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CKA Super Elite
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PostPosted: Tue Sep 04, 2007 6:51 am
 


Can anyone point me in the direction of an idiot prrof guide to getting started with stocks?

My bank is spinning me in circles. I don't want to invest much, I just want dabble a little bit to see how it works.


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PostPosted: Tue Sep 04, 2007 7:15 am
 


Have you talked to your local SISIP guy/lady :D


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PostPosted: Tue Sep 04, 2007 8:47 am
 


Buy stocks in your bank. They always pay dividends and their value always increases.

I'd also recommend dropping the stocks idea if you have limited funds and go with a Self-Directed RSP with someone like TD Waterhouse. You can set up an account and do everything online.


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PostPosted: Tue Sep 04, 2007 9:04 am
 


bossdog wrote:
Can anyone point me in the direction of an idiot prrof guide to getting started with stocks?

My bank is spinning me in circles. I don't want to invest much, I just want dabble a little bit to see how it works.


Here, call Franklin Templeton Canada and ask them for some free info - and then if you aren't up on stocks I'd recommend starting with buying funds to establish your portfolio and then after you get going you can start investing dispensible income into stocks.

http://www.franklintempleton.ca/ca/reta ... t_home.jsp

Toll Free, English: 1-800-387-0830 8am-8pm, (ET)
Greater Toronto Area: 416/364-4672


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PostPosted: Tue Sep 04, 2007 9:09 am
 


bossdog wrote:
Can anyone point me in the direction of an idiot prrof guide to getting started with stocks?

My bank is spinning me in circles. I don't want to invest much, I just want dabble a little bit to see how it works.


There is no "idiot-proof" guide to getting started in stocks. The market is full of idiots.

Perhaps the best book for beginners, though, is One Up on Wall Street by Peter Lynch. Another is Contrarian Investment Strategies The Next Generation by David Dremen.

Here is a list of books I recommend. They range from books for amateurs to books for professionals.

http://runningofthebulls.typepad.com/to ... k_log.html

The greatest book of all time IMO is Reminiscences of a Stock Operator, but that may be a step or two above starting level.


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PostPosted: Tue Sep 04, 2007 9:43 am
 


You might want to invest with just one knowledge: Diversity. Don't invest all your money in the same hole. Fragment your investments in multiple areas to play safe. Be patient and knowing when to pull it out.


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PostPosted: Wed Sep 05, 2007 2:00 am
 


:? Thanks guys...I think I'll wait until I get my feet back on the ground in Canada so I can talk to somebody face to face.


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PostPosted: Tue Oct 02, 2007 2:45 pm
 


read "fleecing the lamb" then start up and e-trade account. that's what I did

I'm addicted to the TSX-V and junior speculative stocks, just don't invest your life savings and remember that it's a game that can kick your ass twice as fast as it can make you rich


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