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Seeing Toronto the financial capital of Canada (pg. 2)
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| jester |
Hope all of you had a decent 2010 and I want to wish you all the best in 2011.
The TSX Venture was up an astonishing 48% in 2010  Silver was up 86%!
One stock that doing amazing in the US is MCP. It hit the market on July 29th and 476.73%, all because China tightening their REE exports. It was up 15.23% today ($57.50) and within the next 6-12 months they expect it to reach or even exceed $89. Whats interesting it started at around $12.80 back in July. It will most likely succeed do to the backing its getting from certain companies. Just in December alone it was up 103%. The way its going, I see it actually being well over $200/share by 2011. I truly regret not buying this in December (early), but its out of my reach now. The way I see it, its the Green Tech / Mining company of the US. China controls 97% of REE/REO/REM market.
2011
Copper
Lithium
REE/REO/REM - Graphite (use in electric cars) / Neodymium (magnets) / Niobium (magnets)
Silver
Uranium |
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| Abercrombie |
| quote: | Originally posted by cammaxwell
Yes, but mostly in mutual funds handled by other people. Would love to dive deeper into it personally but don't have the time or skills to do that right now... |
Same here.
I used to play the markets but stopped in the Nortel disaster days. Took too much of my time.
I relax with mutual funds and keeping an eye out on them quarterly. It's all for my retirement.
As of January, 10% of my paycheck (up from 6% last year) goes directly into my RRSPs, and my company matches 5%, so I'm comfortable that an amount of 15% of my salary goes into investments every year. I'd go more if I can, but I gotta live now too :P |
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| Vivid Boy |
| I used to invest in drugs, it paid well but the risk was too high and trusting crackheads with credit was like trusting a 4 yr old with a cookie jar. |
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| tvmann |
Mostly I'm a buy-and-hold investor.
BUT, I might try some faster trades of Canadian stocks in a TFSA (tax-free savings account), with holding periods of a few days or weeks, There are no capital gains or other taxes and accounting for the TFSA is very simple in comparison to a normal trading account. Many people have been eligible to contribute 5,000 a year for the last 3 years, so that's up to 15,000 to work with. If you have trading profits or income, you can leave it to build up, or take some out, withdrawls are untaxed and get added to your TFSA contribution limit for the next year.
I'm thinking of buying some Lululemon stock. Growing fast, no debt, sexy products, but not as much public info and investor discussion as I'd like, since it's a smaller Canadian company. I had some LULU a few years ago, it was doing well but I sold it to break even during the financial meltdown.
***EDIT*** decided Yoga pants although fascinating are too much of a personal unknown, got more Apple instead, I know much more about it and have more confidence in good things to come.***
http://www.thevancouverite.com/vanc...ere_lululemony/ |
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| patpicos |
| quote: | Originally posted by tvmann
Mostly I'm a buy-and-hold investor.
BUT, I might try some faster trades of Canadian stocks in a TFSA (tax-free savings account), with holding periods of a few days or weeks, There are no capital gains or other taxes and accounting for the TFSA is very simple in comparison to a normal trading account. Many people have been eligible to contribute 5,000 a year for the last 3 years, so that's up to 15,000 to work with. If you have trading profits or income, you can leave it to build up, or take some out, withdrawls are untaxed and get added to your TFSA contribution limit for the next year.
I'm thinking of buying some Lululemon stock. Growing fast, no debt, sexy products, but not as much public info and investor discussion as I'd like, since it's a smaller Canadian company. I had some LULU a few years ago, it was doing well but I sold it to break even during the financial meltdown.
http://www.thevancouverite.com/vanc...ere_lululemony/ |
Do you have any TFSA account you recommend where you can do the trades online w/o having to call the bank ? |
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| jester |
| quote: | Originally posted by devnull
Do you have any TFSA account you recommend where you can do the trades online w/o having to call the bank ? |
Check out RBC Direct Investing. Its pretty good, you can do it online. Sucks that the TFSA max $5000. Seeing you get charged $28.95 per transaction. It only goes down if you do so many in one year or somehow manage to get up to $100,000.
If somehow manage to put $5000 down on like a 0.25 cent stock, thats like 20,000 shares. Who knows you might be lucky, doubling or tripling it in one year. The odds of it jumping 100x is slim to none, but there's money to be made. It probably would take a few years to become a millionaire.
CAD vs. others (1 year period) [Dec 28/10]
CAD-EUR: +15.9% [€ 0.7544]
CAD-RUB: +7.69% [RR 30.1182]
CAD-GBP: +7.5% [£ 0.6500]
CAD-USD: +3.6% [$ 0.9984]
CAD-RMB: +1.73% [¥ 6.5858]
CAD-MXN: +0.95% [$12.2676]
CAD-BRL: +0.55% [R$ 1.6736]
CAD-ILS: -1.44% [₪ 3.5499]
CAD-CHF: -3.89% [f 0.9511]
CAD-JPY: -6.42% [¥ 82.2983]
CAD-ZAR: -6.99% [R 6.6806]
CAD-AUD: -8.85% [$ 0.9892]
CAD vs. others (5 year period) [Dec 28/10]
CAD-MXN: +33.39% [$12.2676]
CAD-RUB: +31.48% [RR 30.1182]
CAD-GBP: +30.39% [£ 0.6500]
CAD-EUR: +24.82% [€ 0.7544]
CAD-ZAR: +22.26% [R 6.6806]
CAD-USD: +15.84% [$ 0.9984]
CAD-ILS: -0.73% [₪ 3.5499]
CAD-RMB: -3.88% [¥ 6.5858]
CAD-CHF: -15.18% [f 0.9511]
CAD-AUD: -15.85% [$ 0.9892]
CAD-JPY: -17.71% [¥ 82.2983]
CAD-BRL: -23.51% [R$ 1.6736]
Most recent high
CAD-JPY - 122.65 (Nov 2nd / 2007)
CAD-USD - 1.07 (Nov 2nd / 2007)
CAD-CHF - 1.2336 (Nov 2nd / 2007)
CAD-RMB - 7.9705 (Nov 2nd / 2007)
CAD-AUD - 1.3117 (Oct 10 / 2008)
CAD-GBP - 0.6656 (May 14 / 2010)
CAD-EUR - 0.7984 (Jun 11 / 2010) |
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| tvmann |
| quote: | Originally posted by devnull
Do you have any TFSA account you recommend where you can do the trades online w/o having to call the bank ? |
TD Waterhouse (like probably all brokerages run by big Canadian banks) is good although I occasionally have minor complaints, like delays moving money to another account.
If you trade US stocks frequently in a TFSA it will cost extra because they always convert to/from the Canadian dollar where the brokerage makes a profit off you, so the TFSA is probably best for Canadian stuff or long term holds of foreign securities. |
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| Skipper |
| quote: | Originally posted by devnull
Do you have any TFSA account you recommend where you can do the trades online w/o having to call the bank ? |
I use itrade to trade in my TFSA.
Right now I'm holding small/micro cap gold stocks. I've got some cash on the sidelines but the first few days of 2011 are making me nervous to park it anywhere. Non Aussie coal stocks have all run a lot already - I don't know what kind of room is left on the Aus flood play now. |
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| Vivid Boy |
skipper, can I ask you out on a date?
the sexual tension would be incredible. |
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| Swamper |
| quote: | Originally posted by jester
Check out RBC Direct Investing. Its pretty good, you can do it online. Sucks that the TFSA max $5000. Seeing you get charged $28.95 per transaction. It only goes down if you do so many in one year or somehow manage to get up to $100,000. |
This was the case until just last month where they dropped it to $50k for $9.99 trades -- I think ETFs and mutual funds are still $29 though.
| quote: | Originally posted by tvmann
If you trade US stocks frequently in a TFSA it will cost extra because they always convert to/from the Canadian dollar where the brokerage makes a profit off you, so the TFSA is probably best for Canadian stuff or long term holds of foreign securities. |
Not at RBC - you can keep it in USD -- http://www.rbcdirectinvesting.com/t...gs-account.html
I transferred my TFSA there for this reason. |
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| SSSanchez |
| Toronto is a minion compared to London UK. |
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| jester |
| quote: | Originally posted by Swamper
This was the case until just last month where they dropped it to $50k for $9.99 trades -- I think ETFs and mutual funds are still $29 though.
Not at RBC - you can keep it in USD -- http://www.rbcdirectinvesting.com/t...gs-account.html
I transferred my TFSA there for this reason. |
Sweet... thats good to know! I am happy that BMO lowered their RRSP to $9.99 or wtv for people with $50k and over :) Should be at that level soon, even though I have that seeing I did over 30+ trades in the past few months.
RBC lowering it to $50k to be able to trade at $9.99, is sweet. If you know what your doing, you can hit $50k in a few years. |
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