TSX:REI.UN - Post by User
Comment by
born2tradeon Jul 21, 2020 10:05pm
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Post# 31299716
RE:RE:RE:RE:TIME TO DUMP THIS TURD AND BUY THE NASDAQ
RE:RE:RE:RE:TIME TO DUMP THIS TURD AND BUY THE NASDAQ Yes , it could definitely have gone lower but Fed announcement stopped the slide. I had invested in these pipelines before but had sold them last year to pay for the down payment on property. So, it worked for me as I didn't need to do much research. I bought IPL when it was yielding roughly 28% (still can't believe it) and was expecting 50% cut. But cut was much more than that and these things no one knows . At the end , it worked out. long story short - discipline to take actions when others are fearful was the key.
it is very difficult to time the market . Even Buffet can't do it. I keep it simple - dividend payers in industries that have contracted cash flows and hard assets and to have diversified portfolio. Very unlikely but not impossible if we test March lows. wish you luck in whichever side market turns!!
[=shawshank2]
Buying in march april def took some balls. By all rights it could have gone the other way and tanked further. I am heavily weighted in reits many of which are only 20% off their highs of 52 weeks. The reality is if you were too chicken such as myself to buy when oil was at negative 35$ and it was clear the economy was in shambles/ height of covid then there is no risk/ reward in tech and other growth stocks that have recovered and far exceeded all time highs. Reits and financials are still very cheap imo if you are selective and cautious. I am still a believer that we will see another major crash and when it happens i will sleep better at night knowing that my investments have a stable cashflow that will continue to drip/ compound. As for q2 it problably wont be pretty but we are still almost 50% off from jan. I am selfishly hoping for better buying opp here.[/quote]