Stocks - The Best Buys 2

[jayswin]

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, you can sell but that time is before a major drop. If you see a major drop, it's already too late, just wait it out.

[jayswin]

Originally Posted by 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?

Likely too early, yes. Let the US completely **** up their handling of this virus with a president that's under the control of Putin who is making major moves to destabilize the west. Then pick a time during the US's contribution to the tanking market and buy in.

[afc wimbledon]

Asian markets open down another 2%

[bigrangy]

Originally Posted by DoubleK

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.

On the 28th but the price was for the following Monday, so I was just a day late to be a true genius, but at least it hasn’t bounced all the way back yet, I was feeling pretty stupid when it was up ~5% from when I sold mid last week.

Reading the link it seems like there’s a whole lot more in micro fees for index fund investing than for mutual funds, but the management fund is still a fee of course. It would be nice to get the simplicity of a mutual fund that just buys index funds and charges appropriate fees haha.

[Cecil Terwilliger]

Originally Posted by bigrangy

Reading the link it seems like there’s a whole lot more in micro fees for index fund investing than for mutual funds, but the management fund is still a fee of course. It would be nice to get the simplicity of a mutual fund that just buys index funds and charges appropriate fees haha.

You mean like an index portfolio? Such a thing exists. Has rebalancing and mixed asset allocations just like a mutual fund. It’s just as “set it and forget it” as any mutual fund.

[flames_fan_down_under]

Originally Posted by bigrangy

On the 28th but the price was for the following Monday, so I was just a day late to be a true genius, but at least it hasn’t bounced all the way back yet, I was feeling pretty stupid when it was up ~5% from when I sold mid last week.

Reading the link it seems like there’s a whole lot more in micro fees for index fund investing than for mutual funds, but the management fund is still a fee of course. It would be nice to get the simplicity of a mutual fund that just buys index funds and charges appropriate fees haha.

Well mutual funds generally sit at about a 2% MER and lots of ETS sit around 0.2 -> 0.5 % MER which is a pretty large difference in long terms gains.

Anyways I think what you're looking for is something more along the lines of what Questrade (and a lot of other outfits) offers with their ETF Portfolios. They re-balance and reinvest dividends so they're basically a set it and forget it style investment, like a mutual fund, but their MERs are 0.25% and the ETFs generally top out at 0.2% so you're really only at 0.45% total MER.

[Hemi-Cuda]

Not sure if this belong in this specific thread, but not sure where else to ask. We're currently in the middle of house hunting with our condo on the market, and we were just contemplating lowering the price on it to sell it quicker and get a house. Now I'm not so sure, with the pandemic and oil price wars that seems like a pretty good recipe for another recession. I originally bought this condo in 2007, and a year later lost 30% of my value overnight when the '08 crash happened. I really don't want to repeat that mistake with an asset twice the cost


Would you consider buying a house right now, or waiting until later in the year to see what happens?

[you&me]

Originally Posted by Hemi-Cuda

Not sure if this belong in this specific thread, but not sure where else to ask. We're currently in the middle of house hunting with our condo on the market, and we were just contemplating lowering the price on it to sell it quicker and get a house. Now I'm not so sure, with the pandemic and oil price wars that seems like a pretty good recipe for another recession. I originally bought this condo in 2007, and a year later lost 30% of my value overnight when the '08 crash happened. I really don't want to repeat that mistake with an asset twice the cost


Would you consider buying a house right now, or waiting until later in the year to see what happens?

I’m content waiting on the sidelines before getting back into the housing market. The effects of this oil price slump will last a lot longer than the price slump itself, so (as a buyer) you should have plenty of time to shop for the right deal. Your situation is different in that you’re also selling; I’d be inclined to sell and rent in the interim until you find the home (and deal) you want comes along...

[Shazam]

Originally Posted by bigrangy

On the 28th but the price was for the following Monday, so I was just a day late to be a true genius, but at least it hasn’t bounced all the way back yet, I was feeling pretty stupid when it was up ~5% from when I sold mid last week.

Reading the link it seems like there’s a whole lot more in micro fees for index fund investing than for mutual funds, but the management fund is still a fee of course. It would be nice to get the simplicity of a mutual fund that just buys index funds and charges appropriate fees haha.

Take a look at vbal, xbal.

Not quite like a mut fund (no fractional shares, no auto-drip) but pretty close. Some brokeages let you buy them for free.

[DoubleF]

Originally Posted by Hemi-Cuda

Not sure if this belong in this specific thread, but not sure where else to ask. We're currently in the middle of house hunting with our condo on the market, and we were just contemplating lowering the price on it to sell it quicker and get a house. Now I'm not so sure, with the pandemic and oil price wars that seems like a pretty good recipe for another recession. I originally bought this condo in 2007, and a year later lost 30% of my value overnight when the '08 crash happened. I really don't want to repeat that mistake with an asset twice the cost

Would you consider buying a house right now, or waiting until later in the year to see what happens?

If you can live with the loss, I'd sell the condo. I think the pandemic and price wars are less of a concern. My concern is the absolute over supply on the market and more hitting the market which further lowers the prices of these units. I think even if there is an overall drop in housing prices, detached homes will fare OK, but townhouses and condos will skid will be much more.

I ran the numbers on my townhouse and rather than take the bath, I am converting it to a rental unit and I'll see how things are going in 3-4 years.


I think buying in now isn't a big deal for a detached home. Others are desperate to get out, so if you see something you truly like, you can be more aggressive on price that might slightly better reflect the market in 6 months. IMO it's like waiting for something to go on clearance. What you want might not be there once the prices bottom out. Instead because you're looking long term anyways, getting a good but not best deal is enough for a place that essentially meets your criteria vs waiting later and paying a lower price, but having to compromise on some of the things you want in your home.

Renting can also be simple. A friend of mine sold their home, put everything in storage and rented a furnished suite at Executive suites for 4-5 months during a vacation and house search. No need to move in and then unpack, then repack and move out.

[DoubleK]

For anyone still breathing into a paper bag, go back and look at the posts in this thread from late 2018.

Eerily similar to the last week.

[Slava]

Originally Posted by DoubleK

For anyone still breathing into a paper bag, go back and look at the posts in this thread from late 2018.

Eerily similar to the last week.

The posts might be similar, but to me there is a world of difference between the end of 2018 and what we're seeing today.

[Slava]

sorry, double.

[DoubleK]

Originally Posted by Slava

The posts might be similar, but to me there is a world of difference between the end of 2018 and what we're seeing today.

Thematically they are similar, but definitely agree the circumstances are very, very different.

The next two weeks are going to seem like an eternity.

[wpgflamesfan]

Originally Posted by DoubleK

For anyone still breathing into a paper bag, go back and look at the posts in this thread from late 2018.

Eerily similar to the last week.

Also go look at the Chinese markets. Almost back to where they were before their crash already...

[Madman]

Hopefully this ends sooner than later - simply for Slava's texting plan and personal sanity every morning when I hound him. (sorry slav)

[rain_e]

Bought some SU today for my energy gamble. I figure it's one of the safer bets that isn't a pipeline.

[Slava]

Originally Posted by Madman

Hopefully this ends sooner than later - simply for Slava's texting plan and personal sanity every morning when I hound him. (sorry slav)

Lol, unlimited texts FTW!

[afc wimbledon]

The market may stop falling but it wont bounce back, so I wouldn't worry about missing out, its going to hover at near to what ever the bottom is for months until what ever the effect of virus is becomes known, nothing any Government does will change that

[bluejays]

Originally Posted by afc wimbledon

The market may stop falling but it wont bounce back, so I wouldn't worry about missing out, its going to hover at near to what ever the bottom is for months until what ever the effect of virus is becomes known, nothing any Government does will change that

I think you're right. Where there may be definite upswings is if someone says they've come up with a potential vaccine. That small thing will make a world of a difference.