Comments on: Market Turmoil http://www.milliondollarjourney.com/market-turmoil.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 03:14:59 -0400 http://wordpress.org/?v=abc hourly 1 By: stock investing blogger http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-11450 stock investing blogger Sun, 02 Sep 2007 08:21:12 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-11450 As per me, the market turmoil is here to stay for some more days. At such situation from stock investing point of view it is really a great buy opportunity looking from at least 4 to 5 years perceptive, but from stock trading point of view, i will use every rise in my selected stock pick to sell. As per me, the market turmoil is here to stay for some more days. At such situation from stock investing point of view it is really a great buy opportunity looking from at least 4 to 5 years perceptive, but from stock trading point of view, i will use every rise in my selected stock pick to sell.

]]> By: August 2007 Net Worth Update (+0.11%) | Million Dollar Journey http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-11272 August 2007 Net Worth Update (+0.11%) | Million Dollar Journey Thu, 30 Aug 2007 07:31:26 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-11272 [...] going as smoothly as planned.  First I've had a ton of unexpected expenses followed by a market correction which started in late July.  The market correction has affected my August 2007 net worth [...]

[...] going as smoothly as planned.  First I've had a ton of unexpected expenses followed by a market correction which started in late July.  The market correction has affected my August 2007 net worth [...]

]]> By: moneygardener http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10563 moneygardener Sat, 18 Aug 2007 18:34:09 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10563 I describe the process that I use to value stocks in a couple posts on my blog (sorry for the plug) RY looks like good value below $52. I describe the process that I use to value stocks in a couple posts on my blog (sorry for the plug)

RY looks like good value below $52.

]]> By: Wiigal http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10520 Wiigal Fri, 17 Aug 2007 23:16:48 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10520 moneygardner, what price do you think is good buy price for RY? moneygardner, what price do you think is good buy price for RY?

]]> By: FrugalTrader http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10494 FrugalTrader Fri, 17 Aug 2007 11:13:45 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10494 moneygardner, would you mind telling us a little more about your analysis? moneygardner, would you mind telling us a little more about your analysis?

]]> By: moneygardener http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10484 moneygardener Fri, 17 Aug 2007 02:18:47 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10484 In my value analysis of the banks I follow BNS is the cheapest by far. My order goes BNS, RY, BMO, then TD. So far during this downturn I have initiated a position in BNS, and today I doubled my stake in Yellow Pages. In my value analysis of the banks I follow BNS is the cheapest by far. My order goes BNS, RY, BMO, then TD.

So far during this downturn I have initiated a position in BNS, and today I doubled my stake in Yellow Pages.

]]> By: WhereDoesAllMyMoneyGo.com http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10477 WhereDoesAllMyMoneyGo.com Thu, 16 Aug 2007 22:54:41 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10477 I think trying to time the exact bottom is a nerve-racking experience. I heard a lot of "don't try to catch a falling knife" comments from other brokers in my office. It was something else today, as the TSX was off almost 600 points by lunchtime but clawed back 410 of those point over the afternoon. So if it's all uphill from here (who knows) then the exact bottom was right when I was ordering lunch today... :) I can tell you the analyst calls from the streets and overseas are predicting more fear based selling, coupled with programmed-trading triggers - although fundamentals are still firm. Personally, I'm waiting until we lose the volatility before buying - I don't mind missing 2% to 3% of the first part of the next uptrend - long run it doesn't make much difference. I think it is quite possible for more losses next week - so, to re-iterate, I'm having all my clients hold off until we have some stability and a clear signal we are through the madness. I would point out that the yield on Yellow Pages is over 8.5%... do your own due diligence however. But personally, that's tops on my list. I think trying to time the exact bottom is a nerve-racking experience. I heard a lot of “don’t try to catch a falling knife” comments from other brokers in my office. It was something else today, as the TSX was off almost 600 points by lunchtime but clawed back 410 of those point over the afternoon. So if it’s all uphill from here (who knows) then the exact bottom was right when I was ordering lunch today… :)

I can tell you the analyst calls from the streets and overseas are predicting more fear based selling, coupled with programmed-trading triggers – although fundamentals are still firm. Personally, I’m waiting until we lose the volatility before buying – I don’t mind missing 2% to 3% of the first part of the next uptrend – long run it doesn’t make much difference. I think it is quite possible for more losses next week – so, to re-iterate, I’m having all my clients hold off until we have some stability and a clear signal we are through the madness.

I would point out that the yield on Yellow Pages is over 8.5%… do your own due diligence however. But personally, that’s tops on my list.

]]> By: nobleea http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10458 nobleea Thu, 16 Aug 2007 18:03:29 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10458 Certainly capitulation today. This is when you buy. I sold some stocks that were only down a bit to put the money in stocks that were down a lot (for no reason). I invest primarily in the precious metals stocks, so amplify the general market volatility by a factor of 2 at least. I'm not really concerned though. Certainly capitulation today. This is when you buy. I sold some stocks that were only down a bit to put the money in stocks that were down a lot (for no reason). I invest primarily in the precious metals stocks, so amplify the general market volatility by a factor of 2 at least.
I’m not really concerned though.

]]> By: Q Cash http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10450 Q Cash Thu, 16 Aug 2007 17:36:49 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10450 Time to buy. I have been sitting on a little cash that I wanted to purchase some more dividend producing and income generating stocks and funds. Today is the day. My intention is to spread it around the banks and a few income trusts. We will see how it pans out. Q Time to buy.

I have been sitting on a little cash that I wanted to purchase some more dividend producing and income generating stocks and funds.

Today is the day. My intention is to spread it around the banks and a few income trusts.

We will see how it pans out.

Q

]]> By: Average Joe http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10447 Average Joe Thu, 16 Aug 2007 16:58:24 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10447 I basically use 3 methods to determine a model price: average high dividend yield, Graham number, and a discounted present value calculation. I had BMO, RY and NA selling at a discount. I had BNS and TD still too expensive. However, with today's current drop, BNS is just now coming into buy range as well. Feel free to drop by http://www.dividendsmatter.com to see my methodology and my model prices. (Sorry for the plug) I basically use 3 methods to determine a model price: average high dividend yield, Graham number, and a discounted present value calculation.

I had BMO, RY and NA selling at a discount. I had BNS and TD still too expensive. However, with today’s current drop, BNS is just now coming into buy range as well.

Feel free to drop by http://www.dividendsmatter.com to see my methodology and my model prices. (Sorry for the plug)

]]> By: The Financial Blogger http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10445 The Financial Blogger Thu, 16 Aug 2007 16:45:10 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10445 Average Joe, would you mind sharing your analysis? I am sure that there is a lot of people that might be interested in these. thx! FB. Average Joe, would you mind sharing your analysis? I am sure that there is a lot of people that might be interested in these.

thx!
FB.

]]> By: FrugalTrader http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10444 FrugalTrader Thu, 16 Aug 2007 16:12:16 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10444 From you analysis, which ones would you consider a discount? What criteria do you use to determine if a stock is selling at a discount? From you analysis, which ones would you consider a discount? What criteria do you use to determine if a stock is selling at a discount?

]]> By: Average Joe http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10443 Average Joe Thu, 16 Aug 2007 16:10:43 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10443 In recent weeks, I have been concentrating my analysis on financials (both Canada, the US and internationally). I agree that there are some good opportunities available. I have just recently finished analyzing TD and RY. But I have done BNS, BMO and NA a few weeks earlier. My analysis shows that some of these stocks are still overpriced even with this correction. But others seem to be selling at a discount. In recent weeks, I have been concentrating my analysis on financials (both Canada, the US and internationally). I agree that there are some good opportunities available.

I have just recently finished analyzing TD and RY. But I have done BNS, BMO and NA a few weeks earlier.

My analysis shows that some of these stocks are still overpriced even with this correction. But others seem to be selling at a discount.

]]> By: Qubikal http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10441 Qubikal Thu, 16 Aug 2007 16:01:31 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10441 i'm getting ready to jump out of my office window. (j/k). Unfortunately, i'm only working on the first floor of the building. Working on the smith maneuover, so hopefully the averaging down will help the gains in the future. It's a rough ride, just stick with it... i’m getting ready to jump out of my office window. (j/k). Unfortunately, i’m only working on the first floor of the building.

Working on the smith maneuover, so hopefully the averaging down will help the gains in the future.

It’s a rough ride, just stick with it…

]]> By: The Financial Blogger http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10427 The Financial Blogger Thu, 16 Aug 2007 11:22:55 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10427 FT, My only regret is that I do not have much money to invest right now. This is definitely a good timing to average down your price on many stocks. This is one of the advantage of the Smith Manoeuvre or other periodic investment methods, you never buy too much at a high price and you average down when market is falling. It is funny that you pointed that banks would be good stocks to buy as I am preparing a post for tomorrow on banks stocks ;-) FT,
My only regret is that I do not have much money to invest right now. This is definitely a good timing to average down your price on many stocks. This is one of the advantage of the Smith Manoeuvre or other periodic investment methods, you never buy too much at a high price and you average down when market is falling.

It is funny that you pointed that banks would be good stocks to buy as I am preparing a post for tomorrow on banks stocks ;-)

]]> By: Gates VP http://www.milliondollarjourney.com/market-turmoil.htm/comment-page-1#comment-10425 Gates VP Thu, 16 Aug 2007 08:52:25 +0000 http://www.milliondollarjourney.com/market-turmoil.htm#comment-10425 Nah, it's a big slide, I called it two months ago elsewhere, but I failed to called my broker. They're not doing a great job to start with, but I really don't have much invested so they've pretty much failed the three-year test (underperformed in an upward market, lost big in a downward market, I could've done that myself). I noticed the chart, but I wanted to provide a morsel of "technical analysis" that I picked up, but that Google does not offer (try BigCharts.ca). When charting, use the "semi-log" scale. Right now, the difference between 55 and 50 is the same as 30 and 25 (you're an engineer, I know that you know what I'm talking about :). Semi-log at least let's you see movement in relative percentages which is really what we care about. That drop looks much smaller in semi-log (and it is smaller percentage-wise). Aside from my TA advice (son of an analyst), I'm behind you on the bank idea, they've just jacked up their rates, they print their own money, they were already on the comeback yesterday. Of course, the CAD took a hit, which is likely very temporary. Personally, for the next few years, I'm sideways on Canada and bearish on the States. There may be money to be had in the States, but I'd much rather invest elsewhere where new wealth is being created in large sums. Of course, once I dump my broker, I'll have to research some more details :) Nah, it’s a big slide, I called it two months ago elsewhere, but I failed to called my broker. They’re not doing a great job to start with, but I really don’t have much invested so they’ve pretty much failed the three-year test (underperformed in an upward market, lost big in a downward market, I could’ve done that myself).

I noticed the chart, but I wanted to provide a morsel of “technical analysis” that I picked up, but that Google does not offer (try BigCharts.ca). When charting, use the “semi-log” scale. Right now, the difference between 55 and 50 is the same as 30 and 25 (you’re an engineer, I know that you know what I’m talking about :). Semi-log at least let’s you see movement in relative percentages which is really what we care about. That drop looks much smaller in semi-log (and it is smaller percentage-wise).

Aside from my TA advice (son of an analyst), I’m behind you on the bank idea, they’ve just jacked up their rates, they print their own money, they were already on the comeback yesterday. Of course, the CAD took a hit, which is likely very temporary. Personally, for the next few years, I’m sideways on Canada and bearish on the States.

There may be money to be had in the States, but I’d much rather invest elsewhere where new wealth is being created in large sums. Of course, once I dump my broker, I’ll have to research some more details :)

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