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Preston said:
RRSP long account not even close though YTD. Looks like it's around 50% but I'll double check later.
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Just checked and I'm not even close. I forgot how much my one RRSP account got crushed on the March dump. Thanks to holding strong and APHA/DKNG/SLV (smaller positions than my VTI but not insignificant), I am up 32% YTD in my one RRSP account and over 65% since the March lows (who isn't up that much since March?). I have 3 RRSP accounts for various reasons and haven't checked the others but I'm guessing I'm up less (maybe 20%?) since, while I added VTI/VUN fairly aggressively in them during the February/March dump, I didn't have SLV, DKNG or APHA carry me further.

But just having VTI in that one RRSP account for years has been fucking wonderful. When in doubt, buy VTI.
 
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One of my issues here is that I haven't been holding it long enough. So if I sell at what I think is the highest, I'll get taxed at ordinary income rates. If the deal is a cash deal, and closes within the next six months, same thing. If it's a stock deal, and I hold through closing, I'll probably avoid the tax issue, but then I'm carrying the risk that the deal falls apart before closing. Tangled web has been woven for me here.
 
My gut is telling me it's going to be an all stock deal.

I think Salesforce wants to use its inflated stock price to pay a healthy premium to Slack, which probably prefers to stay the course, but simply can't deny the existential threat that is Microsoft for too much longer. I doubt there's a cash component. So if that's the case, it's just a matter of the valuation. What would be exciting enough for Slack to exit stage left? It can't be under $40 because that's barely a gain on their IPO price. But how much over $40? They've been talking price terms while in the late $20s, so I doubt they'd have been touching $50 in negotiations. I'm guessing $45 and if they're really lucky $47, but who knows, if Salesforce is using its stock, maybe they're more willing to overpay. I figure the big money ran it up today to what they think is the minimum ($40) and will tread water until the deal is announced.
 
Slack was definitely a disappoint compared to other WFH stocks, which basically have hockey stick charts. APPN FVRR ZM
 
CH1 said:
Slack was definitely a disappoint compared to other WFH stocks, which basically have hockey stick charts. APPN FVRR ZM
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Big time. Big big big time. I'm happy to have a nice quick return on it, even with all the warts of tax, deal structure, closing, etc.

But shit, if I had just put the money in Tesla or Zoom or Peloton or FUCKING FASTLY which has no identifiable business to speak of!

Even Citibank was a better bet!
 
I really did think Slack would be a $100 stock right now. Big whiff to just get a walk and a passed ball that got me to second base instead of a grande salami.
 
Hey man, no need to knock FSLY. That stock will surprise you in a few years.
 
I still remember Josh on CNBC a few months ago saying Slack should be trading at Zoom's price, and Zoom trading at Slack's price.

That was a good call.
 
Predicting shit is hard. If you bought Pfizer the day their vaccine news came out, you’d be in the red but Moderna and Astrozeneca are up
 
Exactly why I shy away from trading, because short term seems like mostly luck to me.

But I actually think predicting long term shit is comparatively easy. If you stay conservative and realistic, and only try it on a few names per year and give yourself a long window. Even the names I've sold out of have done magnificently well over the last few years. Shopify and Qualcomm and Blackstone come to mind. I quit early on what would've been some of the biggest gainers in my portfolio (and I only ditched them because I thought they'd already gained a lot!). And in the case of the latter two, they'd have been paying me sweet dividends for the last two or three years. Wish I'd kept the cash reserve lower and stayed in those names rather than ditching them to grab others. Shopify whatever, but Qualcomm would've been such an amazing dividend to keep getting.
 
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Oh and the worst part was that I suffered with it for over a year. I waited it out, then it was going to merge with Broadcom and so I think I rode it up into the $80s or so, and that fell apart and it fell back down to $55 or something and I just said fuck it, this is old boring tech, it's a laggard, and went for higher flyers. It would be my second best holding right now, I think.
 
LeafOfFaith said:
Qualcomm I bought at $50 I think. Now $144. Fucking Qualcomm. Not exactly a risky pick, and it was a 300% gainer. Damn.
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it did nothing for 15 years though, started moving about a year ago, and the dividend was nothing special

it was a maddening stock to own
 
I was very lucky to own options when the Broadcom news came out.... I was in a job interview for a freelance gig, the other person went to get a coffee and I saw my TFSA jump up $7K US... had to wait until the interview was over before I could figure out what was happening
 
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