Covid stocks

Back in June/July I decided to play the stock market and try day trading, I couldn’t work and figured I could try making a bit of money during my downtime

made a lot of money some days, but what I learned was losing money was just as easy, after about 4 weeks I pretty much evened out my gains and losses and decided it wasn’t for me,

I’ll just stick to working and saving
 
I should talk to my dads guy, he gets my dad around 15% every year consistantly, but told he he wouldn’t touch me till I had $250,000. I’m fine now so I should see what he can do.
But honestly, if hyper inflation hits, wont matter if you are on the stock market, won’t mean your shares are worth more.
But if the shit hits the fan, someone with cash in his pocket is going to survive better than some ‘fake’ computer money.
If the banks crash, how are you going to get your stock money?

And yeah I was thinking about how do you walk in and go, can I have $300,000 or whatever in cash please, lol.

I don’t think we will get to hyper inflated because the whole world is doing what we are, printing money.
I don’t think the world banks will allow it to happen because it could create a lot of turmoil.
 
Sorbate said:
I should talk to my dads guy, he gets my dad around 15% every year consistantly, but told he he wouldn’t touch me till I had $250,000. I’m fine now so I should see what he can do.
But honestly, if hyper inflation hits, wont matter if you are on the stock market, won’t mean your shares are worth more.
But if the shit hits the fan, someone with cash in his pocket is going to survive better than some ‘fake’ computer money.
If the banks crash, how are you going to get your stock money?

And yeah I was thinking about how do you walk in and go, can I have $300,000 or whatever in cash please, lol.

I don’t think we will get to hyper inflated because the whole world is doing what we are, printing money.
I don’t think the world banks will allow it to happen because it could create a lot of turmoil.
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You would have to pull out little by little like I did in three years I pulled out 70 grand because I did not trusted are government! Your comments are actually making me feel better because I did freak out about a month ago. From my experience you have to cover all of with stocks, cash everything including gold.
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Annika said:
You would have to pull out little by little like I did in three years I pulled out 70 grand because I did not trusted are government! Your comments are actually making me feel better because I did freak out about a month ago. From my experience you have to cover all of with stocks, cash everything including gold.
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When we shut down our shop in Edmonton I had 50,000 in cash in a shoe box.
Sometimes I’d open the box just to touch it, lol.
I actually fanned it at my wife one time, trying to get her to do dirty things for the money, lol. Tossing some at her.
Didn’t work, she told me it was already half hers. Damn it. Lol.

Spent that money at the start of opening the shop in Kingston, I didn’t get a pay check for the first 6 months, everything was spent on advertizing.
 
Sorbate said:
When we shut down our shop in Edmonton I had 50,000 in cash in a shoe box.
Sometimes I’d open the box just to touch it, lol.
I actually fanned it at my wife one time, trying to get her to do dirty things for the money, lol. Tossing some at her.
Didn’t work, she told me it was already half hers. Damn it. Lol.

Spent that money at the start of opening the shop in Kingston, I didn’t get a pay check for the first 6 months, everything was spent on advertizing.
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That’s funny getting her do dirty things 😂 she is right about being half hers. I don’t have anyone to do that with & it’s probably for the best lol I’m always thinking about my future with my bone disease I want to make sure everything is well taken care of so I always try to think responsible, investing properly & working hard while I can.
 
Sorbate said:
I should talk to my dads guy, he gets my dad around 15% every year consistantly, but told he he wouldn’t touch me till I had $250,000. I’m fine now so I should see what he can do.
But honestly, if hyper inflation hits, wont matter if you are on the stock market, won’t mean your shares are worth more.
But if the shit hits the fan, someone with cash in his pocket is going to survive better than some ‘fake’ computer money.
If the banks crash, how are you going to get your stock money?

And yeah I was thinking about how do you walk in and go, can I have $300,000 or whatever in cash please, lol.

I don’t think we will get to hyper inflated because the whole world is doing what we are, printing money.
I don’t think the world banks will allow it to happen because it could create a lot of turmoil.
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The old saying my friend, don’t have all your eggs in one basket.

I keep min 8-10k cash or more in my safe. It varies as sometimes I buy gold and silver with it then replenish the cash stores. Gold, silver as well obviously. That is my holy fuck the world is fucked safety net.

I’m most exposed to crypto because I believe in bitcoin in a big way.
I do have stocks, mutual funds,
LIRA’s through a few different jobs over the years.
Obviously cash, and rrsp accounts.

I even own property in a foreign country as I don’t trust Canada will be a place I want to be for much longer
 
3ml said:
The old saying my friend, don’t have all your eggs in one basket.

I keep min 8-10k cash or more in my safe. It varies as sometimes I buy gold and silver with it then replenish the cash stores. Gold, silver as well obviously. That is my holy fuck the world is fucked safety net.

I’m most exposed to crypto because I believe in bitcoin in a big way.
I do have stocks, mutual funds,
LIRA’s through a few different jobs over the years.
Obviously cash, and rrsp accounts.

I even own property in a foreign country as I don’t trust Canada will be a place I want to be for much longer
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When you buy gold, do you mean the actual metal or the stocks?
 
Annika said:
That’s funny getting her do dirty things 😂 she is right about being half hers. I don’t have anyone to do that with & it’s probably for the best lol I’m always thinking about my future with my bone disease I want to make sure everything is well taken care of so I always try to think responsible, investing properly & working hard while I can.
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Well with your issue you should go out and have a blast. Use men, or woman which ever you prefer and enjoy yourself.
Mind you there are people that love to take care of others, so if you want something more steady, find one if those.
 
sporty outdoorsy stuff that you can still socially distance or socially distance with your family has doubled in demand. some people with more time on their hands has gone out doors to experience something they didnt have time to do. everything to do with camping, running and biking are largely sold out. a lot of sports equipment manufacturing cant be engineered to meet a 100% increase in demand. talking to store managers, they think youll see the same with ice skates, snow shoes and ski equipment. like the new balance shoe corporate site has had poor stock for running shoes. lots of casual and gym trainers. all department store to entry level competition bikes and required accessories were mostly sold out since mid summer.

winter may bring a boom in indoor activities. audio video. maybe musical instruments. home gym equipment.
probably winter motorsports.
 
zenmonky said:
sporty outdoorsy stuff that you can still socially distance or socially distance with your family has doubled in demand. some people with more time on their hands has gone out doors to experience something they didnt have time to do. everything to do with camping, running and biking are largely sold out. a lot of sports equipment manufacturing cant be engineered to meet a 100% increase in demand. talking to store managers, they think youll see the same with ice skates, snow shoes and ski equipment. like the new balance shoe corporate site has had poor stock for running shoes. lots of casual and gym trainers. all department store to entry level competition bikes and required accessories were mostly sold out since mid summer.

winter may bring a boom in indoor activities. audio video. maybe musical instruments. home gym equipment.
probably winter motorsports.
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those managers are happy when panick buying happens so they will willingly tell you things like this.


I think the "boom" of ppl buying stuff to entertain themselves is in the past. People are starting to panic about their personal finances now.. Unfortunately so many ppl don't have any forward thinking abilities. Those ppl deffinitely went out and bought atv's, rv's, boats, camping shit etc.. Those people are now facing the reaility of what's happening around us.. Those people also used their CERB (or whatever its called) to buy shit.. and those people also have the mindset "If I can afford the payment, I can afford it"...

Always live within your means.. in times like this, live WELL within your means.

This will be a hard lesson for many people I am afraid.
 
animal-inside said:
those managers are happy when panick buying happens so they will willingly tell you things like this.


I think the "boom" of ppl buying stuff to entertain themselves is in the past. People are starting to panic about their personal finances now.. Unfortunately so many ppl don't have any forward thinking abilities. Those ppl deffinitely went out and bought atv's, rv's, boats, camping shit etc.. Those people are now facing the reaility of what's happening around us.. Those people also used their CERB (or whatever its called) to buy shit.. and those people also have the mindset "If I can afford the payment, I can afford it"...

Always live within your means.. in times like this, live WELL within your means.

This will be a hard lesson for many people I am afraid.
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Oh yes hard lessons to be learned.
People should realistically save 40 percent of their income
Most probably don’t even save 2%
 
3ml said:
Oh yes hard lessons to be learned.
People should realistically save 40 percent of their income
Most probably don’t even save 2%
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The awful thing is that the average Canadian can't afford to save right now. I know some of them dug their own grave by living one payment at a time, but many people just never make enough to save...

I don't feel too bad for the people who can't drive a vehicle if its more then 4 years old, have a massive house etc and are living pay check to pay check due to payments..

But there's a lot who arne't in this boat and just cant get out of the pay check to pay check life.. Some made some bad life choices which put them in this spot, but for most there's no light at the end of the tunnel even if they want to change their ways.
 
I pulled all my RRSP's, all my TFSA's, all my bitcoin and all my other long term stocks the fuck out of investment mode and into straight cash mode.

Whatever the hell is going to go on with the United States is not going to be good. Just look at what happened when President Trump said no Covid deal for people one day and the DOW dropped 8%. He snapped and said he'd do a one time $1500 payment to people the next day and the DOW went up 6%.

The election is going to be a disaster and to me there is no possible way to know for sure what stocks are going to get smoked and which ones are going to fly. I mean when you look at it, if Trump wins, the oil and gas stocks will go up making the green companies crash. But if Biden wins, all the green energy and green promoting companies are going to go up, making the oil and gas crash.

That's just on the obvious ones. The stocks are tied to each contender so much that I don't feel that any stock is good.

Maybe try the bond market lol. It probably will go up if you're looking for some very modest gains but I truly would stay away from the market until there is a clear winner declared(which they're saying could take a month or more!)

I'm not sure I've ever seen a more unstable market as there is right now. I ain't taking ANY of that smoke despite some tickles in my mind on some maybes that could make 20%. It's just not worth possibly losing 20%
 
animal-inside said:
The awful thing is that the average Canadian can't afford to save right now. I know some of them dug their own grave by living one payment at a time, but many people just never make enough to save...

I don't feel too bad for the people who can't drive a vehicle if its more then 4 years old, have a massive house etc and are living pay check to pay check due to payments..

But there's a lot who arne't in this boat and just cant get out of the pay check to pay check life.. Some made some bad life choices which put them in this spot, but for most there's no light at the end of the tunnel even if they want to change their ways.
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I agree with your statement completely.

On the other hand living pay cheque to pay cheque prior to covid was a life choice in my opinion.
Either you are living beyond your means, or you don’t make enough money. It’s basically as simple as calories in calories out.
The problem is most people think they deserve a better life than they do. I blame television, advertising, social media and just peoples general weakness to avoid temptation.

Yes this is not the case for every single person that is struggling. If you really look at it though the root cause of most people being poor is what I just noted.
 
3ml said:
I agree with your statement completely.

On the other hand living pay cheque to pay cheque prior to covid was a life choice in my opinion.
Either you are living beyond your means, or you don’t make enough money. It’s basically as simple as calories in calories out.
The problem is most people think they deserve a better life than they do. I blame television, advertising, social media and just peoples general weakness to avoid temptation.

Yes this is not the case for every single person that is struggling. If you really look at it though the root cause of most people being poor is what I just noted.
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After employing a lot of people on the lower end of the food chain, they don’t chose to be poor.
Some just don’t have the mental fortitude to make more.
Not everyone is a go getter like you and me.
Truthfully you need the poorer people to produce things so the rest of us can afford it. Otherwise it’s socialism. We are all equally meh.

Now the ones who sat on CERB when they were called back to work and now don’t have jobs, that was completely their fault.

The biggest thing screwing everyone is our overabundance of taxes. Every time they increase the carbon tax, the poor get poorer. The new tax will hit them even harder. One might thing because they don’t drive, they will be fine, but bus rates will increase, anything shipped will increase, well that’s everything. You think meats expensive now, lol.
 
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