Good thing I sold all my stocks

In reply to XFactor



And you are the one left holding the bag.

In reply to SnoopDog

You notice every 90 days billions Canadian banks are making...

I am pissed at TD ...$5 billion fine
I am glad the CEO is gone.

TD Bank Group ("TD" or the "Bank") (TSX: TD) (NYSE: TD) today announced its intent to sell its entire equity investment in The Charles Schwab Corporation ("Schwab") (NYSE: SCHW) through a registered offering and share repurchase by Schwab. TD will continue to have a business relationship with Schwab through the Insured Deposit Account (IDA) Agreement. 15 Billion.

In reply to sgtdjones

You seem to have forgotten the financial crisis and housing bubble in the US. The banks have complained miserably about the risk management practices they had to implement, and the Dotard seem to agree with them.

In reply to XFactor

We're talking about Canadian banks.

No one with half a brain would invest in American banks.

In reply to XFactor

Not Canadian banks; they are tightly regulated.

American banks are Ma and Pa Operations.

Hmmm... In this environment, that's decent diversification strategy.

Cotangent effect. And most of the Canadian banks have a large presence in the US. As you pointed out TD docked 5B.

In reply to XFactor

DId you pick up some Nvidia?

In reply to XFactor

In reply to XFactor

Not aware of that, at least not in retail banking.

In reply to ray

Yes@$110.95 this morning. I was tempted to sell when it got to $118.

In reply to XFactor

I held off...little skittish

In reply to camos

Canadian banks have a large retail presence in the United States

Toronto-Dominion Bank (TD) has the largest presence with branches and ATMs across many states.

As does Royal Bank of Canada (RBC) and Bank of Montreal (BMO) which operates through BMO Harris Bank.

Canadian Imperial Bank of Commerce (CIBC) operates but to a lesser extent compared to the others.

In reply to ray

The market sell-off could induce fear in the most experienced investor, but Nvidia has a multi-Year growth profile.

I held my nose and bought.

In reply to XFactor
I bank with TD, but none of the banks you mentioned has a national footprint, they may operate in regional areas, but for a bank to be large it has to have national presence, and TD is the only one close to that.

In reply to camos

TD has a large, but not a national presence. Their expansion has been curtailed by a money laundering scandal over the past couple of years.

In reply to camos

Canadian banks portfolios in the USA:

Toronto Dominion
TD Bank, N.A. is a US subsidiary of the Canadian TD Bank Group.
TD Bank acquired Commerce Bank in 2008 and South Financial Group in 2010.
TD Bank's headquarters are in Cherry Hill, New Jersey.
1,241 branches.

Canadian Imperial bank of Commerce
CIBC has offices across the US, including CIBC Bank USA, US Commercial Real Estate, and Real Estate Finance.
CIBC offers cross-border banking solutions, including US bank accounts, credit cards, mortgages, and insurance.


Royal Bank Of Canada
RBC has a US banking subsidiary, RBC Bank, which offers cross-border banking services to Canadian travelers and expats.
RBC also has a US subsidiary, City National Bank, which operates in 11 US states.
RBC has a US wealth management subsidiary, RBC Capital Markets

Bank of Montreal Harris
Affiliated with Bank of the West
The combined companies will have more than 1,000 branches and 42,000 ATMs located in 32 U.S. states.
BMO is one of the largest banks in the Midwest, with over 600 branches in Illinois, Iowa, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, Florida and California.

Desjardins
(Desjardins Bank branches in Florida: Hallandale Beach, Pompano Beach, Lauderhill and Boynton Beach)

The big 5 banks in Canada

Royal Bank of Canada (RBC),
Net assets under management of CA$1.223 trillion.

Toronto-Dominion Bank (TD Bank),
Assets under management of just under CA$489 billion

Bank of Nova Scotia (Scotiabank),
Assets under management. CA$349 billion

Bank of Montreal (BMO),
Assets under management of CA$386 billion.

Canadian Imperial Bank of Commerce (CIBC).
Assets under management.CA$349.2 billion

In reply to ray

My 401k is down 30% but my individual portfolio is up 145% with strategic sniper put plays. You have to know how to play this unpredictable market in both directions.

In reply to ray

Don’t fall for the I’m smarter than everyone trap. You might’ve gotten lucky this time, but honestly this was nothing. The market routinely pulls back 5, 10, 15 percent from its high point every year. Time in the market is more important than timing the market. Granted there is more volatility because of a certain orange clown, but if you invest long term whatever happens will be just a blip on your long term chart. I’m down a boatload and I really couldn’t care less. I just view it as an opportunity to buy more. The sooner you realize you know nothing and you’re not smarter than the market, the better you will be. Trust me, you will get destroyed trying to go in and out. People 10x smarter than you or me struggle to beat the market. Don’t try it.

P.S. over the years I’ve seen these kinda threads time and again and it’s the only thing I will post on consistently to warn people not to overreact and to keep a long term perspective. I hope the younger folks read this. Goodluck everyone!

In reply to DukeStreet

The market is barely down 5% and you are down 30%? I’m sorry, I don’t know what you do for a living or your financial status, but your comment about knowing when to time the market laughable. That’s very dangerous and I hope no one takes it to heart.

In reply to 1Desiabnu

I'm up high 5 figures in sniping. I suggest you sit down and stay out of big people story. If you don't know, just ask.

In reply to DukeStreet

lol carry on then.

In reply to 1Desiabnu

I guess DukeStreet is all dravites!

In reply to 1Desiabnu

I still have other funds invested long term...the uncertainty with my individual stock holdings was a concern...I don't try to time the market, just needed to step back a little

In reply to 1Desiabnu

Appreciate the advice

In reply to ray

Just got me some NVDA! Couldn’t resist!