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Discussion Starter · #1 ·
There was a post about this just before Xmas and I remember some members complaining about the sudden drop in thier investments. Since last Sept I'm down at least $9 g's on 80 g's

anyone else getting pissed about this
 

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just talked to my buddy about this a few minutes ago actually. said he's writing letter's to all his clients about why they all have lost 10% last year.. I joked that he should prepare one for this year ahead of time... he agreed.. there's not much you can do, but his analogy is if you're on a flight to florida and you start hitting some turbulance, do you jump out of the plane? ask the pilot to go back? or buckle up and ride it out? lol

not pretty.. my pops has been calling this for a long time (too long probably) and seems to be sitting pretty with his large investment in gold and other precious metals, but he's insane...

I'm sticking to insurance for now.. dont have to tell the client all their money they saved for the last 3 years is gone and it will take them 3 more just to recover from this past year..

busy winter so far RR? lol
 

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Discussion Starter · #4 ·
Called the bank about 20 min's ago, got the managers voicemail - I was "HOT"

got a call about 3 min's later, guys coming to the house first thing Monday morning Hmmmm Never got that before

Says they have a fund that if we move into now buying at low value and keep locked in til 2015 we'll recoup very quickly

whatever :blink:

these bankers are worse than used car salesmen I swear
 

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Called the bank about 20 min's ago, got the managers voicemail - I was "HOT"

got a call about 3 min's later, guys coming to the house first thing Monday morning Hmmmm Never got that before

Says they have a fund that if we move into now buying at low value and keep locked in til 2015 we'll recoup very quickly

whatever :blink:

these bankers are worse than used car salesmen I swear[/b]
I'm not a fan of the bank. if you can try and sit down with an independant investment advisor

assente is a good group, but ask your friends who manages their money.. and there are plenty of other independants that will work harder for you than the bank - they also provide more customer service and create a "relationship" where the bank sends out someone you've never met and has no idea who you are or what you need.

JMO
 

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Worst part is if your invested in mutual funds you actually lose another 2.5 - 3% more than the market loss due to the funds MER charges per year. (assuming your in Canada)
Nice work for the fund companies, win or lose you pay the MER. They can't lose.
This is unique to Canada we allow ourselves to be sheared like sheep. Other countries consider these fees legalized robbery.
Look into ETF's they operate the same yet average MER is >.5% - (1/2 of 1%)
 

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Worst part is if your invested in mutual funds you actually lose another 2.5 - 3% more than the market loss due to the funds MER charges per year. (assuming your in Canada)
Nice work for the fund companies, win or lose you pay the MER. They can't lose.
This is unique to Canada we allow ourselves to be sheared like sheep. Other countries consider these fees legalized robbery.
Look into ETF's they operate the same yet average MER is >.5% - (1/2 of 1%)[/b]
:werd: but you also have brokers who transact the $hit out of your portfolio, then you take a hit every trade.. it goes both ways.
that's why its good to have someone you trust and who knows you and your needs. :thumbsup:
 

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Most who hold mutual funds trade very little if at all. 2.5% MER on 80K is $2,000 win or lose. At 9.99/trade flat rate available almost anywhere is alot of trades ...
If you do some research you will find that 80% of fund managers don't beat the index every year. If a manager beats the index in any given year (which you don't know until the year is done) it is a virtual certainty they will not beat it for the following years.
Details regarding this can be found by googling 'the couch potato method' of investing.

http://www.canadianbusiness.com/my_money/i...405_152254_1452
 

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Discussion Starter · #10 ·
I was always told that if you can't afford to lose money, don't play the markets. I guess it's kinda like Vegas.[/b]

Trust me , unless totally wacked out on CIALIS I couldn't possibly loose this much coin in Vegas ( but then again...... )


these are RRSP's bro, this isn't the stock market, this is "supposed" to be somewhat safe investing ??
 

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My BMOs are not doing good either. US funds are taking a hit right now.

My wife likes GIC's she's pretty conservative. I may buy some of these this year.
 

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The only thing I would be in right now is oil/gas and gold/precious metals.

I agree, while there's nothing you can do (other than sell at a loss) this constant decline is a real piss off. Is it really THAT bad out there in the global economy?? Oil consumption is at an all time record high.... Oil is still selling for $91/barrel. India and Asia's economies are growing at like 9-10% annually, so the US shits it's bed but we all get sprayed.

Right now it's a mob mentality and everyone is just unloading at whatever cost because they are scared for some reason.

There are 2 things that drive the stock markets - fear & greed.

If they are RRSP's and you don't need them then don't worry about them. They will have recovered in a year or two and you will have forgotten about this whole thing.

And fianlly, to answer your question - yes, I too have lost a pretty penny on paper thus far and it fukking sucks!! :wall:
 
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:popcorn: This should be interesting.[/b]

Maybe you could give some insight? I don't really care where my rrsp's are at on a daily basis I am in it for the long term but in the last year they have only covered the management fees, however because the unit value of the mutual fund has declined I now buy more units with the same money and when a turnaround happens I will see those gains back that I previously lost.
 

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Down huge on paper as well here. Panic selling is fueling this, DONT SELL if you dont have to just ride it out baby. If you must dump stock out of fear your only adding to the fire and someone with loose cash will gladly buy up your stock at these ridiculous prices. My advise is flip the couch for change, rob the piggy bank and gooble up shares early next week... but when is it over? ahhh thats the question....
 

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if investors could tell you 100% where to put your money to make money, would they really be working for an investment company or investing their own money?

Really it''s only paper value, like someone said above, might as well stick it out. Our $ has slid about 4cents in the last week or so (not compared to the usd) but compared to the Euro ect.

My bet, it will only get worse. Same thing happened about 5 years ago but dropped more like 35%, but came back up and more.
 

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According to my year end statement.
Those that invested globally LOST about 8% YTD.
Those that invested in Canadian Equity GAINED 5.7% YTD.

Glad I put my money again into Canada. Been like that for years, nice steady 4-6% average.

Investing elsewhere gives you a chance of big returns.....but also a big loss quite quick.
 

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Discussion Starter · #18 ·
agreed snow where?

years ago was advised keep your money with the banks, its far safer and put your money into US growth

looking back now I'd like to ^&*%^%$ the *&&*^%^&$ that advised the above but that would include pretty much anyone at the time
 

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If you have your money invested in good quality funds leave it alone if you got the time. Worst thing you can do is try to time the market. Some will do ok by doing this but you will need lots of time following the markets and researching. I can tell you all that none of you that are reading this post have the time. Why? because all your spare time is spent on this site or riding your machine.
 

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If your fund trades in US cash that's a 15% loss on exchange rate this year. If your funds are indexed to the TSX you've lost the last 10 months of gains on top of the currency loss. But at least we can buy cheap ski-doos across the border.
 
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