MikeL
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Posts posted by MikeL
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8 hours ago, Parsad said:
Although, I didn't really start investing (value framework) until 1998...did perfectly fine to the run-up in 2007, but then saw the writing on the wall in late 2007.
we all know how hard it is to call the exact top, it seems like you did it. May I ask what make you identify it in late 2007 rather than earlier, a lot of people would have sold out prior to that time.
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There are parking lots outside the building, last year, they charged $10/day, people lined up @3AM in the morning in order to get a good seat.
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another round of consumer product price increase might come soon, even though cost of goods might not increase, but companies are all greedy, they want to take this opportunity to make more money, same as retailers, that's why consumers got double hit...at least that's the case in Canada
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there are 2 kinds of supporters: one truly believe it has value, the other doesn't feel it has value, but think people can benefit from speculation by "buy low sell high".
for the latter, key question is: at what price you are comfortable to buy, and what price you think it should be sold?
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1 hour ago, dealraker said:
Old dealraker is chatty this a.m.; don't take me too seriously.
Some amount of look-back as to macro posts during all the previous era's would probably produce some amount of lessening of intense worry. Years ago in the 1990's I simply loved Bill Fleckenstein's posts about the dot com and subsequent profitable tech severe over-valuations, he was perfectly right. Then Hussman comes along, he's a terriffic read too, his stuff at one time literally made more sense than anything to me.
Still, I just read and held stocks and such. March 9, 2009 was also entertaining for me...you say "that's sick Charlie" but remember I'm hardened from the 1980-82 period when prime was 20 and I had a $500,000 personal baloon loan out that I was not able to make bank delivery on. But anyway...
We have leaders...elderly supposed billionaires who literally, and I mean literally, are out scaming and begging the poor for money every day --- along with elderly, extremely elderly who can barely read the teleprompter, in office leadership. They are elderly for so many reasons...they are all out-of-it via age and their completely separated from reality life. Day-traders...very old leaders of the USA are insider trading and my guess is that's more their focus than you think.
Ain't it awful?
Kennedy, in my growin' up era was 3.5 decades younger. Clinton, comparatively young, in my view was simply brilliant. No, I do not align with a political party! I like the quick thinkers who are scheming enough to force others to compromise.
In any event I picked a few things out of the blue. One of the posts changegonnacom made included "I woke up and..." All I will add is that all kinds of "stuff" is in your guys future and more so on average than me because I'm older than most of you. You have absolutely no clue whatsoever what this "sfuff" is.
Again, I always state that what you are obsessed with now is missing what is far more relevant and important...that you aren't even aware of. I assure you it is there and waiting to (as changegonnacom would say) wake you up. My guess is that it is so significant that the macro you write about today will be lost from your memory.
In any event I processed all that was "awaken" in this discussion years ago, you should have too. We quote hedge fund runners, they'll be new ones and we'll quote them too. Jim Chanos will be out and shout; Hussman's still looking for "he was right high five's" (that's called fees no matter the performance) from his bunch. My guess is we'll have difficulty going forward with having free elections and some of you will initially like that, but then most will eventually engage to stop such and it will be very ugly trying to stop what "we" allowed.
My guess too is that if you don't go nuts one side or the other and get yourself killed or imprisoned you'll live a lot longer. And investments, not cash, will be the way to go. Along with that I'll further say that avoiding the current euphoricly supported winners will enhance your investment outcome.
We seem to be obsessed with Meta and Google. Old dealraker will simply say one thing: Bet cha the bargains are elsewhere...'cause that's almost always the case.
Don't take me too seriously, just chantin' and chatting up some of my biased and slanted stuff. Wife and I are headed out for a few days of NC hiking in the mountains.
Was just yesterday, October 2021, ARK was supreme...SAAS stock raging and
I really enjoy reading what you wrote, have a nice hike and please keep posting.
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Yes, you can.
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I remember from the past annual letters many years ago, WB mentioned they tried to expand See's to the east coast, but it was not successful, due to brand recognition.
I doubt the 3 days thing, if they sell >75% of volume in Dec, they are going to need a lot of capacity in Dec to produce See's, for the rest of year, the production lines don't have much to do.
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Problem is there's no guarantee of no damages if rent out. management fee is not a concern, it's the damage to the property I am worrying about.
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Thanks Viking. That was our plan too and we should stick to it.
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Yes, the house in Calgary is about half of the price in GTA. and you are right, I was anchoring on a higher price which made me hesitated. Thanks for the advice.
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We are a couple in early 50s living in GTA, have one kid working and living in Seattle. We decide to move to Calgary as that's closer to Seattle and we like the mountains. so we bought a house in Calgary last month, and now when we tried to sell the house in GTA (paid off mortgage, no HELOC on it), the housing market slowed down. we could still sell it but have to lower the price by about $200K than we originally planned.
I work from home permanently, wife has a good job in GTA but has to quit if we move to Calgary.
Now we couldn't decide between these 2 options:
Option 1, cut the price and sell the house to move now, wife will lose the job, but we can invest the money from selling the house.
Option 2, wait until housing market in GTA recovers, hopefully in the near future, in that case, we could rent out the house in Calgary. we have a friend in Calgary who can help manage the rental. Personally I don't want to rent out the house in Calgary for reasons: nice house might get messed up by tenant, and I hate to ask for help from friends.
So... I am stuck here, any advice is much appreciated.
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I don't think it works in Canada as well
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found this file for you, on page 26, it has some tax info, check it out.
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Aren't you worry about the share dilution of CTS.TO?
2018: 64m
2019: 77m
2020: 102m
2021: 200m
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Questrade doesn't show cost base for BAMR, the BAMR share shows up as a distribution on T5008. yes, the dividend on the first line is regular BAM quarterly dividend. I have already reported in my tax filing.
Thanks for the help!
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Thanks KCL, I have checked it many times, the T5 they gave me only reflects the regular dividend. Also checked CRA my account, it matches what Questrade provided to me, no T5 for the special dividend.
I found it hard to believe as well. They shows up in account activities as Corporate actions, not dividends, maybe that's the reason?
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Thanks Pedro, that happened to me before.
This time, it's the right account, got all other T5, but missing the one from BAM special dividend.
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Thanks Rod, that's what I was thinking. never had a situation like this before, I guess I will wait and see what CRA will do when there's a discrepancy between my tax filing and T5 on their file.
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Need some help here.
Questrade didn't provide T5 for BAM special dividend in 2021, I have been in contact with them for the last 3 weeks, and still didn't get anything. what should I do when file tax with CRA:
1, file tax with the special dividend based on my own calculation. since CRA didn't have the T5, they will for sure issue an inquiry asking me to provide supporting documents
2, don't file the special dividend. this will match what CRA has on file since the broker (Questrade) didn't provide the T5 to CRA as well, but I just felt this is not the right thing to do.
any advice is much appreciated!
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Everybody is saying: with interest rate goes up, asset price goes down
People also said: cash is trash with high inflation
I got confused, because if you know interest rate goes up, and asset price will go down, why wouldn't you hold cash now so you can buy stocks or RE when their prices go down.
If you don't want to hold cash, then what would you buy now to hedge inflation? commodity?
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Do you happen to know the minimum amount requirement?
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6 minutes ago, Gregmal said:
Managing your buying power(cash, liquidity, etc, whatever you want to call it) and sizing your positions properly are IMO two of the most important things. If you get those right, you can make a lot of mistakes and live to tell about it. Theres lot of people who get 4/5 right and the 1 wrong kills them. And then theres people who get 9/10 right but if its too small it doesnt matter. Balance and evolve. The right answer today isnt always the right answer tomorrow(or even an hour from now).
@Gregmal is this something you can learn from reading books/articles, or you have to learn it the hard way by practicing and making mistakes.
I am new to investing, I don't play with options and I don't short. how can I always have dry powder to deploy when market dips.
Sorry if it's a silly question.
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So.... I wonder what will cause GTA house price to go down?
If houses are bought by rich immigrants, what about affordability to working class?
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