Stock Market in Canada

[Anonymous No.18352283]

Canabros, I really enjoy /smg/ - but, for those of us with limited American exposure there is not enough content. I propose a few topics for discussion herein.

Brokers
>Banks
>Interactive Brokers
>(((Wealth Simple)))
>(((Quest Trade)))

USD Investment
>Is having a USD Investment account worth the initial currency exchange?
>What percentage of a portfolio are people carrying as US stocks?

Stocks to Long (lifetime investments)
>High dividends: TRI, CWB, TIH, CU, FTS, ACO, EMA
>Consumer disc.: DOL, GC, TSGI, PBL, GWO, GSY, FFH
>WuFlu victims: CAE, MAL, WJA, BBD, AC, CHR

Stocks to Short (day-trading)
>No ideas, too risky for me.

Parliamentary Budget Officer's Report
>pbo-dpb.gc.ca/web/default/files/Documents/Reports/RP-1920-033-S/RP-1920-033-S_en.pdf

Trusted Websites
>fool.ca
>dividendearner.com
>canadiancouchpotato.com

[Anonymous No.18352336]

>>18352283
inb4 I am rarted

These two groups I would buy during the Valley of the Vancouver Virus and sell at the peak of the market:
>Consumer disc.: DOL, GC, TSGI, PBL, GWO, GSY, FFH
>WuFlu victims: CAE, MAL, WJA, BBD, AC, CHR

[Anonymous No.18352600]

Just got my CERB and will be spending it all on poutine and maple syrup. Only faggots trade TSX

[Anonymous No.18352637]

>>18352283
Im not a canacuck but will give you a bump fren

[Anonymous No.18352641]

Bump for interest.

[Anonymous No.18352851]

>>18352637

thanks, fren

[Anonymous No.18352911]

>>18352283
>high dividends
>posts stocks with low dividends
why did you do this?

[Anonymous No.18352976]

>>18352911
I posted stocks with dividends 10+ years, good dividend ratios and 3-7% yields. In the case of CU and FTS they have provided dividends for 45+ years consecutively. AD and SES are pumping massive yields 20%+ but, they're going cash broke doing it and you can see that based on their P/E.

[Anonymous No.18353089]

>>18352283


>Is having a USD Investment account worth the initial currency exchange?

absolutely

>What percentage of a portfolio are people carrying as US stocks?

my wife and I contribute to our rrsps via wealthsimple and I think their allocation is somewhere in the 30-40% range. I've read a few things on this topic but generally it's a good idea to have exposure to each country that's proportional to their gdp, but you should always compensate a bit to have some bias towards your home currency. So Canada doesn't contribute 10% to the world economy but you may still want 10% or 20% of Canadian stocks.

Anyways in my TFSA and day trading accounts I don't care about my exposure and just buy low sell high no matter what country.

[Anonymous No.18353156]

>>18353089
>Wealthsimple
>day trading accounts

I am very curious why you use Wealth Simple if you're actively day trading - especially U.S. markets. Interactive Brokers appears vastly superior.

[Anonymous No.18353251]

TD cuck here. Was short til the other week. Now Holding TD, ENB, hmmj, HEP. I have another few k in a 2.8% simplii high interest account that is ready to buy a further dip. Shit is too crazy atm to be heavy long or short. I do think that heading into US stocks to mitigate a further drop in CAD/USD would be okay but I am currently paid in USD atm so not too worried about that factor

[Anonymous No.18353291]

I really want to throw my savings into a long term investment account.. I just don't know if I'm better off with a TFSA or a regular margin account. I want blue chip American stocks, would a TFSA be good for that?

[Anonymous No.18353334]

>>18353156
oh sorry, I only use wealth simple for their passive roboadvisor rrsps and savings accounts, their trading platform sucks for US accounts

I do active trading with investorline

[Anonymous No.18353370]

>>18353291
you can't day trade in a TFSA so it is good for bluechips you want to hold, but you'll be hit by a 15% foreign witholding tax on dividend gains. If you want to avoid that and your plan is to just hold long term use an RRSP

[Anonymous No.18353450]

>>18353370
Gonna take note of that, thanks anon. Also, whats a good broker for a beginner? Looking at questtrade, based on a few articles, but idk

[Anonymous No.18353474]

>>18353450
If you're longing, banks are decent (CIBC has lowest fee I believe). If you're looking to day-trade Interactive Brokers looks good.

The anon you asked mentioned here: >>18353334
>I do active trading with investorline

[Anonymous No.18353541]

Is there a Canadian sqqq equivalent? Its retarded paying 9.99 usd broker fees to buy or sell TT

[Anonymous No.18353688]

>>18353474
Thanks anon, take a bump, wish a canadian general could stay active

[Anonymous No.18353694]

FYI it's more tax efficient to hold US stocks in RRSP because your dividends don't get withholding tax applied to them.

Trading Canadian stocks with a taxable account is more tax efficient.

[BagholderExtraordinaire !kDjFcJuZkQ No.18353925]

Market is only going up because it's Passover. V-shaped recovery is a meme, and remember that this is going to be a week that will live on in infamy. Worse than pearl harbor and nine-eleven combined.

[Anonymous No.18354117]

>>18352283

IFC. Boring stock, easy money at rebate.

[Anonymous No.18354283]

>>18353925
Tripfags OUT

[Anonymous No.18354382]

>>18353694
That is a really good tip, anon and it makes a lot of sense.

>>18354117
Do you know if Intact does large-scale reinsurance for other companies? I've had a hell of a time trying to find information about that.

>>18353925
>Passover
>pearl harbor
>nine-eleven
mfw he capitalises "Passover" but not Pearl Harbor and spells out 9/11. How's the nightlife in Tel Aviv?

[Anonymous No.18354739]

How do rrsps work if I max my TFSA? my goal is buying a house in a few years to retirement besides my pension plan is not exactly a goal. But Can I still use it to pay less tax on short term investment?
>>18353370
you can't daytrade in a TFSA
says who?

[Anonymous No.18354901]

>>18354739
Unless you are high income and already have a pension plan, I would highly discourage you from using your RRSP for a downpayment. If you max your TFSA with non-RRSP investments, your RRSPs still do not lose anything to tax until a point at which you draw from them in retirement. Think of an RRSP as a method to defer paying taxes.

[Anonymous No.18354924]

>>18354739
stuff in your TFSA can grow tax free

when you put money in your RRSP it reduces your taxable income for the current tax year, but you get taxed on any amount you take out. That's why it's used for retirement, you reduce your effective income tax today while you're earning good money and pay a much lower tax when you take the money out for retirement and have no employment income (you'll be in a lower tax bracket at retirement).

You can use up to 35K from your rrsp to buy a house, but you have to pay it back over 15 years I think. It's not taxed for this purpose.

>says who?
the CRA

[Anonymous No.18354939]

>>18354901
oh right. RRSP works as by taxing you at your lower marginal rate because you have lower income as a retiree. Not actually saving tax. Yeah that'd be dumb if my salary will only (hopefully) go up. Capital gains it is

[Anonymous No.18354973]

>>18354739
the CRA might say you were operating a trading business from the TFSA if you were day-trading and therefore send you a tax bill. However, they only do this if you made a shit load of money. No one is going to come after you for a few thousand in capital gains but if you make hundreds of thousands then they might come after you.

[Anonymous No.18355000]

I'm done being bearish, can't fight against (((them))). crazy how nothing has changed and markets are still being propped up, taxpayers will most likely pay for the damage done by the feds anyway. fuck this.

[Anonymous No.18355059]

>>18352283
>Is having a USD Investment account worth the initial currency exchange?'
Yes. Canadian stocks are as fucked as our economy. If you want real long term profits US ones are the only option.

[Anonymous No.18355081]

I got into BEP a little over a year ago. Turned out to be a good buy.

[Anonymous No.18355102]

WE RIDIN'

[Anonymous No.18355148]

>>18354739
>How do rrsps work if I max my TFSA? my goal is buying a house in a few years to retirement besides my pension plan is not exactly a goal. But Can I still use it to pay less tax on short term investment?
You can get a long-term zero interest loan against your RRSP for I think about 20-30k if it's your first time home purchase. You don't need to take anything out although they also have a program to let you do that too if it's to buy a house.

>you can't daytrade in a TFSA
If you want to actively trade in a tax shelter use your RRSP because the government rarely if ever enforces it's active trading rules on RRSP accounts (because the money that's withdrawn gets taxed on withdrawl). TFSA are a lot more subject to scrutiny because it's after-tax money that's not subject to capital gains or income tax. You can have your TFSA audited if you have a lot of money in the account even if you're not actively trading.

[Anonymous No.18355202]

[Anonymous No.18355205]

Where my oilchads at?

[Anonymous No.18355212]

I bought a RDS call istead of a put at 38 bucks. How fucked am I?

[Anonymous No.18355231]

Happening is cancelled

[Anonymous No.18355232]

Is the Bernout good for the market?

[Anonymous No.18355239]

>>18355184
Really good plays

Into early year I longed DDD and it rose nicely. Was long NVDa, it rose nicely.

Then towards late jan/all feb I was buying puts while also being long tech. I bought/sold a weekly NVDA call when it 315, and sold it over 312. Then immediately bought AMD puts which I sold a day after.

Basically. I hit both long side of the jan/feb rally, and was making money shorting asia while it was hit.

I exited all longs the thurs/fri before hellish -10% slam week. All hellish -10% week I had puts and cash only.

After this, I went long in mid march, early on purpose. Leveraged up toward the bottom in late march and rode the recovery till now long.

That's how you get +300%

[Anonymous No.18355263]

>>18355231

[Anonymous No.18355268]

>>18355102
Based biden, elder care facility stonks will be through the fucking roof in 2021 thanks to all the free media.

[Anonymous No.18355282]

>>18355232
Yes.

[Anonymous No.18355292]

>>18355197
True enough, it did align with RSI for that call but it's generally leading instead of lagging like RSI.

[Anonymous No.18355310]

I've been buing up AC, CVE, and PPL

This morning AC announced the re-hiring of 16,000 workers. This is why AC is soaring today. I bought in at $14.34, and now considering just taking my profits and waiting for another dip.

CVE sky rocketed on the news of the OPEC meeting, I bought in here at 3.27, not sure how the OPEC meeting is going to work out yet.

PPL is just a solid stock to hold in general. Pipelines are usually always strong investments, and one of the few safe buys currently.

[Anonymous No.18355319]

>>18355239
oh yeah for hell week the big -10% straight down one. I was holding GILD long/calls to be safer. Bought at 66 sold at 75, did the same again from 70 to 75

So I was actually net neutral during the crash but both my longs and shorts went up. I saw a unique opportunity to do that to ensure gains

[Anonymous No.18355332]

>>18355232
Health insurance companies are no longer worrying about being nationalized

[Anonymous No.18355334]

OP is a master hijacker

Real thread >>>18355204

[Anonymous No.18355347]

Remember how they stopped masks from entering Canada?

[Anonymous No.18355368]

>>18352283
expenses at ib vs questrade are virtually identical except options, where ib clearly wins if your trade volume is exactly between A and B.
WST is the only good options, mostly because canadians are ridiculously penalized on anything fun and profitable, such as US stocks and most kinds of options.
Day trading is considered "business income" and not capital gain as well.
Also, I don't see how the CAD can possibly get any lower, so I think now is about the worst time in history to invest into US stocks anyway. When CAD goes >0.8, then it's totally worth it, since CAD trends downwards overall (no fucking question why with the absolute fucking state of this corrupt shithole).

>high dividends
I recommend the following:

Misc:
T (Telus)
BYD

Financial:
RY
BNS
POW

Utilities;
CNQ
ENB

Oil (logistics):
IPL
PPL

SPB could also be good but I have a bad feeling about them.

For stock gains, I like KL (gold), otherwise basically just the obvious.

[Anonymous No.18355396]

>>18353156
You can't use wealthsimple to daytrade, they have 15m delayed data only and orders are a bit delayed. Last I checked they didn't even have stops. For US markets it's even worse since you pay >3% on a profitable trade.

[Anonymous No.18355411]

>>18354739
>says who
The fucking government. Prepare for the assrape of a lifetime.

[Anonymous No.18355425]

I'm hoping for a red day tomorrow to buy more stonks.

[Anonymous No.18355469]

>>18354973
This is based on something that happened to a handful of people who were severely exploiting the system. 99% of people will never generate enough in their TFSA to raise a flag, and RRSPs are for chumps.

[Anonymous No.18355473]

>>18355368
RY now or wait?

[Anonymous No.18355477]

>>18355231
You don't lift a quarantine as soon as you get few cases. You lift it months later and very slowly, step by step. You also typically wait to have an extremely low new cases rate, much lower than implied on that graph.

[Anonymous No.18355511]

>>18355473
All financial institutions are, in my estimation, completely safe buys right now. But I am one of those who don't believe we've reached the bottom yet. Also I expect the long-term financial impact of corona in canada to be significantly higher than anywhere else in the world.

[Anonymous No.18355520]

>>18355477
The nothing burger is over.

[Anonymous No.18355534]

>CAD>0.8
that is not going to happen in the foreseeable future. Its a race to the bottom for all developed nations. Gotta sell those exports as cheap as possible!
If you do convert. Do Norbits Gambit to save on conversion fees

[Anonymous No.18355568]

>>18355368
Great feedback, anon - I appreciate it. With Financials, specifically RY and BNS, have you noticed a steep decline in dividend offerings during recession (2008 was before my investment time)? I like energy and utilities precisely because they are less affected and can still maintain dividends (if at lower yields)

[Anonymous No.18355571]

>>18355520
>believing anything that comes out of china
Leafbro, I ...

[Anonymous No.18355586]

>>18355534
>that is not going to happen in the foreseeable future
That's exactly what I'm saying.
>Do Norbits Gambit to save on conversion fees
Norbert's gambit is not viable except at ibrk, everyone else charges higher per trade than conversion rates unless you're operating on many millions.

[Anonymous No.18355676]

>>18355520
China went as far as to weld people into their commieblocks, AND still had to lie about their numbers, supposedly paying companies to turn everything on to make it look like they're operational to give the illusion that everything is fine. Chances of a second wave are pretty high, yet still nowhere near as high as in the rest of the world where quarantines are only loosely enforced (e.g. except italy and co.)

[Anonymous No.18355706]

>>18355534
Also fellow canucks, if you’re investing in US index funds look for a currency neutral/currency hedged one because our dollar is toilet paper right now. If it appreciates with a rise in oil price you don’t lose your gains priced in USD. Once it’s close to parity again, switch to a non-hedged index so when it drops again you get an easy 25%+

[Anonymous No.18355722]

>>18355676
Nonono, everything is fine, the CCP said so.

[Anonymous No.18355862]

>>18355586
Worked for me at Questrade. It offers commission free ETF purchases.

[Anonymous No.18355866]

>>18355568
I started in 2010 so I don't know, but they haven't been slashing dividends so far and I hear through the grapevine that they're usually resistant to things like these.
As you say, energy and utility (and other inelastic and non-fungible choices like some telecoms) are great choices because not only they have good dividend yields, and they're always in demand regardless of what's happening. They'll never go under either.

[Anonymous No.18355888]

>>18355862
But you have to pay to sell it, which is the same rate as stocks. Thus still paying $4.95 (if you norbert an extremely small balance) or more realistically $9.95 flat.

[Anonymous No.18355910]

Welp I finally made my first million bros. It wasnt easy but the hardest part is over. We're all going to make it

[Anonymous No.18355959]

>>18355910
Through trading or salary?

[Anonymous No.18355978]

>>18355910
congrats anon!
really happy for you :D

[Anonymous No.18355980]

BRITANNIA IS UNSTOPPABLE

[Anonymous No.18356024]

>>18355888
still cheaper than a 2% hit. I find it funny TD Ameritrade(and others) offers commission free to USA customers but cucks their home country's customers

[Anonymous No.18356025]

>>18355959
Inheritance

[Anonymous No.18356031]

rate my target allocation bros

[Anonymous No.18356034]

Investing in lundin mining for gold exposure and. Silvercorp both are gonna go up lots when this is done plus dividends. Also look at suncor for energy sector high div and stock has dropped by half

[Anonymous No.18356062]

>>18352283
Buy husky energy 3 weeks ago. I'm already up 60% on 3000 shares. Only question now is do I dump and hunt for a new trade, or actually hold these long term. 15% dividend on commons ain't bad.

[Anonymous No.18356076]

>>18356031
where is your real estate allocation? Physical gold?

[SNSS Anon !!HfS/WWe3fGn No.18356104]

Bought some TRGP on Friday, the amount it dumped is directly tied to the oil prices and it can easily climb back up over $20 a share. They also have a sick-ass dividend anyone would like if they recover. Like QYLD level divvies.

[Anonymous No.18356123]

>>18356025
jesus, how much did you get taxed

[Anonymous No.18356147]

>>18356076
I work for a real estate PE shop in Canada. Part of that 15% is an allocation to our prospectus-exempt product that employees are allowed to invest in despite not being accredited investors. The remainder is an actual P/E vehicle we're launching to invest in R/E across Canada. So it's fairly direct exposure to RE, not REITs

that said, REITs are great value right now, I just can't invest in them due to trading restrictions at my workplace

[Anonymous No.18356149]

>>18356062
>do I dump and hunt for a new trade, or actually hold these
You do know what a trailing stop order is, right?

[Anonymous No.18356156]

>>18356024
>funny
Disgusting, but also completely expected. O Canada! True cuckoldry love in all of us command.

[Anonymous No.18356232]

>>18355980
It's the common cold after all

[Anonymous No.18356262]

>>18356147
I dont see how a RE correction doesn't happen after this nothing burger passes. Debt/Income at 1.80(only going higher rn)

[Anonymous No.18356273]

>>18356031
If you bought into the US segments long enough ago, 6.5/10 long term. Too much int'l which never goes anywhere. Also too much crypto, would keep it under 10% and more like 5%.
Canadian real estate is probably the only safe real estate because it's the most corrupt on the planet, thus guaranteed to be saved. That said I think REIT would be better bang/buck than straight RE as you're getting right now.
Other than that, it depends on the underlying specifics. I'm assuming it's mostly ETFs or even worse, (((mutual funds))), so I can only give you 6.5 for this.

[Anonymous No.18356313]

>>18356262
real estate will probably have some of the best long-term tailwinds coming out of all this given that rates are going to settle at a new, lower normal. With all this printing going on, having assets that offer inflation protection will be important.

[Anonymous No.18356315]

Accumulate REFR

[Anonymous No.18356384]

>>18356273
I've literally constructed this entire portfolio post-crash since I was almost all cash going into it. I've just been DCAing into various index funds for all of March and still have 23% cash or so to continue doing so. SPY average in the high 250's or so.

All of this has been funded with cash I pulled out in 2017-18 from crypto. It's a market I'm very familiar with and has treated me great since 2013. I'm still very confident in the long-term upside in Bitcoin eclipsing any other asset class on earth over the next 5-10 years.

Would buy REITs but I can't due to trading restrictions at work.

[Anonymous No.18356413]

>>18352283
Thanks so much anon for making this!
I'm heavily into...
RNW (Renewable Energy, Good Financials, 6% yield, monthly dividends, only down 10% from high)
CHE.UN (Boring chemical company, monthly dividends, stable but took a huge hit)
PONY (My moonshot - book value is over $1 billion, market cap is less than $100 million, ripe for acquisition)
and I have a fair amount in ZPL, a provincial bond ETF for safety.

I daytrade on WealthSimple, and it's tricky. Basically using TMX to get real time quotes. Thinking of making the switch.

[Anonymous No.18356545]

>>18356384
If you're familiar with cryptos then nevermind what I said with reducing your proportion, it's about at the right level.
If all of this is post-crash, then I believe all your US portfolio are mediocre buys, even more so if you DCA'd, assuming standard fee structures, no norbert, and a 0.70 CAD, unless you're planning to hold this for over 15 years with no trading activity, or you're planing to hold this for over 10 years and this represents metric fucktons of money to the average /smg/ poster.
I project a 10% increase in CAD within 5 years for this estimate and compare potential upside using TSX 60 and S&P 500 for reference.

[Anonymous No.18356595]

>>18356413

No problem, fren.

You've really sold me on RNW - I like TransAlta and this renewable spin-off has all the benefit of an established utility with the nice "green" packaging.

[Anonymous No.18356658]

>>18356262
I was looking for an RE correction to buy, and I figure many others are as well. But foreign buyers will probably make up the difference of Canadians exiting the market.

[Anonymous No.18356692]

>>18356413
>I daytrade on WealthSimple
I and others have reported issues with trade delays, and lack of stop orders. How do you deal with this?

[Anonymous No.18356720]

>>18356147
>people can’t make rent
>foreign buyers can’t backstop nosebleed prices as they can’t enter the country
>buy REITs!
Yeah, nah

[Anonymous No.18356759]

Whats everyones take on the marijuans industry do think it will ever get better? Is it worth picking up cheapies right now?

[Anonymous No.18356766]

Friendly American pump since you have such a smol tiny population ... breakaway from those buck teeth islanders kk by

[Anonymous No.18356798]

>>18356658
>foreign buyers
you mean Chinese?
I was thinking of shorting REITs that hold non agency mortgages. I anticipate the government.and Bank of Canada stepping in if we have anything close to the 2008 usa housing collapse
But maybe its different this time

[Anonymous No.18356864]

>>18356545
Hard to agree with you that buying the greatest dip in ~5 years has been mediocre, especially since I went into this crash literally 100% cash. My SPY average is basically at the low end of this entire trading range since 2017 and I've got a sizeable chunk left to deploy hopefully on a second leg down.

I've got a decent amount of exposure to the CAD as well but Canada is a shitty economy and a shitty currency, and I don't know why anyone would want to be overly-exposed to it outside of home-country bias. The USD is literally the de-factor world reserve currency and I feel quite comfortable with the exposure. Some of it is CAD-hedged via VSP but some is direct SPY. I should probably take down my international exposure and re-allocate elsewhere though.

>>18356720
Well considering REITs have sold off 30-60%, this is somewhat priced in. The pain will differ by sectors, don't go touching malls or strip centers or hotels unless you've got an insane risk tolerance, but certain asset classes will do just fine. Apartment operators collected like 90% of rents in April and tend to cater to the white-collar salary worker with a stable job vs the class-B hourly wagie who got laid off from Target. Industrial properties will see long-term ecommerce tailwinds intensify as people increasingly shop for everything online, and certain segments of the economy that cater to e-comm are still expanding and signing industrial leases in this environment. You've also got data centers and towers which have long-term structural tailwinds that again will probably accelerate with increased mobile data usage and cloud compute usage.

Couple all that with long-term rates that are going to settle at a new lower normal and likely continue moving lower and you have room for cap rates to continue compressing when things normalize. Giant, well-capitalized funds like Blackstone are going to continue buying up shit in the private market.

[Anonymous No.18356895]

>>18356864
It’s pretty obvious you’re talking your own book. I wish you luck with your strategy.

[Anonymous No.18356974]

>>18356025
does that really count as "making your first million"

[Anonymous No.18357085]

>>18356864
>Canada is a shitty economy and a shitty currency, and I don't know why anyone would want to be overly-exposed to it outside of home-country bias.
Agreed, in normal circumstances you should go 100% US in my opinion. But it's a question of timing. A crash like this one doesn't recover overnight and I think you can consider a year's worth of gains wiped out by having invested in us stocks now. for the recovery, Canadian stocks should perform as well as US stocks, so you shouldn't be gaining there (except if you go heavy on oil, but even then there are good canadian oil-related stocks. However, for crude, you have to go US, no choice about it). I also consider the fees paid because you could have invested fee-free with wst. If it is a sizable amount of money, this is irrelevant, but if not, this wipes out another year's worth of gains. I count years only after the crash to account for similar expected recovery profiles for US and canadian stocks.
Finally, depending on your composition of large-caps and mid-caps, they might recover significantly less than the rest of the market (e.g. if they're tech companies).
I'm not saying you're not guaranteed to win, I'm saying you are paying a large fee that you didn't need to pay.

[Anonymous No.18357413]

For what it’s worth, my home value spiked a week ago. RE is gonna moon soon I think.

[Anonymous No.18357447]

>that $8 candle wick
Nice try Bobo

[Anonymous No.18357461]

>>18357413
>RE spike
>when RE is so ridiculously overpriced nobody can afford shit
>when banks don't give mortgages anymore except to the richest billionaire chinks
No fucking way.

[Anonymous No.18357501]

>>18357413
>t.It's different this time

[Anonymous No.18357535]

>>18356759

I am literally looking through Aurora and Canopy reports now, they are at severe losses right now. Tough to say whether they'll remain solvent - but, it's risky for certain.

[Anonymous No.18357536]

>>18357461
Houses are overpriced because people CAN afford shit with this easy money mortgage situation. If the fed ever raises rates (lmao), that’s when you’ll see a downturn.

[Anonymous No.18357549]

>>18357536
>Houses are overpriced because people CAN afford shit
You must not be past high-school yet.
>this easy money mortgage situation
You must be 12 years old. Oof!

[Anonymous No.18357595]

>>18352283
>Trusted Websites
>>fool.ca
wat

is the motley fool actually good in canada or something?

[Anonymous No.18357644]

Maybe I am retarded, but that Fed Minutes reported sounded like some of the worst outlook news we have heard in a while. And oil inventory is suffering even worse problems than expected. So why did everything surge up? These aren't short term issues, but explicitly multi-month impacting. Forward looking my ass, this is bear market rally if there ever was one. The only question now is what happens first, we start moving down again or the rallying bears bankrupt me?

[Anonymous No.18357645]

>>18357549
Jackass, I just bought my house not too long ago and I was competing against guys who had no business slinging around the money they were. People are/were getting massive mortgages to bid %10 over asking because of how easy the money is to get. You are full of shit.

[Anonymous No.18357660]

how do taxes work if I'm a jobless NEET investing my tuition money

[Anonymous No.18357673]

>>18357660
What are taxes?

[Anonymous No.18357674]

>>18357660
do it in a TSFA so you don't have to deal with them

[Anonymous No.18357680]

>>18355676
The more you guarantine the longer the pandemic lasts. 2nd wave is very weak because people who are gonna get it already got it like All pandemics and All coronas is the case.

Also guarantines do not help much in hong kong people got sars infected living 15 floors above ill patient neighbor thru air. So it takes that 1.5 month and then it's over, simple as that. Now it has peaked almost everywhere and on the downside. Also in addition medications that work against it are alrady in use

[Anonymous No.18357716]

>>18357645
t. ameritard

[Anonymous No.18357730]

>>18357674
my TFSA is with TD but I do stonks with Wealthsimple, how do I transfer it

[Anonymous No.18357735]

>>18357644
Free 0 interest debt, some companies are in good shape and are just down because the index is down and are going to be able to refinance their debt lower. Small business and any business that's not open right now will get wiped, any business that's open and was in good shape before this are good bets. Walmart & Dollar store stocks will rally

[Anonymous No.18357740]

>>18357730
What kind of account did you open with wealthsimple?

[Anonymous No.18357761]

>>18357730
you have no choice but to sell your shares and transfer to wst. If you were to use wsi instead, you could transfer in kind straight from a tfsa but they don't allow this for wst and don't transfer between wsi and wst.

[Anonymous No.18357816]

>>18357740
>>18357761
I have a TFSA savings account (not stonks) with TD, but now I realize that's dumb and a bad way to use a TFSA

My WealthSimple account is a normal personal account with $2k in it

[Anonymous No.18357859]

>>18357816
If it's wsi then you can't trade with it, you have to make a wst account for that. The platforms are, so far, completely separate.

[Anonymous No.18357890]

>>18357859
Sorry it's Trade

I'm the Raytheon anon from /smg/

[Anonymous No.18357891]

>>18357735
Those conservative companies that are going to be in good shape after this is over aren't the ones up right now. That is the problem and why this is bullshit bear rallying.

[Anonymous No.18357950]

>>18357891
>bullshit bear rallying

I don't entirely buy it - WAY WAY WAY too many people are incredibly bearish everywhere I look

[Anonymous No.18357995]

>>18357816
Think that means you'll have to pay the 50% capital gains taxes when you sell your shit if your account isn't a TSFA/RRSP

[Anonymous No.18358052]

>>18357950
That is what I mean. This rally is quite literally held up by shorts flooding the market. People are gonna sell eventually when momentum runs out and they realize no one else is actually buying. I think people are going to get crushed when it falls and right now the big wigs are crushing the smart short sellers because money. Maximum pain for everyone. The bear market hasn't ended, the bears are simply bearing the bears right now.

[Anonymous No.18358062]

>>18357995
capital gains is 50% of base tax rate, but I'm a NEET, so I don't have any other income, so it's just 7.5%, right?

[Anonymous No.18358070]

>>18357816
You can open up as many RRSP/TFSA's as you want. Just don't go over the max contribution

[Anonymous No.18358096]

>>18358070
you can have more than one TFSA?

this changes everything

[Anonymous No.18358125]

>>18358062
It's 50% of your gains that are 'taxed' (50% of gains are added to your income and is then taxed according to your bracket)

[Anonymous No.18358157]

>>18357595
No.

[Anonymous No.18358236]

0,5% away from death cross

[Anonymous No.18358247]

>>18358096
>>18358070
>The ability to transfer cash or assets between your Wealthsimple Trade accounts is not currently supported, but we hope to add this capability in the future! Currently, funds can only be moved into a Wealthsimple Trade account via a direct deposit from a linked chequing or savings account.
>If you wish to use funds that are already in a Wealthsimple Trade account, you would first need to withdraw the funds to a linked bank account and then make a subsequent deposit to the desired Trade account.

Well that's mildly gay

[Anonymous No.18358334]

>>18358096
in relation to this discussion, don't forget that if you sell your TFSA, you can't reinvest the amount by which you sold until the next calendar year.

[Anonymous No.18358337]

>>18358247
Thats completely retarded. It takes 1-3 business days to transfer from bank account to broker

[Anonymous No.18358377]

>>18358334
I went full retard because my financial advisor told me to and my TD TFSA is literally just a savings account

[Anonymous No.18358406]

YOU READY FOR THE PUMP?

[Anonymous No.18358464]

>>18358377
Oof, that's harsh. Even my advisor went out of his way to tell me savings accounts are for retards even though I was never looking at one.

[Anonymous No.18358646]

>>18358334
Max contribution room is $69,500.
I doubt anyone here is close or above this. You would have to hit it big, with the few thousand leafbucks that most people have here, to come close to the max contribution room in one year.
Good rule to keep in the back of the mind though in the future.

I dont think the TFSA as we know it today, will exist in 20 years. Unfortunately. Most zoomers and millenials will prefer this account over a RRSP and the government will see all $ that has poured into the TFSA since its inception and salivate at the potential tax $$$ they can squeeze out of it. I really hope im wrong

[Anonymous No.18358885]

>>18352283
Any good Canadian ETF to suggest?

[Anonymous No.18358918]

more manageable now, they added this shit 5 minutes after regular market closed

[Anonymous No.18359179]

>>18358646
>I really hope im wrong
You're talking about canada, the country that hates its people so much it would do anything in its power to obliterate them if there was no risk of the international community intervening. Anything canada can get away with in terms of fucking over their people, they do as soon as they can. To government employees, thinking of new ways to backstab the people is the favored coffee break game.

>I doubt anyone here is close or above this.
I have my rrsp and tfsa maxed at all times and have to put the rest into a regular account, the only good thing about working for FAANG while being cucknada-based.

[Anonymous No.18359389]

>>18359179
do you make USD from your job?
>obliterate them
of course. The gov't can just replace them with immigrants

[Anonymous No.18359525]

>>18359389
I get paid in CAD all the way, except for the sign-on bonus which was USD and the RSUs that sell for USDs but that's not cash anyway. Otherwise I would basically be twice as rich.

[Anonymous No.18359555]

alright frens I went to TD and closed my TFSA savings account with them and opened a normal non-registered account

Now I just need to start moving money from my personal wealth simple account, to TD, to my wealtsimple TFSA

fuck this is obnoxious

[Anonymous No.18359760]

>>18359555
on second thought wealthsimple makes this a huge pain in the ass so I'll just let my $2k in my Personal account be trading/ play money and use the TFSA for sensible long hold investing

[Anonymous No.18360023]

>>18359760
>>18359555
email them and tell them they are retarded and you are annoyed at the process. Light a fire under their ass so instead of "in the future" they do it soon.

[Anonymous No.18360106]

For people with WealthSimple Invest accounts, what kind of portfolio do you suggest? My RRSP account has risk level 6 (65% equity/35% bonds). Is that too safe for a guy in his late twenties?

[Anonymous No.18360148]

>>18359555
just dont hold US dividend stocks in the TFSA because you have to pay a 15% withholding tax to Trump on the dividends and Trudeau won't give it back via the foreign dividend credit.

[Anonymous No.18360314]

>>18360106
>For people with WealthSimple Invest accounts, what kind of portfolio do you suggest? My RRSP account has risk level 6 (65% equity/35% bonds). Is that too safe for a guy in his late twenties?

You're young, which is great - probably another 30-35 years working and building savings. I think that for right now (6-18 months) ~100% cash/cash equivalents is what most conservative investors will be holding, some folks might throw 5%-10% of their savings into some high-risk in the coming months. When we are slowly leaving the inevitable valley created by all this unemployment/oil depreciation/wuflu, you'd be in a great time to buy a lot of stock - especially those that yield dividends like utilities companies, grocers, financial companies... in 6-18 months.

TL;DR wait a few months then buy more stock (50-75%)

[Anonymous No.18360358]

>>18360106
>Is that too safe for a guy in his late twenties?
honestly I think so. I think the whole "diversify into bonds" is a meme at this point as back in the day when this was more prevalent bonds paid a much MUCH higher interest rate. Also, given that we see the US fed will literally do ANYTHING to prop up their stock markets, and most global stock markets follow the US markets, I think stocks are pretty safe for the long term. this is just the opinion of a random anon but you should reconsider your allocation. Also with the prevalence of the internet you can easily monitor your portfolio and if SHTF you can sell some of your stocks.

[Anonymous No.18360389]

>>18359555
Fool! You could have requested a transfer!

[Anonymous No.18360496]

>>18352976
your a bitch

[Anonymous No.18360593]

>>18352283
>Each day has that big drop in last 5 minutes
Come on Jerome keep your finger on the button for the full trading session.

[Anonymous No.18360689]

>>18360314
>>18360358
Thanks!

[Anonymous No.18360965]

BOBOBO FUTURES ARE RED

[Anonymous No.18360974]

FUCKFUCKFUCKFUCK

BEARS BLOWN THE FUCK OUT

I BLEW IT!!!!

[Anonymous No.18360986]

why are americans stealing /smgc/

[Anonymous No.18361024]

>>18360986
it got linked at the death of regular /smg/

[Anonymous No.18361081]

Wtf? Did futures just do a tiny gap? Kek'd

[Anonymous No.18361123]

Government is jewish with that 50% capital gains tax, I should move to Puerto Rico, they have a 25% capital gains for foreign nationals.

[Anonymous No.18361184]

burger in leafistan here. Any idea how to open an American brokerage account? Can't invest in anything here as an American.

[Anonymous No.18361236]

>>18352283
>Canada
kek

[Anonymous No.18361238]

>>18358236
send pic

[Anonymous No.18361362]

>>18361123
12% capital gains in Uruguay after a 5 year exemption for foreign residents. Getting ripped off Canada, too much deadweight in Canada living off the government.

[Anonymous No.18361524]

>>18360358
>>18360689
don't listen to this guy, timing markets is stupid thing to do with anything other than play money.
Average down. spread your investment over several months starting now. It might go up in which case glad some money was in. Might go down in which case glad you didn't go all in. It's about hedging bets. The market goes up long run always without fail. it's just maximizing gain and not needing money in the middle of a crash from there. Personally I just have direct deposit every 2 weeks go set and forget than send the rest of my left over money on a trading account.

If The goal is retirement I would go the riskiest they have. If the goal is buy a home in the next few years or something but you can afford to wait a bit longer depending on markets than do like 70-30. If you NEED yo buy a home in that time do like 30-70 If you have an upcoming financial obligation than don't do stocks at all. Otherwise if its just in general extra money do it 60-70

[Anonymous No.18361858]

>>18361524
You're the most retarded poster in this thread by a wide margin.

[Anonymous No.18361938]

>>18361524
>Average down.
Do all leafs have room temp IQ or something?

[Anonymous No.18362228]

>>18358885
>any good Canadian...
Let me stop you right there.

[Anonymous No.18362376]

>>18361938
No, but you really have to go far out of your way to find those who aren't.

[Anonymous No.18362391]

>>18361858
>>18361938
how am I wrong?

[Anonymous No.18362500]

>>18352283
How do I learn stock markets, precious metals and trading?

[Anonymous No.18363151]

>>18362500
Google, youtube, trial and error, always doing the opposite of what /smg/ says, and getting your dick dirty.

[Anonymous No.18363169]

>>18362500
youtube, google, lurk /smg/ /pmg/

[Anonymous No.18363192]

Who plans on leaving Canada once this shit calms down?

[Anonymous No.18363239]

>>18363192
I am. I've been preparing for a while already, just need to tie some loose ends. Hopefully the CAD will still be worth at least half a USD by then.

[Anonymous No.18363271]

>>18353541
you could try HSD

[Anonymous No.18363299]

>>18363192
I'm good, I was thinking about heading to the US before but I realized that Canada's response has been great and I think this pandemic got rid of all the dumb polarization that bled through from south of the border. Provincial and fed governments are working together and working together well despite party differences. If anything this recent fiasco with 3M has made it clear that Canada has to adopt some protectionism and economic nationalism - and I'm down to help start such initiatives.

[Anonymous No.18363310]

Buy bitcoin boomers

[Anonymous No.18363331]

>>18363310
Bitcoin is fucking dead. That shits gonna be bearish for years.

[Anonymous No.18363333]

>>18363299
>Canada's response has been great
AAAHAHAHAHHAHAHAHAhahhahahaHAHAHHAHAHAHAHahhahahahahahahahahahahhahahahhhahahaHHAHAHHAHAHAHAHAHAHAH
MY SIDES
Where do I go to apply for your job? I too would like to shitpost the most naked lies ever seen on the 5chins for money.

[Anonymous No.18363374]

>>18363333
what's your issue with the response? other than closing borders earlier (which even WHO and most other countries recommended against), the fiscal stimulus and war times manufacturing response has been great

[Anonymous No.18363412]

>>18363374
Canada is nothing more than a jointly owned client state of the United States and China used to extract cheap service labor and debt slavery for the true patrons of the nation who use it for money laundering.

https://twitter.com/globaltimesnews/status/1246392146334068737

[Anonymous No.18363460]

>>18363412
that applies to US and Chinese citizens too, US citizens are basically the new Chinese and are just used for cheap labour with minimal rights to feed an economic engine that just exists to bloat share prices. You're literally better off as a Canadian citizen than a US citizen if you tap into Canada's social systems and simply trade SPY. You get to reap the benefits of poorly treated US labor and still live comfy.

Mind you I'm a bit of a nationalist, I could make a lot more in the US with where I'm at in my career but I'd rather help out Canadians here.

[Anonymous No.18363493]

Is it time to go all in on HXU?

[Anonymous No.18363535]

>>18363374
They didn't properly close the border to this day, people are still allowed in, out, and sideways, except those with no residential status (which can still get in if they're traveling to another country). There is still no testing in airports. There is no proper testing inland either, with provinces having to decide their own guidelines. Here are examples:
- Quebec: Except if you explicitly request it at which point you have to take an appointment date (but the phone service is often cut during business hours - does the 'disconnected' tone with no feedback), have traveled outside the country in the past 14 days rolling, and have all the symptoms. If any of these conditions aren't true, you can't get tested even if you're dying.

- Ontario:
Only healthcare personnel and those with severe symptoms get tested, and only provided they have all the symptoms.

These also change all the time, and the exact status can only be known by manually checking provincial sites. For a partial review of current variability in testing, see
https://www.cbc.ca/news/health/covid-19-testing-variations-1.5520812
Note:
>Many don't test people outside those targeted groups, even if they have symptoms, and most even require people within those groups — such those who've been in contact with someone who has tested positive — to have symptoms before they can be tested.
Other points have not been raised, such as the lack of real contact tracing (close colleagues are not tested or made aware when someone they worked with tests positive).
There is no quarantine in any province currently. In some provinces, instead of letting people get food and prescription drugs without getting into contact with people, they restricted the opening and closing times of shops and the number of people inside, as well as rationing prescription drugs. This of course significantly increases contact rates.
[cont]

[Anonymous No.18363538]

>>18363192
Coward. Stand and fight.

>>18363299
Pic related. (White) Canadians are waking up, Chang.

>>18363412
>2010
https://www.theglobeandmail.com/news/politics/government-infiltrated-by-spies-csis-boss-says/article4392618/

[Anonymous No.18363562]

>>18363538
not sure why you think I'm chang when I'm advocating for economic nationalism and protectionism

if anything it's the posters that want to leave the country that sound like they're new immigrants with no commitment

[Anonymous No.18363610]

>>18363562
I didn't read the last sentence of your post. Perhaps you are not a Chang. I too would like to see increased nationalization and development of our economy, however I consider the actions of our Federal Government in response to WuFlu indefensible.

[Anonymous No.18363613]

>>18363535
When testing changes, does it broaden the set of people tested?
>But on April 2, Quebec's public health director, Dr. Horacio Arruda, said the province was no longer testing travellers, contacts of people who tested positive and people with mild symptoms.
Of course not!
There was a limitation to the working order of business that are non-essential. Right? No, because virtually everything was considered essential.
Paper pamphlets (a fantastic way to spread covid) are being delivered to every home in order to teach people to watch their hands.
Canadians abroad get as only aid during this shit the right to get a full-interest loan.
The aide program during covid applies to virtually nobody, and it's currently impossible to reach the CRA for any reason (line is cut) all-the-while many tax returns aren't going through - it is likely they're not even going to make good on this scam.
There is no real enforcement of private congregation/social distancing either (they were mostly designed to be unenforceable anyway).
The fact is, Canada has had the worst response bar none in the entire first world, and has had a worse response than many 3rd world countries, including Brazil, India, and several civilized African countries.
Name ONE thing - just a SINGLE thing that canada did right.

[Anonymous No.18363654]

>>18363562
people that call others chang on this board are usually low IQ thats why lol

[Anonymous No.18363747]

>>18363192
Yea probably heading to Puerto Rico or Uruguay to start a business, both countries have great tax incentives, easy to start business.

[Anonymous No.18363835]

>>18355310
Check AOI and AFE

[Anonymous No.18364407]

>>18363747
they are also third world and have crime rates as high as inner city Chicago

[Anonymous No.18364455]

>>18364407
That's still an infinitely better deal than staying in canada so long as you can manage the crime rate. Every other metric is superior by a mile.

[Anonymous No.18364627]

>>18364455
yea just build a gated house(wont draw attention kek) and stay inside 23hrs a day

[Anonymous No.18364790]

>>18364627
You should go live in a "good" 3rd world country for a few months, it will open your eyes.

[Anonymous No.18365001]

>>18364407
I'm not gonna go there to live in a poor area, its actually fairly safe.

[Anonymous No.18365396]

>>18364790
>>18365001
you could find proper tax structures in USA and Cucknada and not endure all the risks associated with living in a third world.
Just remember that Americans and Canadians get taxed on worldwide income despite where you live in the world. You would have to renounce your citizenship to avoid this.

[Anonymous No.18365430]

>>18364790
>>18365001
you could find efficient tax structures in USA and Cucknada and not endure all the risks associated with living in a third world.
Just remember that Americans and Canadians get taxed on worldwide income despite where you live in the world. You would have to renounce your citizenship to avoid this.Your citizenship encapsulates more than just getting cucked on tax

[Anonymous No.18365557]

>>18355205
Husky Energy mogul checking in

[Anonymous No.18365676]

>>18365430
>Your citizenship encapsulates more than just getting cucked on tax
does it really? We're the most cucked nation in the world. Trudeau himself said we are a post national state with no identity other than being a dumping ground for all the escaped third worlders.

[Anonymous No.18366527]

>>18365676
Use the freedom you have now, to speak out against the immigration policies. They are being slowly eroded

[SOXL_shill No.18366847]

Hello frens. Wondering what to do in these uncertain economic times? Well.. SOXL is the answer.
Face it; semiconductors are crack in all but name. The desire for newer, faster, more is insatiable. Computers, GPUs, self-driving electric cars, AI enhanced smartphones, medical devices, microcontrollers, networking gear, machine learning, surveillance, infrastructure, military, the list is endless. No matter how many cores, how fast or efficient, demand requires bigger, faster, cheaper, better. The clamor for fresh silicon gives nary shit for national identity, creed, hue, gender, asshole virginity or other vain conceit; the multitude speaks in singular. The plea: semiconductor.
SOXL couples a single ETF entry point with the the best companies the space has to offer then pushes these already stellar returns to the limit with 3x leverage. With SOXL your economic interests are aligned with powerhouses TSM, Nvidia, Qualcomm, Intel, Broadcom, AMD, Micron, Texas Instruments, Applied Materials, et al. Real tech companies with innovative products people want, not """tech""" """companies""" pushing shitty ads. And like all leveraged ETFs, SOXL is rebalanced daily, deftly mitigating margin risks.
In the last 7 years, barring the coronavirus interruption, SOXL has exploded over 55x yet still we are early. Semiconductor growth will proceed exponentially until every viable space is saturated with it. This is a fait accompli; the sheer number of interested parties and compelling outcomes make it so. The injection of increasingly compact and efficient sensors, microcontrollers, information processing and storage into everywhere and everything will be this era's seminal revolution, a revolution with SOXL holders planted firmly at the receiving end.
Stop waiting for more "pullback". The crash was a gift and fretting over the exact bottom is meaningless. Deliberation is over; waiting is a failure mode. Now. Buy it now.

[Anonymous No.18366936]

>>18363493
Solid TA

[Anonymous No.18366967]

>>18352283
Soon

[Anonymous No.18367382]

Know nothing about investing but saw everything was down, opened a questtrade account and threw all my money into VEQT.

Did I do good, Canabros?

[Anonymous No.18367730]

>>18367382
>he bought the bag

[Anonymous No.18367738]

FUCK TRIPFAGS
FUCK JANNIES
ALL IN SPXL

[Anonymous No.18367793]

>>18367730
w-what's the "bag"

[Anonymous No.18367928]

I declare this thread the new /smg/

[Anonymous No.18367990]

>>18367793
>doesn't even know how heavy his bags are

I almost envy your stupidity