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This stock is a great deal

jeff2

Well-known member
Sep 11, 2004
2,381
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Canadians do pay capital gains taxes on US stocks.

[ Of course a few conditions apply, such as
- you have to sell the stock for more than you paid for it (otherwise you have a capital loss)
- you have to have " net taxable capital gains" for the year
- you don't have "net taxable capital losses carried forward" such that you can apply them against this year's capital gains.]

It's just that they pay them to the CRA in Canada, not the IRS in the USA

Trump does say some very stupid things though, but that's just my observation. Others might think it's a fact.
Don't forget the T1135 form if you have specified foreign property with a total cost amount of more than $100,000 CDN in a non registered account.
 

QuantumMaverick38

Well-known member
Jul 10, 2024
97
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Most investors can afford to get a bit more risky than just that. People want their money to grow faster even if its risky
Depends what you mean by "more risky." Chasing individual stocks feels like you’re accelerating growth, but statistically most people underperform the S&P 500 over time doing that. The index already is exposure to the top companies, constantly rebalanced. You don't need to do anything.
 

Janick

New member
Jul 14, 2024
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Depends what you mean by "more risky." Chasing individual stocks feels like you’re accelerating growth, but statistically most people underperform the S&P 500 over time doing that. The index already is exposure to the top companies, constantly rebalanced. You don't need to do anything.
Laziness wins 😎
 
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Big Rig

Well-known member
May 6, 2009
2,393
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My thoughts is there is no great stock that is time to buy. That is a pipe dream.
The sharks get in way before you and if they have not bought they did it for a reason
 
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Robert Mugabe

Well-known member
Nov 5, 2017
11,073
8,359
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Just loaded up on Microsoft, bought $100,000.

A great company, very diversified, profittable, growing, and will benefit from the AI movement.

It's down 30% from its peak, and is trading at a very low 19 forward pe ratio. It should recover nicely. Traded it fo somer Google, which had a nice run.
  • Day's Range479.17 - 499.44
  • 52 Week Range349.20 - 553.72
 
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KarlHungus

Member
Apr 22, 2019
46
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  • Day's Range479.17 - 499.44
  • 52 Week Range349.20 - 553.72
Somebody is swinging with his pants down.

I for one, believe MSFT will have a correction after shorts close their position. Looks to be overbought right now, along with a lot of QQQ tailwinds. Circle jerk lending party is almost over. Without expansion of data centers, hardware will be the Ouroboros of tech. It will eat itself because of the high cost but without spending, the tech companies cannot keep their unrealistic P/E ratios at hold. The bond market will speak for this soon.
 

Uuoomkin12

Well-known member
Feb 27, 2022
229
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Great call by the OP. I had a very modest amount in comparison and was still happy. I coulda bought more but bitched out lol.

Any other blue chip companies on sale?

I'm thinking about slowly exiting the market. I'm not an expert but alot of these prices don't make sense. Gonna cut at least 50% by mid September before the midterm
 
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Robert Mugabe

Well-known member
Nov 5, 2017
11,073
8,359
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Somebody is swinging with his pants down.

I for one, believe MSFT will have a correction after shorts close their position. Looks to be overbought right now, along with a lot of QQQ tailwinds. Circle jerk lending party is almost over. Without expansion of data centers, hardware will be the Ouroboros of tech. It will eat itself because of the high cost but without spending, the tech companies cannot keep their unrealistic P/E ratios at hold. The bond market will speak for this soon.
It all looks like it is going to crash.
 

HungSowel

Well-known member
Mar 3, 2017
3,503
2,500
113
It will crash, but I think there is still a long ride to be had. A lot of big cocks are not in the circle jerk yet; Micron, TSMC, ASML, Samsung, SK Hynix, Apple. When all the cocks have shot their load, there is still Trump executive action.
 

Mandala

Well-known member
Jan 2, 2025
367
295
63
Exactly. Its always best to play it safe when it comes to your money. S&P 500 all the way.

Also, consider the stress of buying and selling individual stock.

Vast majority of stocks lose money but the minority of winners make more than the losers lose. This is because losses are limited to zero value of stock but gains have no limit. It is called "positive skewness"

The only way to pick winners is buy a lot of various stock in lots of companies and that is called indexing


Buy index in an ETF as they as very cheap at far less than 1% then forget about it.
 
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