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Yeast Confection posted:Sold and dumped it all into XBAL. See you in 10 years It's in a registered account right (RRSP or TFSA)? Just checking!
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Mar 4, 2020 07:04
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It's a Questrade TFSA.
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Mar 4, 2020 15:10
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Thinking about investing my entire RRSP into crypto mining / capital stocks. So far my primary choices are HUT8 ~100M mcap - partnership with Bitfury (ASIC manufacturer), local Alberta operations, Bitcoin mining only Hive Blockchain ~90M mcap - has GPU and ASIC mining operations setup in Sweden and Finland, expanding to Norway, cheap hydroelectric, mining Bitcoin and good altcoins like Ethereum Ether Capital ~6M mcap - not a mining operation, holds ETH MKR and a stake in a crypto exchange called Wyre, this is the only option I've found for exposure to DeFi with MakerDAO Ethereum Grayscale Trust - basically just holding ETH (boring)
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Mar 6, 2020 03:13
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That sounds like a terrible idea, friend.
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Mar 6, 2020 03:30
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ghosTTy posted:Thinking about investing my entire RRSP into crypto mining / capital stocks. 
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Mar 6, 2020 04:35
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I love how this, of all threads, is one you apparently read.
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Mar 6, 2020 04:38
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10 pages and further post history of online posts in exclusively bitcoin adjacent threads, my god, it's a live one.
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Mar 6, 2020 04:43
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HookShot posted:I love how this, of all threads, is one you apparently read. I would love to take credit, but Someone linked in the other BFC thread just now.
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Mar 6, 2020 04:53
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ghosTTy posted:Thinking about investing my entire RRSP into crypto mining / capital stocks. Invest in POGs, they are poised to rebound any day now
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Mar 6, 2020 05:21
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I hear cruise ship and airline stocks are a great deal right now.
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Mar 6, 2020 05:26
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SPY puts are on sale!
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Mar 6, 2020 06:42
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https://www.youtube.com/watch?v=khegBiClioY
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Mar 6, 2020 08:31
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Duckman2008 posted:I would love to take credit, but Someone linked in the other BFC thread just now. LOL I was going to ask what kind of masochism you're into that would have you willingly reading this thread otherwise.
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Mar 6, 2020 17:53
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ghosTTy posted:Thinking about investing my entire RRSP into crypto mining / capital stocks. If you're going to invest in something as absurdly volatile as crypto (or even single stocks), it shouldn't be in a registered account where you could lose contribution room forever, it shouldn't be with long-term retirement savings, and it shouldn't be with more than, like, 1-2% of your portfolio. edit: and in case you're just the canadian version of  , it obviously also shouldn't be on credit
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Mar 6, 2020 18:15
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CRISPYBABY posted:10 pages and further post history of online posts in exclusively bitcoin adjacent threads, my god, it's a live one. Absolutely. There were more than a few true believers that disappeared the moment that market crashed from its $20k high, but he's still around. I'll also never get over, "Bitcoin is crashing! SELL SELL SELL!" that worked all those years ago. Square Peg posted:Nobody here is going to say this is a good idea. The only actual advice with cryptocurrency I can give (other than don't touch it as more than a curiousity like you said), is to pay your taxes on it.
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Mar 6, 2020 18:18
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 let's go
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Mar 7, 2020 03:03
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 as an investment strategy.
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Mar 7, 2020 04:07
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Literal penny stocks but Bitcoin instead of of the traditional energy/mining/biotech
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Mar 7, 2020 06:09
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ghosTTy posted:let's go Lmao Well, keep us updated I guess!
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Mar 7, 2020 18:57
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Risky Bisquick posted:Literal penny stocks but Bitcoin instead of of the traditional energy/mining/biotech are crypto flow-throughs a thing yet?
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Mar 7, 2020 19:06
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Possibly going to happen, or trying to do a raise with debt backed by crypto holdings. I really want to peek into the future and see whether this portfolio beats Hal’s legendary portfolio
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Mar 7, 2020 20:21
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This is the last place I expected to find ghosTTy because we often agree a lot in the bitcoin gbs thread. However, I do not agree here.
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Mar 7, 2020 22:17
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Time to cash in on my RRSP, I hope I still remember my seed phrase!
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Mar 7, 2020 22:18
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ghosTTy posted:
FYI: I'm going to post this to /r/wallstreetbets, because that's the only place something this breathtakingly idiotic deserves to be featured.
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Mar 8, 2020 00:06
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Just looking up some of those symbols and the S&P is down 6% but that portfolio already lost about 20% since those purchases so mission accomplished.
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Mar 9, 2020 16:11
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Couldn't resist building the crypto portfolio to model actual losses: $14,000 down the drain in two days, impressive!
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Mar 9, 2020 16:56
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Rime posted:FYI: I'm going to post this to /r/wallstreetbets, because that's the only place something this breathtakingly idiotic deserves to be featured. Link plz. I've got a fair size of cash sitting in savings right now I was going to use for house renovations this spring/summer, but I'm tempted to just push it all into retirement savings instead. Maybe I'll split the difference.
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Mar 9, 2020 17:05
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Less Fat Luke posted:Couldn't resist building the crypto portfolio to model actual losses: If they're unrealized losses then I don't need to realize them!
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Mar 9, 2020 19:06
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Weeee! I have a chunk of cash sitting in reserves and seriously toying with dumping most of it into my investment account. e: Not crypto ee: XGRO is down 5.1% today, most other things I have are 8-9%. I am quite glad I heavily moved a lot of stuff to XGRO the past couple months. slidebite fucked around with this message at 20:13 on Mar 9, 2020 |
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Mar 9, 2020 19:31
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Hey screw the risk adverse haters, you gotta YOLO sometimes. Risk management? Psh, for suckers that pay taxes xtal posted:If they're unrealized losses then I don't need to realize them! Ah yes, it’s not a loss until you sell 
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Mar 10, 2020 02:23
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Or the underlying security goes to zero and gets delisted 
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Mar 10, 2020 02:50
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I used this loss position as an opportunity to consolidate a two equity fund setup (VCN and VXC) with one (VEQT). Maybe spreadsheets really are programming. Deleting 90% of this spreadsheet felt as good as deleting 90% of a file's code. Rest in peace you optimal lazy rebalancing formulae!
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Mar 10, 2020 19:18
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pokeyman posted:Maybe spreadsheets really are programming. Deleting 90% of this spreadsheet felt as good as deleting 90% of a file's code. Rest in peace you optimal lazy rebalancing formulae!  I had VAB/VCN/XIC/VUN/VXC/XEF/XEC across six accounts at one point, and boiling it down to 85% XGRO made life so much simpler. I still have some VXC in an open account I'm winding down, plus some VAB to stay at at my allocations so it'll be another couple years before I'm 100% XGRO. Once I am though... 
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Mar 10, 2020 19:31
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I will go check myself, but does anyone know how much of what CNR's business is Canadian oil? This current dip plus the blockade effects has the share price looking attractive. And it'll probably drop more once they add up how much the blockade business cost them.
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Mar 11, 2020 17:49
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Did I gently caress up my Norberts gambit? I have an unregistered USD account and an unregistered CAD account. In the USD account I bought DLR.U. Now, it seems like the best thing I can do is wait for it to settle, do a securities transfer to DLR, then sell the DLR. Was this correct? I seem to be susceptible to a changing conversion rate now, instead of being locked in now.
xtal fucked around with this message at 22:58 on Mar 11, 2020 |
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Mar 11, 2020 22:53
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In theory you can journal DLR over to Canadian side of account before it settles. If TD, unsure if the self serve tool lets you. Otherwise you eat a couple days of volatility while waiting for settlement (claim the capital loss/gain!). DLR/DLR.U pair is really meant for slow "wait for settlement" Canada -> US though, not the reverse.
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Mar 11, 2020 22:57
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It depends on the brokerage whether you have to wait for the first trade to settle. Some places you can either call to get it done now, or wait and go through the website.
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Mar 12, 2020 01:04
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With everything dropping, is now the time to continue investing my money? I only just started an investment account a couple weeks ago. Going with the VBAL but haven’t been through a downturn before. I don’t wanna pull, but have plans to invest about $30,000 in the next couple of months. Should I wait?
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Mar 12, 2020 01:33
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Stick to your plan, don't time the market. If you're investing for decades, the optimal time to buy is always asap. If you're not sure about investing a big lump sum, by all means spread it out over a few weeks/months/years/whatever, but make a plan. Decide to e.g. invest $5k on the 1st of each month for the next six months and stick to it. Don't second guess yourself based on the news of the day. Totally ok to go slow, but you wanna learn not to get spooked by little bumps. A little lucky success timing the market will teach you the wrong lesson.
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Mar 12, 2020 01:43
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We're back to what, Dec 2018 prices now almost? The paper value of my boring-rear end index accounts goes down the equivalent of a month's salary on days like today. There's no discernable impact on my daily routine so instead of trippin the huge loss of net worth, I personally find it to be a nice reminder that I have a good life overall. If you're looking at throwing that cash into retirement accounts I'd say don't sweat it. The stress isn't worth trying to min-max that poo poo and we can't compete with the professionals. Guest2553 fucked around with this message at 02:49 on Mar 12, 2020 |
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Mar 12, 2020 02:46
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