Post by
bossu on Mar 19, 2022 4:09pm
What would you do if you were about 84 ?
To DeanEdmonton,
This is where Quasimodo stand and the main reason why I'm overly cash and just make sure to be protected in case of a market melt down which could happen at any time.
Of course the answer is easy and I should give the 65 % to RBC Dominion Security Inc or others and this probably what I'm going to do soon but in case of a market correction the damage could be reduced.
But being an active trader and quite familiar with the general market and driving my 3 potfolios with Direct Action on a daily basis and of course being '' passionate ''with the stock market and acting as ''A lone Ranger''
Just to give you an idea of my trading activities on Direct Action;
Activities Activities
-REER Quasimodo 1 year 324 last 90 days 127
-TFSA Quasimodo 287 last 68
-TFSA Esmeralda 145 last 45
Total 756 240
Just to show the frequency of my trading activities with the very high market volatility never seen before help me to generate small /modarate profit when I push the buy/sell button.
My success rate is over 9 wins on 10 trades and very good investments
in the oil and gas sector /midstream/banking/pipeline/gold
And just to show the yield in my 3 portfolios;
From January 2 2021 to March 18 2022 this year
-Quasimodo FEER + 51 %
-Quasimodo TFSA + 25 %
-Esmeralda TFSA + 79 %
Average Total 41%.......................................4 ,0 %
A mandatory withdrawal of 6 % per year in my FEER or 8 % would give 59 % yield in 14 months and a half.
In my mind not a bad score but it could have been much better if I only had a good adviser which by the way I had with a trial for 10 % funds and just able to generate a small loss in a 4 months period.By the waythe storey did not last long.
So DeanEdmonton thank you for your comment but you have different ways to invest and Sarge is one of the the best and his comments about the stock market and where'' he and his wife '' are invested is in a very conservative and boring companies about where my 35 % exposure in the market is with a 5 % to 15 % additional funds for the swing tradings that generate a pretty good yield.
Happy trading !
Comment by
bushman33333 on Mar 19, 2022 6:09pm
This post has been removed in accordance with Community Policy
Comment by
sledig on Mar 21, 2022 1:53pm
All the best to you. I don't quite see it like you do. You're only 84 till you're not. I'm 61 and looking to totally wind down in a few years. Maybe keep toe in it a little bit. Everyone's circumstances are different, some have good genes others don't. Glta. Average age for a male I think is about 84.