Post by
Banshee on Nov 08, 2024 10:48am
Red and Expierenced
Red , the numbers you provided about the cost of various shares is making st interesting and on paper sounds good , but l think you left out part of the math. Which l consider important.First off you have said you have been actively investing and using margin for over 40 years, all well and good but back 40 odd years ago the TSX was at roughly 2000 pts not the 24700 it is now , a multiple of 12. Then a $5 bill was worth far more than $5 today more like $20 or $25. Assuming you reinvested all your divs back then , no doubt you own considerably more shares minus the cost of using margin.Now when that scenario is put forth ,Telus for example is only a quadruple and depending on when you bought others , then perhaps likewise , not actually a stellar return , but a homerun in your way of thinking.Thats why l have asked Expierenced to opine on what l have put forth .I trust him explicitly to give a professional , unbiased view on the subject .He too is highly successful probably worth many times yourself and a few hundred more than me.Thanks for both of your replies.
Comment by
Banshee on Nov 08, 2024 1:33pm
An astronomical amount along with tobacco thanks to a bunch of politicians , government workers and a truly greedy useless current government .You wonder why theres a blackmark3t for both Tobacco and cannabis .Don't ask Trudy and his hops to answer as he probably bills taxpayers for his favourite smoke , under food expense of course.
Comment by
Red_Deer on Nov 08, 2024 3:34pm
Hey BanShee__Just REALIZED That My BIGGEST Monthly INCOME is the $470 I Get From My PM WalkAbouts__And This is TAX FREE Unlike My PALTRY CPP