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Need advice on Stock Market please

buckwheat

New member
Jan 20, 2005
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GTA
ontariolotteryplayersgroup.webs.com
I am thinking of buying some stocks. I have about 1500 to 2000 cdn to invest. I am thinking of buying some safer stocks like CTC, Banks, and mostly i heard Tim Horton will be offering stock. Should I get a broker or can I do this on E-Trade by myself? Also where could i get more finacial info on good companies? As more money comes available i will invest it, plus any profits i will invest it back. Any tips and info from you guys? Thanks
 

WhaWhaWha

Banned
Aug 17, 2001
5,991
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Between a rock and a hard place
There are better forums for discussing stock tips like The Motley Fool or Raging Bull. Even then, you will always more advice on when to buy and less on how much or when to sell.

Also Tips never work in a dropping market. They certainly don't shelter you from a potential crash. The only really predictable trend is, if real estate booms, so will the market within three months. The same goes for a bust.

Your best bet is to stay away from tips and invest in a good multi-facet mutual fund. In the long run it's not guranteed. You get some of the action of the market that you miss with bonds or GICs but it's steadier -- more buffered.
 

tboy

resident smartass
Aug 18, 2001
15,972
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63
way out in left field
Hell, I get stock tips all the time in my email, want me to sign you up? *eg*...

They are all guaranteed to make me millions so I can retire in a few weeks....:D
 

LancsLad

Unstable Element
Jan 15, 2004
18,096
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In a very dark place
Stock market

My careful analysis has shown me that over the long term, heck even the short term , the ones who make the most money in the market are called brokers.
 

xornet8

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Jan 19, 2004
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Dont take this the wrong way, but you cant buy much of anything with 2 grand and expect to make money after commissions. Canadian Tire is trading at 63 odd dollars a share, Royal Bank for example at 93. Anything under 100 shares and you will get shafted because its an odd lot. It takes money to make money, and nowhere is that more true than the stock market.

You are better off looking at mutual funds, either from your bank or somewhere like etrade. If you insist on going the individual stock route, small caps are really the only option.

http://www.stockhouse.ca/index.asp is a good place for information on Canadian companies and general market news.
 

tboy

resident smartass
Aug 18, 2001
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way out in left field
CTC is at 63??? fuck me gently....I worked for them for 17 yrs and when I was laid off, I was forced to liquidate my profit sharing and the price then was 8 fucking DOLLARS....

Fuck, I think I'm going to be sick......:confused:
 

fuji

Banned
Jan 31, 2005
80,012
7
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¯\_(ツ)_/¯
is.gd
With a small amount of money (under $50k) you are better off with mutual funds. $2000 is just not enough to play the stock market. If you want to buy stocks, you want to buy 10+ different ones so as to avoid getting sunk if one goes under, so you really need 50-100k to play the market yourself. Under that, just buy a mutual fund.
 

Meister

Active member
Apr 17, 2003
4,070
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If you like risk you can buy an options or futures contract on foreign currency with only 5 or 10% down.
This is fast money, but not for the faint-hearted.
 

tboy

resident smartass
Aug 18, 2001
15,972
0
0
63
way out in left field
Yup, futures, anyone see the movie trading places with Eddie Murphy et al?

You can lose your shirt or make your first million.....
 

Brookstone

Active member
Sep 11, 2004
1,600
2
38
Optionetics?

Anyone have any experiences with Optionetics? Saw an infomercial last night and got me thinking of venturing into stocks again.
Anyone know this site, does it really work?
 

FOOTSNIFFER

New member
Jan 23, 2004
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I took the trial....

Yea, I took the trial and went through the material. At $3000.00, it's not worth it. They do go into some esoteric strategies that most people won't have the discipline to master and use consistently, but most of what you need to trade options can be learned at www.888options.com for FREE!! The website is put together by the exchange where options are traded, so they're not trying to sell you anything directly and the info's reliable.

I've been trading options for a few years and the bottom line is that you should buy them where the expected delta is greater than 70% (ie: deep enough in the money that a $1.00 increase in the underlying stock will produce a $0.70 change in the option, and with LOTS of time for the option to run. I usually buy LEAPS, with about a year to run. This reduces the daily time decay of the option, reducing your risk further.

People say it's hard to make money in options, but I've done well. But you have to be totally disciplined....it's real money that you're playing with, don't ever forget that. Good luck
 

tagboy

Member
Aug 29, 2004
287
0
16
BW,

Tim Horton's stock won't be available until sometime in March 2006. The estimated price per some analysts is around $29-$35 per share. So for a 100 share lot, you're looking at approx. $2,900-$3,500 in total. You can purchase less than 100 shares, but then the share price is usually slightly higher. And IMO, that's not worth my while.

Like some other posters have advised, given the amount you're looking to invest, you should consider GICs or mutual funds to start. Which one to go with will depend on your tolerance for risk. Also, with mutuals the distributions/payouts are usually reinvested.

When I started out, I stuck with GICs and mutuals until I had more capital.

Stang5

buckwheat said:
I am thinking of buying some stocks. I have about 1500 to 2000 cdn to invest. I am thinking of buying some safer stocks like CTC, Banks, and mostly i heard Tim Horton will be offering stock. Should I get a broker or can I do this on E-Trade by myself? Also where could i get more finacial info on good companies? As more money comes available i will invest it, plus any profits i will invest it back. Any tips and info from you guys? Thanks
 

Maxie

New member
Feb 6, 2006
141
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0
The stock market is wildly overvalued across the board. The time to buy is when there's a major market correction which will happen sooner rather than later.

Chat forums like stockhouse are full of shills.
 

LNEXP

New member
Oct 15, 2003
158
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0
buckwheat said:
I am thinking of buying some stocks. I have about 1500 to 2000 cdn to invest. I am thinking of buying some safer stocks like CTC, Banks, and mostly i heard Tim Horton will be offering stock. Should I get a broker or can I do this on E-Trade by myself? Also where could i get more finacial info on good companies? As more money comes available i will invest it, plus any profits i will invest it back. Any tips and info from you guys? Thanks

With so little money, you can barely diversify. Like the other's advices, your best bet is mutual funds, or IMO, index funds. It usually has a much lower management fees, for small investment, you may receive a higher "net" (after fees) gain than mutual funds.
 

james t kirk

Well-known member
Aug 17, 2001
23,932
3,679
113
fuji said:
With a small amount of money (under $50k) you are better off with mutual funds. $2000 is just not enough to play the stock market. If you want to buy stocks, you want to buy 10+ different ones so as to avoid getting sunk if one goes under, so you really need 50-100k to play the market yourself. Under that, just buy a mutual fund.
I disagree.

10 grand you can make some money.

All you need is the right pick, which is easier said than done.

Speaking of which, Encana may have bottomed out last week at 47. Back up to 52.

Kicking myself for not buying POT when it was mid 80's last month.

Lowblaws may be a buy at 55 right now also.
 

JohnLarue

Well-known member
Jan 19, 2005
16,159
2,151
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Do not buy Mutual Funds, use the I units from Barclays

Mutual Funds with the 2-4% MER (which you will never see) are a rip off, unless you can find a good mutual fund maager (about 5-15% are good, the rest either just buy the index or will underperform) and it is probably easier to determine a good stock vs determining a good manager.
The ifunds from Barclays has low MERs 0.5% and allow you to buy a basket of energy , gold, financial or TSX 60 companies.
Better yet check out http://www.shareowner.com.
I do not have any interest in either of these organizations, however in my opinion they are the best value for your $
 
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