Here I go again. I hate with passion about 2 people who poison my life. I'm currently pretty impatient and I feel like I hate everybody around me.
More, I don't have anything to say about that fucking stock market. It looks like I've written everything.
Fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck fuck FUUUUUUUUUUUUUUUCCCCCCKKKKKKK!!!!!!
Talk about paying off your mortgage. I owe $124,000 on a $350,000 house. 10 year amortization left. 38 years old. Should I increase my payments to pay it off early or stretch them out and invest?
RépondreSupprimerI don't think anybody should pay down their mortgage as soon as possible given the current rates. You better invest, if you know how to do it right.
RépondreSupprimerI hope your friends and family will become more supportive of you.
RépondreSupprimerI am too poor to qualify for a mortgage, but I like the idea of having the ability to access synthetic portfolio leverage with a house mortgage - ie keep low personal leverage until massive market collapse like 2009 and then, at rock bottom interest rates (which lag the market), refinance the property to get extra liquidity to aggressively buy beat up stocks before major recovery. The mortgage would thus provide optionality and liquidity when it is most valuable. This should liberate more cash and bond into use in equity investment in the meantime with the added safety cushion in the house equity.
In terms of suggestions for future content, I would be very interested in learning about valuation, discounted cash flow models, industry valuation (see for example http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html BUT looking at Canadian data), portfolio management (how to create a DIY price/value spider scraper and Monte Carlo simulation for our holdings), risk protection/management, and misconceptions about investments (comparing / debunking dividend growth vs reinvestment and internal compounding, or "cheap" stocks with cyclical/impaired growth, using simulations or real data to help correct our biases / wrong intuition etc). These are very fascinating topics and very far from my education in life sciences or most people's basic education.
One day in the future, I would like to be able to precisely say X is expensive or I would pay Y for this company and sell at Z (or how much growth or decline current market price assumes for next year) or my portfolio will be worth A using current holdings with a B % probability risk of C % draw-down.
There are also company specific questions such as why do people like Boyd, Altus, Descartes, or FirstService even though at first glance they appear as permanently very expensive stocks... what assumptions do portfolio managers make and how do they adjust the ratios to justify accumulating these shares.
My portfolio is not doing well, I am behind on my school work, I am sick right now, and there are fewer shifts at work and looming layoffs and pay cuts starting next month. I hope you are all doing better and have a good upcoming week!