Every day is down there all asset class. Thanks to Donald and Fed .. There are more downside. I was hoping to ride it till end of December and now with tariff looming . Best to go to Cash ... I knew 2025 will be rough days but was hoping i can cash out by 2024 after tax loss selling.
No where to hide
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The upside is that Trump will put a lot of pressure on the Fed to lower interest rates, if the Fed resists then Trump can go the route of decreasing banking regulations which makes lending easier and lowers the real interest rate bypassing the Fed.
I am going to stick with US equities and continue to trim my Canadian exposure. I do see upsides for US equities and zero upside for Canadian equities.
I am going to stick with US equities and continue to trim my Canadian exposure. I do see upsides for US equities and zero upside for Canadian equities.
Since yesterday 75% of my savings is now in simple GIC (took many when they were at 4%) or just cash.
Pretty much only my rrsp are kind of on the market.
At my age I play safe even it may make me miss opportunities. Back in 2010 (or maybe a few years later cannot remember) the canadian dollar went over the US, at 1.10 or something. I knew it wouldn’t stay so I bought in. When canadian dollar fell back to 0.69 i cashed in, making nearly 40% (crazy thing I could have wait more as dollar went further down). My colleague at work followed me on that, he’s still talking about it!
I will now just mimic investment made by a few guru in 2925. I understand that if tariff of Trump were only a big bluff I will probably have lost a lot of opportunities but that’s fine.
Pretty much only my rrsp are kind of on the market.
At my age I play safe even it may make me miss opportunities. Back in 2010 (or maybe a few years later cannot remember) the canadian dollar went over the US, at 1.10 or something. I knew it wouldn’t stay so I bought in. When canadian dollar fell back to 0.69 i cashed in, making nearly 40% (crazy thing I could have wait more as dollar went further down). My colleague at work followed me on that, he’s still talking about it!
I will now just mimic investment made by a few guru in 2925. I understand that if tariff of Trump were only a big bluff I will probably have lost a lot of opportunities but that’s fine.
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I will continue to invest in the Canadian market, dollar cost averaging. My stocks are being held long term so withing those timelines everything will improve.
Mine too. It is depressing to see much wealth. They all come back like after banl crisis amd covid
Also cashing in cap losses.
Can't imagine being in the position having to cash out for Xmas. It frightens me just thinking about being in that position.
Markets recovered quite a bit over the past few days. Was down ~17k a week ago, now ~7k down. A penny unlost is a penny earned. Hopely the market continue to recover until Trump takes power, afterwards it will be feast or famine.
With GICs @ 3.5% and the poor tax treatment that interest gets, you have no choice but to stick your non registered bare dick into the STD infested market.
With GICs @ 3.5% and the poor tax treatment that interest gets, you have no choice but to stick your non registered bare dick into the STD infested market.
Huh? The NASDAQ is up over 6% since the election. The Dow Jones Industrials are also slightly up.
Regardless, the stock market rally is long in the tooth. Still I expect 2025 to be an adjustment year after the post COVID boom from aggressive monetary and fiscal stimulus ending. This was inevitable.
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