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2k to 4k to invest in stocks

carnifex

Member
Feb 14, 2004
112
0
16
Toronto
Hey folks,

I've been saving RRSP for a while now and have a good amount in. I never bothered with TFSA but now i'm considering it.

But I was wondering, I'm young and have about 4k as a bonus coming in shortly. Anyone have any insights into a smart way to use this? I am willing to risk it all for decent returns.

I don't want to take it to the poker tables..but maybe open a trading account to trade in?

Any thoughts?
 

lenny2

Well-known member
Jan 18, 2012
3,574
729
113
Double your money on the roulette table. I recommend all in on red. Now you have 8K.

If your feeling lucky, keep going all in. Then it will be 16, 32, 64, 128, 256, 512K after just 7 reds.
 

oil&gas

Well-known member
Apr 16, 2002
12,221
1,618
113
Ghawar
Buy some silver coins or bars for long term protection against
erosion of paper wealth. Besides its monetary value the poor
man's gold's property as a superconductor could make silver
worth a lot more than it is in the future. If storage of a large
quantities of silver bullion is too much trouble you could buy
gold or platinum coins instead.

There is also the option of buying one of the bullion funds
or ETFs instead of real bullions.
 

HOLLYWOODG

Well-known member
Dec 11, 2016
1,206
39
48
Wish I read this earlier. I would have suggested throwing it all in the ticker PLUG. I am holding 20,000 shares right now and I am up $3,000. Will take profits shortly after market open and hold just 20% (4,000 shares) as casino money should PLUG continue to run.
 

ThePearl

New member
Aug 31, 2010
14
0
1
agellan Commercial Reit pays a 7% dividend and has been going up for a capital gain
ACR on TSX
 

onceaday

New member
Sep 28, 2015
348
0
0
The rule of thumb is to put your first $10K into a Market Index fund http://www.investopedia.com/terms/i/indexfund.asp It is very difficult to stock pick, especially for someone inexperienced with the markets. Keep in mind that markets are at (relatively) all time highs so if you have the patience wait for the correction that is coming. Otherwise, I also like the idea of a solid DIV stock with a DRIP such as GIMME mentioned above: TSE:NWH.UN I own it and think the 7.4% DIV is safe and that the sector in general is a no-brainer long-hold.

Want risk? Buy the new marijuana ETF HMMJ that recently came out. It owns a basket of most of the bigger players in the Canadian MMRM industry. And it's down over 4% today.
 

trucker269

Member
Apr 12, 2010
109
9
18
I currently have $2500 I want to invest for my granddaughter. I want to invest in a penny stock that is currently under $1 per share. can I buy 5000 shares and have her name on the account and leave it for 15 years, so she may have some profits in time
 

johnnyb0y

New member
Sep 3, 2013
3
0
1
I currently have $2500 I want to invest for my granddaughter. I want to invest in a penny stock that is currently under $1 per share. can I buy 5000 shares and have her name on the account and leave it for 15 years, so she may have some profits in time
Penny stocks are high risk like gambling. The stock price is volatile and easily manuipulated because there are not many buyers for it (i.e. large bid/buy - ask/sell spread). The company may not even be around 15 years down the road. Better to stick with an Index fund suggested by onceaday.
 

jred2171

Member
Dec 7, 2009
239
13
18
You ask a simple question and you always get those few morons reply.....the big banks are a safe investment, paying a decent dividend.
 

Caspertheghost

Well-known member
Jan 27, 2005
1,350
254
83
15 years.....yes put it in two of the big banks and have all dividends reinvested. Don’t watch the market swings.
 

Caspertheghost

Well-known member
Jan 27, 2005
1,350
254
83
Or if more a gambler put it all in Lithium ETF. In 15 years we will all be driving battery operated cars and Lithium will be the new oil.
 

User 123

New member
Jan 21, 2017
318
4
0
Should have invested in Bitcoin. Even a month ago, you could have made big gains. Too late now. That shit has skyrocketed.
 

xl105

Member
Aug 10, 2013
50
1
8
I invested into weedstocks nearly 2 years ago and let me just say my ROI is 200+++%
 

fjdude

Member
Oct 2, 2004
349
0
16
Antarctica
If you're willing to risk it all, I suggest some MBS REITs. Open a USD trading account and dump it into ARI, OXLC etc. (all pay north of 10%). Just keep re-investing the distributions and you should be good in a few years.
 
Ashley Madison
Toronto Escorts