• Re: Stock Market

    From Alan Bowler@21:1/5 to All on Thu Dec 7 18:27:21 2023
    On 2023-12-03 2:20 p.m., uncle_vito wrote:
    On Friday, December 1, 2023 at 2:05:05 AM UTC-8, Scream wrote:
    On Thursday, November 30, 2023 at 3:20:17 PM UTC-8, uncle_vito wrote:
    You Jag Offs stop talking about crap off topic and clean up in the market. >>> I am backing up the truck.
    You won something that needs a truck?
    😎
    SharkNinja. SN.

    Well this month I added something boring. Power Corp (POW.TO)

    --- SoupGate-Win32 v1.05
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  • From Alan Bowler@21:1/5 to All on Mon Jan 15 19:52:15 2024
    New Year.
    Bought ZCN-T (Canadian index ETF) for my TFSA
    Bought EFA-N (EAFE index ETF) for my regular investment account

    I've reached the age where I need to make mandatory withdrawals
    from my RRIF , so last month I withdrew the Enbridge (ENB)
    shares to ,y investment account an swept the accumulated cash
    out to cover some of the taxes on the RRIF withdrawal. So I did
    not have any accumulated cash in the RRIF to but anything this month.

    Terms
    TFSA Tax Free Savings Account (think improved Roth)
    RRIF/RRSP Retirement savings account (improved IRA).

    --- SoupGate-Win32 v1.05
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  • From Blueshirt@21:1/5 to Alan Bowler on Fri Jan 19 17:43:37 2024
    Alan Bowler wrote:

    New Year.
    Bought ZCN-T (Canadian index ETF) for my TFSA
    Bought EFA-N (EAFE index ETF) for my regular investment account


    January 2024 saw some S&P 500 ETF investment and another lump sum in
    to an iShares Core MSCI World ETF.

    Just for the fun of it...

    --- SoupGate-Win32 v1.05
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  • From Blueshirt@21:1/5 to All on Fri Jan 19 17:45:04 2024
    uncle_vito wrote:

    Good on you. I just got back from a 11 day cruise on the south
    caribbean from Barbado thru the Panama Canal. Luckily no Houti
    drones.

    Hopefully the problem is sorted by 2030, as all going well my cruise
    is planned for then! :-)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stephen O'Connell@21:1/5 to All on Mon Feb 5 11:40:07 2024
    In article <uoecc8$3847o$1@dont-email.me>, blueshirt@indigo.news
    says...

    Alan Bowler wrote:

    New Year.
    Bought ZCN-T (Canadian index ETF) for my TFSA
    Bought EFA-N (EAFE index ETF) for my regular investment account

    January 2024 saw some S&P 500 ETF investment and another lump sum in
    to an iShares Core MSCI World ETF.

    Whilst on the subject of ETF's, why are so many ETF's in Europe
    domiciled in Ireland when the Irish government - with it's
    taxation policy on ETF's - makes ETF's undesirable for Irish
    people to actually invest in them?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stephen O'Connell@21:1/5 to All on Tue Feb 13 20:48:00 2024
    In article <ba605adb-820d-4804-b365-
    ce8b651cdd18n@googlegroups.com>, rampworm@gmail.com says...

    Seems MISC.INVEST.STOCKS is dying.
    Is there another site dedicated to Investment STOCKS ?

    On Usenet? I don't know. But the Bogleheads forum seems to be
    quite popular.

    https://www.bogleheads.org/forum/index.php

    Ideas?

    What do you want to discuss? MSFT & AAPL? Emerging markets?
    ETF's for retirement?

    Have your say and see who replies...

    Although if you are a Google Groups user then there's not much
    point, as Usenet access from Google Groups finishes in ten days
    time!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Bowler@21:1/5 to All on Tue Feb 13 19:42:58 2024
    On 2024-01-15 7:52 p.m., Alan Bowler wrote:
    New month
    I added XRE-T (Canadian REIT index ETF) to my regular account.

    There's not enough free cash in the other accounts to make it
    worth buying anything yet.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From root@21:1/5 to Stephen O'Connell on Wed Feb 14 03:33:00 2024
    Stephen O'Connell <stephenoconnell@usenet.ie> wrote:
    In article <ba605adb-820d-4804-b365-
    ce8b651cdd18n@googlegroups.com>, rampworm@gmail.com says...

    Seems MISC.INVEST.STOCKS is dying.
    Is there another site dedicated to Investment STOCKS ?

    On Usenet? I don't know. But the Bogleheads forum seems to be
    quite popular.

    https://www.bogleheads.org/forum/index.php

    Bogle says buy VOO etf and let it ride. What else is
    there to talk about?

    My grandson follows things on Reddit.i

    I don't think I have ever seen anything more than
    "bought XXX today", or something about Von Neuman
    game theory on this news group.


    Ideas?

    What do you want to discuss? MSFT & AAPL? Emerging markets?
    ETF's for retirement?

    Have your say and see who replies...

    Ditto, suggest something interesting and non-trivial.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stephen O'Connell@21:1/5 to All on Thu Feb 15 21:55:28 2024
    In article <uqhc9c$2g1ro$1@dont-email.me>, NoEMail@home.org
    says...

    Stephen O'Connell <stephenoconnell@usenet.ie> wrote:
    In article <ba605adb-820d-4804-b365-
    ce8b651cdd18n@googlegroups.com>, rampworm@gmail.com says...

    Seems MISC.INVEST.STOCKS is dying.
    Is there another site dedicated to Investment STOCKS ?

    On Usenet? I don't know. But the Bogleheads forum seems to be
    quite popular.

    https://www.bogleheads.org/forum/index.php

    Bogle says buy VOO etf and let it ride. What else is
    there to talk about?

    VOO is a steady enough ETF and shows plenty of growth. It's
    probably one of the most popular ETF's out there, so an easy
    pick to start off.

    Personally I'd throw VTI in to the mix as well.

    Bogleheads tend to favour the three fund portfolio but I got
    greedy and went for four. What a rebel eh?! :-)

    My grandson follows things on Reddit.

    Tried it. Didn't like it.

    I don't think I have ever seen anything more than
    "bought XXX today", or something about Von Neuman
    game theory on this news group.

    I suppose Usenet would not be the first place to go for
    financial advice for the people investing for their retirement.

    Ideas?

    What do you want to discuss? MSFT & AAPL? Emerging markets?
    ETF's for retirement?

    Have your say and see who replies...

    Ditto, suggest something interesting and non-trivial.

    Okay, a couple of random ideas going through my head...

    How long do we think the big tech stocks can carry on performing
    for? (NVDA/AAPL/MSFT/GOOG etc.) Is the bubble going to burst and
    throw all of the traditional investing advice out of the
    window?!

    Bitcoin ETF's, good idea or bad idea? (IBIT/FBTC etc.)

    --- SoupGate-Win32 v1.05
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  • From Alan Bowler@21:1/5 to root on Thu Feb 15 18:50:32 2024
    On 2024-02-13 10:33 p.m., root wrote:

    Bogle says buy VOO etf and let it ride. What else is
    there to talk about?

    A solid strategy. However I like making some of my own
    choices (and mistakes). I addition individual shares
    does give me the ability to vote on some things.


    I don't think I have ever seen anything more than
    "bought XXX today",

    Well I'm a buy and hold type so buying XXX is about all
    the trading I do. I'm retired and depend on the dividend
    income from my investments for the bulk of my income.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From root@21:1/5 to Stephen O'Connell on Fri Feb 16 02:53:02 2024
    Stephen O'Connell <stephenoconnell@usenet.ie> wrote:

    How long do we think the big tech stocks can carry on performing
    for? (NVDA/AAPL/MSFT/GOOG etc.) Is the bubble going to burst and
    throw all of the traditional investing advice out of the
    window?!

    Investing advice says nothing about the ultimate reach of GTP.
    While my experiments with GPT3, Gemini (BARD), and Perplexity
    were impressive, they really don't write good code, and seem
    too evasive on difficult questions. It seems to me that
    these stocks are priced as if AI has already been achieved.


    Bitcoin ETF's, good idea or bad idea? (IBIT/FBTC etc.)

    I have never paid attention to Bitcoin.

    I have come to think that the market has been running on
    autopilot for many years now. I think that about half
    of all stock value is held by index funds, and the
    relentless demand for shares is unlike anything we
    have seen before.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Stephen O'Connell@21:1/5 to All on Fri Feb 16 11:26:42 2024
    In article <uqmime$3iqq2$1@dont-email.me>, NoEMail@home.org
    says...

    Stephen O'Connell <stephenoconnell@usenet.ie> wrote:

    How long do we think the big tech stocks can carry on performing
    for? (NVDA/AAPL/MSFT/GOOG etc.) Is the bubble going to burst and
    throw all of the traditional investing advice out of the
    window?!

    Investing advice says nothing about the ultimate reach of GTP.
    While my experiments with GPT3, Gemini (BARD), and Perplexity
    were impressive, they really don't write good code, and seem
    too evasive on difficult questions. It seems to me that
    these stocks are priced as if AI has already been achieved.

    That's the guessing game with investing in the BIG tech
    companies isn't it? Do we think those stocks are already over
    priced and/or maxed out, or is there a lot more to be achieved
    from them in the next ten years? AI is one of the buzzwords of
    today, surely there's more to come from that technology?

    Bitcoin ETF's, good idea or bad idea? (IBIT/FBTC etc.)

    I have never paid attention to Bitcoin.

    I've not been interested in the crypto market per se, but
    Bitcoin - and some of the other main crypto currencies - don't
    seem like they are going anywhere any time soon.

    The spot Bitcoin ETF's seem like a good way of investing in
    Bitcoin without actually owning any Bitcoin. Something different
    for a mixed portfolio... i.e.. stocks/bonds/crytpo.

    I have come to think that the market has been running on
    autopilot for many years now. I think that about half
    of all stock value is held by index funds, and the
    relentless demand for shares is unlike anything we
    have seen before.

    Well, they do say what goes up must come down! ;-)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Alan Bowler@21:1/5 to Stephen O'Connell on Fri Feb 16 15:27:50 2024
    On 2024-02-15 4:55 p.m., Stephen O'Connell wrote:>
    Bitcoin ETF's, good idea or bad idea? (IBIT/FBTC etc.)

    Unlike stocks of companies that make money, bitcoin has zero
    long term expected return. All you can count on is more greater
    fools. At one time bitcoin was an interesting idea but the costs
    of processing power for each transaction dwarfs even high credit card
    fees. The only currently sustained use is in crime (money laundering, ransomware etc.).

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Blueshirt@21:1/5 to Stephen O'Connell on Sun Feb 18 23:54:48 2024
    Stephen O'Connell wrote:

    In article <uoecc8$3847o$1@dont-email.me>, blueshirt@indigo.news
    says...

    Alan Bowler wrote:

    New Year.
    Bought ZCN-T (Canadian index ETF) for my TFSA
    Bought EFA-N (EAFE index ETF) for my regular investment
    account

    January 2024 saw some S&P 500 ETF investment and another lump
    sum in to an iShares Core MSCI World ETF.

    Whilst on the subject of ETF's, why are so many ETF's in Europe
    domiciled in Ireland when the Irish government - with it's
    taxation policy on ETF's - makes ETF's undesirable for Irish
    people to actually invest in them?

    Ireland established itself as the ETF leader within the EU mainly
    because of its very favourable tax treaty with the USA, so a lot of
    issuers transferred their ETF's to Ireland. (Or mirrored ones
    already domiciled in Luxembourg.)

    The taxation of ETF's for Irish investors are not as favourable as
    those for US investors because the Irish government would rather its
    residents invested their money elsewhere, so has punitive 'deemed
    disposal' rules as a deterrent.

    --- SoupGate-Win32 v1.05
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