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stock advice

1. subscribe to this investment newsletter, follow it to T and stay with it long-term:

http://www.navellieremerging.com/index.php

If you can stomach it, it averages about 30% per year... but is incredibly volatile. Most can't handle the fluctuations, but it is the best way to do things...

Case in point... my brother started investing w/ this portfolio in 2001 with money from selling a house $120k... he invested $10g's per month evenly throughout 2001... had $33k left at the end of the year! Now his portfolio is worth over $900k at last check.

2. get on board with a low-cost discount broker that is one of the top 3 ranked by globe & mail... u r Canadian, right? if not, Americans have much more to choose from.
 
hunter001 said:
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. :D

Good luck.
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Krammer's picks gained more then lost. So far his best pick is APPLE. APPLE went up over 40 percent since he suggested it a few months ago. His stinker NYSE down 21 percent.
 
21pro said:
1. subscribe to this investment newsletter, follow it to T and stay with it long-term:

http://www.navellieremerging.com/index.php

If you can stomach it, it averages about 30% per year... but is incredibly volatile. Most can't handle the fluctuations, but it is the best way to do things...

Case in point... my brother started investing w/ this portfolio in 2001 with money from selling a house $120k... he invested $10g's per month evenly throughout 2001... had $33k left at the end of the year! Now his portfolio is worth over $900k at last check.

2. get on board with a low-cost discount broker that is one of the top 3 ranked by globe & mail... u r Canadian, right? if not, Americans have much more to choose from.
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Awesome advice !
 
terby said:
Krammer's picks gained more then lost. So far his best pick is APPLE. APPLE went up over 40 percent since he suggested it a few months ago. His stinker NYSE down 21 percent.
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Kramer knows his stuff... but, he is caught up in CNBC politics, so read between the lines on stuff.

Also, if you were to buy every one of his buys, you'd own over 200 stocks currently. Not to mention how many stocks you'd buy one week and literally turn around and sell at loss the following week... My guess is you'd probably do better owning a proper index fund... it would be a lot less work, too!!

but, I do listen to Kramer's silly little tv show to get his insight.
 
alan9080 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
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One piece of advice I got long ago was don't try to get rich fast (because you have aboout 99.something % chance of failing), but try to get rich slow. Like in the above example, if you can double your money every 6 years or so, you will reap the rewards later in life. At this rate, day-to-day or month-to-month even, the growth looks glacial, so you need to be in the right headspace to be patient and keep focused.

I also invest heavily in iShares.
 
try to balance your portfolio:


Bre-X mining
AOL- telecom
Livent - theatre
Enron - energy
 
MichaelZzzz said:
Also gave a real time example on the NYSE then at $84.47 + a $4.00 a share special dividend. Got ridiculed by the peanut gallery of terb. So like others I simply choose not to enter these discussions too much. There are few people here who have anything credibile to offer.

FWIW current price $95.85, 4 months later.
I paid $78 and collected $4.50 in dividends.
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If Nasdaq & LSE remain left out of M & A party, the other Exchanges only stand to benefit.
 
mmouse said:
An email for US $995 a year? Now that's the way to make money!
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sure, if you have money to invest. that portfolio averages around 30% rate of return per year. for someone that knows little about picking stocks, they can do better than almost ANY investment out there. and almost surely better than any experienced day trader would or could do. in fact, there isn't a day trading professional that has a newsletter that outperforms this newsletter or even comes close for that matter. it kinda says something about day trading, doesn't it?

i make it mandatory that I keep my investment costs below 1.5%, so on a portfolio worth over $100,000 and up, there easily is room for this cost + the commission costs if you use a discount online broker like Qtrade (the one i recommended).

what some people in small groups or families do is split the cost of the subscription, say 5 ways (ie, $200 each), and share the information among the small group.... it's a good way to get started.
 
lickrolaine said:
luck has more to do with it that anything,.
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Oh, it does not!! You can buy a basket of out largest companies, companies that regularly increase dividends every year, and do very well. And luck has nothing to do with it. Most of my friends at work think like you and have all their money in GICs earning nothing. My bank shares are yielding me 18% on their original purhase prices and have gone up over 100% over the past 5 years. Are the banks "risky"?
Ok so you won't make 100% on a bet, but that's speculation not investing.
It's an enormous privilege to be investing alongside the cream of society like the Thompsons and the Gates of this world, and I'm constantly amazed that the average person doesn't just follow their leads. Just amazing.
 
Investing only becomes complicated if you try and beat the market. If you are content with a decent return just throw all your money into some large, cheap (low MER) index funds and forget about it. If you think you are really clever and you want to beat the market then it gets really hard and you'll have to stand ready to spend a lot of time educating yourself.

If you're not good at drawing up a budget you might want to sit down with a financial planner and work out how much you need to save, whether you need insurance, but investing itself can be really simple if "good enough" is good enough for you, and you'd rather spend time with your family than pouring over financial reports in an effort to extract a few more basis points from the market.

Throw your money into an indexed fund and you're guaranteed to get the average return. Never worse than average. Never better. You won't be able to brag about your amazing stock picking advice. You will be able to brag that you spend a lot more time on the beach than the guy who is up all night reading quarterly reports to work out which stock to pick.
 
Be Carefull

pokergod said:
looking to invest in stocks, a beginner. Would like some help or advice on what kind of stocks to buy, when to buy, how much to buy. How to chose a company to buy stocks in, stuff like that. Also whats the difference between in the tsx and venture. Thanks
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BE CAREFULL DUDE, the market is at an all-time high, the fast money has already been made.... it cant keep going up forever, a correction is well overdue.....safest BET for beginners are DIVERSIFIED mutual funds......you might not make as much, but you wont get burned as bad either........buying them on a monthly basis is best......not all at once...educate yourself first .......dont go chasing individual stocks.......dont listen to those assholes on TV or Newspaper articles....they usually have a vested interest in the stocks they recommend and are usually dogs.......you can have your head handed to you on a platter................

God Bless..................Andy
 
JohnLarue said:
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
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How about mutual funds that are sold by ING direct, John?
ING don't charge any kind of fees. No matter if you buy or selling. I know that they have limited variety of funds, but there is no admin or redemption fees.
 
From my point of view, diversification is the key. This includes splits between equities, bonds/GIC's and cash. And different sectors for the equities. Then, you find when something goes down, something else goes up, and it balances out.

If you have enough cash - I supsect $100K is a magic number, then stocks are a good bet, with 10-20 (no more) split between different sectors. Go with dividend paying blue chips, in the top 5 by market cap in their sector, and you won't get quickly, but you will grow a nice portfolio over the years. Be patient, and weather the ups and downs. No need to be looking at the market 2-3 times a day, or even every week.

If you have less than $100K, then mutuals make good sense to get the diversification you need for safety.
 
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