Stock Talk

[The Prowler]

Actually I'm in the process of putting an initial investment of $100,000 inta the TFSA Lex @The Prowler.
And eventually adding another $100,000 into other investments/tax shelters
Trouble is...the stock markets seem very unstable & shaky these days doncha think?

I'm reluctant to invest in anything in atm.
I'm all in cash right now.

What would you suggest Prowler?
How about something safe? Like Canadian Utilities? Telus? Loblaw's? RBC? Barricks
Maybe just GIC's or money market?

I bought gold & precious metals last year and now it's worth over $100,000.
It jumped 30%. But I got lucky eh. I didn't know what I was doing & figgered at the time, if it didn't go up I'd just sell it this year. But it went up. Actually I just followed YouTube videos which forecast the rise in in Gold & Silver. So I said, what they heck, give er a whirl. Same time, I'm aware that there are limitations about buying just physical gold. It was just an experiment & I just wanted to see what it'd do & respond to market pressures. At least I didn't lose my shirt, eh?

Anyways, something tells me that commodities will be the place ta be this decade.

History shows that whenever the economy is slow, the money goes into oil or mineral exporation

This happened during the Great Depression when the oil companies drilled in Texas, Oklahoma and the Middle East

And Gold, minerals shot up during the 1970s which was accompanied by hyperinflation which we will all likely experience this decade. Having lived through the 1970s, somehow I think this decade is a repeat of the 70s.

But like back then, we'll likely see some kind of boom and then a correction or bust by 2030 or the early part of next decade.

Anyway as you say, investing is luck or gambling. People should wipe off the veneer & accept that fact

That way they don't get caught up in the hype just like them folk who lost a chunk of change on NVIDIA today, eh?

I suspect we might see a further correction in the markets later this year. The general consensus seems to be worldwide that the economy sucks these days.

You know what I like, @Joe. Low P/E Ratio, high dividends. If you are worried about a market correction, you probably do not want to invest everything into the markets all at once. Dollar cost averaging. So put your money into a secure investment and take some out every month or two and put it into stocks. Mutual funds or ETFs might be the best choice for you for now so you are not too heavy into just one or two stocks.

 

[Joe]

You know what I like, @Joe. Low P/E Ratio, high dividends. If you are worried about a market correction, you probably do not want to invest everything into the markets all at once. Dollar cost averaging. So put your money into a secure investment and take some out every month or two and put it into stocks. Mutual funds or ETFs might be the best choice for you for now so you are not too heavy into just one or two stocks.

You know what's gonna be a good investment @The Prowler?

Copper. Or anything connected to it like copper mining.

I suppose you heard the recent news that Elon Musk wants to eliminate the US penny:



Aside from taking out the copper used for minting the pennies, they'll no doubt get people to cash them in so they can be melted down for industrial use.

There must be billions of pennies lying around in the US worth billion$.

So of course, getting them melted down so they can be used as copper wire, or in computers, or for other industrial uses makes sense.

Anytime Musk talks he moves markets.

AI or no AI, copper will be an essential metal for growing the US economy.

 

[jack]

You know what's gonna be a good investment @The Prowler?

Copper. Or anything connected to it like copper mining.

I suppose you heard the recent news that Elon Musk wants to eliminate the US penny:



Aside from taking out the copper used for minting the pennies, they'll no doubt get people to cash them in so they can be melted down for industrial use.

There must be billions of pennies lying around in the US worth billion$.

So of course, getting them melted down so they can be used as copper wire, or in computers, or for other industrial uses makes sense.

Anytime Musk talks he moves markets.

AI or no AI, copper will be an essential metal for growing the US economy.

Timing is everything. If you sense something and you act on it...

Copper in many ways is much better an investment than say gold.

 

[The Prowler]

Timing is everything. If you sense something and you act on it...

Copper in many ways is much better an investment than say gold.

Just throwing this out there to anyone reading this thread.....

Getting financial advice from someone who is in their 70's and still needs to work might not be a good idea.

 

[jack]

Just throwing this out there to anyone reading this thread.....

Getting financial advice from someone who is in their 70's and still needs to work might not be a good idea.

Hey "Coach"....How's "tricks"?

 

[Joe]

Just throwing this out there to anyone reading this thread.....

Getting financial advice from someone who is in their 70's and still needs to work might not be a good idea.

Actually Lex @The Prowler, what's wrong with working late into life?

I'm planning to semi-retire this year but keep on working, eh?

I think I could live off my savings and a pension, but that'd be a very boring existence.

Y'know Prolwer, I have a friend slightly older than me, he's fully retired, gets a couple of n ice government pensions & he probably inherited at least $1 million from his late mother. Possibly twice as much as that as he was heir to some Blueblood money. But in all honesty, he seems rather cranky and miserable now. Old 'n gettin' older. Yeah, he's got money, a perfect credit score but no happiness.

He just sits around most of the time & even by the way he describes his life, he projects a feeling of being unfulfilled in his retirement.

So doing a job, any job or starting a small side hustle business might be good for a lotta people.

Unless you got some kinda disability/handicap, you oughta think about it yourself, given yer cranky sometimes disagreeable disposition.

 

[jack]

Actually Lex @The Prowler, what's wrong with working late into life?

I'm planning to semi-retire this year but keep on working, eh?

I think I could live off my savings and a pension, but that'd be a very boring existence.

Y'know Prolwer, I have a friend slightly older than me, he's fully retired, gets a couple of n ice government pensions & he probably inherited at least $1 million from his late mother. Possibly twice as much as that as he was heir to some Blueblood money. But in all honesty, he seems rather cranky and miserable now. Old 'n gettin' older. Yeah, he's got money, a perfect credit score but no happiness.

He just sits around most of the time & even by the way he describes his life, he projects a feeling of being unfulfilled in his retirement.

So doing a job, any job or starting a small side hustle business might be good for a lotta people.

Unless you got some kinda disability/handicap, you oughta think about it yourself, given yer cranky sometimes disagreeable disposition.

I'm a huge drilling bug up his ass, so he makes shit up to try to insult me.

You can see what a difference it makes to me.

 

[The Prowler]

Actually Lex @The Prowler, what's wrong with working late into life?

What is wrong with it is that it is taking a spot in the workforce that could be filled by a younger person who needs the opportunity.

I'm planning to semi-retire this year but keep on working, eh?

You should volunteer and let a young person who needs it take the job.

There are many not-for-profit and charity organizations that need volunteers.

I think I could live off my savings and a pension, but that'd be a very boring existence.

Do I have to give you a List of Things To Do that are not working and are fuckin' awesome?

It is selfish to take a spot in the workforce when you are past retirement age.

And there is so much to do in life. It is sad that the best thing you can think to do is work.

Y'know Prolwer, I have a friend slightly older than me, he's fully retired, gets a couple of n ice government pensions & he probably inherited at least $1 million from his late mother. Possibly twice as much as that as he was heir to some Blueblood money. But in all honesty, he seems rather cranky and miserable now. Old 'n gettin' older. Yeah, he's got money, a perfect credit score but no happiness.

He just sits around most of the time & even by the way he describes his life, he projects a feeling of being unfulfilled in his retirement.

Yeah, because he is a loser. There is so much to enjoy in life.

So doing a job, any job or starting a small side hustle business might be good for a lotta people.

If they are sad sacks of shit with no interests.

Unless you got some kinda disability/handicap, you oughta think about it yourself, given yer cranky sometimes disagreeable disposition.

I am so busy with volunteer work and organizing leisure activity and other "life enhancing activities" groups that I am very busy.

My hockey referee and baseball umpire roles would be considered part time jobs, but I do them because there is a shortage of officials, especially at my caliber. Even though I get paid, I am not taking away a job from anyone because there just are not enough qualified game officials for the levels I officiate.

 

[Joe]

What is wrong with it is that it is taking a spot in the workforce that could be filled by a younger person who needs the opportunity.

If a person is working for themselves as the Principal Owner/Operator, generating their own employment, paying their own small business taxes, technically they are not taking 'jobs' away from anyone Lex @The Prowler no matter what age they are.

You should volunteer and let a young person who needs it take the job.

There are many not-for-profit and charity organizations that need volunteers.

In which case, do you think that your idol Donald Trump should step down and give away his position to a much younger man? After all, he's 78 and his VP his half his age. And Trump could also choose a youthful Marco Rubio but instead chooses to selfishly hang on to a job which should go to someone a lot younger and according to you more deserving.

Do I have to give you a List of Things To Do that are not working and are fuckin' awesome?

It is selfish to take a spot in the workforce when you are past retirement age.

And there is so much to do in life. It is sad that the best thing you can think to do is work.

So who are you to decide whether a person in suitable to continue working Lex @The Prowler?

What if he/she is a physician/specialist who happens to be an expert in their field and irreplaceable?

You've deemed yourself the arbiter of whether an a person is employable or not, but there's no foundations for your argument.

Yeah, because he is a loser. There is so much to enjoy in life.

And yet your idea of 'winning' is to hang out at anonymous forums and spew out insults.
For every insult you've hurled at others, you could have done something far more meaningful and productive, Lex @The Prowler. Instead you waste your time in a life of nothingness and underachievement. Isn't there a McDonald's or Tim Hortons in your town Prowler? I bet they need the services of retired old farts like you who have nothing better to do with their time but hang around forums like these.

Here...pictures this

this could be you! Just focus & put your mind to it like your case worker suggested.

If they are sad sacks of shit with no interests.

I am so busy with volunteer work and organizing leisure activity and other "life enhancing activities" groups that I am very busy.

My hockey referee and baseball umpire roles would be considered part time jobs, but I do them because there is a shortage of officials, especially at my caliber. Even though I get paid, I am not taking away a job from anyone because there just are not enough qualified game officials for the levels I officiate.

Ah...I see. you practice exceptionalism. The rules apply to everyone else....except YOU.

in fact you are still working as an employee performing services paid by a 3rd party @The Prowler.

And at your advanced age, you are denying the officials' jobs which could otherwise go to a much younger person/man.

so you just contradicted yourself, Lex. You're guilty of supporting a double standard & your argument is a logical fallacy.

You should practice what you preach. G'wan - retire Lex and let some other younger man take your place.

Quite being so Selfish & hypocritical!

 

[The Prowler]

If a person is working for themselves as the Principal Owner/Operator, generating their own employment, paying their own small business taxes, technically they are not taking 'jobs' away from anyone Lex @The Prowler no matter what age they are.

They are taking jobs away. If they did not run their business, their competition could take on their clients, potentially requiring new hires to take on the extra work.

The customers generate the demand for the goods or services, not the business owners.

In which case, do you think that your idol Donald Trump should step down and give away his position to a much younger man? After all, he's 78 and his VP his half his age. And Trump could also choose a youthful Marco Rubio but instead chooses to selfishly hang on to a job which should go to someone a lot younger and according to you more deserving.

Trump is not my idol. Why do you always have to resort to saying stupid shit when you discuss something? Because you feel that you cannot argue with facts and The Truth?

I think it is ridiculous that Trump is President. I like his policies, but in a country with as many people as USA, it is amazing to me that he is the leader.

So who are you to decide whether a person in suitable to continue working Lex @The Prowler?

What if he/she is a physician/specialist who happens to be an expert in their field and irreplaceable?

You've deemed yourself the arbiter of whether an a person is employable or not, but there's no foundations for your argument.

If someone is irreplaceable, then they should quickly start to train younger people to replace them.

It is selfish for old people to keep working past their retirement age. There are people lined-up who want to work, but they cannot because old fuckheads will not give up the spot.

And yet your idea of 'winning' is to hang out at anonymous forums and spew out insults.

No, this is my idea of entertainment. I get to tell idiots that they are idiots. I have to bite my tongue so much in real life.

For every insult you've hurled at others, you could have done something far more meaningful and productive, Lex @The Prowler.

I actually get a lot done while I am checking out this board. Multi-tasking.

But, there is nothing wrong with spending time doing things you enjoy.

Instead you waste your time in a life of nothingness and underachievement.

Hahahaha!!! "nothingness and underachievement"

That is silly. Have you seen my car?

Isn't there a McDonald's or Tim Hortons in your town Prowler? I bet they need the services of retired old farts like you who have nothing better to do with their time but hang around forums like these.

Here...pictures this

this could be you! Just focus & put your mind to it like your case worker suggested.

I think you are having a Senile Moment, Senile @Joe.

I exited the workforce to open up a job. In my case, I probably opened-up about 5 jobs in Software Development.

Ah...I see. you practice exceptionalism. The rules apply to everyone else....except YOU.

in fact you are still working as an employee performing services paid by a 3rd party @The Prowler.

No, I am not an employee.

And at your advanced age, you are denying the officials' jobs which could otherwise go to a much younger person/man.

There are no other people who are qualified. Virtually all the qualified officials do more that they would like. Did you miss when I said that? Senile Moment #2

so you just contradicted yourself, Lex. You're guilty of supporting a double standard & your argument is a logical fallacy.

You should practice what you preach. G'wan - retire Lex and let some other younger man take your place.

Quite being so Selfish & hypocritical!

It is refreshing to see that you now understand why anyone who is past the normal age of retirement is a selfish cunt if they continue working when a younger person could do the same job.