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How do you invest your money?
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Author:  Clogeroo [ Sat Jun 09, 2007 9:48 am ]
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I think I broke the thread. :P

Author:  ziggy [ Sat Jun 09, 2007 9:48 am ]
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Clogeroo wrote:
I think I broke the thread. :P
You bastard.

Author:  Clogeroo [ Sat Jun 09, 2007 9:50 am ]
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Or maybe it is fixed now?

Author:  ziggy [ Sat Jun 09, 2007 9:51 am ]
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Clogeroo wrote:
Or maybe it is fixed now?
maybe,some posts go to that big topic in the sky,some to page 1.I had 65,000 pm's last night,think theres a few gremlins around.

Author:  Biblical_Christian [ Sat Jun 09, 2007 10:04 am ]
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I wanna put some antiques on EBAY, did you know there is 1 billion people online right now? and 1 trillion dollars changed hands last year, online?

Author:  Biblical_Christian [ Sat Jun 09, 2007 10:05 am ]
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Or start a website. Would be cool.

Author:  Biblical_Christian [ Sat Jun 09, 2007 10:07 am ]
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Clogeroo wrote:
I think I broke the thread. :P
Looks good on you, he, he, he.

Author:  grainfedprairieboy [ Sat Jun 09, 2007 6:03 pm ]
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DerbyX wrote:
My goal is to build up an income generating portfolio and, if I learn to play the market properly, make money by buying and selling stocks over the short haul.

My company RRSP is already tax sheltered and I desire I can deposit it anywhere I want though they are affiliated with Manulife and offer a portfolio of some 40 mutual funds to invest in. Currently I invest in 6 different funds. I doubt I could have achieved the return on my investment thatthey have.

Now that my RRSP is financially on track to provide a good income at normal retirement age I am using my extra money to invest in stocks. So far it has been less then successful but like anything there is a learning curve. I actually looked at Ziggy's stock tip and if the power hadn't cut out last night might have seriously invested. A few things made me hesitant. Both AEM stocks have been declining steadily for about 3 months just as my other mineral pick and both picks announced better then expected mineral analysis. Unless I am missing something that should have been a good thing. By that rationale I should invest in some mining company that reports they found nothing of worth but are going to dig a bunch of holes just for the hell of it.


None of my business but you're soliciting advice so here is my 2 cents worth.

If you are disposing of say 1000.00/ month into stocks in one year you will have invested 12,000.00. If after broker fees, capital gains tax and some pretty smart investing you can earn a profit of 7% that is only $840.00.

Now take that same 12,000.00 and buy a small 250,000 apartment in anywhere Canada for 5% down (you'll have to lie about your residency to get 5% but welcome to the world of business). Now for your 12,000 investment your asset will appreciate likely 5% per year earning your entire investment back within the first year. Then of course you'll have to hire some firm to manage it but generally you should operate on the 25% rule of profit over expenditures on real estate. A little apartment like that should put about 500.00 per month in your pocket after all expenses.

On 12,000 to invest.

Stocks - 840.00 - year

Apartment: 6000 rental income (after expenses)
12,000 equity

18,000

In 10 years or whenever you need money you can do a draw down on the equity and there is no capital gains tax to pay as it's leveraged capital.

.

Author:  Scape [ Sat Jun 09, 2007 6:14 pm ]
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You could try you hand at currency trading and knowing how the dollar is sure to rise make money off that.

FXCM allows you to set up a paper account you you can understand the basics and they have a lot of free info if you want to try you hand at it.

Author:  Tricks [ Sat Jun 09, 2007 8:19 pm ]
Post subject:  Re: How do you invest your money?

DerbyX wrote:
Just a little thread to see how CKA'ers invest their money and possibly generate some discussion about what are the best investments for the future and any investment strategies that have/have not worked.

Personally I have only been investing for a short time ~4 years. My company matches my own RRSP contribution so that was a big incentive to start. It all goes into manulife mutual funds which have done well as over the 4 years I've averaged a 14.7% return (as of today).

I also invest in stocks but I have only been doing that for a couple of months. That hasn't been going as well as I had hoped.

1/2 of my portfolio is in dividend paying stocks purchased with long term growth in mind and the other 1/2 investing in cheaper stocks to turn a quick profit by so-called day trading. That hasn't been very good since 1 particular stock I had been following for awhile (always going up) was doing well and once they announced their mineral analysis showed an even higher amount of minerals then estimated I assumed the stock would skyrocket and quickly bought 800 shares. Needless to say I am very chagrined and annoyed (not to mentioned mystified) that the stock has fallen quite a bit.

Live & learn I guess.

So anyone else wanting to share their investment strategies please feel free to be as specific or vague as you like.
You asshole. I do have a job.

Author:  grainfedprairieboy [ Sun Jun 10, 2007 1:38 am ]
Post subject:  Re: How do you invest your money?

Tricks wrote:
DerbyX wrote:
Just a little thread to see how CKA'ers invest their money and possibly generate some discussion about what are the best investments for the future and any investment strategies that have/have not worked.

Personally I have only been investing for a short time ~4 years. My company matches my own RRSP contribution so that was a big incentive to start. It all goes into manulife mutual funds which have done well as over the 4 years I've averaged a 14.7% return (as of today).

I also invest in stocks but I have only been doing that for a couple of months. That hasn't been going as well as I had hoped.

1/2 of my portfolio is in dividend paying stocks purchased with long term growth in mind and the other 1/2 investing in cheaper stocks to turn a quick profit by so-called day trading. That hasn't been very good since 1 particular stock I had been following for awhile (always going up) was doing well and once they announced their mineral analysis showed an even higher amount of minerals then estimated I assumed the stock would skyrocket and quickly bought 800 shares. Needless to say I am very chagrined and annoyed (not to mentioned mystified) that the stock has fallen quite a bit.

Live & learn I guess.

So anyone else wanting to share their investment strategies please feel free to be as specific or vague as you like.
You asshole. I do have a job.


[huh]

Author:  Scape [ Sun Jun 10, 2007 12:31 pm ]
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Me too but after that retort I roared!

Author:  neopundit [ Sun Jun 10, 2007 12:56 pm ]
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DerbyX wrote:
My goal is to build up an income generating portfolio and, if I learn to play the market properly, make money by buying and selling stocks over the short haul.


Good luck with that. Some of the greatest financial minds in the history of the world have tried and failed.

Author:  grainfedprairieboy [ Sun Jun 10, 2007 1:04 pm ]
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neopundit wrote:
DerbyX wrote:
My goal is to build up an income generating portfolio and, if I learn to play the market properly, make money by buying and selling stocks over the short haul.


Good luck with that. Some of the greatest financial minds in the history of the world have tried and failed.


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

Author:  neopundit [ Sun Jun 10, 2007 1:15 pm ]
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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.

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