OT: Lets talk about stocks (Part 2)

[George Lebay]

I have a question for you experts. I know jack shit about investments. I recently tranfered my pension fund from my former employer to my new one. Someone from my former employer explained to me that there was a surplus of 27k$ that they would send me in cash. Problem is I don't know what to do with it. I don't want to buy boring REER or anything like that, I've think I've got enough. Any suggestions on what I could do with that money in term of investments ? I'm willing to take some risks..

 

[llamateizer]

I have a question for you experts. I know jack shit about investments. I recently tranfered my pension fund from my former employer to my new one. Someone from my former employer explained to me that there was a surplus of 27k$ that they would send me in cash. Problem is I don't know what to do with it. I don't want to buy boring REER or anything like that, I've think I've got enough. Any suggestions on what I could do with that money in term of investments ? I'm willing to take some risks..

REER/CELI (RRSP /TFSA) are only tools
it's not "boring". you can buy TSLA with RRSP or TFSA or non registered.
depends on what your plan to do with that money and when you need it.

crypto. there is high volatility to it.
if not there is growth stocks.

 

[QuebecPride]

I have a question for you experts. I know jack shit about investments. I recently tranfered my pension fund from my former employer to my new one. Someone from my former employer explained to me that there was a surplus of 27k$ that they would send me in cash. Problem is I don't know what to do with it. I don't want to buy boring REER or anything like that, I've think I've got enough. Any suggestions on what I could do with that money in term of investments ? I'm willing to take some risks..

The surplus could be taxable, you might want to put it in REER (RRSP) to reduce that tax amount.

Here's a good place to start.

Getting Started | Canadian Couch Potato

Your portfolio should be at least 80% boring index ETFs, ideally 90%. I use the remaining 10% as a release valve for the risky/fun stuff, but at least I know that most of my investments will do well.

You should probably open an account at a discount broker. Then you'll be able to decide what you invest in.

The 2021 Globe and Mail online brokerage ranking: Who’s best for investing ... and answering the phone

As far as willing to take risks and the not boring part. You can now invest in bitcoin, ethereum and such via ETFs. I would not venture to have more than 5% in cryptos (I currently have ~2.5%, mostly in bitcoin). Personnaly I invest in a few funky ETFs (HERO for videogames, ARB for a long/short fund in SPACs, etc.).

Investing in single stocks is fun, but it's really hard. Personally, not many Canadian Companies currently excite me to the point of investing, and I don't want to get screwed in the exchange rates to invest in the US.

One local company that excited me (Lion Électrique), is going public in the NASDAQ I believe.

 

[Stanley Cup]

The surplus could be taxable, you might want to put it in REER (RRSP) to reduce that tax amount.

Here's a good place to start.

Getting Started | Canadian Couch Potato

Your portfolio should be at least 80% boring index ETFs, ideally 90%. I use the remaining 10% as a release valve for the risky/fun stuff, but at least I know that most of my investments will do well.

You should probably open an account at a discount broker. Then you'll be able to decide what you invest in.

The 2021 Globe and Mail online brokerage ranking: Who’s best for investing ... and answering the phone

As far as willing to take risks and the not boring part. You can now invest in bitcoin, ethereum and such via ETFs. I would not venture to have more than 5% in cryptos (I currently have ~2.5%, mostly in bitcoin). Personnaly I invest in a few funky ETFs (HERO for videogames, ARB for a long/short fund in SPACs, etc.).

Investing in single stocks is fun, but it's really hard. Personally, not many Canadian Companies currently excite me to the point of investing, and I don't want to get screwed in the exchange rates to invest in the US.

One local company that excited me (Lion Électrique), is going public in the NASDAQ I believe.

Lion is already public through NGA warrants and the ticker is changing to LEV any day now. Will be on both NASDAQ and TSX.

 

[japhi]

What did you go into Berskire Hathaway or something? It has quite a diverse portfolio. Get some railroad, banks, tech companies

Much easier then that, you just buy the SP500 via an index fund or ETF.

Vanguard ETF Profile | Vanguard

15% average return over the past 11 years, 3bps fees.

I'd actually recommend broader diversification - 3 or 4 ETFs that over exposure to global and Canadian equities. But really, anyone that simply buys the SP500 via an ETF and can hold through the bad times will outproduce 98% of stock pickers, including large institutional investors.

More reading:

Warren Buffett beat the hedge funds. Here's how

 

[QuebecPride]

Lion is already public through NGA warrants and the ticker is changing to LEV any day now. Will be on both NASDAQ and TSX.

I didn't know they were planning to list on the TSX as well. I'll for sure buy some. Thanks for the heads up.

EDIT: Ticker will be LEV as well on TSX.


Northern Genesis Acquisition Corp. Receives Stockholder Approval for its Intended Business Combination with Lion

 

[japhi]

I have a question for you experts. I know jack shit about investments. I recently tranfered my pension fund from my former employer to my new one. Someone from my former employer explained to me that there was a surplus of 27k$ that they would send me in cash. Problem is I don't know what to do with it. I don't want to buy boring REER or anything like that, I've think I've got enough. Any suggestions on what I could do with that money in term of investments ? I'm willing to take some risks..

We are in the midst, near peak of an intense asset bubble. Most anything you buy today will be overbought and expensive relative to historical. My suggestion would be to put the money into a ROBO advisor like Wealthbar or Wealthsimple, choose one of their aggressive portfolios, and see how the markets do. Shorter - you will not be able to stock pick and beat the markets so buy an ETF or stack of ETF through a ROBO. That 27K will double every 9 years @ 8% so in 18 years that will be over 100K and in 27 200K . Not sexy but if you try and pick stocks or more risky assets I'd bet you 27K you lost a good chunk of that money pretty quick.

 

[montreal]

just made a bunch of small moves today,

started a new position in - ETON, MNMD

sold out of - FBIO, VZ, GRWG, SNDL (though still have a few July calls)

trimmed - ADXS, MSOS, SLV

added to - PSTH, LOGI, LAZ, FBHS, ITW​

 

[Ozmodiar]

I live in a small community in Nova Scotia of about 1,000 people. Right on the ocean. Recently, we had a spike in real estate prices also. Mostly by people from Ontario selling their homes and buying same house much cheaper down here. Out walking other day, passed new guy in neighborhood by his house. He said he sold out for over a million in Toronto bought same house here for 200k. Pocketed a million. He was about 55-60 I would say. Said his son is looking to do the same and buy a home here

Where’s that? (County, if you don’t want to be specific)

considering something like that, though not with primary residence.

 

[QuebecPride]

Again on leveraging stocks: You need to be able to handle that volatility.

Stock Market Returns Are Anything But Average

 

[peate]

Even though this thread has been around a while, I still read the title as Let's talk about socks.

 

[llamateizer]

Even though this thread has been around a while, I still read the title as Let's talk about socks.

I'm size 13 and lack finding socks at my size. The 8-13 classic socks are too small to me. It pisses me off

 

[peate]

I'm size 13 and lack finding socks at my size. The 8-13 classic socks are too small to me. It pisses me off

 

[japhi]

Again on leveraging stocks: You need to be able to handle that volatility.

Stock Market Returns Are Anything But Average

That's a great chart and reinforces that if you can handle the down years, the up years more then make up for it. 60% up years and the ups are higher percentage wise then the lows. Look at the rebound from 2007 - if you held you were back in the money late 2009 and it was mostly bull run until 2020. If you held through Covid, you are way up. The key is being able to look away when things are bad, or even better push more money in.

No reason the average investor can't do well in the markets. Buffet beat a actively managed hedge fund with a passive ETF. Buy the SP500, make regular contributions. keep 5-10% cash on hand to push in when markets weaken, and you should do 8-10% over the long haul.

 

[japhi]

I'm size 13 and lack finding socks at my size. The 8-13 classic socks are too small to me. It pisses me off

Size 13 ?!? That a recent picture of you in your profile?

 

[Scintillating10]

Where’s that? (County, if you don’t want to be specific)

considering something like that, though not with primary residence.

Yarmouth

 

[McGees]

Dollar is a mess. Putting it all in Bitcoin

 

[Scintillating10]

Much easier then that, you just buy the SP500 via an index fund or ETF.

Vanguard ETF Profile | Vanguard

15% average return over the past 11 years, 3bps fees.

I'd actually recommend broader diversification - 3 or 4 ETFs that over exposure to global and Canadian equities. But really, anyone that simply buys the SP500 via an ETF and can hold through the bad times will outproduce 98% of stock pickers, including large institutional investors.

More reading:

Warren Buffett beat the hedge funds. Here's how

I may put some into it. I have a GIC coming due end of May. Been locked in for 2.5 years. Around 27-28k. Thinking about putting that into VOO.

Can't be much there. Have to pay income tax, and some kind of fee on it.

 

[Scintillating10]

Dollar is a mess. Putting it all in Bitcoin

Ethereum is surging now. Bitcoin is floundering

 

[llamateizer]

Ethereum is surging now. Bitcoin is floundering

I'm so glad that I decided to put 50/50 BTC ETH recently.

First purchase was when it reached ATH at 1850 (crashed few days after lol)

 

[QuebecPride]

Ethereum is surging now. Bitcoin is floundering

+6.5% today for my EBIT ETF, unbelievable but I'm still in green despite the huge crash lol

 

[McGees]

Ethereum is surging now. Bitcoin is floundering

Bet Bitcoin hits 100k this year

 

[Lafleurs Guy]

The surplus could be taxable, you might want to put it in REER (RRSP) to reduce that tax amount.

Here's a good place to start.

Getting Started | Canadian Couch Potato

Your portfolio should be at least 80% boring index ETFs, ideally 90%. I use the remaining 10% as a release valve for the risky/fun stuff, but at least I know that most of my investments will do well.

You should probably open an account at a discount broker. Then you'll be able to decide what you invest in.

The 2021 Globe and Mail online brokerage ranking: Who’s best for investing ... and answering the phone

As far as willing to take risks and the not boring part. You can now invest in bitcoin, ethereum and such via ETFs. I would not venture to have more than 5% in cryptos (I currently have ~2.5%, mostly in bitcoin). Personnaly I invest in a few funky ETFs (HERO for videogames, ARB for a long/short fund in SPACs, etc.).

Investing in single stocks is fun, but it's really hard. Personally, not many Canadian Companies currently excite me to the point of investing, and I don't want to get screwed in the exchange rates to invest in the US.

One local company that excited me (Lion Électrique), is going public in the NASDAQ I believe.

You're okay with risk? Longer term, Nuvei and Lightspeed are two Montreal companies that I think are really good. I invested in Shopify a few years back and the returns were like 8x. E-Commerce is not going anywhere. Those stocks are expensive though...

And be prepared for volatility. If you can't stomach it, then it's not for you. It can swing wildly. Esp with bond yields rising.

 

[gillyguzzler]

I have a question for you experts. I know jack shit about investments. I recently tranfered my pension fund from my former employer to my new one. Someone from my former employer explained to me that there was a surplus of 27k$ that they would send me in cash. Problem is I don't know what to do with it. I don't want to buy boring REER or anything like that, I've think I've got enough. Any suggestions on what I could do with that money in term of investments ? I'm willing to take some risks..

I have a list of upcoming growth stocks that I usually throw new found money at in the hope that at least one of them will be a ten banger or more. I look at the technology first and then the management team that can grow the company and bring the tech to market. They're not often well known and are often pre-revenue. Enbridge will get you a 7% dividend and could grow 10% this year. That's terrific and is great in my RRSP. But I like to find diamonds in the rough like EXRO, ETMC, DFLY, BEER, VMC... all using exciting technology.

Some have terrific DD pages like this one from shareholders to explain the tech:

 

[QuebecPride]

You're okay with risk? Longer term, Nuvei and Lightspeed are two Montreal companies that I think are really good. I invested in Shopify a few years back and the returns were like 8x. E-Commerce is not going anywhere. Those stocks are expensive though...

And be prepared for volatility. If you can't stomach it, then it's not for you. It can swing wildly. Esp with bond yields rising.

I have Lightspeed via QXM, and I expect Nuvei to join that index soon. But I'm not sure I'd invest directly in both.

The owners of Nuvei really cashed in by selling shares when they went public, which is something I usually don't like. But it's an interesting Fintech, I agree.

Shopify was a great investment indeed. It is now so expensive lol