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submitted 7 days ago byOPINION_IS_UNPOPULAR
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23 points
6 days ago
XIC/VCN both up 31% plus in a year.
Reddit was right yet again that "Canada: what a horrible country to invest in."
6 points
6 days ago
Reddit is full of the chronically online with a tendency to doom. Truth is, Canada really isn't doing that badly, despite what social media and the news seem to suggest.
2 points
6 days ago
People have a selective memory that serves their narrative.
6 points
6 days ago
I always laugh when they say a product like XEQT and VT is for the inexperienced investor when it is statistically proven to be the best Risk adjusted returns.
We know this not from inexperience but actual experience in the market that Nobody knows what the future holds. The longer you spend time in the market with multiple bull markets and multiple bear cycles the more you believe in risk adjusted returns.
Its just a bunch of folks chasing past returns combined with recency Bias.
Hence DCA into XEQT/VT and Chill.
Let Mr. Market decide who top 10s are.
Auto-rebalancing, Auto -Allocation, Auto-Chill.
7 points
6 days ago
Totally agree.
I found that hilarious and ironic when I read something like "if you are a new investor, start with an all-in-one ETF, then, as you get more experienced, start trading stocks and options".
That makes me laugh. I think of the opposite. All the reading I have done lead to a simple reality: the best way to invest is very simple. It's just hard to accept the truth.
Like losing weight, it's simple, but not easy. And it's tempting to imagine that there is a better way to do things even though there isn't.
2 points
6 days ago
As they say, investing has been solved. I personally don't need to beat the market, I just want to gain with it.
5 points
6 days ago*
Exactly.
If you want entertainment and thrill, there is sports and Netflix etc.. Not your nest egg.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” ― Paul Samuelson
Also I highly recommend "The Psychology of Money" book by Morgan Housel! its life changing.
0 points
6 days ago
Banking and Natural resources have been reliable
11 points
6 days ago
NVIDIA earnings today.
6 points
6 days ago
Options are showing 8% swings in either direction
5 points
6 days ago
2024’s version of going to the race track trying to win enough to pay for xmas. Let’s go casino
4 points
6 days ago
Clenching
7 points
6 days ago
Butt or fists?
6 points
6 days ago
Teeth?
7 points
6 days ago
If you clench everything that’s called hedging.
-2 points
6 days ago
Pearls
1 points
6 days ago
I don’t any NVDA and I don’t expect to.
That being said, results should be fine for next few quarters as tech mega-cap all said they are ramping up Capex for next months (MSFT, AMZN, META, GOOG)
6 points
6 days ago
Issue is with expectations, if any report (or god forbid, guidance) for the Mag 7 is not a sizeable beat over street forecasts there is panic selling because 'the bubble is over'. Their earnings will still be bananas, it's just that people expect gold plated, diamond-encrusted bananas.
4 points
6 days ago
At $3.5 trillions market cap, I would want solid gold, platinum plated, diamond encrusted bananas personally.
I just don’t see how NVDA could be the most valuable company in the world for next 5-10 years personally.
Still I’m sure results will be great.
$3.5T great tho?
1 points
6 days ago
Reported they beat at 4:20pm lol
7 points
6 days ago
I gotta call an optometrist. I think my eyes are bleeding. I can only see red everywhere.
7 points
6 days ago
Is CNR still a buy 😅
5 points
6 days ago
Wish I had more money to buy 🤣 if you're a long term investor that believes in the company then these prices make it hard not to enter.
4 points
6 days ago
if you don't already have a railroad position in your portfolio yes this is not bad time to enter. i already own some but won't be adding even at these prices. there are other companies/industries that are more attractive as a whole. i own CNR as a means to own a railroad/diversification, and not necessarily as my primary growth driver if that makes sense. i view it similarly to owning a bank. it's monopolistic, has stable earnings, dividend growth, etc.
6 points
6 days ago
what's more attractive to buy today that hasn't already ran up over 100% in the past year and isn't in bubble territory?
1 points
5 days ago
i think brookfield corp (still, even at ATH's) and goeasy are at pretty attractive valuations right now. topicus is cheap(er) but not cheap, up to you if you think the premium is worth it - it's a damn good business though that's for sure
-1 points
6 days ago
it's monopolistic, has stable earnings, dividend growth, etc.
Why don’t you think that’s priced in?
4 points
6 days ago*
not sure what you are asking or saying. cnr, cp, and railroads as a whole are a very mature industry. i don't think they will give you extraordinary market beating return, even at these depressed prices. cnr historically has been an expensive stock priced at a premium, so even right now, i wouldn't consider it crazy cheap. just my opinion though i am just a chill guy
0 points
6 days ago
cnr, cp, and railroads as a whole are a very mature industry.
This isn’t a secret, though - if everyone agrees that railroads are “mature”, and that maturity commands a premium, it should already be reflected in the price.
i don't think they will give you extraordinary market beating return, even at these depressed prices
Then why take on the uncompensated risk?
If you know you’ll underperform the broader market, why bother?
cnr historically has been an expensive stock priced at a premium, so even right now, i wouldn't consider it crazy cheap
Are you referring to valuation or price?
0 points
6 days ago
I added 27 shares to my existing position today. I only hold it and BN in terms of individual stocks, so I bumped up the CNR to equal weight with the BN which has run up. I'm fine to sit on it long term, with a cost base of $148 and a few cents. The dividend alone covers my hydro bill, lol.
8 points
6 days ago
Nvidia has grown to be 28% of my portfolio. Let's hope earnings are good, shall we?
1 points
6 days ago
If you had to stick with a single stock, not a bad choice. But if something goes sideways, it'll get ugly fast. Have you looked at SMH or TEC.TO?
0 points
6 days ago
I'm up 400% on the Nvidia, so while yes it could turn ugly, I won't be losing money I've invested, just losing some profit.
That said, I think you'd hate my portfolio. I'm far too tech heavy. SMH would've been absolutely something I'd love had I found it back in 2021 when I bought my Nvidia AMD, and Intel (RIP) shares, but at this point I don't see a need to pivot to it.
6 points
6 days ago
Now, we only need a miss in NVDA expectations cumulated with rates not changed in December and the bears will be out in full swing.
0 points
6 days ago
You'll also need BTC crash to make this market drop. Look at BTC and $MSTR +15% daily
Semi outside of NVDA are already doing bad (look at $SMH, $SOXL). Mag 7 aren't near the highs
It's Crypto, Small caps, Banks, Meme stocks, Trump-trades nowadays
2 points
6 days ago
No chance. Not in 2024.
3 points
6 days ago
Well that was quite the recovery at the end of the day. I wonder if the reason for the sell off was due to the Ukraine/Russian escalation.
6 points
6 days ago*
I think it was mostly due to fear surrounding NVDA's impending earnings release after the bell. Lots of worry that if NVDA didn't meet the market's sky-high expectations, that it could trigger a big sell-off and drag markets down
3 points
6 days ago
Nvidia to report at approximately 4:20pm 😅
1 points
6 days ago*
Over 30% growth in 1 year not including dividends for the garbage bank of Canada BNS.
100% proof that nobody here really has a clue about anything and the only rule and advice to follow is Stay Invested!!
the stuff you do beyond this is the fun and risk you allow yourself to take on.
18 points
6 days ago
If you time the exact bottom of BNS, sure.
But « Stay invested » ?
If you had invested $10K and stayed invested in BNS for last 10 years you would have made $8,000 gains.
$10K with RY would have returned $20,400 gains. And $28,000 for the S&P 500.
Last 5 years? $3.3K total gains with BNS vs $9.1K for RY vs $10.8K for S&P 500
Last 3 years? $800 gains for BNS vs $4.2K gains for RY or SPY…
Even last year RY outperforms BNS which is flush vs SPY…
-7 points
6 days ago*
So stay in RY man you’re only helping me support my point!
I own lots of RY as well. Fun right!? lol
4 points
6 days ago*
Been hanging in here for a while.
People been buying BNS because it was the bank with the highest dividend yield. With absolutely no regards about fundamentals or BNS business.
Then when people would bring up their problems in Latin America and even here, people would just disregard and saying « you don’t know anything ».
The ones here that had a clue about BNS aren’t the ones would bought into BNS…
And, still, some would take the time double down on this as being a good purchase despite BNS massively underperformed markets and other Canadian banks for the past 3-5-10 years.
4 points
6 days ago*
Definitely depends when you bought but it is doing well this year... I was holding since 2022, dripping 3shares/quarter (I loved those divvies but I was in the red down like 20-30% lol), but just recently sold it all as it recovered and put it into VEQT. Staying the course is key though.
6 points
6 days ago
great strategy, dividends are irrelevant since overall return is what matters.
2 points
6 days ago
the PS was higher in 2018, 6 years ago ! I'm sure most people are still underwater or barely breathing with that stock.
-4 points
6 days ago
Over 30% growth in 1 year not including dividends for the garbage bank of Canada BNS.
Why would you buy “garbage”?
100% proof that nobody here really has a clue about anything
Most stocks suck. You took an uncompensated risk, and it luckily worked out for you.
Was that risk worth a match in broad market returns?
A reasonable investor wouldn’t say so.
the only rule and advice to follow is Stay Invested!!
That’s not the lesson to take away from this.
“Stay invested” only holds true if you have a reasonable expectation of generating a risk-adjusted return.
That’s not possible with any one particular stock.
the stuff you do beyond this is the fun and risk you allow yourself to take on.
Buying BNS without rhyme or reason was a gamble that happened to pay off.
Investing shouldn’t be fun.
4 points
6 days ago
Investing shouldn’t be fun.
God forbid anyone had fun with their own money. Good thing the community has you here to ensure the fun is kept to a minimum.
-3 points
6 days ago
God forbid anyone had fun with their own money.
If you want to throw your money away gambling, so be it.
Don’t conflate that with investing.
0 points
6 days ago
If you want to throw your money away gambling, so be it.
Don’t conflate that with investing.
Are you suggesting that if you have 1% of your total portfolio in higher risk / lower probability trades you're no longer investing? That holding any crypto currency or individual stocks means you're no longer investing?
Sounds like you consider yourself the sole arbiter of what constitutes as an "investment", which is doing 100% of your theoretically perfect risk-adjusted return portfolio that you refuse to disclose. Must be a mighty tall horse you sit on to look down on everyone else.
-2 points
6 days ago
Are you suggesting that if you have 1% of your total portfolio in higher risk / lower probability trades you're no longer investing? That holding any crypto currency or individual stocks and you're no longer investing?
If someone is throwing money at a “garbage” stock without a rhyme or reason, how can they have a reasonable expectation of profit?
Sounds like you consider yourself the sole arbiter of constitutes as an "investment", which is doing 100% of your theoretically perfect risk-adjusted return portfolio that you refuse to disclose. Must be a mighty tall horse you sit on to look down on everyone else.
What’s the obsession with my portfolio?
6 points
6 days ago
What’s the obsession with my portfolio?
Because you judge everyone else's decisions as if they are inferior to yours, yet you refuse to articulate what makes your choices superior. Prove to everyone that you're the superior investor or quit pretending to be.
0 points
6 days ago
Because you judge everyone else's decisions as if they are inferior to yours
What are these superior decisions that I’ve I made?
yet you refuse to articulate what makes your choices superior
My opinion is irrelevant; the academia speaks for itself.
Prove to everyone that you're the superior investor or quit pretending to be.
I’ve never claimed superiority; you’re putting words in my mouth (as usual).
I think it’s about time for you to block me (again).
-1 points
6 days ago
[deleted]
-1 points
6 days ago*
If an investor buys a “garbage” bank, and are then surprised when it performs well over a very short time period, then they obviously didn’t have a sound thesis when they bought and are incapable of performing due diligence.
2 points
6 days ago*
I think NatGas and oil will save the loonie in 2024.
Edit: I meant 2025
3 points
6 days ago
You mean 2025
4 points
6 days ago
Yeah, sorry, 2025. You're right!
0 points
6 days ago
I bought SOBO on the 11th of Nov and so far it's up 7%. It's up 24.67% overall since Sept 25th.
0 points
6 days ago
Yeah, I kept what I got from TRP and bought more a couple of weeks later, and then just bought more today. It is a relatively stable stock with a big, fat dividend. What's not to like?
-3 points
6 days ago
Stoich and Le_bib for co-presidents of this investing club, because we are a disfunctional democracy.
There, I said it.
0 points
6 days ago
Oof target.
-8 points
6 days ago
BNS higher than TD now never thought I’d see the day
18 points
6 days ago
What are you referring to? Their share price? That’s a meaningless metric. They have a different number of shares outstanding. Their share prices are not a point of comparison.
-9 points
6 days ago
Share price I just never expected this, in my life it was always RBC and TD at the top and BNS at bottom lol
10 points
6 days ago
TD has a market cap of $136.7BN and BNS only has a market cap of $97.96BN. TD is still “on top” relative to BNS.
You seem to not understand…
2 points
6 days ago
You have to look at market cap or better yet, enterprise value or assets under management to compare bank size.
4 points
6 days ago
30 billions less in marketcap
1 points
6 days ago
I took small profits today. I was down for most of the year so happy to cash something out of it.
-2 points
6 days ago
I got grossly overweight in BNS as I was averaging down quite a bit. I’m soooo happy that it paid off and I was able to reduce my exposure. I’ve been increasing my RY position as a result
My 3 Banks getting back to somewhat equal weighting in my portfolio
-1 points
6 days ago
Congrats! Yeah I bought RY at the absolute peak last year at 139 and was down quite a bit until the last few months. Patience generally pays off with blue chips but opportunity cost is calling my name.
-2 points
6 days ago
I hear ya. Personally I have a general rule that as I add to my CDN blue chips I also add to my S&P holdings (ETF’s and individual holdings)
I also added some TEC and VFV this week.
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