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by deaddog
14 May 2021 16:15
Forum: Community Centre
Topic: Humour (2021)
Replies: 135
Views: 15776

Re: Humour (2021)

Post deleted - Rule 3b applied - Moderator W
by deaddog
13 May 2021 19:43
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

deaddog wrote: 13 May 2021 09:54 Selling this morning;
PLC @ 33.68
CLIQ @ 7.10
CWX @ 9.07
I'll update gains and losses later.
This morning I culled 3 stocks that were not performing.
A recent purchase PLC didn’t follow thru on the breakout like I had hoped. Quick loss of about ¼ of a percent of the total portfolio. The price loss was 4.2% down from the purchase price.

CLIQ was purchased in Nov; price gain was 16% and gains were 1% of the portfolio
CWX was purchased in Dec; price gain was 24% and gains were 2% of the portfolio.
Both these stocks traded below their 50 day moving average.

Portfolio is now 26% in cash.
by deaddog
13 May 2021 09:54
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Selling this morning;
PLC @ 33.68
CLIQ @ 7.10
CWX @ 9.07
I'll update gains and losses later.
by deaddog
11 May 2021 00:24
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

AltaRed wrote: 10 May 2021 23:55
deaddog wrote: 10 May 2021 23:36 Are you saying they can never go down and stay down for a few years?
Does not matter if they do for a period of time.
I does to me.
If I had owned them in 2020 I would have sold when they broke the uptrend.
It seems silly to me to watch my capital disappear when it doesn't have to.
If nothing else it give me a feeling of being in control. Probably just in my mind but isn't a good nights sleep important?
The markets, as a whole, always trend to the northeast.
A long term trend following strategy with no risk control. You are putting your future in the hands of politicians and bureaucrats.
by deaddog
10 May 2021 23:36
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

AltaRed wrote: 10 May 2021 22:41 That problem does not exist if one holds the world, e.g. XEQT or VEQT.

Stock pickers are subject to almost everything being outside their contro. Avoid catastrophic losses by owning the world rather than picking stocks.
Are you saying they can never go down and stay down for a few years?
by deaddog
10 May 2021 20:35
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

For me, the diverse, lomg term hold approach has worked out well enough, and meant a lot less activity in the markets - good when you can't be as hands on, or are no longer inclined to be. Not a criticism, just my attempt at some humour: Someone who's made more than a few bucks over the years once said of stop-loss orders (to paraphrase), "if I buy a house I like that's worth $100,000, why would I tell my broker that if someone comes along and offers $90, then I want to sell it." :wink: I have never had the experience of a prolonged bear market or been in the market during a depression. Up until now I hadn’t experienced a pandemic either. I know as a former buy and hold investor that bad things can happen to what I think is a goo...
by deaddog
10 May 2021 11:09
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

deaddog wrote: 07 May 2021 10:54 Watching Kirkland Lake (KL.to)
Forming an O'Neil cup with handle set up.
If it trades above 50 again to day I'll open a position.
Position opened at 50. ~9% of portfolio.
Stop @ 45 Risking ~1%
about 5% in cash that may be used to add to existing positions.

Now I wait for something to trigger a sell
by deaddog
09 May 2021 19:32
Forum: Retirement, Pensions and Peace of Mind
Topic: Financial planning assumptions
Replies: 33
Views: 4532

Re: Financial planning assumptions

Do you give these assumptions any more credibility than you do the weather forecast?

There should be a list of the assumptions we make that may not come to pass and that no one plans for.

Number one on the list is that you'll stay married. That can turn out to be one costly assumption.
by deaddog
07 May 2021 21:35
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

deaddog wrote: 07 May 2021 10:54 Watching Kirkland Lake (KL.to)
Forming an O'Neil cup with handle set up.
If it trades above 50 again to day I'll open a position.
Didn't get back to 50 so no trade.
by deaddog
07 May 2021 17:40
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Shante wrote: 07 May 2021 11:40 What tools do you use to monitor?
I use a charting program. (Stockcharts.com)
by deaddog
07 May 2021 10:54
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Watching Kirkland Lake (KL.to)
Forming an O'Neil cup with handle set up.
If it trades above 50 again to day I'll open a position.
by deaddog
03 May 2021 16:15
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Added to my small position of SPOT near the end of the day. $0.82
Stop is moved to $0.70 and the average price paid is $0.67 (almost no risk)
% of portfolio is around 2%.

Price had tried to go down and buyers came in to push it back up.
Goldspot has a normal course issuer bid in place, maybe they are holding the price up.
by deaddog
03 May 2021 12:27
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Shante wrote: 03 May 2021 11:59 Do you have a stop in mind or will you just decide based on the earnings?

Do you need to be actively paying attention when the earnings are released?
Should have added that buy price was 2.64 stop at 2.30
About 1/2 % of portfolio at risk
Position is about 4% of portfolio.

I don't usually trade into earnings; I won't pay too much attention until after the earnings call then see where it goes. It may trade below the stop which is not a hard stop at this point.
by deaddog
03 May 2021 10:45
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Started a position in TVE this morning.
Broke out of a base on Friday to new 52 week highs on above average volume.
Earnings coming out next week.
by deaddog
02 May 2021 11:46
Forum: Retirement, Pensions and Peace of Mind
Topic: OAS Changes Likely?
Replies: 747
Views: 34788

Re: OAS Changes Likely?

Mordko wrote: 02 May 2021 11:26

I do not know but that is the scenario where, once all the assets, such as a house, are sold, someone else gets to decide what is the minimum you need to get by without starving or getting cold. Thats for the individuals who do need nanny state.
What is the minimum that you need.
by deaddog
02 May 2021 10:52
Forum: Retirement, Pensions and Peace of Mind
Topic: OAS Changes Likely?
Replies: 747
Views: 34788

Re: OAS Changes Likely?

Mordko wrote: 02 May 2021 10:13 I understand there must be a basic safety net which other people need to pick up the tab for. That has existed for quite some time. It shouldn’t be generous. Should be just enough to get by so incentives are not screwed up.
How much would that be?
by deaddog
29 Apr 2021 10:36
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 1024
Views: 259072

Re: Outstanding Financial Pornography

Bylo Selhi wrote: 29 Apr 2021 09:03
BRIAN5000 wrote: 29 Apr 2021 05:10 Buy your cruise ship cabin and sail the world
R1 Balcony unit, about $350,000 to purchase a 12 year lease and $4800 per month for food & booze for two.
Why is this "Outstanding Financial Pornography"? I get that it's not for everyone and that it's quite expensive (and could be a death sentence these days with COVID-19.) But that also applies to many other luxury items.

What's so "pornographic" about this?
I can't afford it. :wink:
by deaddog
29 Apr 2021 10:06
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

I've moved this reply from the Financial Porn thread as it seems better suited to this thread. I know there are ways to try to get better returns in various ways, over various timeframes. Just sticking to VUN would have doubled my returns. Of course 5 years ago I didn't know that would be the case, so I chose diversity beyond one equity market. I knew there would be winning and losing markets/sectors/investments, but I didn't have the time, need or inclination to actively manage the funds as you do. Heck, my kids each bought GOOG 8 years ago, forgot about it, and have seen an 24% annualized return over those 8 years. But putting 300k into Google 5 years ago would have felt like betting too much on one horse in the race. I guess I'm willing...
by deaddog
28 Apr 2021 18:29
Forum: Financial News, Policy and Economics
Topic: Quick rise of do-it-yourself investing explored by OSC study
Replies: 22
Views: 65895

Re: Quick rise of do-it-yourself investing explored by OSC study

BRIAN5000 wrote: 28 Apr 2021 18:22 [ so the question is, is better off more dollars or better sleep at night? For me it's and easy choice.
I'd go for a good nights sleep every time. :thumbsup:
by deaddog
28 Apr 2021 15:01
Forum: Financial News, Policy and Economics
Topic: Quick rise of do-it-yourself investing explored by OSC study
Replies: 22
Views: 65895

Re: Quick rise of do-it-yourself investing explored by OSC study

That might be your goal and you may have fun with that. All the power to you and others who get a rush out of such activity. I doubt that is the goal of the bulk of investors who want to spend approximately zero time on investing, or to be generous, a few hours per month. I would be willing to bet most of us over time started to DIY primarily to rid ourselves of atrocious MERs and high advisory fees that ate away at what were, at best, index returns to begin with by portfolio managers. It was not to beat an index. It's a bit condescending to disparage those who have other priorities in life than to spend hours in front of screens picking stocks. The question is are you better off on your own or with a mutual fund or advisor that charged hi...
by deaddog
28 Apr 2021 13:58
Forum: Financial News, Policy and Economics
Topic: Quick rise of do-it-yourself investing explored by OSC study
Replies: 22
Views: 65895

Re: Quick rise of do-it-yourself investing explored by OSC study

That is not overly odd if someone had a desired asset allocation of 60/40 or even 50/50 along with passive management. While Vanguard believes they can target a 4% yield with their 50/50 VRIF, they will say that with market volatility, they may have 1 year in 10 where there will be ROC. I think they will actually keep pace with inflation even with that payout. Norm's Asset Mixer with a 25/25/10/40 Cdn/US/Int'l/Bond mixture (60/40) for the last 20 years is 6%. That would work very nicely with a 4% SWR or VPW withdrawal strategy with minimum market volatility and virtually no active management. We look at DIY investing differently. As a DIYer my goal would be to outperform a balanced mutual fund. If I can't do that then investing becomes a h...
by deaddog
28 Apr 2021 13:07
Forum: Financial News, Policy and Economics
Topic: Quick rise of do-it-yourself investing explored by OSC study
Replies: 22
Views: 65895

Re: Quick rise of do-it-yourself investing explored by OSC study

A couple things stand out;
Firstly I would have failed the skill testing questions even though I consider myself highly knowledgeable.
I didn’t know there are 12 exchanges.
I wasn’t aware of a couple places that my broker accesses data.
To me best execution means best price. (Not the case)
I’m aware of most order types but they threw in a decoy answer. (Stop loss market order)(To me a stop loss becomes a market order once the price is hit so I would have said that was a legitimate order)
I was aware that TSX stocks don’t have to be traded on the TSX.
I would have scored 1 out of 5 a lousy 20%


The other thing that caught my eye was that 50% had returns of less than 6% yet 70% of the respondents were satisfied with their returns.
by deaddog
28 Apr 2021 00:42
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 1024
Views: 259072

Re: Outstanding Financial Pornography

OnlyMyOpinion wrote: 27 Apr 2021 23:39
deaddog wrote: 27 Apr 2021 17:23...
I think that is pretty good advice.
Better than take all your money and buy a balanced fund and hope it goes up.
Stupid me :oops: I did exactly that 5 years ago. A balanced mutual fund of all things. Then I forgot about it, hoping it would go up.
I just checked. The 300k is now 450k. It's earned 8.3% annually. I'll forget about it now for another 5 years and check it then.
I'm hoping it goes up. :wink:
You see Rogers advice works pretty good. If you hadn't had the balanced part you'd have almost doubled your money.

Good luck the next 5 years.
by deaddog
27 Apr 2021 17:23
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 1024
Views: 259072

Re: Outstanding Financial Pornography

Peculiar_Investor wrote: 27 Apr 2021 10:40
Or perhaps "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it." -- Will Rogers.
I think that is pretty good advice.

Better than take all your money and buy a balanced fund and hope it goes up.

If you add if "it starts to go down sell it" to Rogers quote, you have the Deaddog method. :wink:
by deaddog
27 Apr 2021 15:55
Forum: Financial Planning and Building Portfolios
Topic: Diversification:
Replies: 96
Views: 26781

Re: Diversification:

Shante wrote: 27 Apr 2021 15:08 You set the stop based on difference between the purchase price and the stop sell price to determine the capital at risk?
I set the stop based on a recent swing low or possibly the low of the day on the breakout day. (the point at where I think the trade isn't working, an arbitrary point chosen by myself)

The capital at risk per share is calculated as the difference between the entry price and the stop.
The position size is calculated by dividing 1% of the account size by the risk per share.

If the stop is hit I lose 1% of my account.

I tend to round down the number of shares or start with 1/2 a position to reduce my risk a bit.