I sold off everything on margin. My RRSP contributions for the 2022 tax year will be enough to offset the taxable capital gains.

In the past year I received approx 10K of dividends from my investments held on margin and paid 3K in interest. The income is taxable obviously but most are eligible dividends so at a favourable rate and the interest is deductible at my marginal rate. Also got the appreciation of the stock itself.

With all that said, although my margin rate has not increased, the use of margin at this time has added unnecessary stress to daily life. If I see an opportunity to deploy funds again ill use it.

This post was edited by SBD on Feb 7 2022 03:04pm

Most of the losses over the last month have recovered for me

BAMA just carrying my portfolio.

its one of my forever holds

Marijuana stocks are catching a bid. The cash situation is good, interest expenses are falling, and there's obvious growth ahead of legalization. Value is now; everyone dumped these guys after the speculative bubble burst last year.

I remember SMG being my pick multiple years ago now. I can recall selling it in 2019 for around $88. I see its at 142 today and has a 52-week high of 252.

Whenever there's a fad / speculative pump I typically pick well established companies that dabble in that fad sector but have other well established segments that actually generate net income.

For instance, my reopening pick for an airline during the COVID crash was ONEX since yes they own WestJet but they also own many other businesses that didn't experience the same downturn.

This post was edited by SBD on Feb 10 2022 11:56am

Dipped into my pocket today after only selling the past one or two weeks ... added a share of TSLA and 25 shares OWLT.

Anyone buying PYPL yet

Ouch

Elon Musk compared Trudeau to Hitler in a deleted tweet and that crashed $Tsla

This post was edited by KrWWW on Feb 17 2022 03:34pm

Elon musk compared elon musk to trudeau wut