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12-02-2018, 07:52 PM #181
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12-02-2018, 08:02 PM #182
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12-03-2018, 05:55 AM #183
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12-03-2018, 06:53 AM #184
Been reading those for about a year. PM if you have questions. The mister money mustache blog is also a great resource.
Most financial advisers purposely make things way to complicated to justify their existence. There is elegance in simplicity. Also, simple investment portfolio consisting of no more then 3-funds frequently beat more complicated schemes, especially over multi-decade time periods. Don't take shortcuts, just buy and invest in index funds and stay the course. It's almost like lifting. It's really simple (eat right, train hard and rest) yet there are many ways for those basic rules to become overly complicated by people trying to sell you something.
Good book backed by empirical research:
https://www.amazon.com/Bogleheads-Gu.../dp/1119487331
The cliff notes version is that all you need to know can fit on a index card:
https://www.youtube.com/watch?v=JdUKhgW1gOoMany of life's failures are men who did not realize how close they were to success when they gave up.
-Thomas Edison
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12-03-2018, 06:57 AM #185
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12-03-2018, 06:58 AM #186
Railways are highly cyclical. Prices of coal, agriculture and economic growth affect their share prices greatly. They got clobbered in the great recession.
I would recommend a basic 3 fund portfolio to minimize risk and simply own the market.
https://www.physicianonfire.com/read...s-three-funds/
https://www.bogleheads.org/wiki/Three-fund_portfolioMany of life's failures are men who did not realize how close they were to success when they gave up.
-Thomas Edison
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12-03-2018, 07:09 AM #187
The Trouble with any Ashin thread more than four posts long is he inevitably trips himself up forgetting the details about his own lies and exaggerations, for example, ITT, impossible to know:
Has he recently read one investment book, or 'several' ?
What is his total net portfolio value ? 220k (lol), 420k (lol lol), or 30k (max)
How many 'properties' (including trailers, and unbuilt ones) have a mortgage? Two or three?
Etc etc
Which is all apart from eternally unanswered questions about when he's going to pay his parents back for the money they loaned him.
If a young miscers take from this thread is to invest in Canadian railroads at 1% growth.... jeezLifetime Natty
Veteran Warrior of the Iron Game
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12-03-2018, 07:19 AM #188
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12-03-2018, 07:22 AM #189
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12-03-2018, 07:27 AM #190
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12-03-2018, 07:52 AM #191
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12-03-2018, 07:54 AM #192
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12-03-2018, 07:58 AM #193
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12-03-2018, 08:04 AM #194
Those lost, read this thread
https://forum.bodybuilding.com/showt...hp?t=175621421
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12-03-2018, 08:46 AM #195
Can you start a Questrade account using the TFSA as the veichle? If you could, i'd go that way if you don't have the money for full share reinvestment but still want the automation of a DRIP. However I'd look to see if question trade honours the DRIP discounts on shares companies will offer to shareholders(usually a few percent cheaper than market's price)
CNR stock is also one of the best dividend-growth stocks among Canadian companies, paying $0.4125 quarterly dividend. This payout is 10% higher when compared to the same period last year. Over the past five years, CNR’s annual dividend distribution has doubled to $1.5 a share on top of 350% capital gains.
CNR has been able to produce this stellar performance because it faces a very little competition and it commands pricing power. The Canadian rail industry is dominated by only two companies — CNR and Canadian Pacific Railway Limited.
Spoiler!
to idle is to fail
so what we gonna do for income?
yes
does m1 finance honor the DRIP discount?Last edited by ashin1; 12-03-2018 at 10:38 AM.
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12-03-2018, 08:51 AM #196
I am signed up with Questrade which I believe is the most popular online broker in Canada. I'm still fuzzy on how to start. What I've gathered from this thread is that its best to open to TFSA (which is similar to an american RRSP) and invest in dividend or growth stocks. Starting off, from what i understood, its a good idea to play it safe and invest in Canadian banking stocks - consistent dividend returns and generally stable.
If i understood you, you are suggesting to invest in a portfolio? Or are you saying to invest money and you get partial shares?
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12-03-2018, 08:55 AM #197
Canadian Banks are stable, but you americans(given you live in the states) have lots of great blue chip companies as well, i'm jealous I can't hold them in my TFSA cause of foreign withholding taxes lol.
If you want to set and forget method of dividend growth investing then try and get a DRIP started, basically is a plan that automatically reinvests your dividends back into the company free of commission fees, and you sometimes get dividend reinvestment discounts from the company so you save/profit a little when you reinvest the dividends through a DRIP.
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12-03-2018, 09:00 AM #198
I'm in Canada - from what I understood about buying American stocks as a Canadian is that the dividend yields are taxed for 15%, and we are subject to currency changes. Investing in foreign companies such as those in the UK are a better option since they aren't subject to that 15% tax although the currency changes still apply.
Noted about the DRIP.
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12-03-2018, 09:10 AM #199
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12-03-2018, 09:27 AM #200
- Join Date: Jan 2009
- Location: California, United States
- Age: 40
- Posts: 11,232
- Rep Power: 83162
My recommendation is to read this set of posts. I'll warn you that it'll take a few hours to read them all, but you probably waste way more time reading stupid chit on the internet. It's worthwhile to spend a few hours on something as important as finance.
Stock Series
Alternatively, if you want to pay for it, you can read the book version: The Simple Path to Wealth
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12-03-2018, 09:57 AM #201
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12-03-2018, 09:59 AM #202
Many companies offer shares at a discount through their DRIP from 1 to 10% off the current share price. Between no commissions and a price discount, the cost basis for owning the shares can be significantly lower than if the shares were purchased on the open market.
not all brokers honor the price discount included in a company's DRIP.
Hence why I switch my broker from BMO investorline(didn't honor the drip discount) to CIBC(investor edge does honor the drip discount).
This is why i tell people to figure out if dividend investing is right for them so they can open the right brokerage account. 20 years is a long time and alot of money to waste if the broker doesn't honor the drip discount is the way i see it.
I mentioned in an earlier post i am gonna build a garage with a 500sq ft apartment beside my trailers, and that will be my base. (I see myself traveling most of the year and won't be home as much, but the option of base is good in case i need to resort back to my lucrative job(would still be making the same money because my pay scale is reflective of my years of experience).
but if i'm building a base, im gonna build to my liking, so i'll try and fit and indoor skate park in the garage portion lol
a mans gotta skateLast edited by ashin1; 12-03-2018 at 10:10 AM.
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12-03-2018, 11:08 AM #203
Look young fella, I would probably consider myself as one of the more successful reds, (oops I've just turned green) posted pics of my new Porsche a few weeks ago, 'several' properties etc. Etc. BUT
I know enough about investing to know that:
1) I'm a lucky chump, I fell into some opportunities and a side hustle, didn't plan it
2) The vast vast majority of professional portfolio managers fail to beat the index over the medium and long term. Buffet and some others are brilliant.
3) Odds are therefore against Ashin being good at picking stocks.
Look if you buy into his minimalist way of life, reducing expenses to the minimum, that's one approach that may work for you. Personally if it was me living like that in the Tundra I would blow my brains out after a week but IDGAF.
But now he's recommending stocks..... if you take that advice seriously you might as well set your hair on fire and buy Bitcoin.
Plenty of sensible posters in this thread with links to real advice, but broadly:
1) Be lucky
2) Minimise taxLifetime Natty
Veteran Warrior of the Iron Game
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12-03-2018, 11:18 AM #204
Agreed and I if may, I would add a number three. Keep costs low!
Warren Buffet is the Michael Jordan of investing. Just because you pick up the basketball doesn't mean you will ever come close. Buffet recommends index investing and staying the course over anything active. He recently just clobbered the hedge funds on a famous $1 million dollar bet.
https://www.cnbc.com/2018/02/16/warr...girls-inc.htmlMany of life's failures are men who did not realize how close they were to success when they gave up.
-Thomas Edison
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12-03-2018, 11:30 AM #205
For simplicity - If i invest $3000 into one of the big 5 Canadian banks, this would be considered a safe play because of its consistent dividend returns and year-to-year growth?
This is the direction I am headed right now. Open to suggestions.
When you say be lucky youre implying to invest in something now that will make it big later (eg netflix 15 years ago)?
Also not sure what you mean by minimise tax - if im using a TFSA that means im minimizing tax, correct?
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12-03-2018, 11:35 AM #206
Yet another poster who's sole purpose to of posting ITT is to try and antagonize OP.
its okay that you are mad I found my own way to finesse the game, while also enjoying my life to the fullest (anytime you hear tundra from this chump i promise you will never read private backyard skatepark along with it )
Again I am not reply to you directly, rather just like to make it known that its pretty weak that you a poster who is literally trying to discourage a miscer from wanting to expand his education on a potentially life changing idea.
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12-03-2018, 11:41 AM #207
lets look at BMO for example:
BMO began operating in 1817, making it Canada’s oldest chartered bank. Right now, it’s the fourth-largest of the big five banks, with assets of $708.6 billion (as of July 31, 2017).
Bank of Montreal currently provides a wide range of financial services to over 10 million customers from 900 branches in Canada and 600 in the U.S. Its Canadian retail banking operations supply 40% of its earnings, while the U.S. branches contribute 18%.
The bank gets a further 23% of earnings from its capital markets division, which sells brokerage and securities-trading services. The remaining 19% comes from its wealth management business
Bank of Montreal has paid dividends without interruption for 188 years. It last raised its quarterly dividend by 2.3% with the August 2017 payment. Investors now receive $0.90 a share instead of $0.88. The new annual rate of $3.60 yields 3.6%.
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12-03-2018, 12:06 PM #208
Are banks solid and safe? Definitely? Mmmm...
Royal Bank of Scotland, founded 1727, effectively bust 2008, 81% share dilution
https://en.m.wikipedia.org/wiki/Royal_Bank_of_Scotland
The three biggest Icelandic banks, Kaupthing, Landsbanki and Glitnir, bust in 2008, biggest financial crash relative to size of economy in history:
https://en.m.wikipedia.org/wiki/2008...nancial_crisis
Barings bank, founded 1762, bust in 1995:
https://en.m.wikipedia.org/wiki/Barings_Bank
Complete list of major banking disasters for you:
https://en.m.wikipedia.org/wiki/List_of_banking_crises
And as for Canada..... in the opinion of the BIS in March this year it is one of the three countries most likely to have a new banking crisis due to high consumer spending and CC debt:
https://news.vice.com/en_ca/article/...banking-crisisLifetime Natty
Veteran Warrior of the Iron Game
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12-03-2018, 12:08 PM #209
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12-03-2018, 12:21 PM #210
WOT?
RBS hasn't paid a dividend for ten years!!!!!!!
https://www.dividenddata.co.uk/divid...ry.py?epic=RBSLifetime Natty
Veteran Warrior of the Iron Game
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