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How do you understand investments and how much you will get back in return?

Bailey@DM

New member
Jan 13, 2011
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Toronto/Niagara Falls
I have always been interested in investing money somewhere but I have no idea where or how I would understand the risks and how I could make a good decision about my investment. My definition on an investment at the moment is spending $1000.00 on my hair. Can someone help me understand how to invest my money and how to know what risks I am taking?
 

hinz

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Nov 27, 2006
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I have always been interested in investing money somewhere but I have no idea where or how I would understand the risks and how I could make a good decision about my investment.
Perhaps you should read the following books before "investing" hard earn dough you get from the hobbyists,

-Are you a Stock or a Bond by Moshe A Milevsky (You are a Stock just like i-banker or pro athlete if you ask me)
-Your Money Milestones by Moshe A Milevsky
-The Naked Investor by John Lawrence Reynolds
-Smoke and Mirrors by David Trahair
-Anything written by Gail Vaz-Oxlade or Kerry K Taylor
-Enough by John C Bogle

Once you get your spending in check, debts under control and equip yourself reasonable knowledge, you could try to read the following books,

-The Intelligent Investor by Benjamin Graham
-Common Stocks and Uncommon Profits and other Writings by Philip A Fisher

BTW, you could always try to ask duang or John LaRue for guidance. ;)

My definition on an investment at the moment is spending $1000.00 on my hair.
LOL, that's a wanton spending, not investment. No different from spending on real Louis Vuitton or Hermes bag.

Anything spend more than $20 wash and cut is too much for guys anyway IMHO.

Can someone help me understand how to invest my money
See above but make sure you have your debts minimized, eliminated if possible and find qualified professionals before making any decision.

how to know what risks I am taking?
Don't say I haven't warned you.

http://www.retirementoptimizer.com/downloads/URMG/URMGreem.pdf
 

danmand

Well-known member
Nov 28, 2003
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It is like poker; it will cost you $1/2M to learn.
 

danmand

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theycallmebruce

Active member
Nov 17, 2002
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Investing does not have to be risky...but you do need to start. I recommend that you start with reading a book called "The Automatic Millionaire" written by David Bach.

His principles are easy to follow...

Good luck in your investing.
 

Rockslinger

Banned
Apr 24, 2005
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Are there any investing courses at say Humber or some other college?

Also, be very careful about taking advice or investing with friends. A dancer friend invested in a cottage up north with a couple of other friends. She lost $20,000 and 2 friends plus way too much aggravation.
 

hinz

New member
Nov 27, 2006
5,672
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Investing does not have to be risky...but you do need to start. I recommend that you start with reading a book called "The Automatic Millionaire" written by David Bach.

His principles are easy to follow...

Good luck in your investing.
LOL, Bailey probably needs to cut Starbucks coffee before becoming "an automatic millionaire". :eek:

BTW, "Stop Acting Rich" is another good book to read.

And how could I forget The Wealthy Barber written by David Chilton.
 

hinz

New member
Nov 27, 2006
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Are there any investing courses at say Humber or some other college?
Go to CSI to take the "first aid" courses. Onex Corp used to own this for-profit institution but they sold it to Moody, the same rating agency sharing the same name. :rolleyes:

If you want some real challenges, go and write 3 levels of CFA exams. The passing rate is dismal for each exam and you need 4 years of relevant work experiences (institutional punting if you would like to say so) before getting the designation.

Just ask John LaRue. I believe he mentioned he was Level 3 CFA candidates last time.

Keep in mind though Canada used to have the second largest number of people writing those exams but not so much nowadays when there are thousands and thousands of Chinese and Indians overseas writing those exams.

Also, be very careful about taking advice or investing with friends. A dancer friend invested in a cottage up north with a couple of other friends. She lost $20,000 and 2 friends plus way too much aggravation.
Never a fan to cottage ownership. Too much maintenance and headaches when it comes to estate planning. Pretty much like up keeping a mistress.

Better allocated money intended to pay for the cottage ownership to invest in a basket of REIT and cruise IMHO.
 

danmand

Well-known member
Nov 28, 2003
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LOL, danmand is different since he is a big risk taker. He sure could afford the gamble. :rolleyes:
What gives you that idea. Investing is to a great extent about minimizing risk.
 

hinz

New member
Nov 27, 2006
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What gives you that idea. Investing is to a great extent about minimizing risk.
Not according to this academic.

Not going to be surprised somebody does finger pointing and say he and Moshe Milevsky are at best residing in ivory tower, at worst shills working in overdrive to brainwash people buying annuities. :rolleyes:
 

danmand

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Nov 28, 2003
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