After a third big down day in a row, you have to believe that this is all for the best. Stocks need to get down to proper valuations. Companies need to focus on making money. Companies that can’t make money need to shut down so that new companies can be created. Every once and a…
It’s raining bad news again. The pace of bad news seems to be accelerating. The European Central Bank will end its asset purchase program as of July 1 (QE), and it’s expected to raise interest rates for the first time in 11 years Bank of Canada Governor warns the July interest rate hike might need…
I mentioned before that I had to sell a bunch of stocks to buy a house last year. I just found the transactions for that, and I want to compare the price I sold at to the current price “for fun”. How lucky did I get? Stock Price Sold Current Price Up or Down CIBC…
OK now that the market is open today, I was able to put some more of the idle cash to work. 6.5% of my idle cash was invested 50/50 in ZLB and ZLU. There is obviously still more to go. The cash pile went from 68% down to 61.5%.
One of my best investments during the pandemic was in a preferred share. If you don’t know them, preferred shares are equities that trade on the stock market but act more like bonds. The price fluctuates, they pay a higher than usual dividend, and the company might have the right to buy them back from…
This week I have a problem that most people would not consider a problem. OK, it’s not really a problem. But it’s a unique reality. Every month, as my clients pay me, cash is added to my business account. I don’t actually need that cash immediately to run the business. So the cash stocks up….
Man, the world really wants you to know there’s a recession coming. He actually said it was a “very, very high risk factor”. CNBC downplaying the risk factor there. lol A Look at My Portfolio I had a look at my stock selections again today, just to verify if I was comfortable holding these names…
I’ve been thinking, these last couple of days, about geopolitical events. Wars, oil, inflation, lockdowns, supply shocks, etc. Yes, interesting for sure. But why am I worrying about this? Well, I’ve been thinking of selling my stocks and trying to avoid another 10%-20% or more correction in the market. I’ve been thinking about market timing….
Yesterday, I was musing about the increasing number of storms on the horizon. I really didn’t feel comfortable being invested right now. A lot of things (war, covid) could get worse and there’s no clear path for those things to get resolved. And while I was writing those words, Jamie Dimon, CEO of JPMorgan Chase,…
It’s kinda funny that the S&P 500 made a new high on January 4, and hasn’t made one since. This gives market commentators another useless metric for saying how bad the market is to make it sound worse than it is. “Worst start to a year since 1939.” CNN The S&P 500 is about 14%…
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