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I need investment advisor help

Zoot Allures

Well-known member
Jan 23, 2017
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I have my $ in funds but dislike their MER of 2 to 3% when they do not beat market. Nor do they provide insurance against market dip because they are actively managed, IMHO.

I could go with index funds or ETF but what about advisor? Someone who buys stocks for me at less than the funds MER


Any suggestions

I have six figures in $ many times over and I am niave about investling
 

wbh32

Member
May 4, 2015
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I'm looking at this too.....I am contemplating a couple of routes at the moment. One is Canadian couch potato(checkout the website). Its quite easy for a beginner like us, and the logic makes sense. If you're worried about getting started I am using scotia itrade's practice account. They give you a pretend 100k CND and 100k US and you can play with it. They also have an education site with tutorials. Great way to start if you have the time to put in.

As for an advisor with that setup.....I'm looking at an advice only advisor. You pay them an hourly rate for financial planning advice(they can't give investment advice....but sounds like you have a bit of a handle on that).

That way you manage it yourself, avoiding the high commisions, but you're still getting professional advice.
 

Trevor

New member
Mar 29, 2004
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I use www.fool.ca to pick my stocks ..... and TD bank website to buy.
My portfolio is Canadian banks only...... too big to fail.....TD, RY and BNS.
Buy when they drop a bit. The most difficult is to know when to sell and buy them again.
I doubt anyone can tell, so I just hold them.
Average long term gain is 6% appreciation and 4% dividends to give a return = 10% long term.
You can sleep well at night with this safe investing approach.
 

Zoot Allures

Well-known member
Jan 23, 2017
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I am using scotia itrade's practice account. They give you a pretend 100k CND and 100k US and you can play with it. They also have an education site with tutorials. Great way to start if you have the time to put in.
.
good idea, need to play with pretend money until I feel confident
 

Zoot Allures

Well-known member
Jan 23, 2017
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294
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My portfolio is Canadian banks only...... too big to fail.....TD, RY and BNS.
Buy when they drop a bit. The most difficult is to know when to sell and buy them again.
I doubt anyone can tell, so I just hold them.
Average long term gain is 6% appreciation and 4% dividends to give a return = 10% long term.
You can sleep well at night with this safe investing approach.
that is what I think as well

as far as knowing when to get in and out I would not even try

buy for long term
 

BigVee

Member
Apr 4, 2012
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I have mutual funds too, but lately I tired out a robo-advisor. It gave me a breakdown of ETFs to invest in, from Canadian, US and INTL markets. It also diversified into bonds. I used dollar cost averaging to buy them via Qtrade (so you don't need to wait for a dip in the price). And I beat ALL my mutual funds with a solid 11% return (dividends + appreciation). Next step, liquidate mutual funds and move to ETFs

BV
 

Zoot Allures

Well-known member
Jan 23, 2017
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Passive investing (Index funds or ETFs) have often been the worst place to be in the event of a market correction or when large companies collapse. Mostly affects the TSX which is often too concentrated in certain areas (natural resources) or one or two companies that grew exponentially. Think Nortel, RIM, Bre-X or most recently Valeant. When you hold the index, you go along for their ride fully. When Nortel was at $124/share before starting its implosion, accounted for 35% of the index value. You know the rest of the story.

Here's a good article about how those three and a few others impacted investors:

http://business.financialpost.com/i...the-tsx-and-that-should-worry-index-investors

I'm not saying mutual funds are the answer, but I am saying passive investing isn't all it's cut out to be.

The other comment I'll make is 1. are you a buy and hold investor or 2. are you going to try the fools game of timing the market. When you look at an investments performance through an entire market cycle (boom, bust, etc..), that is a better indicator of long term success if you want to buy and hold.
I used wbh32 advice and got a Scotia pretend trading account.
Cannot you not get a index fund (or several) that is not dependent on a few companies thus preventing the collapse? As far as downturns a Mutual Fund will go down along with market. No way to avoid it if you are playing the game.

I am a buy and hold Warren Buffet guy. My idea is to split lndex funds between stocks and bonds. When market falls I sell bonds and buy stocks like Buffet does so I then profit from market downturn by buying low but this is not the same as market timing which is a suckers play
 

BigVee

Member
Apr 4, 2012
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If you go with someone make sure they are a financial adviser and not a financial advisor. See here: http://www.cbc.ca/news/canada/briti...tive-titles-put-investments-at-risk-1.4044702 The second title is just a bank sales person not necessarily looking out for your interests.
Reality is that this applies to everyone in the financial industry. Your "independent" advisor will pick mutual funds that give the highest commission at that moment. Or your insurance broker will find a policy from the company that pays the higher trailing fees. Or your mortgage broker will get you a mortgage that gives higher origination fees.
 

Zoot Allures

Well-known member
Jan 23, 2017
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Did you move on from the practice account?
Not yet. Problem is no advice offered unless you give them 1% so I am going to see them

I may give them the minimum 250 k they require then invest the rest on my own using same strategy for free

I suspect that is why they require a minimum otherwise I give them 10 k then use their advice for free


Finding a good friend or family member with a successful manager then doing same thing for free seems like a good idea
 

wbh32

Member
May 4, 2015
46
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I'm finding the same thing.......I've found one guy that seems different from the crowd. Has an interesting approach. Only wants your equities and uses a dividend investing approach, so no funds or ETF's so no MER's and he doesn't need to take your bonds and charge you a fee on that. Also looking at myownadvisor.ca and taxtips.ca for diy.

Most family and friends have no clue what their advisor is doing...frankly a little scary.
 

BlessTheBottle

New member
Apr 20, 2017
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Toronto
Here's some stock tips since I have fallen in love with TERB. I have 8 years of experience in trading in Toronto and this is my current portfolio.

1) NASDAQ: AMD (Ryzen processors are going to destroy Intel's market share. Their affordability/performance is way too good).
2) NASDAQ: NVDA (Autonomous cars and computer GPU's, need I say more?)
3) TSX: ACB (Aurora Cannabis is on fire in Canada and is looking to capitalize on the legislation going forward. Really leveraged company in Canada).
4) NYSE: BABA (Ali Baba is going to be the next Amazon)
5) NYSE: NOKIA (Huge amount of intellectual property. Possible take-over potential by a big player like Apple or Google). **Unsure about this one**

Don't use mutual funds and stick to BMO ETF's if you don't want to manage anything.
 

Kharcoff

New member
May 17, 2013
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Im day trader for past six months, if you have the guts and do some research you can gets incredible results or losses. Check dust, nugt, jdst, jnug for gold related 3x eft, you can easily make 1-3% /day once you understand how they work. Good luck.
 

yomero5

Well-known member
Jan 12, 2017
1,982
487
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Im day trader for past six months, if you have the guts and do some research you can gets incredible results or losses. Check dust, nugt, jdst, jnug for gold related 3x eft, you can easily make 1-3% /day once you understand how they work. Good luck.
My prediction is that by the end of the year, you would have lost 50% of your capital, but I hope I'm wrong. Good luck.
 

Big Rig

Well-known member
May 6, 2009
1,913
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My prediction is that by the end of the year, you would have lost 50% of your capital, but I hope I'm wrong. Good luck.
Agree. WTF does he know that no one else does? Professionally managed mutual funds cannot beat the average. Kharcoff, with all respect you are fooling yourself.


Buying and selling equities is a fools game.


ETFs, mutual funds and quality dividend companies that you hold is my two cents.
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,147
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Im day trader for past six months, if you have the guts and do some research you can gets incredible results or losses. Check dust, nugt, jdst, jnug for gold related 3x eft, you can easily make 1-3% /day once you understand how they work. Good luck.
I have know many day traders
However I have yet to meet one that is able to consistently make a sustainable living as a day trader
 

yomero5

Well-known member
Jan 12, 2017
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Trading stocks, short, medium and long term can be profitable. I just don't think that intraday variations in stock prices are enough to generate profit consistently.
 

Zoot Allures

Well-known member
Jan 23, 2017
1,591
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I have know many day traders
However I have yet to meet one that is able to consistently make a sustainable living as a day trader
Of course. Everyone has the same info, therefore .... the way to make money is hold when everyone sells at bottom and buys at top which is what the average trader does . If you hold you get the monies they throw away IMHO


Larue, what is your background in finances ?
 
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