Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Took advantage of AMD this morning. I may keep scalping it if the market stays weak. (Sorry @Aww Skeet Skeet! )
Lol, make that money.
I wish I felt comfortable selling calls. Would've made some decent cash over time, but the stock is so volatile. I'm up big though, so I guess it evens out.
In kinda relevant news. $INTC delaying a future server chip. So it looks like I'm holding through '23/'24. Will keep an eye on ARM and Risc-v
Intel delays 2023 server chip, says it needs to boost spending to catch competitors
Intel hopes to catch up to TSMC and Samsung in terms of the latest generation of chip manufacturing technology.
Edit... Here's another.
Intel's new chip plans could turn rival AMD's fortunes- analysts
Intel Corp's latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc , its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said.
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Seriously, covered calls a decent way OTM may not pay big, but its more than you'd make if they had a dividend. The fact that it has weekly options means you could get 52 payments a year.Lol, make that money.
I wish I felt comfortable selling calls. Would've made some decent cash over time, but the stock is so volatile. I'm up big though, so I guess it evens out.
In kinda relevant news. $INTC delaying a future server chip. So it looks like I'm holding through '23/'24. Will keep an eye on ARM and Risc-v
Intel delays 2023 server chip, says it needs to boost spending to catch competitors
Intel hopes to catch up to TSMC and Samsung in terms of the latest generation of chip manufacturing technology.www.cnbc.com
Edit... Here's another.
Intel's new chip plans could turn rival AMD's fortunes- analysts
Intel Corp's latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc , its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said.www.reuters.com
unless you are dealing with millions or very complicated situations
its pretty much not needed
if you have to, you want to go for fiduciary financial adviser
so they give you a set price upfront
not someone who will charge you a percentage
This might help if you're in the US.
Vanguard: Helping you reach your investing goals | Vanguard
Vanguard funds, IRAs, 401(k) rollovers, and advice so you can sort it out. All from Vanguard, where we put you first.
investor.vanguard.com
Thanks
I'm gonna get my Google on
I'm surprised banks don't have it for free for certain accounts
This might help if you're in the US.
Vanguard: Helping you reach your investing goals | Vanguard
Vanguard funds, IRAs, 401(k) rollovers, and advice so you can sort it out. All from Vanguard, where we put you first.investor.vanguard.com
It's more like you hit 6 figures you got family
And you don't have any passive income
Just want to set up the money right
Someone to look at everything take a deep breathe and say ok that's is what you NEED to do and how you gonna do it.
Create a solid budget, Life insurance, pension, long term investment portfolio for the kids, retirement
That's it.
For me I'm just setting up a monthly payment from my salary into my investment. Looking into the long term until I retire from work.
Making my RRSP contribution next week. Did $8500 last year. Gonna probably add 7 - 8000 this year to help lower taxable income, and then re-invest the refund or use it to pay bills. Portfolio's still primarily mutual funds at 90% medium risk, and 10% high risk. Have a GIC maturing in early-March in said portfolio. Just wish interest was better, as we all do.
Added $6000 to TFSA account at the start of the year. Been maxing that every year since inception.
Tax-Free Savings Account (TFSA): Definition and Calculation
The Tax-Free Savings Account (TFSA) is a Canadian savings account that does not apply taxes to any contributions, interest earned, dividends, or capital gains. Plus, withdrawals can be made any time, without penalty.www.investopedia.com
Registered Retirement Savings Plan (RRSP): Definition and Types
A Registered Retirement Savings Plan (RRSP) is a retirement savings and investing vehicle for employees and self-employed people in Canada.
Ended up adding another $8500 again. Transferred the funds yesterday.
The first half of the year tends to be when all the big spending / expenditures happen. January - TFSA contribution / Feb - RRSP contribution & annual utilities bill / April - home insurance / May - car insurance / June - annual property taxes.
Tend to do much better saving during the 2nd half of the year. That's primarily just CC bills and regular expenses.
A brother can’t wait to go shopping next week.
I remember one of the best pieces of advice my mom gave me way back is just to make saving or investing a habit.
She took my younger brother and I to the bank as kids with our newspaper routes to make our deposits and withdrawals. Our first major purchases = each getting Supersoaker waterguns.
As a broke college kid around 2000-2001 ... she encouraged me to open my RRSP portfolio. Even if it was just a LITTLE annual contribution ... just get into the habit of doing so and eventually make larger contributions. Did that many years later, as I spent the bulk of the 2000s working like mad & saving as much as possible to put towards property downpayment. Not making alot, but saving like hell. Didn't really get around to contributing much.
She's a big spender (mom). She has travelled internationally quite a bit over the past 25 - 30 years. Has bounced around in housing too. Off the top of my head, I think she has moved 7 times (within BC) in the past 20 years. Whereas dad by comparison is very frugal. Been at the same house the past 25 years. Mom said to us some years back - "Don't come to me for an inheritance in the future. Ask your dad!"
As kids, we're financially independent though. Keep our expenses fairly low.
My best strategy has always been to be careful NOT to lock things in for too long. Especially with poor interest / return. Always have enough available to live on and for serious emergencies if they may occur. Be able to quickly move / transfer funds. Know when to spend, save, invest. Pick your spots really. Have a ballpark amount you keep in a checking account to pay bills. Know your budget and what the household food budget is (of course with food prices nowadays ... ugh). Invest more when you feel more confident or comfortable. On tougher years with many more expenses, know you'll come back a year or two later and invest more (to make up for light years). Market was a mess in 2020. Got pretty discouraged for awhile. 2021 - early 2022 has been rebuilding years, with a good amount of ups and downs. As mom would say - "Don't stress it though ... you are not retiring tomorrow. Be patient and things will bounce around ... stick with it ..."
That's the way to do it. How much are you looking to make your monthly deduction / contribution?
I had a little CIBC Wood Gundy RRSP portfolio in the early-2000s. For a year or two in the mid-2000s we had the Group RSP match through work (via CIBC Securities). They discontinued that and improved the pension plan. I think the Group RSP match program was in the 3 - 6% range. Been back to dealing with CIBC Wood Gundy from the mid-2000s onward.
Been eyeing the pension site in recent years. Hoping to retire somewhere around 55 - 58. Still have a fair way to go though - early 40s now.
I've only recently starting investing for around 6 months now. I'm still new to the game.
I'm trying to contribute at least 20-25% of my salary towards this until my retirement.
Respect. As you noted - better late than never. And at 20 - 25% - that's a very healthy amount. Just ensure you don't compromise your quality of life too much, and can comfortably do so. Also, that there aren't any penalties for over-contribution (like there are in Canada with RRSPs - not sure how things are in the U.S. with funds, 401ks, etc). Here on the westcoast, the real estate market is a mess. Glad to have bought in back in 2009. The assessed value is more than double what we bought at. Still ended up paying 37k less than what the seller initially was asking. They dropped the price just over 25k, and we came in 25k below that and slowly worked our way up.
Whereas these days people are having bidding wars on properties, and you hear about people overbidding by 50 - 150k on some places. Ugh.
Would definitely like to get a rental property, but not at the current prices unfortunately.
Respect. As you noted - better late than never. And at 20 - 25% - that's a very healthy amount. Just ensure you don't compromise your quality of life too much, and can comfortably do so. Also, that there aren't any penalties for over-contribution (like there are in Canada with RRSPs - not sure how things are in the U.S. with funds, 401ks, etc). Here on the westcoast, the real estate market is a mess. Glad to have bought in back in 2009. The assessed value is more than double what we bought at. Still ended up paying 37k less than what the seller initially was asking. They dropped the price just over 25k, and we came in 25k below that and slowly worked our way up.
Whereas these days people are having bidding wars on properties, and you hear about people overbidding by 50 - 150k on some places. Ugh.
Would definitely like to get a rental property, but not at the current prices unfortunately.
Thanks my brother. I'm living over here in the UK. At present with a ISA (Independent Savings Account), you're only allowed to invest a maximum of £20k per annum. As for my lifestyle, I'm living a minimalist lifestyle right now. I have a roof over my head and food in the fridge. Not really asking for much more.
I have one.
Its worth it if you don’t want to do the leg work yourself. they just know and have access to a lot more vehicles than the average joe. It takes big balls to go throw 20k down on one stock, or put 150k into a fund, it kinda takes the anxiety out of it.
There are advisory fees, thats where it gets kinda blury,at the end of the day they are trying to make money like anyone else . Remember, these funds have fund managers who are the ones doing the actual work, the FA is really just a commissioner. My take is…. Once your dealing with a certain amount of money, its prob worth it.
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Do some research on Fiduciary Financial Advisor. These ppl legally and ethically act in your best interest.
Stay away from non-fiduciary. Pay attention to fees and understand what you are being charged for.
Understand your OWN risk tolerance before you seek financial advice.
thank you
Damn I cannot imagine how terrible this guy must feel knowing they are targeting all the friends and family members because of his fuck up.
He is dead, that shit is no longer his concern.
I don't have the exact numbers available, but they get their fees.
When I dealt with CIBC Securities ... I dealt with one guy & his assistant, and we would correspond primarily by email. The person before him was an older woman my mom had trusted dating back decades already. She retired a few years later.
With CIBC Wood Gundy now, I deal with their Investment Center. So for example - I made the $8500 contribution the other day. The deadline is March 1st. My GIC within the RRSP portfolio is around $18500 or so - that comes due the first week of March. The previous advisor I didn't care for. Very robotic and didn't have any personality. I'm glad he's moved on. The current person is more engaging and explains what the best bets moving forward are. They know how to simplify the terms better. The rest of the stuff is in mutual funds. My guess is that when they call in a few weeks they'll be asking what my thoughts are re: the 27k combined ... I usually ask them to lay out some options.
I usually file taxes in late-March or early-April. They are typically due by April 30th - May 2nd. This year, it's May 2nd.
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