Outstanding Financial Pornography
Re: Outstanding Financial Pornography
CREA wants parents to help their kids buy homes by tapping into RRSPs
http://business.financialpost.com/real- ... heir-rrsps
""The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000.""
These shysters even coined a new term for it. “intergenerational RRSP loans”
Ain't naked self interest a wonderful thing.
http://business.financialpost.com/real- ... heir-rrsps
""The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000.""
These shysters even coined a new term for it. “intergenerational RRSP loans”
Ain't naked self interest a wonderful thing.
Re: Outstanding Financial Pornography
Add another zero and I'm Inlimit bumped up by $10,000
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
Re: Outstanding Financial Pornography
http://www.cbc.ca/news/business/cannabi ... -1.4467709
Doesn't make sense. If that's what you were doing, wouldn't you wait one day and book the capital gain in 2018? Maybe the alternative explanation is not as soothing to his clients?Vahan Ajamian, a research analyst with Beacon Securities Ltd., said the sudden drops in cannabis companies' stock prices could be explained by year-end profit taking.
"All these stocks have had a fantastic few days and months," he said. "People are likely looking to crystallize gains by the end of the year."
"Everybody has a plan until they get punched in the face." Mike Tyson
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Re: Outstanding Financial Pornography
Well, if they sold today (the 29th) it settles in 2018 so that's when the capital gain is taxable. That said, the term "year-end profit taking" is kind of loose, does it mean taking the tax hit for 2017 or does it mean taking the price available in 2017 ?
Re: Outstanding Financial Pornography
Cannibis stocks will be a big loser in 2018. They will be a distant second to bitcoins.
Re: Outstanding Financial Pornography
Not sure where this belongs. Here or in Humour 2018?
Jan 4
Same guy, today:
And lest you think that he is a random clown on Twitter...
"Ross is the Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management. Ross oversees Gerber Kawasaki's corporate and investment management operations as well as serves individual clients. Ross is a frequent guest on CNN, CNBC, Fox Business News, and Reuters as well as a contributing writer for Forbes.com."
His firm has $650 million in AUM.
https://gerberkawasaki.com/team/ross-gerber
Jan 4
Same guy, today:
And lest you think that he is a random clown on Twitter...
"Ross is the Co-Founder, President and CEO of Gerber Kawasaki Wealth and Investment Management. Ross oversees Gerber Kawasaki's corporate and investment management operations as well as serves individual clients. Ross is a frequent guest on CNN, CNBC, Fox Business News, and Reuters as well as a contributing writer for Forbes.com."
His firm has $650 million in AUM.
https://gerberkawasaki.com/team/ross-gerber
Re: Outstanding Financial Pornography
US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says
Thomas Lee, head of research at Fundstrat Global Advisors, says Friday on CNBC's "Halftime Report" that he and the firm's technical strategist think stocks peak in 2029.
...
"Both [Fundstrat technical strategist Rob Sluymer and I] think it's more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000," said Lee, head of research at Fundstrat Global Advisors, on CNBC's "Halftime Report" on Friday.
"So I think it's just important to be long-term oriented right now."
Re: Outstanding Financial Pornography
That is great news. I'll convert all my stocks in 2029 into RBBs and retire on a Caribbean island.
Re: Outstanding Financial Pornography
Better make it 2028. You wouldn't want to take too many risks with your market timing.
George
The juice is worth the squeeze
Re: Outstanding Financial Pornography
Thank for the suggestion. I actually did think about that, but they'll peak in 2029, so I figured early 2029 should be safe. Assuming TD has fixed its computer system by then. I also need to remember to order RRBs, not RBBs, or my broker will be confused.
Re: Outstanding Financial Pornography
He predicted that S&P 500 would peak in 2029 between 6,000 and 15,000. That's the difference between 7.0% and 16.5% annualized. What's up with that? I hate the lack of precision.
Re: Outstanding Financial Pornography
It will peak at 10,526 at 10:31 am on January 24, 2029.
There, fixed it for you.
George
The juice is worth the squeeze
Re: Outstanding Financial Pornography
The wonderful world of specialized ETFs never ceases to amaze.
The Inspire 100 ETF (NYSE:BIBL)
ETF description: "The Inspire 100 ETF tracks a market-cap-weighted index of large-cap US stocks, selected based on the firms proprietary definition of biblical values."
AdvisorShares Vice ETF (NASDAQ:ACT)
ETF description: "ACT is an actively managed fund that invests in US companies involved in alcohol-, cannabis-, or tobacco-related activities."
At a first glance, one would think that these two ETFs should have nothing in common.
Wrong!
The "bible" ETF and the "vice" ETF both have the same top holding: AbbVie.
Vice ETF: 6.76% in AbbVie
Bible ETF: 5.82% in AbbVie
Go figure.
The Inspire 100 ETF (NYSE:BIBL)
ETF description: "The Inspire 100 ETF tracks a market-cap-weighted index of large-cap US stocks, selected based on the firms proprietary definition of biblical values."
AdvisorShares Vice ETF (NASDAQ:ACT)
ETF description: "ACT is an actively managed fund that invests in US companies involved in alcohol-, cannabis-, or tobacco-related activities."
At a first glance, one would think that these two ETFs should have nothing in common.
Wrong!
The "bible" ETF and the "vice" ETF both have the same top holding: AbbVie.
Vice ETF: 6.76% in AbbVie
Bible ETF: 5.82% in AbbVie
Go figure.
Re: Outstanding Financial Pornography
CNBC graphics today:
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Re: Outstanding Financial Pornography
Thank's for that glance into the livingroom's of the continent. Laugh, smile and sigh all at once. We don't do cable so miss out on some.... um stuff.
Re: Outstanding Financial Pornography
Filed under "Nobody Knows Anything"
- sub-heading "Entertainment"
- sub-sub-heading "Listen again in six months"
Admit it's a character flaw that I listen to these early Sunday morning.
Charles Nenner with Greg Hunter.
- sub-heading "Entertainment"
- sub-sub-heading "Listen again in six months"
Admit it's a character flaw that I listen to these early Sunday morning.
Charles Nenner with Greg Hunter.
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Study Explains Why You're Smart But Not Rich
Anecdotally I always assumed this conclusion to be true
So You're Smart, But You're Not Rich? This Eye-Opening New Scientific Study Tells You Why
So You're Smart, But You're Not Rich? This Eye-Opening New Scientific Study Tells You Why
"Our simulation clearly shows that such a factor is just pure luck," say the researchers.
The researchers actually looked at different events that had happened in people's lives and ranked them according to how lucky or unlucky these events were.
"It is evident that the most successful individuals are also the luckiest ones. And the less successful individuals are also the unluckiest ones," they said.
Re: Study Explains Why You're Smart But Not Rich
Should have been in the financial porn thread IMO.
Moved as suggested.
Moderator W
Moved as suggested.
Moderator W
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
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Re: Outstanding Financial Pornography
I didn't realize that half of Americans live along the coasts
Why a middle-class lifestyle now costs you over $300,000 a year
Why a middle-class lifestyle now costs you over $300,000 a year
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Re: Outstanding Financial Pornography
I missed reading the Inspire 100 ETF thing....ticker is BIBL just cant make this stuff up unless it was April 1 then.
Re: Outstanding Financial Pornography
Wasn't quite sure where to put this so it's going here as I wanted to share it. Common wisdom is that the analysts do not necessarily call stuff correctly but look at the backtested results. Universe includes all Canadian stocks (minus REITS and utilities) with average daily volume of 30,000 or more.
It shows the return of 50 highest recommended stocks, rebalanced monthly. Amazingly it never underperforms the benchmark XIC which is shown in blue.
Conversely, and not shown here, picking the lowest recommended stocks gives the opposite return
It shows the return of 50 highest recommended stocks, rebalanced monthly. Amazingly it never underperforms the benchmark XIC which is shown in blue.
Conversely, and not shown here, picking the lowest recommended stocks gives the opposite return
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Re: Outstanding Financial Pornography
Plus, the analysts are getting smarter! (markets getting less efficient?) Look at the alpha for the past 2 years!
Re: Outstanding Financial Pornography
I don't know what to make of it but it's surprisingly effective. I've now instituted a philosophy of selling a stock if it's analyst rating goes down AND if it's estimated earnings go down. It improves every single one of my backtests.
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Re: Outstanding Financial Pornography
It looks like virtually all of the outperformance on that chart comes from the period of April 2016 to April 2017. Take that year out and the lines are similar, with more volatility on the recommended line.