Official STOCK MARKET Thread @@@!!!

philliivey

moose;392570 wroteThese are obv the funds he has avail through work plan.

Yup moose is correct, This is through work. :)

AcidJoe

Sorry I gapped on the part of these are work funds.....

philliivey

Up 27 bucks on the 1 account and up about 7 bucks on the smaller account after 1st day.:wav:

BlondeFish

Globe and Mail’s multi-part ETF Buyer’s Guide. For those who haven't tried an ETF yet, it is one of the best investment vehicles. Forget about day trading, stock trading against insiders like David Baazov, "Infinite Banking Concept" ??? and other high-rake products.

AcidJoe;392568 wroteif you have enough $$$ use ETF funds rather than mutual funds, as the % rake is far less.

philliivey

BlondeFish;399936 wroteGlobe and Mail’s multi-part ETF Buyer’s Guide. For those who haven't tried an ETF yet, it is one of the best investment vehicles. Forget about day trading, stock trading against insiders like David Baazov, "Infinite Banking Concept" ??? and other high-rake products.

I will check it out, I have been watching the money programs for the last few months and I see ETF'S mentioned quite a bit.

I stopped contributions for awhile but started rrsp late last year again like the minimum for a match. I currently want to pay down some debt more though.

compuease

philliivey;399951 wroteI will check it out, I have been watching the money programs for the last few months and I see ETF'S mentioned quite a bit.

I stopped contributions for awhile but started rrsp late last year again like the minimum for a match. I currently want to pay down some debt more though.

Do not put off contributing to an RRSP (especially matching plans) as the tax break you get will outweigh the interest you pay on your debt assuming it's not credit card at exorbitant rates. If you don't contribute and just try to pay down debt you likely will fall into the trap of just borrowing more every time you get a chunk paid off and 10 years from now you will realize that you still haven't started an investment plan. A mixed plan where part pays off debt and part goes into investments is best. Do it NOW or you will never start... This way you see your debt going down and savings going up, it makes you feel good and soon your looking for ways to do more.

philliivey

compuease;399954 wroteDo not put off contributing to an RRSP (especially matching plans) as the tax break you get will outweigh the interest you pay on your debt assuming it's not credit card at exorbitant rates. If you don't contribute and just try to pay down debt you likely will fall into the trap of just borrowing more every time you get a chunk paid off and 10 years from now you will realize that you still haven't started an investment plan. A mixed plan where part pays off debt and part goes into investments is best. Do it NOW or you will never start... This way you see your debt going down and savings going up, it makes you feel good and soon your looking for ways to do more.

Aye, I have been reading lot's on what's best to do, save or pay down debt. After this week I will have the suggested $1,000 as a emergency fund though it is in a tfsa. I will put what I am contributing to that to my employer match.

This may not be popular but I could listen to Kevin O' Leary all day talk about money matter's.

trigs

debt sucks. can't wait until my house is paid off. luckily that's all i have though. i've recently started a TFSA and am investing through that right now.

Toronto Pimp

I know i am pretty dumb at poker but i think i did pretty well at the finacial planning. I fully retired at 40 and my parents were not rich, dad was a truck driver and Mom was a secretary. I grew up in the ghetto of Rexdale and my parents still live there.

take full advantage of the maximum of what your company will match. I always would put in the maximum inwas allowed and always got back a decent return come tax time. You can pay down your debt with the tax return and still realize the full advantage of your company matching your contributions.

Your company is offering you free money..... Always take the free money.

BlondeFish

Wow, so many dream of Freedom 55 early retirement, but you did it at Freedom Forty. I will have to hear how you got to "Rub it on your titties" so early.

https://youtu.be/WYMG0yY88pM

Toronto Pimp;399972 wrotei think i did pretty well at the finacial planning. I fully retired at 40 and my parents were not rich

philliivey

Toronto Pimp;399972 wroteI know i am pretty dumb at poker but i think i did pretty well at the finacial planning. I fully retired at 40 and my parents were not rich, dad was a truck driver and Mom was a secretary. I grew up in the ghetto of Rexdale and my parents still live there.

take full advantage of the maximum of what your company will match. I always would put in the maximum inwas allowed and always got back a decent return come tax time. You can pay down your debt with the tax return and still realize the full advantage of your company matching your contributions.

Your company is offering you free money..... Always take the free money.

Thanks. I started working when I was young cause I wanted to retire at 40 myself. My retire is working for myself and not others though lol.

BlondeFish

Why this stock picker switched to index investing

The Globe and Mail’s ETF Buyer’s Guide, Part 4

moose

If you have an account with TD Waterhouse, they are giving away one free trade today.

BlondeFish

The Poker Player's Guide to Financial Market Investing by Collin Moshman.

I owe Collin Moshman for a lot of my profits in SNGs, single-table tournaments and satellites, and he now explains how to make money in investing.

... suppose that you enjoy setting money on fire, but run out of matches – so you decide to buy stock in Amaya.
:biggrin:

ReefAquarium

BlondeFish;401364 wroteThe Poker Player's Guide to Financial Market Investing by Collin Moshman.

I owe Collin Moshman for a lot of my profits in SNGs, single-table tournaments and satellites, and he now explains how to make money in investing.

Just read that article, I agree with all of it.

ReefAquarium

moose;392566 wrote10% bond
30% CDN equity
30% us lg cap growth
30% int equity

I like this mix. I set up something close to this a year ago.

Now my mix is horribly not diversified.

Computer tech stocks 60%
S&P 500/TSX 35%
fixed income 5%

philliivey

Ya I have changed mine as well since, Up and down like a yo yo but currently gains in all accounts. I am wanting to find other employment though and depending on what I do ( buying property) I will most likely be "cashing out" 2 of the accounts. The other account is a locked in account so can't touch it.

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