Stocks - The Best Buys 2

[Bigtime]

Originally Posted by Looch City

Jesus ####, I don't want to open my portfolio this morning.

Don't...

[Leondros]

For anyone panicking, I know its difficult and emotions run high when looking at all this red. The worst thing you can do is not follow your investment plan. Do not panic and do not lock in these losses - that's the worst thing you can do. If you had a proper asset allocation for your age and financial needs you will be able to weather this storm far longer than this chaos will continue.

[TorqueDog]

I bought late-April expiry put options on all my U.S. holdings on April 1st when the market wasn’t yet reacting to the tariffs (probably were skeptical he would actually do it this time) and they looked decent yesterday, but today they are printing.

Originally Posted by photon

I've got a bunch of cash this time around, need to figure out what to spend it on when things start to recover.

Here’s how I’ve been allocating mine in the Canadian market, with a DRIP in place:

XCNS - 26% - iShares’ Conservative Balanced ETF 40% Stock / 60% Bonds
VEQT - 26% - Vanguard All-Equity ETF
ZGRO-T - 28% - BMO’s Growth ETF but with a monthly distribution cadence instead of quarterly. Less capital appreciation but the yield and compounding with a DRIP more than make up for it over the long term.

The remaining 20% is to play with and try some higher risk strategies.

[Jason14h]

Short(ish) term drop or heading to a lost decade like the .com crash …….

[Torture]

Originally Posted by Looch City

Jesus ####, I don't want to open my portfolio this morning.

I'm opening it just for the lols.

[PeteMoss]

im poor now

[Leondros]

Originally Posted by TorqueDog

I bought late-April expiry put options on all my U.S. holdings on April 1st when the market wasn’t yet reacting to the tariffs (probably were skeptical he would actually do it this time) and they looked decent yesterday, but today they are printing.Here’s how I’ve been allocating mine in the Canadian market, with a DRIP in place:

XCNS - 26% - iShares’ Conservative Balanced ETF 40% Stock / 60% Bonds
VEQT - 26% - Vanguard All-Equity ETF
ZGRO-T - 28% - BMO’s Growth ETF but with a monthly distribution cadence instead of quarterly. Less capital appreciation but the yield and compounding with a DRIP more than make up for it over the long term.

The remaining 20% is to play with and try some higher risk strategies.

Given my huge exposure to S&P 500 ETFs I did the same in January. I calculated my per dollar exposure and loaded up on September 2025 $550 SPY Puts to hedge about 50%. I sold them all this morning to lock in the gains 345% up. It was a fairly effective hedge as by my calculation my ETFs dollar wise were offset roughly 48% by the Puts.

[Wastedyouth]

Originally Posted by PeteMoss

im poor now

No you aren't, just keep buying, in the long run you will be up.

Edit: I hope....

[PaperBagger'14]

Gonna pull the trigger on some boring ETF like VEQT sometime today, the drops on large market ETFs are wild.

[Firebot]

Originally Posted by Jason14h

Short(ish) term drop or heading to a lost decade like the .com crash …….

Trump went golfing saying Powell will fix things for him, and Powell just said #### I'm not budging for a looney.

Samuel Jackson 8 ball says, hold on to your butts.

[opendoor]

I'm just amazed at how much the market seems to have underestimated Trump doing dumb **** once he got into office. The guy calls himself "Tariff Man" and talks about how much he admires President McKinley, but investors are surprised when he announces tariffs and starts trade wars?

Yeah there was always the chance that it was all a bluff and they'd never come to pass, but that's still a possibility even now.

[Slava]

Originally Posted by opendoor

I'm just amazed at how much the market seems to have underestimated Trump doing dumb **** once he got into office. The guy calls himself "Tariff Man" and talks about how much he admires President McKinley, but investors are surprised when he announces tariffs and starts trade wars?

Yeah there was always the chance that it was all a bluff and they'd never come to pass, but that's still a possibility even now.

Well, this view is always going to come out when he levied the tariffs. Had he not put them in, all we would've heard was that this was a negotiating ploy and "the Art of the Deal" non-stop.

[Izzle]

Originally Posted by PeteMoss

im poor now

Nope... You're "winning" now

[opendoor]

Originally Posted by Slava

Well, this view is always going to come out when he levied the tariffs. Had he not put them in, all we would've heard was that this was a negotiating ploy and "the Art of the Deal" non-stop.

Sure, but they're not even in place yet; this is a reaction to an announcement that had been scheduled for over a month.

In my mind at least, the difference between what he could have reasonably been expected to announce and what he did announce certainly isn't enough to wipe out 11% of the stock market in 2 days. He was always going to announce something stupid.

[Leondros]

Originally Posted by opendoor

Sure, but they're not even in place yet; this is a reaction to an announcement that had been scheduled for over a month.

In my mind at least, the difference between what he could have reasonably been expected to announce and what he did announce certainly isn't enough to wipe out 11% of the stock market in 2 days. He was always going to announce something stupid.

Speaking to Goldman and JP Morgan this morning both their ultimate bear models had far lower tariffs than what was actually presented. Not only that, their models did not predict such drastic tariffs on so many countries integral to US consumer products. The fact Taiwan (ignoring the fact that the US actually formally recognized them as a country on that board) was on there and a key strategic partner for the US in terms of national security and military was also a shock. The plan was just not well thought out by all metrics.

[Slava]

Originally Posted by opendoor

Sure, but they're not even in place yet; this is a reaction to an announcement that had been scheduled for over a month.

In my mind at least, the difference between what he could have reasonably been expected to announce and what he did announce certainly isn't enough to wipe out 11% of the stock market in 2 days. He was always going to announce something stupid.

Yeah, and all my point is, is that "we" were going to hear how people knew it all along, no matter how things transpired. I know full well that if there were no tariffs implemented (and maybe they're not even happening; we will see what happens), we would hear about how this was a negotiating tactic, and people would know it all along. Now we see the tariffs announced and ostensibly come to bear, and we hear, "Well, he told you that he would, so how can you not be prepared?"

It's the classic no-win scenario for asset managers.

[opendoor]

Originally Posted by Leondros

Speaking to Goldman and JP Morgan this morning both their ultimate bear models had far lower tariffs than what was actually presented. Not only that, their models did not predict such drastic tariffs on so many countries integral to US consumer products. The fact Taiwan (ignoring the fact that the US actually formally recognized them as a country on that board) was on there and a key strategic partner for the US in terms of national security and military was also a shock. The plan was just not well thought out by all metrics.

No, it was certainly not well thought out. But the tariff revenue numbers they were throwing around well before the April 2nd announcement required a ridiculous level of tariffs, something to the tune of 15%. And from what I'm reading, that's about where the weighted effective tariff rate on all imports ends up with what they announced.

[flylock shox]

Originally Posted by Leondros

Speaking to Goldman and JP Morgan this morning both their ultimate bear models had far lower tariffs than what was actually presented. Not only that, their models did not predict such drastic tariffs on so many countries integral to US consumer products. The fact Taiwan (ignoring the fact that the US actually formally recognized them as a country on that board) was on there and a key strategic partner for the US in terms of national security and military was also a shock. The plan was just not well thought out by all metrics.

I think it's perfectly well thought out if it's the Kremlin doing the thinking.

Usually the rule is to never ascribe to malice what can equally well be explained by incompetence, but in this particular instance I think we need to be careful not to declare incompetence when there is evidence of malice.

If you take that view, just about everything the US has done in the past 2.5 months starts to make sense.

[Manhattanboy]

Instead of a bear market can we call it a buffoon market in honour of the idiot in chief?

[Nancy]

Bitcoin is off by 7% today. That can't be a good omen.