[afransen]

Anyone else watching the madhouse and thinking we must be approaching a top?

 

[SunriseChampion]

Anyone else watching the madhouse and thinking we must be approaching a top?

A temporary top, sure.

I don't watch that though....passive long-term is where the money is.

 

[SunriseChampion]

. I'll celebrate by watching 13 Going On 30 (dare I say re-watching lol). It's pretty funny.

I'm living 19 going on 40....pretty funny is right. No need for Hollywood though.

 

[afransen]

A temporary top, sure.

I don't watch that though....passive long-term is where the money is.

Me too, but I wouldn't mind adding to long term positions if the market sells off again. Didn't buy as much as I would have liked in March.

 

[SunriseChampion]

Me too, but I wouldn't mind adding to long term positions if the market sells off again. Didn't buy as much as I would have liked in March.

Aaah, yes, true.

I throw money at it every two weeks and don't bother trying to time anything, but that would be a good idea.

It's defo going to be corrected, especially US markets that are overinflated based on technophilia mostly.

How long can it last though and is it gearing up for a sudden correction?

 

[Northern Light]

Aaah, yes, true.

I throw money at it every two weeks and don't bother trying to time anything, but that would be a good idea.

It's defo going to be corrected, especially US markets that are overinflated based on technophilia mostly.

How long can it last though and is it gearing up for a sudden correction?

The P/E ratios are off-the-charts nuts on the whole........

I'm still in the market but I'm heading more to cash.

There's a point of absurdity here.

 

[afransen]

I also have automatic purchases. Was looking to do some leveraged investing, but it took rather longer to wrangle my HELOC in March/April what with the plague and all, so I could only make purchases with cash holdings. But the HELOC is waiting patiently.

 

[SunriseChampion]

The P/E ratios are off-the-charts nuts on the whole........

Yeah, that's where it's an obvious joke.

I'm still in the market but I'm heading more to cash.

Cash is a loss of money.....unless you're spending it in which case, cash only!

There's a point of absurdity here.

That's why long-term passive investing is the only investing worth anyone's time....you needn't worry about short-term absurdities and acute market hysteria.

 

[SunriseChampion]

I also have automatic purchases. Was looking to do some leveraged investing, but it took rather longer to wrangle my HELOC in March/April what with the plague and all, so I could only make purchases with cash holdings. But the HELOC is waiting patiently.

For real? HELOC?!

Man, I thought I was a gambler with my footy betting and like three annual trips to a casino for some blackjack....but these people are betting on GameStop and with their houses!

 

[afransen]

I don't have much of a mortgage. If you think borrowing against your house to invest is inherently risky you should think more about that. It's no riskier than the others stocks I have and having a bigger mortgage. Or taking out a HELOC and buying granite countertops and a new car like a normal person .

 

[Undead]

Yes, can the market please drop so I can get rid of my USD lmao

 

[SunriseChampion]

I don't have much of a mortgage. If you think borrowing against your house to invest is inherently risky you should think more about that. It's no riskier than the others stocks I have and having a bigger mortgage. Or taking out a HELOC and buying granite countertops and a new car like a normal person .

I think even touching a HELOC is a bad idea, but your point about countertops is beyond brilliant.

Paying for investments with debt is just a bad idea in general. I only ever use my rent money on the blackjack tables.

 

[afransen]

Paying for investments with debt is just a bad idea in general. I only ever use my rent money on the blackjack tables.

I thought you owned a business?

Do you think getting a mortgage on an investment property is a bad idea?

 

[SunriseChampion]

I thought you owned a business?

Not quite....I just manage parts of one/have a vested interest in said business. Currently unemployed though with no income so so much good that does me!
May be future owner of said business.

Do you think getting a mortgage on an investment property is a bad idea?

Yes, unless one has the cash to back up the debt.

Debt is a pernicious bastard.

 

[SunriseChampion]

Hear ye, hear ye!!! All ye gamblers up in this piece!

Watch for Telus International's IPO.

Thank me later.