REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 05-07-2022, 10:57 AM   #11501
My homepage has been set to RS
 
mikemhg's Avatar
 
Join Date: Dec 2009
Location: Burnaby
Posts: 2,352
Thanked 2,574 Times in 956 Posts
Quote:
Originally Posted by SiRV View Post
I would say these mortgage things are pretty risky - the best thing to do now is double - down on these super low cost ETF's right now, super bargain, super safe and awesome time to buy
Such as? Legitimately curious here.
Advertisement
mikemhg is online now   Reply With Quote
Old 05-08-2022, 10:37 AM   #11502
Old School RS
 
lowside67's Avatar
 
Join Date: May 2004
Location: Port Moody
Posts: 4,442
Thanked 3,711 Times in 1,125 Posts
Quote:
Originally Posted by instantneedles View Post
They are called ginkgo.

Iím currently starting out investing, and 100% of my investments are with a robo advisor on wealthsimple. However, everything is dropping right now, so Iím looking at other alternatives like this.

Are MICs good for beginner investors?
These are very obscure investments - they are not traded on a public market, they can choose at their own discretion to not return your capital until they decide they'd like to, etc. They are also not regulated nearly as heavily as most mainstream financial investments.

Personally I don't think that a new investor has any business with this kind of niche product, but that's just my opinion. If there was an ever a use case for them, it's to diversify a significant mainstream portfolio into alternatives, but until you have the core, it's just not worth it.

-Mark
__________________
2011 BMW 128i (Sold 2019)
lowside67 is offline   Reply With Quote
This post thanked by:
Old 05-11-2022, 02:05 PM   #11503
WOAH! i think Vtec just kicked in!
 
PeanutButter's Avatar
 
Join Date: Jun 2013
Location: Burnaby
Posts: 1,618
Thanked 2,301 Times in 507 Posts
Quote:
Originally Posted by instantneedles View Post
Thanks so much for the info!

They are called ginkgo.

Their pamphlet says they have a 65% LTV in BC and 69.75% LTV overall across 5 provinces. Also, 79.8% are first mortgages and 20.2% non-first mortgages.

Iím currently starting out investing, and 100% of my investments are with a robo advisor on wealthsimple. However, everything is dropping right now, so Iím looking at other alternatives like this.

Are MICs good for beginner investors?
Their LTV seems high to me. There are MIC's out there with an average LTV closer to 60%.

MIC's aren't typical for beginner investors as they are very nuanced. You have to take time to understand what they are. If anything, add 5% to your portfolio if you really want them inside your portfolio.

I know it's boring, but just buying VFV.TO is probably the way to go. Or VGRO might be the better "diversified" play.
PeanutButter is offline   Reply With Quote
This post thanked by:
Old 05-12-2022, 07:08 PM   #11504
SiRVs up, dude
 
SiRV's Avatar
 
Join Date: Jan 2004
Location: Outerspace
Posts: 4,762
Thanked 341 Times in 175 Posts
Quote:
Originally Posted by mikemhg View Post
Such as? Legitimately curious here.
VEQT
VGRO

Globally diversified stocks that cover every market in the world. No risk, slow gains of approx 5-7% yearly, but compounded over our careers will make us multi-millionaires by the time we are retired.


Alternatively, if you want to do country specific investments (USA), you could consider: VFV, VTI
__________________
My Feedback Rating
SiRV is offline   Reply With Quote
This post thanked by:
Old 05-13-2022, 10:11 AM   #11505
RS has made me the bitter person i am today!
 
Join Date: Nov 2002
Location: 604
Posts: 4,715
Thanked 2,737 Times in 1,239 Posts
Elon Musk getting cold feet with Twitter ... ironically, announced on ... Twitter


Last edited by whitev70r; 05-13-2022 at 10:39 AM.
whitev70r is offline   Reply With Quote
Old 05-13-2022, 10:41 AM   #11506
My homepage has been set to RS
 
mikemhg's Avatar
 
Join Date: Dec 2009
Location: Burnaby
Posts: 2,352
Thanked 2,574 Times in 956 Posts
Quote:
Originally Posted by SiRV View Post
VEQT
VGRO

Globally diversified stocks that cover every market in the world. No risk, slow gains of approx 5-7% yearly, but compounded over our careers will make us multi-millionaires by the time we are retired.


Alternatively, if you want to do country specific investments (USA), you could consider: VFV, VTI
Funny you mentioned VEQT, I recently threw a chunk of my RRSP into that fund, a few months back.
mikemhg is online now   Reply With Quote
Old 05-13-2022, 10:44 AM   #11507
My homepage has been set to RS
 
mikemhg's Avatar
 
Join Date: Dec 2009
Location: Burnaby
Posts: 2,352
Thanked 2,574 Times in 956 Posts
Quote:
Originally Posted by whitev70r View Post
Elon Musk getting cold feet with Twitter ... ironically, announced on ... Twitter

https://twitter.com/elonmusk/status/1525049369552048129
Well seeing as TSLA stock dropped a quarter of its value since the announcement, no surprise there.

I don't know how people can take this guy seriously.

He's a rich super-troll, I highly doubt he had any intentions of fully going through the purchase of Twitter. We'll see how this unfolds.
mikemhg is online now   Reply With Quote
This post thanked by:
Old 05-14-2022, 02:50 PM   #11508
Rs has made me the woman i am today!
 
Hehe's Avatar
 
Join Date: Dec 2002
Location: YVR/TPE
Posts: 4,123
Thanked 2,367 Times in 967 Posts
Quote:
Originally Posted by mikemhg View Post
Well seeing as TSLA stock dropped a quarter of its value since the announcement, no surprise there.

I don't know how people can take this guy seriously.

He's a rich super-troll, I highly doubt he had any intentions of fully going through the purchase of Twitter. We'll see how this unfolds.
Bahaha. If you are not used to volatility, TSLA is not for you. There's an equal part of people who believe in it and the other part who are so convicted that TSLA is worth nothing that they keep shorting it even after losing tens of billions within the span of 2 years.

This is what creates such a movement. I mean, it's a mega-cap company that trades like a penny stock, where you get + or - 5% on a weekly basis with little to no news.

But if I learned anything these years investing, it's don't let emotions or personal feelings cloud your judgment+Look at what they are doing, not what they (or other people) are saying.

I still regret to this day that I stopped investing in AAPL because Tim Cook took over. I was such a Jobs fans that I didn't believe that Cook could do a good job. I was wrong. I let my personal feelings got in the way despite all figures pointing otherwise.

I was a Musk fans... well, not so much as a fans, but rather I think he's got a leadership style that I admire as an entrepreneur. But I didn't invest in TSLA because people were saying so many things about him and TSLA. I was wrong. It wasn't until I got my own Model 3 that I was convinced that this is the future of automotive and only by then I started buying TSLA.

As for TWTR deal, Musk will follow through, but as with everything in life, it comes down to $$$. It's more about how Musk can convince all the major investors going with him on the deal to stick to it despite all the latest developments. The pause, I believe, is to address some of the major investors. But he would eventually pull through as if there's one thing Elon Musk is good at, it's to get funding for what he wants to do. This ability is what made Tesla and SpaceX today.

As Peter Thiel has famously said: never bet against Elon Musk.
__________________
Nothing for now
Hehe is offline   Reply With Quote
Old 05-15-2022, 11:09 AM   #11509
Rs has made me the woman i am today!
 
Mr.Money's Avatar
 
Join Date: Jan 2011
Location: Vancouver DT
Posts: 4,236
Thanked 2,762 Times in 895 Posts
what's the perfect gamble right now


"buy low"... yes but when is the real question.


hearing people completely cut their losses cause they never thought a crash would be taken this huge..


almost sounds like a mad man to buy in on the dip. SOON.
__________________
Fly Your Own Flag.
Mr.Money is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 03:51 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2022, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net