My safe account keeps defying the odds and continues to rise. The play account is stuck in an overbought average down situation so I'm just stuck in a holding pattern on three even stevens. As some more seasoned guys suggested it would.
Safe account is probably based on good accounting principles. That's awesome.
I feel your pain, I'm in a similar situation. "smart people" manage my real money, and I try to show em how it's done with my play money. For the first part of February I couldn't loose money if I tried, now I can't make money no matter how hard I try. At least I'm still up in the game.
Yeah, that's where probably 80% of my money is, an S&P index.
Do you mind if I ask which index fund?
It's also a good retirement plan. A 5% average div on a 1mill portfolio is 50k a year. And BC has the lowest tax rate for div income.
I looked at suncor but chose cenovus in january as I feel it has way more upside. cve bought husky very cheap and synergies will be ongoing for a bit, they expect 1b in 2021, su has a much higher divy as cve lowered theirs a while back but I expect it to increase a fair bit going forward. nothing wrong with suncor or cnq though. all my energy producers, and other commodity producers are all trades and not long term holds although the cycles can run for a few years, oil will be tricky but lumber should be good for a while.
Oh, not at all: I mostly buy VOO although I think SPY is basically identical.
I totally agree on CVE also they have that oil by rail facility in bruderheim they slole from canexus, lol, canexus had over 300m into it and sold it to cve for 75m. I also think it'll hit double digits. I worked in the chemical div. of cdn oxy, then spun off to be nexen (luckily it got taken out by the chinese as that gave a huge boost to our company savings plan, lol. canexus was spun out of nexen before the takeover so I was now with them but kept my nxy shares as they were too cheap to sell and finally taken over by the chinese
. we kept the same savings plan but our mgmt took on way too much debt and chemtrade came to the rescue. that industry savings plan is awesome, a lot of us did really well with it. every industry should have something similar as then everyone has a vested interest in the company doing well.
Rumblings of a rexall deal in place. I’m holding this one for foreseeable future.
Bought more today
Waiting. Waiting. Waiting. Old faithful Odlum Brown is killing me this past month. Still up from my entry but profit down 50% from its high. But when these go!!!
