its very simple, supply isnt growing yet demand is. fuck RBC and the mainstream they don;t know anything, couldnt see the financial crisis staring at them in the face, cant see the canadian housing bubble or are just lying, they dont see the coming american financial crisis. oil already hit 148 in 2008, it had gained about $75 in one year prior to that peak. getting to $200 in the next decade is more than reasonable, it could happen by 2013 if they print enough money. look at gold, did RBC ever think gold would hit $1900 last year? look at soybeans and the price of wheat, corn, have all just hit all time highs. commodities are in a huge bull market, oil doubling from here is so easy and is gonna happen
Investing Assets Held in a TFSA
- Thread starter johnnyone1
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Yes, me too.actually learned quite a bit from this back and forth, thanks for sharing your views!
Judging by the number of views -- 1060 at this posting -- many others have also.
The moment you talk about "mainstream" media is when I can come back and talk about quacks.its very simple, supply isnt growing yet demand is. fuck RBC and the mainstream they don;t know anything, couldnt see the financial crisis staring at them in the face, cant see the canadian housing bubble or are just lying, they dont see the coming american financial crisis. oil already hit 148 in 2008, it had gained about $75 in one year prior to that peak. getting to $200 in the next decade is more than reasonable, it could happen by 2013 if they print enough money. look at gold, did RBC ever think gold would hit $1900 last year? look at soybeans and the price of wheat, corn, have all just hit all time highs. commodities are in a huge bull market, oil doubling from here is so easy and is gonna happen
And, it's very simple, supply IS growing. You're not willing to see it. If you don't believe RBC, the mainstream media and an oil market analyst/executive then why don't you listen to Chevron's earnings call from yesterday? They state that they expect the Brent price in 2017 to be US$79 per barrel. Five years from now and a major oil company states a price that is nothing near your $200 a barrel.
Here's the link:
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-EventDetails&EventId=4798979
As for the printing money and inflation, yes, it makes sense that the price may hit $200 a barrel but in real currency terms it wouldn't. I'm not an economist and neither does it sound like you are too.
As for the price of food commodities, of course, they are hitting all time highs...it's called speculation due to the drought situation. It's not because of some growth in underlying demand.
You're welcome! I've been "investing" for well over 20 years as a simple investor. I don't touch futures, options, I know next to nothing about stochastic and candlestick figures, etc. But, I do keep abreast of the markets and have a six figure portfolio.actually learned quite a bit from this back and forth, thanks for sharing your views!
I've been through the dot com boom, I've been part of forums (who remembers Raging Bull?) and I've been a newsletter subscriber.
Even now, I think that there is still an awful lot to learn and I think for the OP and his situation, yes I understand the hope for a Hail Mary pass, that it's totally inappropriate to make recommendations when he is and will be totally out of his depth.
Ok, now for the personal attack:
It's interesting that msog has brought nothing to substantiate his belief that the oil price will go to $200 a barrel within a decade. I've brought so far:
A. Chief Economist of RBC
B. Fresh IEA pronouncements (3 weeks rather than 3 years)
C. Former oil executive now a Harvard lecturer with a study out just weeks ago
D. My own experience listening to energy companies
This is why one needs to be beware of listening to "investment advice" on forums.
But, if msog has a great track record of making money then I invite him to show us how he does it.
It's interesting that msog has brought nothing to substantiate his belief that the oil price will go to $200 a barrel within a decade. I've brought so far:
A. Chief Economist of RBC
B. Fresh IEA pronouncements (3 weeks rather than 3 years)
C. Former oil executive now a Harvard lecturer with a study out just weeks ago
D. My own experience listening to energy companies
This is why one needs to be beware of listening to "investment advice" on forums.
But, if msog has a great track record of making money then I invite him to show us how he does it.
Here is a relevant Toronto Star/Moneyville article on passive investing. The only problem is that it may or may not help the OP who has a very small window of time left to increase his holdings. But, I think that it's probably the safest method:
http://www.moneyville.ca/article/1231372--15-years-on-easy-chair-investing-pays-off
http://www.moneyville.ca/article/1231372--15-years-on-easy-chair-investing-pays-off
I'll try this one again.
I asked the following questions back on 20th of July but got no response. Any one else care to take a shot at them?:
-- Approx $420 is deposited in my TFSA every 4 weeks. Do I let the funds accumulate and do something with them each year or make arrangements for each deposit to be invested as it becomes available?
-- Why do some recommend Mutual Funds when others are saying ETFs? My wife has a modest amount of mutual funds (in RRSP) with Investors Group, and although they rise and fall in value during any given year, they never seem to make any sustained gains... I've also had similar experiences with them.
-- So how much does one need (minimum) to invest in a diversified stock portfolio.
-- If one were to invest in a "good dividend stock", as has been suggested, what would be a sensible amount to buy?
Thanks -- J1
I asked the following questions back on 20th of July but got no response. Any one else care to take a shot at them?:
-- Approx $420 is deposited in my TFSA every 4 weeks. Do I let the funds accumulate and do something with them each year or make arrangements for each deposit to be invested as it becomes available?
-- Why do some recommend Mutual Funds when others are saying ETFs? My wife has a modest amount of mutual funds (in RRSP) with Investors Group, and although they rise and fall in value during any given year, they never seem to make any sustained gains... I've also had similar experiences with them.
-- So how much does one need (minimum) to invest in a diversified stock portfolio.
-- If one were to invest in a "good dividend stock", as has been suggested, what would be a sensible amount to buy?
Thanks -- J1
According to stockcharts bne.to was at 20 in september 09 it's now at 46...that sounds like about 130%. there charts only go back 3 years for non members so that's all the data I can giveits not that easy, mining is still an old fashioned business it takes time to find a target and develop a mine. btw I checked the chart for bonterra and had you bought 5 years ago you'd be up 50% plus dividends. so I don;t know what the hell you are smoking
I'll try this one again.
I asked the following questions back on 20th of July but got no response. Any one else care to take a shot at them?:
-- Approx $420 is deposited in my TFSA every 4 weeks. Do I let the funds accumulate and do something with them each year or make arrangements for each deposit to be invested as it becomes available?
-- Why do some recommend Mutual Funds when others are saying ETFs? My wife has a modest amount of mutual funds (in RRSP) with Investors Group, and although they rise and fall in value during any given year, they never seem to make any sustained gains... I've also had similar experiences with them.
-- So how much does one need (minimum) to invest in a diversified stock portfolio.
-- If one were to invest in a "good dividend stock", as has been suggested, what would be a sensible amount to buy?
Thanks -- J1
-- Where is your TFSA kept?
-- I don't know of anyone on here who recommends mutual funds. Go and do some research on ETFs with a book such as "The Little Book that Beats the Market" by Greenblatt. Think he has an updated version.
-- Minimum? At least a dozen stocks in different industries and geographies.
-- That's up to you and the stock in question.
-- The TFSA is at TD-Canada Trust-- Where is your TFSA kept?
-- I don't know of anyone on here who recommends mutual funds. Go and do some research on ETFs with a book such as "The Little Book that Beats the Market" by Greenblatt. Think he has an updated version.
-- Minimum? At least a dozen stocks in different industries and geographies.
-- That's up to you and the stock in question.
Thanks
lol RBC and chevron are not factoring in all the trillions of dollars that have yet to be printed by central banks to keep the world economy afloat. I wouldnt listen to any mainstream bank they are clueless rbc just released a report saying how theres no housing bubble in toronto. look at the state of the world economy today, its a disaster and oil is at $90 a barrel, how do you figure the price to be lower in 5 years. youll find many more predictions of $100+ oil than under $100. And no the drought in the u.s. isnt responsible for high food prices, weve had lots of droughts in the past and prices were never near as high. food prices are rising for the same reason gold and oil are rising. do yourself a favour when ben bernanke announces QE3 which is probably on september 13th, go to www.forexpros.com and look at the commodity price gains that will have just begun. the ecb is also gonna print alot of money to bail out europe which will also spike commodities. this bull market in commodities has been going on since the year 2000, that is the same time the bear market in stock indices started. from 1980-2000 it was the opposite.The moment you talk about "mainstream" media is when I can come back and talk about quacks.
And, it's very simple, supply IS growing. You're not willing to see it. If you don't believe RBC, the mainstream media and an oil market analyst/executive then why don't you listen to Chevron's earnings call from yesterday? They state that they expect the Brent price in 2017 to be US$79 per barrel. Five years from now and a major oil company states a price that is nothing near your $200 a barrel.
Here's the link:
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-EventDetails&EventId=4798979
As for the printing money and inflation, yes, it makes sense that the price may hit $200 a barrel but in real currency terms it wouldn't. I'm not an economist and neither does it sound like you are too.
As for the price of food commodities, of course, they are hitting all time highs...it's called speculation due to the drought situation. It's not because of some growth in underlying demand.
2009 was a great buying opportunity, 2012 is another one of those great opportunities all these stocks have priced in a commodities crash when the opposite is about to beginAccording to stockcharts bne.to was at 20 in september 09 it's now at 46...that sounds like about 130%. there charts only go back 3 years for non members so that's all the data I can give
mutual funds are a rip off, they charge about 3% a year in fees the brokerage firms want you to buy them so they can make those fees. ETF'S are the same as mutual funds, HOWEVER the fees are 1/10 that of mutual funds, and unlike mutual funds you can trade them on the stock market just like shares of a company. they are for do it yourself investors, there are etf's for everything be it oil, gold, chinese real estate, tracking a stock market index....any god damn market sector and sub sector. there are bull etf's that go up when what it tracks goes up , bear etf's, etf's that are highly leveraged etc. if you go to a mainstream brokerage firm you will get bad advice, they are all vanilla and have brokers who dont give a shit selling you mutual funds. whether it be just before the crash of 2008 or now youll always get the same advice. im assuming your older and close to retirement I can tell you that they will push BONDS on you, right now bonds are the worst investment. just google news BILL GROSS who RUNS PIMCO THE LARGEST BOND FUND IN THE WORLD....he'll tell you how bad bonds are. my advice to you if you want your money managed professionally and dont want to do it yourself check out europac.ca. they are the black sheep of the brokerage industry and will put you in the right direction on the right path. all the other brokerage firms are the same bs, these guys are the real no nonsense deal. expect to pay 3% a year in fees should you go the professional route I say just do it yourself. if you are a passive investor just buy ETF'S, buy and hold is dead though the markets are not how they used to be they move in cycles you have to make adjustments every so oftenI'll try this one again.
I asked the following questions back on 20th of July but got no response. Any one else care to take a shot at them?:
-- Approx $420 is deposited in my TFSA every 4 weeks. Do I let the funds accumulate and do something with them each year or make arrangements for each deposit to be invested as it becomes available?
-- Why do some recommend Mutual Funds when others are saying ETFs? My wife has a modest amount of mutual funds (in RRSP) with Investors Group, and although they rise and fall in value during any given year, they never seem to make any sustained gains... I've also had similar experiences with them.
-- So how much does one need (minimum) to invest in a diversified stock portfolio.
-- If one were to invest in a "good dividend stock", as has been suggested, what would be a sensible amount to buy?
Thanks -- J1
heres the bill gross article, keep in mind when he means equities hes talking about the overall stock market, doesnt mean say commodity stocks wont outperform ( they have been outperforming for 12 years while the overall stock market has gone nowhere)
http://www.theglobeandmail.com/glob...ross-sees-bleak-returns-ahead/article4453313/
http://www.theglobeandmail.com/glob...ross-sees-bleak-returns-ahead/article4453313/
So in the article Bill Gross says:heres the bill gross article, keep in mind when he means equities hes talking about the overall stock market, doesnt mean say commodity stocks wont outperform ( they have been outperforming for 12 years while the overall stock market has gone nowhere)
http://www.theglobeandmail.com/glob...ross-sees-bleak-returns-ahead/article4453313/
Not a very encouraging outlook."Pimco is projecting that bonds will deliver 2 per cent annual returns in the years ahead, while stocks will produce 4 per cent returns. Once inflation is deducted, the return from a diversified portfolio would be roughly zero"
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and hes sugar coating it. very rare to hear a major wall street kingpin admit reality. this is why you dont want to be broadly diversified...you have to invest where the bull market is, where the growth is. right now that is commodities and companies that sell to emerging markets. america and europe are going to be weak for a very long time. both of their crises have not peaked, america hasnt had its sovereign debt crisis and europe has not defaulted on its debts, they are going to try and inflate their debts away. which is why you need to invest in hard assets. start researching peter schiff, marc faber, and michael pento. hear to what they have to say these guys are the best in the industry in terms of track record but theyll never win a nobel prize like paul krugman. ive put you on the right track now its up to you to carry on.So in the article Bill Gross says:
Not a very encouraging outlook.
diversification will get you nowhereHere is a relevant Toronto Star/Moneyville article on passive investing. The only problem is that it may or may not help the OP who has a very small window of time left to increase his holdings. But, I think that it's probably the safest method:
http://www.moneyville.ca/article/1231372--15-years-on-easy-chair-investing-pays-off
So maybe I should just buy $420 worth of gold or silver every month... can you do that within a TFSA?diversification will get you nowhere
