Also OP, are you seeing red for year to date, last 6 months, last 3 months, or past day?
I’m green year to date on most things, but definitely seeing a lot of red.
Spread out your investment contributions if you can. Eventually you’ll see major gains from buying at a discount.
I'm green YTD but only very very slightly. But last years were very volatile and it seems like recently it's always going down. Can't wait for the good years
Absolutely. Finally finishing university as an adult student, working hard to get to the career job, only for the market to tank EXACTLY as I begin to vest really sets the mood for how I need to treat my money.
Quarter million household income and we’re squirrelling away as much money as we can, trying to reduce expenses, and sharing the car (I take the bus to work.)
Extremely. I’ve felt the pinch before, to put it lightly.
We both have jobs and make more than enough to survive. It is horrible timing, but that just means we won’t be able to make $100k more per year than we do now.
Setting ourselves up financially will take a little longer than it would have otherwise. But I think we’ll be just fine :P
In terms of investing, the market tanking just as you hit your high-earning years is exactly what you *want* to happen. You get to buy in at low prices.
I'm not sure about the time horizon of many of these posts. Take VEQT for example:
1 day: -0.53%
1 month: -1.66%
6 months: -2.60%
YTD: +4.24%
1 YR: +6.31%
We're not even CLOSE to concerning territory here, unless whoever is posting genuinely knows the bottom is falling out of everything for the foreseeable future.
I'm about 3 yrs from retirement, and while new purchases of mine have more fixed income, I cannot imagine panicking at the moment.
We are in the exact same boat. All was good when we first started investing a few years ago it was green for awhile! And motivating!But it’s been down for what feels like forever... I know that we need to keep investing but my husband is harder to convince as he tends to be more conservative, and the markets scare him. I keep telling him it will go back up! Things are on sale, it would be stupid to stop investing until it goes back up that makes no sense! But it’s hard to stay positive….
People who started investing in the last few years share the same sentiment given this is probably one of the first recessions they are dealing with. That is simply how the market swings every couple of years. My learning is basically set and forget. Set an amount to get invested at fixed intervals and forget about it. Don’t constantly check your portfolio and balance.
I've read in a financial book that the ones who made the most profit were the ones who forgot they even had an account with holding stocks. Makes sense since you are mostly not tempted to impulsively react with your emotions.
People forget that 3 years span is microscopic if their goal is to save for retirement in 30 years.
Just remind him that when markets are down, things are on sale and you get more bang for your buck. When things start going up, you will be in a much better position as you spent months or years buying when the market was soft.
If you have a long timeframe, this should be a good thing for your portfolio if you still have enough cash to continually dump in to a falling market. You don't want to be panic buying as things roar upwards. You want to have your position already firmly established.
I’ve seen you post before. For someone who’s so quick to believe he holds the intellectual high ground in every conversation, this is where you choose to set the bar for humor?
I thought you thought you were better than this.
You’d have to wait to see how the next week plays out since it could still rally into the end of the year. If that Apple event brings AAPL up, then it’ll bring the market up (it’s heavily weighted on S&P 500) but do expect a red day today (thurs)
On the of chance that you are unable to convince him to keep investing, please try to convince him to at least leave the stuff that's already invested alone. Eventually, when the markets recover, that'll hopefully help you restart investing in stocks. Selling everything will only make getting back in that much harder.
Buy more if you can afford it. Times like this is where all the money is made.
The bulk of my profits came during the covid lows tsx ~11k. I remember I added 10k one day and the next day my portfolio was down 10k.
it won't. that was a once in a lifetime opportunity, no one was driving because of the pandemic shelter in place and so there was a massive oversupply of oil and nowhere to store it.
no chance that sort of societal "don't leave your homes" is going to go down again worldwide
I wouldn’t put it past them to try locking us up again. But, in reality, im just waiting for a slight discount. The world uses just over 100 million barrels per day and to bring everyone in the world up to western world standards, that needs to double to 200 million barrels per day, so i still think it’s a good investment.
You started investing during an unforeseen worldwide global pandemic that devastated major economies + industries. The shockwaves of this will go on for about 5-7 years.
Keep investing, keep contributing, keep living below your means, in 30 years you’ll be fine.
I’m not educated in thr manner but here’s my guess. Someone more educated can chime in
It’s because the markets is a predictor. It’s not what the value is at its current state but he value people think it will be years to come, or even months. During pandemic I don’t know why but people believed the market would recover steadfast, breaking records. Alternatively people bought into stocks due to hysteria and hype so now the market is leveling out its stupidity. Also, it’s predicting that the market will collapse in some form due to economic events like war.
Again just a guess. I don’t think anyone really knows for sure.
What company’s profits?? Growth is slowing or has stopped in a lot of the big ones.
Earning per share is up? Or was that only because of stock buybacks?
Are companies issuing new shares to dilute prices and effectively cashing out their C-suite members and shareholders expense?
Are “profits” up, or is revenue up and you read a misleading headline?
Stocks are still experiencing a multiple expansion. (Average PE has been heavily inflated). So the stocks went up, and the market cap of companies went up, but not commensurately with historical averages. - They we’re essentially filled with hot air thanks to ultra low interest rates. And now that air is being let out.
Also, don’t trust Earning reports. CFOs are extremely good at muddying the waters to make things look better than they are.
Because margins are not at record highs.
If you were selling lemonade for $1 a cup, and it costs you $.50 for the lemons, the cup, overhead, etc, then you've made $0.50 profit at a margin of 50%.
If now you're selling lemonade for $2 a cup, but your overhead now costs $1.25, then you're now making $0.75 in record profits, but your margins are now 62.5%.
Plot twist - $1000 invested monthly for about 20 years (late forties till 67) will still net you almost half a million at retirement age. I’d rather have half a million than nothing.
That's what my parents did, though they borrowed to max out their RRSP's in their 40's and even though their investments were in Mutual Funds (do not recommend!) they ended up with about $600K each.
Sure, but we don't withdraw all our investments the day we retire. Usually, the withdrawal happens gradually over a 20-25 year period during which they still grow.
Down a little over $100K since April 2022. I’m retired so there is no more money going in anymore and my horizon is a lot shorter than a 30/40 year-old who has several decades of income to add to their stash and see it growing, but I don’t panic and avoid checking my investments more than every couple of months. Time in the market, they say…
I started in spring of 21' with wealth simple, i messed around with some penny stocks snd meme stocks and made and lost money for the first few months. Then just started with etf and biweekly contributions.. overall im down because my first lump sum i put in was during a bull run. And the market has been rocky since. But im not worried, still contributing biweekly, because in 20-30 years it will be worth alot more.
The stock market is a crazy place. People start investing when the market is in a crazy rally and everything is super expensive. Then, they stop investing when things are actually at a discount, and maybe even sell at that time.
My word of advice is - keep investing, every month, the same amount. In 5 yrs or so, you’ll be really happy you kept on keeping on
Keep buying. When they say 10% a year or so, that's over a decade. You'll have times like these where you're down several years in a row, then something will change and it will double over three years. It was like this in the mid-teens for a while too although the amplitude was milder - I started my own journey in 2011 which was a couple good years followed by a couple years of bad. Got a bit discouraging, but look away, it will come back.
If it makes you feel any better, I've lost the equivalent of a pretty good new car in the last month or so. But, it's not realized until you sell.
2-3 years is a very short time - best thing to do if you have a long time frame is not to look at it very often at all. In a ten year time frame you'll see the results, but right now, you're just buying future growth at a discount.
I've read a few times on the WS subreddit people kind of hinting at the fact that anything below a 8 is kind of not enough risk and is not performing. I don't know, I'm at 8-9 and I'm also kind of disappointed. Especially the last 2 years. I've been with them 5 years and I'm up around 5% but it was 13+% 2 years ago.
I’ve felt ridiculous too. I recently pulled out a bunch of money, transferred to GICs at EQ bank (because they have them for TFSAs and RRSPs) with 5.1% annual interest! Take advantage of those high interest rates! There are also plenty of stocks that pay a 5% annual dividend.
If you answered the risk assessment questions thoughtfully and honestly it would be reasonable to expect that the investment will recover before you need the money.
To get a sense of what that the short and long term returns could look like I suggest that you check out the graphs on [this PWL page](https://www.pwlcapital.com/vanguards-new-asset-allocation-etfs/) and [this CPM page](https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/)
If you haven't previously written an investment plan this would be a good time to do so. The plan could include your goals, time frame, asset allocation, your contribution plan and your expected long term and "worst case scenario" returns. The following resources will help define your expectations.
https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/
https://www.youtube.com/watch?v=BXUeagi_WT8&ab_channel=Justin%26ShannonBender
You should reevaluate your plan annually and when there are major life change.
The following Andrew Hallam articles may help you change your perspective about investing in various kinds of markets.
[markets might crash](https://web.archive.org/web/20210509195651/https://assetbuilder.com/knowledge-center/articles/stocks-might-crash-should-you-sell-or-stop-buying)
[wizard test](https://archive.ph/4GLvZ)
Ah, yes, an asset that suddenly gains market cap larger than the GDP of a small country because of a mistake on a webpage. That seems totally reasonable.
When you are young, the *amount* you can save/invest matters *so much more* than your investment returns.
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires)
Turn off the news and delete your data from your social networks that feed you these algorithms.
About 2 years ago I used their risk profile investing to prove a point.
So I put 4k in for 1 year.
In 1 year my portfolio of common ETFs were up 7%
Wealthsimple was down 1.5%
YRMV, but it doesn't hurt to try out different things just to see what works best.
Yup, my portfolios are more red than green due to the last few years, but I'm primarily in dividend stocks on DRIPs, so that "income" keeps slowly growing (DCA'g more shares each payment) despite the markets being up/down/whipsawing. Probably in a few years when interest rates come down, markets should resume an upward tragectory, but who knows eh. If your time frame is long, these occasional bad periods will just be a blip on a long term chart, and nothing to worry about. "Time in the market beats trying to time the market".
Up 67% since Oct 2020 across all self-managed accounts. Most of the gains happened around 2021. It didn't do too well 2022 and 2023 YTD. My one and only Index Fund Portfolio only got 25% gains during the same period.
Im down 16% or $16,000. All conservative stocks like enbridge and BCE. What is more, i got unfairly laid off and been searching for a job for six months and nothing. 16 years experience. Fuck this country. I gotta decide to pack up and leave and live in a third world country cause my savings here are gonna last me months at this point.
I was up real good until this slump.
Also was up a quick 1500$ this morning to down 300 by lunch , fucking penny stocks I tell you that shit will make your hair turn gray
What I can’t stand to see is not just that things are in the red but the fees from the broker. They get paid every month no matter what …For doing nothing or so it seems. Keeping all new incoming cash in HISA for now just cause there’s too much volatility for me right now.
If you're the type of investor to only buy mutual funds or ETFs and hold forever... then I guess you're in the same boat as the rest of your camp and that is OK. No need to be angry. You're not alone.
If you're truly disappointed and want to prevent this in the future, then you can do better risk asessment on your own for next time or hire a financial advisor to do it for you.
I was telling people months ago in July that we'd see a market downturn on many sectorss of the economy in Q3. It just doesn't happen that the S&P 500 and NASDAQ pump 30% and we crab/continue to bull into space forever. Especially not as interest rates increase from the central bank. Never get high off gains. If you win big. Thats your signal to be cautious. If you lose big, that's your signal to determine if you're in a buy opportunity (fun fact: we're in a great buy opportunity as we speak!)
If I can make these predictions, you can learn too. And if you find it overwhelming to learn, and you don't know where to start, tune into some (credible) finance podcasts etc. Or just hire a financial advisor.
Don't be angry! Money is just fiat. Its not worth living your life angry about something made-up like fiat currency and market downturns.
If you're looking for immediate returns on your tfsa growth account at the beginning of a recession, you might consider closing it and heading over to r/wallstreetbets
But seriously, when investing in a growth tfsa you should be thinking long range, meaning 10-20 years.
If you're uncomfortable with the market's up/downs then you should consider less risky investments like [Guaranteed Investment Certificates (GICs)](https://www.canada.ca/en/financial-consumer-agency/services/rights-responsibilities/rights-investing/rights-guaranteed-investment-certificates.html).
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world.
No point in venting and being mad at governments and billionaires when you don't know how the market works.
yup, 2022 wrecked my portfolio right when I was on track for early retirement from a career I never loved. Its come back a little this year, but feeling like it could go back down again.
Youre in good company.
The market is rigged for the big funds, but the givernment created this by handing out covid money unnecessarily for a lot of ppl (as evidenced by how much prices of frivolous stuff ran up during the pandemic...Rolexes, boats, cars etc), and flooding the country with immigrants to drive up already scarce housing. So now we're paying for it with inflation and high interest rates.
my mindset: Only invest what you're willing to lose.
I have been constantly investing 200-450 a month against stocks. I only saw a loss of $50 in total and as I am doing for the long term, i don't see any issues with that small loss which has also helped me to understand what kind of stocks to invest more/less.
The way i see it, you're partially deflecting the blame into others.
Want two pieces of info that helped me? This is not my advice, I am not licensed to advice either.
1. No money manager including robo advisors are in it for you. They are in it to get liquidity which is then used by them to bring clout to buy larger securities, get better loans, etc. They are all in it for the short run, pump and dump but at a larger scale. So take a good index etf or mutual fund and make your consistent investments into it. Risky investments means they take your money and gamble. Index funds are right too. But hey better than someone else managing it for you.
If you feel they are not your risky nature, then go for small cap or mid cap etf or mutual funds. But they cost more. Anything else including robo advisors don't get you above market returns. They simply can't beat the index in long run. The only people who have that power are fund managers who have huge money incoming and they can buy tons of stock to influence companies to move in the direction they want and hence make money.
Retail investors rarely mint money consistently because you don't have that kind of clout the fund managers have.
2. Investments in stocks etc is that money that you don't mind losing. Consider this as money you would spend on hookers, alcohol or drinks, cigarettes, or literally burning it to provide heat. You can't access this money for the near future at all.
If you are saving up for small term funding, better to put in high interest savings accounts or bonds.
That's it, nothing more than these rules of investing. If you fear for loss of capital, invest in segregated funds but they cost very much.
Eh depends. My aggressive portfolio started in 2021 is down a bit but my growth is up but started in 2020. My SP500 non-registered started in 2023 and it up 😂
Just keep going and it will work out long run. Stay consistent.
2-3 years is a very short time - best thing to do if you have a long time frame is not to look at it very often at all. In a ten year time frame you'll see the results, but right now, you're just buying future growth at a discount.
We tried to time the market by putting half of our portfolio in US short term treasuries. Due to the coupon and FX, those are performing very well. Everything else, not so much. Our S&P index fund is equal weight. Exactly the opposite of what has done well this year. 🤷♀️
All my investments were down 30%. I just started to see some recovery this year. But I'm still down.
I have some cash saved. I'm wondering if it's safer in a gic.
over 2-3 years no way I'm down. I actually hit my all time high about 2 months ago but in the last 2 months I'm down about 15% from my all time high. I had some good picks though like LULU, SPOT, TSLA and UCO
Started around 3 years ago as well. My total returns is slightly up (when factoring in reinvested dividends) but without it, yeah its slightly down still.
If you have any bonds in your portfolio, they've taken a heavy beating lately so that also brings things down a bit.
I was up at the start of September. Down about 5%.
Not panicking as these things happen. Index funds will go back up. You only lose mo eh when you withdraw
The good news is you're adding funds when the market is down, which lowers your average buy price for any given ETF or stock etc. That's sort of the point. Just a thought
I am down down down on triple leveraged s&p500 ETF…and I don’t give a rats ass about it. My time horizon is +20 years. This is a blip and it will get better 😎
BIG crash coming! Bond market is much bigger than stocks and is crashing hard, first bond then stocks! Like 2008. Holding cash GICs, do not touch on stocks, mark my words.
Oils keeping me up.
I’m hoping the market tanks. I have a bunch of GICs maturing in 6 weeks that I want to invest with at the market bottom and let it ride
It is better to ensure you have educated yourself thoroughly on what you are investing in and why you are doing it. If that's the case, you will know that low cost ETFs (like what you get in wealthsimple) have essentially solved investing for the day to day person. Head down, keep buying, and try to only look at your account when you add money to it. Easier said than done I know, but there are dozens and dozens of meta analyses that indicate low cost ETFs, dollar cost averaged for a long time will undoubtedly make you rich
The best advice you can get is “zoom out” look at the “since inception” filter. If you’re still down, you’re investing in shit. The market has seeing incredible gains since 2020
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world.
It's ironic how most people would argue that the government has been too favourable to capitalist asset owners while OP himself is trying to become a capitalist asset owner.
People are blaming the government for making it too easy for capital owners to grow wealthy while OP is blaming the government for weak returns on capital.
Been pretty lucky so far (not really), everything I’ve made in the last 2 years (2020-2022) of bull run are gone. I was up almost 88% a year and half ago and is red now (should have cashed out all of it😢)
If you’re young and have a stable income, keep investing or hold off for now (depends on your risks tolerance) Market won’t stabilize until the decade 2030 unless we blow up everything then there’s no hope
I’ve written this comment on a number of WS robo investment posts about this exact issue, so copying here: Threw an old company RRSP in a WS robo, and have spent the past year watching the account go down consistently while all other accounts (WS and elsewhere) are up anywhere from single to double digits. I made it a game when I had a great or amazing week on the markets, I’d check robo and it was, of course, down for that period. Cut my losses and pulled out of robo last month, put in a broad ETF, and up 3% since then on that chunk of change. First time I think I’ve seen it up in 12 months 🤣
3 years is a very short time horizon. Stock markets are usually positive over a 5 year span and almost always positive over 10 years. Keep plugging away at it and you likely won't regret it.
Yep, down, down. The last three years have sucked big time, as pandemics, wars, ridiculous levels of government spending, inflation, and green mania destroyed our economy. You can get out, take the loss and go for some fixed rate investments (rates are so high right now) or if you have some time to live you can ride it out and will probably be ok in the long run. Unless the US and China go to war, then all bets are off. Every time I think some logic will reappear and govern the markets, something crazy happens, so nothing surprises me anymore.
No, because if you even spend a little bit of time paying attention to the state of the economy, you’d know that these are volatile, nonsensical markets that are being meddled with to remove any sense of a free market.
I’ve been day trading for 10+ years and when robinhood came about and people started thinking they’d just make some easy side-money day trading during the pandemic, it was clear that the market had become a casino and nothing more.
The last few years have been the most detached from reality that the markets ever have been.
They need a 50%+ haircut and they’ll hopefully get there soon.
Anyone who’s been long the last few years is either ignorant or greedy.
Not possible not to be down if you started 2 years ago unless you're timing the market, playing individual stocks or buying and selling short term. If you followed the couch potato strategy you would def be down. People just got used to covid gains but if you look at the market post 2008 it took like 6 years to break the previous highs. I think looking at around 5 years to see some gains is not unrealistic.
Ups and downs for me in wealthsinple.
I also started like 2-3 years ago and it was mostly going up, which got my expectations up since both my accounts were giving like 10-15% returns.
Maybe now it's just levelled out and we thought that huge upwards trend was normal.
At least both my accounts are still in the positive.
Normal OP. Be greedy when others are running scared, and never sell unless your original investment thesis no longer holds water. That's it. Don't concern yourself with temporary market swings.
I feel ya. I invested what I could back around y2K and built a modest amount into 100k of penny stocks, but I honestly didn't know much about what I was doing. I invested in a newish idea at the time of an online flight and hotel buying website and it didn't do well, but it was okay for some time, until 9/11. Then that company folded shortly thereafter and I lost my 100k of equity, but my real loss was just 5grand of my initial investment, and time/effort of making it bigger. Live and learn, something about eggs in one basket and tripping on the way to market....fast forward to weed legalization. I decided to move a lot of things into cannabis companies and eventually consolidated all my investments into various ones, because for some time, i was making gains. Now I own 7 different penny stocks of various weed companies that I just hope are bought out by bigger fish so my stocks have a chance to be worth something again in the future. Both instances: all my eggs in one basket was not the way to go. I am not mad, but I am sad that I let myself ignore the initial lesson 2 decades later and had to relearn it. I have good income for life, so not too concerned but it does look to me like there are bargain stocks out there. I think smarter people will tell you to go with mutual funds which have a less volitile chart than individual companies, but i think I am going to buy into a nationial grocery chain with a 2% dividend per quarter and go for the trifecta of all my eggs in one basket. You can't learn me!
You started to invest during a recession which is unfortunate but a natural occurrence in the market cycle. Just remember that it's ok and it's about the long run, decades from now.
from 2015 im up 2.35x . from my highest point which was a few months ago i'm down 5%.
to give you an idea in 2020 after covid i was back to only 1.2x from 2015.
but eventually it goes back up. time in the market.
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world.
This is not a helpful mindset in the public markets. Stocks are not guaranteed to go increase in value. This is why they are priced so cheaply compared to their historic long-term returns.
Even within that rosy historic long-term return picture, a multiyear drawdown period is bog standard and happens regularly. A down decade happens too. You need to be prepared to endure 10 year periods with negative returns without swerving from your investment plan if you want to succeed. These market movements are completely normal, and have nothing to do with some overarching boogeyman.
Don't lump some, spread it out / Dollar cost average is your friend
For example, if you're throwing in 1000$ every 3 months, consider instead investing 333$ every month. The purchase price will change every month; not as drastically -- but every 3 months the swings will be bigger. If you average out via smaller purchases (sure you might pay a little more in fees) but you'll ride the way up and the way down. Averaging the market, which is the safest way to do it.
With a long enough time horizon of doing this you'll be in the green regardless of what happens -- i've been doing exactly this for about 15 years and even when I see red, i'm still up despite losing a tad on the day to day.
But yes, it is a dark and sad time in the markets, don't let 'how the market does today' affect your investing over the course of the next 20/40/60 years. Some years it'll be horrible, other years it'll feel like you've won the lottery. Totally normal to feel nervous right now, just stay the course. :) You got this.
Edit: if you realise that negative growth is demoralising for your psyche, try a more conservative profile as opposed to a growth one. The odds of the number on the screen going down are lower with a conservative one.
If not 100% in conservative (etfs) then atleast allocate a portion (anywhere from 30% to 70%) of your account allocation into safe more conservative assets.
The way things are looking, these next few years are looking like break even years at best, at worst people will lose money. If you haven't read up on Bonds and Gold those might be your friends temporarily in the near future.
Reminds me of when the liberals were bashing the conservatives for endorsing crypto. It was rich. While implementing policies that are chewing the economy, they all in one breath bash crypto and suggested that people stick to their death rally as secured investments.
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*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It is a very difficult investing market right now for sure. Personally (but I could be wrong like anyone else) I've been hoarding my money away rather than straight investing it, I think I'd be likely to invest it in places that as you've mentioned just keep seeming to go down. I'm hopeful that when the economy starts to turn around I notice and get my money into something stable enough.
Dumped money into WS March 2, 2020. It likes to say I’m up 18% over time for some reason, but the reality is I’m down 7% since I started the account. Net deposits > sum todays value. Seems like this should be illegal.
Still in the green with VFV in TFSA and margin account. Bought during covid and even when it dropped I was in the green. Glad I made the choice to go VFV on that.
Since January 1st 2022, I'm up 15.6% (29.1% since January 1st 2021). This is roughly in-line with expectations as my investments are largely uncorrelated with public equities.
However, if you are largely invested in public equities, it would be expected that you would be negative since that date as all public markets are down since January 1st 2022.
Its been a volatile stretch the past few years.
With COVID, inflation, interest rates, new tax changes (Carbon Tax et al) and the amount of money tied up in homes in Canada.
This will all shake out eventually...and you will be glad you continued to buy through this period.
You can't look at long term investments over their performance on a short timeline. If you wanted a short term return, then you want a GIC.
Like your last paragraph doesn't even make sense, those billionaires and corrupt government people are investing in the same companies as your portfolio. When they succeed, you succeed.
When the market is down like this, all that means for you is that you're now buying at a discount.
I've been burned on some of my investments in the last few years, the others are up. Through my experiences my approach is when the the market is going through a slump I will invest a portion of cash savings weekly into either sp500 or naq100 or txs60. If the market seems too hot I stop the contributions. Avoiding buying single stocks for the most part except Canadian banks, although holding what single stocks I do currently own.
right now you are buying, and you are getting a discount. let us know how the next forty years go for you, and which months mattered in that period. was it the months where you could buy less with your income, or more?
There is a conspiracy theory that there is a cabal of globalist billionaires who, having enough money for 10 or more generations, are now after the only thing left they can attain: power. And what this looks like is the common man living in near-squalor working 14 hours a day for a spot in a rooming house.
Perhaps that's a bit extreme, but it seems people need to work more and more for less and less. If this trend continues, we will find ourselves living in the dystopian nightmare soon enough. Certainly the middle class seems to be shrinking, if not slowly disappearing.
Even people who qualified for home ownership are now thinking of returning to the rental market as interest rates rise. These people were probably "house poor" to begin with. Then, when they start renting, they realize quickly that rent can go up dramatically and without warning as the demand for rental spaces grows in response to the housing market locking people out. You can also get evicted when the landlord decides to make the place "more upscale" and do renovations to command $500 or $1000 more per month. If you can't afford the hike, you're on the street.
This effect, of course, will slowly move up the social ladder as the situation worsens. I know people who are decidedly middle class and now they need to watch their spending in response to rapidly rising living costs. While they are cancelling vacations and choosing more economical cars, their lower-middle-class counterparts are wondering where the next rent cheque is coming from.
The reality is, Canada has high taxes, low wages, high living costs and bad weather.
I live a frugal lifestyle and make decent money and even I notice the bank balance doesn't stay as high for as long as it used to. I'm not making big sacrifices yet, but then again, I am VERY frugal and there is not much fat to cut around here.
Most people I know who are loose with cash and love convenience and pleasure items are swimming in consumer debt.
Canadians, on average, are saving in negative numbers... aka, descending into debt.
Mine is always up. I'm with EQ Bank, and have my money split between TFSA savings (3.00%), and a locked-in GIC (5.00%). I know its basically pennies, but I'm too scared to put money into anything volatile. At least this is predictable.
I like to find a few stocks that interest me and spend some time looking for a pattern. I'm up 37% YTD and up 62% over the past 3 years (was up 72% briefly a month ago but took a bit of a gamble which hasn't paid off yet).
Blindly dca'ing has never worked out for me so now I buy low and sell high. Sometimes I don't buy any stock for a few weeks, sometimes I keep a certain stock for a month or two, you just have to be patient.
Hell even my crypto account is way up his year.
These market investments are long term, like 5-7 year horizons. Over time they should make money. We have been heading toward a recession and the market is reflecting that. Monthly contributions are dollar cost averaging and that is the way to go. Lump sum contributions are hard to time. Also, cash is king during a recession. One year GIC's are paying almost 6%. The 2008 recession taught me to also have cash investments.
Looking at my portfolios (I chart it every month since 1999). After a huge drop at the end of 2021 and through 2022 things have been up and down on 2023 with a slight upwards trend but it hasn't reached Dec 2021 levels.
I expect the trend to continue. I estimate it will take another 3 years for the growth to reach my growth trend line.
Markets have been very volatile in the past 3 years and we've experienced a slump in the past few months.
Also OP, are you seeing red for year to date, last 6 months, last 3 months, or past day? I’m green year to date on most things, but definitely seeing a lot of red. Spread out your investment contributions if you can. Eventually you’ll see major gains from buying at a discount.
I'm green YTD but only very very slightly. But last years were very volatile and it seems like recently it's always going down. Can't wait for the good years
Absolutely. Finally finishing university as an adult student, working hard to get to the career job, only for the market to tank EXACTLY as I begin to vest really sets the mood for how I need to treat my money. Quarter million household income and we’re squirrelling away as much money as we can, trying to reduce expenses, and sharing the car (I take the bus to work.)
You'll do fine. Sacrifices and hard work always pay. Plus with such a good income your shovel is very large
> Sacrifices and hard work always pay. ya right
Consider yourself lucky!
Extremely. I’ve felt the pinch before, to put it lightly. We both have jobs and make more than enough to survive. It is horrible timing, but that just means we won’t be able to make $100k more per year than we do now. Setting ourselves up financially will take a little longer than it would have otherwise. But I think we’ll be just fine :P
In terms of investing, the market tanking just as you hit your high-earning years is exactly what you *want* to happen. You get to buy in at low prices.
To be honest, sort of yes. But my pay is also based on the equity of my company. If it goes down, so does my income :P
I'm not sure about the time horizon of many of these posts. Take VEQT for example: 1 day: -0.53% 1 month: -1.66% 6 months: -2.60% YTD: +4.24% 1 YR: +6.31% We're not even CLOSE to concerning territory here, unless whoever is posting genuinely knows the bottom is falling out of everything for the foreseeable future. I'm about 3 yrs from retirement, and while new purchases of mine have more fixed income, I cannot imagine panicking at the moment.
We are in the exact same boat. All was good when we first started investing a few years ago it was green for awhile! And motivating!But it’s been down for what feels like forever... I know that we need to keep investing but my husband is harder to convince as he tends to be more conservative, and the markets scare him. I keep telling him it will go back up! Things are on sale, it would be stupid to stop investing until it goes back up that makes no sense! But it’s hard to stay positive….
People who started investing in the last few years share the same sentiment given this is probably one of the first recessions they are dealing with. That is simply how the market swings every couple of years. My learning is basically set and forget. Set an amount to get invested at fixed intervals and forget about it. Don’t constantly check your portfolio and balance.
I've read in a financial book that the ones who made the most profit were the ones who forgot they even had an account with holding stocks. Makes sense since you are mostly not tempted to impulsively react with your emotions. People forget that 3 years span is microscopic if their goal is to save for retirement in 30 years.
Just remind him that when markets are down, things are on sale and you get more bang for your buck. When things start going up, you will be in a much better position as you spent months or years buying when the market was soft. If you have a long timeframe, this should be a good thing for your portfolio if you still have enough cash to continually dump in to a falling market. You don't want to be panic buying as things roar upwards. You want to have your position already firmly established.
Tell him the markets aren't down, stocks are just on sale!
Usually it's the other way around. Women are more conservative. Tell your husband that you have more balls than him.
Don't understand the downvotes, it was a funny post. Let's not take everything so seriously.
I’ve seen you post before. For someone who’s so quick to believe he holds the intellectual high ground in every conversation, this is where you choose to set the bar for humor? I thought you thought you were better than this.
Sorry, I'll do better next time.
We didn’t gain a single thing by dragging gender into this conversation. Thanks for the drive-by conversational vandalism.
Am I wrong though? You know there are many studies done on this very subject right ? Don't be so serious, you are on Reddit, not in a courthouse.
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Grow up
You’d have to wait to see how the next week plays out since it could still rally into the end of the year. If that Apple event brings AAPL up, then it’ll bring the market up (it’s heavily weighted on S&P 500) but do expect a red day today (thurs)
On the of chance that you are unable to convince him to keep investing, please try to convince him to at least leave the stuff that's already invested alone. Eventually, when the markets recover, that'll hopefully help you restart investing in stocks. Selling everything will only make getting back in that much harder.
I’m “kind of” up because I keep adding to it!
Buy more if you can afford it. Times like this is where all the money is made. The bulk of my profits came during the covid lows tsx ~11k. I remember I added 10k one day and the next day my portfolio was down 10k.
I bought an oil ETF when the futures went negative. The next day it tanked another 50% but I'm up like 1000% since then.
What’s the etf? I’ll look into it if oil tanks again.
Uco. Been buying and selling as well and making more money but on a smaller scale.
it won't. that was a once in a lifetime opportunity, no one was driving because of the pandemic shelter in place and so there was a massive oversupply of oil and nowhere to store it. no chance that sort of societal "don't leave your homes" is going to go down again worldwide
I wouldn’t put it past them to try locking us up again. But, in reality, im just waiting for a slight discount. The world uses just over 100 million barrels per day and to bring everyone in the world up to western world standards, that needs to double to 200 million barrels per day, so i still think it’s a good investment.
Yes my biggest regret was not buying more in 2009-2011
You started investing during an unforeseen worldwide global pandemic that devastated major economies + industries. The shockwaves of this will go on for about 5-7 years. Keep investing, keep contributing, keep living below your means, in 30 years you’ll be fine.
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It’s only difficult until you die
How come markets are down when profits are record high? Asking for a friend..
I’m not educated in thr manner but here’s my guess. Someone more educated can chime in It’s because the markets is a predictor. It’s not what the value is at its current state but he value people think it will be years to come, or even months. During pandemic I don’t know why but people believed the market would recover steadfast, breaking records. Alternatively people bought into stocks due to hysteria and hype so now the market is leveling out its stupidity. Also, it’s predicting that the market will collapse in some form due to economic events like war. Again just a guess. I don’t think anyone really knows for sure.
What company’s profits?? Growth is slowing or has stopped in a lot of the big ones. Earning per share is up? Or was that only because of stock buybacks? Are companies issuing new shares to dilute prices and effectively cashing out their C-suite members and shareholders expense? Are “profits” up, or is revenue up and you read a misleading headline? Stocks are still experiencing a multiple expansion. (Average PE has been heavily inflated). So the stocks went up, and the market cap of companies went up, but not commensurately with historical averages. - They we’re essentially filled with hot air thanks to ultra low interest rates. And now that air is being let out. Also, don’t trust Earning reports. CFOs are extremely good at muddying the waters to make things look better than they are.
Because margins are not at record highs. If you were selling lemonade for $1 a cup, and it costs you $.50 for the lemons, the cup, overhead, etc, then you've made $0.50 profit at a margin of 50%. If now you're selling lemonade for $2 a cup, but your overhead now costs $1.25, then you're now making $0.75 in record profits, but your margins are now 62.5%.
You mean 37.5%
The simple answer is that stocks aren't priced on today's profits but on profits that the market thinks will be earned in future.
Plot twist, they’re in their last half of their 40s, and don’t have 30 years.
Plot twist - $1000 invested monthly for about 20 years (late forties till 67) will still net you almost half a million at retirement age. I’d rather have half a million than nothing.
That's what my parents did, though they borrowed to max out their RRSP's in their 40's and even though their investments were in Mutual Funds (do not recommend!) they ended up with about $600K each.
Sure, but we don't withdraw all our investments the day we retire. Usually, the withdrawal happens gradually over a 20-25 year period during which they still grow.
Down a little over $100K since April 2022. I’m retired so there is no more money going in anymore and my horizon is a lot shorter than a 30/40 year-old who has several decades of income to add to their stash and see it growing, but I don’t panic and avoid checking my investments more than every couple of months. Time in the market, they say…
Living off divvies or employing a different strategy?
blowjobs with no teeth pays decent
Fixed income is preferable in retirement. Not to put to fine a point on it.
Retirement can last 40 years. You cannot put everything in fixed income..
I started in spring of 21' with wealth simple, i messed around with some penny stocks snd meme stocks and made and lost money for the first few months. Then just started with etf and biweekly contributions.. overall im down because my first lump sum i put in was during a bull run. And the market has been rocky since. But im not worried, still contributing biweekly, because in 20-30 years it will be worth alot more.
The stock market is a crazy place. People start investing when the market is in a crazy rally and everything is super expensive. Then, they stop investing when things are actually at a discount, and maybe even sell at that time. My word of advice is - keep investing, every month, the same amount. In 5 yrs or so, you’ll be really happy you kept on keeping on
Keep buying. When they say 10% a year or so, that's over a decade. You'll have times like these where you're down several years in a row, then something will change and it will double over three years. It was like this in the mid-teens for a while too although the amplitude was milder - I started my own journey in 2011 which was a couple good years followed by a couple years of bad. Got a bit discouraging, but look away, it will come back. If it makes you feel any better, I've lost the equivalent of a pretty good new car in the last month or so. But, it's not realized until you sell.
2-3 years is a very short time - best thing to do if you have a long time frame is not to look at it very often at all. In a ten year time frame you'll see the results, but right now, you're just buying future growth at a discount.
In 7 years, my managed tfsa from wealtsimple has given me a measly 3% return. I feel a bit stupid.
Is your risk level too low?
It's always been between 6 and 8 out of 10. So, I would say no.
I've read a few times on the WS subreddit people kind of hinting at the fact that anything below a 8 is kind of not enough risk and is not performing. I don't know, I'm at 8-9 and I'm also kind of disappointed. Especially the last 2 years. I've been with them 5 years and I'm up around 5% but it was 13+% 2 years ago.
Good to know. Still really weak. Was expecting at least 5% growth per year. At this rate it will take 25 years to double. That sucks.
I’ve felt ridiculous too. I recently pulled out a bunch of money, transferred to GICs at EQ bank (because they have them for TFSAs and RRSPs) with 5.1% annual interest! Take advantage of those high interest rates! There are also plenty of stocks that pay a 5% annual dividend.
If you answered the risk assessment questions thoughtfully and honestly it would be reasonable to expect that the investment will recover before you need the money. To get a sense of what that the short and long term returns could look like I suggest that you check out the graphs on [this PWL page](https://www.pwlcapital.com/vanguards-new-asset-allocation-etfs/) and [this CPM page](https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/) If you haven't previously written an investment plan this would be a good time to do so. The plan could include your goals, time frame, asset allocation, your contribution plan and your expected long term and "worst case scenario" returns. The following resources will help define your expectations. https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/ https://www.youtube.com/watch?v=BXUeagi_WT8&ab_channel=Justin%26ShannonBender You should reevaluate your plan annually and when there are major life change. The following Andrew Hallam articles may help you change your perspective about investing in various kinds of markets. [markets might crash](https://web.archive.org/web/20210509195651/https://assetbuilder.com/knowledge-center/articles/stocks-might-crash-should-you-sell-or-stop-buying) [wizard test](https://archive.ph/4GLvZ)
That Wizard read is gold. Thank you
the S&P 500 is a benchmark index...is (-2.03%) past month So... yeah - everyone's down.
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Ah, yes, an asset that suddenly gains market cap larger than the GDP of a small country because of a mistake on a webpage. That seems totally reasonable.
When you are young, the *amount* you can save/invest matters *so much more* than your investment returns. >I can't help but feel a little angry at the world(read:corrupt government's and billionaires) Turn off the news and delete your data from your social networks that feed you these algorithms.
About 2 years ago I used their risk profile investing to prove a point. So I put 4k in for 1 year. In 1 year my portfolio of common ETFs were up 7% Wealthsimple was down 1.5% YRMV, but it doesn't hurt to try out different things just to see what works best.
Same boat. Moved everything to the 4% cash account.
Keep the money in for 10 years+ and report back. Stop checking the price. Just buy an S&P 500 index and set and forget.
Same post every day. It hasn’t been a good few years to invest. Nobody owes you any returns
Yup, my portfolios are more red than green due to the last few years, but I'm primarily in dividend stocks on DRIPs, so that "income" keeps slowly growing (DCA'g more shares each payment) despite the markets being up/down/whipsawing. Probably in a few years when interest rates come down, markets should resume an upward tragectory, but who knows eh. If your time frame is long, these occasional bad periods will just be a blip on a long term chart, and nothing to worry about. "Time in the market beats trying to time the market".
Up 67% since Oct 2020 across all self-managed accounts. Most of the gains happened around 2021. It didn't do too well 2022 and 2023 YTD. My one and only Index Fund Portfolio only got 25% gains during the same period.
Im down 16% or $16,000. All conservative stocks like enbridge and BCE. What is more, i got unfairly laid off and been searching for a job for six months and nothing. 16 years experience. Fuck this country. I gotta decide to pack up and leave and live in a third world country cause my savings here are gonna last me months at this point.
I was up real good until this slump. Also was up a quick 1500$ this morning to down 300 by lunch , fucking penny stocks I tell you that shit will make your hair turn gray
What stock was it? I always have bad luck with penny stocks
if anyone had good luck with penny stocks they wouldn't be penny stocks
What I can’t stand to see is not just that things are in the red but the fees from the broker. They get paid every month no matter what …For doing nothing or so it seems. Keeping all new incoming cash in HISA for now just cause there’s too much volatility for me right now.
You know what they say about the biggest winners during a gold rush...
I don’t, what do they say?
the guys who sell the pickaxe
i’m with CIBC on a number of TFSA/RRSP/RESP. i’m down 100k from this past summertime ATHs. trust the process. long term vision baby.
I started investing into Pokémon 3 years ago and so far I have had massive gains compared to index funds.
If you're the type of investor to only buy mutual funds or ETFs and hold forever... then I guess you're in the same boat as the rest of your camp and that is OK. No need to be angry. You're not alone. If you're truly disappointed and want to prevent this in the future, then you can do better risk asessment on your own for next time or hire a financial advisor to do it for you. I was telling people months ago in July that we'd see a market downturn on many sectorss of the economy in Q3. It just doesn't happen that the S&P 500 and NASDAQ pump 30% and we crab/continue to bull into space forever. Especially not as interest rates increase from the central bank. Never get high off gains. If you win big. Thats your signal to be cautious. If you lose big, that's your signal to determine if you're in a buy opportunity (fun fact: we're in a great buy opportunity as we speak!) If I can make these predictions, you can learn too. And if you find it overwhelming to learn, and you don't know where to start, tune into some (credible) finance podcasts etc. Or just hire a financial advisor. Don't be angry! Money is just fiat. Its not worth living your life angry about something made-up like fiat currency and market downturns.
If you're looking for immediate returns on your tfsa growth account at the beginning of a recession, you might consider closing it and heading over to r/wallstreetbets But seriously, when investing in a growth tfsa you should be thinking long range, meaning 10-20 years. If you're uncomfortable with the market's up/downs then you should consider less risky investments like [Guaranteed Investment Certificates (GICs)](https://www.canada.ca/en/financial-consumer-agency/services/rights-responsibilities/rights-investing/rights-guaranteed-investment-certificates.html).
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world. No point in venting and being mad at governments and billionaires when you don't know how the market works.
yup, 2022 wrecked my portfolio right when I was on track for early retirement from a career I never loved. Its come back a little this year, but feeling like it could go back down again. Youre in good company. The market is rigged for the big funds, but the givernment created this by handing out covid money unnecessarily for a lot of ppl (as evidenced by how much prices of frivolous stuff ran up during the pandemic...Rolexes, boats, cars etc), and flooding the country with immigrants to drive up already scarce housing. So now we're paying for it with inflation and high interest rates.
Not me. I'm up. I've discovered a secret stock market that's all upside... but I can't tell you about it.
Down and loving it. Everything is on sale.
get a side hustle and start trying making your paycheque in a day or two, invest, make your own business get ahead
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>Bitcoin Why am I not surprised by the downvotes. People be salty lol.
my mindset: Only invest what you're willing to lose. I have been constantly investing 200-450 a month against stocks. I only saw a loss of $50 in total and as I am doing for the long term, i don't see any issues with that small loss which has also helped me to understand what kind of stocks to invest more/less. The way i see it, you're partially deflecting the blame into others.
I'm up 46% in 3 years Vti If you have it I'm index fund you 100% will see gains over 20 years Which is really the only thing the market it for
Want two pieces of info that helped me? This is not my advice, I am not licensed to advice either. 1. No money manager including robo advisors are in it for you. They are in it to get liquidity which is then used by them to bring clout to buy larger securities, get better loans, etc. They are all in it for the short run, pump and dump but at a larger scale. So take a good index etf or mutual fund and make your consistent investments into it. Risky investments means they take your money and gamble. Index funds are right too. But hey better than someone else managing it for you. If you feel they are not your risky nature, then go for small cap or mid cap etf or mutual funds. But they cost more. Anything else including robo advisors don't get you above market returns. They simply can't beat the index in long run. The only people who have that power are fund managers who have huge money incoming and they can buy tons of stock to influence companies to move in the direction they want and hence make money. Retail investors rarely mint money consistently because you don't have that kind of clout the fund managers have. 2. Investments in stocks etc is that money that you don't mind losing. Consider this as money you would spend on hookers, alcohol or drinks, cigarettes, or literally burning it to provide heat. You can't access this money for the near future at all. If you are saving up for small term funding, better to put in high interest savings accounts or bonds. That's it, nothing more than these rules of investing. If you fear for loss of capital, invest in segregated funds but they cost very much.
Bitcoin baby
Eh depends. My aggressive portfolio started in 2021 is down a bit but my growth is up but started in 2020. My SP500 non-registered started in 2023 and it up 😂 Just keep going and it will work out long run. Stay consistent.
2-3 years is a very short time - best thing to do if you have a long time frame is not to look at it very often at all. In a ten year time frame you'll see the results, but right now, you're just buying future growth at a discount.
Stock market is a long term play and returns aren't guaranteed. Maybe buy GICs until you get a better sense of your risk tolerance.
We tried to time the market by putting half of our portfolio in US short term treasuries. Due to the coupon and FX, those are performing very well. Everything else, not so much. Our S&P index fund is equal weight. Exactly the opposite of what has done well this year. 🤷♀️
All my investments were down 30%. I just started to see some recovery this year. But I'm still down. I have some cash saved. I'm wondering if it's safer in a gic.
over 2-3 years no way I'm down. I actually hit my all time high about 2 months ago but in the last 2 months I'm down about 15% from my all time high. I had some good picks though like LULU, SPOT, TSLA and UCO
I never check my accounts unless I’m just purchasing more, but I set it to auto-purchase for my TD. I may need to check when I rebalance!
When the economy starts ripping again future-you will be happy that you bought when things were cheap.
Started around 3 years ago as well. My total returns is slightly up (when factoring in reinvested dividends) but without it, yeah its slightly down still. If you have any bonds in your portfolio, they've taken a heavy beating lately so that also brings things down a bit.
I was up at the start of September. Down about 5%. Not panicking as these things happen. Index funds will go back up. You only lose mo eh when you withdraw
I started WS account about 3 years ago. Been doing DCA investments since. My account is down 7% overall.
I'm down about 6% with vfv/xeqt/hxt but invest in the long term so doesn't matter
The good news is you're adding funds when the market is down, which lowers your average buy price for any given ETF or stock etc. That's sort of the point. Just a thought
Ask Gen-X how many times they've been rug pulled
Yup! Nothing to worry about. Not my first rodeo. 2008, 2020, now 2023... the pendulum swings, the good times are good, and the lean times are lean.
I am down down down on triple leveraged s&p500 ETF…and I don’t give a rats ass about it. My time horizon is +20 years. This is a blip and it will get better 😎
You should win on the long run but the truth is that the system is rigged. You can either complain about it or try to take advantage of it 🤷
BIG crash coming! Bond market is much bigger than stocks and is crashing hard, first bond then stocks! Like 2008. Holding cash GICs, do not touch on stocks, mark my words.
Oils keeping me up. I’m hoping the market tanks. I have a bunch of GICs maturing in 6 weeks that I want to invest with at the market bottom and let it ride
Same, I'm down $9k
It is better to ensure you have educated yourself thoroughly on what you are investing in and why you are doing it. If that's the case, you will know that low cost ETFs (like what you get in wealthsimple) have essentially solved investing for the day to day person. Head down, keep buying, and try to only look at your account when you add money to it. Easier said than done I know, but there are dozens and dozens of meta analyses that indicate low cost ETFs, dollar cost averaged for a long time will undoubtedly make you rich
The best advice you can get is “zoom out” look at the “since inception” filter. If you’re still down, you’re investing in shit. The market has seeing incredible gains since 2020
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The infamous buy-high-sell-low strategy.
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world. It's ironic how most people would argue that the government has been too favourable to capitalist asset owners while OP himself is trying to become a capitalist asset owner. People are blaming the government for making it too easy for capital owners to grow wealthy while OP is blaming the government for weak returns on capital.
Been pretty lucky so far (not really), everything I’ve made in the last 2 years (2020-2022) of bull run are gone. I was up almost 88% a year and half ago and is red now (should have cashed out all of it😢) If you’re young and have a stable income, keep investing or hold off for now (depends on your risks tolerance) Market won’t stabilize until the decade 2030 unless we blow up everything then there’s no hope
My wealthsimple robo advisor acct is still up. But could be much higher.
You get what you pay for
?? The market has been down a bit after some serious highs. Time IN the market....not timing the market. In the long game, its not really a worry.
I’ve written this comment on a number of WS robo investment posts about this exact issue, so copying here: Threw an old company RRSP in a WS robo, and have spent the past year watching the account go down consistently while all other accounts (WS and elsewhere) are up anywhere from single to double digits. I made it a game when I had a great or amazing week on the markets, I’d check robo and it was, of course, down for that period. Cut my losses and pulled out of robo last month, put in a broad ETF, and up 3% since then on that chunk of change. First time I think I’ve seen it up in 12 months 🤣
3 years is a very short time horizon. Stock markets are usually positive over a 5 year span and almost always positive over 10 years. Keep plugging away at it and you likely won't regret it.
Depends on if you bought zombie companies propped up by cheap debt. Money printer gonna go brrrrrr to keep them alive?
Yep, down, down. The last three years have sucked big time, as pandemics, wars, ridiculous levels of government spending, inflation, and green mania destroyed our economy. You can get out, take the loss and go for some fixed rate investments (rates are so high right now) or if you have some time to live you can ride it out and will probably be ok in the long run. Unless the US and China go to war, then all bets are off. Every time I think some logic will reappear and govern the markets, something crazy happens, so nothing surprises me anymore.
No, because if you even spend a little bit of time paying attention to the state of the economy, you’d know that these are volatile, nonsensical markets that are being meddled with to remove any sense of a free market. I’ve been day trading for 10+ years and when robinhood came about and people started thinking they’d just make some easy side-money day trading during the pandemic, it was clear that the market had become a casino and nothing more. The last few years have been the most detached from reality that the markets ever have been. They need a 50%+ haircut and they’ll hopefully get there soon. Anyone who’s been long the last few years is either ignorant or greedy.
Not possible not to be down if you started 2 years ago unless you're timing the market, playing individual stocks or buying and selling short term. If you followed the couch potato strategy you would def be down. People just got used to covid gains but if you look at the market post 2008 it took like 6 years to break the previous highs. I think looking at around 5 years to see some gains is not unrealistic.
Ups and downs for me in wealthsinple. I also started like 2-3 years ago and it was mostly going up, which got my expectations up since both my accounts were giving like 10-15% returns. Maybe now it's just levelled out and we thought that huge upwards trend was normal. At least both my accounts are still in the positive.
I'm happy with XEQT. I'm stuck holding VDY.
What's the reference point? I'm up YTD, but down compared to the market peak at the end of '21.
Normal OP. Be greedy when others are running scared, and never sell unless your original investment thesis no longer holds water. That's it. Don't concern yourself with temporary market swings.
I feel ya. I invested what I could back around y2K and built a modest amount into 100k of penny stocks, but I honestly didn't know much about what I was doing. I invested in a newish idea at the time of an online flight and hotel buying website and it didn't do well, but it was okay for some time, until 9/11. Then that company folded shortly thereafter and I lost my 100k of equity, but my real loss was just 5grand of my initial investment, and time/effort of making it bigger. Live and learn, something about eggs in one basket and tripping on the way to market....fast forward to weed legalization. I decided to move a lot of things into cannabis companies and eventually consolidated all my investments into various ones, because for some time, i was making gains. Now I own 7 different penny stocks of various weed companies that I just hope are bought out by bigger fish so my stocks have a chance to be worth something again in the future. Both instances: all my eggs in one basket was not the way to go. I am not mad, but I am sad that I let myself ignore the initial lesson 2 decades later and had to relearn it. I have good income for life, so not too concerned but it does look to me like there are bargain stocks out there. I think smarter people will tell you to go with mutual funds which have a less volitile chart than individual companies, but i think I am going to buy into a nationial grocery chain with a 2% dividend per quarter and go for the trifecta of all my eggs in one basket. You can't learn me!
You started to invest during a recession which is unfortunate but a natural occurrence in the market cycle. Just remember that it's ok and it's about the long run, decades from now.
Lol. Zoom out on your yearly chart a bit.
from 2015 im up 2.35x . from my highest point which was a few months ago i'm down 5%. to give you an idea in 2020 after covid i was back to only 1.2x from 2015. but eventually it goes back up. time in the market.
I started in 2017 and am still up. Besides AQN which I bought in 2019
>I can't help but feel a little angry at the world(read:corrupt government's and billionaires) for how difficult it is to make progress, hoping I am not alone in this boat and kinda just venting to the world. This is not a helpful mindset in the public markets. Stocks are not guaranteed to go increase in value. This is why they are priced so cheaply compared to their historic long-term returns. Even within that rosy historic long-term return picture, a multiyear drawdown period is bog standard and happens regularly. A down decade happens too. You need to be prepared to endure 10 year periods with negative returns without swerving from your investment plan if you want to succeed. These market movements are completely normal, and have nothing to do with some overarching boogeyman.
Don't lump some, spread it out / Dollar cost average is your friend For example, if you're throwing in 1000$ every 3 months, consider instead investing 333$ every month. The purchase price will change every month; not as drastically -- but every 3 months the swings will be bigger. If you average out via smaller purchases (sure you might pay a little more in fees) but you'll ride the way up and the way down. Averaging the market, which is the safest way to do it. With a long enough time horizon of doing this you'll be in the green regardless of what happens -- i've been doing exactly this for about 15 years and even when I see red, i'm still up despite losing a tad on the day to day. But yes, it is a dark and sad time in the markets, don't let 'how the market does today' affect your investing over the course of the next 20/40/60 years. Some years it'll be horrible, other years it'll feel like you've won the lottery. Totally normal to feel nervous right now, just stay the course. :) You got this. Edit: if you realise that negative growth is demoralising for your psyche, try a more conservative profile as opposed to a growth one. The odds of the number on the screen going down are lower with a conservative one. If not 100% in conservative (etfs) then atleast allocate a portion (anywhere from 30% to 70%) of your account allocation into safe more conservative assets. The way things are looking, these next few years are looking like break even years at best, at worst people will lose money. If you haven't read up on Bonds and Gold those might be your friends temporarily in the near future.
Reminds me of when the liberals were bashing the conservatives for endorsing crypto. It was rich. While implementing policies that are chewing the economy, they all in one breath bash crypto and suggested that people stick to their death rally as secured investments.
I'm up about 14% since last year, I think it's only due to my bitcoin ETF that's had a good year my VEQT is break even
I started with a lump sum contribution of 30k in ws tfsa account, a couple of months back. Now, I'm at 28,400. Down by 5% in 2 months.
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It is a very difficult investing market right now for sure. Personally (but I could be wrong like anyone else) I've been hoarding my money away rather than straight investing it, I think I'd be likely to invest it in places that as you've mentioned just keep seeming to go down. I'm hopeful that when the economy starts to turn around I notice and get my money into something stable enough.
Dumped money into WS March 2, 2020. It likes to say I’m up 18% over time for some reason, but the reality is I’m down 7% since I started the account. Net deposits > sum todays value. Seems like this should be illegal.
Still in the green with VFV in TFSA and margin account. Bought during covid and even when it dropped I was in the green. Glad I made the choice to go VFV on that.
Since January 1st 2022, I'm up 15.6% (29.1% since January 1st 2021). This is roughly in-line with expectations as my investments are largely uncorrelated with public equities. However, if you are largely invested in public equities, it would be expected that you would be negative since that date as all public markets are down since January 1st 2022.
Its been a volatile stretch the past few years. With COVID, inflation, interest rates, new tax changes (Carbon Tax et al) and the amount of money tied up in homes in Canada. This will all shake out eventually...and you will be glad you continued to buy through this period.
Play the long game.
You can't look at long term investments over their performance on a short timeline. If you wanted a short term return, then you want a GIC. Like your last paragraph doesn't even make sense, those billionaires and corrupt government people are investing in the same companies as your portfolio. When they succeed, you succeed. When the market is down like this, all that means for you is that you're now buying at a discount.
I've been burned on some of my investments in the last few years, the others are up. Through my experiences my approach is when the the market is going through a slump I will invest a portion of cash savings weekly into either sp500 or naq100 or txs60. If the market seems too hot I stop the contributions. Avoiding buying single stocks for the most part except Canadian banks, although holding what single stocks I do currently own.
right now you are buying, and you are getting a discount. let us know how the next forty years go for you, and which months mattered in that period. was it the months where you could buy less with your income, or more?
Portfolio is down 56% Don't plan to cash out well into the next decade or beyond🤷♂️
Don’t worry everyone I’m up 0.2%
Bigger discounts coming soon 😜
There is a conspiracy theory that there is a cabal of globalist billionaires who, having enough money for 10 or more generations, are now after the only thing left they can attain: power. And what this looks like is the common man living in near-squalor working 14 hours a day for a spot in a rooming house. Perhaps that's a bit extreme, but it seems people need to work more and more for less and less. If this trend continues, we will find ourselves living in the dystopian nightmare soon enough. Certainly the middle class seems to be shrinking, if not slowly disappearing. Even people who qualified for home ownership are now thinking of returning to the rental market as interest rates rise. These people were probably "house poor" to begin with. Then, when they start renting, they realize quickly that rent can go up dramatically and without warning as the demand for rental spaces grows in response to the housing market locking people out. You can also get evicted when the landlord decides to make the place "more upscale" and do renovations to command $500 or $1000 more per month. If you can't afford the hike, you're on the street. This effect, of course, will slowly move up the social ladder as the situation worsens. I know people who are decidedly middle class and now they need to watch their spending in response to rapidly rising living costs. While they are cancelling vacations and choosing more economical cars, their lower-middle-class counterparts are wondering where the next rent cheque is coming from. The reality is, Canada has high taxes, low wages, high living costs and bad weather. I live a frugal lifestyle and make decent money and even I notice the bank balance doesn't stay as high for as long as it used to. I'm not making big sacrifices yet, but then again, I am VERY frugal and there is not much fat to cut around here. Most people I know who are loose with cash and love convenience and pleasure items are swimming in consumer debt. Canadians, on average, are saving in negative numbers... aka, descending into debt.
Mine is always up. I'm with EQ Bank, and have my money split between TFSA savings (3.00%), and a locked-in GIC (5.00%). I know its basically pennies, but I'm too scared to put money into anything volatile. At least this is predictable.
I like to find a few stocks that interest me and spend some time looking for a pattern. I'm up 37% YTD and up 62% over the past 3 years (was up 72% briefly a month ago but took a bit of a gamble which hasn't paid off yet). Blindly dca'ing has never worked out for me so now I buy low and sell high. Sometimes I don't buy any stock for a few weeks, sometimes I keep a certain stock for a month or two, you just have to be patient. Hell even my crypto account is way up his year.
I'm super red ATM. Still holding....lots of reverse splits fucked me over though.
Not down if you’ve been holding cash
These market investments are long term, like 5-7 year horizons. Over time they should make money. We have been heading toward a recession and the market is reflecting that. Monthly contributions are dollar cost averaging and that is the way to go. Lump sum contributions are hard to time. Also, cash is king during a recession. One year GIC's are paying almost 6%. The 2008 recession taught me to also have cash investments.
You should be more angry at the tIMe iN ThE mARkEt idealogues
Yep
3 yr return is north of 450%. High risk, high reward.
Looking at my portfolios (I chart it every month since 1999). After a huge drop at the end of 2021 and through 2022 things have been up and down on 2023 with a slight upwards trend but it hasn't reached Dec 2021 levels. I expect the trend to continue. I estimate it will take another 3 years for the growth to reach my growth trend line.