Just exited Rim for a 20 percent profit. Also YRI for same. With the RIM money bought gwo. Yri still in cash. Anyone got any pics?
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What the f to invest in???
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Hopper: Where do you find the time and energy to manage your money. I've complained bitterly about those "F"en mutual funds. I think it is a lazy mans way of investing and if I am not willing to commit the time and energy into managing my own portfolio maybe I don't have the right to bitch about the mutual funds performances. I find I'm busy enough just farming and managing it let alone trying to wear yet another hat............. . Good for you and I hope your account grows exponentially!!!!!!!!!!
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I was told this a few years ago and it realy struck home and has since paid dividends - 'Invest in youself'
Hopper you are very confident and good at what you do - where else on earth can you find that today??? Farmers need to trust themselvse alot more. No better place on earth for the next ten years than in your own dirt. fu## the markets - it's a lost cause with people who know no more than you do.
Buffet only invested in people who run compamies not companies who run people.(West jet compared to Air Can)
Why is Jim Rogers "the investor of all" throwin money at Ag and commodities? Most people left in the game know their ship...
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Lol,i just spent a bunch of time looking for an etf to short canadian real-estate.
This is one of the scariest interviews i have ever watched.
And one of the reasons i lost my cool yesterday,sorry.
It is by john crow,former bank of canada governor among other things.
He is a man in the know,and hie demeneaner sent shivers up my spine.
http://watch.bnn.ca/wednesday#clip525166
There is 2 parts.
Im 99% sure canadas housing bubble is going to pop or opping as we speak.
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Like the salesman keeps saying I am amazed that you guys keep buying these new machines. Amazes me when people buy used houses that need a shit load of work for not much less than building new. I will refuse to let the Mutual fund and etf managers **** me. I just exitted my gold stocks for a cool 30 percent profit in less than a year. Looking for a dividend paying stock that is down at the moment. Eye on bmo, gwo, ba. Also looking at companies involved in Natural gas exploration and drilling. CNH is down and should have upside potential. Almost bought into tre but possibly glad I did not get there cause they have been suspended from trading at the moment. Asian company growing trees for lumber furniture, lots of acres currently under question wheather they own them or not.
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Might want to rethink yamana,the hui index breached 600 which many where looking for.
This maybe the catalyst for the companies to start out performing the actual.I'm seriously considering liquidating my paper but
8.07% on the day makes the desicion tough.
But investing in something thats already moved so far so fast is not for the faint of heart.
Side note a pile of money has been steadily moving into gas juniors,with the bmo etf index sitting at #5 on the top performing
funds.
Iv'e been watching this closely for a few months and agree with your gas call,however the index's of some of your other
companies are fatally flawed,i would put a short on all the canadian banks if there where no such think as cmhc.
imo nia dyodd
http://2.bp.blogspot.com/-HROxJqZuHsc/TmEXpoZiGWI/AAAAAAAAAmw/NcA_jVPut4k/s1600/snapshot-874.png
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some banking news from rueters.
Canada banks face storm clouds after good quarter
* Canada bank profits surprisingly strong in Q3
* Loan growth seen drying up
By Cameron French
TORONTO, Sept 1 (Reuters) - Gloomier times are ahead for Canada's resilient banks, which stayed strong through the financial crisis and beyond and which largely beat analysts' expectations with their third-quarter results.
The banks impressed investors with strong loan growth and wealth management revenue in their most recent results ReutersLink ID='ID:nN1E78013D' /. But analysts expect narrow lending margins and increased caution by already overstretched borrowers to weigh on earnings growth in the months ahead.
"The next four quarters will not be as powerful as the last four quarters for the sector," said CIBC World Markets analyst Robert Sedran.
Canada's banking sector is dominated by a half dozen big banks which are both protected from foreign takeovers and prevented from merging with each other. They generate billions in profits from their domestic branch-bank businesses and required no bailouts during the 2008-09 crisis.
Analysts had expected weaker loan growth to start to bite in the third quarter, which ended on July 31. But it rarely pays to bet against Canada's banks, and the lenders surprised with strong performances in their Canadian and U.S. retail operations.
Toronto-Dominion Bank TD.TO -- which owns vast branch networks in both Canada and the United States -- capped off reporting period for the big banks with a better than expected profit on Thursday. ReutersLink ID='ID:nN1E77U1CO' /
It earned C$1.72 a share profit, compared with analysts' estimates of a C$1.62 a share profit, and net profit rose 23 percent to C$1.45 billion ($1.48 billion).
BORROWING TO DRY UP
But Canada's No. 2 lender said earnings growth should moderate in coming quarters due to slower loan volume growth and margin pressure. "Obviously there's a lot of uncertainly given what's going on in the world," said Chief Financial Officer Colleen Johnston.
Europe's banks are in the grip of a debt crisis, while U.S. banks are selling assets to build up capital.
Even Canada, which has ridden a strong housing sector to a relatively even-keel economic performance over the past two years, experienced an unexpected economic contraction in the second quarter, data this week showed.
Through it all, Canadians have kept borrowing, enticed by rock bottom interest rates that have proven a double-edged sword for the banks.
Profits from strong loan growth is partially offset by the low rates charged. With central banks in Canada and the United States both seen holding rates low fore the foreseeable future, margins are expected to continue to narrow.
And with Canadians carrying record debt, observers say mortgage and credit card lending growth will likely stall and business lending may not make up the shortfall.
"Most banks are talking lower levels of loan growth as we go through the rest of the year," said Juliette John, a portfolio manager at Bissett Investment Management in Calgary.
The results this quarter have helped drive Canadian financial stocks up by more than 7 percent since reporting began, against a 5.8 percent rise for the broader market.
Along with TD, Bank of Montreal BMO.TO, Bank of Nova Scotia BNS.TO, Canadian Imperial Bank of Commerce CM.TO and National Bank of Canada NA.TO all topped analysts' estimates.
Royal Bank of Canada RY.TO, the country's biggest lender, was the only one to miss estimates, as market volatility hit its proportionally large capital markets division.
That's the weaker trend that many observers had expected to take hold in the current earnings period.
"I hadn't expected too much (profit) this quarter, so I may have been one quarter too early," said John Kinsey, a portfolio manager at Caldwell Securities in Toronto. ($1=$0.98 Canadian) (Reporting by Cameron French; editing by Janet Guttsman)
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