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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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01-09-2017, 12:04 PM
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#9401 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,431
Thanked 2,905 Times in 1,169 Posts
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bought BAC a month ago, it's only 1 of 2 individual stocks in my portfolio.
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01-09-2017, 04:10 PM
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#9402 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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Originally Posted by Razor Ramon HG  Anyone got a good book for me to read up on all the terminology and theory?
Thanks. | Investopedia - Sharper Insight. Smarter Investing. | |
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01-20-2017, 08:07 PM
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#9403 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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Anyone know of a good online broker for East Asian stock exchanges?
Also, a website for their each regions regulation.
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01-20-2017, 09:20 PM
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#9404 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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The best exchange available to us Canadian is interactive brokers.
BUTTTTTT they need a minimal of 10g usd or equivalent and require you to be experienced and balling to gain margin and options privilege.
They do offer the lowest commission rate. Excellent advance platform, better execution than other Canadian brokers. They also have TFSA and rrsp accounts. They let you do more things in these account than other brokers
And you can trade in almost any market.
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01-20-2017, 09:52 PM
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#9405 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
Thanked 1,215 Times in 535 Posts
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IB is the best hand down. Great if you have a small account and are interested in doing a few trades a week. If your account is over 100,000 and do like hundreds of trade a month then they have some really nice discount, too.
Although I'm not sure why you would want to trade on Asian exchanges. Those fuckers are batshit crazy. Indices can drop 7% a day like nothing (Nikkei and Hang Sheng). That would be equivalent to US dropping 1-2%.
Avoid Questrade. Total POS.
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01-20-2017, 11:38 PM
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#9406 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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Planning to start trading and learning while I'm in school for Finance. What's the lowest commission site? Plan to use TFSA but <10k in funds.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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01-21-2017, 06:50 AM
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#9407 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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Not trading on margins or shorting. Investing.
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01-21-2017, 09:37 AM
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#9408 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
Thanked 1,215 Times in 535 Posts
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Use the banks' platforms for investing/ buying a few time a year. Ask them for Asia market. They should have it.
Gerbs - for learning low commission and market data is key. Questrade allows low required minimum but they will rape you on commission and market data. There is really not many options that is better than IB. And Canada doesn't have Robinhood which is a shame.
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01-26-2017, 07:24 PM
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#9409 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2006 Location: Vancouver
Posts: 635
Thanked 71 Times in 40 Posts
Failed 13 Times in 8 Posts
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Currently using TFSA HSBC Investdirect
Every transaction I made is required to convert back to CDN $. It is a huge loss to me if I am an active trader in EUR / HK / US market.
I've done some research in regards to local currency settle, IB, TD, HSBC all don't offer settlement to local currency.
Anyone has an alternative to this?
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01-26-2017, 11:16 PM
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#9410 | | I don't get it
Join Date: Oct 2011 Location: Vancouver
Posts: 415
Thanked 610 Times in 126 Posts
Failed 24 Times in 6 Posts
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I think it's because you have a TFSA account, which requires money to be only deposited/withdrew as Canadian dollars
If it was a Cash account then you're not required to deposit/withdraw into Canadian.
Not 100% sure though.
But also curious what others have to say
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01-27-2017, 12:14 AM
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#9411 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
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You can hold both USD and CAD in TFSA at the same time. I am right now lol.
Ask the bank to not convert your shit. There must be a setting that allow the fund to settle in the transaction currency, i.e. if you sell CAD stock, it will settle in CAD. Same thing with US.
There are things you cannot hold in a registered account like private companies' shares or OTC shares. Any securities (commons or options) traded on NYSE, NASDAQ, TSX is a ok.
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01-27-2017, 09:56 AM
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#9412 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
| Quote:
Originally Posted by Y2K_o__o Currently using TFSA HSBC Investdirect
Every transaction I made is required to convert back to CDN $. It is a huge loss to me if I am an active trader in EUR / HK / US market.
I've done some research in regards to local currency settle, IB, TD, HSBC all don't offer settlement to local currency.
Anyone has an alternative to this? | I use BMO InvestorLine for my TFSA and I can settle/hold in either USD or CAD currency, no issue. I don't know about any currencies beyond USD though.
Mark
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I'm old now - boring street cars and sweet race cars. | |
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01-28-2017, 09:16 PM
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#9413 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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I know this doesn't belong here. But if you are not a multinational billionaire that travels the world like every day. HSBC is not for you. They are the most user unfriendly bank ever, they also expect you to just take the fee they shove up your ass with a smile.
Iif you are a multinational billionaire, you use HSBC for other reason and their fees and their snobbery does not matter.
Get your TFSA out of HSBC lol
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02-01-2017, 11:50 PM
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#9414 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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Made a bit of dough thanks to AMD today.
Is anyone here invested into Alibaba? I'm thinking Amazon potential here, and they had a good earnings report. Only worry is potential Trump shenanigans.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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02-02-2017, 01:25 PM
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#9415 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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So questrade seems to be the cheapest transaction at a penny per stock with a minimum of 4.95 to 9.95
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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02-02-2017, 03:01 PM
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#9416 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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Using CIBC, 6.95 CAD for Canadian and 6.95 USD for American.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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02-13-2017, 04:38 PM
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#9417 | | RS Lurker, I don't post!
Join Date: Feb 2017 Location: Vancouver
Posts: 2
Thanked 0 Times in 0 Posts
Failed 0 Times in 0 Posts
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I'm heavily invested in O&G and despite the OPEC deal to curtail production, my portfolio has decreased quite significantly in value since the beginning of this year as we're still speculating if whether or not Canadian exports will be exempt from the border tax. Who else is in this sector and what are your thoughts?
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02-13-2017, 05:43 PM
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#9418 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
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Oil and Gas, in my opinion, is on it's way out as a energy storage source. The alternatives are being implemented on a country scale by progressive nations. Once battery technology doubles it's energy density, then it's game over for O&G, in terms of using it as fuel. There are plenty of other applications, such as plastics and synthetic chemicals, but the demand will significantly be reduced.
The leading energy companies recognize this and will have other branches in their company and assets to implement production of batteries, their materials, and assembly lines.
I still believe that the gas production in the US due to fracking will be reduced\, and the introduction of DAPL and KXL will be able to support their import needs. Increasing the market price of oil in the short term. But that's my speculation. The OPEC deal to reduce production is news to me, but I would imagine that it would drive the cost up as well. Additionally, Suncor is in hiring mode now, signaling that they will be increasing production due to KXL approval.
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02-13-2017, 08:56 PM
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#9419 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
Thanked 1,215 Times in 535 Posts
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Yea, dying asset class. And it is way too tough to trade, just like gold. Need a ton of experience. Trading these based on news is a guaranteed way to lose.
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02-13-2017, 11:57 PM
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#9420 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
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Second the sentiment on O&G. OPEC totally fucked up the market.
When they were at record high, OPEC should have come out to suppress the price and never let it get to the point it was.
Because it was so high, it made all the investment into O&G possible. Now we have all sort of ways to extract O&G from the ground and not limited by geographical limitations. And to make the problem worse, it made a huge incentive to develop technology to shift AWAY from O&G, and after so many years, the techs are here and they are in so many levels that there's no way for OPEC to buy everything out.
Thus, you have stronger and stronger supply, while less and less demand. We might see a short-term spike here and there... but as a long term position, it's done.
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Nothing for now
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02-14-2017, 05:44 PM
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#9421 | | I contribute to threads in the offtopic forum
Join Date: Feb 2008 Location: North Van
Posts: 2,849
Thanked 7,109 Times in 1,264 Posts
Failed 291 Times in 102 Posts
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As an O&G insider I will say that it does seem as though we should expect prolonged depressed prices unless some major political instabilities come into effect which limit production.
Said another way, unless the middle east breaks into an all-out war... the price won't be shooting up anytime soon.
There should still be some attractive LNG plays though.
Even though oil is down, the margins on oil are still far better than those found with solar or wind farm power generation... as such, companies will continue with exploration efforts for quite some time.
__________________ Quote: |
Originally Posted by jasonturbo Follow me on Instagram @jasonturtle if you want to feel better about your life | | |
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02-16-2017, 10:51 AM
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#9422 | | I STILL don't get it
Join Date: Dec 2003 Location: Vancouver
Posts: 457
Thanked 62 Times in 27 Posts
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I got into cannabis after the initial spike back in November as it was retracting and consolidating. While it was a small position in Canopy I've been doing quite well despite the drop after earnings. Recently I got into OGI as well. I recall some you getting in on this early. What are your thoughts now on this industry?
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02-16-2017, 01:46 PM
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#9423 | | My homepage has been set to RS
Join Date: Jan 2012 Location: vancouver
Posts: 2,447
Thanked 1,759 Times in 545 Posts
Failed 1,107 Times in 281 Posts
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Originally Posted by Hondaracer first year of doing my own investing, YTD up 22% | Any advice's to those who want to start up?
What did you have to do, to gain that knowledge to feel confident?
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02-16-2017, 02:58 PM
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#9424 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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| Quote:
Originally Posted by 1337 I got into cannabis after the initial spike back in November as it was retracting and consolidating. While it was a small position in Canopy I've been doing quite well despite the drop after earnings. Recently I got into OGI as well. I recall some you getting in on this early. What are your thoughts now on this industry? | TBH, i think they are going sideways for a while. Too much speculation going on.
I got in really really early on CGC aka WEED but i wouldn't get in on any now until next wave of legalization news
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02-16-2017, 05:22 PM
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#9425 | | Need my Daily Fix of RS
Join Date: Apr 2013
Posts: 282
Thanked 170 Times in 68 Posts
Failed 15 Times in 5 Posts
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Originally Posted by 1337 I got into cannabis after the initial spike back in November as it was retracting and consolidating. While it was a small position in Canopy I've been doing quite well despite the drop after earnings. Recently I got into OGI as well. I recall some you getting in on this early. What are your thoughts now on this industry? | Got in a while ago and still holding. I think the hopeful money is built into the prices already. It'll be small ups and downs till official announcements are made. Then the roller coaster ride really begins. I can't wrap my head around WEED. It's like the Tesla of the marijuana industry.
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