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leftwing
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Where to put my money? quote:

Hey all,

I am wondering where I should look to invest my money, I have a large amount (>$50,000) that I want to invest somewhere. Now should I take it to a place like Edward Jones, SunLife etc.? or Take it to a bank ie CIBC? I have never invested and am new to it, am young and have lots of time to watch it grow, but would like to make it grow faster rather than slower. I would like to ensure financial security at a young age and also have financial freedom.

Any suggestions of what to do with my money would be greatly appreciated.


Thanks alot guys.

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Old Post 11-30-2010 12:56 AM
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Jetta-2.0
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quote:

Save it in a savings account, nothing grows for free

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Old Post 11-30-2010 12:59 AM
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Dilmah
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quote:

Put it towards your mortgage. You can pay now or pay later

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Old Post 11-30-2010 03:00 AM
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leftwing
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quote:

I am planning to put another large amount into a house.

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Old Post 11-30-2010 05:41 AM
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dingmah
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If you're risk adverse: High rate GIC at Ally.ca
If you have a high risk tolerance: Bet on black at the roulette table.

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Old Post 11-30-2010 06:45 AM
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ExtraSlow
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There is a ton of advice in the long term investing thread.

But, the easiest thing is to just pile it into your mortgage. Whatever your mortgage interest rate is, that's your garanteed return on the investment. Very low risk.

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Old Post 11-30-2010 11:07 PM
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max_boost
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Unless you are familiar with investments in general, probably the best thing to do is pay down your mortgage. Make that priority #1. There's nothing wrong with that at all.

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Old Post 11-30-2010 11:15 PM
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89coupe
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Re: Where to put my money? quote:

Originally posted by leftwing
Hey all,

I am wondering where I should look to invest my money, I have a large amount (>$50,000) that I want to invest somewhere. Now should I take it to a place like Edward Jones, SunLife etc.? or Take it to a bank ie CIBC? I have never invested and am new to it, am young and have lots of time to watch it grow, but would like to make it grow faster rather than slower. I would like to ensure financial security at a young age and also have financial freedom.

Any suggestions of what to do with my money would be greatly appreciated.


Thanks alot guys.



I can show you a company that will pay you dividends of $304/mth plus annual gains of roughly 15% per year.

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Old Post 11-30-2010 11:50 PM
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kaput
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^Which company are you watching this time?

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Toma
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quote:

Buy US real estate and rent it out with some of your cash.

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Old Post 12-01-2010 12:10 AM
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Re: Re: Where to put my money? quote:

Originally posted by 89coupe


I can show you a company that will pay you dividends of $304/mth plus annual gains of roughly 15% per year.



With a $50k investment??

Now were talkin. What is it?

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Old Post 12-01-2010 12:11 AM
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89coupe
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quote:

PPL.TO

I have been investing with them for the past 6 years

Last edited by 89coupe on 12-01-2010 at 12:49 AM

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Old Post 12-01-2010 12:39 AM
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e36bmw///
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quote:

wow nice div yield

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Old Post 12-01-2010 02:09 AM
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leftwing
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Re: Re: Where to put my money? quote:

Originally posted by 89coupe


I can show you a company that will pay you dividends of $304/mth plus annual gains of roughly 15% per year.



go on......

care to PM me with more info?

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Old Post 12-01-2010 03:54 AM
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Euro_Trash
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quote:

Originally posted by 89coupe
PPL.TO

I have been investing with them for the past 6 years



+1

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ExtraSlow
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quote:

AVF.un, SPB, PBH, RSI.UN.

That's a lot of good yield out there. But for a guy who zero experience, I wouldn't recommend putting all his money into any one thing, especially based on the advice of any one person on the internet. Not even Brad, or myself.

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Old Post 12-01-2010 04:45 AM
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quote:

Unless that one thing was a sure thing, like his mortgage.

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89coupe
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Re: Re: Re: Where to put my money? quote:

Originally posted by leftwing


go on......

care to PM me with more info?



I posted the stock symbol.

PPL.TO

Your $50k will make you $3667.00/year in dividends and roughly $7500 in gains the first year. If you continue to re-invest those dividends back into the stock every month, your $50k will be roughly $161,670.00 in 10 years.

I'm not great with math, so you might want to double check this...LOL

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Old Post 12-01-2010 04:27 PM
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Chandler_Racing
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Re: Re: Re: Re: Where to put my money? quote:

Originally posted by 89coupe


I posted the stock symbol.

PPL.TO

Your $50k will make you $3667.00/year in dividends and roughly $7500 in gains the first year. If you continue to re-invest those dividends back into the stock every month, your $50k will be roughly $161,670.00 in 10 years.

I'm not great with math, so you might want to double check this...LOL



You have to be very careful with the stability of the dividends, especially with the requirement to convert from a trust to corp (I'm not sure how this affects Pembina). They're distributing $.13 / share.

A company like Zargon distributes $.18 / share. They also have significant tax pools in place to maintain the distribution.

The other problem is with dividends, they're taxed very different then capital gains. Re-do the calculations after tax and the dividend route does not seem as attractive.

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Old Post 12-01-2010 06:25 PM
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89coupe
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Re: Re: Re: Re: Re: Where to put my money? quote:

Originally posted by Chandler_Racing


You have to be very careful with the stability of the dividends, especially with the requirement to convert from a trust to corp (I'm not sure how this affects Pembina). They're distributing $.13 / share.

A company like Zargon distributes $.18 / share. They also have significant tax pools in place to maintain the distribution.

The other problem is with dividends, they're taxed very different then capital gains. Re-do the calculations after tax and the dividend route does not seem as attractive.



You invest inside of an sDRSP.

Pembina has already converted to a corporation.

Have a look at Pembina's annual report and you will see they have many contracts that are guaranteed for 20+ years.

I've been investing with them for the past 6 years, all within an sDRSP and the mole hill has turned into a mountain

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