Investing

[Matthew]

Hopefully yesterday was the bottom of the correction.

[KapG]

Hopefully yesterday was the bottom of the correction.

Could wait a month or so for me to get my summer bonus so I can buy discount canadian banks tbh.

[Matthew]

Probably will correct again after the next interest rake increase

[KapG]

Probably will correct again after the next interest rake increase

Absolutely

[Matthew]

RIP

[KapG]

Just added a bunch of CIBC at 5% dividend yield.

[Matthew]

Yeah I'm not selling anything (probably stupid) but keeping a bunch of cash on the sidelines until boc and fed raise rates another 100 points or so.

[bills09]

Happy I sold all my Suncor when I did flipping it all into Canadian Banks

[Matthew]

Ooof Bank of Canada raised its rate 100 points

[Matthew]

Bet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback

"Good to be an oil man” - Daniel Plainview and Matthew

Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.

[KapG]

Bet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback

"Good to be an oil man” - Daniel Plainview and Matthew

Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.

You did good on that one nicely done Matthew.

I just continue to add little bits and pieces to my BMO and cibc holdings. My yield on a cost basis for enb/BMO/CIBC is about 7% on about 40k which for me is a good chunk of money. It’s all tax free too in the tfsa.

[kimmer]

yall millionaires yet

[Matthew]

Bet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback

"Good to be an oil man” - Daniel Plainview and Matthew

Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.

Today seeking alpha gave vermilion a 95 cad price target, and it's currently at 38.

https://seekingalpha.com/article/453764 ... atural-gas

[KapG]

But it’s seeking alpha lol

[KapG]

yall millionaires yet

No but I’m currently up to almost a full months wage in dividends for the full year. Sooner than later hopefully we will be at two months and then three….

[Matthew]

yall millionaires yet

No but I’m currently up to almost a full months wage in dividends for the full year. Sooner than later hopefully we will be at two months and then three….

It's such a turn on when you talk like that kappy

[Matthew]

How quickly things are turning around with some good inflation numbers coming out of the USA

[KapG]

How quickly things are turning around with some good inflation numbers coming out of the USA

It’s gonna go back down this shit isn’t over lol


I just keep buying banks. Have almost 40k in tfsa paying me yields of 7.3% (at cost)


I own about 70 abnb as well. It’s been getting smacked with the rest of the market but I do like it long term. Just wish I woulda bought it all in the 90s instead of where I did lol

[Matthew]

How quickly things are turning around with some good inflation numbers coming out of the USA

It’s gonna go back down this shit isn’t over lol


I just keep buying banks. Have almost 40k in tfsa paying me yields of 7.3% (at cost)


I own about 70 abnb as well. It’s been getting smacked with the rest of the market but I do like it long term. Just wish I woulda bought it all in the 90s instead of where I did lol

Which canadian bank is paying 7.3% yield?

[KapG]

How quickly things are turning around with some good inflation numbers coming out of the USA

It’s gonna go back down this shit isn’t over lol


I just keep buying banks. Have almost 40k in tfsa paying me yields of 7.3% (at cost)


I own about 70 abnb as well. It’s been getting smacked with the rest of the market but I do like it long term. Just wish I woulda bought it all in the 90s instead of where I did lol

Which canadian bank is paying 7.3% yield?

That’s why I said at my cost . Highest I’ve seen in the last week was about 6.25% for BNS