Many of our North American Stock Indexes are currently at an all time high. If you are like me you may be worried about the next big crash in the markets. As such I am currently focused on having a portion of my portfolio in defensive stocks ! In this mind frame, when I came across Jason Del Vicario’s recent top picks on BNN it resonated with me. He recommended : Dollarama DOL.TO – people will continue to shop here…
A friend of mine reached out to me recently with some questions about getting a financial advisor in Canada. He had some very specific questions : How do you know if a financial advisor is any good ? A large percentage of financial advisors are sales people and are paid depending on what they are able to sell you. Two questions you always need to ask. How are they paid ? Are they paid by the products they are recommending…
Short Term Trade in – LAC.TO ( LACDF) Earlier last week I had invested in Lithium Americas Corp which trades on the TSX ( Toronto Market) as LAC.TO and as LACDF on OTCQX ( US Market) . This was one of my short term speculative trades. I have purchased it at $.92 CAD, and have watched the stock fall to $.78 CAD . The biggest drop came today at $.10 CAD per share. I have previously invested in this company…
I bought Lululemon stock when it took a beating after its earning reports in end of March of 2017. See my rational behind buying the stock . I bought 145 stocks for $51.07 and currently the stock is trading at $59.10. That is a 15.7% return in three months. Which to me is a decent return for one of my trades for that time frame ! I was planning to hold on to it for longer – because I believed…
Many people tend to hold their savings in cash . Most of the time this is because they are not sure what to invest it in. It may start as for a short time and that can easily turn into years ! Holding your savings in cash is bad !! The purchasing power of cash over time decreases due to inflation. So never a good idea to hold your savings in cash ! A lot of my friends and family…
I been hearing lots about bitcoin lately – I remember hearing about in 2011 and thinking maybe I should buy some. Never followed through with it – procrastination is a bitch. This time I am going to spend some time to see if I can understand it, and if it makes sense for me to invest in it. Reddit has about good introductory post about bitcoin. I recommend you watch all the videos from the link. Coindesk has some good…
Don Vialoux’s Top Picks: May 8, 2017 – Don Vialoux is a Technical and Seasonal trader that trades based on patterns. Fascinating to listen to him. Take away – When VIX spikes you don’t want to be in the market. Look at the moving average of the major stock indexes – if it is above its 50 day moving average stay in the market and if it goes below, be careful. Also check out his website – www.timingthemarket.ca ….
About five months ago I had bought Linkedin shares . This was right after Microsoft announced they would be buying Linkedin shares at $196 per share. One of my main drivers for buying these shares were because they were trading at below the price Microsoft had agreed to buy them at. They were trading between $191 and $192 at that time. I believed this to be an arbitrage opportunity. You can read about my thought process here . The definition…
When Trump won the US presidency I expected the markets to take a beating. It did not. If he were to implement some of the ideas he talked about during his campaign it will hurt the American dollar, but there is also a very strong argument that the US economy will be in a strong state due to the proposed 15% corporate tax rate. Gold is something you invest to guard against inflation, and at times of uncertainty. So let’s…
I was interested in finding stocks trading on a Canadian exchange that is trading under $5. I used BNN.ca to identify some stocks that were currently trending on BNN.ca, that was under $5. Below are my thoughts on such stocks: FTG-T – Circuit boards for airplanes. Small company, small volume. Has a one year target of $3.38 and the current price is $3.08. That will give me a 9% return which is decent but I am going to keep on…