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Terex posted:Luck. Props for the self awareness, guy. Pretty rare trait.
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Aug 25, 2015 05:51
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lolling at having 100k in the bank instead of in index funds.
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Aug 25, 2015 05:57
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Having a lot of cash in hand right now is kind of a good idea.
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Aug 25, 2015 05:59
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Cultural Imperial posted:Having a lot of cash in hand right now is kind of a good idea. yeah so you can somehow time the market and know when it's hit the real bottom.
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Aug 25, 2015 06:02
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Cultural Imperial posted:Having a lot of cash in hand right now is kind of a good idea. Good enough for a large majority of businesses good enough for me.
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Aug 25, 2015 06:02
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Raenir Salazar posted:How do people have money to invest, I only have 900$ in the bank, 5k in debt for spending money stupidly I didn't have and probably 8k more in debt when I graduate and I still haven't managed to begin my career yet. 
Guest2553 fucked around with this message at 16:39 on Nov 12, 2018 |
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Aug 25, 2015 06:42
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etalian posted:yeah so you can somehow time the market and know when it's hit the real bottom. Basically only the rich or at least fairly well off have a decent chance of pulling it off. edit:\/\/\/\/\/\/You don't have to predict the future either to recognize that maybe stocks or housing are in a boom/bubble and you should get out while you can. The problem with that is of course you need a strong self control to manage your money like that and few can pull it off. Especially during a bubble when everyone wants to jump on the bandwagon. PC LOAD LETTER fucked around with this message at 08:52 on Aug 25, 2015 |
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Aug 25, 2015 06:47
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Waiting is a bad strategy as is dollar cost averaging. Since he couldn't predict the future, it was, rationally, a mistake to not have invested that money already etc.
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Aug 25, 2015 08:45
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PC LOAD LETTER posted:So perfect timing is impossible but buying after there have been some large declines and then holding for a while, possibly a long while, until prices go back up and then selling isn't a bad move financially speaking. This is admittedly still a pretty hard thing to do if for no other reason that you have to have a still fairly large amount of cash on hand to buy the stocks and then wait out any possibly worse declines and then wait for prices to rebound. It doesn't really work that way. Money sitting in cash is losing out period. If you think you know what the market will do you go long or you go short. 
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Aug 25, 2015 09:00
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Unless you're sitting so long on your cash that inflation starts to be a major factor, which usually means a fair amount of years, you're not really 'losing out' though. No potential gain is worth as much as actual money in your hand. Shorting bubbles is also fairly risky and going long on a market while you believe its mid-bubble doesn't make sense really. edit:\/\/\/\/\/Well sure but I didn't think we were talking about investing in index funds per se? PC LOAD LETTER fucked around with this message at 10:35 on Aug 25, 2015 |
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Aug 25, 2015 09:30
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PC LOAD LETTER posted:Unless you're sitting so long on your cash that inflation starts to be a major factor, which usually means a fair amount of years, you're not really 'losing out' though. No potential gain is worth as much as actual money in your hand. Shorting bubbles is also fairly risky and going long on a market while you believe its mid-bubble doesn't make sense really. It makes perfect sense unless you're planning to retire within the next 10 years. Someone who continually invests in an index fund isn't impacted in the same ways as someone who tries to time the market and buys in lump sums.
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Aug 25, 2015 10:16
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PC LOAD LETTER posted:So perfect timing is impossible but buying after there have been some large declines and then holding for a while, possibly a long while, until prices go back up and then selling isn't a bad move financially speaking. This is admittedly still a pretty hard thing to do if for no other reason that you have to have a still fairly large amount of cash on hand to buy the stocks and then wait out any possibly worse declines and then wait for prices to rebound. A big reason why once you get to a certain level making money playing the markets and investments game is easier is simply the fact that once a loss stops being a life devastating thing its easier to rationnally weigh a risk and take it in stride. The less easy it is to absorb risk, the more adverse people become to it, to the point where even a very stable but overall mediocre performing index fund might even scare people away if they don't already have money in the game and the markets are doing what they're doing these days.
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Aug 25, 2015 13:39
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jet sanchEz posted:How's the TTC's pension plan? They're considering merging with OMERS, which is probably a good thing.
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Aug 25, 2015 13:44
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PC LOAD LETTER posted:So perfect timing is impossible but buying after there have been some large declines and then holding for a while, possibly a long while, until prices go back up and then selling isn't a bad move financially speaking. This is admittedly still a pretty hard thing to do if for no other reason that you have to have a still fairly large amount of cash on hand to buy the stocks and then wait out any possibly worse declines and then wait for prices to rebound. You can't buy at the perfect time, and you can't sell at a perfect time. I started DIY investing a year ago, and sure, if I'd waited until now to invest, given the latest downturn, I wouldn't be that much worse off. But if I had invested 3-4 months ago, it'd be lovely as hell. I'd have bought extremely high and be way down right now. Even though some the gains I made over the past year disappeared this week, if I hadn't made those gains I'd be that much worse off. Rick Rickshaw fucked around with this message at 14:45 on Aug 25, 2015 |
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Aug 25, 2015 14:40
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Cultural Imperial posted:Having a lot of cash in hand right now is kind of a good idea.
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Aug 25, 2015 14:43
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Albino Squirrel posted:So when does this poo poo crater? I actually do have an amount of cash on hand. Mostly because I've been too lazy to go invest it, granted... You are looking for a market with all the upsides and none of the risk. Try real estate.
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Aug 25, 2015 14:53
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Albino Squirrel posted:So when does this poo poo crater? I actually do have an amount of cash on hand. Mostly because I've been too lazy to go invest it, granted... Free advice: wait until blue chips hit 52w lows, then buy and hold until you retire. Look for blue chips with dividends, and reinvest the dividend into more stock. I'm not a financial planner or anything but this is investments 101.
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Aug 25, 2015 14:56
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Baronjutter posted:I'm not even going to check on my investments, investments are long term deals I only care how they'll look in 20-30 years from now. I'm really horrible at looking at my investments at anything other then long term, which is an issue sometimes. I only lost like 20k yesterday, which I seemed to have gained back today.
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Aug 25, 2015 18:15
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quote:VANCOUVER -- The first six months of last year saw record levels for building permits being issued in Vancouver, but this year’s total has eclipsed that by almost 20 per cent. http://www.vancouversun.com/touch/story.html?id=11314084 Yeah Vancouver totally has a strong economy
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Aug 25, 2015 20:37
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Cultural Imperial posted:http://www.vancouversun.com/touch/story.html?id=11314084 How much of those projects are tired to Chinese capital though? Is there any risk of the new construction getting cancelled halfway through construction because the bottom fell out from underneath influential moneyed foreign interests?
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Aug 25, 2015 21:45
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DeathSandwich posted:How much of those projects are tired to Chinese capital though? Is there any risk of the new construction getting cancelled halfway through construction because the bottom fell out from underneath influential moneyed foreign interests? Absolutely. Look at any city that had a boom then a crash or even just a slow down. The rotting hulks of half or even mostly-finished sky scrapers sit waiting for the next boom, or for the city to find someone to pay for the demo. There will absolutely come a time when poo poo gets real and Toronto and Vancouver are left with a bunch of unfinished towers and all the numbered companies associated with it bankrupt, leaving the city on the hook for keeping the construction site secure or demolishing the structure.
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Aug 25, 2015 21:50
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Baronjutter posted:Absolutely. Look at any city that had a boom then a crash or even just a slow down. The rotting hulks of half or even mostly-finished sky scrapers sit waiting for the next boom, or for the city to find someone to pay for the demo. There will absolutely come a time when poo poo gets real and Toronto and Vancouver are left with a bunch of unfinished towers and all the numbered companies associated with it bankrupt, leaving the city on the hook for keeping the construction site secure or demolishing the structure. This already happened with the site of the Trump tower, which was an abandoned gaping hole in the ground in the center of downtown for almost a goddamn decade following the 2008 crash.
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Aug 25, 2015 22:09
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Big K of Justice posted:Yeah Canadian TV is odd, but generally I fond that most people in that situation load balance their shot load in such a way that they're out the door after 40 hours is up. MPC is a whole different kettle. My friend worked there as a lead for a bit, and got paid OT but found out he was one of the few in his department that got paid OT, because most of the department [Europeans] were under the impression that they didn't get OT and never challenged MPC on the issue... I guess there's idiots in every bunch. Funny, the Canadian dollar cratering has made me want to stay in Canada even more than I already do. If I go back the states what I've made this year in CAD will be worth a whole lot less... But also, wow health insurance is cheap here. I pay $13 a week for a plan that would cost me nearly $200 a month in America. It's incredible. But anyway, you're at a much higher stage of your career than I am so good luck finding US vfx work! I hear it's still around, just scarcer than before.
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Aug 25, 2015 23:14
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PK loving SUBBAN posted:Free advice: wait until blue chips hit 52w lows, then buy and hold until you retire. Look for blue chips with dividends, and reinvest the dividend into more stock. lmao you are a investment noob if you think buying individual stocks is better than index investing.
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Aug 25, 2015 23:28
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All the Americans working up here on contract, getting paid in USD, are walking around like King poo poo right now, let me tell you.
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Aug 25, 2015 23:28
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Baronjutter posted:Absolutely. Look at any city that had a boom then a crash or even just a slow down. The rotting hulks of half or even mostly-finished sky scrapers sit waiting for the next boom, or for the city to find someone to pay for the demo. There will absolutely come a time when poo poo gets real and Toronto and Vancouver are left with a bunch of unfinished towers and all the numbered companies associated with it bankrupt, leaving the city on the hook for keeping the construction site secure or demolishing the structure. This already happened in the 80s and the local government had to spend piles of money knocking down half finished buildings.
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Aug 25, 2015 23:35
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PT6A posted:All the Americans working up here on contract, getting paid in USD, are walking around like King poo poo right now, let me tell you. Sounds like more coal roller talk
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Aug 26, 2015 00:07
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Ccs posted:But also, wow health insurance is cheap here. I pay $13 a week for a plan that would cost me nearly $200 a month in America. It's incredible. Medical care is significantly better, and free or nearly free, in the rest of the developed world. Also in very undeveloped world for that matter.  Only in North America do you see people think they're getting a sweet rear end deal for medical care this lovely.
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Aug 26, 2015 01:35
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lol
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Aug 26, 2015 01:40
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Rime posted:Medical care is significantly better, and free or nearly free, in the rest of the developed world. Also in very undeveloped world for that matter. Cuba spends 1/40th what the US does per capita and has the same life expectancy 
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Aug 26, 2015 03:20
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TerminalSaint posted:Cuba spends 1/40th what the US does per capita and has the same life expectancy Cuba also has about 3 times as many doctors per capita as the US.
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Aug 26, 2015 03:49
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Holy poo poo, I just stumbled across this. This might even beat the Trump Vancouver ad, which was at least accurate in its luxury https://www.youtube.com/watch?v=sO7kIXqAhvk That building is in the middle of the worst suburb in Canada for those not familiar. None of those towers shown exist.
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Aug 26, 2015 03:54
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Reverse Centaur posted:None of those towers shown exist. Maybe they will by May 23, 2025, but it will probably take more than a decade to clean up Surrey.
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Aug 26, 2015 04:06
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McGavin posted:Maybe they will by May 23, 2025, but it will probably take more than a decade to clean up Surrey. I think it's why the commercial used a unrealistic science fiction setting. surrey is basically the alternative timeline in which Biff has the sports almanac.
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Aug 26, 2015 04:13
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etalian posted:I think it's why the commercial used a unrealistic science fiction setting. I think you or someone else used this comparison before but it's really really spot on.
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Aug 26, 2015 04:14
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Baronjutter posted:I think you or someone else used this comparison before but it's really really spot on. yeah it's one of my favorite barbs from this thread.
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Aug 26, 2015 04:30
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Baronjutter posted:I think you or someone else used this comparison before but it's really really spot on.
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Aug 26, 2015 04:34
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That Biff quote was originally from me I think http://forums.somethingawful.com/showthread.php?threadid=3693185&pagenumber=8&perpage=40#post440046143 edit: oh poo poo that's archived. But yeah, it was the first mention. Here were the accompanying photos        Pretty much killed the canada.jpg GBS thread UnfortunateSexFart fucked around with this message at 04:49 on Aug 26, 2015 |
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Aug 26, 2015 04:42
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the future lives here also: really need a cleveland tourist video for this: https://www.youtube.com/watch?v=zGg_bJenRnE
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Aug 26, 2015 04:48
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Oh god the badly rasterized text on that shirt
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Aug 26, 2015 05:14
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