Money Sense

[Anonymous]

One of the most common mistakes I see is people trying to time the markets. Fund managers rarely time the ups and downs of individual stocks right, so how can the average investor. Attempting to time the market, like most other active trading strategies, produces at best a modest premium that roughly pays for the work needed to generate the excess profits. (At worst, you lose much more in herd behavior and trading fees than you gain in value.)



Unless you're planning to retire very soon, there's no reason for you to be looking at the day-to-day movements in your TFSA's and RRSP's. You probably lost a lot of money in the last week. And you know what you can do about that? Nothing.



Every decline has been followed by a rebound. Sometimes it comes right away. Sometimes it takes weeks or months. But when it comes, it comes quickly. If you wait until the rebound is clearly visible, you've already missed the biggest gains.



For the vast majority of us, investing is — or at least should be — a long-term game. We're saving for retirement, college or other expenses that are years if not decades in the future. Over that kind of time frame, this week's market turmoil doesn't matter.

[cc]

Attempting to time the market, like most other active trading strategies, produces at best a modest premium that roughly pays for the work needed to generate the excess profits. (At worst, you lose much more in herd behavior and trading fees than you gain in value.)

Great advice. I need reminding of that from time to time

[Anonymous]

The Canadian dollar is trading down nearly half a cent in overseas markets..



The Dow is down too.

[cc]

After early selloffs and 1 1/2 hour dive, prices improved steadily



TSX Close: +230.66 +1.75%



DOW Close: +619.07 +3.95%

[Anonymous]

Big news in the oilpatch, Schlumberger buys Cameron for $12.7 billion.

http://www.wsj.com/articles/schlumberger-to-buy-cameron-international-for-12-7-billion-1440584852">http://www.wsj.com/articles/schlumberge ... 1440584852">http://www.wsj.com/articles/schlumberger-to-buy-cameron-international-for-12-7-billion-1440584852

[Anonymous]

After early selloffs and 1 1/2 hour dive, prices improved steadily



TSX Close: +230.66 +1.75%



DOW Close: +619.07 +3.95%

yay, let's hope this is a continuing trend.

[cc]

Overnight

Shanghai Composite Closed +5.34%

All Europe up ~4%



As of 11:30 EDT Thusday

DOW +1.5

TSX +2 .5

[Anonymous]

It's not directly about investment trends, news or information, but it is the result of the oil price collapse.



Oil-price plunge could cost Ontario billions in equalization

http://www.cbc.ca/news/business/oil-price-plunge-could-cost-ontario-billions-in-equalization-1.3204437">http://www.cbc.ca/news/business/oil-pri ... -1.3204437">http://www.cbc.ca/news/business/oil-price-plunge-could-cost-ontario-billions-in-equalization-1.3204437

[Anonymous]

Overnight

Shanghai Composite Closed +5.34%

All Europe up ~4%



As of 11:30 EDT Thusday

DOW +1.5

TSX +2 .5

I was hoping there would be a movement upwards yesterday in our invested money, but no, it didn't happen.

 

[Anonymous]

Stocks have regained almost all the losses they experienced in the past week..



Oil is over $45 a barrel..



And our mutuals are regaining lost ground..



Let's hope the momentum continues.

[cc]

Stocks have regained almost all the losses they experienced in the past week..



Oil is over $45 a barrel..



And our mutuals are regaining lost ground..



Let's hope the momentum continues.

Bank screwed up and did not effect purchases in TFSA accounts when market was down.  Thus buying when low was not successful. May just sit on it in safe stuff and hold off until next low

[Anonymous]

Stocks have regained almost all the losses they experienced in the past week..



Oil is over $45 a barrel..



And our mutuals are regaining lost ground..



Let's hope the momentum continues.

Bank screwed up and did not effect purchases in TFSA accounts when market was down.  Thus buying when low was not successful. May just sit on it in safe stuff and hold off until next low

I wish we never switched from our conservative growth portfolio..



We would have made our money bank by now..



This must be what seoulbro means when he advised not to try and time the markets.

[Anonymous]

The Golden Age is Over: Billionaires Dumping American Companies

http://moneymorning.com/ext/articles/rickards/the-golden-age-is-over.php?iris=337599&utm_source=taboola&utm_medium=referral">http://moneymorning.com/ext/articles/ri ... m=referral">http://moneymorning.com/ext/articles/rickards/the-golden-age-is-over.php?iris=337599&utm_source=taboola&utm_medium=referral

Nobel Prize winning economist Robert Shiller has released data showing that U.S. markets are now seriously overvalued. According to his proprietary research, stocks have inflated to almost 2x their historical value. And his recent appearances major television networks included the warning: "This is not the Golden Age for Investing."



Now there's evidence that suggests he's not the only well-known investor taking money out of the U.S. markets.



Warren Buffett recently dumped his entire $3.7 billion stake in America's largest company.



And legendary international investor George Soros cut his number of market positions by over 30% in less than three months. He's already moved nearly $2 billion out of U.S. stocks and into safer havens overseas.



Are these multi-billion dollar moves out of US stocks by some of the world's richest men a warning sign that more serious economic problems are approaching?



According to Jim Rickards, the CIA's Financial Threat Advisor, the answer is yes.



In a startling interview, he reveals the activities undertaken by the Fed inside the Financial War room at the Treasury.



However, it's the findings of an alarming report issued by his colleagues inside all 16 U.S. intelligence agencies that make this interview a must-see for every American.



Take a few moments to see what they fear could begin within the next six months and decide for yourself.

[cc]

Good stuff Fash. No matter what any bankers or advisers  etc. say, I'm leery of making a move on indexed items . .especially US.



And with the election here, I'm leery of Canadian market.



Not playing "expert", just logic and a gut feeling that keeps saying "be careful... many are overpriced and the world is not stable now"

[Anonymous]

Jeez Joey, you just HAVE to start threads, don't you?



This is the last time I'll bother to mention it, but you were told the "money sense" thread is where people will be to discuss financial items.



I don't waste a lot of  time with spoiled brats. My response to your question is no contextual response



There, I'm done with you. You can start yet another thread and talk to yourself

Well cc, there are so many aspects to money that really....the money sense thread ought to be a sub-forum.unto itself. Just like the politics subforum.



There's investing, money management, saving for retirement, etc.



Because its such a diverse subject it can also be confused with something else.



Should ask fashionista.

You are right Frank, we could divide this into a sub forum..



But like I told you, this is so important to all of us that I want it at the top, easily accessible for anyone to read..



It's a new week, let's see what how the markets perform.