My Canopy has doubled and Aurora has tripled in the past year, I sold the majority of P&G to buy these, glad I listened to a friend of mine.
Edit: 10am, and Aurora is still climbing excellent today
Investment recommendation for dummies
- Thread starter Roadyvh
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My Canopy has doubled and Aurora has tripled in the past year, I sold the majority of P&G to buy these, glad I listened to a friend of mine.
Edit: 10am, and Aurora is still climbing excellent today
Aurira is about to take over some competition ( forget the name ) and offered $24 a share, only 31% agreed and Aurora told them they will be taken over. Aurora and I think two others will probably be the worlds biggest suppliers. The stocks will only go up until July 2018.
I was in the same boat as you are now a few years ago. Do not rush into anything. Put the money into something safe that will grow like a mutual fund. Educate yourself. In a year or two you can make much more of an informed choice.
I would not invest in bitcoins. They fluctuate too much and they are expensive now. Its value has already dropped quite a lot and people lost a lot of money. Stocks have risks and it depends on your risk tolerance.
I like to invest in equity powered GIC. Basically your capital is guaranteed so if the market goes down, you do not lose the initial money you invested. If the market does well, you get a certain percentage back. There is usually a maximum to how much you can get. Some will have a minimum return guaranteed, but then the maximum is lower.
Mutual funds are good because they are a basket of stocks so your money is not in 1 particular stock so if some go down, others go up, you kind of have a balance. Unfortunately they are volatile since they are directly linked to the stock market. However, kind of better than just buying one particular stock.
Going for certain funds also has some advantages. Some plans will invest some of the money in a basket of stocks and some in government bonds (which have low return but no risk).
Banks are not a bad place to invest, you just need to go to an investment specialist, not just a regular employee. They do have fees for some type of investments like mutual funds, but none for GICs. Keep in mind that the fees you pay is not the only thing that matters. It is how much you get to keep. Same thing for returns. Some funds will give you returns in various forms (interest, dividends, etc) and they are taxed at a different rate. Yes you have to declare and pay taxes on them because even if you do not declare them, the bank is obligated to send that info to the government.
Good luck.
I like to invest in equity powered GIC. Basically your capital is guaranteed so if the market goes down, you do not lose the initial money you invested. If the market does well, you get a certain percentage back. There is usually a maximum to how much you can get. Some will have a minimum return guaranteed, but then the maximum is lower.
Mutual funds are good because they are a basket of stocks so your money is not in 1 particular stock so if some go down, others go up, you kind of have a balance. Unfortunately they are volatile since they are directly linked to the stock market. However, kind of better than just buying one particular stock.
Going for certain funds also has some advantages. Some plans will invest some of the money in a basket of stocks and some in government bonds (which have low return but no risk).
Banks are not a bad place to invest, you just need to go to an investment specialist, not just a regular employee. They do have fees for some type of investments like mutual funds, but none for GICs. Keep in mind that the fees you pay is not the only thing that matters. It is how much you get to keep. Same thing for returns. Some funds will give you returns in various forms (interest, dividends, etc) and they are taxed at a different rate. Yes you have to declare and pay taxes on them because even if you do not declare them, the bank is obligated to send that info to the government.
Good luck.
Sorry to hear that Trump economy is not working out for you. Here is how some other people are doing: between January 20, 2017 and today (March 31, 2019) S&P 500 went up from 2,271.31 to 2834.40 for a gain of 24.79%. And so did my retirement account which is (pretty much) tied to that index. May not be a world record, but still pretty decent in my view.
At the same time, Nasdaq went from 5,555.33 to 7729.32 for a gain of 39.13%, so more aggressive investors obviously saw better profits.
It is really too bad if Trump is personally after you. If that is case, it could make sense to make some changes. Maybe start with choosing a different handle or something.
Well, markets tend to go up and down, that is not exactly news. If you only pick negative days (or months, like December 2018, which was pretty dismal), then you have to conclude that Trump has brought us an unmitigated disaster. And obviously, if you leave out all the downturns, the conclusion is the exact opposite. That is why I think it is fair to assess the whole period of Trump being in the White House, which is exactly what I did.
I am a financial professional and question your stated returns. Current 3 year average for GIC's is 3.2% ( your stated return would have been 6%) and average 5 year rates is 3.6% ( at 35% total yours would have been 7% ) and lets not forget that GIC rates are the highest they've been in the past 15 years. You want higher returns than a GIC, buy stock in the bank your would buy a GIC from, dividends run above 4.75% much better than any GIC they sell you and the tax treatment in a non-registered account is much better. You want to invest in pot companies, you may make a fortune in a short while and then again you may lose it all. Be wise and follow the wisdom of someone like Warren Buffett and invest in well established companies paying attractive dividends. ( Buy the book "The intelligent Investor " by Ben Graham and read it a few times. (I have read this book probably 10 times and will continue to do so. Find a professional who will operate your investments they way you want with your goals in mind and will be upfront and honest about the fees you will be charged. Let's be honest, you're paying for his/her expertise and there is a real cost to the broker. I have a Bloomberg terminal and the cost of that terminal is $30,000 CDN/ year and it enables me to get factual information for my clients regarding companies I recommend to them. If the investment is a short term (5 years or less ) keep your money as safe as possible, however if this is a RRSP and the funds won't be used until retirement increase the risk by including stocks in your portfolio. I always ask my clients whether or not the would be able to stand a loss of 10- 3- % over a one or 2 years period and if the answer is NO then we scale back the amount in the stock market and the type of stocks they have in their investment portfolio. Obviously I do include fixed income and cash for everyone and the fixed income is in the form of Government bonds ( safe , secure and a better rate of return than a GIC ).
I hope this helps and here is the FP GIC rates today
http://www.financialpost.com/personal-finance/rates/gic-annual.html
Buy a well managed ETF, best would be global or U.S. ( S&P 500 ) and let it grow.........long term ! Quick money, forget cannabis, go to the casino
^^^^^ Pardon! Canada is known worldwide for top tier weed. A 16 yr old kid can turn a profit from it but only our government can fuck that up.
Got to be Trudeau.He gets up in the morning cant see his face in the bathroom mirror for all the kissmarks.
only thing this boy is qualified to do is anything handling shit with his hands.
he is ruining this country.
Many people who realize the market could take a nose dive instead of being greedy
put their money in gics.
i mean if your amxed out on your rrsps and tsfa and inflation rate is just at 2 and you get 3%
your principal is guaranteed and your ablve teh inflation rate
ya you can get 5 10 20 but you can lose that much as well
if your young you can gamble i mean hey if the market crashes
i am not talking recession and speed bumps
the 1929 crash took 29 years to recover after i don't think ill live than long
There is a market correction every 10 years or so. There was one early 90's, internet bust early 2000, sub-prime blow up 2008 it's only quite normal if we see another one soon. It could very well triggered by China. No much Trump can do about that.
Cheers,
Cheers,
Not going to say what to buy since I don’t know your risk tolerances and time horizons so me mentioning anything is irresponsible.
But I can surely “recommend” what not to do. Especially in today’s financial environment. Namely two things. Get into structured products and into securities based lending. Structured products all it does is to enrich the financial institution and getting involved in SBL is just pimping out your account where you will regret down the road if shit hits the fan.
But I can surely “recommend” what not to do. Especially in today’s financial environment. Namely two things. Get into structured products and into securities based lending. Structured products all it does is to enrich the financial institution and getting involved in SBL is just pimping out your account where you will regret down the road if shit hits the fan.
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