How much did you lose in the stock market meltdown?

[stinkynuts]

I’m wondering the same. I’m down by about a mill but thankful for the dividends coming in. Wondering if anyone knows what’s to come for the real estate.

How do you sleep, losing a million dollars? That's insane. I know it's supposed to rebound but there's not guarantee of when.

Things are projected to get MUCH worse. The disease doubles every days, so it's exponential growth. There will be many many deaths and very low economic growth. Stocks may take years to recover.

But I suppose anyone who loses a million has at least one more left.... Hopefully it turns around quickly.

 

[Robert Mugabe]

Many smart investors here. Me. not so much. However Master Card went up $28.00 today. 11.81%. So the bubble keeps bubbling. Can't ever know whether to call or put.

 

[PornAddict]

None of the above. Sold everything in beginning of February.

 

[PornAddict]

Thanks for the info. That is very sneaky of them. I did the math, and if you add the fact that they charge 20% on the $900, it's more like a total of 4% a year instead of 3%. Still, I hope to come out ahead.

Get a line of credit.

 

[|2 /-\ | /|/]

Bank of Canada just reduced the Overnight Rate (again) by 50bps. That's 1.00% over the course of 14 days.

If the cost of money becomes cheaper, people are able to qualify for larger mortgages; ergo, real estate prices should continue to remain stable....it has to. The stock market can go sideways, but the largest asset most Canadians have is real estate. If real estate crashes, so does consumer confidence; and it's all downhill from there.

If people start losing their jobs then we are fucked temporary. They will default on their mortgages, the properties will flood the market will oversupply, prices will go down. Rent and leasing will go up. There is an opportunity again to buy when the prices drop low before they increase again.

I think if companies start laying off people due to market crashes it will further cascade.

Probably the best time to sell you property is now if you can find someone to buy because interest rates are low. House prices will decrease soon.

 

[SpanishJohnny]

After the 2008 correction, the "experts" all thought it would take a number of years to get back to where we were. It took about 12 months. Much faster than predicted by almost everyone. Will that happen this time, who knows. I post this simply to say don't believe anything you read about investing on an escort review board. Some of these people might know what they are talking about, but they also might be plumbers for a day job and have absolutely no fucking idea what they're talking about.

 

[nottyboi]

I lost 32K on the thursday alone but made 16K back. I had some open orders but closed them Wed night. IMHO we will still go lower but the market will swing wildly. The horrible financial results of this situation will start to arrive late april and again in July.

 

[nottyboi]

After the 2008 correction, the "experts" all thought it would take a number of years to get back to where we were. It took about 12 months. Much faster than predicted by almost everyone. Will that happen this time, who knows. I post this simply to say don't believe anything you read about investing on an escort review board. Some of these people might know what they are talking about, but they also might be plumbers for a day job and have absolutely no fucking idea what they're talking about.

It did not recover in 12 months, it took a few years, and there were some wild swings, but yes I believe it will recover.

 

[TOBOUND]

I’m buying.

 

[malata]

None of the above.

I cashed out in January of my trading plus retirement accounts of all equities, my preferreds have low book costs and high yields and fixed income won't touch because I still have good yields to maturity, since then have been playing mostly the options market with some short trading but those positions I've ended/filled today. Will stay cash but will execute trades given market for short term opportunities but given we're headed into a recession it's a waiting game. When I see signs of upturn I will look for bargains in certain sectors and take advantage to build my portfolio again.

VBB

playing it safe would be the best approach. dudes with no trading experience will get burned with short term trades under these conditions

 

[Darts]

Any shares purchased in the past 4 years is likely underwater now. That 2% GIC is looking pretty good unless the issuer goes belly up.

Hopefully, the banks don't close their doors. Hence, the infusion of liquidity by the BOC.

 

[Ben19]

Does anybody know how this will affect the real estate market in Vancouver?

I’m not sure about specifics of CVId19 but realstate in Vancouver is very exposed and volatile. It has already come down significantly. A lot of it is dependent on foreign nationals particularly the Chinese and the Iranians both of which are struggling. My recommendation in general is to sell.

I actually sold 2 properties in Vancouver last summer and moved the assets here. Still have one more and am even thinking Of selling that. My sister did not as she had a tenant and she is regretting it. Her north shore property has gone down in estimates while I am up having bought a house in north York.

 

[Smallcock]

I’m not sure about specifics of CVId19 but realstate in Vancouver is very exposed and volatile. It has already come down significantly. A lot of it is dependent on foreign nationals particularly the Chinese and the Iranians both of which are struggling. My recommendation in general is to sell.

I actually sold 2 properties in Vancouver last summer and moved the assets here. Still have one more and am even thinking Of selling that. My sister did not as she had a tenant and she is regretting it. Her north shore property has gone down in estimates while I am up having bought a house in north York.

Why does your sister care about what the home is worth if her mortgage is being paid by a tenant? Is she old and needs to sell it to fund her retirement?

 

[Ceiling Cat]

I did not lose anything as I did not sell anything for lesser than I paid, just as I did not make anything on cheap ( cheaper ) stocks that I bought or will buy.

 

[Ben19]

Why does your sister care about what the home is worth if her mortgage is being paid by a tenant? Is she old and needs to sell it to fund her retirement?

Mortgage is already paid it was an investment property but the estimate has gone down 15-20% already in that neighborhood (British Properties)

 

[Smallcock]

Mortgage is already paid it was an investment property but the estimate has gone down 15-20% already in that neighborhood (British Properties)

If she bought 10 years ago or even 5 years ago, she'll still come out way ahead if she sells but why sell at all? Why not just hold it and continue collecting rent payments for decades and into retirement. By that time, the value of the home will have increased well beyond what it was at its current peak. What would she do with the money if she sold the home?

 

[Spacealien2]

Lost 20k. Most from short term calls.

 

[speedball]

I lost around $40,000. But it will eventually recover. Been investing since the late nineties.

 

[Robert Mugabe]

20% so far. but that can change real quick. I see Yahoo finance has a heading at the top of the tool bar beside portfolio called coronavirus.

 

[superstar_88]

I lost around $40,000. But it will eventually recover. Been investing since the late nineties.

You must not have a whole lot after 20 plus years of investing. Unless most of it is in GIC's.