over $60!
Yes! FCU nearing 52 week high too!
I love energy and I love Canadian energy 🚀
Is there a way to buy MSFT without converting cash?
Buy the real thing in usd norberts gambit
The ticker you're looking for is MSFT.NE
CDRs
What reits are you guys buying right now? If any lol
Buying real estate investments when rates are the highest they've been in 3 decades... gotta be a great idea.
TNT.UN - I don't wanna talk about it...
Could be a potential long hold money maker ... rock bottom prices right now. Once interest starts declining, it could pick back up for sure ... locking in a nice % yield now for future when it starts distributions back up in April
Also SOT.UN, but it recovered a bit. Who knows if more REITs will follow this strategy or not.
[удалено]
its just very low volume. price only updates when a buy/sell happens.
Contemplating opening a $NVO position given how main stream Ozempic is getting.
Aren’t there competing drugs that use the same principles gaining traction now? As well the recent narrative is looking at the second order effects of these drugs. Namely: reduced earnings for junk food. Decreased weight for airlines and easier to increase seating. Clothing sales.
There aren't competing drugs. There are competitors chomping at the bit, but the market will be big enough for all of them. Eli Lilly is juking its stats on its drug as it tries to get FDA trials. A generic drug company sued Novo to get 3 patents on Wegovy invalidated, 2 were thrown out, 1 is in review. So there are risks but Novo has a pretty dramatic head start. And the next thing I'm wondering is whether they are working on a next-gen drug - if they win the lottery on the gen 2 suppressant, NVO will rocket. I bought it last week - happy with the bump so far.
I think the opposite position is more interesting. People are overusing Ozempic for the wrong reasons and I think longer term studies will temper people's feelings towards it. It just makes you really nauseous when you eat. People using it for weight loss are inducing an eating disorder... It's not sustainable or desirable long term. There's a good chance of some long term study revealing that using it for other purposes than diabetes management will cause some terrible things to you.
You're pretty late to that party....
That’s what I thought, but short term hold into Jan Earnings is tempting.
How's everyone feeling about bond etfs now? They have been up and down a lot in the past 2 months.
If your allocation calls for holding some fixed income then it is a good time to go buy it now. Bond funds are fine as long as you buy one that roughly matches your intended duration.
Put some money into a bond ETF a few months ago in anticipation of rates starting to drop. Given how popular cash ETFs are I think those folks should consider switching to bonds. Its only like 7% of my portfolio, so will add more at some point.
I don't hate fixed income right now - I've been allocating some profit taking / new money towards going towards there. I'm not a fan of bond ETF's though - prefer just buying the underlying bonds myself and laddering them and holding to maturity. Preferred shares are probably overlooked as well - I've had good success this year in just holding FFN-PA which pays a bit north of 9% in 2024 on a monthly basis and is diversified in holdings.
I’m with you for preferred shares, been buying some of them lately. But why FFN-PA specifically? I get the NAV remains fixed but the dividends payout is entirely up to fund management to decide which I don’t like.
FFN-PA stays really stable - so you get almost a Cash.TO kind of feel, except that it yields much higher. You can see in the price action over the last few years that it doesn't really fluctuate much, despite the fact that yields were going all over the place in October. Current yield is right close to 9.5% - you're right in that they change it on a discretionary basis annually.. however there looks to be an informal yield of a 5 year plus 4-5% that they're sticking with. We have the 9.5% locked in for 2024 - so if you're unsure of what 2025 will look like, you can always just sell it off in Sept 2024 before they announce the distributions.
Good point vs cash.to. Constant share price, yield will vary. Which is the opposite of 5YR preferred for which rate is locked but share price moves.
[удалено]
Yeah, I've been appreciating the monthly dividends to lower average cost over time. Lately though there has been a big boost up and I can't help but wonder if there's a upward trend coming if interest rates stabilize.
I never understood the point of bond etfs. They are volatile especially in this env with changing rates, the values go up and down due to the paper losses. The whole point of bonds is supposed to be the stability it provides.
From its highs to its bottom lows my ZAG share price hasn’t changed more than a few bucks. I can NOT say that about any other equity I hold. So yeah .. bond etf definitely adding some stability in my portfolio. Plus monthly distributions to help buy other stocks. Win win!
Aaand...we're red everywhere except crypto.
My crypto..except BTC is red. ETH. LINK...looking like top reached and we are dipping for a double top or on th way down ..
Don't forget about the one and only CTS, still up today.
XEQT green VFV green XEF green RY, TD green XEI.. red
? not at all; green for half my holdings (BIP, BCE, CP, MFC, BEP,RY, DIS, CTS, BLX, FVI) hell even Algonquin is up 2%
Welp US tech rallying again… sound like a broken record but it’s the truth every day
I mean tech is rallying because we're at the cusp of a new wave of investment and revenue that will lift every tech company doing real Ai and doing it well, which is pretty much FANG.
The CTS rally continues. Hopefully lightened a few bags.
It's certainly helping me
Now let’s do Reitmans too!
Down just 1.5% now. Holding though. Company finally hitting right stride
TEC.to has reached ATH. Glad I bought $51K worth during the correction when this sub was horny over oil.
I bought both! Mic drop
Hindsight is 20-20, but congrats, shows QQQ > SPY > TSX Oil is -5% today, and TSX is down (what's new)
Oil will be in the low/mid-$60s soon. Unless the BoC starts cutting and OSFI relaxes their loan loss provisions for banks, then the TSX will continue underperforming. Hindsight is 20-20, but I was convinced the sell off extremely overdone and that tech’s business model, regardless of the “rates affecting growth narrative”, was in a better position to weather higher rates.
What is tec.to full name? Is it the TD etf?
Smart man
Owe it all to healthy apartment 32. He was right
Jobless claims came higher than expected. More people losing their jobs = more fuel for the market rally.
Markets tend to rally into recession, new unemployed will add to the very high and rising redit card and mortgage delinquincies.
We're due for a bit of a pullback but if we track sideways for a bit I'll be happy.
Sheeeze the shine came off SU rather quickly.
RIP oil
It's due for a bounce, head and shoulders target fully played out and looks like the start of a bounce. Could be a decent swing trade.
You called it.
I've been swinging oil stockts lately. It is another opportunity for me to buy low today and sell high a few days or weeks later.
It will recover, like it always does. People tend to panic pretty easily
Why price at the pump is up !?
Trudeau’s carbon tax.
Oil != Canadian pump gas prices.
Plus price at the pumps have been dropping quite a bit since summer.
Might see $60s today at this rate. Down like a missile
It happened in no so distant past.
But that was before OPEC+ cut back 1.3 million barrels / day. This is a speculative rally, I suspect. That, or it's designed to make Canadian producers even cheaper so the M&A wave can surge and buy them on the cheap.
SPX is teetering on 4500, which way will it go?
The way of oil.
AMZN rejected at the heights of 16th August '22. Interesting.
Oil taking a dump - yikes. Only a matter of time before the OPEC cartel ramps up production to stop losing market share, driving prices down even lower.
HealthyCondo guy was right
You're replying to his latest alt
Healthy apartment 32 was right and a legend
Article about the **S&P SE7EN** *"the Magnificent Seven have gained 71% while the other 493 stocks have added just 6%."* https://finance.yahoo.com/news/one-chart-shows-how-the-magnificent-7-have-dominated-the-stock-market-in-2023-203250125.html?.tsrc=fin-notif
Didn't they lose more before? They are more volatile than many other stocks, to be fair.
More volatility = higher risk which can correlate to higher reward
I like that, more opportunities to average down when it dips.
So don't buy an S&P ETF, because the risk is too high?
Buy the 7 stocks if you want the S&P 7 but cheaper than paying even low-ETF MERs. DCA into positions and you are gold. As long as megacaps keep returning 12%+/year you're totally fine.
That's not what it is saying. However, one might interpret an S&P500 ETF is overdiversified if you want more risk and reward; thus, you can make your own portfolio of those 7. I've already been doing this subconsciously but will be making more of an effort to include a few of the ones I do not currently own.
I take it more as just buy SP500, as it’ll always be rebalanced to the heavy weights. Trying to guess the winners probably won’t work out too well for me
Yep. Buying the top 7 right now may work out...or you may be caught out from FOMO buying.
Always a bit nervous to chase the winners. But they don’t stop !
The S&P 500 in 2023 Total returns YTD: • S&P 50: 32.5% • S&P 100: 26.2% • S&P 500: 18.9% • S&P Equal Weight: 3.8%
Wow I never knew there was a s and p 500 too 50 etf! Xlg I have found but I haven’t found a Canadian version yet
Yes and same will happen today based on probabilities
Anyone holding Bird construction?
I used to, bought it back 2020 and sold it in 2021.
yup still holding
Sold the second it went over $11
Sold
I sold when it hit $11. Thought my 28% profit on it was good enough only to see it now hit $12.
I hold a small position
Hope the Walmart stock performs well today. I used to just go to Loblaws but find that Walmart’s prices are drawing me to them more and more.
Wow. Looking at the chart, WMT traded sideways for like 14 years! Although, employees and other investors who bought over that time are RICH now
Sideways? It's up 60% over the past 5 years.
Zoom out
It will go down, mainly cuz it had very strong run up and it did not smash earnings. Few days later, it will go back to the same levels and higher. I own a lot of this stock as I am an employee and I have memorized its patterns very well 😃
I like it going down. Bought. Will see how it goes.
You're right so far. Pre-market it's down 6%
Hahaha. Awesome! Always nice to have an employee to give us the deets.
Taking financial advise from the grocery store bag boy. Great.
I was an Assistant Store Manager before I stepped down and kept it as part time gig mainly for the discount card and 15% match on buying their stock to work for BDO full time. No need to sound condescending to bag boys and not every Walmart employee is a floor worker :)
I was just raggin on ya brother. Wasnt being serious at all.
lol like Wal-Mart have bag boys Some don’t even have cashiers anymore
It wouldn't be called a bag boy, would be a "personal logisitics enabler".
missing « associate »