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

[Zoot Allures]

"Warren Buffett has repeatedly stated that Berkshire Hathaway's massive size makes beating the S&P 500 by a wide margin nearly impossible now, which is why he frequently advises everyday people to buy low-cost index funds instead."


Correct, which is why you cannot buy his stock because he closed it as it was getting too big

All big managed funds also have this issue - when they get too big they cannot swerve

But, the salient point is you are not Warren Buffet so you should just buy an ETF and hold, according to Mr Buffet. He advices the S&P but I say it depends on your risk tolerance. I have a huge risk tolerance so i am big into the S&P but that is just me

You need to listen to somebody, so I choose Mr Buffet because of his past success and because he is being honest. He is giving free advice and he is not trying to sell anything

 

[jeff2]

"Warren Buffett has repeatedly stated that Berkshire Hathaway's massive size makes beating the S&P 500 by a wide margin nearly impossible now, which is why he frequently advises everyday people to buy low-cost index funds instead."


Correct, which is why you cannot buy his stock because he closed it as it was getting too big

All big managed funds also have this issue - when they get too big they cannot swerve

But, the salient point is you are not Warren Buffet so you should just buy an ETF and hold, according to Mr Buffet. He advices the S&P but I say it depends on your risk tolerance. I have a huge risk tolerance so i am big into the S&P but that is just me

You need to listen to somebody, so I choose Mr Buffet because of his past success and because he is being honest. He is giving free advice and he is not trying to sell anything

Berkshire class A and B shares can still be bought.

 

[Zoot Allures]

Berkshire class A and B shares can still be bought.

Class A trades in the hundreds of thousands per share (hit $812,855 on May 1, 2025).

Class B trades around hundreds of dollars (hit $542.07 the same day).

Class B was created so you and I can buy in

They march in step but have differences besides price


From 1965 to 2023, Berkshire compounded at ~19.8% per year

• The S&P 500 (with dividends) compounded at ~10.2% per year

That’s an enormous long‑run beat. A $1,000 investment in 1965 would have grown to:

• Berkshire: ~$41 million
• S&P 500: ~$300,000

This is why Berkshire is considered one of the greatest compounding stories in history.

but in recent decade the S&P has caught up or done better because, IMHO, Berkshire is so huge and Buffet avoids tech

 

[Mandala]

So, I made another 11.5 K yesterday as market rose .78%

One can only speculate why but, my thoughts are the pressure was off the fed to increase interest rates because inflationary pressures were down

this means bonds were not as competitive with stocks so stocks rose

The reason the fed will not increase rates is because employment was down so inflation pressure was low

My point being the stock market rising is good for those who have stock it is not an indication of how well the working man is doing

Jobs are down, inflation up and there is a war devastating Europe and some countries because of Trump yet the stock market is up

 

[Robert Mugabe]

I actually lost $22,000 in Sprott Silver and Gold. Finally said fuck it and sold it at a loss. Got tired of it being tanked for six months. Bought TD and BNS. They are up around 30% this year. So if I can get 30% from the two banks I will consider it not exactly a win, but a justified recoup. Mind you, I expect Silver and Gold to go parabolic since I sold them.

 

[speakercontrols]

heh, should have been there for 2009, I was down well over a million. However, these things recover right?

What should I do now? Buy banks?

 

[Mandala]

I actually lost $22,000 in Sprott Silver and Gold. Finally said fuck it and sold it at a loss. Got tired of it being tanked for six months. Bought TD and BNS. They are up around 30% this year. So if I can get 30% from the two banks I will consider it not exactly a win, but a justified recoup. Mind you, I expect Silver and Gold to go parabolic since I sold them.

The vast majority of the gain in the market is done by a very small few % of the stocks

The reason is a stock can only lose so much. It drops to zero than can go no further

A winning stock can go up forever

Picking that small % of huge winners is impossible

If it was easy every fund would do it but the majority do not beat the market and the few that do beat the market by chance

so just buy the entire market with an ETF. Yes, you buy the losers but also the winners

To buy individual stocks is a crap shoot that you will lose

 

[Big Rig]

Stocks rebounded today after a few days of bear

Why is just a guess , but I suspect the jump wasn't a "dead cat bounce" from profit-taking, but a recovery fueled by a pullback in oil prices and false hopes of a solution to Hormuz as Duck Donald Trump says war will be over after midterms if you vote republican.

 

[Joe971]

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

Hello...
I’d appreciate it if you could let me know which bank is currently offering a 2.8% HISA. I was quoted 2.75% annually for a GIC that I can’t touch for an entire year, lol.

 

[Mandala]

Hello...
I’d appreciate it if you could let me know which bank is currently offering a 2.8% HISA. I was quoted 2.75% annually for a GIC that I can’t touch for an entire year, lol.

There have been periods where HISA beat GICs

Not today except there are some promtional HISA offered by banks that do but they are short term

 

[Joe971]

There have been periods where HISA beat GICs

Not today except there are some promtional HISA offered by banks that do but they are short term

I remember when HISAs were paying 5%. Those days are long gone, unfortunately...

 

[Mandala]

I remember when HISAs were paying 5%. Those days are long gone, unfortunately...

Yes, but they will come back

Low interest rates = HISA advantage. Rising interest rates = GIC advantage