Quote:
Originally Posted by lime56
fail what?
bad advice.. not advise.. who spelt that?
look he wants 10k invested
im suggesting at rapid growth strategy
if he wants to have 17K after 8-9 years then by all means do the buy and hold and research method
but in that case save your time and yourself anguish and give it to TD Assets Mgmt
my SO and i are saving for a downpayment... i know she couldnt handle the volatility, so i say buy a RRSP for a house downpayment and dont buy anything but GIC.... im not even looking for a return
trust me i aint dumb... i paid my dues and tuition on it
to the guy who has 10k ready to invest.. do it aggressively if you dont need the money to feed mouths
you can spend 10k and open a hot dog stand on burrard and robson and make more on your capital then how these guys are suggesting
im not dogging your thesis and advice, but it will not work in this environment.
buy hold and research ..... you gonna play catch up all day long  |
your advice is terrible
so you'd rather he invest with a TD associate who will just buy into a mutual fund & rape him with expense fees
clearly this person is interested in starting to invest, thus he is willing to put in the time and effort
your advice for 3x leveraged FINANCIALS (of all things, which have gone up and down, up and down (more down than up)) is terrible given he's just starting
maybe your routine works for you, but for someone just starting who is willing to spend some time learning/reading up, my suggestions are solid, conservative, and will likely work the best (unless he wants to gamble, in which case a 3x leveraged ETF is the way to go, and for full disclosure, i do hold 1 3x leveraged ETF and 1 2x leveraged ETF, as part of a diversified portfolio)