Stock Market
- Thread starter Warlord
- Start date
i like to use both Interactive Brokers and Questrade. i do hold long positions as well. but i do a lot of day trading.
Im starting to dabble into it a bit in the last few years. I have a wide variety in my portfolio. But not many are single stocks. Mostly income funds, split corps and etfs. I like the dividends.
Im learning a bit more about crypto. Im gonna start crypto staking as well. Pretty similar as dividends, your lending your crypro out for a fee. Say 4-12%.. looks intresting, but always a risk with crypto
Gold and silver is always fun to stack too. At least I cant spend it as easy as cash..haha
Im learning a bit more about crypto. Im gonna start crypto staking as well. Pretty similar as dividends, your lending your crypro out for a fee. Say 4-12%.. looks intresting, but always a risk with crypto
Gold and silver is always fun to stack too. At least I cant spend it as easy as cash..haha
Investments yes, day trading never. I live by the old saying "time in the market always beats timing the market". You can make a fortune day trading, you can lose one as well. I'd rather lose 10k at the casino than day trading, less work involved and often the same result
Staking crypto can be great and super risky. The only time your crypto is "safe" is when it's taken off the exchange and onto a cold storage wallet. And even then there's a small risk of an in-person robbery and you still have to worry about volatility.
Staking typically involves leaving your crypto on an exchange. Not your keys, not your coins. You can easily lose it all overnight through a hack or the exchange closing down. Look at the whole QuadrigaCX fiasco many of us including myself lived through. You can self-stake ETH if you have more than 32eth, otherwise you have to put it out there in a staking pool which puts a lot of trust in the owner of the pool. And there's a few others that can be staked through your cold storage wallet, ADA comes to mind as one of them. But the further down the list you get, the more likely your investment will go to 0.
flexappeal
Moderator
No day trading for the simple fact I do my investing thru my TFSA and I want to keep things tax free. It is tempting though with so many great tools out there to eliminate the guess work and possibly reduce risk.
Traditional stocks I mostly hold and like dividend paying stocks. Not much volatility in the stock market so it’s hard to trade and make money unless you are playing with hundreds of thousands.
crypto…well that is another beast all together. I trade regularly. If you are just starting out be real careful it is very volatile and human psychology will usually get you REKT. Over time though you get a feel for the market and can stack some extra dinero.
crypto…well that is another beast all together. I trade regularly. If you are just starting out be real careful it is very volatile and human psychology will usually get you REKT. Over time though you get a feel for the market and can stack some extra dinero.
RigPig
Moderator
I was but I got out a while ago, I never invest in hype except for AMC. Made some money, reinvested it into on of my regular stocks and made even more.
Not bad considering, but didn’t get in before the peak.
Once I’m done with a stock I delete it from my ticker, I don’t want to play the “what if game”
I have no idea what they’ve done since I bailed.
risky for sure, i got in low, so im gonna ride it for a couple of more weeks. well see what happens
My dad has a guy who has been giving him a pretty much 10% return for a decade. I use him. Right now it’s about 10-12% after his percentage.
I figure even 7-8% for do absolutly nothing other than handing him some money seemed like a win to me.
Like he told me, if I go for 7-8% we will be friends forever because he can do that.
‘My dad says the best part is when the money you make starts making you money.
I figure even 7-8% for do absolutly nothing other than handing him some money seemed like a win to me.
Like he told me, if I go for 7-8% we will be friends forever because he can do that.
‘My dad says the best part is when the money you make starts making you money.
thats a healthy Rate. better then keeping it in the bank for 0.3% interest rate Annually
Oh they offered me a special rate at the bank, if I kept min 100,000 in an account the whole month I got a huge 1%, lol.
That’s decent
Unfortunately these days you need all of that just to keep up with inflation
You sure the math on that works out? Fees can be tricky, and advisors are trained to breeze over them without going too in depth. Financial advisors can't invest in individual stocks or ETF's, they invest in mutual funds. Depending on their firm and how much you have invested, you're typically bound to the ones managed by their firm directly. Those funds typically have fees between 2-3%. Then the FA's fee on top of that which is typically 1%.
So let's assume the lower MER on your mutual funds, so your total fees are 3%. A common misconception is that this is 3% of your gains, but that's not how it works. It's 3% per year of the total amount invested each year. So even if the market has a down year, you still pay 3% of the total amount invested. There's actually a calculation you can do to show how much of your gains you're actually keeping after fees. It's called the T-REX score.
So on a 10k investment making a 10% annual return (which is above normal), and assuming a 3% total in fees, you will keep only 45% of your gains over a 25 year period. That means 55% of every dollar made from that investment will be going towards fees. So for him to be returning 10-12% AFTER fees, he'd have to be really be pulling in over 20% every year. Which was actually quite normal throughout the pandemic, but definitely not long term. So unless he's Warren Buffet himself, you're likely gaining far less than 10-12%. Realistically, after fees you're likely in the 6-7% range, which as you said, it's still a win.
He takes a percentage.
I will look at the paperwork again, but I do not remember seeing any other fees and I looked the contract over pretty hard.
Anyhow when I asked him if I was being reasonable asking for a 7-8% return, or should we try for more he saud quote’ “at 7-8% we will be friends forever, I can do that no problems”. My dad had made anywhere from 7-15% in the last decade. I only picked this guy because of the history he had with my dad.
He won’t touch you unless you invest a pretty heafty chunk of money.
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You know that’s exactly right.
I have been sitting on this money for like 2 years now, not knowing what the hell to do. Then I watched a vid put up by Pierre polivieve about how rich people do fine with during inflationary times because the have assets, people with cash take the hit. Poor people live on cash.
‘That’s when I saI’d, shut I better invest this money before inflations makes it worth nothing.
I do kick myself for not buying the 3 townhomes for sale a year and 1/2 ago. But I didn’t know housing was going to climb like this.
they were $380,000 to buy, and they are selling for around $380,000 each right now.
my issues was I didn’t feel like getting stuck with repairing them if needed be or dealing with renters. Ontario’s laws are crap.
flexappeal
Moderator
Yup. Have an option that expires this Friday $12 strike
. I have a couple shares too.