RE:RE:RE:RE:RE:Next week CPI and FED rate decision...Having said that, since it's impossible to time a market. I do hold a good chunk of preferreds (paying about 8%) and another 20% in daily money markets (paying over 4%) and ready for deployment if we do rollover back to S&P 3600 again or lower.
flamingogold wrote: Well back in early April
I did say DGS would climb back over $6 and meet the threshold for paying and it did.
Not saying I'm perfect but I've done ok holding DGS since covid, now with an average in the $1 range. I only need it to pay once and my annual return is already 6% all in a TFSA too. Of course, it will do better than that.
The economy in the last year has had to tackle some heavy blows including the first war to break out in Europe since WWII (still a big weight on the economy), the highest inflation in over 40 years (now falling), the fastest rate cycle increase in a year (but closer to the end now), a US reginal bank crises (now over) and a debt ceiling crises (also now over). Yet, we've navigated this quite well, and the S&P at around 4300 justifies that.
Next week, I think if we get a good CPI# and a pause out of the FED then we've got a good chance to go higher. Not saying that all is rosy for the rest of the year. Just talking the next month or two.
mouserman wrote: And you have been constantly pushing DGS saying it will bounce back soon, for a few months now, also dead wrong.... household debt in Canada is at record levels, as are the number of Canadians missing mortgage payments ,credit card debt payments, lines of credit etc.... jacking it even just a quarter of a % has a huge effect, when some people cant quite survive as it was...