Topic: The money thread

[tpl]

Not me man....as soon as I make double digits I cash out and park in 1.3% saving accounts. 7 more years, 7 more years, 7 more years....

Well yea, you're old.  So you can't afford as much risk.  I'm young still...so I'm quite a bit more tolerant to risk.

I'm sure my tune will change when I'm older.

My plan is based on 7% so anything after that is scaring me...lol

It's wise not to risk much closing in on retirement.

I agree with that.   When you are retired then the simple trick is to ensure you have enough to get through to 95, even at zero interest and after taxes, plus any you might want to leave to people or charities.   Every year this computation becomes easier.
We do this ignoring the value of our house...which is worth some years of living money when we are really ancient.

[Snowman]

IMO this is 2011 allover again

[Snowman]

 More fun reading

http://coppolacomment.blogspot.co.uk/2014/09/debt-hysteria.html?m=1

[ArticSteve]

aside from commodities stocks, many of the individual stocks I like to track still really haven't dropped but if at all.    I keep looking for them to drop more but it's still not happening yet.

If they are in CDN $$$ they have dropped, are dropping and will continue to drop.

[ArticSteve]

More fun reading

http://coppolacomment.blogspot.co.uk/2014/09/debt-hysteria.html?m=1

 

Apparently Canada has chosen DOOR NUMBER 3

Joe Oliver says the government can shrink the national debt by growing the economy and “without actually paying off any debt,” but some groups are urging the Finance Minister to take a more aggressive approach.

Mr. Oliver made the comment Tuesday in New York during an “armchair discussion” with Bloomberg Television that touched on his priorities heading into the fall economic update and 2015 pre-election budget.

“Our goal is to reduce the federal debt from about a third of GDP [gross domestic product] down to a quarter by 2021, and we can achieve that without actually paying off any debt. That’s just the natural growth of the economy. And we may of course do better,” he said.


O YA BABY .....  (Oliver the Jewelry Buyer) 
 

In reality Canada will be going down DOOR NUMBER 2 and when we reached the bottom of DOOR NUMBER 2 we will remain there for LONG TIME. 



"We have emerged from the worst global economic downturn since the Great Depression with an economy that is, make no mistake, the envy of the world,"


(Harponi The Magnificent/Greatest Self Proclaimed Economist In The History Of The World.)

[blotter]

aside from commodities stocks, many of the individual stocks I like to track still really haven't dropped but if at all.    I keep looking for them to drop more but it's still not happening yet.

If they are in CDN $$$ they have dropped, are dropping and will continue to drop.

and hopefully that will create some buying opportunities for me.....

[ArticSteve]

and hopefully that will create some buying opportunities for me.....

How so? 

[blotter]

when the market goes down, there's no better time to buy!

Not that I put a lot into the stock hand picking portion of my portfolio but I'm hoping some stocks come down pretty good so I can scoop some up at depressed prices.

I've got plenty of time to see this stuff recover and if they keep paying a dividend in the meantime, the better.

[wing]

ACQ buy now

[blotter]

you'd think a company established in 1988 and now on the stock exchange will actually have a website...

"Our website is under development."

really.... 

[wing]

Who is that?  ACQ?  They do..
http://www.autocan.ca/index.htm

[blotter]

Who is that?  ACQ?  They do..
http://www.autocan.ca/index.htm

 

I must have typed AQC   
been one of those days

[ArticSteve]

ACQ buy now

Low hanging fruit has been picked.  Time to get out of that one.

[ArticSteve]

when the market goes down, there's no better time to buy!

Not that I put a lot into the stock hand picking portion of my portfolio but I'm hoping some stocks come down pretty good so I can scoop some up at depressed prices.

I've got plenty of time to see this stuff recover and if they keep paying a dividend in the meantime, the better.

I was alluding to the devaluation of the loonie vis-à-vis the green back.

[wing]

ACQ buy now

Low hanging fruit has been picked.  Time to get out of that one.

Oh really?  Up 11% in 2 days, should have bought when I said so and sold today

[blotter]

ACQ buy now

Low hanging fruit has been picked.  Time to get out of that one.

Oh really?  Up 11% in 2 days, should have bought when I said so and sold today

held out on a few good buys hoping the drop would continue.   
but most of the stocks I was looking at are heading back up.

the art of knowing when to pull the trigger, wait to long and you loose on a deal, pull too fast and end up overpaying. 

[Northernridge]

I'm now hoping for a decisiveness to the correction to define a good entry point since I've been in cash for a long while...with too much cash.

[aquadorhj]

I'm now hoping for a decisiveness to the correction to define a good entry point since I've been in cash for a long while...with too much cash.

seriously, northern...   911 is where you should spend the cash on.  since you have too much.   


i wish i had that problem.    

[Northernridge]

I'm now hoping for a decisiveness to the correction to define a good entry point since I've been in cash for a long while...with too much cash.

seriously, northern...   911 is where you should spend the cash on.  since you have too much.   


i wish i had that problem.    

See that's my tendency...screw the investment and feed the indulgence. I'm trying to be more mature.

I meant too much cash as percentage of my assets, not too much cash overall because...there's no such thing. 

[blotter]

I'm now hoping for a decisiveness to the correction to define a good entry point since I've been in cash for a long while...with too much cash.

seriously, northern...   911 is where you should spend the cash on.  since you have too much.   


i wish i had that problem.    

See that's my tendency...screw the investment and feed the indulgence. I'm trying to be more mature.

I meant too much cash as percentage of my assets, not too much cash overall because...there's no such thing. 

take 50% of your cash for 911  (invest the rest)
induldge!  go for it!   never know how long we have