Start your engines !!!

Asset allocation, risk, diversification and rebalancing. Pros/cons of hiring a financial advisor. Seeking advice on your portfolio?

what's gonna happen monday??

Poll ended at 06 Feb 2018 11:36

US markets and Canada both up significantly
1
4%
US markets and Canada both up
4
14%
both down further
17
61%
both down significantly
4
14%
only US up
1
4%
only Canada up
1
4%
 
Total votes: 28

nile
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Start your engines !!!

Post by nile »

thoughts on mondays race?
BRIAN5000
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Re: Start your engines !!!

Post by BRIAN5000 »

Don't know don't care wasn't a choice?
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
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Peculiar_Investor
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Re: Start your engines !!!

Post by Peculiar_Investor »

Which Monday and why is there a race? The Daytona 500 is still a few weeks off.

A bit more seriously, my investing career was in its infancy around the time of Black Monday . Somewhere I believe I still have my "things I might buy" list and do recall thinking it was time to load up during the subsequent days, if I had had a strong enough conviction to act. It was one of my first lessons on behavioural finance, although I didn't know it at the time.

FWIW, I don't know what all the noise is about, percentage wise this wasn't a very rough day. We're not in bear market territory by any means. Heck, YTD I'm still positive, so what's all the fuss about?
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scomac
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Re: Start your engines !!!

Post by scomac »

Where is the don't know and don't care option? :wink:
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Re: Start your engines !!!

Post by Peculiar_Investor »

Another viewpoint from one of my favorite blogs -- It’s Over | The Irrelevant Investor
Michael Batnick wrote:Jack Bogle likes to say “the stock market is a giant distraction to the business of investing.” The chart below is a good visual to support this statement. Friday was the seventeenth -2% day for the S&P 500 in the last five years. Focusing on the day-to-day is a really good way to lose sight of the long-term trends, or why you’re even investing in the first place.
A good reminder to all.
Michael Batnick wrote:But if we weren’t overreacting, we wouldn’t be human, and that’s what makes markets so fun and interesting and scary and exciting.
Also worthwhile remembering.
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Koogie
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Re: Start your engines !!!

Post by Koogie »

I prefer the saying of a Mr. G. Hariton

"I felt like doing something. So I lay down until the feeling went away"
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ghariton
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Re: Start your engines !!!

Post by ghariton »

Koogie wrote: 03 Feb 2018 13:16 I prefer the saying of a Mr. G. Hariton

"I felt like doing something. So I lay down until the feeling went away"
:D

Thank you.

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Shakespeare
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Re: Start your engines !!!

Post by Shakespeare »

Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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optionable68
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Re: Start your engines !!!

Post by optionable68 »

We are long overdue for a healthy correction
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Wallace
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Re: Start your engines !!!

Post by Wallace »

The next question of course is "How do we as investors profit from this?"

Looking over my portfolio I see that banks and REITs are down about 5%. Apple, electric utilities, Magna, pipelines (TRP and ENF) down about 10%.

I still own Pure Industrial (AAR.UN) in my RRIF. In March there will be a vote on the private purchase of all shares for $8.10 per share. I think I'll start selling these to get cash on hand. The price today has fallen to 8.06 as other people presumably have the same idea.

Then I'll watch the "What did you buy" thread and think of things to buy.
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Re: Start your engines !!!

Post by newin96 »

Hmmmm...
Hang Seng down ~2%
Nikkei down ~2.5%

Reaction to DOW on Friday or continuation?
May have to be looking at my targets and invest some cash holdings...
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Re: Start your engines !!!

Post by ghariton »

If a 2 per cent drop (okay, maybe 4 per cent cumulative) is making people anxious, how will they react to a 20 per cent drop?

And make no mistake, a 20 per cent drop is coming. We just don't know when.

George
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Re: Start your engines !!!

Post by Peculiar_Investor »

If you subscribe to the Super Bowl indicator then there is an 80% chance it should be an up year for the S&P 500 in 2018.
ghariton wrote: 04 Feb 2018 21:48 If a 2 per cent drop (okay, maybe 4 per cent cumulative) is making people anxious, how will they react to a 20 per cent drop?

And make no mistake, a 20 per cent drop is coming. We just don't know when.
Well said.

I'm just planning to ignore the noise and stick to my investment plan. Maybe one or more of my existing stink bids will get triggered and I can get a deal (margin of safety) on some securities.
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Re: Start your engines !!!

Post by Insomniac »

It's funny that the poll runs until Feb 6. If I vote, I will wait until after the close today!
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Re: Start your engines !!!

Post by deaddog »

It does not matter what the market does. What matters is if I have the discipline to follow my plan.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
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Re: Start your engines !!!

Post by ghariton »

deaddog wrote: 05 Feb 2018 10:03 It does not matter what the market does. What matters is if I have the discipline to follow my plan.
We certainly agree on that.

George
The juice is worth the squeeze
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Re: Start your engines !!!

Post by fundamental »

Raised some cash last week.

Will begin to deploy some after the first 10% drop, and more after 20%
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Re: Start your engines !!!

Post by nile »

i guess both down significantly wins !!

how about tomorrow?
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Re: Start your engines !!!

Post by bcjmmac »

Good timing for me - repatriated a bunch of cash (superannuation) from Aus ( worked down under for 1.5 years) + have been building up a war chest.
Looking at TD, ENB, ZUT, VEE, CNQ, VFV, & a few others.
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Re: Start your engines !!!

Post by newin96 »

I just voted... :rofl:
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Re: Start your engines !!!

Post by optionable68 »

Dow is down 8.5% so far..... my vote is correction territory will hit this week
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Shakespeare
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Re: Start your engines !!!

Post by Shakespeare »

Whee-oo! Nikkei down 6.65%.
Symbol Company Country Last Date Time Chg. % Chg.
AU:XAO ASX All Ordinaries Index Australia 5,920 2/6/2018 3:16 PM -208.90 -3.41%
HK:HSI Hang Seng Index Hong Kong 30,651 2/6/2018 12:05 PM -1,593.91 -4.94%
IN:1 S&P BSE Sensex Index India 33,757 2/6/2018 9:51 AM -999.67 -2.88%
ID:JAKIDX JSX Composite Index Indonesia 6,590 2/5/2018 12:00 AM -39.145 -0.59%
JP:NIK NIKKEI 225 Index Japan 21,173 2/6/2018 1:16 PM -1,509.11 -6.65%
MY:FBMKLCI FTSE Bursa Malaysia KLCI Malaysia 1,805 2/6/2018 12:21 PM -48.28 -2.61%
PH:PSEI PSEi Index Phillippines 8,450 2/6/2018 12:21 PM -166.40 -1.93%
XX:SGDOW Dow Jones Singapore Index SGD Singapore 282.45 2/5/2018 11:36 PM -10.75 -3.67%
KR:SEU KOSPI Composite Index South Korea 2,420 2/6/2018 1:16 PM -72.20 -2.90%
LK:ASI Colombo All-Share Index Sri Lanka 6,520 2/2/2018 12:00 AM +22.01 +0.34%
XX:Y9999 Taiwan Weighted Index Taiwan 10,327 2/6/2018 12:16 PM -618.78 -5.65%
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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Re: Start your engines !!!

Post by peter »

I was guessing it would take a year to get to 30% bonds but at this pace another day or two will do it. Don't even have to save for it, I think I'll go on vacation instead.
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Re: Start your engines !!!

Post by ig17 »

Shakespeare wrote: 05 Feb 2018 23:38 Whee-oo! Nikkei down 6.65%.
Earthquake training. Feel the trembles? Run out of the building.
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Re: Start your engines !!!

Post by Shakespeare »

Jack be nimble
Jack be quick
Jack got f*cked by the candlestick



https://en.wikipedia.org/wiki/Candlestick_chart
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
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