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04-17-2014, 02:16 PM
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#51 | | I contribute to threads in the offtopic forum
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i'd rather have an investment advisor that can offer me everything vs. bank advisors, which i believe (though could be wrong) are pushed to sell the bank products. agian, i could be wrong and would be more than happy to hear that i am.
my financial advisor is a friend - i trust him, there are controls in place, and i know how to invest and he and i share the same investment strategy, so i'm happy (don't go with a friend b/c they're ur friend)
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04-18-2014, 02:11 AM
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#52 | | Everyone wants a piece of R S...
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Originally Posted by 4444  i'd rather have an investment advisor that can offer me everything vs. bank advisors, which i believe (though could be wrong) are pushed to sell the bank products. agian, i could be wrong and would be more than happy to hear that i am.
my financial advisor is a friend - i trust him, there are controls in place, and i know how to invest and he and i share the same investment strategy, so i'm happy (don't go with a friend b/c they're ur friend) | I wouldn't say bank advisors are pushed to sell products. The system plugs out certain recommended funds/most advisors don't know any better. Vast majority don't trade nor do they understand underlying mechanisms of the market.
Easiest way to tell, sit down and have a conversation with them if you have to see them in the first place.
You're right though, I would rather have an Investment Advisor because they have more and different securities to play with. Same case though, vast majority don't know shit.
Frankly, I would rather have a portfolio manager who can act under discretion. The time lag between an IA contacting a client, asking to confirm the trade, and performing the trade is just too damn annoying.
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04-20-2014, 01:31 PM
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#53 | | I contribute to threads in the offtopic forum
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If ur IA is trading, u need a new IA.
If they're trading, they're doing it bc they make commissions on each trade. Any IA worth his weight will also preach diversification with slow and steady approaches - trading is more for a portfolio manager, and in that case I think they don't need permission to do what they do in their portfolio
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04-27-2014, 08:19 AM
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#54 | | I contribute to threads in the offtopic forum
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Originally Posted by !LittleDragon I tend to keep most of my money invested with only $1000 in the bank to cover car and insurance payments. Why let it rot in there? If I need more than $1000, there's the line of credit that I can pay back with the next pay check or by cashing out some holdings.
I used to trade daily and did very well but now with a few business ventures on the side in addition to the full time job, I don't have time to do my market research every evening. Instead, I've been buying up dividend funds. Specifically, PGP, PHK, NCV and NCZ. I don't have to do squat and it brings me a steady monthly payout. PHK at it's current price yields 12% right now, that's 1% per month. Because their dividends are a fixed dollar amount, the principal can go up/down/left/right and I'll still get the same dividends. Reinvest the dividend and your payout the following month will be bigger.
What I do with the dividend every month depends on my mood but I never spend it. Sometimes I reinvest it into the same funds, sometimes I reinvest in a new fund I found, sometimes I buy some gold for insurance and sometimes I'll buy a stock if it's low and I feel like speculating.
As always, don't take my word for it regarding these funds... do your own due diligence before buying. | Do u know what the premium over their nav is? I think at least one of them has a 50% prem! that's pretty risky. I assume u've done this analysis as part of ur dd, but that would scare me especially in the junk investment space
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04-28-2014, 07:34 PM
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#55 | | NEWBIE ACCOUNT!
Join Date: Apr 2014 Location: Vancouver
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I am 17, but I think I can help. DO NOT go to any investment advisor, they alwayd tell you to diversfiy, which is stupid. Invest your money into a business your passionate about and follow your dream, life is short. One of my dads friends got a degree in accounting and started a small firm where only he and another employee worked from his house and he raked in $300,000 a year although he is now retired.
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04-28-2014, 08:02 PM
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#56 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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Originally Posted by mr.wonderful I am 17, but I think I can help. DO NOT go to any investment advisor, they alwayd tell you to diversfiy, which is stupid. Invest your money into a business your passionate about and follow your dream, life is short. One of my dads friends got a degree in accounting and started a small firm where only he and another employee worked from his house and he raked in $300,000 a year although he is now retired.
Posted via RS Mobile | Lolololol truth. Are you multucartual Jr.? Posted via RS Mobile | |
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04-28-2014, 11:05 PM
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#57 | | I contribute to threads in the offtopic forum
Join Date: Jun 2006 Location: not vancouver
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Originally Posted by mr.wonderful I am 17, but I think I can help. DO NOT go to any investment advisor, they alwayd tell you to diversfiy, which is stupid. Invest your money into a business your passionate about and follow your dream, life is short. One of my dads friends got a degree in accounting and started a small firm where only he and another employee worked from his house and he raked in $300,000 a year although he is now retired.
Posted via RS Mobile | no man, starting a business is for old ppl, what you want to do is take your money, buy a bunch of drugs, and sell it.
i know this one guy, he did this, now he's dead.
you're an idiot,
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06-12-2014, 04:19 PM
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#58 | | NOOB, Not Quite a Regular!
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I would invest in RRSP's or at least stocks. You dont want to be 60 and not have enough
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06-16-2014, 07:36 AM
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#59 | | Rs has made me the man i am today!
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RRSP is not an investment, it's an investment vehicle
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