You play with individual stocks in your child's RESP? I put them all in the TD index eFunds ten years ago. My spouse prefers the mattress.
Yep, as we talked about, buy when others are selling and sell when others are buying... As for playing with RESP no different with me playing with RRSP's. As long as one doesn't need the money in the short term, ie <2 years, then you need to maximize your returns.. Index funds (and mattress) are ok for small amounts or money needed short term but not for long term growth.. Jah and I may not agree on everything investment wise but we're not that far apart...
Strongly disagree on this part. As moose & a few others here may know, the stock market indices and Exchange Traded Funds are great for long term growth, and will outperform individual and almost all professional traders. Why do you think I got to retire early from IBM?
Strongly disagree on this part. As moose & a few others here may know, the stock market indices and Exchange Traded Funds are great for long term growth, and will outperform individual and almost all professional traders. Why do you think I got to retire early from IBM?
Not from investing in Index funds.... Not sure how long you worked for IBM but I know it wasn't as long as I. Seriously doubt you made enough at IBM to retire early, it came from somewhere else.. Unless your really 100 years old..:bs:
One thing I do want to point out about index funds. Their big advantage is lower management fees vs traditionally managed funds.. I do think that a smart investor (I don't claim I am one, although I wish I knew 20 years ago what I know now) can do better by himself as long as he/she spends the time to properly manage the assets.
Nice bump in Apple today. Got lucky and bought one April 23 $525 call today for $1,200. Rather hold calls through earning season than underlying shares.
As for stock tips, that BEV on the TSX I recommended a year ago 'may' finally be on the verge of doing something with their hoard of cash, but it basically hinges on an unknown next move at this point. Currently trading at below cash in the bank but have no actual business. A motivated CEO who is advised by Sam Belzberg was just installed a couple of days ago to get the party started. Can't really fully recommend it at this point but if the stock doubles I'll be sure to say "I told you so" ^-^
P.S. It may actually be delisted from the TSX at some point (doubt it will actually happen though) so probably not the investment for most.
Since this post a little over a year ago the stock was delisted from the TSX to the Venture and has been halted for a few months while some aspects of a royalty income transaction are finalized. It is opening trading tomorrow morning and should move up nicely. It will be returning to the TSX big board in a couple of weeks under the name Diversified Royalty Corp. Should finally be a winner and at last price would pay about a 10% distribution
Edit Sept 9....was up 18% today and up about 35% since I first mentioned it. Not that you almost couldn't have thown a dart at a stock page and matched or beat those numbers over the past couple of years mind you....lol.
This should run more once it hits the TSX and name change in a couple of weeks and currently has a potential payout of about 8.5% per year (likely to shrink to about 6% as it rises to $3 over the next few months). My largest position ever so no complaints here.
Since this post a little over a year ago the stock was delisted from the TSX to the Venture and has been halted for a few months while some aspects of a royalty income transaction are finalized. It is opening trading tomorrow morning and should move up nicely. It will be returning to the TSX big board in a couple of weeks under the name Diversified Royalty Corp. Should finally be a winner and at last price would pay about a 10% distribution
Edit Sept 9....was up 18% today and up about 35% since I first mentioned it. Not that you almost couldn't have thown a dart at a stock page and matched or beat those numbers over the past couple of years mind you....lol.
This should run more once it hits the TSX and name change in a couple of weeks and currently has a potential payout of about 8.5% per year (likely to shrink to about 6% as it rises to $3 over the next few months). My largest position ever so no complaints here.
Hit $3 today. Anybody get on this train? It's now paying me thousands in dividends a month to lose in poker!
Phil, if you have enough $$$ use ETF funds rather than mutual funds, as the % rake is far less.
If not google couch potato and it will give you lost cost mutual funds to use.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Comments
Buy more and avg down... Will bounce back this week or next at the latest...
Gold? we're not there yet..
Exactly, these are not the fanatics in the middle east... If anything this may prevent a civil war..
Yep, as we talked about, buy when others are selling and sell when others are buying... As for playing with RESP no different with me playing with RRSP's. As long as one doesn't need the money in the short term, ie <2 years, then you need to maximize your returns.. Index funds (and mattress) are ok for small amounts or money needed short term but not for long term growth.. Jah and I may not agree on everything investment wise but we're not that far apart...
Not from investing in Index funds.... Not sure how long you worked for IBM but I know it wasn't as long as I. Seriously doubt you made enough at IBM to retire early, it came from somewhere else.. Unless your really 100 years old..:bs:
One thing I do want to point out about index funds. Their big advantage is lower management fees vs traditionally managed funds.. I do think that a smart investor (I don't claim I am one, although I wish I knew 20 years ago what I know now) can do better by himself as long as he/she spends the time to properly manage the assets.
She must have had a heart attack a couple years ago. What specific ETFs are you referring to? I have only held ETFs short term.
Robinhood trading app has 340,000 wait list - The Buzz - Investment and Stock Market News
Since this post a little over a year ago the stock was delisted from the TSX to the Venture and has been halted for a few months while some aspects of a royalty income transaction are finalized. It is opening trading tomorrow morning and should move up nicely. It will be returning to the TSX big board in a couple of weeks under the name Diversified Royalty Corp. Should finally be a winner and at last price would pay about a 10% distribution
Edit Sept 9....was up 18% today and up about 35% since I first mentioned it. Not that you almost couldn't have thown a dart at a stock page and matched or beat those numbers over the past couple of years mind you....lol.
This should run more once it hits the TSX and name change in a couple of weeks and currently has a potential payout of about 8.5% per year (likely to shrink to about 6% as it rises to $3 over the next few months). My largest position ever so no complaints here.
Hit $3 today. Anybody get on this train? It's now paying me thousands in dividends a month to lose in poker!
stocks.jpg
30% CDN equity
30% us lg cap growth
30% int equity
Thanks moose! I will give it a try if I can, I will buy you a chip set if I make the $$$.
If not google couch potato and it will give you lost cost mutual funds to use.
Yup moose is correct, This is through work.
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.
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.
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.
https://youtu.be/WYMG0yY88pM