OT: Lets talk about stocks (Part 2)

[Andy]

So is this stocks thread only about quick money and fast gains, or is anyone gonna offer advise on longer term stock options with moderate risk?

 

[DAChampion]

So is this stocks thread only about quick money and fast gains, or is anyone gonna offer advise on longer term stock options with moderate risk?

Vanguard index funds. Put 5-10% of your income in there and check back in twenty five years.

 

[tinyzombies]

Friend of mine who has been telling me to buy BTC since 17,000 posted this:

"Buy the Dip, ***AVERAGE IN over time***, and HODL.
What direction do you think Bitcoin goes when it is incorporated into Apple Pay?
What direction do you think Bitcoin goes when a US ETF is approved?
There is A LOT of runway ahead...

 

[DAChampion]

What do you guys recommend for life insurance?

 

[tinyzombies]

Myself, I'm just waiting on growth stocks. Jumia already took off so I'm eyeballing BNGO, Palantir and CCIV. Maybe Nio. PTN? DKNG? NNDM? SUNW? WKHS? SENS?

 

[QuebecPride]

What do you guys recommend for life insurance?

Term insurance (it's cheaper), go via a broker, not a guy who sells only for one company. Review your coverage every 5 years or everytime there's a major change (job, new house/country house, kids, divorce/breakup).

Ideally you cover your debts (mortgages), and if you have kids, you need to leave something for the expenses your other half will have to provide alone.

If you have a business, you need coverage for that as well, so if you die your business partner is the benficiary and he receives the amount necessary to buy you out.

My advice, don't buy into the bullshit when they say insurance is a form of investment. You need to be f***ing rich to 'invest' in a insurance policy. Fill up your RRSP/RESP/TFSA or 401K/429/ Roth IRA to the rim before 'investing' in an insurance.

 

[QuebecPride]

So is this stocks thread only about quick money and fast gains, or is anyone gonna offer advise on longer term stock options with moderate risk?

This is a good place to start. Not stock picking, but probably for the best.

Your complete guide to index investing | Canadian Couch Potato

Define long term, maybe we can provide some suggestions.

 

[QuebecPride]

Vanguard index funds. Put 5-10% of your income in there and check back in twenty five years.

I'll second that. If you can put at least 10% of your revenues aside every year, you'll be better off than most. When your salary increases or you receive a bonus, make sure to increase your contributions. Make them automatic so you don't forget.

 

[Andy]

This is a good place to start. Not stock picking, but probably for the best.

Your complete guide to index investing | Canadian Couch Potato

Define long term, maybe we can provide some suggestions.

I meant medium term, but wrote long term. I'm talking 2-3 years.

 

[Andy]

Also, I wanted to mention that I'm not a noob when it comes to investing, I was just looking at some insights others might have, companies and sectors I may not have been considering. But everyone here seems to be talking high risk, quick money gambles.

 

[QuebecPride]

I meant medium term, but wrote long term. I'm talking 2-3 years.

Lion is a good bet (LEV on TSX or Nasdaq). A Desjardins analyst said this week he expects it go to 40$ USD by 2026 (it's currently below 20$ USD). I expect highs and lows as it will be correlated with Tesla due to the EV nature of the company, but lots of growth to be had.

You can take a look at airlines, or infrastructure companies/funds. But those are quite volatile (I believe you're not a big fan of that), especially the former, but they're probably good buys as they're rather cheaper than what they were a year + ago.

I expect travel to go through the roof, although mostly in-between rich countries at first as we're the ones vaccinated. Infrastructure, you get the boost from travel (airports, ports, etc.) and you can also regain with the Oil industry as it includes pipeline (also volatile). Over the long term, infra has less risk than the stock market per unit of return, but that's maybe over 7-10 years.

Banks are probably pretty good bets. You can't go wrong with RBC, BMO, Scotia or TD. High dividends, pretty good returns. The stocks go with the economy though, so if there's a recession, expect a drawdown. Two financial companies that I like: Fairfax (deemed Canada's Berkshire Hathaway) and Brookfield.

If you're into video games, I'm really bullish on that sector, I suggest HERO or any other video game ETF.

You should have most of your money in boring index funds (Vanguard), but you also should have a small portion as a fun portfolio (say 10%). It's a nice emotional valve and you can try out ideas with that.

 

[Andy]

Lion is a good bet (LEV on TSX or Nasdaq). A Desjardins analyst said this week he expects it go to 40$ USD by 2026 (it's currently below 20$ USD). I expect highs and lows as it will be correlated with Tesla due to the EV nature of the company, but lots of growth to be had.

You can take a look at airlines, or infrastructure companies/funds. But those are quite volatile (I believe you're not a big fan of that), especially the former, but they're probably good buys as they're rather cheaper than what they were a year + ago.

I expect travel to go through the roof, although mostly in-between rich countries at first as we're the ones vaccinated. Infrastructure, you get the boost from travel (airports, ports, etc.) and you can also regain with the Oil industry as it includes pipeline (also volatile). Over the long term, infra has less risk and than the stock market per unit of return, but that's maybe over 7-10 years.

Banks are probably pretty good bets. You can't go wrong with RBC, BMO, Scotia or TD. High dividends, pretty good returns. The stocks go with the economy though, so if there's a recession, expect a drawdown. Two financial companies that I like: Fairfax (deemed Canada's Berkshire Hathaway) and Brookfield.

If you're into video games, I'm really bullish on that sector, I suggest HERO or any other video game ETF.

You should have most of your money in boring index funds (Vanguard), but you should probably have a small portion as a fun portfolio (say 10%). It's a nice emotional valve and you can try out ideas with that.

I have mostly tech sector and some finance. I got into GOOG, AMZN, PYPL, MA, MSFT, V like 5 years ago and they've done super well. As you can see, it's very tech heavy so was looking to diversify a little more. I technically could add more risk since I'm fairly safe.

I appreciate the recommendations very much!

 

[QuebecPride]

Also, I wanted to mention that I'm not a noob when it comes to investing, I was just looking at some insights others might have, companies and sectors I may not have been considering. But everyone here seems to be talking high risk, quick money gambles.

I believe there's both on here, day traders and long term buy and hold people. I chat about the stuff I invest in for fun, but 90% of my investments is in boring stuff. I have sold out a position only once in my lifetime (Bonds in February), so I'm the polar opposite of a day-trader .

 

[Andy]

I believe there's both on here, day traders and long term buy and hold people. I chat about the stuff I invest in for fun, but 90% of my investments is in boring stuff. I have sold out a position only once in my lifetime (Bonds in February), so I'm the polar opposite of a day-trader .

I got into WEED early on when it was still CGC.

I had bought it at like $4 and sold at $18. I'm a very conservative investor, so didn't have much in it. But man, I'm kicking myself for investing very little in that and then selling it early LOL!

It hasn't done much in a long while, but those early days were wild. It's probably the riskiest I've gotten.

 

[QuebecPride]

I got into WEED early on when it was still CGC.

I had bought it at like $4 and sold at $18. I'm a very conservative investor, so didn't have much in it. But man, I'm kicking myself for investing very little in that and then selling it early LOL!

It hasn't done much in a long while, but those early days were wild. It's probably the riskiest I've gotten.

Yup, the weed companies were quite the ride. I was not involved, but many of my classmates were, they also made good bucks in there. It felt too risky for me. Obviously I was wrong on the outcome, but no regrets since it crashed pretty quickly as well. You had to sell at the right moment and some stayed in for too long.

 

[Lafleurs Guy]

So is this stocks thread only about quick money and fast gains, or is anyone gonna offer advise on longer term stock options with moderate risk?

I like tech stocks. Particularly the e-commerce portion. I invested in Shopify a few years back and have been handsomely rewarded. I'm hopeful that similar companies like lightspeed and nuvei (both Montreal companies btw) will see good long term returns. Their revenues are growing pretty aggressively.

Unfortunately, growth stocks have been a little sluggish lately due to inflation concerns. That will limit returns and risks in the short term but I think over the long haul, those companies will be winners.

Also, I'd watch the Canadian dollar for the next little while. Seems to be on quite the run and it will probably keep going up for a while. If it does, at that point you might want to look into investing into American companies because if you invest while the Canadian dollar is high, you'll reap the exchange reward down the road when it's lesser. So you can get a double bump there. Personally, I like Microsoft. Azure is growing at like 50% and it's a license to print money. It also comes with a small dividend as well.

 

[Scintillating10]

Any of guys into the short squeeze going on with AMC

 

[LyricalLyricist]

I meant medium term, but wrote long term. I'm talking 2-3 years.

Air Canada. Said it last week and it’s up 6% since. I expect it to go higher this summer and as operations and cash flow improve back to over 40$/share within 2 years.

 

[canucklover123]

Any of guys into the short squeeze going on with AMC

yeeeep bought some around ten bucks sometime this past month for a couple hundred shares just in hopes of a short squeeze in the future.

what a time to be alive !

 

[frapp10]

Any of guys into the short squeeze going on with AMC

Yep I’m up around 100% already lol

 

[the paisanos guy]

I meant medium term, but wrote long term. I'm talking 2-3 years.

That's short term. If your timeline is 2-3 years, your focus should be on preservation, not appreciation. A simple high interest savings account is probably your best bet.

Investing in individual stocks with that kind of timeline is gambling (unless maybe you're a pro).

 

[TheYardMachine]

Im in GME, AMC and UWMC

Why not haha

 

[canucklover123]

I meant medium term, but wrote long term. I'm talking 2-3 years.

well I’m as Adamant on my igaming/gambling sector , I have a lot of my tfsa concentrated on that for 3 year horizon span.

 

[llamateizer]

I meant medium term, but wrote long term. I'm talking 2-3 years.

my 3 mid term moves are
SCR, PSTH and HUT

SCR is the longest.


HUT depends of BTC.
if things goes well, I'll be trimming a little bit.


PSTH is a SPAC.

 

[QuebecPride]

That's short term. If your timeline is 2-3 years, your focus should be on preservation, not appreciation. A simple high interest savings account is probably your best bet.

Investing in individual stocks with that kind of timeline is gambling (unless maybe you're a pro).

Short, medium and long term are all relative measures. For somebody long term could be 1 year, believe it or not. That's why I asked for him to be more precise

But we don't know what his plan is with the money in 3 years, if it's to buy a house then yes he's better off in a savings account. But if it's just to buy other stocks then it's different.