A lot of people who bought gold early this year are doing very well.Update
Now -7.8% for the year, my kid's TFSA is -0.8% thanks to me selling the S+P 500 index and buying GLD.
A lot of people who bought gold early this year are doing very well.Update
Now -7.8% for the year, my kid's TFSA is -0.8% thanks to me selling the S+P 500 index and buying GLD.
Some decent recoveries thus far; used this as an opportunity to average down where possible (and practical), also took on a few new positions, mostly in Cdn energy, and mostly in anticipation that someone in Ottawa will finally start to develop us into the energy superpower we could & should be.nearly 2 years of gains erased thus far this year. Unrealized losses in the 7 figures (nine figures if we count decimal place!).
I've been in the markets for a pretty long time as a value investor, so theres a pretty healthy income stream coming in; if this bullshit drags out long enough to actually affect fundamentals, and possible dividend cuts, I'll probably still be ok
Have been an active buyer since last Thursday, psychologically challenging as just about everything I bought, at EXCELLENT prices on Thursday, are already down 6-8%. Makes me think that maybe I'm losing my touch, as that rarely happened in the past.
Every online bullion dealer that I've used over the past few years is pretty much out of stock these days of the items I used to buy. Prices dropped a bit, I think theres been a lot of selling to cover margin calls on equities, pushing bullion prices down, and smart money is jumping on physical bullion at these sale prices.
Despite all this, I'm buying either a new Cadillac XT6 or Genesis GV80 in early May. Quality luxury at reasonable prices, IMO.
Stay calm and carry on
Congrats on the new ride!Some decent recoveries thus far; used this as an opportunity to average down where possible (and practical), also took on a few new positions, mostly in Cdn energy, and mostly in anticipation that someone in Ottawa will finally start to develop us into the energy superpower we could & should be.
Remember, there's investing, and there's trading.......if you don't know the difference between them, you shouldn't be doing either!
More importantly, bought new car today!
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Exactly, these gross amounts are meaningless without knowing the percentage for context.Using dollar values doesn't make sense.
Being down $50K is not a big deal if you've got $1M in the market. Or down $200-500K if you've got $5M+
I suspect most are down 10-20%
I'm down about 10% in my "need for retirement" portfolio.
A little worse in my "roll the dice" portfolio
I should probably be selling shit now, but I'm stubborn and don't like panic selling or buying.
I have some money in fixed income that I'll use to buy good stocks when I think they're close to the bottom.
Yes, it has come back(for U.S. stocks you could argue because the U.S. dollar has declined, foreign earnings are big for S& P 500) but was hoping for more of an opportunily for my TFSA cash position. Too much cash in that account.It always comes back if properly diversified. Been through many bears and just have long term view and patience. Was down 600k awhile ago and already recouped about 300 of that by staying invested in solid growth and value stocks. don’t look at weekly or monthly returns Step back and look at charts That show 5o-60 years.
Wish I bought more TOI a couple of years ago. The junior european version of CSU.I'm down ~4%.
M kid's TFSA is +6% thx to GLD and CSU.
The CSU stable does have both spinoffs Topicus and Lumine built in, so we sold both.Wish I bought more TOI a couple of years ago. The junior european version of CSU.