Best and safest investment
- Thread starter faveone
- Start date
I don't have a problem with putting money into a deposit product, but calling Equitable "no risk" is a stretch. Just look what happened to Home Trust 2 years ago.
Deposit enough to be covered by CDIC insurance, ok, that's no risk. Anything above the insurance amount, you re relying on the credit worthiness of the company.
I've been buying silver from GoldenBullionSuppliers, PMX and any wholesaler that has good prices. Anyone check price of silver today? Has gone up 25% since my last post! Not sure if anyone listened to me when I suggested a stock a few years ago which took off? I suggested silver a month back. Telling you it will double within a year especially if the media in the USA starts to use the word 'recession' ! You've been advised! 
And I believe in holding Bullion (bars, rounds, coins) NOT certificates. When the time comes I want to make sure I have it in hand. You can never know what's going to happen to the banks. Those who believe that banks would never close their doors are just blind! I've personally seen it happen twice (I was in Europe at the time it happened). To think it wouldn't happen here is just naive. How many of you heard about the 'bail-in' that happened in Turkey just a couple years ago? If you think it can't happen here then I've got news for you... government has recently changed the laws so that they can!
http://www.mondaq.com/canada/x/747150/Financial+Services/Canadas+BailIn+Regime+Now+in+Force
And I believe in holding Bullion (bars, rounds, coins) NOT certificates. When the time comes I want to make sure I have it in hand. You can never know what's going to happen to the banks. Those who believe that banks would never close their doors are just blind! I've personally seen it happen twice (I was in Europe at the time it happened). To think it wouldn't happen here is just naive. How many of you heard about the 'bail-in' that happened in Turkey just a couple years ago? If you think it can't happen here then I've got news for you... government has recently changed the laws so that they can!
http://www.mondaq.com/canada/x/747150/Financial+Services/Canadas+BailIn+Regime+Now+in+Force
Depends on which bank you invest in. TD put money into the American economy during the Financial Meltdown (primarily Morgan Stanley), they have reaped handsome rewards from it. There are TD ATM's all across NYC, some have told me California as well. Bank of Nova Scotia has moved up - although Tangerine sucks. RBC has moved down which surprises me, they took the biggest hit in September.
bver_hunter:
CRISPR is promising technology in oncology but good science doesn't always yield high returns and it certainly is not for the faint of heart. If I had bought CRSP in May 2018 (when you posted) @ $68.91 I'd be down 45% today ($37.91). Just by fortuitous comparison BCE a year ago in Oct 2018 was $50.95 and closed last week @ $64.11 or a gain of 26% (plus a dividend of 5%). Hind sight is always 20/20 and there are of course no guarantees for the future. And there are a dozen reasons why these two stocks are apples and oranges and as I said a fortuitous comparison. Cheers.
Gold. Central banks are clambering for inflation and lowering interest rates to manufacture it. Buy on dips.
zero question about it. Index funds or ETFs. The pros cannot beat the average and indexing guarantees the average
The more you put into bonds the safer.
It could not be easier
The more you put into bonds the safer.
It could not be easier
This is hilarious, but I found a stock that is immune to the coronavirus.
Peloton (PTON). Made 6k off it yesterday already. Bought about 100x out of money calls.
To be fair PTON has been 100% predictable in the past month or so. Up and down every week. Safe investment.
Peloton (PTON). Made 6k off it yesterday already. Bought about 100x out of money calls.
To be fair PTON has been 100% predictable in the past month or so. Up and down every week. Safe investment.
I hope this dude put his life savings in TSLA. LOL
Up 66% since this post! Hopefully he has made a lot of SPs happy since! I would be in quite the bender! :encouragement:
Huh? What about duration risk? Today in the US we are at all-time low interest rates and not that different in Canada. If you buy a nice "safe" 30 yr US Treasury Bond and for every 1% increase rates you lose about 16.9% unless held to maturity (and continue low rates) - other factors equal.
Just to get to long-term averages rates would have to increase 4-5% with huge bond losses. Today we have artificially low rates mostly since there is about $14 Trillion of NEGATIVE yielding soverign debt so any positive rate is better than negatives in much of the world.
For every 1% increase in interest rate bonds would lose about 1% times duration - other factors equal.
Bond holders have had a great ride in the last 10-years making money on the declines in rates. Today the risk of higher rates over the next few years is far greater than even lower than all-time low rates currently in my view.
Hope people took my advice here, and this crypto currency crash will continue and never rebound to anything significant because maybe people are finally realizing it's not money, and nor does it produce anything?
The US is bringing up talk of CBDC's what will the banks do in that case? If crypto is a race to the bottom with fees. Does that change your opinion at all
Not really. Look at what's happened with oil prices. Imagine if you bought company like Birchcliff even 6 months ago? Prices are going just one way... up
Why not really? Do you know what a CBDC does? Issued by the fed all you would need to do is usedthe proper wallet to access your CBDC. I dont see where banks play a role in that world
