Comments on: Bank of Canada Rate Cut http://www.canadiancapitalist.com/bank-of-canada-rate-cut/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jess http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-111995 Jess Mon, 11 Feb 2008 11:53:09 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-111995 Cut of interest rates is good news. But banks will hardly miss a chance to earn money. So, they raise fees and payments. Citibank has already raised ( http://www.applyfast.com/CitiBank-Credit-Cards.php ) Cut of interest rates is good news. But banks will hardly miss a chance to earn money. So, they raise fees and payments. Citibank has already raised ( http://www.applyfast.com/CitiBank-Credit-Cards.php )

]]> By: Contest Winner, Rate Cut, and Other Good Reads - Jan 25, 2008 | Million Dollar Journey http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105692 Contest Winner, Rate Cut, and Other Good Reads - Jan 25, 2008 | Million Dollar Journey Fri, 25 Jan 2008 10:32:35 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105692 [...] postings about the rate cuts around the blogosphere were made by Consumerism Commentary, Canadian Capitalist and Quest for Four [...] [...] postings about the rate cuts around the blogosphere were made by Consumerism Commentary, Canadian Capitalist and Quest for Four [...]

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105059 Canadian Capitalist Wed, 23 Jan 2008 19:20:24 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105059 Phil: The only non-Canadian stock I hold is AIG. Everything else is indexed. I've been watching VWO and I'll be interested in it at lower prices. FJ: I don't own any energy names directly. I've owned CNQ at one point (bought at a split-adjusted $14 - and this one stock made up for all my misadventures with tech stocks) and I still hold the opinion that there are too many anglers fishing in that pond. Speaking of which, I hope TRP drops to the $34 range. Phil: The only non-Canadian stock I hold is AIG. Everything else is indexed. I’ve been watching VWO and I’ll be interested in it at lower prices.

FJ: I don’t own any energy names directly. I’ve owned CNQ at one point (bought at a split-adjusted $14 – and this one stock made up for all my misadventures with tech stocks) and I still hold the opinion that there are too many anglers fishing in that pond. Speaking of which, I hope TRP drops to the $34 range.

]]> By: FinancialJungle http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105043 FinancialJungle Wed, 23 Jan 2008 17:43:41 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105043 Energy stocks are getting hammered. I didn't think I'd ever see Suncor below $83, Talisman below $16 and CNQ below $60. Market sentiment sure is fickle. Wasn't it only a week or two ago when everyone was cheering the $100 oil? Energy stocks are getting hammered. I didn’t think I’d ever see Suncor below $83, Talisman below $16 and CNQ below $60. Market sentiment sure is fickle. Wasn’t it only a week or two ago when everyone was cheering the $100 oil?

]]> By: Phil S http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105041 Phil S Wed, 23 Jan 2008 17:32:26 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105041 FP. Nice sporting analogy! I like it! CC. I didn't realize how deeply invested I am in interest-sensitive stocks until now. My portfolio is skyrocketing despite the broader market tumbling. The reduction in lending rates appear to be raising earnings expectations from the REITs and mortgage lenders (which make up most of my portfolio). I just topped up my position in another American REIT with whatever leftover cash I had accumulated from distributions, but unfortunately, I'm pretty much 100% invested in my US portfolio. FP. Nice sporting analogy! I like it!

CC. I didn’t realize how deeply invested I am in interest-sensitive stocks until now. My portfolio is skyrocketing despite the broader market tumbling. The reduction in lending rates appear to be raising earnings expectations from the REITs and mortgage lenders (which make up most of my portfolio). I just topped up my position in another American REIT with whatever leftover cash I had accumulated from distributions, but unfortunately, I’m pretty much 100% invested in my US portfolio.

]]> By: FourPillars http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105022 FourPillars Wed, 23 Jan 2008 15:48:23 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105022 The Megellan fund is US based so Canadians can't buy it. I wouldn't sweat it - buying that fund is like buying season tickets for the Leafs or Habs because they used to be great. :) Mike The Megellan fund is US based so Canadians can’t buy it.

I wouldn’t sweat it – buying that fund is like buying season tickets for the Leafs or Habs because they used to be great. :)

Mike

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-105014 Canadian Capitalist Wed, 23 Jan 2008 15:04:30 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-105014 Looks like markets are falling again today. I'm hoping for a fire sale in VWO :) Dave: I don't follow mutual funds, so I have no idea when TDW will offer the Magellan fund. If you give them a call, maybe they can tell you when they'll offer the fund. Looks like markets are falling again today. I’m hoping for a fire sale in VWO :)

Dave: I don’t follow mutual funds, so I have no idea when TDW will offer the Magellan fund. If you give them a call, maybe they can tell you when they’ll offer the fund.

]]> By: Dave in Kanata http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-104869 Dave in Kanata Wed, 23 Jan 2008 03:39:58 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-104869 I did a "controlled" sell and sold most of my Emerging Market, Energy, and riskier ETF's last week. I kept my "core" ETF's including Canadian Financial, World Index, and my non-indexers including TD Monthly Income and - of course - my Berkshire Hathaway stock (which I intend to add to over the next few months considering how Buffet's stock seems to make amazing gains after a lull or drop in the general market). I am also intruigued that the Fidelity Magellan Fund is now accepting new customers. Though I normally don't invest in Mutual Funds (with the exception of the TD Monthly Income), the Magellan fund I think deserves a serious look in this time of turbulance. TD Waterhouse does not seem to offer it (yet?). Any guesses on if and when they might CC?? I did a “controlled” sell and sold most of my Emerging Market, Energy, and riskier ETF’s last week. I kept my “core” ETF’s including Canadian Financial, World Index, and my non-indexers including TD Monthly Income and – of course – my Berkshire Hathaway stock (which I intend to add to over the next few months considering how Buffet’s stock seems to make amazing gains after a lull or drop in the general market).

I am also intruigued that the Fidelity Magellan Fund is now accepting new customers. Though I normally don’t invest in Mutual Funds (with the exception of the TD Monthly Income), the Magellan fund I think deserves a serious look in this time of turbulance.

TD Waterhouse does not seem to offer it (yet?). Any guesses on if and when they might CC??

]]> By: Big Cajun Man http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-104863 Big Cajun Man Wed, 23 Jan 2008 02:09:42 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-104863 CC, that is very true. I actually completely went against my inner conservative investor, and bought MORE banks on Monday and I am glad I took the chance. The risk wasn't high but I knew I was buying something of value. CC, that is very true. I actually completely went against my inner conservative investor, and bought MORE banks on Monday and I am glad I took the chance. The risk wasn’t high but I knew I was buying something of value.

]]> By: MillionDollarJourney http://www.canadiancapitalist.com/bank-of-canada-rate-cut/#comment-104862 MillionDollarJourney Wed, 23 Jan 2008 02:03:34 +0000 http://www.canadiancapitalist.com/2008/01/22/bank-of-canada-rate-cut#comment-104862 Great post CC! I'm happy to see that the big banks lowered their prime to match. Great post CC! I’m happy to see that the big banks lowered their prime to match.

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