Hedge funds aren't even available to most public investors. They're geared to wealthier investors. I wouldn't use them as an example because in many cases their goals aren't even pegged to any benchmark.
Investment/portfolio advice
- Thread starter fjdude
- Start date
People also get emotional with their portfolio, which is very dangerous e.g. the price will keep going up or the price will bottom out. A professional helps take the emotion out of it managing the portfolio. I also think many people hang on to their lawyer, doctor, adviser, etc even though they are not performing well. Maybe it's because they've been using them for years or their parents have, etc, but if your adviser isn't working, then you have to fire them ASAP.
Son: Dad, does your advisor return your money if the portfolio doesn't perform?
Dad: It doesn't work that way.
Son: Why not?
LOL. This is a good one. But you never know. Some people here can make 40% annual return with very low risk from what I know.
An RRSP is not an investment. It is a place to hold your investments, tax deferred. So your logic of not living long enough does not make sense.
If you are making money in a high tax bracket now, and figure you will be in a lower tax bracket when you withdraw (and you don't have to wait until you retire to withdraw) then you will make money on that tax strategy alone. Never mind that you can invest more money with tax free (deferred) dollars now, and let the entire investment and compounded growth grow tax free.
You can always take the money out of the RRSP anytime if you just pay the tax at the level you are at that year.
Whatever is held within the RRSP tax shelter is another matter.
40% with LOW risk? I don't have the words to describe how unbelievable this is. The ONLY way to make 40% is to take on risk. Whether someone is good at managing that risk is another matter.
My suggestion is a good one. Do not, under any circumstances, accept advice from anyone on this site. Spend the bucks and find a competent financial advisor. The advice on this site is worth exactly what you paid for it.
You cannot accept advice from anonymous persons on an escort website. What is wrong with you?
You cannot accept advice from anonymous persons on an escort website. What is wrong with you?
If you are just starting and have less than $250K - look at a robo advisor. If you have more PM me and I can provide a few names.
Nest Wealth is not bad or something similar.
https://www.nestwealth.com/
Nest Wealth is not bad or something similar.
https://www.nestwealth.com/
I disagree. Advice from any source can be valuable. Every source can be good or bad.
Paid financial advisors?
The same people who say buy a stock when it's near its high and then says sell when it's already tanked 50%? Notice how they never say it's a good time to buy when it's near it's bottom, and sell when it's topping out? That's because of two reasons:
1. They have no idea what to advise and just tell people the obvious stuff after the fact. Or,
2. They know exactly what they are doing, actually doing the opposite with their corporate trading accounts to make money off Joe Sixpack
Also the same people types of people who have said it's better to lock into a fixed mortgage rate for the past 20 years. Or that a housing slump is coming and to wait for home prices to fall.
Avoid taking advice from anyone that makes or relies on predictions and forecasts.
Great time to "scale-in" Freeport McMoRan (FCX). Back up the truck if it comes down to $2. You will easily make 10 times your money if you just buy and hold at $2 for 5-7 years IMHO.
Thanks for all the posts guys. Appreciate it. Was also kinda hoping to get people's specific views on the economy - possibility of negative rates, erosion of CAD, sectors that will do well in next 5-6 years etc.
That's a very limited view of what an adviser and how the market works. Markets go down and up like the people's moods and we've gone through this cycle many, many times. You have to realize markets can go up or down for no obvious reason and that does not necessarily mean that the investment is a bad or good one. There are times to hold and times to sell. I honestly think that now is the time to sell some of your US holdings just because of the currency difference. If you manage to get double digit returns by doing that, then you're ahead of the game. Tough to get that return on dividends alone or by waiting until hopefully the markets recover.
Also do your own research before and after talking to that adviser and talk to multiple if you can. Don't sign any contracts until you are at least somewhat comfortable with what the adviser is saying.
Good advice.
My favourite stocks are CDN bank stocks. They usually yield between 3 and 5% steady dividends, they almost always go up in value long-term plus they are safest investment on TSX in my opinion:
http://www.canadianbankstocks.com/
Investment advice
Like this board for example who would have thought
But we're here to help one another
Someone mentioned poll the other day and at this very moment this week oil hit a new low of $29.95
And today oil reversed a little and the big boys were buying XLE for longer term
Oil might go lower and it could stabilize but they were nibbling at oil stocks today
I personally like cardinal energy.........good management team good oil properties and growing conservatively. And Canadian company
It's also up from the lows Cardinal energy
Sometimes you can get advice from the strangest places .............
Like this board for example who would have thought
But we're here to help one another
Someone mentioned poll the other day and at this very moment this week oil hit a new low of $29.95
And today oil reversed a little and the big boys were buying XLE for longer term
Oil might go lower and it could stabilize but they were nibbling at oil stocks today
I personally like cardinal energy.........good management team good oil properties and growing conservatively. And Canadian company
It's also up from the lows Cardinal energy
You are asking questions to which no one has a good answer. Nobody can forecast the markets accurately so don't waste your time on predictions. Understand the difference between investing and speculating. Most of the people posting here don't have a clue.
A few book suggestions : A Random Walk down Wall Street, The Four Pillars of Investing, anything from Larry Swedroe
http://www.efficientfrontier.com/ef/103/probable.htm
