2017 Saving and Investment Thread

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Re: 2017 Saving and Investment Thread

Postby forum » Dec 20th, 2018, 7:08 pm

NASDAQ at a 20% loss.

The sell off continues.

All bubbles burst.

How's everyone doing out there?

What's your top performer of 2018?

Mine was cryptocurrency. The high was just so damn good
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Re: 2017 Saving and Investment Thread

Postby Ka-El » Dec 21st, 2018, 7:47 am

forum wrote: What's your top performer of 2018?

I think most people here would consider you as our top performer of 2018. It has been entertaining. [icon_lol2.gif]

Congratulations lil' cowboy :smt045
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Re: 2017 Saving and Investment Thread

Postby Even Steven » Dec 21st, 2018, 8:34 am

forum wrote:What's your top performer of 2018?

Mine was cryptocurrency. The high was just so damn good


LOL crypto was sliding from the highs in January all the way into December. There was no period when it went up in any meaningful way.

I don't think you even hold any crypto because you'd know that.

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Re: 2017 Saving and Investment Thread

Postby Jonrox » Dec 21st, 2018, 11:11 am

Well... since I'm 25 years away from cashing out I'm thinking my investing this year will pan out just fine. Forum, your problem is that you have no strategy, foresight, or plan.

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Re: 2017 Saving and Investment Thread

Postby Ka-El » Dec 21st, 2018, 1:14 pm

Jonrox wrote:Well... since I'm 25 years away from cashing out I'm thinking my investing this year will pan out just fine.

This is a great time to be shopping for equities. The idea is to buy when the prices are low and sell when they are high. A pretty simple concept but most amateur investors are reluctant to buy when stocks prices are down or falling. In addition, anyone taking advantage of dollar cost averaging (like myself) will get very excited by these drops in the market as the result will be the purchase of relatively more shares or units while the cost is low (and relatively less when the cost is high).

Forum, your problem is that you have no strategy, foresight, or plan.

Most people don't plan to fail, they just fail to plan. Focusing his efforts on something as volatile and tenuous as crypto currency with no foundation or long-term growth plan (not a savings account) will be as effective as counting on a lotto win.
The ability to suspend judgment and change your mind when warranted is a distinguishing feature of critical thought
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Re: 2017 Saving and Investment Thread

Postby W105 » Dec 21st, 2018, 2:16 pm

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Re: 2017 Saving and Investment Thread

Postby normaM » Dec 21st, 2018, 4:52 pm

they people who panic and sell are the ones shouldn't be in the game
If onion rings are wrong I don't wanna be right

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Re: 2017 Saving and Investment Thread

Postby forum » Dec 22nd, 2018, 11:57 am

I'll bet one crypto coin not a single one of you Bi-Peadlers is playing the currencies like I suggested months ago.

Go ahead, dig up my post. It's all there.
It's one of the only bulls worth riding right now (besides shorting Home Capital Group).
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Re: 2017 Saving and Investment Thread

Postby LTD » Dec 22nd, 2018, 2:11 pm

that's because none of us are interested in losing money
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Re: 2017 Saving and Investment Thread

Postby cutter7 » Dec 22nd, 2018, 3:21 pm

Dollar cost averaging, still buying bank stocks each pay and even though I am down a fair bit , overall things are fine.

4% dividend helps a bit
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Re: 2017 Saving and Investment Thread

Postby Jonrox » Dec 22nd, 2018, 5:14 pm

I’m not in crypto - I actually have an investment plan that doesn’t involve gambling on whatever is being hyped in the headlines.

If I had bought when you said to and held until now I would have lost a ton of money. It would have been terribly dumb to listen to you. You said back in February that it was a good time to buy and I would have lost around 80% of the value of the GAMBLE by now.

Forum, you really are one of the dumbest people I’ve come across. I’m certain you don’t even know what “shorting” is or how you would go about it.

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Re: 2017 Saving and Investment Thread

Postby forum » Dec 22nd, 2018, 8:01 pm

Jonrox wrote:I’m not in crypto - I actually have an investment plan that doesn’t involve gambling on whatever is being hyped in the headlines.

If I had bought when you said to and held until now I would have lost a ton of money. It would have been terribly dumb to listen to you. You said back in February that it was a good time to buy and I would have lost around 80% of the value of the GAMBLE by now.

Forum, you really are one of the dumbest people I’ve come across. I’m certain you don’t even know what “shorting” is or how you would go about it.


Oh cheer up. So you're heavy in RRSP's. We're sorry about that. I'm sure they'll be there when you're retired. Justin Trudeau hasn't spent them. I think.

Thing is Jonny boy, you didn't listen to me. I told you to load up spring 2017, and take profits in december (FYI best Christmas on record for me...ever). But you didn't load the boat, because you can't fit into a pair of chaps and look good riding the bull like a shirtless man does. That's not my fault. Your tolerances for risk and pleasure is defined by only you and no one else.


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Re: 2017 Saving and Investment Thread

Postby Veovis » Dec 22nd, 2018, 11:51 pm

forum wrote:Oh cheer up. So you're heavy in RRSP's. We're sorry about that. I'm sure they'll be there when you're retired.


Again you state you don't understand how RRSP's work. Why?

Gambling isn't retirement planning, however retirement planning can have some gambling through a pile of different venues
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Re: 2017 Saving and Investment Thread

Postby Jonrox » Dec 23rd, 2018, 12:55 am

Wow... forum, you really don’t know what an RRSP is do you? I almost thought you were playing dumb to make some kind of point but now I actually think you maybe really are this dumb and naive.

You’re trying really hard to insult me but in doing so are just exposing how little you know. It’s fairly entertaining.
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Re: 2017 Saving and Investment Thread

Postby forum » Dec 23rd, 2018, 9:13 am

I'm saying you might not reach retirement age.

Happens all the time.

And if you need to reach the investments housed in the RRSP early on to solve a problem (hair loss, boob job at ) you'll get beaten by the tax stick.
All that money is illiquid.
You trust the government way too much.

Your strategy is almost as illiquid as having all your money in a house.

Freedom First. Always. Cash is King.

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