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Seeing Toronto the financial capital of Canada
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| jester |
| Do any of you invest?! |
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| slingshot |
| quote: | Originally posted by Skipper
Yes |
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| Skipper |
This thread is riveting.
I don't invest as much as I could/should - I'm next to a ridiculous amount of information flow every day and sit next to guys who play with millions in their own accounts. I guess I'm too risk averse to bet on some of the stuff they buy.
That said, I've made some good coin off the junior gold space and some select other resource plays. |
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| VDub |
| quote: | Originally posted by Skipper
Yes |
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| Nrg2Nfinit |
| Don't we already have a thread for this? |
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| 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... |
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| VDub |
| 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... |
I in wish that's how I'd done it for the same reasons that you did... |
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| DigiNut |
| quote: | Originally posted by Nrg2Nfinit
Don't we already have 3 threads for this? |
FTFY. And yes. |
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| Jayx1 |
| yes but not in toronto ;) |
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| Deacon_Ran |
| quote: | Originally posted by Skipper
This thread is riveting.
I don't invest as much as I could/should - I'm next to a ridiculous amount of information flow every day and sit next to guys who play with millions in their own accounts. I guess I'm too risk averse to bet on some of the stuff they buy.
That said, I've made some good coin off the junior gold space and some select other resource plays. |
What do you do? Not that I'm a stalker - or a gold digger looking to play Mr. Mom, but when I lurked here and there I caught one of your posts talking about Sprott and that you went to grad school to get your MBA. Equity research analyst? Or on the floor? I'm out of that game now, but I did a stint and got my CFA so I'm kind of curious.
BTW, bullion futures are a good play even though it keeps making record highs every other day and taxi cab drivers are starting to talk it up. Ride this bubble until it bursts. Fundamentals back it up with a weak $US and more quantitative easing on the way. Until there is solid GDP growth down south and no more worries you can't go wrong unless you leverage too much and get caught blindsided in whipsaw action. Making cash off juniors means you have to dig deep and figure out what they've got in play in the ground, if they're a target for M&A, and/or the potential of any exploration activity. Too much work unless someone is doing it for you.
You're in the know so I'm not going to tell you to stay away from the Barricks of the world if you want to play gold - they are not a pure play and haven't gone up in lock step with bullion, but for the average guy that wants to be in this space buy bullion ETFs. If you're not a speculator don't make it more than 10-15% of your portfolio and be ready to move out when the US economy goes into expansion mode with NO chance of slipping. I truly believe this is a bubble opportunity just like tulips, Japanese real estate in the '80s, net stocks in the late '90s - early '00s, etc... |
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| Skipper |
^^ Don't want to get into what I do or where, I'll just say that I work in the industry, and yes I did do my MBA.
Normally I'd say when taxi drivers are talking about certain sectors/stocks, then it's time to get out. However in the case of gold there are a lot of macro factors at play here that could keep it running for awhile. It's hitting new highs everyday, which raises some cause for concern, but so does the Toronto real estate market...and that went higher and higher for quite a long time.
I don't really like to buy ETFs when I have so much company specific info easily available - my more speculative investments are my "fun money" that I play with in my TFSA, the rest is locked in your everyday type of mutual funds. |
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