Until the economy fixes itself (which could be 5-10 years), I think trading is the way to go over buying and holding. I'll leave the buying and holding to my 401k, and I'll take my trading chances when an opportunity presents itself.
I think you're discounting the importance of just having solid, dividend paying stocks.
But I do agree that, for awhile, at least, buy-and-hold for growth is probably futile.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
Yeah, I’ll never fault anyone for grabbing that profit. Better out early than too late.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
Yeah, I’ll never fault anyone for grabbing that profit. Better out early than too late.
I'd love to invest in medical / pharma since they have such large betas but I don't have the knowledge necessary to make informed picks. My own field (insurance) rarely has such upside, but I've done well in a few recently and quite badly in my former company.
To add some content, recently increased my position in Ford (F) and Brookfield Renewable Partners (BEP) for the long haul. Money wasn't doing much atm anyhow.
To add some content, recently increased my position in Ford (F) and Brookfield Renewable Partners (BEP) for the long haul. Money wasn't doing much atm anyhow.
Nice, I really love Ford in the $8-$9 range but haven't initiated a position yet. I'm scared to establish too many longs when I feel the market is overvalued in general, but Ford stock is poised to breakout over the next few years. They are redoing their entire strategy by eliminating most sub brands so the stock should be interesting.
I also love Wayfair at $80 but missed my entry 2 days before Thanksgiving as I was out of the office. Had been watching it for months too. Hit that and bounced with strength, somewhere around $110 now. Wayfair is the Amazon of furniture and I expect big things from them over the next 2-3 years.
Been a wild ride in the market lately. Scared to establish too many new longs with this volatility, but did grab some F (Ford) shares today at $7.63. Love that stock at $8 and under.
I still own 1 BTC (well, .98) and I've been intending to cash out and move that money into stocks and bonds. I'm thinking it's getting to be about that time. Considering the feds recent moves and the fact that I could see them increasing rates another time or two in the coming months, I'm not sure this is "bottom". Since the December slide, the chart trends haven't been established enough to make a good enough estimation of where we are or if we're near a bottom.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
I still own 1 BTC (well, .98) and I've been intending to cash out and move that money into stocks and bonds. I'm thinking it's getting to be about that time. Considering the feds recent moves and the fact that I could see them increasing rates another time or two in the coming months, I'm not sure this is "bottom". Since the December slide, the chart trends haven't been established enough to make a good enough estimation of where we are or if we're near a bottom.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
Beware technical analysis (i.e. "chart trends"). If you're going to day trade, especially shorting, you need to really analyze those stocks, otherwise you're just throwing darts. Maybe focus on an industry you're familiar with to start. If you're only in for $10k, you can't get into too much trouble, but it's still real money.
How did you make out on your bitcoin purchase? I have a friend who bought a few at around $15K and got smacked down, but anyone who bought pre-2017 did damn well.
I still own 1 BTC (well, .98) and I've been intending to cash out and move that money into stocks and bonds. I'm thinking it's getting to be about that time. Considering the feds recent moves and the fact that I could see them increasing rates another time or two in the coming months, I'm not sure this is "bottom". Since the December slide, the chart trends haven't been established enough to make a good enough estimation of where we are or if we're near a bottom.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
Beware technical analysis (i.e. "chart trends"). If you're going to day trade, especially shorting, you need to really analyze those stocks, otherwise you're just throwing darts. Maybe focus on an industry you're familiar with to start. If you're only in for $10k, you can't get into too much trouble, but it's still real money.
How did you make out on your bitcoin purchase? I have a friend who bought a few at around $15K and got smacked down, but anyone who bought pre-2017 did damn well.
It's because of BTC that I want to get into day trading. I started back in 2010. I mined maybe .2 on a couple CPUs when GPU mining was just getting started. Anyway, it was through early altcoin trading sites like Vircurex that I learned how to pay attention news and trends. I got out after a few investments not in alts but actual business I invested heavily in that flopped. Also, after that exprience, I still did well with minor trading and investing. I use to do a bunch of poloniex trading. I did pretty well shorting. I know that stocks and cryptos are different but there are general trends that go along with the emotion and psychology of general reports and overall market sentiment.
Anyway, I never bought into crypto. I mined and traded. I paid off my house and I had made some good investment bets, cashed out at profits but my "problem" was that I always cashed out to early. Anyway, crypto is to crazy and dramatic. I stopped all together about a year ago and just held the one BTC. Now, I want to move those funds over to more traditional trading platforms. That's all.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Do you have any thoughts on robo-investors such as Wealthsimple?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Do you have any thoughts on robo-investors such as Wealthsimple?
You can do most of what robo-investors do on your own, relatively easily.
The benefit of a robo-investor is simply encouraging you to invest, at all, by automating the process and taking specific allocation decisions out of your hands.
A basic 3 fund portfolio (like you'd read about on Bogleheads) will serve the vast majority of investors better than any attempts at trading or timing of the market, and is cheap and easy to do implement on any of the major platforms (Vanguard, Schwab, and Fidelity all have very low fee funds that serve the purpose).
Whether you want a robo-investor to basically do that for you, or whether you want to DIY, is largely a question of your own motivation (and willpower to ignore bad news), and whether or not you want to pay the approx-1% management fees.
The only slightly more complicated thing robo-investors do is tax loss harvesting. (which may not even be relevant to Canadians and is something you'd need to research)
I'm not even sure what a Robo Investor is, I just do all my own things. I'm not that active of a trader though, I establish a few positions a year, max out my Roth IRA and that's about it.
I'm not even sure what a Robo Investor is, I just do all my own things. I'm not that active of a trader though, I establish a few positions a year, max out my Roth IRA and that's about it.
Wealthfront, Betterment, Schwab Intelligent Portfolios, etc.
Basically an "advisor" service that auto-rebalances, auto-invests, and also offers a few other items like tax-lost-harvesting, without having a human advisor in the loop.
They don't deal in individual stocks, as far as I know -- they are mostly just putting your portfolio in a standard set of low-fee multi-fund porfolios (or more likely ETFs rather than mutual funds).
I've been eyeing this thread for a while as I hope to get into investing as soon as we're done with our house mortgage.
Sometimes I wonder if it makes sense to invest while paying a mortgage with an interest rate above inflation, what's the consensus on this?
Paying off mortgage early = guaranteed savings by avoiding interest $$
Investing = potentially more gains, but it’s a gamble.
Most of the people I’ve heard speak on this topic say to go for the guarantee, not the gamble
Debt should (IMO) always be priority. I'd aim to pay off the mortgage ahead of any investing; as you've said, it's a gamble by comparison.
In general, non-USA borrowers have higher interest rates than we have for mortgage products, so that definitely skews toward debt repayment.
Also, I haven't kept up with currency fluctuations lately, but I'm sure there are periods of time where you would be crazy to invest (in world markets denominated in US dollars) versus paying off your own debt in your home currency. (i.e. if your currency is currently weak-against-the-dollar)
For US borrowers that have decent interest rates, though (i.e. those of us that have bought or refinanced in the last 10 years and have rates in the 3-4% range) even with markets dropping, it is most likely beneficial over the long-run to just pay the minimum on the mortgage and invest the difference.
(for CONSUMER debt, though, yes, debt should always be the priority, since you're talking double-digit interest rates)
Comments
Until the economy fixes itself (which could be 5-10 years), I think trading is the way to go over buying and holding. I'll leave the buying and holding to my 401k, and I'll take my trading chances when an opportunity presents itself.
I think you're discounting the importance of just having solid, dividend paying stocks.
But I do agree that, for awhile, at least, buy-and-hold for growth is probably futile.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Originally posted by: Gloves
Now's the time for Bitcoin BUY BUY BUY!
Just took out a 2nd mortgage on the house.
Now's the time for Bitcoin BUY BUY BUY!
Bitcoin pffff....
I'm going all in on Ripple.
Any interest or attention I had for individual stocks went out the window when I had kids, anyway
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
Yeah, I’ll never fault anyone for grabbing that profit. Better out early than too late.
My biggest hit has been the stock of my own company SRDX. I'm lucky enough to be in the key talent stock gift program, so my portfolio has sky rocketed in 2018. I cashed in a sizable amount when it hit 80 and reinvested in a couple small medical stocks that also have done well.
Dang 3-4x growth, crazy. Crazier that you held and got out at the top though? I usually get out pretty early once I get the return I'm hoping for.
Example, ETSY, had several shares in the $9-$10 range but let them fly at $17. Now $54 of course. Though almost doubling in less than a year was good, taking 5x gains over 3 years would have been better. Either way, you can't go wrong taking a profit.
Yeah, I’ll never fault anyone for grabbing that profit. Better out early than too late.
I'd love to invest in medical / pharma since they have such large betas but I don't have the knowledge necessary to make informed picks. My own field (insurance) rarely has such upside, but I've done well in a few recently and quite badly in my former company.
https://www.amazon.com/Margin-Safety-Risk-Averse-Strategies-Thoughtful/dp/0887305105
To add some content, recently increased my position in Ford (F) and Brookfield Renewable Partners (BEP) for the long haul. Money wasn't doing much atm anyhow.
Nice, I really love Ford in the $8-$9 range but haven't initiated a position yet. I'm scared to establish too many longs when I feel the market is overvalued in general, but Ford stock is poised to breakout over the next few years. They are redoing their entire strategy by eliminating most sub brands so the stock should be interesting.
I also love Wayfair at $80 but missed my entry 2 days before Thanksgiving as I was out of the office. Had been watching it for months too. Hit that and bounced with strength, somewhere around $110 now. Wayfair is the Amazon of furniture and I expect big things from them over the next 2-3 years.
I don't have a lot of money for investing, so I only put a couple hundred dollars in ACB.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
I still own 1 BTC (well, .98) and I've been intending to cash out and move that money into stocks and bonds. I'm thinking it's getting to be about that time. Considering the feds recent moves and the fact that I could see them increasing rates another time or two in the coming months, I'm not sure this is "bottom". Since the December slide, the chart trends haven't been established enough to make a good enough estimation of where we are or if we're near a bottom.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
Beware technical analysis (i.e. "chart trends"). If you're going to day trade, especially shorting, you need to really analyze those stocks, otherwise you're just throwing darts. Maybe focus on an industry you're familiar with to start. If you're only in for $10k, you can't get into too much trouble, but it's still real money.
How did you make out on your bitcoin purchase? I have a friend who bought a few at around $15K and got smacked down, but anyone who bought pre-2017 did damn well.
I still own 1 BTC (well, .98) and I've been intending to cash out and move that money into stocks and bonds. I'm thinking it's getting to be about that time. Considering the feds recent moves and the fact that I could see them increasing rates another time or two in the coming months, I'm not sure this is "bottom". Since the December slide, the chart trends haven't been established enough to make a good enough estimation of where we are or if we're near a bottom.
Unrelated, for someone who might want to start day trading (or "month" trading as it would be for me) with about $10k, which is the best online broker to go with that offers stock, bonds, currencies and allows for stock shorting? You guys have any good suggestions?
Beware technical analysis (i.e. "chart trends"). If you're going to day trade, especially shorting, you need to really analyze those stocks, otherwise you're just throwing darts. Maybe focus on an industry you're familiar with to start. If you're only in for $10k, you can't get into too much trouble, but it's still real money.
How did you make out on your bitcoin purchase? I have a friend who bought a few at around $15K and got smacked down, but anyone who bought pre-2017 did damn well.
It's because of BTC that I want to get into day trading. I started back in 2010. I mined maybe .2 on a couple CPUs when GPU mining was just getting started. Anyway, it was through early altcoin trading sites like Vircurex that I learned how to pay attention news and trends. I got out after a few investments not in alts but actual business I invested heavily in that flopped. Also, after that exprience, I still did well with minor trading and investing. I use to do a bunch of poloniex trading. I did pretty well shorting. I know that stocks and cryptos are different but there are general trends that go along with the emotion and psychology of general reports and overall market sentiment.
Anyway, I never bought into crypto. I mined and traded. I paid off my house and I had made some good investment bets, cashed out at profits but my "problem" was that I always cashed out to early. Anyway, crypto is to crazy and dramatic. I stopped all together about a year ago and just held the one BTC. Now, I want to move those funds over to more traditional trading platforms. That's all.
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Do you have any thoughts on robo-investors such as Wealthsimple?
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Do you have any thoughts on robo-investors such as Wealthsimple?
You can do most of what robo-investors do on your own, relatively easily.
The benefit of a robo-investor is simply encouraging you to invest, at all, by automating the process and taking specific allocation decisions out of your hands.
A basic 3 fund portfolio (like you'd read about on Bogleheads) will serve the vast majority of investors better than any attempts at trading or timing of the market, and is cheap and easy to do implement on any of the major platforms (Vanguard, Schwab, and Fidelity all have very low fee funds that serve the purpose).
Whether you want a robo-investor to basically do that for you, or whether you want to DIY, is largely a question of your own motivation (and willpower to ignore bad news), and whether or not you want to pay the approx-1% management fees.
The only slightly more complicated thing robo-investors do is tax loss harvesting. (which may not even be relevant to Canadians and is something you'd need to research)
Gamestop above $15 now, really running strong today.
Sometimes I wonder if it makes sense to invest while paying a mortgage with an interest rate above inflation, what's the consensus on this?
I'm not even sure what a Robo Investor is, I just do all my own things. I'm not that active of a trader though, I establish a few positions a year, max out my Roth IRA and that's about it.
Gamestop above $15 now, really running strong today.
Wealthfront, Betterment, Schwab Intelligent Portfolios, etc.
Basically an "advisor" service that auto-rebalances, auto-invests, and also offers a few other items like tax-lost-harvesting, without having a human advisor in the loop.
They don't deal in individual stocks, as far as I know -- they are mostly just putting your portfolio in a standard set of low-fee multi-fund porfolios (or more likely ETFs rather than mutual funds).
I've been eyeing this thread for a while as I hope to get into investing as soon as we're done with our house mortgage.
Sometimes I wonder if it makes sense to invest while paying a mortgage with an interest rate above inflation, what's the consensus on this?
Paying off mortgage early = guaranteed savings by avoiding interest $$
Investing = potentially more gains, but it’s a gamble.
Most of the people I’ve heard speak on this topic say to go for the guarantee, not the gamble
I've been eyeing this thread for a while as I hope to get into investing as soon as we're done with our house mortgage.
Sometimes I wonder if it makes sense to invest while paying a mortgage with an interest rate above inflation, what's the consensus on this?
Paying off mortgage early = guaranteed savings by avoiding interest $$
Investing = potentially more gains, but it’s a gamble.
Most of the people I’ve heard speak on this topic say to go for the guarantee, not the gamble
Debt should (IMO) always be priority. I'd aim to pay off the mortgage ahead of any investing; as you've said, it's a gamble by comparison.
I've been eyeing this thread for a while as I hope to get into investing as soon as we're done with our house mortgage.
Sometimes I wonder if it makes sense to invest while paying a mortgage with an interest rate above inflation, what's the consensus on this?
Paying off mortgage early = guaranteed savings by avoiding interest $$
Investing = potentially more gains, but it’s a gamble.
Most of the people I’ve heard speak on this topic say to go for the guarantee, not the gamble
Debt should (IMO) always be priority. I'd aim to pay off the mortgage ahead of any investing; as you've said, it's a gamble by comparison.
In general, non-USA borrowers have higher interest rates than we have for mortgage products, so that definitely skews toward debt repayment.
Also, I haven't kept up with currency fluctuations lately, but I'm sure there are periods of time where you would be crazy to invest (in world markets denominated in US dollars) versus paying off your own debt in your home currency. (i.e. if your currency is currently weak-against-the-dollar)
For US borrowers that have decent interest rates, though (i.e. those of us that have bought or refinanced in the last 10 years and have rates in the 3-4% range) even with markets dropping, it is most likely beneficial over the long-run to just pay the minimum on the mortgage and invest the difference.
(for CONSUMER debt, though, yes, debt should always be the priority, since you're talking double-digit interest rates)