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Thread: Donny's Stock Talk
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07-28-2007 11:30 PM #121
hot stock
TMG on the Venture exchange looks promising. Bought in at 0.18, climbed as high as 0.60, now down in the 0.38 range. They make systems that clean up emmissions by factories, and "green" is hot right now.
Slice, hook, or straight down the middle. It all looks the same on the score card.
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08-15-2007 02:50 PM #122
Do you guys document your progress. What's your gain % per quarter, half or full year?
Where did your learn all this? School or in books and then trial and error?
Trading is something that I always found fascinating but never got in to it.
Interesting thread by the way.
MikeStrive for perfection, but never expect it!
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08-15-2007 05:32 PM #123
What a brutal month, just horrible. Most of the gains from the previous year are being wiped out due to the US Credit scare. My advice for now is hold off until September, let this pass. Should be able to buy back in in September at a nice discounted price.
Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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08-16-2007 02:22 PM #124
Is anyone else's fund managers getting in touch with them regarding moving your money? Besides myself, 2 of my coworkers have recently had their fund manager ask if they would like to move their money. WTF are we paying these people for? Wouldn't it make more sense to ride this out rather than sell in a panic?
Al Gore didn't invent the internet, but he did invent global warming.
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08-16-2007 06:38 PM #125
Fund managers, no offense, are not worth a penny. There are exceptions, and I don't mean to offend any, but they make their management fees regardless of the performance of your fund. I had one for a few years, I never heard from him. That's when I started my own funds! I do more due diligence then any fund manager I've ever met. Again, don't mean offense, there are exceptions, and I don't want to start any debate whatsoever, to each is own.
Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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08-17-2007 02:11 PM #126
No argument here. I recently switched fund managers and the very first thing my new guy did was try to sell me more life insurance. I explained to him I didn't want to have to die to increase cash flow.
If you don't mind me asking, in a nutshell, how do you go about managing your own ? How would I go about switching from my new guy to doing it myself?Al Gore didn't invent the internet, but he did invent global warming.
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08-18-2007 07:07 AM #127
Open up an account with a bank that has on-line trading. When you open your account, you fill in transfer paperwork and your account is transferred automatically. It may cost you some money to transfer. I'm with TD Webroker which has a very good on-line system. You manage every aspect of your own account and you even have access to Real-Time quotes.
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08-18-2007 08:52 AM #128
I agree with EM69. If you want any specifics, feel free to PM me as well. I use TD Waterhouse, but I would switch to ETrade if I didn't do all my banking with TD.
Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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08-18-2007 08:35 PM #129
Like Donny, I do ALL my banking with TD, so it very easy to transfer money in and out of all the accounts (trading, chequing, mortgage, line of credit, etc.). I was with CIBC prior and it was a pain to deposit money into my account so that I could trade. Besides, the CIBC on-line was TERRIBLE.
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08-27-2007 01:08 PM #130
Thanks for the info, I already bank with TD so I'll give them a try first.
Al Gore didn't invent the internet, but he did invent global warming.
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08-28-2007 11:37 AM #131
So if I wanted to invest in 1 single particular stock, would I be better to use etrade? Basically I want to use some 'fun money' to invest just for kicks outside my regular portfolio. Let's say I want to start out by investing 2K in a particular companies stock, what's the easiest way to do this?
Al Gore didn't invent the internet, but he did invent global warming.
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08-28-2007 11:39 AM #132
Etrade is great for a lot of trades, but if you're just going to do one trade and then one sell, you mise well just stay with TD.
Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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08-28-2007 08:19 PM #133
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08-30-2007 09:46 AM #134
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08-30-2007 10:12 AM #135
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It really depends on a number of factors. Did your advisor explain why he/she wanted to move some of your assets? If you disagree with what he is saying, then let it be known.
These are very volatile and unpredictable times. There are a lot of very bright people who feel that this is much more than a minor correction. Even the Guru of this thread said you should get out of this market.
I definitely don't agree with selling in a panic, but are you really sure that is what this is?
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08-30-2007 10:22 AM #136
With highly speculative stocks in either a bear or a correcting market, good news will have a muted effect, bad news will be exaggerated. Even the 'good' stocks are getting punted around. Definitely know what you have right now and what your expectations are. Make sure they match.
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08-30-2007 08:30 PM #137
Nobody really knows what will happen. You need to evaluate your risks.
Life is full of risks. You must take risks in order to reap great rewards. Nobody becomes rich playing safe.
By the way, if you sold during the early stages of the market turmoil, then you could buy back in at a cheaper price right now. This would reduce your risks even further and gives you chance at making even more money.
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08-30-2007 11:44 PM #138
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The purpose of my comment was just to tell the poster that perhaps his "fund manager" WAS doing his job by telling him to get out. Whereas he seemed to be of the opinion that if guys say it is a good time to sell it means they aren't doing their job.... which doesn't make a lot of sense.
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08-31-2007 09:37 AM #139
My fund manager was not telling me to get out or stay in, he was asking me, via email, if I would like to move my money. What I didn't like was that the email had a tone of absolving himself of any responsibilty, and I understand nobody can tell the future, but I think this is an instance where I should be asking him what to do, not the other way around.
Al Gore didn't invent the internet, but he did invent global warming.
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09-01-2007 01:59 PM #140
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09-12-2007 12:28 PM #141
Anyone know the best way / place to buy gold? I'm not talking about investing in an exploration company, but actually buying gold by the ounce.
Al Gore didn't invent the internet, but he did invent global warming.
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09-13-2007 09:20 AM #142
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Buying Gold
You can buy gold at www.kitco.com
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10-06-2007 07:07 AM #143
As Gold gains steam, some of you may be interested in a solid junior producer. By the end of this month, we could see a nice increase in share price.
Go to http://www.resourceinvestor.com/ and type in Starcore International. There are some great articles which clearly explain the story.
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03-02-2008 04:42 PM #144
Been a while since I updated this. I have two plays that are just downright fantastic right now.
The first is Snowfield (SNO), it's a diamond explorer in North West Territories and they should be releasing a diamond count any day now. If you can get in first thing Monday morning in the .45 cent range, you'll stand a good chance at a great return. Look at the chart for STA on the venture exchange, and see what happened on December 7th, the day they released their diamond count.
The second is Bonaventure (BVT). The CEO has some serious connections and essentially stole a massive uranium deposit near James' Bay. The drills will be starting as soon as weather permits, and the first results will be coming by the end of summer I'm sure. This could will be in the hundres of millions of pounds of uranium. $10 a share is not too far fetched for this time next year.Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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03-02-2008 09:09 PM #145
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Sno will be up 75 cm buy the end of March
Last edited by prophet; 03-02-2008 at 09:10 PM. Reason: typo
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03-03-2008 04:00 AM #146
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03-06-2008 02:56 PM #147
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03-06-2008 05:39 PM #148
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03-08-2008 07:03 AM #149
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08-08-2009 09:01 AM #150
Sigh, what a long year. Signs of recovery in Canada now, but I still don't believe in the US dollar. I think the US is in major trouble and they're going to have another huge drop in value. Since this all started, been researching safer plays instead of the small caps that I've invested in previously.
Natural gas is extremely low, and I don't think it'll stay this low. Sucks that our gas bills don't seem to be going down. Anyway, I'm invested in three ETF (exchange traded funds) for natural gas - T.HNU and T.GAS on the TSX and UNG on the NYSE. These are strictly based on the price of natural gas and they are very liquid so you have no problems selling when you have the gain you want.
Another fund I really, really, REALLY like is 49 North Resource Fund (V.FNR). Check out the website at www.fnr.ca. Sasktachewan is the place to be in Canada (aside from maybe the Timmins mining camp (T.WTM)). It's not liquid, so you can't actively trade it. It's a fund to hold, and enjoy. Very few shares outstanding. Do a google search on Tom MacNeil, you'll be impressed.
Aside from that, I hope you folks in the private sector haven't suffered too much with your RRSP's. A few of our consultants at work lost several years of gains and are just not getting back to their initial investment.Donny Vantage NFL Guru, since 1974
Money won is twice as sweet as money earned
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