It's funny when people make predictions and are consistently wrongI just want to add that some of the things mentioned hear sound contradictory. "There is nothing for sure on the stock market" and yet the later portions sounds like you're an expert in timing the market. If that's the case, you're a billionaire now right?
BCE
- Thread starter Carvher
- Start date
Many people said the same when ENB hit 43. Now it is at 48 and still good yield
You have asked a valid question, so I will answer it to the best of my abilities. You have also awakened a sleeping Cackling U-man that rises at 11:09AM and taps out his denouncements over his bowl of breakfast porridge.I just want to add that some of the things mentioned hear sound contradictory. "There is nothing for sure on the stock market" and yet the later portions sounds like you're an expert in timing the market. If that's the case, you're a billionaire now right?
To explain my statement that there is nothing sure about the stock market, what I mean is that a stock that has went up will not necessarily keep going up. The market conditions and demand determine the price. On the matter of market timing. it all depends on your definition of market timing. If you have the skills and ability to use the moving average price of a stock you can more accurately predict the price direction. There are other ways to gain insight into market conditions, one of them is to be aware of financial and political events that influence the markets.
Am I a billionaire. I am not. I am merely a person that is able to use tools to gain insight into the financial markets. There is a term that has been used by the financial investment community. That term is " unsophisticated investor " This term refers to investors that have little or no ability or experience to make the best choices. These people usually buy GICs or ETFs, or they will buy a stock blindly not knowing if they are buying in high or low. An example of this is when a unsophisticated investor buys CTC.A ( Canadian Tire ) Using the logic that Cdn. Tire is across the country and sell the goods that people need in every day living. If this is sound logic then CTC.A will make you a profit every day. The successful investor has a strategy and knows how to read the markets. He has to be aware of environmental, political, and economic condition. The big banks and financial institutions buy when they estimate a stock to be below market value and sell when it is over valued. People have speculated that banks and financial institutions make as much as 300 - 500% on the money you deposit with them. Then they pay you a measly 5.5% annually. How else could they afford their big downtown buildings, multiple branches and thousands of employees. It is not enough to predict if a stock is going to rise, you also have to know at what point it will fall n price and take advantage of the high and lows.
Raj,
While I am right more often then I am wrong, that is all I need to show a profit. You are not the first Cackling U-man to show up to cast aspersions. One cackler that claimed to be the owner of high rise buildings and had a huge portfolio claimed to make 18% in two years, when in fact he lost 18%. Shall I send you to live with him in Cackler Shitty? You have cackled me more than once. Show me you are not simply a sack of fart gas. Let us see if you have the slightest ability or if you are only able to make feeble brapping sounds. Pick five stocks and show me you are not a loud mouth U-man that wakes at 11:09 every morning. Those that can do, those that can't cackle.
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ENB 48.47
T 23.35
BCE 46.36
These seem to be all SloMo Joes. safe and sure - No big risk and no big gain stocks.
Cat picks :
ASM .77
ATX 1.42
KTN .95
* All prices are @ close Mar.19 - Verify at Yahoo Finance/Historical data.
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lol these stocks will get you nowhere
but ya I get it if you're retired and just want something steady with dividends but even then it's still suboptimal purely from a financial (not psychological) perspective
Re : Post #122
Raj. picks :
ENB 48.47 Close 48.67 +4.12%
T 23.35 Close 22.50 -3.64%
BCE 46.36 Close 46.35 - .02%
------------
+ .46%
=====================================================
Cat picks :
ASM .77 Close 0.80 +3.89%
ATX 1.42 Close1.47 +3.52%
KTN .95 Close 1.00 +5.26%
- -----------
+12.67%
* Correction - the above total % is not correct. The correct % gain is below next to $ amount gain.
Raj.
If we would have bought $10.000 of each stock in our portfolios at open of market and sold it at close of market you would be up $46. (.15% gain) I would be up $1267. (4.22% gain)
Raj. picks :
ENB 48.47 Close 48.67 +4.12%
T 23.35 Close 22.50 -3.64%
BCE 46.36 Close 46.35 - .02%
------------
+ .46%
=====================================================
Cat picks :
ASM .77 Close 0.80 +3.89%
ATX 1.42 Close1.47 +3.52%
KTN .95 Close 1.00 +5.26%
- -----------
+12.67%
* Correction - the above total % is not correct. The correct % gain is below next to $ amount gain.
Raj.
If we would have bought $10.000 of each stock in our portfolios at open of market and sold it at close of market you would be up $46. (.15% gain) I would be up $1267. (4.22% gain)
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109 percent over what time period ? it's important to calculate the annualized return ...eg 109 percent over 20 yrs isn't impressive
I know the subject well enough, I just dont need to write it out all with referencing ACADEMIC PAPERS.
Once you said you can't spend "total returns" (first post), I knew math was not your strong suit.
LMAO, showing me the TSX with or without dividends. You said clearly you know Ben's arguments (or rather what the data /math says), but clearly you don't. YOU do not know what you're talking about.
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How did you arrive to a your nominal gain of $1267 on $10k hypothetical invested when you also indicated a 4.22% return????
The gain of $1267 was not on one stock, it was on three stocks made on one trading session of 6½ hours.
Raj chose three stocks and made a $46 gain on the same session. The hypothetical buys were of $10,000 on each stock, bought at market open and sold at market close on the same session. Raj made a gain of .15%, my gain was 4.22%. ( hypothetical stocks purchased are on post #125 )
Because I know I'd be talking to a wall; go back to learning basic math....and yet you presented no new information, absolutely zero arguments and just blah blah blah. Huh. I'm sure you know what you're talking about.
I can, but you're a simpleton, so I'm not gonna bother.
Wasted time enough time arguing with a poster named John Jacob or something who is some supposedly finance whiz, but just another pretender.
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