Page 1 of 4 123 ... LastLast
Results 1 to 15 of 57

Thread: Let's talk money 🤑

  1. #1

    Let's talk money 🤑

    I was pleased with the reaction and comments I got on my first post in the lounge and wish to get your opinion on this!

    I am 29yo, at this age my biggest income is generated from the number of hours I do at work. I started investing with a bank in a mutual fund, I took a mix of portfolios; low, moderate and high risk ones. since 18 months the results are shit.
    I heard this many times, in the market you have to look for the outcomes of your investment in long term not a short term perspective.

    Last month I learned about online banking institutions, oaken financials, and to my luck they have this GIC at rate of 2.75% (sounds juicy compared to the cheesy 0.4-0.75% offered by TD, scotia, or other banking institutions.
    I signed up with them and so far everything seems good.

    My question for you is, Lets say you have a 100k$ or more, what are your investment strategies, how to hit big, hoping not to be hit big at the same time.

    i know many of the girls I met in the business might be interested to know about this as well.

  2. #2
    Registered User
    Join Date
    Aug 2011
    Location
    montreal-by-the-pot-holes
    Posts
    278
    Real estate. Pays by itself.

    Stock market is not a game. Invest in what you know and be prepared.
    MisterPep
    Been there, done that, got the t-shirt...and panties off :-)

  3. #3
    Quote Originally Posted by MisterPep View Post
    Real estate. Pays by itself.

    Stock market is not a game. Invest in what you know and be prepared.
    the problem is that I don't know shit in real estate neither.
    i am in Montreal, from what I understood from my readings, the real state market is not doing great neither nowadays...

  4. #4
    Quote Originally Posted by GentlemanJon View Post
    A family member who owns a couple of buildings told me the exact same thing last week.

    Too many guys saw the Wolf of Wall Street and think they can make it big on the market overnight. I'm definitely keeping an eye on this thread, thank you gentlemen.
    It does not take a movie to start dreaming big. Unfortunately I have no time to watch movies, I rather spend the 2 hrs with an sp instead

  5. #5
    There is no magical way to get rich big and fast. Stock market can produce about 10% on a long-term basis, 3-4% dividend and 6-7% gain. But one should be extremely patient. Avoid at all cost the mutual funds but ETFs are ok.
    With 100K you can build a nicely diversified portfolio with ETFs. After putting aside an emergency fund, covering 3 to 6 months expenses, invest in Vanguard ETFs (30% Cdn, 30% US, 20% International, all equities fund given your age).
    When you get to 500K and more you might go with individual stocks, but you need to do lots of homework if you go DIY.

  6. #6
    the last of the mohicans
    Join Date
    Feb 2010
    Location
    montreal or costa rica baby
    Posts
    1,734
    Quote Originally Posted by B52 View Post
    the problem is that I don't know shit in real estate neither.
    i am in Montreal, from what I understood from my readings, the real state market is not doing great neither nowadays...
    I heard the same thing in regards to condos by someone extremely well placed in property investments. He suggested staying away from condos, but said that single dwelling homes will always go up 10k a year in the right areas.
    "Scars remind us where we've been. They don't have to dictate where we're going"

  7. #7
    Gorgeous ladies Fanatic
    Join Date
    Apr 2014
    Location
    Northern emisphere
    Posts
    5,925
    Quote Originally Posted by MisterPep View Post
    Real estate. Pays by itself.

    Stock market is not a game. Invest in what you know and be prepared.
    https://merb.cc/vbulletin/showthread....or+real+estate


    A interesting read since real estate and stock market are compared .

    I am myself in real estate in 2 Provinces ,Quebec in Montreal and Surrey (Cloverdale and Newton)B.C.
    Having tenants is way easier in B.C



    Cheers



    Booker

  8. #8
    Gorgeous ladies Fanatic
    Join Date
    Apr 2014
    Location
    Northern emisphere
    Posts
    5,925
    Quote Originally Posted by tonyw View Post
    100K$ is not enough for buying buildings these days. Maybe enough for condos, but they are not ideal investment. Maybe just stick with your GIC.
    Hello Tony and all

    How do you arrive to the conclusion that 100 k isn't enough to purchace a small plex?

    Cheers


    Booker

  9. #9
    Quote Originally Posted by B52 View Post
    the problem is that I don't know shit in real estate neither.
    i am in Montreal, from what I understood from my readings, the real state market is not doing great neither nowadays...
    The actua market is favorable for buyers. If you have liquidity, the timing is great.

  10. #10
    Faire fructifier ses avoirs nécessite de la patience, de la chance et surtout beaucoup de volonté d'apprendre à développer son flaire... Veux-tu être épargnant ou investisseur? 2,75% c'est à peine de quoi battre l'augmentation du coût de la vie. On ne devient pas riche en se collant sur l'inflation. Si tu peux doubler ou même tripler le ratio de l'inflation, tu vas y trouver ton compte.

    L'immobilier n'est pas une valeur sûre... Pour chaque personne qui a réussit à s'enrichir avec l'immobilier, il y en a des centaines qui ont connu des déboires... La croissance moyenne de la valeur d'une propriété, après toutes les dépenses (taxes, entretien, etc.) frôle les 2% par année. C'est pourquoi ça prend de la chance et une volonté d'apprendre. Le gros problème avec l'immobilier c'est que si tu te trompes, ça coute cher et tu risques de rester pris avec ton investissement. Tu ne peux pas juste te débarrasser d'une bâtisse sans perdre beaucoup d'argent. En passant, on ne fait pas d'argent avec la bâtisse qui sert de résidence principale...

    Investir dans des titres n'est pas une valeur sûre... On entend parler uniquement ceux qui ont réussit... Les perdants ont honte et ne s'en vantent pas... C'est quand même plus facile de corriger une erreur. Pourvu que tu ne tombes pas "amoureux" d'un titre... Tu fais de l'argent en vendant, donc il faut savoir quand vendre... 80% des investisseurs ne battent pas les indices boursiers. Il faut donc être patient et faire ses devoirs.

    Petite lecture intéressante au sujet de gens qui ont fait leurs devoirs: http://www.lactualite.com/lactualite...eli-au-canada/.

  11. #11
    You can find loans with 10% cash down, sometimes, you can deal 0 cash down. But again, it's all about enough liquidity.

  12. #12
    Registered User
    Join Date
    Aug 2015
    Location
    Eastern Townships
    Posts
    856
    Quote Originally Posted by sam311 View Post
    There is no magical way to get rich big and fast. Stock market can produce about 10% on a long-term basis, 3-4% dividend and 6-7% gain. But one should be extremely patient. Avoid at all cost the mutual funds but ETFs are ok.
    With 100K you can build a nicely diversified portfolio with ETFs. After putting aside an emergency fund, covering 3 to 6 months expenses, invest in Vanguard ETFs (30% Cdn, 30% US, 20% International, all equities fund given your age).
    When you get to 500K and more you might go with individual stocks, but you need to do lots of homework if you go DIY.
    The above is sound advice, the split for ETF percentages is good, (mutual funds can earn a bit more if managed by a sound investment firm, but cost twice as much as ETF, I would stay away from mutual funds) can't go wrong long term with it.
    For now stay out of emerging markets they suck.

    Only other thi!g as far as real estate you should always try to live in your own home be it condo or single dwelling ,
    Paying rent is throwing money out the window, unless you are staying somewhere on a short term contract.

    Would not invest in real estate in Quebec, too many laws favouring tenants.
    Real estate is not for someone without knowledge or contacts in that field.

  13. #13
    For stocks, you'll need to decide how much risk you can take. If you can't take the heat (10% loss not uncommon), stick with GICs. There's no harm in that. It's your money, and you gotta sleep at night. If you want more risk, but don't have the time or inclination to manage your portfolio consistently, stick with an index fund. If you want to start with individual stocks, stick with large cap until you build a good selection of stocks.

  14. #14
    Gorgeous ladies Fanatic
    Join Date
    Apr 2014
    Location
    Northern emisphere
    Posts
    5,925
    Quote Originally Posted by tonyw View Post
    Hello,
    Yes you could buy 400k duplex, triplex but revenue is not that great, usually it is good if you live inside. For me, 6-8 plex is start of investment, and 20+ are ideal.
    Hello Tonyw

    The ideal is actually to buy a property with low revenues ,the reason they won't be any line ups on it ,
    I favor 2 to 6 plexes easier to finance and easier resale because you have wider population pool that can afford it then a 20 plex .

    Its better to own more properties to equal the same amount of doors ,you are splitting the risk !

    That is what I have been doing ,and aim different markets .


    Cheers



    Booker

  15. #15
    Registered User
    Join Date
    Oct 2011
    Location
    Montreal
    Posts
    29
    Hello all, interesting topic…bank returns these days are terrible (and I even hear that they might have negative interest rates in the future??) …I am looking for better returns also and was looking at rental properties again…but now I see 2-3-4plex properties are selling for 15+ times the revenue…some duplex I’ve seen even at 20x revenue…at those ratio’s how can anyone make any decent returns??… I think people are buying those because they will live in one unit and are just over reaching on them also…you can find banks to give you a loan with only 10% down on these smaller properties and even more likely if you say you will live in it (you might have to pay more for mortgage insurance tho) this would probably explain the long lineups you see.

    For me, it seems anyways that revenue property prices in this 2-3-4plex range seem to increase slowly but the rents are stagnant or do not pay for enough of the mortgage for it to be worth the headaches. You can only hike ~2% a year and tenants can contest even that! If you plan on buying a property with low rents with the ambition to raise the revenue, you will have to go to the regie to try and remove tenants and good luck with that…

    I never bothered to check revenue property in ONT or BC due to all the real estate speculations I read but I will look now. Booker, if you don’t mind me asking, are revenue properties booming in those areas too?

Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •