The ongoing financial turmoil and financial discussion thread - Page 18 - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Mickey76 · 10-24-2008, 02:53 PM

Quote:

Originally Posted by DementedReality

id like to know how to find this information?

There are numerous stock scanners on the web. For American stocks I like http://www.kiplinger.com/tools/stockfinder/ In the custom filter section select debt as a % of equity is = 0. I scanned for that and was given a list of 609 companies.

MoneyGuy · 10-24-2008, 03:06 PM

I'm telling you guys. Five years from now you'll look back and wish you'd bought. If you've bought, you'll wish you'd bought more. When we reach bottom (whenever that is), you'll never see those prices again. This may not be bottom, but I'm convinced the above will prove to be true.

Tron_fdc · 10-24-2008, 03:12 PM

Quote:

Originally Posted by Mickey76

There are numerous stock scanners on the web. For American stocks I like http://www.kiplinger.com/tools/stockfinder/ In the custom filter section select debt as a % of equity is = 0. I scanned for that and was given a list of 609 companies.

That's a really cool site....thanks.

I'm thinking about buying a bunch of booze stocks. That's one thing that people will probably never stop buying.

photon · 10-24-2008, 03:13 PM

I wish I had money to invest

Daradon · 10-24-2008, 03:14 PM

Quote:

Originally Posted by Tron_fdc

I'm thinking about buying a bunch of booze stocks. That's one thing that people will probably never stop buying.

Haha, especially with such happy news right now. Those stocks could spike!

Tron_fdc · 10-24-2008, 03:14 PM

Quote:

Originally Posted by Daradon

Haha, especially with such happy news right now. Those stocks could spike!

Exactly!!! Win or lose, hit the booze!!

troutman · 10-24-2008, 03:18 PM

Quote:

Originally Posted by Slava

^ Not exactly "bloody Friday" in Canada either. Down about 37 points last time I looked. Personally I think that this is the bottom, or 9000 is basically the bottom anyway. Everytime the market has crossed below that it has come back quickly.

Oh well, only one more week to go in "Red October"! (I'm planning on copyrighting that one as soon as I find the time, so don't bother stealing it for your headlines National Post!!)

mykalberta · 10-24-2008, 03:20 PM

I am too nervous about stocks and the like. I keep 40% of my assets cash in PC Financial and ING, 40% RRSP and 20% stocks. I have probably doubled what I own in that racket in the last 2 weeks. But I am someone who only invest in what I know or think I know then I never look at the price again until my broker calls me when my presets tell him to.

Nancy · 10-24-2008, 03:22 PM

Quote:

Originally Posted by MoneyGuy

I'm telling you guys. Five years from now you'll look back and wish you'd bought. If you've bought, you'll wish you'd bought more. When we reach bottom (whenever that is), you'll never see those prices again. This may not be bottom, but I'm convinced the above will prove to be true.

There are no guarantees in life. We are still at the early stages of this recession, there haven't been any substantial job losses or cutbacks yet. It's way too early to call bottom. At this point, I would be focussed on aggressively paying down debt, especially anything over 5%. And not just because it's impossible to find a 5% after-tax risk free investment (Even RRSP's aren't tax free, they are deferred tax)... I would focus on debt reduction because most of us have way too much debt and maintaining these debtloads is going to be much harder in a tightened credit market. Especially if you get laid off.

Table 5 · 10-24-2008, 03:22 PM

Quote:

Originally Posted by photon

I wish I had money to invest

take out a sub-prime loan!

RougeUnderoos · 10-24-2008, 03:30 PM

What is "the bottom"? Is that the point people just say "well, no point in selling at these prices"?

Maybe they should try to convince everyone that we are in a recession and have been for months. Then maybe people will look around and say "well, this isn't a lot of fun, but it's not the end of the world like they keep telling us".

photon · 10-24-2008, 03:39 PM

Quote:

Originally Posted by Table 5

take out a sub-prime loan!

Ah the circle of life.

skins · 10-24-2008, 03:45 PM

Quote:

Originally Posted by Table 5

...They were calling today's events on Wall Street to be a Bloody Friday even before markets opened. Dow just closed down 314 points...not great, but hardly unheard of...

Quote:

Originally Posted by David Dreman - contrarian value investor

...The time to buy is when there's blood on the streets...

http://www.investopedia.com/universi...aviddreman.asp

Some other quotes from famous investors....

Quote:

Originally Posted by Jack Bogle - pioneer of the no-load mutual fund

Time is your friend; impulse is your enemy.

If you have trouble imaging a 20% loss in the stock market, you shouldn't be in stocks.

might be too late for some of us, but....

Quote:

Originally Posted by Warren Buffet

Rule No.1 is never lose money. Rule No.2 is never forget rule number one."

one more...

Quote:

Originally Posted by Peter Lynch

Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it.

Table 5 · 10-24-2008, 03:50 PM

Quote:

Originally Posted by RougeUnderoos

What is "the bottom"? Is that the point people just say "well, no point in selling at these prices"?

Maybe they should try to convince everyone that we are in a recession and have been for months. Then maybe people will look around and say "well, this isn't a lot of fun, but it's not the end of the world like they keep telling us".

I've been saying for a while that the U.S government (and countries worldwide) should spend a bit of that 700 billion and pay off newspapers and cable news to do more positive stories to encourage confidence. And I'm only half-kidding.

MoneyGuy · 10-24-2008, 03:59 PM

Quote:

Originally Posted by mykalberta

I am too nervous about stocks and the like. I keep 40% of my assets cash in PC Financial and ING, 40% RRSP and 20% stocks.

You know, don't you, that an RRSP is not an investment? You list it with investments so your asset allocation really only shows 60% of your investment assets.

Quote:

Originally Posted by Nancy

We are still at the early stages of this recession, there haven't been any substantial job losses or cutbacks yet. It's way too early to call bottom.

The market tends to lead the economy by about 6-8 months. So, if you feel that the economy will turn around in half a year, then based on history now would be the time to be buying.

Table 5 · 10-24-2008, 04:05 PM

Quote:

Originally Posted by MoneyGuy

The market tends to lead the economy by about 6-8 months. So, if you feel that the economy will turn around in half a year, then based on history now would be the time to be buying.

I would also suggest that the economy (at least in the US) has been in a slow decline for about a year now anyway....it didnt start last month, thats for sure.

Phanuthier · 10-24-2008, 07:14 PM

I think the DOW is hitting the bottom, but the NASDAQ and NYSE still have a bit to drop. When you look at the DOW, the past 2 weeks have seen bear market moves ("soars" and "crashes") but still remains in that 8000-8500 as investors still try and find the bottom.

I just started filling my portfolio with a bunch of DOW index stocks. I'm going to wait a bit on the NASDAQ and NYSE to slip a bit more (maybe a month? maybe a quarter?) before I buy in as I see jobs still getting lost and quarterly reports look grim. And closely following that, emerging market funds, ETFs and any sort of fund for foreign investments I will probably go in hard.

I'm thinking of my 100% portfolio, go 2-5% per stock (I have a list of 15-20 I like), 40% funds, and 10% safe investments. Which is pretty different for me considering I historically have 90% of my money in "safe" investments.

Slava · 10-24-2008, 09:08 PM

Quote:

Originally Posted by Nancy

Doh!

http://news.google.ca/news?hl=en&tab...ber%22+markets

I seriously didn't see that before, and was just trying to pick the cheesiest line I could think of off the top of my head!

btw that Peter Lynch quote above is actually a Warren Buffett quote...not that it matters.

Slava · 10-24-2008, 09:10 PM

Quote:

Originally Posted by MoneyGuy

I'm telling you guys. Five years from now you'll look back and wish you'd bought. If you've bought, you'll wish you'd bought more. When we reach bottom (whenever that is), you'll never see those prices again. This may not be bottom, but I'm convinced the above will prove to be true.

Absolutely true in my opinion. Look no further than some enormous companies with fantastic balance sheets whose stock has fallen by 35-45%....clearly phenomenal deals to be had these days.

Daradon · 10-24-2008, 09:17 PM

Quote:

Originally Posted by Slava

Absolutely true in my opinion. Look no further than some enormous companies with fantastic balance sheets whose stock has fallen by 35-45%....clearly phenomenal deals to be had these days.

I see the wisdom, for sure. Still think I'd hold off a little while longer. Think we might see the Dow round 7,000 yet.

Heck, it might be interesting to see the way the election pans out. That could have a large effect too. World confidence and such.