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Discussion Starter #1 (Edited)
Well, for discussion, what is everyone up to... ?

With all the market turmoil, I used RRSP, TFSA & cash contributions to buy into the turmoil like a week+ ago. Aligning purchases to meet my rebalance. A few days ago I did 2 things, I rebalanced down some gold (mostly into equities), and swapped XLB for ZFL, and my VAB for ZPL - this was the day before all the rate cuts.... my allocations are again out of wack.... but I am planning to wait to do anything until I get confident our # of infected persons is starting to flatten out.

This will be measurable from here : (lots of sources in reality)
https://yula.ca/progress-of-covid-19-in-alberta-canada/

I also want to see measures/rules increase weekly/daily that force(s) increased isolation with our society. I dont feel that the number of infected will flatten (peak) without forced change on how our society behaves.

Right now my wife and I are at home just hanging out with 3 kids.... trying to not go out if we dont need to...
 

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You could rebalance, personally I'm going to take a nap. Maybe I'll ask my bank for the mortgage holiday next week.
 

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+1 ... only longer. Is it correct that we don't have to file individual tax until June 1st? I just caught a glimpse of this from a long list of support coming from the Feds. If true, then I'm going to take a longer nap as who's the mood to rush to file or is the Fed eager to give us a refund?
 

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Looking for distractions. I'm going to work on my son's house, then paint the family room, watch some netflix and see if I can get motivated enough to ride the exercise bike.

Not making any investment moves until the virus is on the decline in NA and the market stops gyrating. Also going to make an effort to stop looking at markets on a daily basis.

And staying home as much as possible. For sure not going to Costco for the next few weeks (the epicenter for virus transmission now that casinos are closed).
 

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Chores - Getting caught up on home projects, car/bike maint and work admin/reports/telecons

Taxes - In my non-reg I swapped some similar stocks like BNS for TD to lock in a tax loss.

Rebalancing - I've been getting increasingly cash heavy for years and sold off a lot in Feb I intended to sell anyways. Now I'm planning what I want to DCA into over the next months. Might start pulling the trigger on things that have been on my watchlist for years

Entertainment - Lots of free live concerts streaming online due to cancelled shows. Last night Dropkick Murphys St Patrick's concert. Lots of artists and entertainers are streaming free "quarantine" shows now from home.

Exercise - Trail jogging and simple core training. Weather here has been perfect for training but still too cold for the infected tourists

Food - Trying some new simple recipes. Made naan bread and hummus. Homebrewing ginger lemon kombucha. Rewarding and cost saving, should dedicate more time here. Need to venture out for fresh produce soon (delivery costs $10 meh)

In general these are the golden days for introverts. I do worry how my extrovert friends are coping
 

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Since I've been away a while, first task is to assess my cash holdings, make sure my cash and liquidity is solid and generally update my balance sheet and accounts. Time to learn what the damage is.

Have to pay my US taxes, and then file an FBAR disclosure which is a ton of work.

Going to take some naps.

Haven't started on my Canadian taxes yet, so that's an obvious task.

I'm going to get in touch with my work partners spread out around the world and check up on them. See how they are doing, how their health is. We have a project in flight but not sure what everyone's status is... lots to do here and I don't even know if everyone is well.

I need to renew my NEXUS card.

I also have a book that I'm slowly getting through. Lots of things to do.
 

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I think that was a good move. XLB has a lot of credit risk whereas ZFL is more pure government. Higher credit quality seems right for this environment.
This has been quite the learning experience for bonds. VAB in my registered accounts seems to be holding up while ZDB in taxable dropped abruptly
 

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This has been quite the learning experience for bonds. VAB in my registered accounts seems to be holding up while ZDB in taxable dropped abruptly
I think what's happened is that (due to turmoil in corporate bonds) all of these bond ETFs are basically flying around with no firm NAV or pricing. That's my best guess, after a couple conversations with Bay Street contacts.

In other words, nobody really knows how to price the bond ETFs right now. Today it seems VAB, ZAG, XBB are all plummeting.

Other things have gone haywire too. A couple days ago HBB (the Horizons bond ETF) plummeted very dramatically, then rebounded, and is currently doing better than the regular ones (VAB, ZAG etc).

All seems like massive instability and broken pricing to me.

I'm not really sure what the lesson is, other than: it turns out that bond ETFs can be a lot riskier than we all assumed. Curious what you think as well... I doubt anyone knows what's going on with these.

The same thing is happening with AGG in the US so I don't think it's Canada specific. Either way, really bad news.
 

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Me?

Just had our first baby!...

Wife stopped working and me off with no salary for a month...

Lost half of my money in the stock market...

Employer might be on shaky ground now...

Typical month really :smiley_simmons:
 

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Congrats peterk!

Sorry to hear about the losses. I think we're all in the same boat, for what good that does us (but you are not alone).
 

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We're not all in the same boat -- my baby is 22.

Congrats, and thanks for putting the markets back into perspective.
 

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^ Thank you!! :) We are super happy to be self isolating anyways by the circumstances. Just quick runs to grocery store and short walks around the block was the plan all along for this month.

Hopefully things stay "OK" and this is just a temporary crisis.

Even if half the money goes away, as long as I don't lose my job it'll be fine...

and even if I lose my job, we have a lot of cash savings to hold us over - Plus we just rent, so won't have an unsellable house to deal with.

*Knocks on wood*


Actually both me and wife were born in '87, so economic crisis babies apparently run in the family. From chats with our parents, it sounds like we're still better off than they were at the time :encouragement:
 

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Actually both me and wife were born in '87, so economic crisis babies apparently run in the family. From chats with our parents, it sounds like we're still better off than they were at the time :encouragement:
PLEASE let us know the next time your wife is pregnant!
 

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We are busy today preparing the boat for an extended absence, wiping everything down with vinegar to control mold, putting out cockroach traps, stowing sails & lines etc. Not sure if our plans to sail her back to BC this summer will be viable. We fly out tonite.

Our sailing friends have loaded up their boat for 6 months and are leaving tomorrow for the Kiribati area atolls (1000 miles from anywhere) to wait things out fishing & diving...no internet etc.

I'm very jealous.
 

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Discussion Starter #16
We are busy today preparing the boat for an extended absence, wiping everything down with vinegar to control mold, putting out cockroach traps, stowing sails & lines etc. Not sure if our plans to sail her back to BC this summer will be viable. We fly out tonite.

Our sailing friends have loaded up their boat for 6 months and are leaving tomorrow for the Kiribati area atolls (1000 miles from anywhere) to wait things out fishing & diving...no internet etc.

I'm very jealous.
I would also love to take a sailing trip and just turn off the world.... where abouts is your boat parked and its ocean capable ?

With a young family its not in the cards for me for a very long time....
 

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I would also love to take a sailing trip and just turn off the world.... where abouts is your boat parked and its ocean capable ?

With a young family its not in the cards for me for a very long time....
Lots of young families out cruising & home schooling...their kids seem somehow more intelligent/capable from non cruising kids, and once borders open up the cost of entry to cruising is not too high.

I'm in Oahu at the Ko Olina area...pretty nice. My boat is bluewater capable and has gone from BC- Mexico-Polynesia-Hawaii in the last few years. No big deal really, even for a guy from the prairies.

Where I'm at several boats are changing their plans...Polynesia is out for most as is sailing back to the mainland,as Canada is the first stop from here and borders are closed.

Boat next to me is 2 Canadians in their 70's...they have changed their plans of sailing home to BC in spring...instead they intend to go anchor in Hanalei Bay Kauai .

Another boat from New Zealand will be staying in Oahu here but anchoring out once spring comes around...plans for Tonga are over as that nation closed its borders to all.
 

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Eder is living the dream

There's quite a few sailing families w younglings on youtube. Good way to get an idea for the lifestyle from self quarantine

I wonder if countries will be relaxing visa extensions now that travel is being so restricted
 

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Chores - Getting caught up on home projects, car/bike maint and work admin/reports/telecons

Taxes - In my non-reg I swapped some similar stocks like BNS for TD to lock in a tax loss.

Rebalancing - I've been getting increasingly cash heavy for years and sold off a lot in Feb I intended to sell anyways. Now I'm planning what I want to DCA into over the next months. Might start pulling the trigger on things that have been on my watchlist for years

Entertainment - Lots of free live concerts streaming online due to cancelled shows. Last night Dropkick Murphys St Patrick's concert. Lots of artists and entertainers are streaming free "quarantine" shows now from home.

Exercise - Trail jogging and simple core training. Weather here has been perfect for training but still too cold for the infected tourists

Food - Trying some new simple recipes. Made naan bread and hummus. Homebrewing ginger lemon kombucha. Rewarding and cost saving, should dedicate more time here. Need to venture out for fresh produce soon (delivery costs $10 meh)

In general these are the golden days for introverts. I do worry how my extrovert friends are coping
Dropkick Murphys :kiwi-fruit: definitely will be looking for that. https://www.youtube.com/watch?v=x-64CaD8GXw
 
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