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 Post subject: Re: Money Sense
Unread postPosted: February 5th, 2018, 6:52 pm 
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Joined: October 4th, 2012, 10:25 pm
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My husband just put more of his RRSP's into mutual funds.
:sad:
Do you think a big correction is coming Seoul?


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 Post subject: Re: Money Sense
Unread postPosted: February 5th, 2018, 7:13 pm 
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Fashionista wrote:
My husband just put more of his RRSP's into mutual funds.
:sad:
Do you think a big correction is coming Seoul?

I can't count how many calls and emails I got today asking me that same question. I would be lying if I said I knew the answer. But, what I can tell you is I don't see a muti quarter drop at this point. Fourth quarter earnings are solid.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: February 8th, 2018, 12:51 pm 
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Another wild day on the markets and it's not over yet.

The Dow has dropped as much as 680 points on Thursday, primarily because of concerns about the bond market and inflation.
Stocks have swung wildly over the past week. The Dow traded up and down in a 1,900-point range this month alone.

Here's what's driving the volatility.

1.Concerns about inflation ...

Stocks had been rising steadily since the election in part because the economy is so strong. Unemployment is historically low, and there are more open jobs than people to fill them.

Companies are starting to pay workers more to retain existing employees and attract new hires. Businesses will eventually have to raise prices on the stuff they sell to afford their growing payrolls.

Though the economy has been growing steadily for almost nine years, price inflation has remained stubbornly and mysteriously low.

The Federal Reserve combats inflation by raising its interest rates. The central bank has been unable to significantly raise its interest rates over the past decade, fearing it could stymie the economic recovery and perhaps cause prices to fall.

The Fed planned on raising interest rates slowly this year -- just three times in 2018. But if inflation picks up, the Fed could raise rates more often or more steeply than it had planned.

Related: Dow plunges 1,175 -- worst point decline in history

2. ... and interest rates

When the Fed raises rates, the cost of borrowing money increases. That means companies have to pay more for their loans, which cuts into corporate profits. It also means Americans will pay more for mortgages and loans.

Another reason the stock market has risen so much over the past year has been the steady growth in corporate profits. Companies are healthy, and investors have rewarded them by pushing up their stock prices.

When interest rates rise sharply, stocks often fall. Investors worry that businesses' profit parade will slow down.

3. Worries about the bond market

Stocks have also been on a tear because they have been one of the only investments with a decent return. U.S. Treasury bond yields have been so low that many stock dividends are paying better.

But stocks are a higher-risk investment than bonds, which are backed by the United States Treasury. If bond yields start to rise, investors will want to take some of their money out of stocks and put it into safer bonds.

Sure enough, bond yields hit a four-year high Thursday. The recent tax bill has forced the Treasury to borrow more money, which will put more bonds into play. A supply glut could devalue bonds. Prices and yields move in opposite directions, and bond buyers will want a higher yield (and lower price) to make it worth their investment.

Inflation is bad for bonds, too. If borrowing costs increase, bond investors will want more return -- a higher yield.

Attractive yields on a safer investment have made stocks suddenly less attractive.

4. Too far, too fast

Stocks have been rising pretty much in a straight line since November 2016, and that's not exactly healthy. Stock market analysts believe the stock market is long overdue for a 5% pullback or even a 10% correction.

A cooling-off period would be a good thing. It would make stocks cheaper and more attractive to investors, especially if the underlying companies are healthy, cranking out strong sales and profits.

The market finally began to come down to earth -- just a bit -- and investors wonder whether this is a much-needed correction or the beginning of a bear market. There could be a little groupthink taking place in the downturn.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: February 8th, 2018, 6:10 pm 
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The Dow plunged over one thousand points lower today. The Dow is 10 per cent below the record high it set just two weeks ago, putting it in what is known on Wall Street as a "correction."

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year

The market fell steadily as Thursday wore on and is on track for its fifth loss in the last six days. Many of the companies that led the market's gains over the last year have struggled badly in the last week. Those including technology companies, banks, and retailers and travel companies and homebuilders.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: February 9th, 2018, 11:50 pm 

Joined: July 8th, 2016, 10:25 pm
Posts: 7968
Location: Beverly Hills, 90210
Fashionista wrote:
My husband just put more of his RRSP's into mutual funds.
:sad:

I hope he's maxed out his TFSA allowance?

You can have one also, right, which is considered separate.


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 Post subject: Re: Money Sense
Unread postPosted: February 10th, 2018, 8:02 am 
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Angry White Male wrote:
Fashionista wrote:
My husband just put more of his RRSP's into mutual funds.
:sad:

I hope he's maxed out his TFSA allowance?

You can have one also, right, which is considered separate.

His company matches his RRSP contributions..

And yes, we have added to our TFSA's.


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 Post subject: Re: Money Sense
Unread postPosted: February 11th, 2018, 11:53 pm 

Joined: July 8th, 2016, 10:25 pm
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Location: Beverly Hills, 90210
Have you considered ETF's instead of mutual funds?

I won't fucking touch mutual funds, but there's some decent ETF's out there that can give you some nice reach, be it local or global, with less "operating expenses."


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 Post subject: Re: Money Sense
Unread postPosted: February 12th, 2018, 4:48 pm 
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Canada’s main stock index surged more than 200 points in a broad-based advance as U.S. stocks rallied for a second session in a row, erasing some of the massive losses suffered last week.

The S&P/TSX composite index advanced 207.35 points or 1.38 per cent to 15,241.88 on Monday, with materials and gold stocks leading the way.

In New York, the Dow Jones industrial average soared 410.37 points or 1.70 per cent to 24,601.27. The S&P 500 index was up 36.45 points or 1.39 per cent to 2,656.00, and the Nasdaq composite index was up 107.47 points or 1.56 per cent to 6,981.96.

On the commodities front, the March crude contract was up nine cents to $59.29 (U.S.) per barrel after sharp drops all of last week and the March natural gas contract was down three cents at $2.55 per mmBTU.

The April gold contract was up $10.70 to $1,326.40 an ounce and the March copper contract was up five cents to $3.09 a pound.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: February 20th, 2018, 12:23 pm 
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Trinidad Drilling, a drilling contractor I have worked with many times in the past is becoming the latest victim of Canada's anti industry stupidity. Trudeau and Notley's loss is a gain for American workers.

http://business.financialpost.com/pmn/b ... of-company
ALGARY — Three weeks after announcing it would move two idle Canadian drilling rigs and three from Saudi Arabia to greener pastures in the United States, Trinidad Drilling Ltd. has put itself on the block.

The Calgary-based oil and gas drilling company said Tuesday it has appointed a committee to look at options including a corporate sale or merger because its share price doesn’t reflect what it believes is its true value.

The news comes as Canada’s oil and gas producers continue to budget for lower exploration and production spending this year than their American counterparts — Peters & Co. has estimated Canadian spending will fall six per cent this year while U.S. spending rises 14 per cent.

Winter is the most active season for Canada’s drilling industry because the frozen ground permits access to more backcountry drilling sites.

In an interview in late January, Trinidad CEO Brent Conway said his American customers in the prolific Permian Basin in Texas are helping to pay relocation costs because they want to contract his rigs.

“What’s happening in the U.S.? They’re lowering taxes, they’re building pipelines and they’re starting to export oil,” he said.

In Canada, he added, “we’ve raised taxes, we’re increasing costs because of labour laws that are changing, we aren’t building pipelines and we can’t get federal or provincial governments to do anything to help us.”

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 Post subject: Re: Money Sense
Unread postPosted: March 1st, 2018, 8:42 pm 
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Dow plunges 420 points after Trump says tariffs are coming next week — with automakers and manufacturers getting hit the hardest

The Dow Jones industrial average plunged 420 points Thursday following an announcement by President Donald Trump that he would place new taxes on imported steel and aluminum. The index was down 589 points at its worst levels of the day.
The S&P 500 closed down 1.32%, making for the first time January 2016 that it fell more than 1% in three consecutive sessions. The Nasdaq 100 finished down 1.51%.
US Steel was one of the few stocks to stay in the green, gaining 5.75% on the news that foreign steel would be subject to a 25% import tax. Aluminum will be taxed at a 10% rate.

"Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world,” Trump tweeted Thursday morning. “We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!"'
Speaking on CNBC, Dan DiMicco, former CEO of steel producer Nucor, said a $1,000-per-ton increase in the price of steel could raise the price of a car by $200 or more. Shares of the company gained 3%.
http://markets.businessinsider.com/news ... 1017596059

I could understand tariffs on Chinese or Russian steel, but on Canadian steel and aluminum will cost Americans.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: March 9th, 2018, 6:51 pm 
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The Dow surged 441 points, or 1.8%, after the Labor Department reported that the economy gained 313,000 jobs in February. The Nasdaq closed at a record high, gaining 1.6%, and the S&P 500 climbed 1.4%.

Investors were watching the Labor Department's wage growth number closely.

"Overall the February jobs report is the best of both worlds -- strong job growth without accelerating wage inflation -- It's not too hot not too cold, a Goldilocks report," said Alec Young, managing director of Global Markets Research, FTSE Russell.

The Toronto Stock Exchange’s S&P/TSX composite index ended the day 39.11 points, or 0.25 percent, higher at 15,577.81. It is up 1.26 percent for the week.

The Canadian economy added 15,400 jobs in February after a big loss in January, but full-time positions shrank and wage growth decelerated.

The 10 best performers on the index were dominated by energy and mining companies, including Pretium Resources, Detour Gold and Freehold Royalties.

Copper futures advanced 1.8 percent to $6,957.50 a tonne, while U.S. oil futures jumped 3.2 percent to $62.03 a barrel.

Gold futures reversed earlier losses to trade up 0.1 percent at $1,323.50 an ounce.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: March 23rd, 2018, 9:18 pm 

Joined: July 8th, 2016, 10:25 pm
Posts: 7968
Location: Beverly Hills, 90210
Canadian stocks are underperforming big time. If it wasn't for the fact that most of my holdings pay dividends, I'd honestly be better with my cash sitting in a low interest savings account these days.

I don't know why things are so sluggish, but the solid growth of years ago seems destined to remain nothing but a memory.


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 Post subject: Re: Money Sense
Unread postPosted: March 24th, 2018, 7:22 pm 
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Angry White Male wrote:
Canadian stocks are underperforming big time. If it wasn't for the fact that most of my holdings pay dividends, I'd honestly be better with my cash sitting in a low interest savings account these days.

I don't know why things are so sluggish, but the solid growth of years ago seems destined to remain nothing but a memory.

I know what you mean, our investments are not doing well wither.


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 Post subject: Re: Money Sense
Unread postPosted: March 25th, 2018, 1:32 pm 

Joined: July 8th, 2016, 10:25 pm
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Location: Beverly Hills, 90210
I'm trying to build up investments for retirement, but at this rate things won't be as good as they should be. And this is all across the board!

The only things gaining in value around here that I see, is real estate. In hindsight, I should have bought a second condo and rented it out, as the gains would have been good. Of course, you now deal with renters, but they cannot all be scum trash...


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 Post subject: Re: Money Sense
Unread postPosted: March 25th, 2018, 1:38 pm 
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Angry White Male wrote:
I'm trying to build up investments for retirement, but at this rate things won't be as good as they should be. And this is all across the board!

The only things gaining in value around here that I see, is real estate. In hindsight, I should have bought a second condo and rented it out, as the gains would have been good. Of course, you now deal with renters, but they cannot all be scum trash...

We're in the same boat Mel..

But, around here real estate is stagnant too.


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 Post subject: Re: Money Sense
Unread postPosted: March 25th, 2018, 2:48 pm 

Joined: July 8th, 2016, 10:25 pm
Posts: 7968
Location: Beverly Hills, 90210
Winning the lottery seems to be the only solution these days. That, or high level drug dealing.


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 Post subject: Re: Money Sense
Unread postPosted: March 27th, 2018, 8:30 pm 
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Ya. We are focused more on coast area real estate of late for the reasons above .. seems the condo we got 3 yrs ago and live in has pretty much doubled to date

Those invested in US stocks a year ago + have done well though .. assuming they know when to bail

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 Post subject: Re: Money Sense
Unread postPosted: March 29th, 2018, 4:06 pm 
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We are seeing the tech wreck. The FAANG(Facebook, Amazon, Apple, Netflix and Google) stocks in particular are leading the market treat. The tech sector long term is till positive.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: April 5th, 2018, 6:31 pm 
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The Dow Jones closed one per cent higher at 24,505.

Strength in the energy sector helped push Canada’s main stock index to triple-digit gains Thursday as worries about a trade war between China and the United States eased.

In the end, the S&P/TSX composite index closed up 191.68 points or 1.26% at 15,356.05, led by energy and base metal

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: May 29th, 2018, 1:17 pm 
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At 2:07 p.m. ET, the Dow Jones Industrial Average was down 463.02 points, or 1.87 per cent, at 24,293.40, the S&P 500 was down 4.20 points, or 1.48 per cent, at 2,680.98 and the Nasdaq Composite was down 60.68 points, or 0.82 per cent, at 7,372.70.

Political crisis in Italy triggered a rush to safe-haven assets as the prospects of a repeat election in euro zone’s third largest economy raised doubts about the country’s future in the economic bloc. Some major bank stocks sank as much as 5 per cent after JP Morgan corporate and investment bank chief Daniel Pinto suggested second-quarter markets revenue would be flat on the year, driving 1.7-per-cent and 1.2-per-cent falls in the Dow and the S&P, respectively.

Canada’s main stock index also slipped lower on Tuesday due to losses in financial stocks led by Bank of Nova Scotia , which reported quarterly results.

The Toronto Stock Exchange’s S&P/TSX composite index down 87.05 points, or 0.54 per cent, to 15,929.10.

The financials sector fell 1.7 per cent, dragged by a 3.6-per-cent fall in shares of Bank of Nova Scotia.

Shares of Toronto-Dominion Bank slipped 1.4 per cent and were the second biggest drag to the financials.

The energy sector climbed 0.6 per cent as Brent crude pared losses, triggered by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall.

Shares of Kinder Morgan Canada Ltd erased early gains and fell 1.8 per cent after the Canadian government said it will buy the Trans Mountain pipeline project for $4.5-billion.

The Canadian dollar weakened to a more than two-month low against its U.S. counterpart as oil prices fell and the greenback broadly rose, while investors weighed a decision by Canada’s government to purchase a major oil pipeline project.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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