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virinvictus posted: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? The answer to "should I invest" isn't "how is the market doing" but "how far away will I need the money"
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Mar 12, 2020 02:50
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Guest2553 posted:We're back to what, Dec 2018 prices now almost?
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Mar 12, 2020 02:53
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For non-permenent residents and citizens Not applying to goods Only to the EU (yeah it's still a big deal but surprise surprise trump might have had some details wrong when he said he was shutting down all flights to europe)
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Mar 12, 2020 03:33
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There might still be some downward pressure and I wish I didn't top up my RRSPs last week after the big plunge, but coulda, shoulda, woulda. Play the long game, I'm not losing sleep over it and I lost a poo poo-ton of money on paper. I feel bad for a couple of co-workers that just took an early retirement buy-out and just invested all their $$ last month.
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Mar 12, 2020 04:50
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ghosTTy posted:
Down to 58% book value after 7 days, nice
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Mar 13, 2020 06:14
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Yesterday's crash was so bad that I lost as much as ghostty except in index funds
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Mar 13, 2020 16:41
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xtal posted:Yesterday's crash was so bad that I lost as much as ghostty except in index funds VGRO is down 13.54% in the same interval, what funds are you using? All equity? I don't think even VEQT has dropped as much as crypto in the last week.
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Mar 13, 2020 16:53
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Unless you're riding funky inverse-market put options, nobody comes out of this without blood. This is a global market implosion. Best to be zen about matters, the only way to win was to not have played this decade.
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Mar 13, 2020 16:56
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Less Fat Luke posted:VGRO is down 13.54% in the same interval, what funds are you using? All equity? I don't think even VEQT has dropped as much as crypto in the last week. Sorry, I just meant that day of crypto that was modeled earlier
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Mar 13, 2020 16:59
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Maybe another dumb Norberts gambit question. The USD DLR transaction settled so in WebBroker I'm able to do a Securities Transfer from my USD account to my CAD account. I get a reference number and everything, but the numbers aren't changing. From what I read, this part should be immediate? I don't see any indicator that there was a problem or that it's pending. edit: I called them and they said they were experiencing technical difficulties so that may have something to do with it. xtal fucked around with this message at 19:52 on Mar 13, 2020 |
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Mar 13, 2020 19:25
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It takes a business day in Questrade for what that's worth. Edit: ah saw your edit
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Mar 13, 2020 20:06
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Lol at Trump announcing significant stimulus measures live during the last ten minutes before stock markets closed for the day. I accidentally closed out a big position at like 0.2% less than the peak for the day, good enough. (I wanted to swap into something roughly equivalent since I was just harvesting a tax loss but broker was too laggy in that volume for me to confirm the other order - alas. But when do things ever gap up massively? Other than tomorrow, of course.) Edit: huh. It's Friday? James Baud fucked around with this message at 21:23 on Mar 13, 2020 |
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Mar 13, 2020 21:16
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I tried to sell before he started talking for a brief foray into ill advised day trading and lost 50 bucks. Ok I learned my lesson, back to putting in stuff monthly and not trying to time fluctuations to trump speeches. Sometimes you gotta smash your own hand in the door to know that it hurts.
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Mar 13, 2020 21:23
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CRISPYBABY posted:I tried to sell before he started talking for a brief foray into ill advised day trading and lost 50 bucks. $50 is the cheapest way I've seen anyone learn this lesson. That whole announcement thing with the loving stock ticker overlaid over the conference feed as he's announcing buying tons of oil immediately before markets close for the weekend is a really hosed up thing to do imo.
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Mar 13, 2020 21:29
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VelociBacon posted:$50 is the cheapest way I've seen anyone learn this lesson. Step 1 is to have very little money in your TFSA, but still occasionally obsess over it because you're a loving nerd.
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Mar 13, 2020 21:31
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VelociBacon posted:<almost everything this administration does> is a really hosed up thing to do imo. Homeboy doesn't give a gently caress about america or COVID or whatever, he's just becoming vaguely aware of how stupid people think he is and is worried it will affect reelection chances. Should make for some fun reading on WSB though.
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Mar 13, 2020 21:44
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 Bought the dip, gonna focus more on Hive next purchase, don't have that much cash left. ProgPoW will make GPU mining more efficient, and Hive just expanded their GPU mining facility by 20%
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Mar 15, 2020 19:30
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Mar 15, 2020 20:08
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US Fed just cut rates another full percent (to 0-0.25%) a moment ago. Also throwing the better part of a trillion at a new QE program "asset purchases entailing Treasurys and mortgage-backed securities.". Good times. James Baud fucked around with this message at 22:17 on Mar 15, 2020 |
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Mar 15, 2020 22:08
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My mortgage is up in April and I was going to reup with TD again, current offer for me on a 5 year closed (with 15% payable down per year) is 2.56% on the phone app renew but going in next week to see if I can do even better.. Future plan is to get an additional mortgage for a full house rebuild but that’ll be a couple years out.
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Mar 15, 2020 23:07
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In the coming week the increased testing in the US is going to mean hugely spiked positive covid19 results and I think there will be even heavier restrictions in place, businesses not operating, events cancelled, etc. I'm very much expecting an even bigger market hit than this past week despite the economic measures. Good times!
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Mar 15, 2020 23:12
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Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing programquote:The Fed also cut reserve requirements for thousands of banks to zero. In addition, in a global coordinated move by centrals banks, the Fed said the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements. I can't really overstate how incredibly loving bad this means things are, and are going to be. Holy. gently caress. 
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Mar 15, 2020 23:31
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I guess my XBAL purchase didn't happen. Feel tempted to sit on the cash and wait for the dip to continue before getting back in?
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Mar 16, 2020 01:03
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Rime posted:Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program  at two emergency rate cuts. Either the idiot losers running the clown show know things are a million times worse than they're letting on, or they're so incompetent that their abortive attempts to not look like fuckups is just going to induce further panic. It's not like the administration has any credibility when it comes to the 'good governance' thing, and now that rates are at zero the next step is what - indefinite QE, or dropping rates further? The reality that a pandemic is just beginning hasn't seemed to set in either, and I'd be surprised if we didn't see further closures and restrictions by month's end. Which will only add to the bloodbath.My retirement accounts are ~75k in the red at this point, so I'm just enjoying the scenery as we tumble towards hell. e. Holy balls, reserve requirements dropping to 0% for a number of banks. We've barely started our current crisis and we're already laying the foundation for the next one 
Guest2553 fucked around with this message at 02:31 on Mar 16, 2020 |
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Mar 16, 2020 02:10
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Dow futures are down 1,000 points again, RIP retiring
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Mar 16, 2020 02:44
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I just looked at the online trading account. Down more money than I make in 2 years. Yay! Oh well I wasn't planning on retiring this decade I actually was hoping to 
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Mar 16, 2020 03:03
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Glad I bailed out last fall after all the Trump induced fluctuations  stuck everything in savings TFSAs in anticipation of buying a bigger place but I think we'll wait until the end of summer and see what happens to real estate...
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Mar 16, 2020 03:20
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Maybe it was fortuitous that my XBAL purchase didn't go through and now my TFSA is entirely cash? 
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Mar 16, 2020 04:15
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So long as you know when to invest it...
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Mar 16, 2020 04:35
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Yeast Confection posted:Maybe it was fortuitous that my XBAL purchase didn't go through and now my TFSA is entirely cash? Yeah I'd buy a lottery ticket cause you lucked out big time.
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Mar 16, 2020 05:25
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SPY down 10% in pre-market here we go boys.
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Mar 16, 2020 12:51
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You know that feeling when you've gone down the little hill on a rollercoaster and are now sitting on top of the big hill? Yeah.
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Mar 16, 2020 13:20
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That sounds like a lot more fun than this tbh.
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Mar 16, 2020 13:29
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It's funny to see the US pull every emergency lever labelled "economy" before the actual crash.
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Mar 16, 2020 15:59
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What's the Waffle Index like? Ireland closed all pubs, which I imagine is like DEFCON plaid.Less Fat Luke posted:Dec 2018 if by "now" you mean an hour ago before Trump just closed down flights between the US and Europe (excepting the UK). Dow futures are already down 600 points. In a way, times were simpler back then 
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Mar 16, 2020 16:12
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Guest2553 posted:What's the Waffle Index like? Ireland closed all pubs, which I imagine is like DEFCON plaid. I miss it already
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Mar 16, 2020 16:18
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Rime posted:You know that feeling when you've gone down the little hill on a rollercoaster and are now sitting on top of the big hill? Yeah. Specifically this one: https://www.youtube.com/watch?v=lTcT1VeJfKc&t=119s
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Mar 16, 2020 19:01
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I dumped all non etfs, the recession is gonna be wild
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Mar 16, 2020 19:15
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In better news, my Norberts gambit finally settled. I had $120 of capital gains because of market volatility and that made the final exchange rate 1.40, which is exactly today's rate with no overhead. In spite of this, I opened accounts with Questrade and am going to move things there for those sweet free trades. xtal fucked around with this message at 22:23 on Mar 16, 2020 |
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Mar 16, 2020 19:23
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I thought TD allows journaling before the first trade settles? Questrade doesn't. Are you ensuring that you'll hold DLR for longer than you want every time instead of just technical issues time? Fair about commissions though, can't beat free.
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Mar 16, 2020 19:31
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