wildmanyeah
Crew Member
Just business as normal collecting the dividend and carrying on.
Hot stock tips
- Thread starter Rain City
- Start date
chromatose007
Well-Known Member
Get OUT NOW! April 1st won't be a joke
cracked_ribs
Well-Known Member
I'm just adding to cash reserves and index funds for the moment. Index funds I always buy; I have a monthly scheduled purchase in an RRSP account and that just chugs away and I don't give it any thought. Everything else is just going cash into my TFSA while I wait to see something with enough volatility that I want to take a swing at it, or I hear a rumour that I think will catch on. For those fast trades I often don't care much about the validity of the rumour, just how likely I think it is to catch fire. I don't try to pull giant amounts of cash out, I just like to get in and out early while optimism is high. But I have to be really focused on the problem to keep my ear to the ground enough to catch the good rumours early and right now I'm mostly tied up with finding ways to get blue paint off my hands at the end of the day.
Deewar25
Well-Known Member
note on HMBL, it is about the worst diluted pig on the whole otc and I see no way this doesn't end up under $1 by end of summer. Simply put, 3.8 billion cap? On what? 3 million in sales? To actually justify this current valuation, they would need a minimum 200 million in sales! The ringleader George Sharp is a con artist - originally took all promoters to court to make $$ (cried that their mailers showed up in his inbox and caused him financial harm each time), and now he just runs his own scams. Bottom line, fair value, tops 0.1...so for it to be where it is, is nothing but pure gamble. What does one hope for? A double from here? Does a 7.5 billion$ company make sense? That is the same as OMF similar company with 2.5 billion in revenue and 730 million in profit. Pretty far fetched and will be doomed at some point (its a game and there will be an end game here).
Just a fair warning having been around penny stocks for 20 years!
ChilliSpoons
Well-Known Member
I’ve held onto Cenovous for about 10 years taking quite a bath. Still waiting for that upside that has yet to materialize.
ChilliSpoons
Well-Known Member
Like you my safe accounts are with Odlum Brown. Over the past 15 years the gains haven’t been massive but I’ll take the average of +10% interest in the time.
Rain City
Crew Member
You're not with Bill are you? On the off chance.
RiverBoy
Well-Known Member
Cat food. always about the cat food. That will be five hundred dollars please. or 900 cans of “Special Kitty.”
tubber
Well-Known Member
You're already making 20% with the grant, so we kept it safe with some conservative mutual funds from "Mom and Dad's guy".
It worked out just fine, especially when our kid earned academic and athletic support money, plus the work-study/paid internships SFU engineering students do left him with a good degree and no debt.
There are many types of schooling and training to spend RESP money on, so it makes a lot of sense to get it set up.
It worked out just fine, especially when our kid earned academic and athletic support money, plus the work-study/paid internships SFU engineering students do left him with a good degree and no debt.
There are many types of schooling and training to spend RESP money on, so it makes a lot of sense to get it set up.
ChilliSpoons
Well-Known Member
No, I deal with the location in the Wack. Super great people to deal with.
fish brain
Crew Member
What are you in that is giving you a 10% interest return?
ab1752
Crew Member
Ya man, sign me up...DS is doing OK and I think my general account was 9.8% last year on the whole which was awesome. That's an outlier as I had a heavy weight in tech that killed it during the midst of covid.
Rain City
Crew Member
All depends on your entry point I guess. My OB account is up 27% on it's 1 year anniversary. He actually held the majority of it in a 3 month and 6 month savings thingy just to wait out the storm which in hindsight cost me a TON! Their policy is to not guess the bottom but to wait out a positive run. Sigh.
ChilliSpoons
Well-Known Member
Over those 15 years I’ve had a -28% year and years with over 30% gains. My investments cover a variety of over 30 different stocks. And with all this action and gains over the past few months they’ve elected to make very few changes.
The OB strategy has always been not to chase the stock market but to buy stocks from what they deem to be quality companies.
ChilliSpoons
Well-Known Member
Who do you guys like to follow online in regards to investment advice or current market conditions? I’m not a Twitter guy and it sounds like Reddit is flooded with wannabes. I’m wanting to jump into the market with a few self directed bucks and would like to make my guesses at least somewhat educated.
Rain City
Crew Member
I follow the kid at the lumber yard or the dude that cleans the Jiffy John. Fail safe.
ChilliSpoons
Well-Known Member
Lol.
You just never know who has that winning hand.
