Author Topic: rrsp (canadian)  (Read 1612 times)

Silverwood

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rrsp (canadian)
« on: September 24, 2015, 06:44:22 PM »
So I don't know how to Google this simple question.


Basically I decided to go high risk on one of my rrsp accounts. Except even tho I'm putting money into it every 2 weeks it's now gone down.  Lol I'm in it for the long run so I expected this. 

  I'm still buying units or stock but it's just not worth as much right now?


DaveR

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Re: rrsp (canadian)
« Reply #1 on: September 24, 2015, 07:08:45 PM »
Equities went on sale a few weeks ago, something like an 8 or 9% discount from before. Stock up. They could be even cheaper next week, so be ready to buy more.

daverobev

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Re: rrsp (canadian)
« Reply #2 on: September 24, 2015, 07:40:01 PM »
So I don't know how to Google this simple question.


Basically I decided to go high risk on one of my rrsp accounts. Except even tho I'm putting money into it every 2 weeks it's now gone down.  Lol I'm in it for the long run so I expected this. 

  I'm still buying units or stock but it's just not worth as much right now?

Bread was $2.59 and now it's only $2.19, but you still have $15 a week in the budget for bread. You get more bread. Um. And the bread multiplies over time, giving you more little breads.

lostamonkey

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Re: rrsp (canadian)
« Reply #3 on: September 24, 2015, 08:19:12 PM »
Just keep buying and buying. Since stocks are cheaper, you will be able to buy more for the same price.

K-ice

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Re: rrsp (canadian)
« Reply #4 on: September 24, 2015, 09:20:51 PM »
Mine too.

I bought some VAB in early August.

I'm due to get some more in October.

Kind of frustrating to see it has gone down. But x years from now I am quite confident it will have gone up.

Silverwood

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Re: rrsp (canadian)
« Reply #5 on: September 25, 2015, 08:51:14 AM »
Ok thanks everyone

I knew it was a fairly simple question but I just wasn't getting it. Now I do