Reverie
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Just curious

Cobster

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Apr 29, 2002
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How many of you are a little leery when it comes to investing, considering how the banks, companies and what not have all been exposed to fraud, corruption and all the questionable practices that have come to light over the past few years.

I mean, sure investing in companies is good, but are any of you a bit more cautious now and not taking the bigger risks?

It crossed my mind because my old man is still actively investing and I worry about him doing it.
 

hinz

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Nov 27, 2006
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How many of you are a little leery when it comes to investing, considering how the banks, companies and what not have all been exposed to fraud, corruption and all the questionable practices that have come to light over the past few years.

I mean, sure investing in companies is good, but are any of you a bit more cautious now and not taking the bigger risks?

It crossed my mind because my old man is still actively investing and I worry about him doing it.
Unless you are a government worker and have secure pension, otherwise you have no choice but to be in this "game" called investing.

Or you are loaded enough to be in saving accounts getting 2% or less interest and the interest received are fully taxed. :rolleyes:
 

danmand

Well-known member
Nov 28, 2003
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The cards are definitely stacked against the little investor. You can pretty much rely on all advice given to be serving the big players, and harming the little investors. I believe it takes a fair amount of effort to find good investment vehicles, and one has to be ever vigilant, and think a step or two ahead of the big players, like in a chess game..
 

hinz

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Nov 27, 2006
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The cards are definitely stacked against the little investor. You can pretty much rely on all advice given to be serving the big players, and harming the little investors. I believe it takes a fair amount of effort to find good investment vehicles, and one has to be ever vigilant, and think a step or two ahead of the big players, like in a chess game..
And make sure one has to be fairly liquid and never try to hit a home run every time you invest in securities.
 

Cobster

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No, he's doing pretty (what seem to be solid companies) but I'm surprised he still does it after all the shit in the news that's been going on.
They're all pretty slimey people on Wall Street, I mean I wouldn't even trust Warren Buffett simply because of him saying something good about Goldman Sacchs a couple of years ago.
So as I said, the old man is doing well and has been for years, I'm just worried that something else will happen in the future and the rug will get pulled out from under him.
Like Dan said, I believe the cards are stacked against all the regular people and the only ones really making the big coin are those who have close ties to lawmakers, people in higher positions of the various companies, etc.
 

hinz

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Nov 27, 2006
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No, he's doing pretty (what seem to be solid companies) but I'm surprised he still does it after all the shit in the news that's been going on.
They're all pretty slimey people on Wall Street, I mean I wouldn't even trust Warren Buffett simply because of him saying something good about Goldman Sacchs a couple of years ago.
So as I said, the old man is doing well and has been for years, I'm just worried that something else will happen in the future and the rug will get pulled out from under him.
Like Dan said, I believe the cards are stacked against all the regular people and the only ones really making the big coin are those who have close ties to lawmakers, people in higher positions of the various companies, etc.
Maybe your old man is smarter than yourself in this area. Maybe he is old enough to recall lives during the Great Depression and conclude what is happening right now is nothing compared to the real deal.

Or he's sane enough to have a portion of his cash for "mad money" just to keep his mind stimulated. Others may choose to play bridges/cards.

Again, why don't you ask him?
 

Cobster

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Apr 29, 2002
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Maybe your old man is smarter than yourself in this area. Maybe he is old enough to recall lives during the Great Depression and conclude what is happening right now is nothing compared to the real deal.

Or he's sane enough to have a portion of his cash for "mad money" just to keep his mind stimulated. Others may choose to play bridges/cards.

Again, why don't you ask him?
Great Depression? lmao not that old buddy
 

hinz

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Nov 27, 2006
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Old trader proverb: "There are old traders and there are bold traders, but there are no old bold traders."
I am not so sure when we are talking about Irving Kahn and Walter Schloss.

Not even these equally old folks here in Canada. Don't recall they are as "concern" as Cobster for being conned by the "Banksters". :rolleyes:

That being said, it's not for everyone since old folks do not have time to get back even but that doesn't mean he or she is risk reverse by default.
 

Cobster

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Wouldn't your old man hear and learn something from his old man, ie your grandpa on the Great Depression?

Again why don't you ask him?

That would ASSUme too much on your part. :rolleyes:
 

theycallmebruce

Active member
Nov 17, 2002
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Investing in the stock market is not a risky business as long as you know what you are doing. It took me over 15 years to know what I was doing. The key for me to investing is to buy quality. Lately, that has been Canada only. Also, buy dividend paying stocks if you are looking long term. Option trading was what made me realize how stupid I've been all those dumb ass years !!!
 

Cobster

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Apr 29, 2002
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Bruce, Dad, is that you? lol

He's been in the game for the same time and has been investing mainly solid Canadian companies like yourself.
 
B

burt-oh-my!

The key for me to investing is to buy quality. ...... Also, buy dividend paying stocks if you are looking long term.
I would agree, but there is an additional key element I would suggest for MOST investors - don't look at the values every day. Just let the investments grow over the years, and don't sell a good fundamental investment just because the squiggles on a chart supposedly tell you something. The vast vast vast majority of wealthy investors have held their investments many years, and that should tell you something.
 

Cobster

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Yes Sir.
 

hinz

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Nov 27, 2006
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Investing in solid Canadian companies is always a good idea. Just stay away from crap lik Bre-X and NORTEL.
Yep but the Canadian equities on the whole are expensive right now.

I wonder how many of those who invest in TSX listed solid companies are foreigners doing yen carry trade. :rolleyes:
 
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