Stocks - The Best Buys 2

[Torture]

Originally Posted by Johnny199r

Public service reminder: don't panic and sell. Your stocks will go up again someday. Maybe in a month, maybe in a year, maybe in 3 years. Don't sell and take a loss due to panic. Don't check your portfolio value.

Yep. If you're investing for the long term this shouldn't change anything.

[sa226]

Yeah, my retirement horizon is still 20plus years so I'm oddly at ease.

If anything despite losing a decent percentage I'm happy with my diversification that is propping up my portfolio.

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[OMG!WTF!]

I think another PSA is to remember what this panic selling looks like and then recognize the same when it comes to exuberant buying. The highs of mid Feb were short term loans and looked just as crazy as the drop does today. 3000 was coming up virus or no virus.

[afc wimbledon]

Originally Posted by OMG!WTF!

I think another PSA is to remember what this panic selling looks like and then recognize the same when it comes to exuberant buying. The highs of mid Feb were short term loans and looked just as crazy as the drop does today. 3000 was coming up virus or no virus.

this is the problem with Trump pumping up the market with borrowed tax breaks, the fed should have been cooling it off not letting it rise back in 2017

[Fuzz]

I'm just kicking myself for not selling a few stocks that were borderline time to unload. Would love to have that cash to buy into some of the big drops. I've got a bit to spend, but not as much as I could have.

[DoubleK]

Originally Posted by Johnny199r

Public service reminder: don't panic and sell. Your stocks will go up again someday. Maybe in a month, maybe in a year, maybe in 3 years. Don't sell and take a loss due to panic. Don't check your portfolio value.

Especially don't look if you switched brokers and changed from Mutual Funds to ETFs in January like I did.

The percent return doesn't mean anything. Sucks you lose all that history but whatever.

[CaptainYooh]

I have lost faith in any presumption of knowledge being offered by financial services industry to a general investor. I wanted to cash out and sell everything out of precaution after hearing the first news about the virus and seeing 5% reduction in my portfolio value. They said no, hold on, it'll rebound. Second waive, 12% down, no, hold on, selling now is even more dumb than selling two weeks ago. I am 35% down today. I don't even blame them, honestly. What for? They have no clue. F...k me for being naive.

[chedder]

Originally Posted by CaptainYooh

I have lost faith in any presumption of knowledge being offered by financial services industry to a general investor. I wanted to cash out and sell everything out of precaution after hearing the first news about the virus and seeing 5% reduction in my portfolio value. They said no, hold on, it'll rebound. Second waive, 12% down, no, hold on, selling now is even more dumb than selling two weeks ago. I am 35% down today. I don't even blame them, honestly. What for? They have no clue. F...k me for being naive.

If you are down 35% you have a high risk portfolio. S&P500 is down 18.6 right now from Feb 19 high. Too many oil stocks?

[chemgear]

Down 35% just today or since the market started reacting to COVID?

[Torture]

Originally Posted by CaptainYooh

I have lost faith in any presumption of knowledge being offered by financial services industry to a general investor. I wanted to cash out and sell everything out of precaution after hearing the first news about the virus and seeing 5% reduction in my portfolio value. They said no, hold on, it'll rebound. Second waive, 12% down, no, hold on, selling now is even more dumb than selling two weeks ago. I am 35% down today. I don't even blame them, honestly. What for? They have no clue. F...k me for being naive.

Join the index fund gang and ditch the financial services industry.

Mine are down big time as well of course, but I don't care, I'm not retiring for 20-30 years from now.

[CaptainYooh]

Originally Posted by chedder

If you are down 35% you have a high risk portfolio. S&P500 is down 18.6 right now from Feb 19 high. Too many oil stocks?

Not today, cumulatively. And no, I do not have highly speculative stocks at all. Fairfax, 35% down in one year. Freakin' Fairfax! That used to be a definition of the low-risk stock. Scotiabank, 21% down in one year.

[V]

I have a whole bunch of cash because I’m lazy and never got around to buying more VFV shares, and the price kept creeping up until I figured it had to correct. Might be time to buy in, although maybe it’s too early?

[DoubleK]

Originally Posted by OMG!WTF!

I don't like posting charts cause it's still considered voodoo. But it helps to see the big picture. This charts starts in 2009 at the bottom of the financial crisis 11 years ago. On Friday we were still above what would be considered normal for the last decade. Now we're right in the middle of the channel at 275. I suspect we'll fall to the bottom of the channel. We'll probably start seeing some better virus news and then continue to meander up the well established price channel. If we fall out of the channel, below 260 we're likely in for some prolonged suffering.

So much this. If the S&P 500 blows through 2500 that really changes the narrative.

[bigrangy]

Originally Posted by Torture

Join the index fund gang and ditch the financial services industry.

Mine are down big time as well of course, but I don't care, I'm not retiring for 20-30 years from now.

How does one join index fund gang?

I sold out of my mutual funds last friday to go cash, and while I could now buy back in to the same fund (for less than I sold it for due to the down day today), they don’t keep up to the S&P 500 too well.

Can you put an index fund in a TFSA?

[Torture]

Originally Posted by bigrangy

How does one join index fund gang?

I sold out of my mutual funds last friday to go cash, and while I could now buy back in to the same fund (for less than I sold it for due to the down day today), they don’t keep up to the S&P 500 too well.

Can you put an index fund in a TFSA?

Yes you can hold index funds in a TFSA.
https://canadiancouchpotato.com/getting-started/

[Dion]

Last year I had a gain of 14% on my portfolio. I'm also in a medium risk category and will lose some of that gain due to COVID. Overall i'm not panicking and am prepared to ride out the storm.

[DiracSpike]

I've completely given up hope that this is anything other than a giant ####storm with like 40% downside from here.

[DoubleK]

Originally Posted by bigrangy

How does one join index fund gang?



I sold out of my mutual funds last friday to go cash, and while I could now buy back in to the same fund (for less than I sold it for due to the down day today), they don’t keep up to the S&P 500 too well.



Can you put an index fund in a TFSA?

March 6 or February 28?

In either event, you are a genius.

There are lots of tips on setting up a Questrade account in this thread.

The couch potato link above has good suggestions on what ETFs to buy. Look up the model portfolio that's fits your risk profile and have at it.

I will point out that Questrade is more work than I originally thought. It's not as "set it and forget it" as mutual funds are.

[Bill Bumface]

I know you shouldn't time the market, but suppose you've gotten lucky doing so this time around and are sitting on a good amount of $USD cash in an RRSP account as a result.

What's the game plan here? Dumping it all back in now seems stupid. I was considering setting a timeline of several months and just buying some indexes on an instalment plan to ride this all down (or up).

[wwkayaker]

I had cash on hand and I bought some shares today. I used about 40% of my available cash. I plan to make several purchases over the next while. I don’t know when my next purchase will be but I do have a list of companies I have researched and want to buy if the prices come into my price point. I had some anxiety making the purchases today.