TSX:PRV.DB - Post by User
Comment by
Shirtlessnomoreon Sep 26, 2020 5:47pm
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Post# 31625782
RE:RE:RE:RE:RE:Are we going to retest $2.50, this is a turd man
RE:RE:RE:RE:RE:Are we going to retest $2.50, this is a turd manShawshank I think you are bang on. There is talks about closures and lockdowns again, school is already in question, new rules today, high new cases, just all a clusterfvck. Cash is king and I'm going to wait further purchasing. I'd rather buy here at 5 bucks and have a more positive outlook then we have right now. This may have a very negative impact on many businesses after many have just barely weathered a storm. I would love to be wrong and all this just go away but I think that's pretty naive at this juncture. I'm still over half cash but not even comfortable with that... ....
shawshank2 wrote: Arbutus22 wrote: I can't argue with a risk off move like going to all cash. Staying invested, inherently, presents risk. Still, staying in cash also presents risk of lost opportunity. There are a few issues with removing yourself from the market ... (1) when do you jump back in? Especially now, markets are volatile and unpredictable, swayed by the latest headline. Psychologically, its challenging for many to buy a specific stock after having sold that stock; (2) Cash pays literally nothing. PRV pays 10% yield. Even if PRV drops more, as long as you don't need the money, wait out any sp drop and collect your monthly dividend; (3) diversification in any portfolio is important. In this environment, real estate and gold, imo, offer the most protection and upside. Tech stocks, mostly, I'm not buying given their absurd runup in sp; the risk of a substantial fall is too great. That said, everyone has their own opinion on this.
David Rosenberg, economist, gives an interesting talk about where he forsees the world in 1-5 years and where to invest:
https://sprott.com/insights/webcast-replay-pandemic-playbook-with-economist-david-rosenberg/#
GLTA
Given market volatility right now and the fact we have 50% downside from march lows i cant take solice in just collecting a dividend right now and watch my capital depreciate. I think there will be further pain ahead but at some point an environment will present itself when my gut tells me to buy heavy...most likely mid nov or beyond