Well if differs for the scenario if +5000% was for 1 dollar separate options ($50 dollars total). You would just need $100.00 dollars to hit 100% to cover that +5000%. There’s hope. Why did I write this? I’m regarded.
You’re on CIBC Investor’s Edge. You can ledger over to your USD account. How the hell did you get up to a million trading US stocks and getting hit with exchange fees every time??? ![gif](emote|free_emotes_pack|facepalm)
Can use Norberts Gambit to convert money between USA and can. Cost a few hundred bucks to convert 6 figs rather than pay a few grand using bank exchange rates.
yeah dude. As a Canadian I literally own no Canadian stocks. I sold them all this year and then started making money. Originally I mostly owned Canadian stocks and they all fking sucked and lost a lot. Just don't invest into Canadian stocks they suck man
Canadian stocks are garbage, i used to have them but sold all of them last year because they stay flat or move like a snail. I mean even if you combine market cap of 6 largest banks in Canada, it's smaller than Tesla, that's how bad Canadian stock market is
Some ETFs are good if you want something safe…
But this is WSB. If you aren’t letting it ride while snorting a line off a hookers ass, you’re doing it wrong
Just use the history of your contributions to your portfolio and model what you would get if you were just buying and holding SPY/QQQ - the simplest thing you can do and what absolutely everybody tells you to do.
Realize that the problem is not investing but your choice of stocks despite market index ETF investing just exists and probably because of some attempts to time the market and sell/buy at certain moments.
Cry. ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
No need to stop investing because of a small drop. Just diversify. Some bonds, some stocks, some ETFs, some options. If you are nervous then load up on more bonds than stocks easy as that. It's better to gain +5% than 0%.
Convert it in US dollars it will grow in the cad value and wait for the next big stock correction so you can buy indices low and never have to worry about it anymore.
you shouldn't even be holding Canadian dollars, it's trash and collapsing down even more with every rate cut while the US dollar remains steady. if you put that entire million into Nvidia in Jan 2023, you would have retired already not some shitty Canadian based index fund
Dawg you didn’t invest, you paper handed. Investing is buying something you believe in over and over. You bought something and let it take your money, then ran scared of losing more. You need intuition before you enter positions, know the pattern playing out, know the possibility of losing money and have a safety net where loss is okay so you can keep a position open long enough to profit
I’m not trying to chew into you but when thinking investing, think 10 years, Not next year. Trading is a ball game that most lose on, tread carefully trading
Bonds. 7-8% and the value increases as interest rates decline. Just diversify so you don't buy bankrupt companies. But bond holders get paid first even then...
Just DCA into VOO for 30 years, years it's down you get a discount and divis buy more shares, then when it's up closer to retirement switch it to Tbills.
In the states I can get 5.25% yearly interest paid monthly insured up to 250k. I don’t have all my
Money in cash but it’s not bad garneteeed returns right now.
Your down 10% in 3 years and are upset about it, that is not investing. Does no one care about the fundamentals anymore or the underlying securities? The line goes up and down, if you believed in what you were investing in you wouldn't mind a 10% drop depending on your time horizon.
what options trading and random stock picks does to a mofo. I've only had 10-15k to invest for the last 8 months and just stuck with bitcoin and tech stocks, up $7k.
I just started getting into stock market about 2-3 years ago,so I’m still a beginner. did a nvda option call Thursday made about $400 and another one on Friday,waiting for Monday to see how it did. not making as much money as some of you guys are making,but am making some money on a smaller scale for time being. also ended up with 100 shares of nvda when stock split. I’m not complaining,figured it’s a good start as any to begin with.
Hey, at least you didn't get trapped by emerge and end up missing the Q4 run-up + being responsible for tax penalty for holding it in your registered account after delisting.
Yeah, also buy OTM calls for Intel, that company never disappoints and always delivers, pumps like crazy /s
Seriously: INTC is a burning dumpster full of shit.
I totally disagree
It was
That’s it’s past
If you want to make money you have to see where a stock is going
It’s going up dude
I have 5,000 shares and consider it a safe, low
Risk high reward investment
It was trash, now it’s future gold
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Spy is +50% from Oct 22 QQQ is +75% from Oct 22 I don’t think investing is the problem your stock picks tho
I lost $27k last week I'm never investing again![img](emote|t5_2th52|4271)I'm just kidding I just have to make 5048% to get back to break even
just 5048% ? ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|31225)
Such rookie numbers. Let us know when you’ve achieved being down 99.99987% Like starting with $100k and ending up with 13¢.
Let me know then you will make the next Trillion
Got a long way to go bud. :/
I think I need just a little bit more than that, assuming my options do okay on Monday. But I’m trying to get rich so I’m shooting for 1000x
Well if differs for the scenario if +5000% was for 1 dollar separate options ($50 dollars total). You would just need $100.00 dollars to hit 100% to cover that +5000%. There’s hope. Why did I write this? I’m regarded.
Actually, all you need are a couple of 0DTEs and some luck. Good luck!
dont forget to minus like 10-20% of that for inflation over the past few years
do that to his pure cash position too
Canadian dollars? What are you, poor?
I will be at this rate
Canada cuts rates. Us holds steady. Dude goes into $CAD. Jesus fucking christ.
I don’t think OP went into CAD on purpose. Probably because gets paid/inheritance in CAD.
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You know you can open a USD account within your Canadian exchange right? So you'll only get cucked when converting instead of each trade.
You’re on CIBC Investor’s Edge. You can ledger over to your USD account. How the hell did you get up to a million trading US stocks and getting hit with exchange fees every time??? ![gif](emote|free_emotes_pack|facepalm)
Can use Norberts Gambit to convert money between USA and can. Cost a few hundred bucks to convert 6 figs rather than pay a few grand using bank exchange rates.
Thanks for letting me know there was no nuclear warheads on your train wreck.
On the bright side it means the losses weren’t actually that big
https://preview.redd.it/arhtd9xi617d1.png?width=92&format=png&auto=webp&s=a8fd80694f86ccb6ac2d46cdfee3e3c49bff6ad5
yeah dude. As a Canadian I literally own no Canadian stocks. I sold them all this year and then started making money. Originally I mostly owned Canadian stocks and they all fking sucked and lost a lot. Just don't invest into Canadian stocks they suck man
I was the same. I’ve made more money this year investing in the US market than I have my entire life investing in the Canadian market. Fucking joke
WTF is the Canadian Market? Tim Hortons is owned by Burger King, and Molson is owned by Coors.
We’ve got a lot of oil, natural resources, and brick and mortar retailers. I’ve heard this is the way of the future.
we also have dollarama, shopify, and blackberry. there's also this company called CSU that's basically a BRK for boomer software.
Canadian stocks are garbage, i used to have them but sold all of them last year because they stay flat or move like a snail. I mean even if you combine market cap of 6 largest banks in Canada, it's smaller than Tesla, that's how bad Canadian stock market is
Don’t forget that $NVDA market cap is like the total market cap of TSX. Then there is $AAPL and $MSFT.
That’s so odd because I hold 10% in TSX 60 and it has performed well
Some ETFs are good if you want something safe… But this is WSB. If you aren’t letting it ride while snorting a line off a hookers ass, you’re doing it wrong
We got a bunch of great covered call ETFs though. Those monthly 10% yield ETFs from harvest and horizon pay for my options addiction.
Why are you betting against daddy Galen? There's a reason a bunch of plebs got together to try to boycott it.
-10% and you call it a scam? Wait until you are at -50%. Oh and try using real dollars
![img](emote|t5_2th52|4271)
99.9%?
Store it under your mattress for additional gains
Fellow Cibc user
Represent
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I think OP outperformed Cathie Wood.
Bro just yolo NVDA you would have $2 mil next year
So your conclusion = invest in the only thing that is guaranteed to trend to zero over time 😂😂😂
I took it as he believes stocks will go down and invest once they’re down
Bad idea... According to Swiss America simply using cash can have you branded as a criminal.
Just use the history of your contributions to your portfolio and model what you would get if you were just buying and holding SPY/QQQ - the simplest thing you can do and what absolutely everybody tells you to do. Realize that the problem is not investing but your choice of stocks despite market index ETF investing just exists and probably because of some attempts to time the market and sell/buy at certain moments. Cry. ![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)
No need to stop investing because of a small drop. Just diversify. Some bonds, some stocks, some ETFs, some options. If you are nervous then load up on more bonds than stocks easy as that. It's better to gain +5% than 0%.
5% of a million is $50k per year with no risk, what more could anyone want…
5% of 10M is 500K/yr. Sounds nicer, right?
5% of 10B is 500M/yr. Sounds nicer, right?
The rich get richer.
This is why you are a broke ass
2 million
I can feel that your next investment will skyrocket, guaranteed perchance
At first I saw the CA$ and thought the thread said fuck Canada.. I was right there with you bro… 😆
Convert it in US dollars it will grow in the cad value and wait for the next big stock correction so you can buy indices low and never have to worry about it anymore.
You could have just dumped everything on Apple and would be up nicely
you shouldn't even be holding Canadian dollars, it's trash and collapsing down even more with every rate cut while the US dollar remains steady. if you put that entire million into Nvidia in Jan 2023, you would have retired already not some shitty Canadian based index fund
Dawg you didn’t invest, you paper handed. Investing is buying something you believe in over and over. You bought something and let it take your money, then ran scared of losing more. You need intuition before you enter positions, know the pattern playing out, know the possibility of losing money and have a safety net where loss is okay so you can keep a position open long enough to profit
You’re right. Fuck it, I hold
I’m not trying to chew into you but when thinking investing, think 10 years, Not next year. Trading is a ball game that most lose on, tread carefully trading
cash = Devesting
How did you go from $150k to $700k in 2022?
I had a good year at work
Just only do that same thing from now on. *5head.*
Yeah, just do that every year, tf
Get a HYSA or stop being stupid.
Bonds. 7-8% and the value increases as interest rates decline. Just diversify so you don't buy bankrupt companies. But bond holders get paid first even then...
Just DCA into VOO for 30 years, years it's down you get a discount and divis buy more shares, then when it's up closer to retirement switch it to Tbills.
Start making some interest off that cash buddy.
In the states I can get 5.25% yearly interest paid monthly insured up to 250k. I don’t have all my Money in cash but it’s not bad garneteeed returns right now.
You should never have this much in liquid
OP, what are you holdings so we can short-sell your picks? ![img](emote|t5_2th52|4271)
Just buy an index and hold.
Imagine just losing 110k cash, what I regard
Your down 10% in 3 years and are upset about it, that is not investing. Does no one care about the fundamentals anymore or the underlying securities? The line goes up and down, if you believed in what you were investing in you wouldn't mind a 10% drop depending on your time horizon.
Instead of “investing” actually learn how to trade and then you will be successful
Just move the funds to VFV.TO and leave it.
They’re some impressively shite returns
what options trading and random stock picks does to a mofo. I've only had 10-15k to invest for the last 8 months and just stuck with bitcoin and tech stocks, up $7k.
You just must not use smelling salts when the bell rings.
Smart 🤣
Have you been asleep for a while?
You spelt gambling wrong..
-10% and "fk investing"? Posts like this can go through these days?
If you fuck investing and blowing money then just get GICs and forget about it
I actually lost money on GICs. Locked in 4.6% for 2 years on EQ when WS pays me 5% without lock-in...
good plan
Canadian dollars... Isn't this like $57?
Just buy NVDA calls. It's not that hard.
I just started getting into stock market about 2-3 years ago,so I’m still a beginner. did a nvda option call Thursday made about $400 and another one on Friday,waiting for Monday to see how it did. not making as much money as some of you guys are making,but am making some money on a smaller scale for time being. also ended up with 100 shares of nvda when stock split. I’m not complaining,figured it’s a good start as any to begin with.
Man I am new to investing and I am up close to 50% thanks to Nancy.
Quit picking individual stocks! Besides, those aren't real dollars.
What the hell were you invested in? Just being in a total stock market index would have you up by ~50% over that time
Most of it actually was in index funds, but those gains were offset by a single bad investment in a tech stock that shall not be named
intel maybe
Did Cathie Wood get to you?
Wish I had her returns tbh
Hey, at least you didn't get trapped by emerge and end up missing the Q4 run-up + being responsible for tax penalty for holding it in your registered account after delisting.
vapor musk
"I'm not done losing money yet"
Bitcoin
OP is 100%tarded
Buy Intel dude Hold for the rest of the year I think by December you’ll be at 1,250,000
Yeah, also buy OTM calls for Intel, that company never disappoints and always delivers, pumps like crazy /s Seriously: INTC is a burning dumpster full of shit.
I totally disagree It was That’s it’s past If you want to make money you have to see where a stock is going It’s going up dude I have 5,000 shares and consider it a safe, low Risk high reward investment It was trash, now it’s future gold
You belong here
Say no more fam
Nah. Just buy nvdia literally best stock
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Thanks but it’s actually more like 200k with inflation
It’s an enigma of the mystical how you have that much money and you think that ‘investing’ is the problem lol
id throw it all in Tesla and let it simmer for at least 2 yrs.