What are
/r/CanadianInvestor's
favorite Products & Services?
From 3.5 billion Reddit comments
The most popular Products mentioned in /r/CanadianInvestor:
The most popular Services mentioned in /r/CanadianInvestor:
Seeking Alpha
TradingView
Morningstar
wallmine
Bypass Paywalls
XE.com
Screencast.com
Robinhood
Wise
Google Finance
Schwab
Notion
Loom
NoScript
Buzzsprout
The most popular Android Apps mentioned in /r/CanadianInvestor:
My Stocks Portfolio & Widget with Cryptocurrency
Market Quote
Portfolio Watcher
The most popular VPNs mentioned in /r/CanadianInvestor:
The most popular reviews in /r/CanadianInvestor:
Couple quotes from The Psychology of Money:
"Like everything else worthwhile, successful investing demands a price. But its currency is not dollars and cents. It’s volatility, fear, doubt, uncertainty, and regret—all of which are easy to overlook until you’re dealing with them in real time."
"It sounds trivial, but thinking of market volatility as a fee rather than a fine is an important part of developing the kind of mindset that lets you stick around long enough for investing gains to work in your favor."
Highly recommend this book. Managing your own psychology is critical to successful investing.
Provided you've got an emergency fund / buffer, holding (or buying if you can) is the right thing.
I've read:
The Next Millionaire Next Door
The Wealthy Barber
Naked Money (my notes)
All were good. However, The Psychology of Money tops them in my opinion.
Don't use Nord... Look at something like ProtonVPN or any of the ones listed here privacy respecting services
Plain text link -
Copper has declined a tiny bit due to Chinese trying to manipulate it but its important to zoom out: https://www.screencast.com/t/Rz9Xh6dUP
I'm long Solaris SLS.TO (my favorite), Oroco - OCO.V and even have some Freeport NYSE: FCX
Janet Yellen had a speech at Harvard today where she confirmed the Hawkish tone of Fed. Therefore, USD strengthened and gold went down.
I've just started getting into it. I mine coin on my pc at about .0005 btc/day. At current valuations ($3610 = 1btc) thats about $1.81/day or $660/year. That's on a cheap graphics card. Top end cards make 3 to 5 times that. A card will generally pay for itself in 2 to 3 months.
A mining rig specially built for mining runs about $3000 and uses about 1kw. It will probably mine about 4btc per year, providing a roi of about 500%. Risks are mostly in card failure, as they are not intended to run 24/7 and burn out. Nvidia and AMD are rumoured to be bringing out a cheaper miner specific card in the near future.
I use Nicehash to sell my mining.
BTC at the moment is plagued with high transaction costs and times. These can run $10 for a simple deposit and take a day. Other coins, ether for example, have fewer problems.
I recently wrote a complete dividend stock analysis on CNR. Some of the things to love about railroads/CNR in particular:
- Essential part of the economy. Trade/transportation is not going to be under any threat unless we find a way to teleport things. That makes it extremely robust and dare I say, future-proof.
- Wide moat. Barrier to entry into the industry is extremely high
- One of the best railroad network in North America serving three coasts
- Best run railroad company in N.America - with an operating margin of 39.6%
There's a reason why Warren Buffett and Bill Gates love railroads - some of which are listed above. Buffett went after BNSF and took it private making it a part of BRK now. Gates has found CNR to be his investment vehicle in the sector and currently holds the second highest exposure in (CNR makes 14% of) Cascade Investments after BRK.
I also have another post providing a sector overview on railroads if you are interested. Post can be found here.
Disclosure: I am long CNR
Self taught. There used to be a somewhat popular blog called Dividend Mantra, I now realize he was probably a terrible investor but he did get me excited about dividend investing and researching companies. Then as I went along I learned more and more and gradually drifted my investment style to where it is now.
That said I would recommend: The Intelligent Investor by Ben Graham, The Snowball by Alice Schroeder, and You Can Be A Stock Market Genius by Joel Greenblatt (ignore the horribly cheesy title) as a start for some reading.
Read. One concept to understand is distinguish between investing in stocks because its a good business (and its currently undervaluded) versus trading (where people buy because they think the stock will go up). Throw that concept against whatever you're reading. Good intro books on investing are 'One Up on Wall Street' and 'The Lazy Investor'. Grab the Globe and Mail and read the business section. Soon you'll find more sources than you have time.
If you're interested in investing and your school has an accounting class, take it. Learn the basics and keep adding. If you're serious, you'll either learn accounting on your own or take a course somehow.
If it's not a passion for you, then you'll be far better off sticking to Couch Potato investing. There's a good chance you'll be enticed to get a financial advisor. Don't. Just stick to Couch Potato and read.
Good luck
John C Bogle's The Little Book of Common Sense Investing is a great introduction to the stock market and investing in general. I would also suggest The Most Important Thing by Howard Marks.
Scottie Bowman, one of the most successful coaches in the history of NHL, commented that the team's success doesn't depend on one individual or star but the right mix of healthy veterans and young talent with a good dose of lady luck.
Here's food for thought:
Remember, if you succeed, then give back to your community by helping the least fortunate.
Some good comments here. There's a book that dives into this phenomenon. It's a bit dated (2007) but the jist still holds up.
"Why Don't Mexicans Drink Molson" by Andrea Mandel-Campbell
https://www.amazon.ca/Why-Mexicans-Don-Drink-Molson/dp/1553652258
I see it too. I've taken benzos before, there's nothing good in them. They're like the click remote fast forward. You miss everything. The side effects list for benzos vs shrooms is ridiculously 1-sided, yet which drug is "legal"?
Even taking shrooms in a dank basement is therapeutic, I can only imagine what breakthroughs would happen in talk therapy.
If you're new to psychedelics and their therapy potential, I 1000% recommend you start by listening to Michael Pollan on Tim Ferris's podcast. He explains things so clearly. He also has a book if that's more your style: How to change your mind
How about when "Long Term Capital" run by the "best in the industry" blew up and required the Fed to step in? No complaining when things work in the favour of the big fish but if the small fish get a few big crumbs the problem is systematic? https://www.notion.so/HFT-and-Price-Discovery-e81e071bb5a545569408faad6dc1f8da How is this kind of activity justified if Scott can't support trading strategies that COULD hurt retail investors. HFT and ATS's DO already and I have been frustrated by the lack of attention it gets but also believe in a free market.
> So Robinhood uses America's largest clearing house "the depositry Trust & Clearing Corp" (DTCC).
Boo yea gma...
No promises, but this is good news.
Today it was announced they did a currency swap GBP for USD. This will hedge their currency to pay off USD denominated debt. Better late than never? lol...
Seeking Alpha article http://seekingalpha.com/article/3999508-concordia-q2-review-series-misfortunes-mismanagement is spot on - management is pretty incompetent (that they are only hedging now?).
Either this piece of news of the Cohen stake probably pumped the stock up a bit around noon.
Also, keep in mind management is still in the process of a "strategic review" so who knows what if anything comes out of it.
Note: long via derivatives.
Somewhat self-serving, but I recently had Ben Rabidoux on my podcast to specifically talk about how Canadian real estate was able to not only side-step the worst economic shock in Canadian history, it accelerated.
-most of the people who lost their jobs weren’t in a position to buy in the first place
-those who were, tended to see their financial situations improve during the pandemic
-government supports were 3x the labour income losses
-lower interest rates have further increased debt servicing ability
-population dynamics negatively affected the rental market more than the resale market
-changing consumer preferences
-you would have made more just owning an average home than working a six-figure job
-and more
I'm reading recent reviews, there are customers complaining about orders arriving late so the customers don't have anything for dinner and the meat is warm when it does arrive days later. There are five-star reviews, some seem fake, but many seem real, good vegetarians meals and not having to plan dinner are common comments. The most common complaint seems to be that customers can't stop orders from coming unless they inform the company 6 days in advance, and one customer said the company started shipping them boxes again even though they paused the service 12 weeks prior. Missing ingredients and not so fresh veggies are common complaints.
https://www.trustpilot.com/review/www.makegoodfood.ca?utm_medium=trustbox&utm_source=Carousel
First of all, how much ETH we talking about here? You will need to send that ETH to a metamask wallet. That's 15$ in fees. Then the fees to buy an NFT is about 150$+. The ethereum network is heavily congested thus fees are extremely high and will probably remain like that for months. Do you have any clue on what NFT's you want?
Metamask.io (browser extension) or download the metamask app on your phone. Beware of fakes
I can babysit you through the steps if you want, i bought nfts multiple times, my profile picture is one
I'm confused. I thought SA had Canadian content. I certainly stumble onto it from time to time, but the sites's search function struggles to find it.
Here's one at least... there were more.
http://seekingalpha.com/article/3245926-why-investors-should-stay-away-from-penn-west-petroleum
I've been a Reddit lurker for years. I didn't open an account until I started reading your market assessments. Thank you for all of your time and effort, it's greatly appreciated.
I am wanting to education myself a lot more on the subject, right now I am picking up candlestick charts and patterns. If you don't mind me asking, how do you put these together? I've gone to tradingview.com and can't seem to locate them. I would like to practice the patterns until I feel confident enough to ease into trading from a long-term, (SEG fund) stance.
Are there any books, videos or webpages that you would recommend on trading, charts, psychology or any other subject that would compliment swing trading?
https://play.google.com/store/apps/details?id=com.questrade.my give the old app a try. It's not fancy but it works great for me. I never even downloaded the new app after all the crap I heard about it.
Bloomberg radio and TV are also available for free on TuneIn.
CNBC also but you need to use a VPN like Express using US location. My NordVPN doesn't work with CNBC I t seems they are getting smarter blocking VPN addresses.
I can confirm NordVPN did the trick for me. Used it two years ago while in Cuba and was able to access my account just fine. If you're tech savvy, you can also setup a relay on a computer at your place and open up a port on your router. It's a free solution and fairly simple if you know what you're doing.
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You can certainly make more money with a concentrated position in a single stock, but you also have to be comfortable with higher risk. At your age I’d simple recommend a 100% equities, no bonds portfolio. Just buy the index and don’t look at it for 5 years and let compounding do the work. It’s more about setting the right investing habits at your age than trying to get rich off of $1K. I’d recommend starting with Jack Bogle’s book titled “The little book of common sense investing.” https://www.amazon.com/Little-Book-Common-Sense-Investing-ebook/dp/B075Z6HSCJ
It’s an easy read and a good primer by the godfather of Index investing.
Yes, there's noise. Sometimes an insider sells to pay taxes. Or they buy because they want to show confidence.
But there's a show of confidence and then there's real money, and the size of the buys or sells are a pointer especially when it's broad among insiders.
I don't think you need an academic study to see why this is so, but have a look at the book Investment Intelligence from Insider Trading written by an academic
A book aware of Covid-19. Post Corona: From Crisis to Opportunity. Not a book that will teach you how to be a successful trader, but it might give you some ideas of what to look for in a stock right now.
The first "investing" related book I ever read was called "Understanding Wall Street" - it's a little technical, but it teaches you literally everything from what is a stock, how to read a balance sheet, how the stock market actually "works", historical market periods (for context), technical analysis, options, etc. A great one stop shop for any and everything you need to know about the markets and investing in the markets.
The Investment Checklist: The Art of In-Depth Research by Michael Shearn. The Manual of Ideas. The Most Important Thing by Howard Marks. Warren Buffett Letters. Bibliographies of Business People. Howard Marks Letters.
Probably more books but that good enough to start I think. Books help but just reading more annual reports is the best way to gain a better understanding of a company. Also gaining a understanding of the opposing view is also good.
It can be as simple or as complex as you like. You can buy a stock because discounting future cash flows shows you that the stock is trading at an attractive share price or you can buy a stock because you simply like their products and/or business model, skipping fundamentals altogether.
In analysing a stock, are you looking to derive value from quantitative methods - dcf, ddm, multiples/comparables - or qualitative methods - good management, good products. A value investor would tell you to use both.
The best thing you can do to start out, in my opinion, is find a company whose products you like and whose business is easy enough to understand that you could describe it to a friend. From there, share price impacts from material disclosures, announcements, and earnings will be easier to understand.
My first purchase was TD at 18 (5 or so years back - talk about turning 18 at the perfect time). I had just finished reading One Up on Wall Street by Peter Lynch. The book basically tells you what I mentioned above - don't overly complicate stock picking, buy companies you like, and companies you understand. I bought TD for a few reasons:
The stock was trading at a historically low multiple for financials (post crash - more luck on my part than anything).
Financials historically outperform (read this numerous times in investing books).
I was a customer and had a positive experience. I figured if I liked the company, many others did too.
All my friends banked with TD - high CLV in banking.
They paid a decent dividend and the TFSA is friendly for holding dividend paying securities.
It was as simple as that. I didn't look at the balance sheet once. That's the thing about investing, the smartest minds in the world can whip up the most complex financial calculations forecasting things a world over and they can be, and routinely are, dead wrong.
My overarching point is that it's marketed deceptively. I fully understand the difference between a market and limit order as others have stated.
Nowhere on WealthSimple's Terms of Service does it show that orders are not confirmed at the market price at that time; simply that the order will be "filled" at 3pm.
Contrast this to Robinhood who explicitly state that fractional orders are fulfilled in real time:
https://robinhood.com/us/en/support/articles/fractional-shares/
"Fractional shares are pieces, or fractions, of whole shares of a company or ETF. Since Robinhood Financial offers Fractional Shares, you can trade stocks and ETFs in pieces of shares, in addition to trading in whole share increments. Fractional shares on Robinhood can be as small as 1/1000000 of a share, and trading fractional shares is real-time and commission-free."
It's too bad as I was hoping that WealthSimple was a Canadian alternative to Robinhood as it's marketed similarly.
Clearly NOT
Saw this one yesterday. You can skip the powder and just crunch on some of these.
> Easy to use, tastes great: Our whale crickets are a great way to add delicious flavour and a powerful protein punch to almost anything you can imagine. Insect protein is perfect in soups, salad dressings, desserts, smoothies, and more.
Whale crickets, and I'm pretty sure if I saw a cricket in my soup or salad I would be sending that one back.
One up on Wall Street is pretty good, easy reading. Though, it's tough to try and gain an edge on the market the same way Peter Lynch did...
https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403
I take it you’ve read the brass ring?
For anyone not familiar with the Jack Cockwell story, it’s one of my favourite reads. Hard to find book, but worth the efforts.
https://www.amazon.ca/Brass-Ring-Influence-Brascan-Empire/dp/0345366913
Just keep buying.
If the market is trending down, you might consider buying every week with half of your biweekly amount. This strategy in a down-trending market helps a little, but of course, down-trending markets suddenly become up-trending without notice.
If you're MF are low-cost index funds and not expensive actively managed funds, then DCA weekly will eventually be rewarded regardless of the trend in the market, given a longer time horizon.
This book was excellent on this subject:
https://www.amazon.com/Just-Keep-Buying-Proven-wealth/dp/0857199250
I will recommend these two for anyone starting.
Your TFSA Compounder: Work Your TFSA Harder So You Can Retire Sooner https://www.amazon.ca/dp/1771368306/ref=cm_sw_r_apan_i_EK3ZR4GYNN609X6MQTA3?_encoding=UTF8&psc=1
SALARY FOR LIFE: FOR YOU & FUTURE GENERATIONS https://www.amazon.ca/dp/177724109X/ref=cm_sw_r_apan_i_FSYZQW36SVGTDA66A5PB
Although it is US centric, I think this is a good lightweight book that gives a decent foundation in investing
The Simple Path to Wealth: Your road map to financial independence and a rich, free life https://www.amazon.com/dp/1533667926/ref=cm_sw_r_cp_api_i_QP99Z8YTTQ2MPTDTKHFK
I think this book is for you, easy read, really informative. It would describe your investment style as coffee can investing. It's a legitimate and excellent strategy.
Another bad review
I trusted you to send remitances to Cuba, transferred 100
USD and family got it in 9 business days so decided to send 300 USD,the
transfer status says issued on April 11th but my family haven't
received the transfer yet.Calling at around 4pm(hour in Spain) to try to
speak with a representative and request a receipt in order to place a
claim in Cuba if the money has been sent, but nobody answer the
phone.Also charged me and issued card but haven't send it to USA.I might
consider updating review.
Those rose tinted glasses you have are so cute. Go read this book by a previous fed insider and then re-read your comment and see if you still think it isn't anything more than a bureaucratic reactionary hyper-academia echo chamber.
https://www.amazon.ca/Fed-Up-Insiders-Federal-Reserve/dp/0735211655
"The Psychology of Money" is a good read - not as good as some of its press, but you'll get through it quickly and it's an easy read with some great insights and anecdotes. "Reboot Your Portfolio" is good too and answers a lot of questions you might not even have thought to ask about index investing.
So I recommend picking them up because they're good and recent books that will reinforce what you're doing with data (and ensure you're buying those ETFs not just because "buy VEQT" is a meme all over the internet) and may clarify things like your goals and risk tolerances in a way that may change exactly how you put your next few bucks in. And reading will also keep you from refreshing apps and financial forums or whatever.
Alternate suggestion - throw in a stock or two that you like that pay a monthly dividend, or a dividend ETF. Yes I'll get people shrieking at me that it isn't passive income and you're too young and blah blah but getting those couple bucks a month might lift your spirits and keep you on track.
I just bought the Intelligent Investor, but the copy I bought had just as much commentary than the actual material. It's being returned while I wait for another copy to come in the mail.
Psychology. The monthly distributions keeps them motivated to keep pouring money in, maybe they enjoy researching individual higher div companies, they got burned by crashes in the past so now dividends/blue chips give them comfort and keep them in stocks, whatever. It's not my approach but we're humans not spreadsheets. Just as people don't work out or eat or manage their relationships "optimally" like robots it's the same with money too.
In The Psychology of Money the author, at the end, despite knowing 100% the "right" way to invest having interviewed multiple people about it and read the studies and all the rest admits he's 20% cash even though he knows it's "wrong". But he sleeps better at night. He has many other examples of why people don't do exactly what they "should".
Cult like is a bit extreme though, I know some US youtube channels talk all dividends all the time, but that's a branding thing. Most of them seem to have other accounts that aren't dividend centric from what I can see.
It's not a savings account where you get your 8% and it compounds, there are up quarters and down quarters which people don't always react like spreadsheets or robots to. And life isn't linear and like a chart on vanguard's site either. You have family changes and emergencies and moves and healthcare challenges and so on that may challenge your goals or even having to raid investments though you don't want to.
Investing is no different than other aspects of life either, some of the smug "I do it how fama and french say" people do not optimize their health or fitness or career or relationships the same way. And none of any of this has anything to do with book smarts, people with engineer's disease can be terrible investors!
"The Psychology of Money" is less good than some of its press but it's a good read and has some great insights that may interest you. Including that people like the author and Harry Markowitz despite knowing ALL the research about the best spreadsheet/robot way to manage their money - didn't. Because sleeping at night is sometimes more important.
Once upon a time I was in your position, knowing I didn't know anything, so I started reading. Let me suggest, based on my reading, two books you might consider. The bonus, too, is they're both just plain ol' good reads. The books are:
A Random Walk Down Wall Street
With Random and Millionaire in your mind, you'll be well-positioned to determine future study, if you think necessary, that might inform your investment choices.
I'm seriously confused if you're trying to troll or if you just don't get it lol
As I said above, assignment of what type of asset btc is a regulators job. All I'm saying is your equating a thing to a market.
Here's a link to some videos if you'd like to learn more: https://www.kraken.com/learn/videos/crypto-101
The primary thesis for PayPal other than its stable business, is that it owns Venmo and Braintree (and a couple smaller companies too).
Venmo is the one investors are most familiar with and is growing like wildfire. I have friends and family across the US that are between 15 and 30 and they all say that "everyone" uses Venmo to transfer money to each other. And the numbers speak for themselves. If I recall correctly, I believe their users are growing 80% annually. Although Square Cash and Zelle are a big deal too, not to mention Apple Pay.
It's definitely a competitive market which doesn't make for an ideal investment. Fortunately, PayPal is profitable and growing regardless.
EDIT: that being said, I think Shopify is a generational company and I would much rather put my money in them if I had to choose.
Keep in mind - the resets won't go to far above par - if they are redeemed then the owners buying above par would end up with a loss. However, IF the company does not redeem the preferreds and they reset while the benchmark they are tied to is favourable; they could potentially get a higher yield than originally.
The increase in preferred share prices appears to be from the 5 year GoC yield going up and the converse is true with the yield going down. There is some correlation if you look at 5yr GoC yield + Cdn Pref ETF.
5yr GoC Yield: Look around 1 year - Nov 2014 to now. http://www.marketwatch.com/investing/Bond/TMBMKCA-05Y?countrycode=BX
CPD: Look around Nov 2014 to now. https://www.google.ca/finance?q=TSE%3ACPD&ei=e7VnVpLuH8SheYfXm5gF
The 5 yr Resets seem to track the 5 yr GoC, but there appears to be a lag depending on the reset rate; the scheduled reset date; and the date of reset.
Example:
FairFax Series M. Current Price: $22.05. Starts with 4.75% @ Par $25 and resets on March 31, 2020 @ 5yr GoC+3.98%
FairFax Series I. Current Price: $15.99. Started with 5% @ Par $25 and resets on December 31, 2015 @ 5yr GoC+2.85% (This one reset and is now 3.708% @ Par. Yield to Cost is $0.927yr/$15.99=5.7973%)
Here's a perpetual as an example: Sunlife Series 1. Current Price: $20.92. Started with 4.75% @ Par $25. Yield to Cost is $1.1875/$20.92=5.6763%
There are some other considerations such as: Cumulative (means if company stops paying dividends; they will accrue and be paid out first once the company is able to) and the credit quality of the company.
I use Wise for my non-CAD stuff, they even allow me to transfer online to my investment broker without issues, limits or the need to go to a branch in person.plus their wire fees are around 7$ compared to around 45$ with other banks. You can use my reference if you register, this way we both get extra $$$: https://wise.com/invite/ata/franceb6
https://noscript.net NoScript is a popular add-on/extension for Chrome and Firefox.
Running it and blocking scripts can break some (but not all) paywalls. It can also break websites too, so they might not load properly or display everything as it should be. But the extension is fairly easy to enable and disable when you want to try it out and and see. Versions are availble for mobile phone browsers too.
Install https://code.visualstudio.com/ , download the github as a zip, unzip it, upen the livetsx.py file and click the green button on the top right that runs the file
If you're going to get into XEQT (which I agree is a fine idea!) can I suggest you grab a copy of Reboot Your Portfolio published late last year. It is a very quick, easy and accessible read which addresses your questions in your post as well as many other questions you may not have considered.
The info is also on the same author's Couch Potato blog in various places but there's something about physical books you can mark up and bookmark when it comes to investment topics.
Beat the Bank: The Canadian Guide to Simply Succes https://www.amazon.com/dp/1775343707/ref=cm_sw_r_cp_api_glt_fabc_GH763PV65B4KWYC75WJ2
This is it. If you’re the kind of person who wants to invest but doesn’t know enough to do anything other than mutual funds with a bank, it’s perfect. Great for beginners. You might just need to look up some terms.
maybe it's the same as Robinhood limiting the number of stocks to buy.
https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
Inter Pipeline's (IPPLF) CEO Chris Bayle on Q1 2016 Results - Earnings Call Transcript http://seekingalpha.com/article/3973752?source=ansh $IPPLF
Lol trying to squeeze out an answer...
Linda Ezergailis
And you commented on opportunities you are pursuing, strategic opportunities, both from a build as well as acquisition perspective. Can you comment on the nature of opportunities that you are seeing and the scale and where on the value chain, specifically how it might relate to producer assets as well that might be sold?
Chris Bayle
Unfortunately, no, I cannot really respond to any of those questions in any detail, Linda. I can say that we're looking at a number of potential opportunities, both overseas and locally. They relate broadly to pretty much all aspects of our business franchises today.
Linda Ezergailis
Okay. Are you looking in the U.S. and are you looking at natural gas or midstream processing or gathering?
Chris Bayle
I'm really not in a position to comment specifically on anything more than I just said, Linda.
You invested 2 months ago and now a dis-believer because you're under water ? what's 2 months ?
Crypto is much more than a payment system. Google ''The Bitcoin Standard'' or read it here : https://z-lib.org/
I'm sure the price for ZAG will go up somewhat because the interest rate is near 0, but once it goes back up the price will go down (context: bond ETF risks). Its not bad as a conservative holding but its not for me
Try WISE. 1 account and 1 card for all your currencies. I'm a Canadian with clients in the USA and Europe. My banking life was a mess until I discovered WISE. You can use my referral code for extra goodies. https://wise.com/invite/ata/franceb6
I have to disagree that Capitalism isn't zero sum.
There seems to be the idea that gains in the stock market are tangible, when one can argue that it's not. The value of a stock is priced for future growth and actually, most assets (or all?) are priced for future valuations as well. The issue over the 'true' value of assets is something that's debated with FMV accounting (eg. Worldcom: http://seekingalpha.com/article/43688-accountants-failing-investors-with-fair-value-accounting)
It doesn't really matter either way, we all want to have better lives and a higher standard of living, so we all invest to grow our assets and wealth. But, I still hold fast that Capitalism and profit is fundamentally zero-sum, because the definition of profit implies somebody must lose in a transaction. You might have to peel back the onion several layers to find the 'true' loser, but they're there.
Some reading:
"Canada's Marijuana Market: The Good, Bad, And Ugly"
http://seekingalpha.com/article/2790265-canadas-marijuana-market-the-good-bad-and-ugly
It's asking for my email now to read the article, but I could have sworn I read it without having to do that before.
Google currency converter or forex rates https://www.xe.com/currencytables/
https://www.x-rates.com/historical/?from=CAD&amount=1&date=2020-06-06
If you need them for taxes you better use the Bank of Canada website and do the math.
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So I just make an account with XE and then link my accounts with my XE account and go from there?
And is this the rate at which that the exchange will take place? link Cuz it says this rate is not available to consumers
Its good when you see a stock tanking/rising in your portfolio and you want to find a reason (someone will mention it). Only you have to go through 100s of comments of people crying before you find the reason. I think for that reason and that reason alone stocktwats is kind of worth it, most of the time you can just google the ticker and look for recent news in the last hour to see whats happening but articles do take time and stocktwats does have that odd guy who is listening in to some conference or some kind of live feed that is the cause of the plunge. And that listener could potentially send out a small two sentence message on the site at a much faster rather than an employee at a news organization who has to compile a full story (that may need to be edited) before letting it get out for consumers to read.
Other than that though, its utter garbage. I have plenty of apps on my phone relating to investments and I rarely ever use stocktwats. Unless I want to lick the tears of bulls on a stock I am bearish on 😂
There are very few I'm aware of that are a low buy in and have a lot of further growth potential.
If you are looking to invest in an enterprise SaaS why not create your own? I know of a lot of millionaires made this way. Aim for a couple hundred subscribers at $20 USD/month, otherwise you will never break through.
Do you follow any SaaS subreddits?
Have you seen https://www.saashub.com/ to get an idea of the top performers and new offerings out there?
To find the best opportunity it would come with investment in early development and creation or an IPO. Otherwise I would not even waste a thought on it.
You can sign up for a free 2 week trial, to cancel you must call in, there is no online cancellation. As well, they have a classroom course in which you can complete lessons and quizzes to earn points. At the end you can redeem the points for 60 days of premium. The content is quite informative. As a new investor, I am enjoying the free information they are offering. It follows the general principals of value investing taught by Ben Graham. See link http://www.morningstar.com/cover/classroom.html
I use it as a stock screener and for news on tickers I'm following, but it will track your entire portfolio including dividends and will even notify you of ex-dividend dates, and payout dates.
I don't use it to track my portfolio personally, but it seems pretty decent at it if that's what you're after.
> I just hope the sales continue for a few more weeks
I think there will be more to come unfortunately. The Covid-19 numbers in the US, I suspect, are being massively under-reported due to the limited testing. I think the US is currently where Italy was 2-3 weeks.
A wave of infections is coming, and its effects on the markets can not be understated. Q2 & Q3 numbers will not be looking good I'm afraid. Not trying to fear monger either. I have been watching the global infection rates closely.
For real time tracking use this link to Coronavirus COVID-19 Global Cases by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU)
Stay safe out there my fellow Canadians, and humans everywhere. Look after yourselves, and each other.
Thank you.. Can I ask how you went about finding this ticker, and where did you actually see the duration of 0.48 years? In the link that you've given, 88% of their holdings are >3 years, and 65% >5 years.. so probably it's 0.48 years is incorrect data https://www.screencast.com/t/N0wAn4XV
If you wanted to read a really good book, I would recommend All the Devils Are Here: The Hidden History of the Financial Crisis.
It's a great read and the author is the same person who wrote about how Enron made its money.
My only warning is don't read this book expecting to come away with a clear bad guy. It was unfettered greed by both the Wall Street and Main Street.
There are some parties that are more guilty than others to be sure, but you sort of lose a bit of faith in everyone after reading it.
first, check MER. that's how much drag you'll have when buying seg funds. if the fund has MER of 2.5%, which isn't uncommon due to the protective nature of the fund, your fund needs to gain at least 2.5% yearly to break even.
second, be aware of the lock in period. most of these funds are locked for 7 years for DSC back in the days, and cashing out early would incur a penalty. this means you'll be paying interest for at least the lock in period.
third, you cannot deduct interest expense more than your gains from T3 and T5. seg funds is best used if you also have investment in a taxable account. the fund on its own won't do much if its T3/T5 gains are less than interest expense. however, if the fund realizes so much gains in T3/T5 that means the manager trades too much, thus trading fee/MER would be excessive.
fourth, check if interest rate is locked. it most likely isn't since you can hold the loan in perpetually. ensure you have the ability to service the loan when interest rate goes up.
lastly, you can replicate this strategy if you have a HELOC by buying any ETF, and you can enjoy cheaper MER/no DSC/almost unlimited selection of funds. you also don't need to pay 1000.00 commission.
the strategy derived from 15 secrets the taxman doesn't want you to know (sorry for the amzn link). it's pretty common way for leveraged investing
A one year time-frame is not that long, so a high-interest savings account (HISA) or a Guaranteed Income Certificate (GIC) is definitely the safest way of guaranteeing a return within that one year time frame.
Otherwise you risk market fluctuations in the next year potentially making you come away with less - gains in a method aside from the above are basically never guaranteed. (We cannot tell the future.)
Regardless, as a Canadian you should have capacity in your TFSA accumulating from every year since you've turned 18, which depending on the province is able to be contributed to from 18 or 19. If you do do investing (aside from a single years' worth) you should begin by topping that up. (I will leave you find out your capacity yourself.)
If you are putting some money away for a long time (as I see you mentioning in another comment) then as a newbie a ETF wouldn't be a bad idea. You're diversifying your portfolio instantly, can select one for a select industry - it's more resilient to the ups and downs of a single stock.
There's a lot of ways to learn how to invest, I would recommend filling up on your reading. Canadian Stock Investing for Dummies is a good place to start. (And you may be able to find a cheaper copy in person.)
Keep in mind there is no shame with speaking with a proper financial advisor. If it becomes too overwhelming/you must, go ahead and do so. Just try and remember that they should be working in your best interests.
MSP(My Stocks Portfolio) app is available for iOS & Android
iOS/Apple: https://apps.apple.com/ca/app/msp-my-stocks-portfolio/id923544282
Android: https://play.google.com/store/apps/details?id=co.peeksoft.stocks
No book is perfect, but start off with a relatively grounded book for beginners that includes the Canadian context. This isn't a bad one
https://www.amazon.ca/Beat-Bank-Canadian-Successful-Investing/dp/1775343707
Two books on using options intelligently. The first one is great. The second is Canadian and also good.
Glad to see you have a plan!
While I am here I shall recommend one more book for your reading list: The Black Swan, by Nassim Teleb. It's ~$30, but I managed to find a copy for ~$5 at a local bookstore. It is not perfect (no book is) but the ideas therein are certainly worth your time.
Seeing as you're new I must recommend that you cover all of the basics. I found they were explained well enough for me to then expand my reading and do more research within Canadian Stock Investing for Dummies. (You may be able to find a cheaper copy in person.)
While not perfect, the series does a good job of introducing a beginner to many concepts essential to understand, and has helpful examples. The 5th Edition also has a section on cryptocurrency and it is worth a read.
Abbreviations for stock names (AKA a "ticker") is just something you will pick up as you invest. Some here recommend Yahoo Finance - personally I use Google Finance, but that depends on you. With Yahoo/Google Finance you can see a stock's ticker, market cap, charts, p/e, etc.
With Yahoo/Google Finance you can simply type the company name into the search bar and it will come up in the drop-down results. From there you select it and you can find the ticker on that page. (For example typing "Moderna" into the Google Finance bar will return with MRNA NASDAQ Moderna Inc. The MRNA is the ticker for Moderna.)
Investing is wildly interesting, and of course wildly complex. Most things you will learn through your own Googling of things you don't understand and personal reading, and that's a perfectly fine way of learning.
Good luck with your learning.
I get most my understanding from The Deficit Myth by Stephanie Kelton. It's well written and not unconvincing but definitely America-centric and flies in the face of any sort of classical economic convention.
I do use this one as well On Android called stock Master - it has a pretty good screener and the portfolio works ok ads are anoying fyi
Check out "Stock Master: Invest Stocks Market Finance & News" https://play.google.com/store/apps/details?id=com.astontek.stock
What method is he using to raise the money? a SAFE note, preferred shares, common shares? https://www.amazon.ca/Venture-Capital-Deal-Terms-transactions/dp/1534663541/ provides some good info on structuring early stage investments
https://www.amazon.com/12-SOLUTION-Average-Beating-Managers-ebook/dp/B0759X92Z6
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It also recommends some defensive ETFs that you can allocate your portfolio into as well but since I've got 20 years until retirement I've chosen to go more full equities and ride the 4 main growth etfs or cash trigger
I use this one as an app on my phone. It works great and also has crypto.
This won’t help with your investing strategy, but I recommend picking up the RESP book by Mike Holman. The kindle version is $10 and it has a ton of information such as strategies for withdrawals, what to do if your kid doesn’t go to school, and transfers between siblings. There’s a lot of good advise in this, I picked it up when I opened up my kids’ RESP.
The RESP Book - The Simple Guide to Registered Education Savings Plans for Canadians https://www.amazon.ca/dp/B00757IESG/ref=cm_sw_r_cp_api_glt_4MFHZAFYTFJDERW3NQA8
Enter your address, see if your area is Starlink compatible, as there's only so much coverage from the satellites.
You'll need to have good open space, an unobstructed view to the open sky (not too many trees) You can even download the starlink app to verify that your space is compatible. https://play.google.com/store/apps/details?id=com.starlink.mobile
Remember, the Starlink is like $650-750 to get started In AB with shipping and taxes it's $750 THEN, the service contract is about $129 monthly
Most users are getting about 150-300Mbps down and roughly 15Mbps upload, your mileage may vary.
All in all, because I know how rough rural Canadians get it when it comes to internet. VERY worth it IMO.
Investing is buying good quality businesses that will appreciate over time, not speculating in unproven businesses like you did.
And then as Warren Buffet says, be patient.
Think of the big blue chip companies that are proven business that you know and understand. Banks, TD, Bank of Nova Scotia, Amazon, CN and CP Rail, Bell Media, stocks that pay you a dividend. Then reinvest the dividend, in a DRIP (Dividend Reinvestment Plan)
If you can find or read this book,The Lazy Investor it tells you all most people will ever need to know for the stock market.
https://play.google.com/store/apps/details?id=co.peeksoft.stocks
I like this one. It's like the notepad of stock listings. Free version can log purchases and sales and gives 10 test alerts. Plus it has a widget so i can keep it in sight.
I recommended this book to a buddy of mine. I have a strong accounting and finance background so I never read the book myself, but I've seen the author a few times on youtube and I like his content. https://www.amazon.ca/gp/product/B0088USVNW?pf_rd_r=1YXMZ7QN8862CDWK5AZR&pf_rd_p=05326fd5-c43e-4948-99b1-a65b129fdd73
Buy this book and read chapter 8:
https://www.amazon.ca/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661
You're welcome :)
https://play.google.com/store/apps/details?id=co.peeksoft.stocks
I love this app. It allows me to track 90% of markets. I can track cash in a portfolio and dividends on each stock.
Best app out there!
If you want to learn about dividend investing, I recommend this book
Probably available in your local library or ebook
I am a long term dividend investor. Yes, I played with weed stocks. Like you, and because of my investment style, lost a lot of unrealized gains. Growth stocks require regular diligence.
https://play.google.com/store/apps/details?id=co.peeksoft.stocks
I just installed this. Interface looks good. Ads are not intrusive. mystocks portfolio is the name of the app.
I'll see how well it does once I put my transactions in. Has a widget as well.
"It's beyond me how anything I've said implies that is my thinking." "A P/E ratio does imply return as you said, but has no relationship to growth." Maybe I'm misunderstanding you but it sounded like you use P/E as a proxy to earnings yield without thinking about what a "fair multiple" is. https://www.scribd.com/doc/79983013/UBS-Valuation-Multiples-Primer#from_embed
"You may want to check their financials - they're currently at 39.8% and i has steadily risen over the last 3 years" I understand that, and what I was saying was that if you just run the numbers using their "price increases" and approximate average sale price per SKU, you'd see that the delta on gross margins over the past few years can't possibly be due to them increasing prices on the same SKUs because the delta is too low.
"What I heard was the SSSG was 2.5% not the 5% the street was anticipating" Yes, and the entire point I was trying to make is that you need to understand what the stock price is implying, which is a big mistake that a lot of investors make (retail or institutional). Maybe I haven't communicated this well, but if you read this book (linked below), you'd see exactly what I meant. https://www.amazon.ca/Value-Four-Cornerstones-Corporate-Finance/dp/0470424605
"Time will tell who is right." Just keep in mind that using the stock price to verify your decision making process is essentially not separating type I vs type II error. The stock can work without the thesis being right.
I'll leave it at this; you decide how to take it.
Start here with this book. https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661
In this thread on /r/investing, there was an interesting suggestion to read this book.
There is also a real estate investing subreddit at /r/realestateinvesting.
Getting exposure to US ETFs is good. One thing to keep in mind is taxation. Few books to read:
The Little Book of Common Sense Investing
Common Sense on Mutual Funds
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing
The Intelligent Investor
best thing i have ever done to benefit myself in investing is read The Intelligent Investor by Benjamin Graham and my boy Buffet. It's Dry but if your patient and you really take the time to understand what is being told. you will have a better outlook on your own investments as well as the future of the economy. once your done. buy another book, I recommend One Up On Wallstreet. Nobody will invest your money better than yourself, and if your will to put in the due diligence; you can do better in stocks than you can in GIC's and ETFs but either is EDIT: NOT a bad route. (for steady returns) EDIT: and never stop self-educating yourself in investing
Open a practice account — many discount brokers offer these, maybe all of them do. You’ll have access to around $100,000 and you can see what it’s like to buy/sell.
As has been suggested by others, use your $100 to buy some books. Ben Graham’s The Intelligent Investor is foundational for investing, I personally recommend Howard Marks’ The Most Important Thing, and there are many other recommendations at r/stocks and r/investing. Also skim through posts on those subs — newbies ask for book recommendations everyday.