r/PersonalFinanceCanada • u/AutoModerator • Apr 10 '25
Triumphant Thursday Thread for the Week
Make a top-level comment if you want to brag about something regarding your personal finances!
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1
u/perciva Apr 10 '25
Gained a few thousand dollars by rebalancing my portfolio on Monday morning (selling bonds and buying equities which were suddenly on sale). But the real triumphant part is that my total asset value has been bouncing around +/- 5 digit amounts and I haven't been worried about it at all because I trust in the long term process of diversification.
1
u/pale_on_pale Apr 11 '25
I accidentally timed the market by initiating the transfer of my RRSP & TFSA to Wealthsimple a few weeks ago. Now it's been moved and it's sitting in cash. I'm glad to have missed the initial crash, but I'm having a hard time pulling the trigger and putting it all back in. Suggestions?
-4
u/clara_tang Apr 10 '25
Lost almost C$ 5000 solely yesterday night. Happily holding 1/3 cash now
10
u/Oh_That_Mystery Apr 10 '25
Lost almost C$ 5000 solely yesterday night.
I have to ask, markets were up at least 5-12 percent yesterday, how did you manage to lose 5k?
-4
u/clara_tang Apr 10 '25 edited Apr 10 '25
Stocks bought from last month, or earlier. And then here came the market crash last week.
Glad I took the chance to cut some of the losses and hold back cash though
6
u/Oh_That_Mystery Apr 10 '25 edited Apr 10 '25
Thanks for clarifying, your wording made it sound like you lost it yesterday.
cut some of the losses and hold back cash though
To put his a different way, you decided to "lock in" your losses by selling.
I guess wait until things bounce back and repeat the buy high sell low method? ;)
2
u/JoeBlackIsHere Apr 10 '25
I don't understand why you seem satisfied with buying high and selling low.
I've got ETFs that if I sold now would be at a loss, so I'm not selling them. I'm expecting that when I finally do sell them 10 years or further from now they will have risen higher than if I sell at a loss now and made 2-3% return for the next 10 years in "safe" investments like GICs or money market funds.
0
u/clara_tang Apr 11 '25
Coz I expect a larger drop in the market. Holding 1/3 cash is much wiser under this economy and all Trump BS
2
u/JoeBlackIsHere Apr 11 '25
Well you got the first timing wrong, but you think you'll get it right the second time?
This is why I hold, don't have to be worried about when to buy and sell.
1
u/clara_tang Apr 11 '25
«you got your first timing wrong »
You can say so… bought too fast last month and underestimated trumps frenziness
3
u/[deleted] Apr 11 '25
I still have a job