Having some major FOMO after selling my APHA and WEED 3 weeks ago. Sold APHA at 12.83 for 108% gain and my WEED at 41.00 for 168% gain, but they keep going up. Unsure of whether to get back into APHA and see it through the merger with TLRY or not. A little tougher of a decision after a +17% day.
1 month later, and my FOMO is easing...
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Are we seeing some return to normalcy in the markets? Ie. all of the speculative stocks not based on fundamentals are all virtually in free fall while the larger blue chip stocks are holding value or increasing?
Its possible what we are seeing is retail panic and retail was propping up a lot of these speculative stocks.
Yeah, pretty much. My speculative holdings are getting crushed right now (~3% of my portfolio) but my other investments are doing ok. CNQ doing great for example.
It's tough to not get caught up in the hype sometimes. Every media source is pumping all of these huge wins with Spec Stocks and it starts modifying my plan... I'm at 20% Spec, 10% Cash, 70% Long. Not very disciplined...
There's a basis for the collapsing spec market at the moment, so I'm resisting the temptation to buy in or average down. The rule "don't throw good money after bad" is in play right now IMO.
I'll revisit the spec stocks again this summer when things hopefully settle down, but until then will be paying attention to more reliable stocks, including a number of stable high dividend payers.
Much more boring but - unless the spec market gets a bounce from the US stimulus package going through - I don't see much to cause it to spike again in the near term.
There's a basis for the collapsing spec market at the moment, so I'm resisting the temptation to buy in or average down. The rule "don't throw good money after bad" is in play right now IMO.
I am learning this the hard way. Probably not going to do much until I see some real value in the sectors I know.
__________________ It's only game. Why you heff to be mad?
There's a basis for the collapsing spec market at the moment, so I'm resisting the temptation to buy in or average down. The rule "don't throw good money after bad" is in play right now IMO.
I'll revisit the spec stocks again this summer when things hopefully settle down, but until then will be paying attention to more reliable stocks, including a number of stable high dividend payers.
Much more boring but - unless the spec market gets a bounce from the US stimulus package going through - I don't see much to cause it to spike again in the near term.
I'm slowly building a passive income portfolio of CDN dividends stocks in a taxable account. So any recommendations from you or anybody else would be appreciated. Moneysense has their list: https://www.moneysense.ca/save/inves...vidend-stocks/
I'm slowly building a passive income portfolio of CDN dividends stocks in a taxable account. So any recommendations from you or anybody else would be appreciated. Moneysense has their list: https://www.moneysense.ca/save/inves...vidend-stocks/
Probably be better with banks over utilities in a rising rate environment.
I have a position in Chemtrade which is an industrial chemical supplier. Yeild about 8% give or take. Not profitable, but has been growing revenues.
__________________ It's only game. Why you heff to be mad?
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I'm slowly building a passive income portfolio of CDN dividends stocks in a taxable account. So any recommendations from you or anybody else would be appreciated. Moneysense has their list: https://www.moneysense.ca/save/inves...vidend-stocks/
Ones I think are a good buy at their current valuations are BCE, CEE, ENB, PPL, SU, CU, BPY.
CEE has been battered along with lots of the little guys and gold stocks, and has an issue with their major mine that needs an eye kept on it, but they may be close to bottoming and their dividend should be sustainable.
BPY has limited up and downside, so it's really a dividend collector. I think CU is pretty similar, and SU might have limited near-term upside too.
ENB I still see as having upside and, of the bunch, is the one I'm most likely to add.
There are also a bunch of REITs with good dividends like BTB and SRU, but I'm not sure what will happen with those.
And, of course, there are many stocks with lower dividends that may offer some stability and upside right now.
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Why does ENB have an upside and SU has a limited upside?
For the simple reason that SU has doubled since I bought it and I'm not that lucky!
ENB on the other hand has been pretty flat for ages and isn't miles from its likely floor IMO.
I should have mentioned in my earlier post that stock trading is hardly my forte either (though I'm more at home with passive dividend investing than active spec trading).
I've done this a few times and takes years to recover... just did it again.
CBDT got a bit too much attention on here, I bit and kept re-buying. It is now one of my largest and worst holdings...
I buy the safe bets on the smaller dips and then if things fall off a cliff go after the higher risk ones. Nobody has a crystal ball though, if we did we'd all be billionaires.
Bitcoin's biggest flaw isn't some solar flare or anything like that. It's the massive power consumption that rivals some countries in a carbon constrained world.
I agree. It's a needless environmental disaster and I stay out on principle.
