CKA Forums
Login 
canadian forums
bottom
 
 
Canadian Forums

I invest my money in:
I only get a weekly allowance (aka the Tricks category)  4%  [ 1 ]
I live paycheck to paycheck (only a bank account)  29%  [ 8 ]
RRSP (any type)  29%  [ 8 ]
Mutual funds (non RRSP)  11%  [ 3 ]
Stocks & Bonds  7%  [ 2 ]
All of the above investments.  21%  [ 6 ]
Total votes : 28

Author Topic Options
Offline
CKA Elite
CKA Elite
User avatar
Profile
Posts: 4229
PostPosted: Sun Jun 10, 2007 1:37 pm
 


neopundit wrote:
grainfedprairieboy wrote:
Who exactly were the great financial minds that failed? Wouldn't that be a bit of an oxymoron?


Burton Malkiel? Myron Sholes? Robert Merton? I don't know.

Everyone "knows a guy" who's made all kinds of money day trading. The fact is, you can't make money "playing" the stock market. A big part of that is, as I think you mentioned, transaction costs which eat away any slight profit advantages you may uncover.

People who make money will usually have asymmetrical information, leverage or got lucky.

But, as I said, good luck. If there IS a solution, it's still out there.



Burton Malkiel? Myron Sholes? Robert Merton? Never heard of any of em. Where they Liberal Finance Ministers?

Anyway. I agree that making significant amounts of money in the stock market is rare for amateurs.


Offline
Forum Addict
Forum Addict
User avatar
Profile
Posts: 939
PostPosted: Sun Jun 10, 2007 1:49 pm
 


grainfedprairieboy wrote:
Burton Malkiel? Myron Sholes? Robert Merton? Never heard of any of em. Where they Liberal Finance Ministers?


Two won the Nobel Prize in Economics for their work in the field of finance (both MIT PhD's, one is even from Timmis). The other is a professor of economics at Princeton, was once the president of the AFA and, really, wrote the book on the efficiency of markets and the inability to "beat" them.

I was just throwing names out there.


Offline
Forum Junkie
Forum Junkie
User avatar
Profile
Posts: 710
PostPosted: Sun Jun 10, 2007 11:34 pm
 


newfette wrote:
i'm 26.. and single.. simmer


not that many guys are interested in a 26 year old workaholic anyways


Sez who?
Then I can retire?
:D


Offline
CKA Uber
CKA Uber


GROUP_AVATAR
User avatar
Profile
Posts: 42160
PostPosted: Mon Jun 11, 2007 2:47 am
 


I invested a lot of my income/savings into real estate and PM funds, while my wife has diversified quite a bit more, but a large part of her investments were in the RBC. Even though China is hot right now, I took a bath in '97 and will never invest in Asian Growth funds ever again. Everything here is all about appearance and very little about substance. Combine that with endemic corruption and there is bound to be another melt down here soon.


Post new topic  Reply to topic  [ 79 posts ]  Previous  1  2  3  4  5  6



Who is online

Users browsing this forum: No registered users and 2 guests




 
     
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © Canadaka.net. Powered by © phpBB.