Cor

For those of us less familiar with the Kennedy era and stocks at that time, what exactly are suggesting by “Kennedy moment” in the context of Mr. Market?

Thank you, today is looking better than Friday to add

My personal opinion on software vs AI for what little it’s worth is this: AI may help smaller companies build software that matches what the big boys already have and maybe even better by adding novel features more quickly vs having to go through all the red tape at a large company. However, because SaaS customers are often enterprise and not B2C (and this is key), I can’t see a reality where customers stop doing business with say someone like Salesforce to switch to a half priced AI-native alternative (even if you assume that the switch is frictionless). In enterprise SaaS things can go wrong. When businesses depend on the tools for critical business processes (think ERPs, inventory management systems, etc) they want to be dealing with a reputable SaaS vendor, not a startup. I am of the opinion that startups cannot support medium/large enterprise customers nearly as well and large companies can. Then come issues of cybersecurity, uptime/reliability… At the end of the day, SaaS is not THAT expensive even at $1M/year for a business worth billions. Even taking that expense down to $100k/year shouldn’t make a material difference to quarterly earnings unless I’m really missing something here? My assumption here is that most large SaaS companies would have the bulk of their revenue coming from mid-market/enterprise accounts who would not trade cost savings for vendor reputation, supports, security and uptime. If the core base of customers is SMB, I would think differently about the risk to a SaaS company in this new environment.

They announced a major acquisition to the tune of ~3.5B, largest in their history I believe. The sell off could have been a reaction to that?

It seems the Exxon exec is putting his reputation on the line making predictions such as these - both in terms of dollar range and approximate timeline, all based on depleting inventory levels. I don’t think he would saying that publicly unless Exxon actually believed this? Interestingly, at least in this excerpt, he doesn’t mention the SOH reopening timeframe and ongoing negotiations. Wouldn’t that be a counteracting factor? It seems a lot of oil volatility in recent oil peaks and troughs has been speculative, and most strongly correlated with tone/press releases of the ongoing negotiations? Today the negotiation statements make it seem as if the deal is almost inked? What do you gents think?

Thank you for the reassurance SD. I’m just a lowly newbie trying to learn the ways.

This is encouraging, thank you for the additional data point!

Is anyone else thinking of unwinding their oil exposure/has already? Seeing the Feb futures coming back down over last few days - is the party over?

Thanks you guys for the replies much appreciated! Spooky, appreciate the Vanguard link, great place to start looking for sure. What I was getting at with TFSA is if the 6mo thing doesn’t quite work out, I heard some countries don’t view a TFSA as tax free vehicle and you would get taxed the same a regular margin account.

Hey fellow Canadians, looking for some help with retirement planning for senior family members. Does anyone have recommendations for a portfolio mix? They’ve been advised to do 50-50 bonds/stocks by an advisor. I’m wondering if you were to go through Questrade or IB what would be a good bond fund to buy to satisfy this component? Or are we thinking about this the wrong way? We were also wondering if anyone knows the tax implications of holding in a TFSA while retiring abroad (Portugal in particular)?

Hey SD, did you see earnings for PD? This seemed like no so good news? “Net earnings attributable to shareholders in the first quarter was $17 million compared with $35 million in 2025. Our lower net earnings in 2026 was due to higher share-based compensation expense and increased depreciation expense from the change in useful life estimates.“ Saw PD was down 10% on the sell off as compared to other Canadian small caps. Are you still holding this one?

Thank you SD. Always appreciate your input.

To those holding any Canadian equities like OBE, PD, WCP, CVE… would you start selling now? It seems equity prices have not run up like crude has. All of them seem to have bottomed out around April 2025 and it’s been pretty much straight upward momentum ever since. The extra pop due to war seems like… it hasn’t happened yet if you’re looking at a 1 or 2 year chart? For someone who has been holding these a while, would now be a good time to lighten up (say 25%)? Or are we expecting these equities to continue going up regardless of what happens to price of crude over the next few weeks?

Thanks!

Greg can you please clarify this to a newbie? If you take LLY today for example, are you suggesting selling a put at 710 strike dated say Nov24? How soon after do you typically close this type of trade?