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lha1z3p | I would not have held it or bought when it was trading over $10-12. I bought it around $8 and out of sheer luck, sold it ~$8.50.
I bought back in today. It's dumping on the dividend cut but I see an opportunity.
What do you not like about them now, at $7? | 2 | _LogicPrevails | 2024-08-09T14:17:31 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha1z3p/ | 2 | t3_1envub7 | t1_lh9y4op | false | false |
lha2iiq | This company is the reason I invest entirely in index funds now. Wasted a disgusting amount of money investing in it. | 239 | CaptanTypoe | 2024-08-09T14:20:31 | null | 235 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lha2iiq/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lha30jk | Friday dips are real!! Time to load up | 3 | Larkalis | 2024-08-09T14:23:16 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha30jk/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lha4nnc | Darling to utter dog | 6 | Decent-Ground-395 | 2024-08-09T14:32:15 | null | 5 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lha4nnc/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lha552s | Selling their renewables is not enough to get them out of their debt situation, so cutting the div was probably the right thing to do.
Really though they should have cut the div more deeply the first time so as not to trap any div investors. | 30 | ptwonline | 2024-08-09T14:34:54 | null | 30 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lha552s/ | 1 | t3_1eo0es2 | t1_lha0zaj | false | false |
lha5h32 | Probably fine, I do have and prefer global diversification, the USA has been great with returns for a very long time, but that does not it will continue forever. I have about 60% USA and 40% international. But I like the simplicity of one fund when you are starting out. You could change VFV for XEQT for a us heavy but still global one stop shop etf. Or you can stick to VFV for a few years and add other funds for global diversification in the future. You are starting early, that's all the matters, just keep at it! | 2 | Alpha_wheel | 2024-08-09T14:36:44 | null | 2 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha5h32/ | 0 | t3_1enqpqb | t3_1enqpqb | false | false |
lha67sa | There’s no financial market as robust, diverse and unique like the good ol’ USofA! You don’t need to go anywhere else. Fund managers have been pushing EM and EU for decades and they have NEVER worked. I’m not saying things won’t change, but the odds are better in the US.
Historically, markets have always managed to climb upwards, there will be corrections and market crashes, but patience is vital. The market is there for you to growth your wealth! Read up on behavioural finance, it will help you become a better investor.
One more thing, don’t listen to the bears that say it’s the end of the world as we know it. They have been and always will be wrong. | 2 | FinanceExpert1 | 2024-08-09T14:40:46 | null | 2 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha67sa/ | 0 | t3_1enqpqb | t3_1enqpqb | false | false |
lha69g5 | You can still contribute to the rrsp (assuming you have cash to do so after maxing out TFSA and FHSA but yes do this first) you don't have to take the tax break this year, you can defer it. But I also never deferred it as even the smaller tax break was still cash to be deployed now rather than in the future, so I think the time value of money may be worth more than larger tax savings later. | 2 | Alpha_wheel | 2024-08-09T14:41:01 | null | 2 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha69g5/ | 1 | t3_1enqpqb | t1_lh89oxb | false | false |
lha6ngz | He is talking about global exposure，yes the funds are diversify but it is all USA. May be worth adding international funds. If you believe USA will be the best market forever 100% of the years then yeah VFV and voo are enough. | 1 | Alpha_wheel | 2024-08-09T14:43:06 | null | 1 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha6ngz/ | 2 | t3_1enqpqb | t1_lh9ht0y | false | false |
lha6zcc | It's just wild to me that a few years ago this was a favored pick by investment commentators. we're now down to 08 levels. good luck to those who lost money on this :( | 27 | rhunter99 | 2024-08-09T14:44:52 | null | 25 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lha6zcc/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lha770c | Really well run company! | -1 | StayClassynet | 2024-08-09T14:46:00 | null | -1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha770c/ | 1 | t3_1envub7 | t1_lh9lpdx | false | false |
lha7e78 | I get that but the top companies in the USA have lots of international exposure so you can get away with it for simplicity's sake | 1 | Thunder_Flush | 2024-08-09T14:47:03 | null | 1 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha7e78/ | 3 | t3_1enqpqb | t1_lha6ngz | false | false |
lha7ty1 | Yea holding a chunk of it. New Avg around $8.28. Sold a portion a couple days ago, rebought it earlier today.
More holding for a reformation play. Look at ALA, it was a bit of a darling dividend Utility stock back in the day. Then dropped as it overextended itself. Now rarely talked about, but chugging along. AQN probably weaker though.
Or i guess worst case being Atlantic Power Corporation atp that was gutted. Chugged along doing nothing for years, then finally got acquired back in 2021. | 0 | defnotjackiec | 2024-08-09T14:49:22 | null | 0 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha7ty1/ | 1 | t3_1envub7 | t1_lh9wp47 | false | false |
lha7wnl | I'm early, better make a joke
Algonquin Power | 24 | RealBigFailure | 2024-08-09T14:49:46 | null | 23 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha7wnl/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lha7z3c | Currently bag holding at close to -60%
Made money on AQN years ago and shouldn't have re bought.
Dog shit company | 57 | Easy7777 | 2024-08-09T14:50:08 | null | 56 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lha7z3c/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lha861c | If MPC is breaking 180$ and stays above, I'm adding. If not, I might put in place a stop-loss.
[https://www.reddit.com/r/CanadianInvestor/comments/1ebr2m8/comment/lewx4w5/](https://www.reddit.com/r/CanadianInvestor/comments/1ebr2m8/comment/lewx4w5/) | -1 | Stash201518 | 2024-08-09T14:51:09 | null | -1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha861c/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lha8oom | > What do you not like about them now, at $7?
Regardless of the price I don't see it as being a strong company, and I still do not trust the management. So it *could* be an ok value at around $7, but I would rather hold what I consider to be better companies. I hold utilities to lower my risk and provide more stability, not to take risks.
What is their path forward to get the rest of their debt under control and then have a way to grow? Their previous growth model was taking on projects to convert to renewable energy generation and either collect fees or to re-sell for more money. Now it looks like they will end up just being a regulated utility holding a few conventional power plants but they are getting low return on capital from those. Are they going to try to take on new debt to buy more assets or expand current operations? Is there enough sales growth potential to support that, and can they even do that any time soon or will it be years of stabilizing before they get some growth? Big question marks for me, and so I have little interest in it regardless of price.
Edit: the one thing that could happen is if they get bought out if the share price gets low enough, but I am not sure who would want to buy them with their debt and interest rates still on the high side. They would likely rather just buy some of their assets. | 4 | ptwonline | 2024-08-09T14:53:55 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha8oom/ | 3 | t3_1envub7 | t1_lha1z3p | false | false |
lha9rnb | Yes, 100% I agree it is best to have a simple plan as you start as it is more important to keep the consistent investing than the allocation. But personally (personal finance) y do diversify globally about 60/40 , but I think VFV is fine for the first few years and if op is interested in global exposure it can be added in the future you don't have to, I'm sure you will be fine with 100% us stock market, there are many global companies in the sp500. The whole economy is very globalized. I can't imagine a scenario where the us market goes into bear market without bringing global markets down along for the ride lol. I diversify globally "betting" that emerging markets could have the potential of larger growth than us as they have more room to grow. .... Not worth worrying about that during the first few years of investing, for simplicity sake. | 1 | Alpha_wheel | 2024-08-09T14:59:37 | null | 1 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha9rnb/ | 4 | t3_1enqpqb | t1_lha7e78 | false | false |
lha9vjo | Were you able to recover from your 7% overall down in your portfolio? | 1 | vmmf89 | 2024-08-09T15:00:10 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lha9vjo/ | 1 | t3_1envub7 | t1_lha861c | false | false |
lha9zz6 | Absolutely :) | 1 | Thunder_Flush | 2024-08-09T15:00:49 | null | 1 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lha9zz6/ | 5 | t3_1enqpqb | t1_lha9rnb | false | false |
lhaa5he | XST.TO did a 2:1 stock split today.
I had a momentary surprise looking at my spreadsheet this morning and finding I was significantly down, yet no particular stock was down very much.. but when comparing each account to last week's snapshot, I noticed that the share price of XST was down to ~50 where it should have been 100. Sure enough, when logging into Questrade there is a memo about it. | 3 | ether_reddit | 2024-08-09T15:01:38 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaa5he/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhaa9v5 | "but I would rather hold what I consider to be better companies."
This is my view as well. If one wants a utility why not buy Chemtrade who has already gone through this pain four years ago? | 1 | IMWTK1 | 2024-08-09T15:02:17 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaa9v5/ | 4 | t3_1envub7 | t1_lha8oom | false | false |
lhabasl | I'm down on LULU about 48%. I need it to go up about 95% from here just to break it even. | 11 | Stash201518 | 2024-08-09T15:07:42 | null | 10 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhabasl/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhac4ud | This is a fair take and solid analysis. | 3 | _LogicPrevails | 2024-08-09T15:12:07 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhac4ud/ | 4 | t3_1envub7 | t1_lha8oom | false | false |
lhac919 | What? LOL! I barely recovered 1.9% from the last Thursday and I don't think I'm gonna recover it before November. Some of my holdings (luxury, industrials, etc) only seem to want to estabilish new records of sliding. | 0 | Stash201518 | 2024-08-09T15:12:44 | null | 0 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhac919/ | 2 | t3_1envub7 | t1_lha9vjo | false | false |
lhad1t3 | Sounds like a stretch (see what I did there?) but it's volatile enough that it could happen. It seems pretty fairly priced now but it is dropping on fears of consumer slowdowns including for athleticwear (see the Nike drop as well.) If they can hold their sales and see them as staying ok even in the face of economic slowdowns then you might get a nice pop. Probably not doubling, but the market is crazy nowadays so who knows? | 5 | ptwonline | 2024-08-09T15:16:55 | null | 4 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhad1t3/ | 1 | t3_1envub7 | t1_lhabasl | false | false |
lhad91p | Bag holding 150@16.44 too. | 26 | endor_reddit | 2024-08-09T15:17:57 | null | 26 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhad91p/ | 1 | t3_1eo0es2 | t1_lha7z3c | false | false |
lhadcrv | Still holding, might buy more tbh but idk yet..
~$7.25 avg cost | 5 | Yolo_Swaggins_Yeet | 2024-08-09T15:18:29 | null | 3 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhadcrv/ | 1 | t3_1envub7 | t1_lh9wp47 | false | false |
lhadeuj | To be frank, anyone recently invested in AQN should just invest in index funds instead. Their financials were terrible. Red flags everywhere. When you have to sell assets to reduce debt in a crisis, only good assets will sell at a decent price and fast enough to avoid breaching covenants. Thus, often a death spiral scenario | 46 | Dangerous_Position79 | 2024-08-09T15:18:47 | null | 43 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhadeuj/ | 1 | t3_1eo0es2 | t1_lha2iiq | false | false |
lhadreu | Should've dump this dog when I was up a couple grand. Junk. | 5 | ontherise88 | 2024-08-09T15:20:37 | null | 5 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhadreu/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhadsa3 | I'm not hiding it, I am not able to beat the index (SPX) this year while holding individual stocks, no matter how brilliant they are. I'm constantly behind 2%-3%. If I compare with VFV, it's even worse, I'm behind 5%, all thanks to my Canadian darlings. The fricking drops after earnings no matter if they are good or bad is just showing the evaluation and expectations are too high.
I am about 15% cash, gonna drop it in one go in VFV the moment I'm reading a turn of downside momentum. | 11 | Stash201518 | 2024-08-09T15:20:44 | null | 9 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhadsa3/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhagcmr | You can't beat the market, but you still think you can time the market?
Drop it in and don't look back. | 15 | Jimberfly | 2024-08-09T15:34:03 | null | 14 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhagcmr/ | 1 | t3_1envub7 | t1_lhadsa3 | false | false |
lhagsu9 | same way Hollywood loses money on blockbuster hits. | 6 | 1nd3x | 2024-08-09T15:36:22 | null | 4 | /r/CanadianInvestor/comments/1enxgni/canopy_growth_reports_first_quarter_fiscal_year/lhagsu9/ | 1 | t3_1enxgni | t1_lh9reyf | false | false |
lhagu2c | "Taking Care of Business" 🎶 | 3 | weatheredanomaly | 2024-08-09T15:36:32 | null | 3 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhagu2c/ | 1 | t3_1envub7 | t1_lha0brn | false | false |
lhajnbk | Trading words of the week "Yen Carry Trade" - you learn something everyday. We went from one of the largest market crashes in Japan since 87 to the TSX having its best day since 2022. Interesting trading week. | 10 | Mephisto6090 | 2024-08-09T15:50:59 | null | 9 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhajnbk/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhajv6p | My average is $8.60, I really wasn't worried about it. It sat there and paid my dividend, all good, AND NOW THIS! May as well hang in there for now. | 7 | Icy_Business_8923 | 2024-08-09T15:52:06 | null | 7 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhajv6p/ | 1 | t3_1envub7 | t1_lh9wp47 | false | false |
lhak2c5 | You're not alone, I'm right there with you. | 2 | omgArrow | 2024-08-09T15:53:06 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhak2c5/ | 1 | t3_1envub7 | t1_lhabasl | false | false |
lhal4dl | They are also the best at actually replicating value based on established research. | 2 | ok_read702 | 2024-08-09T15:58:29 | null | 2 | /r/CanadianInvestor/comments/1enkf6k/what_etf_do_you_use_for_value_exposure/lhal4dl/ | 2 | t3_1enkf6k | t1_lh7e4y8 | false | false |
lhaom26 | At this point mismanagement is a core Canadian value from our government to our private sectors | 28 | Lentil_SoupOrHero | 2024-08-09T16:16:37 | null | 25 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhaom26/ | 1 | t3_1eo0es2 | t1_lh9z2tu | false | false |
lhap1vo | People get mad at this but spend 20 minutes in any government office and see how hilariously inefficient things are. | 7 | releasetheshutter | 2024-08-09T16:18:51 | null | 7 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhap1vo/ | 3 | t3_1envub7 | t1_lh9t0kp | false | false |
lhap7n2 | If you are trading, why are you holding over earnings? Especially now when we are expecting a recession? Or at least hedge?
How are you not beating with all the percent gains you're posting regularly?
Update: Never mind, I see you let your losses extend to 50%. That will do it. | 0 | IMWTK1 | 2024-08-09T16:19:40 | null | 0 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhap7n2/ | 1 | t3_1envub7 | t1_lhadsa3 | false | false |
lhapfse | Pepperidge Farm remembers several users here pumping AQN at $17+. A good reminder to be leery of advice on any of these subs. | 31 | releasetheshutter | 2024-08-09T16:20:51 | null | 29 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhapfse/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhaqqrt | AQN, GDNP, GRN
RIP | 13 | metallica41070 | 2024-08-09T16:27:35 | null | 12 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaqqrt/ | 1 | t3_1envub7 | t1_lhapfse | false | false |
lhas10k | Global ETFs, money market ETFs, bond ETFs, gold ETFs, market funds with different management (incase of fund failure as unlikely as that is). Believe me these are great to have to dip into to rebalance in a major correction that presents a buying opportunity like right now. Remember 37 percent of the s and p is 10 companies. | 1 | jakemoffsky | 2024-08-09T16:34:14 | null | 1 | /r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/lhas10k/ | 2 | t3_1enqpqb | t1_lh9ht0y | false | false |
lhasaf4 | LOL I can't believe how quickly this company has gone into the shitter. Another "Canadian Investor" sub darling in the trash bin, along with other gems like "REITs" that certain people were pumping around here (including that 'RetiredCEO' moron who deleted his account in shame). | 49 | reallyneedhelp1212 | 2024-08-09T16:35:36 | null | 46 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhasaf4/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhaslve | I have losers and loses. ACLS is one, I really like the company, bought at 106$ it run to 150$, didn't sell it and now back to 106$.
LULU took me by surprise. It's the only one deep in red. I am flat or slightly down on a number of other stuff like ON, ADBE, TOU, NUCOR but not half of value. LULU is a special case, I really didn't use my head on this one.
And no, I'm green on most of my holdings but *I cannot beat the index* which is not the same as saying I lost money overall. | 3 | Stash201518 | 2024-08-09T16:37:15 | null | 3 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaslve/ | 2 | t3_1envub7 | t1_lhap7n2 | false | false |
lhasnd7 | I'm truly and legitimately impressed this crappy company is still a viable organization with the tens (hundreds?) of millions they've lost for the last number of years now. Sad. | 8 | reallyneedhelp1212 | 2024-08-09T16:37:27 | null | 7 | /r/CanadianInvestor/comments/1enxgni/canopy_growth_reports_first_quarter_fiscal_year/lhasnd7/ | 0 | t3_1enxgni | t3_1enxgni | false | false |
lhatldr | I *almost* can time the market. Almost. Of course, if you're not in, then you're out. But I have burned before by "lump it and don't look back" way before, in 2007. | 2 | Stash201518 | 2024-08-09T16:42:19 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhatldr/ | 2 | t3_1envub7 | t1_lhagcmr | false | false |
lhau3aq | It's an example of fucking the capital. Because a drop of this magnitude will demand doubling the price to recover. For that is important to protect the capital or just buy the index. | 2 | Stash201518 | 2024-08-09T16:44:53 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhau3aq/ | 2 | t3_1envub7 | t1_lhad1t3 | false | false |
lhau4eg | Swing traders dream | 1 | inthesix99 | 2024-08-09T16:45:03 | null | 0 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhau4eg/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhaucl0 | I didn't imply you were losing but one large loss can cause you to underperform. This is why most managers can't beat the index. Unless you have a plan to mitigate that, you might as well just buy the index. It sounds like a correctable mistake though as long as you correct your system. The key is not to lock in a large loss like that if the company is sound and it's just going through rough economic conditions. You can always average down or buy leaps.
Peter Lynch had a famous saying something to the effect of retail investors underperform due to self inflicted wounds by selling at the wrong time i.e. large losses instead of cutting losses early or just holding on. | 3 | IMWTK1 | 2024-08-09T16:46:14 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaucl0/ | 3 | t3_1envub7 | t1_lhaslve | false | false |
lhaugof | It hasn’t been at those levels in 2 years, a lot has changed. Loading up rn 🤷🏻♂️🫡 | 4 | Yolo_Swaggins_Yeet | 2024-08-09T16:46:49 | null | 4 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaugof/ | 1 | t3_1envub7 | t1_lhapfse | false | false |
lhauiwn | How would you expect them to pay future dividends when they are selling revenue generating assets that create the profits that ultimately fund the dividend? Would you want them to borrow money to fund the dividend? | 8 | DickSmack69 | 2024-08-09T16:47:09 | null | 8 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhauiwn/ | 1 | t3_1eo0es2 | t1_lha0zaj | false | false |
lhauygh | CGX going vertical | -1 | JimmyRussellsApe | 2024-08-09T16:49:21 | null | -1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhauygh/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhauz20 | godspeed, soldier 🫡 | 8 | releasetheshutter | 2024-08-09T16:49:26 | null | 7 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhauz20/ | 2 | t3_1envub7 | t1_lhaugof | false | false |
lhav7hx | Lmao Interactive brokers charged me .26 to purchase one share of CBIL. Hopefully none of you, use this broker for CAD trades | -9 | Cromikey1 | 2024-08-09T16:50:39 | null | -10 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhav7hx/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhavxzf | Lemon stock, yikes | 1 | Larkalis | 2024-08-09T16:54:25 | null | 1 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhavxzf/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhaw15i | It's important to reflect back on these companies, especially on a site like Reddit where old posts get buried so quickly. | 6 | releasetheshutter | 2024-08-09T16:54:53 | null | 6 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhaw15i/ | 2 | t3_1envub7 | t1_lhaqqrt | false | false |
lhawgyr | Welp, another bust in my portfolio. | 5 | Fatch1 | 2024-08-09T16:57:08 | null | 4 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhawgyr/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhawle4 | This was the first company I bought 3 years ago. My limited DYOR on reddit led me to believe this was a forever hold no matter what type of storm comes along. I have also since stuck to index funds only. So much money down the drain. | 15 | RedL34der | 2024-08-09T16:57:46 | null | 13 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhawle4/ | 1 | t3_1eo0es2 | t1_lha2iiq | false | false |
lhaxnjp | I've always maintained 2 banks just incase one gets locked due to compromise. Primary is TD, all inclusive checking is my main where the paycheck goes. small ($30k) emergency fund gaining miniscule interest in their savings account, the rest is invested in TDDI which contains TFSA (maxed), RRSP (almost maxed), and cash account for stocks and TDB8150 gaining 4.05%.
The other half is at RBC. Pretty much same setup. Checking, Savings, RBC DI TFSA, RRSP and cash accounts.
I may transfer the canadian stocks to wealthsimple for free money and then move it back to TD after.
I pay no fees at either TD or RBC aside from the one Aeroplan VIP Visa Card. | 2 | trek604 | 2024-08-09T17:03:12 | null | 2 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhaxnjp/ | 0 | t3_1eo4h4n | t3_1eo4h4n | false | false |
lhaxpue | If something is free then you are the product. Do some research on how they can afford to do this, you might be surprised. | 1 | ProvenAxiom81 | 2024-08-09T17:03:32 | null | 1 | /r/CanadianInvestor/comments/1emc598/td_direct_investing_implementing_partial_shares/lhaxpue/ | 1 | t3_1emc598 | t1_lh1a60u | false | false |
lhay6e6 | Took the L in December and got out. Can't remember how much I lost but wasn't going to ride it down any longer | 4 | omnicorp_intl | 2024-08-09T17:05:55 | null | 3 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhay6e6/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhaz8k3 | This is how I learned not to take investment advice from Motley Fool, or Reddit. Expensive lesson. | 68 | Undisguised | 2024-08-09T17:11:24 | null | 64 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhaz8k3/ | 1 | t3_1eo0es2 | t1_lha2iiq | false | false |
lhb07an | The stock is committing to growth, this is good long- term. | -3 | ProdigyMayd | 2024-08-09T17:16:23 | null | -5 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb07an/ | 1 | t3_1eo0es2 | t1_lha0uzy | false | false |
lhb0ofb | I remember seeing aqn spammed daily on motley fool | 22 | Training_Exit_5849 | 2024-08-09T17:18:51 | null | 20 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb0ofb/ | 2 | t3_1eo0es2 | t1_lhaz8k3 | false | false |
lhb1cg5 | Very poorly managed and the current management is struggling to turn the ship around but at least it seems like they're trying. I agree with some posters that they probably should've cut the dividends more the first time. But most big name investors and analysts were harping on renewable asset sales and further dividend cuts to fix their financials, which they have done, so they should eventually go back to performing as a traditional utility play. The previous CEO really screwed over the shareholders by taking on too much renewables, putting the company under crippling debt with no cash flow to show for it. Hopes, dreams and ideals don't pay the bill, that's the reality. | 7 | Training_Exit_5849 | 2024-08-09T17:22:17 | null | 6 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb1cg5/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhb1ivj | Ibkr - US
WS - Canadian. | 2 | dvd_00 | 2024-08-09T17:23:12 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhb1ivj/ | 1 | t3_1envub7 | t1_lhav7hx | false | false |
lhb1t3e | Nothing like waking up to a plummeting market because something you didn't know existed just blew up. Remember Evergrande?
I realize that some people did see the carry trade issues coming, but it's hard to keep up with every potential crisis. | 1 | space_boobs | 2024-08-09T17:24:40 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhb1t3e/ | 1 | t3_1envub7 | t1_lhajnbk | false | false |
lhb2w8y | Thank you for your input!
Couple things:
• you use a cash account for stocks? Mine is through TFSA account as I understand it’s better because you aren’t taxed on capital gains.
• is the idea to have your emergency fund in a savings account so that you aren’t constantly filling up your TFSA contribution room?
• My personal investments is one account but I have another through CIBC which is just a plain TFSA that earns very little interest ($5 per month on 10grand).
Is the best set up typically: 1.) Interest Cash account for rainy day funds to sit 2.) TFSA account for regular savings holdings to accrue 3.) TFSA Long term stocks
I have an RRSP but I have a pension through work so I feel like it’s not worth contributing to? | 1 | RadiatedSSN8 | 2024-08-09T17:30:12 | null | 1 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhb2w8y/ | 1 | t3_1eo4h4n | t1_lhaxnjp | false | false |
lhb3b8c | It's not their fault that you're poor. | 11 | ghostofcaseyjones | 2024-08-09T17:32:21 | null | 9 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhb3b8c/ | 1 | t3_1envub7 | t1_lhav7hx | false | false |
lhb4p8e | I think you are on the right path. Layers. I wouldn't over think it too much.
I have chequing for daily in/out. A savings for annual expenses that I have a regular transfer into (every pay period), a second savings for larger purchases (vacation, home reno, new car, etc), I have both monthly transfers as well as windfalls (tax refund, inheritance, etc) feeding it.
The 2nd savings is actually a combination of maxed TFSA, 12 x 1 year GICs and a high interest savings account. | 1 | ehud42 | 2024-08-09T17:39:33 | null | 1 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhb4p8e/ | 0 | t3_1eo4h4n | t3_1eo4h4n | false | false |
lhb4ro8 | Still remember when half this sub was loving this stock | 31 | Powerful-Cancel-5148 | 2024-08-09T17:39:55 | null | 30 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb4ro8/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhb5y58 | Okay thanks! So overall you have
- Chequing account
- 1st Savings account for yearly/DTD expenses
- 2nd savings account for medium term larger purchases (this is the one that contains your TFSA, GICS, and high interest savings account?
^ aren’t those 3 different accounts in it of itself? | 1 | RadiatedSSN8 | 2024-08-09T17:45:59 | null | 1 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhb5y58/ | 1 | t3_1eo4h4n | t1_lhb4p8e | false | false |
lhb6em4 | I mean to be fair the likes of the Globe were constantly touting it | 18 | Successful-Long3716 | 2024-08-09T17:48:19 | null | 18 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb6em4/ | 2 | t3_1eo0es2 | t1_lhadeuj | false | false |
lhb6hds | RBC would charge you $9.95 | 15 | YawarTeezy | 2024-08-09T17:48:43 | null | 15 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhb6hds/ | 1 | t3_1envub7 | t1_lhav7hx | false | false |
lhb6sdh | Guaranteed I have 10 times your net worth, minimum. Just using this post as an example and to show everyone, not to use IBKR for CAD trades. | -13 | Cromikey1 | 2024-08-09T17:50:17 | null | -14 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhb6sdh/ | 2 | t3_1envub7 | t1_lhb3b8c | false | false |
lhb83f0 | Never owned AQN but seeing the amount of hate this stock is getting makes me think whether there is any value in this company. Any bull thesis on this (from here)? | 18 | CuriousExplorerX | 2024-08-09T17:56:58 | null | 17 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb83f0/ | 0 | t3_1eo0es2 | t3_1eo0es2 | false | false |
lhb8lr9 | You'll pay interest on the negative USD balance
You'll need to convert your CAD to USD to cover it | 5 | Easy7777 | 2024-08-09T17:59:35 | null | 5 | /r/CanadianInvestor/comments/1eo6066/bmo_investorline_negative_usd_balance/lhb8lr9/ | 0 | t3_1eo6066 | t3_1eo6066 | false | false |
lhb9t3m | Which just further backs the idea that you shouldn't outsource your thinking when it's your money on the line. The Globe makes money from clicks, not from accurate calls or their readers making money. | 19 | Dangerous_Position79 | 2024-08-09T18:05:53 | null | 18 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhb9t3m/ | 3 | t3_1eo0es2 | t1_lhb6em4 | false | false |
lhba391 | This is why I switched to index as well. I was pretty new to investing outside of mutual funds and I kept hearing how great it was. Then to make matters worse I ignored all the red flags and rode the price way too far down. | 3 | NorthernYetiWrangler | 2024-08-09T18:07:20 | null | 3 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhba391/ | 1 | t3_1eo0es2 | t1_lha2iiq | false | false |
lhba41i | They are not a commission free platform | -1 | pharoah_petroc | 2024-08-09T18:07:27 | null | -1 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhba41i/ | 0 | t3_1eo61vm | t3_1eo61vm | false | false |
lhbauv2 | Qtrade has a list of commission free ETF’s, if you are just planning to buy something like XEQT then there is 0 charge. | 10 | Wajina_Sloth | 2024-08-09T18:11:19 | null | 10 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhbauv2/ | 1 | t3_1eo61vm | t1_lhba41i | false | false |
lhbbmvc | What does Maple Leaf spinning off their pork business even mean? I get that they're making it a different company, but what are the benefits of actually doing that?
Feels like having a company that sells meat makes enough sense as is, seems weird to split them up. | 1 | RedEyeAngel72 | 2024-08-09T18:15:24 | null | 1 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhbbmvc/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhbbqsg | Hope none of you were still in AQN | 10 | Cromikey1 | 2024-08-09T18:15:58 | null | 10 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhbbqsg/ | 0 | t3_1envub7 | t3_1envub7 | false | false |
lhbbsda | I have stocks in the cash account for day to day trading. Long term holds and other ETFS/etc yes are in TFSA and RRSP accounts.
Yes the savings accounts just sits there in case of emergency. I have never withdrawn from my TFSA.
If you have room in your TFSA for all your savings without overcontributing then that would be my suggestion to fill up first. The savings can be in there too until you fill it. I admit I have the flexibility to hold my emergency savings in cash. Most people would choose a low volatility productto get at least some interest. Up to you if you go that route. | 1 | trek604 | 2024-08-09T18:16:12 | null | 1 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhbbsda/ | 2 | t3_1eo4h4n | t1_lhb2w8y | false | false |
lhbca8g | I cut loose at 60%. Great decision in hindsight. | 8 | instagigated | 2024-08-09T18:18:46 | null | 7 | /r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/lhbca8g/ | 1 | t3_1eo0es2 | t1_lha7z3c | false | false |
lhbck4k | IUSV - iShares Core S&P U.S. Value ETF
731 holdings, 0.04 MER | 2 | _TT | 2024-08-09T18:20:12 | null | 2 | /r/CanadianInvestor/comments/1enkf6k/what_etf_do_you_use_for_value_exposure/lhbck4k/ | 0 | t3_1enkf6k | t3_1enkf6k | false | false |
lhbd24o | So I convert the right amount in the foreign exchange tab and I'm set right? Thank you so much for the response!!! | 3 | the-vanK | 2024-08-09T18:22:47 | null | 3 | /r/CanadianInvestor/comments/1eo6066/bmo_investorline_negative_usd_balance/lhbd24o/ | 1 | t3_1eo6066 | t1_lhb8lr9 | false | false |
lhbd5ez | Downside momentum? It’s down like $6 a share already from ath | 5 | DevOpsMakesMeDrink | 2024-08-09T18:23:15 | null | 4 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhbd5ez/ | 1 | t3_1envub7 | t1_lhadsa3 | false | false |
lhbdch8 | Not quite. There might be accrued daily interest. Probably give yourself an extra $5 - $10 of buffer room. | 3 | Easy7777 | 2024-08-09T18:24:15 | null | 3 | /r/CanadianInvestor/comments/1eo6066/bmo_investorline_negative_usd_balance/lhbdch8/ | 2 | t3_1eo6066 | t1_lhbd24o | false | false |
lhbdfca | GRN, haven't looked at that company in a while. | 2 | Interesting_Screen99 | 2024-08-09T18:24:39 | null | 2 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhbdfca/ | 2 | t3_1envub7 | t1_lhaqqrt | false | false |
lhbe4az | For a free 2k I figure I can just keep wealthsimple
Doesn't seem like a huge deal | 1 | Unlikely_Equipment_3 | 2024-08-09T18:28:16 | null | 1 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhbe4az/ | 1 | t3_1eo61vm | t1_lhba41i | false | false |
lhbeb2y | My accounts are all over the place for "historic reasons" - those details are not worth fretting about or following.
The main thing is to maximize tax savings, and have enough separation between daily operations and savings to not abuse them.
1st Savings is strictly yearly expenses (house/car insurance, property tax). Day to day is in the chequing.
My "long term savings" is actually a 'bunch' of "accounts" tracked in a paper notebook (a page for education, a page for vacation, a page for new car, etc). Some people need a physically different bank account for each of those, some don't. And then those funds are logically aggregated and physically stored in 14 things with unique bank account numbers (savings, TFSA, 12 GICs) .
In addition, I also have physical envelopes squirreled away where I literally put cash into when I do certain things that save me a couple bucks. Those couple bucks tend to get absorbed and disappear into the day to day banking/saving/investing and are never appreciated. But by physically "depositing the money", after a few years of using a #2 guard on my head and putting the "barber fee" away, I've saved enough to take my wife to nice cabin by a lake for our anniversary. Another one tracked the bus fare I saved by riding my bike to work - that envelope eventually paid for a new bike, better saddle bags, winter gear, etc | 1 | ehud42 | 2024-08-09T18:29:15 | null | 1 | /r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/lhbeb2y/ | 2 | t3_1eo4h4n | t1_lhb5y58 | false | false |
lhbek8v | Thank you! | 1 | the-vanK | 2024-08-09T18:30:34 | null | 1 | /r/CanadianInvestor/comments/1eo6066/bmo_investorline_negative_usd_balance/lhbek8v/ | 3 | t3_1eo6066 | t1_lhbdch8 | false | false |
lhbekdr | They still charge admin fees (depending on your age or portfolio size) and stock commissions. | 1 | Fearless_Scratch7905 | 2024-08-09T18:30:35 | null | 1 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhbekdr/ | 0 | t3_1eo61vm | t3_1eo61vm | false | false |
lhbeu9t | Where did you see that offer? Do you have a link you could share? | 1 | Bott | 2024-08-09T18:32:01 | null | 1 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhbeu9t/ | 0 | t3_1eo61vm | t3_1eo61vm | false | false |
lhbgbcz | https://www.qtrade.ca/en/investor/campaign/summeroffer.html?partner=google&utm_medium=performancemax&utm_source=banners&utm_campaign=summeroffer&gad_source=1&gclid=EAIaIQobChMI_afOscfohwMVSlR_AB0dCyh1EAAYASAAEgJmjfD_BwE
Looks good no? 2k max | 2 | Unlikely_Equipment_3 | 2024-08-09T18:39:48 | null | 2 | /r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/lhbgbcz/ | 1 | t3_1eo61vm | t1_lhbeu9t | false | false |
lhbgeem | We can add VMC to that list, especially today. | 5 | whinehome | 2024-08-09T18:40:15 | null | 5 | /r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/lhbgeem/ | 2 | t3_1envub7 | t1_lhaqqrt | false | false |
lhbgw9o | The series F ones are for fee based acccounts - I think that is why you are having an issue.
The series A funds (RBF2010 for CAD and RBF2014 for USD) are the ones you are looking for. I use them all the time. | 5 | Impressive-Elk9700 | 2024-08-09T18:42:54 | null | 5 | /r/CanadianInvestor/comments/1eo3ec7/rbc_direct_investement_type_f_investment_savings/lhbgw9o/ | 0 | t3_1eo3ec7 | t3_1eo3ec7 | false | false |