Not really sure what this means, or whether you're happy or mad you didn't buy BCE at $54.50. I just meant there is no event or bad news that I can see to explain the massive drop I saw in my portfolio upon opening. It was so completely RED that I could only conclude investors or speculators or computers or whatever are selling indiscriminately. Or they are selling ETFs that hold all my stocks. I bought a few that looked especially beaten up, and then I reloaded the gun and fell asleep with my novel.My IPS says I can roll all dividends & interest back into portfolio and X amount a month ( X * 12 months = 8%), I'm already 2 X for February. Good thing I didn't get up early or would have had more BCE at $54 something ggggrrrrrr.
What did you Buy? What might you buy? (2018)
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Re: What did you Buy? What might you buy? (2018)
Re: What did you Buy? What might you buy? (2018)
There is talk that risk parity funds will have to do a lot of equity selling given the recent spike in volatility. VIX remains high above 30. I also noticed tons of activity in XIU OTM puts (June $20). Someone is making a very large bet that that XIU will drop 10% or more in the next six months.JaydoubleU wrote: ↑06 Feb 2018 15:51Not really sure what this means, or whether you're happy or mad you didn't buy BCE at $54.50. I just meant there is no event or bad news that I can see to explain the massive drop I saw in my portfolio upon opening. It was so completely RED that I could only conclude investors or speculators or computers or whatever are selling indiscriminately. Or they are selling ETFs that hold all my stocks. I bought a few that looked especially beaten up, and then I reloaded the gun and fell asleep with my novel.My IPS says I can roll all dividends & interest back into portfolio and X amount a month ( X * 12 months = 8%), I'm already 2 X for February. Good thing I didn't get up early or would have had more BCE at $54 something ggggrrrrrr.
Re: What did you Buy? What might you buy? (2018)
Got orders filled for TD and VGT (Vanguard tech) at the opening bell. Missed out on a few others.
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Re: What did you Buy? What might you buy? (2018)
Wow. Well, I am making some relatively small investments in companies. In the next six months, there's pretty good odds I'll still be with Bell (BCE) and near certainty ENB will be heating my home and water.I also noticed tons of activity in XIU OTM puts (June $20). Someone is making a very large bet that that XIU will drop 10% or more in the next six months.
I must say though, it is a bit of a relief to finish the day in the green for a change.
Re: What did you Buy? What might you buy? (2018)
Right. I missed it was a put. Should have paid more attention. Sorry.jay wrote: ↑06 Feb 2018 12:37Exactly. Banks have been holding well but I am betting there will be volatility in the coming weeks, so I bought insurance. Risked $1,000 CAD against an overweight financials position that can easily faily 5-10% in the short term, and causing my PUTs to pay the equivalent of 10X, possibly more.
Re: What did you Buy? What might you buy? (2018)
Not sure if I'm happy or mad yet didn't buy BCE most likely would have, it went through my buy price then my better buy price then my wish upon a star price all while I was sleeping. Thought about getting up early this morning, actually woke up, then said the heck with it and went back to sleep. Just rounding things off in wifes portfolio FTS looked good too. I was spending my cash to soon so the IPS rule was to spread purchases over a longer time period in case markets keep falling.Not really sure what this means, or whether you're happy or mad you didn't buy BCE at $54.50.
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
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Re: What did you Buy? What might you buy? (2018)
Got it. Yes, FTS is looking enticing. Been awhile since I've seen it yielding over 4%.Not sure if I'm happy or mad yet didn't buy BCE most likely would have, it went through my buy price then my better buy price then my wish upon a star price all while I was sleeping. Thought about getting up early this morning, actually woke up, then said the heck with it and went back to sleep. Just rounding things off in wifes portfolio FTS looked good too. I was spending my cash to soon so the IPS rule was to spread purchases over a longer time period in case markets keep falling.
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Re: What did you Buy? What might you buy? (2018)
400 CNQ @ $39.38
1000 ZEO @ $9.50
Deploying cash, adding to current positions & looking for longer term rebound in oil/gas.
Futures point to DOW opening lower - likely another volatile day. Maybe more bids will get filled
1000 ZEO @ $9.50
Deploying cash, adding to current positions & looking for longer term rebound in oil/gas.
Futures point to DOW opening lower - likely another volatile day. Maybe more bids will get filled
Re: What did you Buy? What might you buy? (2018)
Venturing more into ALA... Assuming my bid goes through, will have a 1/2 position.
If the WGL deal goes through the receipt conversion will provide the other half of a full position - planning to hold a very long time.
If you can't believe management - who can you believe?
If the WGL deal goes through the receipt conversion will provide the other half of a full position - planning to hold a very long time.
If you can't believe management - who can you believe?
Re: What did you Buy? What might you buy? (2018)
Bought some IPL, ENF, RNW and CU with proceeds from the sale of some BMO, NA and SIA. The latter 3 had become too large a percentage of my portfolio for comfort, so converted to an income raise with the first four. Now I own all seven companies with about the same dollar value of each.
2 yen
2 yen
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Re: What did you Buy? What might you buy? (2018)
Bought some XEF mid day as I slowly begin to redeploy some cash into the market
3-time winner of FWF Annual Stock Market Predictions contest
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Re: What did you Buy? What might you buy? (2018)
Added to existing positions in CHE.UN, SPB, and AX.UN, from sale of some convertibles in RRSP. CHE especially, at 16.50 - haven't seen it there for a long time... have more cash to add to existing positions if we see another roller coaster ride
Re: What did you Buy? What might you buy? (2018)
IIRC a good buy on a bank is about 8 times earnings at the moment BMO is 12 X about $8 earnings which puts it about $96 with some apoptotic multiple contraction and earnings slash of about 50% that puts it about $32, scary thought.
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Re: What did you Buy? What might you buy? (2018)
Tried to buy BCE today as it fell to $56.65 despite good earnings & good prospects. Royal Direct appeared to be down, giving me an "unable to obtain quotes" message on the buy page and it didn't register my order. Called the 1-800 number and there was a 1 hour wait. Not sure what the problem is. BCE continues to slip down so I'll try again later today.
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Re: What did you Buy? What might you buy? (2018)
Understatement of the year. In a normal market environment, if you can get a big 5 Canadian bank at 8 times stabilized normalized earnings, you should own nothing but 5 stocks in your entire portfolio.
Show me the incentive and I will show you the outcome
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--Charlie Munger
Re: What did you Buy? What might you buy? (2018)
Bought BCE at $55.8 with cash obtained by selling some of my AAR.UN at 3c less than the 20% premium offered in the takeover. Considering the positive earnings recently and the drop in price that gives it a 5.34% dividend I think it will work out.
Royal Direct trading website was down yesterday until well after closing.
Royal Direct trading website was down yesterday until well after closing.
"Why do I have to go to school? If I watch YouTube I'll know everything."
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Re: What did you Buy? What might you buy? (2018)
Picked up VDU (all cap ex US) VFV (S&P) & TD. ETFs replace e-series funds I sold a few week ago, TD is Aussi cash I repatriated a few weeks back. All long term buys.
Scraps will be put in TD e-series next week.
Scraps will be put in TD e-series next week.
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Re: What did you Buy? What might you buy? (2018)
I guess I wasn't paying too much attention as I'm doing my weekend update of financial transactions and discovered that I finally hit a "stink bid" yesterday.
Initiating a new position in Bank of Montreal (BMO) @ $94.53 in my spouses non-registered account. From an investment policy point of view this is essentially rebalancing through additional cash flow during accumulation. Canadian equities and fixed income asset classes remain the furthest from our target weights. Within the equity asset class, we are underweight financials, so have been looking for opportunities. The only other Canadian bank holding we have is Scotiabank (BNS).
The rationale for picking BMO specifically is to test out the strategy "of buying a laggard among the five biggest names in the banking sector works more often than it misfires, producing market-beating results over the longer term."1 This strategy has been occasionally discussed on FWF, although I cannot seem to find a dedicated topic on the subject. I didn't fully adhere to the strategy as purchasing BMO was purely an addition rather than a replacement.
Our allocation to the financial sector is now essentially at our target weight, which is NOT the S&P/TSX weighting.
1 A simple stock-picking strategy you can bank on - The Globe and Mail (paywall?)
Initiating a new position in Bank of Montreal (BMO) @ $94.53 in my spouses non-registered account. From an investment policy point of view this is essentially rebalancing through additional cash flow during accumulation. Canadian equities and fixed income asset classes remain the furthest from our target weights. Within the equity asset class, we are underweight financials, so have been looking for opportunities. The only other Canadian bank holding we have is Scotiabank (BNS).
The rationale for picking BMO specifically is to test out the strategy "of buying a laggard among the five biggest names in the banking sector works more often than it misfires, producing market-beating results over the longer term."1 This strategy has been occasionally discussed on FWF, although I cannot seem to find a dedicated topic on the subject. I didn't fully adhere to the strategy as purchasing BMO was purely an addition rather than a replacement.
Our allocation to the financial sector is now essentially at our target weight, which is NOT the S&P/TSX weighting.
1 A simple stock-picking strategy you can bank on - The Globe and Mail (paywall?)
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: What did you Buy? What might you buy? (2018)
What % of your portfolio is in the banks? I'm about 9% overall which is higher than i would like but would be facing some tax hits if I reduced too much. This includes MFC and SLF but for the most part it's all in 4 of the 5 Cdn banksPeculiar_Investor wrote: ↑10 Feb 2018 09:39 I guess I wasn't paying too much attention as I'm doing my weekend update of financial transactions and discovered that I finally hit a "stink bid" yesterday.
Initiating a new position in Bank of Montreal (BMO) @ $94.53 in my spouses non-registered account. From an investment policy point of view this is essentially rebalancing through additional cash flow during accumulation. Canadian equities and fixed income asset classes remain the furthest from our target weights. Within the equity asset class, we are underweight financials, so have been looking for opportunities. The only other Canadian bank holding we have is Scotiabank (BNS).
The rationale for picking BMO specifically is to test out the strategy "of buying a laggard among the five biggest names in the banking sector works more often than it misfires, producing market-beating results over the longer term."1 This strategy has been occasionally discussed on FWF, although I cannot seem to find a dedicated topic on the subject. I didn't fully adhere to the strategy as purchasing BMO was purely an addition rather than a replacement.
Our allocation to the financial sector is now essentially at our target weight, which is NOT the S&P/TSX weighting.
1 A simple stock-picking strategy you can bank on - The Globe and Mail (paywall?)
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Re: What did you Buy? What might you buy? (2018)
been nibbling away at CNR. will likely add to BEP-UN as it seems to have settled down and will bring it up to full position in my RSP. BNS starting to look interesting.
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Re: What did you Buy? What might you buy? (2018)
Just providing a number without context probably doesn't provide any real information. So I took the opportunity to give an answer here.
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: What did you Buy? What might you buy? (2018)
For sectors I use a general rule of thumb over 10 % in any sector less than 30%. Not sure why you think 9% is to much?What % of your portfolio is in the banks? I'm about 9% overall which is higher than i would like but would be facing some tax hits if I reduced too much. This includes MFC and SLF but for the most part it's all in 4 of the 5 Cdn banks
I divided the Financials into 60% Banks 30% Insurance and 10% financial management, they all tend to overlap a bit but I think it's better then just holding banks only. Have a look at CEW.to as well I use a modified version of that.
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Re: What did you Buy? What might you buy? (2018)
Well, I was quite excited when Vanguard recently set up their 3 balanced ETFs. Thought I would do some bottom fishing, and put in a buy order for 1000 VGRO @ 23.75. Watched the Dow and S&P come thundering down and managed to cancel my order before the price fell to 23.30. I definitely will try again this week - perhaps @ 22.75. The joys of not having a broker or FA