foiled
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Post by foiled on Apr 3, 2014 16:27:48 GMT -5
Hello All,
I have enjoyed reading many topics (especially the long term and dividend investor threads) on this board over the last while, but this is my first post. I am currently consolidating my many expensive mutual funds in various registered retirement accounts into an online brokerage in order to reduce fees. It was crazy- simply using a different series of the same bank managed mutual funds in the online account would save about 0.5% in fees! Once I realized (thanks somewhat to this board) that it would be easy to reduce fees even more, I came up with this mix that kind of replicates what I had in the mutual funds. Note I am in Canada, and this is ~30 year retirement money in an RRSP (similar to a 401K). Any glaring holes? Any stocks you would switch out?
I want to keep the asset allocation close to 33% US, 33% Canada and 33% other.
Any thoughts, criticisms or suggestions are appreciated!
Parker Hannifin (PH) 5% Emerson Electric (EMR) 5% General Electric (GE) 5% Johnson and Johnson (JNJ) 5% Kraft (KRFT) 5% Chevron (CVX) 5% Royal Bank (RY) 5% Bank of Nova Scotia (BNS) 5% Telus (T) 5% Enbridge (ENB) 5% Subtotal: 50%
S&P500 Index ETF (XSP) 10% S&P TSX Index Fund (XIC) 10% MSCI EAFE Index ETF (XEF) 25% MSCI Emerging Markets ETF (XEC) 5% Subtotal: 50%
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Ombud
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Post by Ombud on Apr 4, 2014 6:57:20 GMT -5
Why do you have both an index fund and an index etf? And you're already diversified with a single SP500 so just pick the one with the lowest fees
My retirement accts are in SPY, SCHD, SCHA, SCHF
My brokerage account is 50% core (primarily lg cap dividend plays auto reinvested), 25% explore (sm caps), currently 25% cash
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Deleted
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Post by Deleted on Apr 4, 2014 7:15:42 GMT -5
So, do you guys have no bonds in your mix, or am I reading that wrong?
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Ombud
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Post by Ombud on Apr 4, 2014 7:41:31 GMT -5
No bonds but I did inherit CDs paying 5%. I'd sell them but they do pay 5%. That's part of the cash
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Deleted
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Post by Deleted on Apr 4, 2014 7:43:24 GMT -5
Aren't bonds supposed to be part of the mix? Or did I misread boggleheads, et al...
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Ombud
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Post by Ombud on Apr 4, 2014 8:06:01 GMT -5
You didn't misread. I should have them I guess. Just have no interest in bonds.
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The Virginian
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"Formal education makes you a living, self education makes you a fortune."
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Post by The Virginian on Apr 4, 2014 8:54:16 GMT -5
Aren't bonds supposed to be part of the mix? Or did I misread boggleheads, et al... Not in my world ! No Bonds ! Just all Large Cap Dividend Stocks. Maybe if you found a good deal on Bonds and you bought them directly - No Bond Fund but otherwise I don't like bonds.
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Deleted
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Post by Deleted on Apr 4, 2014 9:44:23 GMT -5
Now I'm rethinking... Anyone else weigh in on this?
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foiled
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Post by foiled on Apr 4, 2014 10:30:00 GMT -5
Hello!
Ombud: I must have deleted the Exchange Traded part in front of the "fund" for the S&P TSX EFT. I have this one (XIC) to round out the Canadian Market, and the other to get the rest of the US.
With regards to your cash at 25%, one thing that I have been worried about are the valuations of my dividend stocks- they all look expensive to me! I realize that I already hold lesser amounts of these in my existing mutual funds (so it sould be a straight swap) but I might hesitate when it comes to actually buying at 52 week highs!
Would you wait to buy on dips for the individual stocks?
Thank you!
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foiled
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Post by foiled on Apr 4, 2014 10:43:06 GMT -5
Regarding bonds. I also do not like bonds for long term money. I don't really trust governments to be good managers of money, so why loan to them? And if you trust a corporation to manage money well, why wouldn't you just buy the company instead of their bond? If you are just looking for income, I think bonds could play a roll, but for me with ~30 years to go they don't fit in.
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The Virginian
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Post by The Virginian on Apr 4, 2014 12:55:20 GMT -5
I am a believer that Dividend Stocks can provide just as much , if not more income than bonds when you need the income and you can still see appreciation in the equities themselves. Some worry about short term declines in the stock price but the dividends keep rolling in regardless so I love dividend stocks. Plus, I love the compounding effect they provide.
Just a note : I am 100% in stocks ( Mostly individual Stocks) - no cash in my portfolio (less than 1%) gives me maximum use of the money. I have a list of my portfolio on the Dividend thread and WXYZ has a great list on his Long Term thread. Both of us have very close investment strategies - just a few differences. Basically we both like Large Cap, Dividend Stocks that have Iconic Products or Services ( the products that almost everyone knows and uses )
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Deleted
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Post by Deleted on Apr 4, 2014 18:29:36 GMT -5
You could follow the "Sound Advice" {ROFLMAO} of the PROs and run a 3 way mix of assets; or you could follow the "Sound Advice" {Again ROFLMAO} of other PROs and run a 50/50 mix of assets (Bonds/Cash or Cash/Stocks or Stocks/Bonds);
OR.
You could break from the human hamster wheel and consider that "Sound Advice" for what it really is. Which is a way to:
Generate Fees, & hopefully lots of them in all sorts of interesting, confusing and sneaky ways;
(1) Generate Fees and hopefully lots of them, in all sorts of interesting and sneaky ways, many that are so muddy one has little chance of figuring out how or why the fee is there.
(2) Keep the "Sheeple" in a defined corral, where they can drive the "Sheeple" to & fro, as the whim strikes them, whereby allowing them to profit either from lower or higher prices depending on which side they are on and what they need for their profits;
(3) A perfectly legal way for the majority of "PROs" to stroke their ego & further the Cult Of Personality which leads to situations like MADOFF, STANFORD & many, many others both past, present and Yet to come; which people continue to fall victim to...
In a nutshell by and large the "Sound Advice" is nothing more than a way to create a "Hook", and if it works one is instantly Addicted to the rush. And it doesn't matter whether you Gain or Lose money; Once "Hooked", your "Hooked".
If you Gain you feel Elated, On Top Of The World; You can do no wrong. If you Lose you feel let down, frustrated; But you rationalize; "Wrong Timing", : Bad Market", "Soft Economy", ETC...
This is a prime example of BEHAVIORAL ECONOMICS & Mob Mentality in motion; and it is what the "Sound Advice" has been based upon by "PROs" since the first time something was exchanged at the dawn of time...
Think about this carefully. Think about this rationally. Think about this reasonably... Now consider the following, and then the statement after it being completely honest:
If someone created a Microwave Oven which not only Popped popcorn, but also Copied Documents, Watered The Lawn, Manicured Your Nails, Prepared Your Taxes Flawlessly, Had A Satellite Radio & Promised To Cure Cancer; Would you Buy It? Probably Not.
If (A) happened AND, All your friends were buying it, every other Ad on T.V. touted it, several well known Celebrities endorsed it and you were the only one in your neighborhood who didn't have it; would you buy it? Most Likely Yes...Why? Because, everyone else was and you would just have to have it...
Think I am kidding about the truth of (B) above? I'm not..And I can prove it..
Look At BEANIE BABIES.. Did anyone need them? NO. Did every other Ad on T.V. hock them? YES. Did Celebrities tout the Collectability of them? YES. Did nearly everyone buy them? YES. Were there ever "enough" of the "limited have to have Special Ones"? NO. Did people fight over them? YES. Are they worth much of anything now? NO. Did People literally go bankrupt because of them? YES...
Look at TICKLE ME ELMO back when it first came out... That "Must Have" was worse.. Not only did fights break out in stores over the damn things, but they were the root cause in a large uptick of Home Invasion Robberies.. And at least 2 of the fights that broke out over them ended with one person losing their life, Over a toy..
Hype & Belief. Smoke & Mirrors.. People know better, yet they keep doing the same stupid things; Over & Over & Over... ----------------------------------------
Now, Bonds specifically...
You are buying someone else's DEBT.. Currently by and large the price you pay for that DEBT is at a PREMIUM to the actual FACE VALUE of that DEBT.. For this you get a GARBAGE % Rate, which unless the BOND is a Floating Rate (Rare) BOND; the Garbage Rate you get is locked in for the life of the BOND... IF & WHEN Interest Rates go UP (and they will), the Value of that BOND will PLUNGE; but you GARBAGE % RATE will not go Up... You Will Lose Money; the only Question is How long do you wait until you finally realize you got screwed and take the loss? ------------------------------------------
Now, the MARKETS in general & as a whole....
The Best and most proficient way to make money is to go where other are not; play the counter trend.. If the "PROs" Scream "BUY GOLD" and that crushes CONSUMER STAPLES, because folks are pouring out of Consumer Staples to Buy Gold; Then Start looking at Buying Consumer Staples... Don't Buy Indiscriminately, Do Your Homework before hand but Go where others aren't looking: Because that is what the BIG MONEY is doing... And that is as sure as the day is long...
What do they know that others seemingly do not?
People are easily fooled & a sucker is born every minute; AND "BUY WHEN THERE IS BLOOD IN THE STREETS".... --------------------------------------------------------------
And before anyone comes back, ripping my head off I will make the following statements:
Do many folks like me or my opinions? Probably not. Do some folks think I sound arrogant, conceited or self righteous? Probably so. Can I admit that I am not perfect & am only as good as my last profitable trade? ABSOLUTELY.
Do I care really what others think of me? NO. I readily admit much to the dismay of some folks that I know that some folks think I am a complete Idiot, a jackass and am dumber than a box of rocks...
Hell I make a point of denigrating myself for the amusement of others.. (This aggravates MOD E to about 3 shade of blue on occasion)... But this is fine and I am ok with all of the above in this section because:
I know many of my calls have been spot on (and several folks around here know this to be true as well; even if they won't directly admit to that), folks truly don't believe that anyone really is or would be completely honest on the Intraweb. And I know that no one really understands exactly how We do what We do; Not even Investment "Professionals".. LOL, MOD E remembers what happened when I was offered a review of Our Portfolio by some "PROs",, All they could say was "There is no Damn way this would, could or should work; it is impossible"; YET they couldn't argue the results as PROVEN in Documents that had been Reported to all required sources...Nor could they argue with the Fact that those Documents showed that We were and had been getting those results with 75% less risk than anything they were doing... -----------------------------------------
And while this may sound like some off the wall rant at the O.P. or at the world; it really isn't. Rather what it is a lament of how Buffaloed the average person is when it comes to Finance & Investing....
Sad truth is that folks don't need Bonds any more than they Need a Financial Advisor; Because another sad truth is that Folks could do much better without either...
BUT ONLY, if they actually use good old common sense as the Yard Stick for comparison.
You can Market horses***t as Roses, and someone will buy it; but this doesn't mean you have to be that someone...
Now pardon me; I must go see what happens when I stick a fork in a plug socket, while standing in a puddle.
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Deleted
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Post by Deleted on Apr 4, 2014 19:44:38 GMT -5
Well, I was thinking boggle heads et al weren't really the 'pros', and I didn't come close to the balance that might have been recommended, but I did do some bond fund and IPS.
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Deleted
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Post by Deleted on Apr 5, 2014 2:56:01 GMT -5
oped: I would like to let you know, that I wasn't ripping into you personally or your reasoning's for whatever moves you have or haven't made financially.
Everyone has things that shape what they do, some are good, some are bad.
The reason I chose your statement was 2 fold: {1} Thinking & {2} the open ended question as to others opinions..
I openly & sincerely do apologize if, you personally felt any slight or offense.
To speak to you directly:
The fact that you are questioning some of the reasoning's, sanity and possibly the motives behind statements that are unquestionably tilted to the Status Quo of things that keep getting the Markets in trouble;
Is a Good Thing.
Sure you openly admit you did do some Bonds & IPS; But you also said "Now I am Rethinking"..
Which means you are at least starting to question the sanity of repeating the same choices which may not have ended so well, over again yet expecting a different outcome..
That is a Good thing; growth across the spectrum (Personal, Financial, ETC.) comes from consistently seeking to learn new things and seek other ways to achieve positive results..
So again, I openly & sincerely do apologize if, you personally felt any slight or offense. That was not my intent..
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bimetalaupt
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Post by bimetalaupt on Apr 5, 2014 5:18:08 GMT -5
So, do you guys have no bonds in your mix, or am I reading that wrong? oped, I have run my book with bonds at 50% and 50% stock and directives from the EXPERT MMXVBETA 50%(MAX). or think about it: Left side 25/75 or right side would be 75% bonds/25% stock(BarBell). The system works better then I do. The directives are based on BETA and VIX: IE this is a trading system. I post all the under EXPERT 50/50 that has an internal study for Equity Risk Premium and Value at risk. This system is also know as Bet on black.
The system has bet on the market all 15 of the last 15 years. EXPERT 50/50 PAID FOR MY 65 HOUR MBA IN FINANCE. The reason for this EXPENCE was to lower risk through understanding of the most commonly used hedge.
Just a thought, BiMetalAuPt
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Deleted
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Post by Deleted on Apr 5, 2014 6:43:40 GMT -5
No need to apologize DI ... I have a thick skin and like to debate, heck, I even hang out on PM occasionally ....
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Deleted
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Post by Deleted on Apr 5, 2014 14:25:26 GMT -5
My GF tells me the same thing all the time. Without getting into details; what I can say is that Life & what you go through shapes who and how you are.
My life has been such that I have ended up being a person that is probably the most giving & decent person most folks have ever met; but who never does anything for myself (and I don't like people doing for me) and I always ride myself, I do not believe that anything I do or have ever done is good enough. I always question everything I do and was it the best I could have done for a person & the situation?
And when I say I don't do anything for myself I mean just that; nothing around my home gets done if someone else is not the primary beneficiary of the action, or expenditure.
Granted, things can & have been probably harder than they needed to be; but I can say with no questions at all that everything I have accomplished or have; has been come by Honestly.
Now you & I differ here. I believe that many other people could in fact do what We do, yet I also believe that a lot of them shouldn't.
One doesn't need to be all that smart to figure out the math; hell honestly the answer to the problem is mostly given to folks in the information one can find from various sources & programs like EXCEL allow you to input the formulas so that all one has to do is plug in numbers & viola', there you go. Add in the "tools" that brokerage give you like TEXT ALERTS as to any given action, and one doesn't even have to really have all that long of an attention span or eye for fine detail; to be able to do well..
And just because most brokerages & "PROs" believe that the average investor has the attention span and memory capacity of a Hamster (about 4 seconds) does not make that a factual truth.
I might have a bit more talent in reading between the lines and thus I might have a bit of an easier time catching on to what is really going on; Or I might have a bit of an easier time discerning the theme based upon common sense and thus might be a bit more able to capitalize on it; OR Maybe I am nothing more than a unremarkable example of a human being; who due to time and circumstance has just been one extraordinarily blessed and lucky son of a bitch.
Maybe some folks believe one or two of the former; Maybe some folks believe the latter. Either way; it doesn't bother me per say, folks will believe what they will believe. What I do know is that there isn't a single person who has read anything that I have written or posted about Our Trades that hasn't at least once sat up and gone:
"What the F*** is that idiot thinking?"
Just as true is that mostly folks just won't say it; because just as true I have shown in the past that I will & do get as ferocious as a cornered rabid dog in the pursuit of or defense of any given thought or position..
So I denigrate and crucify myself more oft than not alternately to the dismay of some and the glee of others. And really, honestly who among us doesn't like to see a good train wreck?
Honestly? While this may appear true & the provable returns may support that presumption.
The real truth is that what I (We) have been able to do has been because as usual, I got really, really pissed off at being told:
"You can't do that, that will never work, that is not how it is done"
So as usual, I told everyone where to stuff it and went the exact opposite way. The results show that what I (We) were told just doesn't hold water; you don't have to play by the "PROs" Status Quo playbook, so long as you adhere to the Rules and Regulations..
BUT; another monster truth: An Investor or Trader is only as good as their last Profitable Trade. The minute that they have a major loss or they completely screw up what should have clearly been a winner, they are the most evil & reviled person in the Financial Universe..
So again, I denigrate & crucify myself as standard practice; because I always expect to be impaled, skinned alive and drawn & quartered, every single time I make a move..
Face it; the fact that I post my thoughts the way I do, openly post my book the way I do; WHILE chopping my nose off to spite my face makes for a good read; because:
Whether right or wrong, a win or a loss; somebody finds a nugget they can use; while everyone wonders;
"Oh, hell what is that idiot going to do next?"
So I (We) post; I crucify myself very publicly; folks read. It really is like a major train wreck; you just can't take your eyes off of it, you don't want to look, yet you just can't help yourself, it is human nature..
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Aman A.K.A. Ahamburger
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Viva La Revolucion!
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Post by Aman A.K.A. Ahamburger on Apr 6, 2014 19:50:55 GMT -5
Hello All, I have enjoyed reading many topics (especially the long term and dividend investor threads) on this board over the last while, but this is my first post. I am currently consolidating my many expensive mutual funds in various registered retirement accounts into an online brokerage in order to reduce fees. It was crazy- simply using a different series of the same bank managed mutual funds in the online account would save about 0.5% in fees! Once I realized (thanks somewhat to this board) that it would be easy to reduce fees even more, I came up with this mix that kind of replicates what I had in the mutual funds. Note I am in Canada, and this is ~30 year retirement money in an RRSP (similar to a 401K). Any glaring holes? Any stocks you would switch out? I want to keep the asset allocation close to 33% US, 33% Canada and 33% other. Any thoughts, criticisms or suggestions are appreciated! Parker Hannifin (PH) 5% Emerson Electric (EMR) 5% General Electric (GE) 5% Johnson and Johnson (JNJ) 5% Kraft (KRFT) 5% Chevron (CVX) 5% Royal Bank (RY) 5% Bank of Nova Scotia (BNS) 5% Telus (T) 5% Enbridge (ENB) 5% Subtotal: 50% S&P500 Index ETF (XSP) 10% S&P TSX Index Fund (XIC) 10% MSCI EAFE Index ETF (XEF) 25% MSCI Emerging Markets ETF (XEC) 5% Subtotal: 50% Nice to see a fellow Canuck posting around here. Personally I like SU and BCE for Canadian companies, I really like SU becuase Mr. Buffet has picked up a nice stake. One thing you could do to reduce costs it to take advantage of the TFSA, if you're not already that is. Welcome and happy investing!
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Ombud
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Post by Ombud on Apr 7, 2014 23:24:16 GMT -5
foiled, sorry for the delayed response .... busy time of year. Anyway I do limit orders only so hopefully I don't buy at the absolute top but I'm for the long term in core holdings anyway so time will even that out. Explore holdings require diligence and monitoring
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bimetalaupt
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Post by bimetalaupt on Apr 8, 2014 23:29:48 GMT -5
foiled, sorry for the delayed response .... busy time of year. Anyway I do limit orders only so hopefully I don't buy at the absolute top but I'm for the long term in core holdings anyway so time will even that out. Explore holdings require diligence and monitoring Ombud, Do you use an analytic system based on Discounted Cash Flow? or Position of the firm in the industry?
Thank-you in advance, Bi
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Ombud
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Post by Ombud on Apr 9, 2014 9:36:59 GMT -5
bimetalaupt, low PEG, recent earnings / run up if shorting, trading at least 200k daily, best of breed in a field showing general uptick, S&P rating, charting. Sort of a blend of technical & fundamental indicators. 2 different screens. If it pops on both I've been known to buy w/o knowing the stock but then always with a trailing stop. So I'm not the best person to follow but this is all explore $$
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bimetalaupt
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Post by bimetalaupt on Apr 9, 2014 12:15:50 GMT -5
bimetalaupt, low PEG, recent earnings / run up if shorting, trading at least 200k daily, best of breed in a field showing general uptick, S&P rating, charting. Sort of a blend of technical & fundamental indicators. 2 different screens. If it pops on both I've been known to buy w/o knowing the stock but then always with a trailing stop. So I'm not the best person to follow but this is all explore $$ Ombud, Great Post. PEG is very interesting and powerful! Defiantly part of DCF. ValuPro uses that plus beta and 10Y T-Notes and 30Y T-Bonds. Have a Great day, BiMetalAuPt
www.valuepro.net/index.shtml
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foiled
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Post by foiled on Apr 16, 2014 16:33:34 GMT -5
Hello Ahamburger
Thanks for the suggestions! Interestingly, initially I considered BCE instead of Telus, and considered an oilsands stock instead of Chervon. After your comment, I reassed, and realized that, I went with Telus more so because of familiarity. Also, I stayed away from individual oilsands stocks because their success is tied to my 9-5 job, and did not want to be 'overexposed'.
Upon reassessment, trying to be more objective, BCE's dividend is certainly nicer than Telus, and their business is more established. I think Telus has better growth potential, but then I have not really weighted growth potential in the other stocks on my list. Therefor, I think I'll go with the more established, higher dividend BCE.
I have a TFSA set up, and have some money in there in a money market fund as a car replacement fund. Oh, and I do have some shares in a jr exploration company that I thought looked promising at the time, doubled in the next 6 months, then crashed to 10% of my purchase price. I consider those shares a $500 lesson to avoid speculation!
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Ombud
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Post by Ombud on Apr 16, 2014 22:19:15 GMT -5
foiled, why avoid spec stocks? Why not become a trader in those more speculative plays? Did it crash in a NY minute or a week? Did the fundamentals suck all of a sudden, slowly turn south, or were they always lousy? Did you hang on bc you were positive you couldn't be wrong (emotions can get in the way of a financial decision ... happens to all of us once in a while. I've had my share) or did you not have enough time to monitor it? (Been there) I always keep a spec stock in my explore portfolio. Usually only 1-2 as they require more monitoring (and definitely a stop loss or daily trailing stop)
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Apr 16, 2014 23:29:39 GMT -5
Foiled, the TFSA is an investors best friend right now. I max that out every year(with divided paying stocks). I'm looking forward to all those tax free gains when my wife and I retire, way down the road. We do RRSP after the TFSA is maxed out. Don't forget the RRSP money is tax deferred. You will be able to roll it into a RRIF when you're older, but if you have to tap it for an unforseen expense when you're at the height of your earnings potential, watch out. I have heard my far share of RRSP horror stories from some of my older friends. Telus is a great company without a doubt. With how BC and AB are growing, there is potential there for sure. I like BCE because they are more than just communication. They own lots of content, and have lots of infrastructure right across the country. Suncor is quite a bit more than just an oil sands company, they also own PETRO Canada... Actually you can read all about them here.. www.suncor.com/en/about/164.aspxNot trying to sway you one way or the other, but there are a few reasons that Mr. Buffet and myself are fans of this one.
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foiled
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Post by foiled on Apr 23, 2014 16:42:18 GMT -5
I am interested in resource exploration companies, but have concluded I don't have the time to follow them properly. My first try was a rare earth mineral company, and I bought it based on China's supply/demand. It worked out OK for me for about a year, then drifted down slowly based mostly on not being able to bring their deposits on-line fast enough. By then, China became an exporter again, and the price fell quickly. To answer your question truthfully, I think I am too lazy to be a trader!
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ModE98
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Post by ModE98 on Apr 23, 2014 17:03:43 GMT -5
If you are thinking of active trading of stock, then you would have to make it your full-time occupation. You would be tied to your computer most of each trading day to try and keep up with it. "Main-Streeters" actually do not have much a chance competing against modern Wall Street's fast computer programmed trading companies. It's a fairly easy way to lose money. Please refer to wxyz's Long Term Investor thread for the best advice you'll ever get for relatively safe investing. If one must "speculate", do so at your own high risk with no more than 10% of investment money or chances are you'll be kissing your money goodbye. Take it from a fool has been through that agony. (Just my "two cents" from experience).
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bimetalaupt
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Post by bimetalaupt on Apr 23, 2014 20:17:28 GMT -5
If you are thinking of active trading of stock, then you would have to make it your full-time occupation. You would be tied to your computer most of each trading day to try and keep up with it. "Main-Streeters" actually do not have much a chance competing against modern Wall Street's fast computer programmed trading companies. It's a fairly easy way to lose money. Please refer to wxyz's Long Term Investor thread for the best advice you'll ever get for relatively safe investing. If one must "speculate", do so at your own high risk with no more than 10% of investment money or chances are you'll be kissing your money goodbye. Take it from a fool has been through that agony. (Just my "two cents" from experience). MOD, WHAT YOU SAID IS VERY TRUE: the problem is when to rebalance and if to do so. What to do when that 10% high risk becomes 40% of your holding. Take the 100% sure lose of AMT at 39% or a 15% downside risk of the market?
Just a thought, BNiMetalAuPt
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,592
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Post by Ombud on Apr 25, 2014 9:50:13 GMT -5
ModE98, so true! Most traders think an hour a week per stock is enough. It isn't which is why I hold only 1-2 specs. None currently so no trailing stops currently. Maybe after 5/2 Nice dividend @patstab!
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Apr 25, 2014 12:04:27 GMT -5
Agreed OB, great point by Mod! AMD is the first spec stock I have ever bought and I put $500 down on it, literally nothing. I like the business prospects of the company, and their earnings have been justifying my position. Foiled, I have been chatting with a poster and they brought up something I forgot to get into to. You have to be careful as a Canadian investor owning US stocks... Here is a good read on the topic... Should you treat U.S. stocks differently?
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