So, what was/is your strategy?
Trust fund baby? Billionaire real estate mogul? Day trader/Chipendales dancer by night?
Ladder up condo gains 2003-2009. Buy teardown in RT-4 in EastVan and build on it ~$170/sq ft (when the dollar was high). Move from consulting to position w/defined pension. Take some East Van equity to buy fraser valley rental house in 2014, sell in June 2016. Plow proceeds into TFSA's. Convert deadbeat mutual funds with high MER's into REIT and utility ETF's.
Rest has been a range of plays from Magna (sold on Monday for $42.20) to Neo Lithium (sold at $1.91 to some Gold jrs. Strategy now is to up cash fraction to 25% to be ready for some key stocks to go on sale post election or post Dec rate hike.
- if I can't beat my mortgage lender's rate in the TFSA's, I'm doing something wrong. So in no hurry to divert funds for the bear's badge of honour.
- If you hold a stock that did better than SPY last Friday, you're in trouble come rate hike time when the opposite happens. Dump it before Yellen really pulls trigger.