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LeafOfFaith said:
Aren't there limits to what you can contribute though? I guess if you treat it as just a trading account, you're good. There are limits on our IRA contributions here, so you can only put so much in. And I try to use that one to take in dividends without paying taxes.
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limits to contribution, but once the cash is in there, your account can grow infinitely and you only get taxed when upon withdrawing
 
LeafOfFaith said:
I wonder if you guys had only picked long term winners to hold in your "degenerate" accounts, whether you'd be miles ahead instead of trading.
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Not me, but in fairness I mostly played a sector where the prices are for the most part nowhere near all-time highs. And if I held $SLV for the last 7 years that would have been quite a shitty opportunity cost. I happened to buy near 11 year lows and the price is currently at 7 year highs. I'm not as much of an active trader as CH1, but at least for 2020 my success rate exceeds anything I could ever expect to happen. I won't be able replicate it. A lot of luck was required.

And I probably wouldn't be able to replicate my pot stock stuff with any other sector, especially tech. I just got lucky that in December 2018 and March 2020, I happened to be holding a lot of cash. So I went shopping.
 
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I missed my 11.69 fill on Curaleaf by literal seconds. I actually thought it filled. I thought I had a position on them (on top of my core) for the last 10 minutes. Oops. Would have been 2000 shares, was just looking for 20-30c, but was going to sell EOD regardless.
 
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LeafOfFaith said:
Aren't there limits to what you can contribute though? I guess if you treat it as just a trading account, you're good. There are limits on our IRA contributions here, so you can only put so much in. And I try to use that one to take in dividends without paying taxes.
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The TFSA has weird rules too. It can't be your primary income.. The CRA came knocking on my door one year because I made about twice my annual income and the onus was on me to prove it was not my primary source of income. I'm definitely going to get a call next year too. Not sure I can get away with it this time around but in some ways I don't care. I'll deal with it if it happens.
 
CH1 said:
limits to contribution, but once the cash is in there, your account can grow infinitely and you only get taxed when upon withdrawing
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Same thing for IRAs here. But it's the contribution limits that get me. If I'm contributing, I want to hold the dividend stocks in there and not trade.
 
Preston said:
The TFSA has weird rules too. It can't be your primary income.. The CRA came knocking on my door one year because I made about twice my annual income and the onus was on me to prove it was not my primary source of income. I'm definitely going to get a call next year too. Not sure I can get away with it this time around but in some ways I don't care. I'll deal with it if it happens.
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So I think the regular IRA is capped at like $6,000 a year or so. I have a SEP IRA (for self employed), and that's capped at 1/4 of what you pay yourself in salary during the year. So if you bump up your salary, you suddenly are paying more tax on that, but at the same time can take more to put away into the IRA. I haven't raised the salary in years, because the tax rate on distributions are much lower and so I want to take more out that way instead. But keeping the salary where it is caps the contributions, so there's all these levers that play into what you can put in.
 
I was lucky that I sold 90% of my RRSP just before covid crash and even though I missed most of the historical bounce back rally, my account is up over 50% this year because of weed, gold/silver and a few stocks I bought super cheap in spite of my overall bearishness (ROKU, FSLY, PINS, INSG, PTON, GWPH)

In my trading account, I just wire myself a monthly amount, like it's a freelance gig.

my TFSA is barely up for the year and will be my next area of focus
 
So I did nothing before Covid, and very little after. I bought two dividend stocks (of all the things I could've bought!) like a week after the crash. And then like two months ago or whatever, I bought Slack and another one (and those two were just shifting the EA money into them, so no adding of capital). That's it. I think my overall portfolio is up 100% though, but the new stuff is up like maybe 20% or so? Meaning that the vast majority of the gains is purely due to doing absolutely nothing but sticking to the plan, as terrifying as that might be during the down periods.
 
And yeah, I keep getting wowed by what some of these tech stocks are doing, like your little buddies PTON, Fastly, PIN, and the rest, but I'm deliberately actually trying to avoid going deeper there. My big decision currently is whether to cut Slack out. But my area of focus is trying to get some more dividend stocks because probably 95% of my holdings don't pay anything. It would be nice to get some actual income flowing from the portfolio. Yet, these dividend stocks are doing very little in terms of appreciation, so it's like, are they worth an investment or is it better to just try to find more high flyers and maybe treat them as short term plays and sell at highs (and thereby create income in a different way).
 
what's been your big winner?


and well done! All this time I thought I was having a great year...
 
CH1 said:
what's been your big winner?


and well done! All this time I thought I was having a great year...
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By the way, I think maybe my post was misleading. X represented my gains. It's not my portfolio that's double. My gains went from where they were pre-CV, to below zero, and now are double pre-CV. I wish my portfolio had doubled.

So you probably still are the big cahuna around these parts.
 
Yeah, that was one that fell below where I bought it during the lows. Really wishing I'd bought some more then to bring down my cost marginally, but moreso to have even more upside on the epic run.
 
LeafOfFaith said:
By the way, I think maybe my post was misleading. X represented my gains. It's not my portfolio that's double. My gains went from where they were pre-CV, to below zero, and now are double pre-CV. I wish my portfolio had doubled.

So you probably still are the big cahuna around these parts.
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i had a bad year last year... so year to date metrics, while pretty standard, are completely arbitrary. We’re not fund managers that need to advertise our performance. All that matters is growing the account while avoiding those big drawdowns that f uck up your sleep.

I’ve been purposely raising my cash levels.
 
More momentum tech darlings getting slaughtered AH.

AYX down $28 (16%) and DDOG down $13 (15%)

I like those companies, maybe I'll get a chance to get back in at some point.
 
I only started investing in like 2016. I was up decently here and there as I grew the portfolio, and there were a few periods where I was down badly, during which I don’t even look at the market much because it hurts too bad. I was at my peak gains pre-Cv, and then it all evaporated for a few weeks. So literally everything I did from 2016 till March was pointless - I could’ve just started investing in March. So my lifetime gains and my gains since March are one and the same. Portfolio wise, I think I’m up 70% or so.
 
LeafOfFaith said:
I only started investing in like 2016. I was up decently here and there as I grew the portfolio, and there were a few periods where I was down badly, during which I don’t even look at the market much because it hurts too bad. I was at my peak gains pre-Cv, and then it all evaporated for a few weeks. So literally everything I did from 2016 till March was wiped out. So my lifetime gains and my gains since March are one and the same. Portfolio wise, I think I’m up 70% or so.
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Your folio has seriously outperformed the overall market..so well done!
 
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