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- Thread starter Rain City
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wildmanyeah
Crew Member
Still going strong!
Maxpri
Well-Known Member
If you don’t need the money, don’t sell!
hippaisland
Well-Known Member
Yup. Believe Q1 results will come out next month. I’m holding.
QYOU been gaining bit of steam here. Getting a lot of viewership over in India! Was tempted to pick up a few more shares as I’m kind of kicking myself for not buying more at 10.5c.
Keep an eye on DEAL. Picked up a few more shares today.
Rain City
Crew Member
My wife bought DEAL today because I'm holding the bag on LTE and MDX. Kept selling everything to average those down over the past two months. The glory days have passed for me it seems. Basically back to square one from when I started lol. But you wait!!!...
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wildmanyeah
Crew Member
what do you guys think buying into an ETF of the Inverse of the S&P 500 as a hedge.
something like https://finance.yahoo.com/quote/SH/
something like https://finance.yahoo.com/quote/SH/
cracked_ribs
Well-Known Member
Personally, I don't like it as a hedge. A lot of those inverse funds are super unstable and don't last.
I think they make more sense as a jump in - jump out move.
I think they make more sense as a jump in - jump out move.
wildmanyeah
Crew Member
yeah they are short term, but how many on here were playing all thoes little meme stocks for short term nut much difference
cracked_ribs
Well-Known Member
Right, but generally if someone talks about a hedge I would treat that as a longer term strategy, which I also think is a bad idea for meme stocks.
I.e. I like it as a trade, I don't like it as an investment, if that makes sense. Personally when I think about a hedge, what I'm looking for is something that probably won't make me a pile of money but it also won't depreciate, and maybe it'll keep pace with inflation or something, and I'm going to put 20% of my funds in it because I think things are getting dicey out there. It's not an investment but it's more of a component of investment strategy, or wealth management strategy - that's how I look at it at least.
I wouldn't do that with an inverse fund, buy it and hold on. But for a fast trade, yeah, definitely, if you've got the nerve there's lots of money to be made there.
I.e. I like it as a trade, I don't like it as an investment, if that makes sense. Personally when I think about a hedge, what I'm looking for is something that probably won't make me a pile of money but it also won't depreciate, and maybe it'll keep pace with inflation or something, and I'm going to put 20% of my funds in it because I think things are getting dicey out there. It's not an investment but it's more of a component of investment strategy, or wealth management strategy - that's how I look at it at least.
I wouldn't do that with an inverse fund, buy it and hold on. But for a fast trade, yeah, definitely, if you've got the nerve there's lots of money to be made there.
Corey_lax
Crew Member
Is anyone just daily trading these days? Seems all my stocks go down huge in the morning and go back up almost to what they are at the end of the day. Should I just designate some time to buy and sell constantly? Sell at the end of the day and buy in the morning would have worked out well for me in the last few weeks but I don't spend any time day trading.
UkeeDreamin
Well-Known Member
Been of the same mind but more curious about taking advantage of the fact the tsx‘s swift and strong “post-pandemic” (can’t really call it post as recovery started before and continued through the 2nd & 3rd waves) recovery has slowed/levelled-off of late, while our dollars usd value has gained 12c in the last year and is at a decade+ high 82c. So, what do the savvy SFBC investors do to take advantag, particularly if you bought in to tsx stocks near the bottom of the 2020 crash? Enquiring minds (aka timid investors) wanna know!
Cheers!
Ukee
PS - not that I’m ungrateful for the gains made and the nice dividends from good tsx stocks!
Cheers!
Ukee
PS - not that I’m ungrateful for the gains made and the nice dividends from good tsx stocks!
UkeeDreamin
Well-Known Member
Any one else hold LIF (Labrador iron ore) or DIR.UN (Dream Insustrial real estate trust)? Both have performed real nicely for me and the dividends, 9% and 5% yields at current price, respectively, have made them pretty nice additions to my portfolio.
Cheers!
Ukee
Cheers!
Ukee
fish brain
Crew Member
Well that was a swing and a miss, well actually more like a foul ball, a pit of a pop up, and out of play.
Corey_lax
Crew Member
When you first posted it, I checked and it was down like 10%. I was hoping you had bought that day.
I Don’t know how the rest of your portfolio is going but today was a pretty good day for me for once in the last few weeks
fish brain
Crew Member
I bought the day before at $4.15 it went up to $6.22 before coming back down. With all the uncertainty it should be staying higher than it is, but nothing in the markets makes sense to me right now.
The rest of my portfolio is still off of it's all time high back in February. I am sitting on about half in cash until I get a clear buy signal.
ab1752
Crew Member
As in lte.v? I've been holding this pig for ages, I'm waaaaay underwater. I know one of the guys who was leading them through one of their financing and in a fit of vodka fueld fomo rage, I threw 40,000 at this pig oops.
ab1752
Crew Member
I think the tech pause earlier this week is going to settle things out a bit. I finally made my 170 sell strike point on jnj which took longer but I'm happy and plowed it all into gold haha
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