Stocks - The Best Buys 2

[Table 5]

For those who are buying bitcoin, what's your preferred exchange and way of buying? Trying to minimize fees, and maximize convenience.

[TorqueDog]

Originally Posted by manwiches

Holy crap. That is truly horrifying. At least he's being made whole. lol. I've heard nightmares about Interactive Brokers and Robinhood. I wished I was a US citizen, then I could trade with Webull.

I'd be on Tastyworks so fast if it was available here.

[bizaro86]

Originally Posted by manwiches

Holy crap. That is truly horrifying. At least he's being made whole. lol. I've heard nightmares about Interactive Brokers and Robinhood. I wished I was a US citizen, then I could trade with Webull.

Interactive Brokers is pretty much the opposite of Robinhood in just about every possible way.

[Samonadreau]

Originally Posted by Table 5

For those who are buying bitcoin, what's your preferred exchange and way of buying? Trying to minimize fees, and maximize convenience.

GBTC is tradable stock that acts like an ETF. Probable the closest thing without actually owning bitcoin.

[Table 5]

Quite the day again.

Originally Posted by Samonadreau

GBTC is tradable stock that acts like an ETF. Probable the closest thing without actually owning bitcoin.

Thanks, although I actually own a little bit already. I was mainly wondering what other people are doing in terms of buying actual bitcoin.

[Samonadreau]

Originally Posted by fleury

There's no new news really, and while I don't believe the market truly understands the vastness of this pandemic, I bought a bank today to look to swing about an 8% gain in the next few weeks. Again, I don't believe in the market in the next few months, but I believe in the very near term businesses reopening should help the markets a little bit. I think the recovery will be slow though.

Nice play sir

[bluejays]

Originally Posted by Samonadreau

Nice play sir

Hold your horses. I bought it on the tsx. I’d have honestly sold yesterday but the markets were closed. This morning the stock heavily retreated. If I sold now I’d maybe gain 1%. Yesterday about 6-7%. We’ll see over the next coming days.

[bizaro86]

Originally Posted by fleury

Hold your horses. I bought it on the tsx. I’d have honestly sold yesterday but the markets were closed. This morning the stock heavily retreated. If I sold now I’d maybe gain 1%. Yesterday about 6-7%. We’ll see over the next coming days.

You can sell stock you bought on the TSX on the NYSE. I've done it both ways for Norberts Gambit (to exchange currency) but it also works to access markets when one is closed.

[bluejays]

Originally Posted by bizaro86

You can sell stock you bought on the TSX on the NYSE. I've done it both ways for Norberts Gambit (to exchange currency) but it also works to access markets when one is closed.

I’ve used Norberts Gambit for foreign exchange (DLR.U/DLR.UN) but the process of journaling is a few days with Questrade. So say I buy blackberry on the TSX, what is the process for selling it on the NYSE on a day where the TSX is closed??

[bizaro86]

Originally Posted by fleury

I’ve used Norberts Gambit for foreign exchange (DLR.U/DLR.UN) but the process of journaling is a few days with Questrade. So say I buy blackberry on the TSX, what is the process for selling it on the NYSE on a day where the TSX is closed??

I dont have Questrade, but I've done it with multiple other brokers. You may need a margin account depending on how questrade does it. Just enter a sell order for your shares using the NYSE symbol on the NYSE.

RBC Direct gives you a warning that you've sold in a different currency account than you own the shares, and will process the journaling automatically, but not until the trade settles.

Other brokers might treat it as a short sale, but just have the long position journaled over right away. It will eat up some margin until they do that.

I tend to do Norberts gambit with the big bank shares instead of DLR, because the bid-ask spreads are lower. I do the buy and sell simultaneously to avoid any price slippage.

[bluejays]

Thanks. I’ll give that a shot some time. I didn’t you I was able to do that. Cool!

[manwiches]

Anybody invested in Chinese securities, be careful.

https://twitter.com/FirstSquawk/stat...699851777?s=20

SENATE PASSES BILL AIMED AT BOOSTING OVERSIGHT OF CHINESE COS, BILL COULD REQUIRE CHINESE COS. TO DELIST FROM U.S. EXCHANGES, AND ALSO BILL WOULD REQUIRE COS. TO CERTIFY NO FOREIGN GOVT. CONTROL

Essentially, companies could be delisted from the exchange.

[Classic_Sniper]

Anyone else looking at good mid cap O&G's to buy up with the recent surge?

[manwiches]

Originally Posted by Classic_Sniper

Anyone else looking at good mid cap O&G's to buy up with the recent surge?

I'm investing in a couple, including Enbridge and IPL. I've been slowly putting money into Enbridge from my TFSA. Their dividend is really good (8.5 % i believe), and their stock has been really cheap the past couple months. It's climbed since, but that dividend is really inviting.

My thoughts are even if oil crashes, the world will always need pipelines regardless, so my investment in Enbridge is safe. Crossing my fingers Biden isn't elected. haha

I won't touch O and G though in my trading though. I think I'm too biased and optimistic to trade O and G stuff, so I end up bag holding.

[Fuzz]

Originally Posted by manwiches

I'm investing in a couple, including Enbridge and IPL. I've been slowly putting money into Enbridge from my TFSA. Their dividend is really good (8.5 % i believe), and their stock has been really cheap the past couple months. It's climbed since, but that dividend is really inviting.

My thoughts are even if oil crashes, the world will always need pipelines regardless, so my investment in Enbridge is safe. Crossing my fingers Biden isn't elected. haha

I won't touch O and G though in my trading though. I think I'm too biased and optimistic to trade O and G stuff, so I end up bag holding.

I thought with Boomers retiring senior care facilities were a good bet long term. What could possibly go wrong there? I thought. Super safe investment. I did not, however, anticipate COVID. Whoops. There is always some unforeseen thing that turns a safe bet into a crappy one.

[Krovikan]

I'm planning on selling my last O&G positions soon, not add to them. Too much uncertainty in OPEC and US Shale.



Sent from my Pixel 2 XL using Tapatalk

[GGG]

If you work in Calgary your house and job are tied to oil in some form. To me investing additional dollars in oil is poor diversification.

[bomber317]

Originally Posted by manwiches

I'm investing in a couple, including Enbridge and IPL. I've been slowly putting money into Enbridge from my TFSA. Their dividend is really good (8.5 % i believe), and their stock has been really cheap the past couple months. It's climbed since, but that dividend is really inviting.

My thoughts are even if oil crashes, the world will always need pipelines regardless, so my investment in Enbridge is safe. Crossing my fingers Biden isn't elected. haha

I won't touch O and G though in my trading though. I think I'm too biased and optimistic to trade O and G stuff, so I end up bag holding.

Be wary of the Dividend trap. Nevermind an Energy Related divided stock.

I find growth stocks more appealing for someone in your Age range. Sure you can make the 8.5% per annum dividend, or you can look at other growth stocks that while carry more risk can return a much higher rate over the long run.

If you have to stick to Canadian stocks, look at Shopify. Yes, the chart is insane this year, however their business still has a lot of growth potential. Even Constellation software is good bet.

[Samonadreau]

TD and RBC. May be a downturn in the near future but for Canadian investments you can get a safe 6% gain with a 5% dividend averaged long term.

Edit: Really nice in the TFSA

[GKDarts]

Originally Posted by Samonadreau

TD and RBC. May be a downturn in the near future but for Canadian investments you can get a safe 6% gain with a 5% dividend averaged long term.

Edit: Really nice in the TFSA

I was looking at the banks...why do you prefer TD and RBC to BNS/BMO/CIBC?

Thanks!