Stocks - The Best Buys 2

[chemgear]

Originally Posted by DoubleK

NVDA going bonkers today

Originally Posted by chemgear

Doing decent another quarter later. 10-1 split.

Another +42% higher since this post. Less than 50 days. Crazy.

[bluejays]

I just bought in yesterday to Intel. Went a bit against my principle recently of not buying individual stocks, but I found it hard to resist it from a value perspective. Gotta think at some point the pendulum should swing the other way? Hopefully?

[Fuzz]

Originally Posted by bluejays

I just bought in yesterday to Intel. Went a bit against my principle recently of not buying individual stocks, but I found it hard to resist it from a value perspective. Gotta think at some point the pendulum should swing the other way? Hopefully?

Uhmmm...I'm sorry.

[PaperBagger'14]

At least you didn’t put 700k of an 800k inheritance into intel 2 days ago.

https://www.reddit.com/r/wallstreetb...l_stock_today/

[bluejays]

Originally Posted by Fuzz

Uhmmm...I'm sorry.

lol...I can't help but laugh a bit at the bad timing. It's just down $2k or so. Not life changing but it still sucks.

[DoubleK]

Hold on to your butts!

[bluejays]

What happened? I don't believe I've ever seen an opening like this, this morning.

[Bonded]

Originally Posted by bluejays

What happened? I don't believe I've ever seen an opening like this, this morning.

Couple things imo. Felt bubbly with AI and then everyone was convinced the Feds nailed the soft landing which stretched stuff even further

[opendoor]

Carry trades using the Yen are also playing a role. Because Japan still had 0% interest rates until last week, some investors were trying to take advantage of that arbitrage opportunity in interest rates by borrowing Yen to buy (mostly US) stocks while paying little to no interest. Basically the opposite of what the Federal Reserve was trying to encourage through more restrictive monetary policy.

But the Bank of Japan just increased their rates by 0.25%. The actual rate increase isn't a huge deal in terms of costs for investors, but it did dramatically strengthen the Yen (up about 10% against the USD in the last week or so). So now investors who borrowed Yen to buy stocks have lost a bunch of money on exchange rates, which leads to sell offs of the stocks they bought.

[Azure]

Buffet is sitting on $280b in cash.

Just sitting there waiting for the crash.

[puckedoff]

Originally Posted by Azure

Buffet is sitting on $280b in cash.

Just sitting there waiting for the crash.

He missed today's rally, what a Dumba 55.

[bluejays]

Surprised there’s no dedicated thread to monkeypox, but for selfish reasons, what are the chances this becomes a thing? Seems a lot like December 2019 where there’s calm in, the ignorant thought “it’s over there” until it inevitably wasn’t. Wonder if this would factor into the stock market overall.

[DoubleK]

Originally Posted by bluejays

Surprised there’s no dedicated thread to monkeypox, but for selfish reasons, what are the chances this becomes a thing? Seems a lot like December 2019 where there’s calm in, the ignorant thought “it’s over there” until it inevitably wasn’t. Wonder if this would factor into the stock market overall.

Go to cash then?

[Slava]

Originally Posted by bluejays

Surprised there’s no dedicated thread to monkeypox, but for selfish reasons, what are the chances this becomes a thing? Seems a lot like December 2019 where there’s calm in, the ignorant thought “it’s over there” until it inevitably wasn’t. Wonder if this would factor into the stock market overall.

I sold early on Covid, and got back in when things cratered with Covid (only saying this because you’re relating the two). To me, this is different for several reasons. First, we’ve seen mpox before and have experience with this very recently. Second, the economic impact with Covid-19 was direct and obvious at that point if you were paying attention. China was closing factories and shutting down. If you had investments in those directly impacted businesses, you were going to see an impact and it would be notable if not severe! If you weren’t convinced that this was a problem (and I’m not sure how, to be honest, because factories shutting down is drastic), once countries like Italy began shutting down, it became evident that this was a more significant problem. It’s impossible to predict mpox, but those things aren’t happening today, and it doesn’t seem as likely with the current situation.

Those are my thoughts at this point, FWIW.

[Leondros]

Originally Posted by Slava

I sold early on Covid, and got back in when things cratered with Covid (only saying this because you’re relating the two). To me, this is different for several reasons. First, we’ve seen mpox before and have experience with this very recently. Second, the economic impact with Covid-19 was direct and obvious at that point if you were paying attention. China was closing factories and shutting down. If you had investments in those directly impacted businesses, you were going to see an impact and it would be notable if not severe! If you weren’t convinced that this was a problem (and I’m not sure how, to be honest, because factories shutting down is drastic), once countries like Italy began shutting down, it became evident that this was a more significant problem. It’s impossible to predict mpox, but those things aren’t happening today, and it doesn’t seem as likely with the current situation.

Those are my thoughts at this point, FWIW.

Me too, had the most successful investing year by pulling out in Feb of COVID and then piling back in towards the summer.

This is different. Its not nearly as contagious and the virology is a lot different. Transmission between humans is less efficient compared to COVID-19, often requiring prolonged or close contact. The monkeypox virus is more stable and less prone to mutations that might increase virulence or transmissibility and there are also already vaccines out for mpox.

[Calgary]

What does CP braintrust think of $VSP.TO

Seems like a safe place to park some money?

[Leondros]

Originally Posted by Calgary

What does CP braintrust think of $VSP.TO

Seems like a safe place to park some money?

As always depends on your timing. It is certainly not a "safe place" . If you want safe, look at CASH or my preferred, CBIL. They are effectively HISA and T Bill etfs respectively.

[DoubleK]

CASH.TO has been good to me.

[opendoor]

CBIL is probably better than CASH. Same yield, but the chance of a bank like Canadian Western Bank failing is higher than the Canadian government defaulting on its bonds.

Originally Posted by Calgary

What does CP braintrust think of $VSP.TO

Seems like a safe place to park some money?

I mean, it's the S&P 500, so it's the same risk profile as that. Historically it grows quite well over time, but you can also be down 30-50% or more at points during crashes. So if you need the money within a shorter timeframe, it might not be ideal.

Also worth noting, VSP is currency hedged, which tends to have a cost. Not a massive one, but it will underperform the index which can add up over time. If you invested $100K in VSP 10 years ago you'd have $304K today. Whereas $100K invested into the S&P 500 would be worth about $340K. You can avoid that cost with an un-hedged version, but then you always run the risk of the Canadian dollar appreciating and reducing your gains.

[Samonadreau]

An interesting look at the state of the top tech stocks now compared to the .com bubble.

Shows the largest market cap stocks now, while taking up a bigger portion of the stock market, are relatively much stronger and better valued.

https://www.visualcapitalist.com/sto...s-tech-bubble/

Just thought it was interesting as I've heard some reports of another bubble that was compared to the .com bubble.