Lost $22,000 2 days ago so this is my plan

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Mandala

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Jan 2, 2025
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Lost 22K two days ago :mad: and I am a conservative investor


Got 14 K back yesterday but that was expected as profit seekers jump in

Getting in at the end of a bear day sems like quick money but if it was that easy everyone would do it then the alpha would no longer exist

Therefore, that easy money must be an illusion as predicting the short term market
is a fool's game

My plan is to hold
 
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peeler_feeler

B(.)(.)B Lover
Dec 5, 2001
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Mandala said:
Lost 22K two days ago :mad: and I am a conservative investor


Got 14 K back yesterday

Happens all the time as profit seekers jump in

Getting in at the end of a bear day sems like quick money but if it was that easy everyone would do it then the alpha would no longer exist

Therefore, that easy money must be an illusion as predicting the short term market
is a fool's game
Click to expand...
What stocks or other investment instruments were involved? Was the investment leveraged too to increase the loss/gain?

Have you read the book Fooled by Randomness by Nassim Nicholas Taleb? A great intellectual read.
 
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Mandala

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Jan 2, 2025
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peeler_feeler said:
What stocks or other investment instruments were involved? Was the investment leveraged too to increase the loss/gain?

Have you read the book Fooled by Randomness by Nassim Nicholas Taleb? A great intellectual read.
Click to expand...
ETFs with no leverage just vanilla ETFs in various markets mostly S&P

'Fooled by Randomness' is about how we rationalize poorly. The market is a place where you can fool yourself easily

My theory is do not chase individual stocks just buy the whole market and hold which is exactly what ETF does

Yes, you will buy losers but you will also buy winners

Mutual funds and brokers will say you are throwing dice when they are throwing the dice as they are guessing at the winners and losers

If you pay someone to actively manage your money 2 things can go wrong instead of one

1 the market which is everyone's risk

2 the stock picker has to guess right which is actively managed risk
 
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33333

33333

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Feb 9, 2018
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Just go to the casino, and put $22,000 on Black
 
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superstar_88

The Chiseler
Jan 4, 2008
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Take everything out and put it under your mattress and you won't lose 22 grand in one day ever again.
 
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Carvher

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Apr 13, 2010
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Another wierd thing about money is as Canadians we think all health related things should be free because they basically are.

But not so much when we get older. Glasses, physical therapy, eye drops, dental care, prescription drugs, etc. become a larger part of our lives and may involve out of pocket expenses and yet we are hesitant to pay for it.

I've realized that it's an investment in your life. The best investment we can make is for our health. So don't be cheap.
 
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Mandala

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Jan 2, 2025
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superstar_88 said:
Take everything out and put it under your mattress and you won't lose 22 grand in one day ever again.
Click to expand...
I know you are joking, but there is a much better idea if you want total guarantee of your principle.

A High interest savings account (HISA) generally matches inflation which normal savings account will never do

The best HISA long term rate today is while inflation is 2.8%

Both accounts are guaranteed by the government from default if they are a CDIC member

but taxes on interest is high so best put in TFSA

But, a lot of the HISA will default to regular accounts so check the details.


This is common investment approach among smart investors who seek total peace that principal is fully guaranteed while protected from inflation and taxes
 
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jeff2

Well-known member
Sep 11, 2004
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Mandala said:
I know you are joking, but there is a much better idea if you want total guarantee of your principle.

A High interest savings account (HISA) generally matches inflation which normal savings account will never do

The best HISA long term rate today is while inflation is 2.8%

Both accounts are guaranteed by the government from default if they are a CDIC member

but taxes on interest is high so best put in TFSA

But, a lot of the HISA will default to regular accounts so check the details.


This is common investment approach among smart investors who seek total peace that principal is fully guaranteed while protected from inflation and taxes
Click to expand...
ZCS is also pretty safe with a good rate.
 
S

superstar_88

The Chiseler
Jan 4, 2008
6,549
1,825
113
Mandala said:
I know you are joking, but there is a much better idea if you want total guarantee of your principle.

A High interest savings account (HISA) generally matches inflation which normal savings account will never do

The best HISA long term rate today is while inflation is 2.8%

Both accounts are guaranteed by the government from default if they are a CDIC member

but taxes on interest is high so best put in TFSA

But, a lot of the HISA will default to regular accounts so check the details.


This is common investment approach among smart investors who seek total peace that principal is fully guaranteed while protected from inflation and taxes
Click to expand...
No, I wasn't joking. If a one day dip concerns you so much then don't do it.
 
C

Ceiling Cat

Well-known member
Feb 25, 2009
30,169
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Mandala said:
It is the only sound strategy IMHO everything else is for losers
Click to expand...
Sunday Aug 9, 9:40 p.m.

SDE11.33
TNZ54.07
TAU3.18
GSKR3.56
TVE12.57
RDS.93
VNP30.35
MAXQ.405
VRNO7.69
AGMR3.88
CURA13.08
 
R

Robert Mugabe

Well-known member
Nov 5, 2017
11,090
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Mandala said:
ything


It is the only sound strategy IMHO everything else is for losers
Click to expand...
Just like to torture myself with this time span and amount.
A $1,000 investment in Microsoft (MSFT) made in 1990 would be worth approximately
$7,019,423 today, assuming you held the shares continuously through multiple stock splits.
 
C

Ceiling Cat

Well-known member
Feb 25, 2009
30,169
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Monday Aug 10 10:05 a.m.

SDE11.33 Sold @ $11.70 - 4% profit =$400 on $10,000 buy
TVE12.57 Sold @ $13.11 - 4.38$ profit = $438 on $10,000 buy
 
C

Ceiling Cat

Well-known member
Feb 25, 2009
30,169
2,615
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Monday Aug 10 10:14 a.m.

TNZ 54.07 Sold @ $56.83 - 5.12% profit =$512 on $10,000 buy
 
B

boobtoucher

Well-known member
May 25, 2021
1,094
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Lost 12 grand on the 28th. Have made 40 grand since. Made no trades to do that.

Only buy stock if you believe you never need to sell it. Reinvest your dividends.
 
J

jetfuel

Active member
Jan 31, 2005
612
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Robert Mugabe said:
Just like to torture myself with this time span and amount.
A $1,000 investment in Microsoft (MSFT) made in 1990 would be worth approximately
$7,019,423 today, assuming you held the shares continuously through multiple stock splits.
Click to expand...
You are recommending a stock from 36 years ago, hindsight is 20/20.

Did you know about this stock in 1990?
 
C

Ceiling Cat

Well-known member
Feb 25, 2009
30,169
2,615
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Monday Aug 12:05 p.m.

VNP 30.35 Sold @ $30.75 - 1.31% profit =$131 on $10,000 buy
VRNO 7.69 Sold @ $7.85 - 2.06% profit =$2.06 on $10,000 buy
CURA 13.08 Sold @ $13.38 - 1.97% profit =$197 on $10,000 buy
 
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