stock advice
- Thread starter pokergod
- Start date
pokergod said:
Figure one bull can service up to 100 heffers.
I reccomend beef cows as the dairy market is tied up by the mega corps. That and people will over pay for "ORGANIC" beef........Hope this helps.
Your best bet is to get a financial planner first, and put together a game plan.
Once you cover what you need to live on, and what you need to save for the future, you can decide on how much you want to directly invest in the market.
The market is at or near multi-year highs it is not the best time to buy right now for what it is worth.
The worst things you can do is get stock tips off the internet, bulletin boards or junk emails. Do not trust stock brokers at face value they make money if you win or lose. Do not listen to Krammer on CNBC he has as many losers and he does winners. As a matter of fact don't listen to CNBC at all.
Good luck.
Once you cover what you need to live on, and what you need to save for the future, you can decide on how much you want to directly invest in the market.
The market is at or near multi-year highs it is not the best time to buy right now for what it is worth.
The worst things you can do is get stock tips off the internet, bulletin boards or junk emails. Do not trust stock brokers at face value they make money if you win or lose. Do not listen to Krammer on CNBC he has as many losers and he does winners. As a matter of fact don't listen to CNBC at all.
Good luck.
Just remember the Golden Rule of the Market.
The only ones guaranteed to make a killing in the market are the Brokers.
The only ones guaranteed to make a killing in the market are the Brokers.
Mutual funds are the biggest sucker game Wall street has ever come up with.
The management fees eat away @ your profit and they only work if you pick the right one from thousands available. Your bank will steer you to buy their MF & most of them are indexers. You will not even notice if there is an up front sales load (You give them $5,000 & they invest $4,975 for you, WTF!) After a couple of years you notice the performance is so so & when you go to sell , oh bye the way there is a redemption charge of 1.5%. If you pick a winner you will be OK. The problem is picking a winning company is easier than picking a winning mutual fund
Sorry Strongbeau, but odds of picking an outstanding winning Mutual fund are significantly slimmer than picking 10-20 companies each with a sustainable competitive advantage and holding them over a 3-5 year period.
1. The best thing you can do is educate your self.
check this site out http://www.shareowner.com/index.html It is the best thing I have seen on the web for retail investors in Canada. ( I have no vested interest in this organization).
2. Do not be in a hurry, take your time, read a lot (Globe & Mail) , watch ROB TV & invest a little $ each month, 3 months etc. Shareowner has low cost programs to make this affordable.
3. Do not try to time the market.
4. Buy small # of shares in many large well known Companies, often the same ones you use often directly or indirectly, such as the banks, Manulife, Shopper Drug Mart, Canadian Tire, Microsoft, 3M, Imperial Oil, Canadian National Railway, Enbridge, Rogers etc
5. Do not chase rumors from your Barber or Neighbor. If your Barber knows the markets so well whats he doing cutting hair.
6. Do not panic when you hear the market is down 100 points in one day & sell. It happens all the time.
7. Do not fall into the technical analysis trap of investing based upon charts
This is the most misused tool out there. Show me a chart that looks like it "will break out soon" & I will show a chart with the exact same pattern which lost 50% of the value. The value of a stock is based upon the ability of the company to make money.
8. If you must buy a Mutual Fund then buy the ETFs (Exchange Traded Funds) such as the ishares which have very low mangement fees (0.25% of assets vs. 2,5% of some mutual funds)
Here is the link http://www.ishares.ca/index.do
8. Educate your self some more
Thats my opinion
The management fees eat away @ your profit and they only work if you pick the right one from thousands available. Your bank will steer you to buy their MF & most of them are indexers. You will not even notice if there is an up front sales load (You give them $5,000 & they invest $4,975 for you, WTF!) After a couple of years you notice the performance is so so & when you go to sell , oh bye the way there is a redemption charge of 1.5%. If you pick a winner you will be OK. The problem is picking a winning company is easier than picking a winning mutual fund
Sorry Strongbeau, but odds of picking an outstanding winning Mutual fund are significantly slimmer than picking 10-20 companies each with a sustainable competitive advantage and holding them over a 3-5 year period.
1. The best thing you can do is educate your self.
check this site out http://www.shareowner.com/index.html It is the best thing I have seen on the web for retail investors in Canada. ( I have no vested interest in this organization).
2. Do not be in a hurry, take your time, read a lot (Globe & Mail) , watch ROB TV & invest a little $ each month, 3 months etc. Shareowner has low cost programs to make this affordable.
3. Do not try to time the market.
4. Buy small # of shares in many large well known Companies, often the same ones you use often directly or indirectly, such as the banks, Manulife, Shopper Drug Mart, Canadian Tire, Microsoft, 3M, Imperial Oil, Canadian National Railway, Enbridge, Rogers etc
5. Do not chase rumors from your Barber or Neighbor. If your Barber knows the markets so well whats he doing cutting hair.
6. Do not panic when you hear the market is down 100 points in one day & sell. It happens all the time.
7. Do not fall into the technical analysis trap of investing based upon charts
This is the most misused tool out there. Show me a chart that looks like it "will break out soon" & I will show a chart with the exact same pattern which lost 50% of the value. The value of a stock is based upon the ability of the company to make money.
8. If you must buy a Mutual Fund then buy the ETFs (Exchange Traded Funds) such as the ishares which have very low mangement fees (0.25% of assets vs. 2,5% of some mutual funds)
Here is the link http://www.ishares.ca/index.do
8. Educate your self some more
Thats my opinion
You can chase growth, but you better have the ability to rebound from inevitable 'draw downs', otherwise known as horrendous losses. Or you can do what I do and find value plays in companies that are still growing (companies that aren't growing and cheap are traps), otherwise known as GARP investing or growth at a reasonable price. Find fund managers that follow this philosophy on investing and you'll do well but not spectacularly.
Remember two things about investing....avoid losses as much as possible, and allow time to compound your gains tax free. I've made a fortune on the stock market in the last 20 years, so it's not impossible for anyone else to do the same. Good luck.
Remember two things about investing....avoid losses as much as possible, and allow time to compound your gains tax free. I've made a fortune on the stock market in the last 20 years, so it's not impossible for anyone else to do the same. Good luck.
pokergod said:
As a beginner, I would recommend looking into ishares http://www.ishares.ca/about_ishares/etf_basics.do
I bought ishares s&p/tsx 60 (xiu) right after 9/11 for $38.00/share
today they are worth $80/Share
http://investdb.theglobeandmail.com...rt_type=+&pl_sh_movement=0&pl_long_movement=0
JohnLarue said:
Couldn't have said it better myself.
I've learned the hard way over the years, both in stocks and labour sponsor funds (don't ever do those).
I've tailored my investment to 3 different levels - some safe bets, some middle of the road, and some fucking crazy, but you never know.
Safe - Bank Stocks (some of my favourites), insurance companies (sun Life, etc.)
Middle - Alcan, Petro Canada, Inco.
Crazy - Wilan, Sierra Wireless, Mega Uranium.
Dogs - Nortel, Delano, Focal Communications, Unique Broadband
Try to go about 75 percent safe to Middle, then the rest, take some risk, you never know.
There are only a few mutual funds that have consistently returned 10 percent every year without fail, but only a few.
It's all a speculative crapshoot. The so-called "experts" (brokers, traders, financial planners) are just guessing, along with %99.99 of the world. That's why it's called the "Rat Race".... everybody runs around a financial maze and ends up back up their own ass.
And, these brokers are to the financial community what lawyers are to the legal community; they are the only ones who win %99.99 of the time. While you are paying them your hard earned cash, they are walking down Bay Street bragging about their opera parties, and how their wife Muffy got a head transplant.
As the great Gordon Gekko once said "your either on the inside, or on the outside". If you are not willing to play that game, then I would start looking at GIC's (including the market-driven variety).... at the very least, the principle amount would be guaranteed.
See you at the polo club; I'll be the guy in the Aston Martin chasing the horses, and the purple-haired old ladies.
Cheerio
And, these brokers are to the financial community what lawyers are to the legal community; they are the only ones who win %99.99 of the time. While you are paying them your hard earned cash, they are walking down Bay Street bragging about their opera parties, and how their wife Muffy got a head transplant.
As the great Gordon Gekko once said "your either on the inside, or on the outside". If you are not willing to play that game, then I would start looking at GIC's (including the market-driven variety).... at the very least, the principle amount would be guaranteed.
See you at the polo club; I'll be the guy in the Aston Martin chasing the horses, and the purple-haired old ladies.
Cheerio
i would suggest a little browsing of some great internet sites
seekingalpha.com
billcara.com
thestreet.com
and check out wallstrip.com for an interesting take and some fun
these are good places to start and can lead to other places in cyberspace that will help you understand what you are getting yourself into
bon chance
seekingalpha.com
billcara.com
thestreet.com
and check out wallstrip.com for an interesting take and some fun
these are good places to start and can lead to other places in cyberspace that will help you understand what you are getting yourself into
bon chance
I love armchair investors. Pokergod, the first mistake you made was coming onto an escort review board looking for investment advice. Not one of these guys has any understanding about your situation and for them to give you any specific advice about investing would be reckless at best, dangerous more likely.
I used to be a broker, owned my own office, worked for a bank, and have been an investor all my life. My first piece of advice is that you should really get advice from someone you trust. This doesn't mean your buddy that you work with, a neighbour or some guy on the internet. Go and interview several advisors, ask friends who they deal with and why, and after talking to several advisors, go with the one you trust most. This may take a while, but if you are in a hurry to plan your future, mistakes will be made. Do not just jump at the first broker, agent, whatever that you interview. Take your time and get to know him/her and let them get to know you as well.
As for the different types of investments out there, there are so many, some of which have been mentioned (and unfairly burned at the stake), many that have not. I personally would recommend that you discuss with a full service broker that is more or less independent and will disclose any conflicts, because everyone and every company will have some sort of conflict, and has access to most every type of investment out there.
I have no vested interest in a brokerage anymore, nor do I really care if you take my advice or the advice of others on here that don't know you or your situation, but if you want to ask me questions in PM, feel free to do so. Understand that I have seen the industry from all sides and would give you advice only based on what I know about you.
Other than that, best of luck to you.
I used to be a broker, owned my own office, worked for a bank, and have been an investor all my life. My first piece of advice is that you should really get advice from someone you trust. This doesn't mean your buddy that you work with, a neighbour or some guy on the internet. Go and interview several advisors, ask friends who they deal with and why, and after talking to several advisors, go with the one you trust most. This may take a while, but if you are in a hurry to plan your future, mistakes will be made. Do not just jump at the first broker, agent, whatever that you interview. Take your time and get to know him/her and let them get to know you as well.
As for the different types of investments out there, there are so many, some of which have been mentioned (and unfairly burned at the stake), many that have not. I personally would recommend that you discuss with a full service broker that is more or less independent and will disclose any conflicts, because everyone and every company will have some sort of conflict, and has access to most every type of investment out there.
I have no vested interest in a brokerage anymore, nor do I really care if you take my advice or the advice of others on here that don't know you or your situation, but if you want to ask me questions in PM, feel free to do so. Understand that I have seen the industry from all sides and would give you advice only based on what I know about you.
Other than that, best of luck to you.
still chasing that first buck, huh?thecoolguyms72 said:
that's what kept me in it, or near it too. my 1st investment was a bust and ever since then i've revolved my life around trying, and succeeding on getting revenge on mr. market... lol...
tcg72 is right. i offered plenty of advice if you search my old threads, but, i've felt my advice has credited all to no avail, or fell on blind eyes... guys not knowing how to beat the market sharing their 'expert' opinions and critiques of my ideas just doesn't get me off anymore.
there are alot of people on terb with deep pockets, but alot of hodads, also. (in Texas, that's big hat, no cattle) the problem is it is an open forum and definitely a BAD PLACE to conjure up ideas on how to spend life savings for a newbie who doesn't know better.
you a poker player? well, successful investors NEVER gamble. but, like tcg72 says, best of luck to you.
luck has more to do with it that anything,I bought 7500 shares of nortel for 67 cents and sold at 5 bucks,it went to 7.50 before coming back down.Bought 7,000 shares of bombardier for 2.60,it is at 6 in change now.Luck,thats it,I figured nortel would not go bankrupt,so what the hell.I bought Lasenza for 17,they sold to victoria secrets,stock went to 50 bucks,I bailed,luck.Oh yea I bought cold effex for 2.50,lots of it,it is 1.50 now,luck,just bad luck,lol.
Educate yourself as best as possible,then roll the dice.
I also buy laboured sponsored funds,5,000 investment costs 500 dollars,they changed the rules now but if you buy Ontario companies you can get 5 grand for 1,000 or so.I have been lucky with them and did ok,if you factor in the tax break,they have done well,luck.
Oh yea used to use a financial adviser,when I made 10 grand from nortel(my pick),they had cost me 7 grand from their stock picks,they told me where I could invest my 10,I drew the line and said goodbye to them.They had also told me to stay away from nortel.
Educate yourself as best as possible,then roll the dice.
I also buy laboured sponsored funds,5,000 investment costs 500 dollars,they changed the rules now but if you buy Ontario companies you can get 5 grand for 1,000 or so.I have been lucky with them and did ok,if you factor in the tax break,they have done well,luck.
Oh yea used to use a financial adviser,when I made 10 grand from nortel(my pick),they had cost me 7 grand from their stock picks,they told me where I could invest my 10,I drew the line and said goodbye to them.They had also told me to stay away from nortel.
The onlt thing I will say and it's not advice because I am in no position to give it. If you do dabble you will find there is no better feeling when your stock goes up and nothing worse when it goes down.
There is the possibility that it may never get back to where you bought it or it could take years, more so with the risky stocks, bank stocks are fairly safe to always go up, especially RBC IMO.
There is the possibility that it may never get back to where you bought it or it could take years, more so with the risky stocks, bank stocks are fairly safe to always go up, especially RBC IMO.
