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captpierre

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Posts posted by captpierre

  1. 9 minutes ago, David Chong said:

    Hey Peter,

    You have to decide whether it’s worth it to you to have it or not! Cost for an annual subscription is around $30 annually! The SonarChart Shading gives a 3D look to your charts and you can also use the SonarCharts and colourized different depth ranges to make things stand out more! I know that even on lakes that I know very well, when I see a different chart, I usually notice something that I didn’t see before! But if you only fish one lake and figure you know it well enough then...😊😊😊

    Sounds like it’s worth a shot. At least for a year.  Thanks. 

  2. 2 hours ago, Big Cliff said:

    Well right now I am making 1.6% on a 1 year term not great but at least I am making and its guaranteed.  I feel sorry for the people who had their money in mutual funds and were relying on the income for retirement.

    GICs are great to allow you to sleep at night but really you’re still losing  money because the  inflation  rate is higher than 1.6%, especially after taxes. Good solid companies  pay a 4-6% annual  dividend and have the likely potential to appreciate in value. Plus capital gains and dividends are taxed less than interest. It takes discipline to resist buying stocks when the market is hot but wait for the inevitable correction to buy them on sale. 

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  3. The word is we’re having a temporary rally within a bear market.   I think there is more downside coming when the horrible economic news really hits home  

    If you’re brave, nibble away at hardest hit money making companies that pay a good dividend.   Banks, utilities, telecoms.  

    Eventually stocks will come back. Where else is capital going to go. 1% GICs?  😳

  4. Not sure it matters any more unless you’re patriotic. 

    You’d be hard pressed to find other than precision  equipment  not made in China.  

    Even Apple makes their phones there

    Chinese factories are amongst the most modern and high tech in the world.  

    pretty sure most if not all Shimano is not made in Japan any more. 

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