rukawa

I have US cash. I'm Canadian but taking a trip to Nashville. What is the best way to buy gold bars. I can buy at a big 5 Canadian bank but then I pay the exchange rate conversion and possibly get a worse price. Is there any convenient options in the US. I would prefer not to buy online because I'm concerned about theft.

Where did you find it? EDIT: Nevermind...found it at sedar. Surprised this isn't on their investor website.

Thanks. Very helpful.

I own shares of MHY.UN (Marret High Yield Fund Strategies). This company announced several distributions as follows: https://webfiles.thecse.com/MHY_Distribution_Announcement_Dec_2021_FINAL.pdf?2XyIz5vWnFSPsoFQN4Sq_c2cvareJ3AU How is this viewed by the CRA for tax purposes. Is this a dividend or return of capital? If its a return of capital I'm assuming I reduce by acb to zero until I register a capital gain. I'm not sure what MHY.UN is. It calls it itself a fund but its exchange traded. I'm assuming I treat as mutual fund which is return capital back to unit holders. But I'm confused.

I purchased A Sonic Aerospace a singapore company on Interactive Brokers (IB). It has a warrant which expires on April 3rd that is in the money. There doesn't appear to be a way to sell the warrant since i don't think its traded on an exchange...or at least IB doesn't have a price for it. Does anyone know how I would exercise this warrant on IB?

Actually, I think forced delisting of chinese companies from US stock exchanges could create up some interesting opportunities. Like what?

What other Go-Privates do you own? How do you size these?

Definitive merger agreement came in June of 2020. Spread is <5%. But original advice of writser was correct as its take 3 years for this to get to this phase.

I've read a Brothers, Notes from Underground, C&P and the Idiot. I would say if you haven't read one just read Notes from Underground. Its short and brilliant.

Wow....you do realize that the design of the internet was the product of government research right? :) In fact when I read the history of how it happened I think it would have been pretty difficult for the internet to have been done without government since it required a 20 year incubation period where all the kinks were worked out. Actually these days I can't even imagine it being done within government...time horizons have shrink too much.

There are a few things I've found working from home the past two months. I was less productive when I did WFH and everyone was in office pre-Covid. But I'm more productive now that everyone is working from home. I think the difference is that WFH employees were usually second thoughts when everyone was in office..so managers would not call you, meetings often had no conference line to call, people would not be at their desk so you had a hard time reaching people. But now that everyone is WFH you have the opposite effect...everyone is reachable easily. Its interesting to see how this will play out. I work at a bank and its pretty obvious they will save huge amounts of money on office space if all their employees worked from home. They recently spend millions training and outfitting "ecosystems" where there is no assigned desks and you just sit anywhere...I asked the person working on this why they were willing to spend so much money and it basically came down to huge savings on real estate since there would be less desks than people. But WFH renders this idea really stupid....why even bother with an office?

Yes. Only ones that weren't from the screen are the cruise lines. Hawaiian Holdings which i bumped on its thread looks very cheap.

Following stocks look cheap. Found them with a PE >1 and PE <4 screen. This gave 150 stocks which had valueline reports...narrowed down to the following. Children's place looked particularly interesting...no debt, high returns on equity...very cheap. delta airlines alliance data systems Royal carribean, norweign, carnival viacom (VIAC) fiat diamond back eqm midstream enable midstream brinker international delek logistics dana incorporated designer brands discover capri holdings commercial vehicle conn inc comerica caleres amc networks giii aparell gap haiwaiian holdings husky energy kohl's corp macys mednax modine manufacturing movado marlin business pbf energy dave and busters children's place spirit airlines sally beauty signet jewellers spirit aerosystems texas capital united airlines unum group

The problem is caused by all of you being stupid assholes. If you were rational you would accept that to avoid shortages in situations like this markets have to rapidly increase prices to multiples of normal levels. But you don't accept it. You complain and moan about price-gouging. You punish retailers that do increase prices to rational levels by refusing to ever shop their again. You complain to your politicians who promise to investigate these evil retailers. The result is shortages and hoarding. And then you have the audacity to complain about the shortages. Its like cutting off your hand and then complaining that you are losing blood...of course you are dummy. These problems could be solved if prices responded rationally. They don't because of you stupid assholes. Its not a supply problem..its not a demand problem...its a stupid market, stupid person problem. Lineups, shortages, rationing...this is what socialism looks like.

As far as I can see the stocks with the biggest cliff drops have been airlines and cruise companies. I don't know of any other companies that have seen such big hits.

Young indians live with their parents. People are incredibly social, its a very warm friendly culture and cities are extremely crowded (google Indian trains). The whole country has horrible hygiene. And the people are stubborn as fuck. The public health system is horrendous. I mean they still have leprosy in the country despite the government offering the anti-biotic for free. And yet they haven't been hit by Corona in a big way. India was good at screening people at airports and quarantining people based on that. But once the virus get inside the country I can't see how they would be able to control it. Maybe the hot weather will save them. The real Corona bombs will be countries with warm extended family cultures like India and Latin America...its especially dangerous because these countries are getting hit last and so they are pretty complacent.

Exponential growth and compounding are studied in high school. I don't remember even covering this in university (mine education was in engineering) except in passing....it was just assumed you obviously knew it. Proper statistics and sampling I learned much later. However I've never believed anyone really has a grasp on how to do anything reliable with statistics...the field has been filled with pseudoscience and bullshit from day one especially in the soft sciences. The only people who were able to use it effectively were physicists and they used it in a fashion very different than almost every other field...they tend to use it deductively instead of inductively. A physicist will start with a model which may have a probabilistic feature to it and reason from the assumptions of the model to statistical conclusions. They almost never reason the opposite way from data to models....they never do things like linear regressions. Its the reasoning inductively that ends up being a mess generally. Its really shocking to me how prescient Keynes was and how correct he was about the problem inductive problems in statistics (Tinbergen debate and Keynes book on Probability theory). I think it will be another 150 years before we really figure out how to properly reason with statistics if ever.

Cruises have long (perhaps unfairly https://www.cdc.gov/nceh/vsp/pub/norovirus/norovirus.htm) been associated with norovirus outbreaks aboard. I don't think the cruising public will punish cruise ship operators for covid19 months/years after the coronavirus hysteria is over any more than they have in the recent past for the occasional norovirus outbreak aboard. The lure of a cheap vacation in the tropics is too much for most to pass up. And oil is down big and likely going lower as OPEC+ falls apart so a major cost for cruise operators just got reduced. Honestly I don't think cruises are that cheap and I really really don't understand the appeal. I am not a buyer of cruises, but a simplistic analysis of Carnival says its cheap if you think this does not permanently change the industry's supply / demand/profitability/pricing power. Has made about an average 10%-11% (I did not precisely calc this and just eyeballed it) or so ROE since 2005 and it trades for 0.7x book. If you assume it gets to its historical ROE and is worth book to a slight premium in say 3-4 years (note that the range in the past 5 years is like 1.4x-2.0x pre-corona) then you could make some decent dough. So while I'm not a buyer (I'd rather buy less directly affected stuff for slighlty more expensive prices to "normalized" earnigns/asset value whatever), I can understand the appeal as a mean reversion play. When you compare to other stuff that's down 20% or 30% and may have already been cheap before, I can't be enticed to buy something so directly in the bullseye of this. I can see the appeal in the short term for bears: high fixed costs, probably some construction committments, may even need to raise some capital, etc. etc. Do you think that if this kills 0.2% of infected people under 30 and is gone in a year or 2, that college kids aren't going to go on a spring break cruise? according to my 5 second google, only 30% of carnivals customers are over 55 (this is surprising to me). I was comparing carnival to auto part suppliers like linamar which i did think were cheap at less than 6 times earnings. Carnival was at over 6 times earnings. Since my post its dropped significantly. Now its under 4. I now do consider it actually cheap even considering the crisis. Unless people stop going on cruises completely or they run into a cashflow problem. Haven't looked at their liquidity yet.

Cruises have long (perhaps unfairly https://www.cdc.gov/nceh/vsp/pub/norovirus/norovirus.htm) been associated with norovirus outbreaks aboard. I don't think the cruising public will punish cruise ship operators for covid19 months/years after the coronavirus hysteria is over any more than they have in the recent past for the occasional norovirus outbreak aboard. The lure of a cheap vacation in the tropics is too much for most to pass up. And oil is down big and likely going lower as OPEC+ falls apart so a major cost for cruise operators just got reduced. Honestly I don't think cruises are that cheap and I really really don't understand the appeal.

A "win" would to have the discipline to avoid trading into and out of the S&P and just sit on your hand and do nothing.

Convert CAD to foreign currency. It seems you are not using margin then why keep the margin loan? The margin load essentially has the effect of hedging your fx exposure.

Do you examine which margin loans where used to buy stocks that are dividend paying or just take the total interest expense?

I use IB to invest in foreign stocks. IB's default is that you just invest directly in the foreign shares and they setup on automatic margin loan. They charge interest on the margin loan and they pay you interest on your cash balance in CAD. When IB send you your tax forms your T5 will automatically have the interest coming from your Canadian cash balance. However the interest you paid on your foreign negative cash balances is something you have to declare as Interest expenses on money borrowed to earn investment income which is line 221 of the federal tax return. As far as I can see the CRA only allow you to claim this interest if you are buying a share that is expected to pay dividends. See here: https://www.taxtips.ca/personaltax/investing/interestexpense.htm I'm curious as to who has done this before and how they normally deal with this?

Seems like corona virus hasn't really done much so far to individual stocks. Carnival has gone down about 50% and trading at a 6 p/e which is cheap but not that cheap considering how directly its impacted them.

IB's website says https://www.interactivebrokers.ca/en/index.php?f=13406&p=tfsa