Portfolio Update
Haven't talked about investing in ages, because hardly anything seemed to be going on - and was afraid of making the same mistake as last time, of trying too hard to get something going, when instead it might really be better to just be patient and wait?
Overheated Market?
Stuntman was mentioning before that the market seems to be a little overheated - have been noticing some of that myself, like for example was only expecting Facebook (FB) to be $146 by the end of June, and right now it's $150? And Apple (AAPL) seems like it might be getting a bit ahead of itself, and there are some others that seem to be that way too, like Priceline (PCLN)?
So a fair number of companies have already grown ~30% in the first +4 months of the year - here's some sample graphs for 2017:
Apple
Facebook
Amazon
ULTA
My Portfolio
Guess was hoping to grow my $ by finding solid companies with steady growth over time - although it seems like some of the gains might be part market hype too? And then lost some gains on gold, and by buying high
And maybe stuff didn't grow as much because had some stuff in ULTA, GOOGL, and DPZ, which have all done fine, but not as well as some other companies?
So here's my accounts
RRSP (tax free trades)
TFSA (tax free trades)
Preparing for a Market Correction/Downturn
It's nice to have those accounts where selling shares doesn't get taxed, so won't have to worry about the tax if it seems like the market might be taking a turn and would rather sell?
Have tried looking at past downturns to get ideas of stuff to watch out for that might signal some sort of market correction - like high inflation rates? But maybe there may not always be signs ahead of time ... and maybe sometimes there may be signs, but things may still keep growing for a while?
The market seems to be growing so fast right now, although have no idea what to expect from things over the next couple of months?? Guess if it seems like there might be like a 51% chance the market might grow 10% in the next couple of months, and like a 49% chance the market might crash 10% before am able to sell my stuff in the next couple of months ... would it be better to keep the money in the market to try to grow it?
Maybe if inflation starts to rise and the market starts to stall for several months, may consider trying other stuff like a short-term GIC, or something?
Last edited by TrustySam; 08-28-2017 at 09:07 PM.