Official Short-term Investments Thread

[ExtremeSi]

Hey 89coupe I'm still waiting on that ROL.A too haha. I got in on $1.25 :banghead: But i still have hope
Anway, where do you get your information generally that leads you to your picks?

[djayz]

anybody get into IE(Ivanhoe Energy) ?....still going to explode for the next few days and you wont have a problem buying or selling with a volume of 12,000,000 and growing hah

[89coupe]

Originally posted by ExtremeSi
Hey 89coupe I'm still waiting on that ROL.A too haha. I got in on $1.25 :banghead: But i still have hope
Anway, where do you get your information generally that leads you to your picks?

Don't worry, they have 450boe of production to date and predict to have 600boe very soon. This should secure a $2/share value.

My main pool of investments are through business associates who know or work for these companies. I like to keep my investments close to home :)

[ExtremeSi]

Originally posted by 89coupe


Don't worry, they have 450boe of production to date and predict to have 600boe very soon. This should secure a $2/share value.

My main pool of investments are through business associates who know or work for these companies. I like to keep my investments close to home :)

Alright well you're very fortunate :). Any recomodations you may have for me? I really appreciate you sharing your info on here and i'd like to do some research of my own but there's so much out there i dont know where to start.

[djayz]

just a suggestion buy in today for some stocks youve been waiting to buy....whole market is down which wont last long.

so 89coupe...you put 5k-20k into each of these? or thats your total portfolio? btw...even tho i havent bought into any of your stock tips you got some great picks and even better returns to back it up nice work :thumbsup:

[max_boost]

Alright 89coupe so what are this week's excellent buys? I'm going with your picks. You are money man :D

[digi355]

Originally posted by max_boost
Alright 89coupe so what are this week's excellent buys? I'm going with your picks. You are money man :D


I'm not taking away from 89coupe, but you should be doing your own homework. Remember this is a car forum. On a side note I am 1400 shares into SGP.

/Flame away.

[sputnik]

^ technically it is in 89coupe's best interests to tell everyone what he is holding/buying. If more people buy, his stocks go up.

Unfortunately I am unable to buy anything listed on the TSX-V.

:(

[89coupe]

Originally posted by digi355



I'm not taking away from 89coupe, but you should be doing your own homework. Remember this is a car forum. On a side note I am 1400 shares into SGP.

/Flame away.

Exactly,

my tips are just that, TIPS!

[kaput]

.

[dj_honda]

Originally posted by kaput
I've been messing around with the idea of throwing some play money into the market just to learn how things work. Is there an easy way, I'm thinking online maybe, where I can open an account with like a $500 credit card payment and see how long I can last?

i dont think you can use a credit card. but check out www.tdwaterhouse.ca you should have an account set up online pretty quick, they will mail you some shit, and then you just go into your local td canada branch and deposit some money, and you are set.

[benyl]

Go to you bank and open an online trading account.

Never, I repeat NEVER use money that you need in the market. I am talking about things like rent and food money.

If you need to use your credit card, you shouldn't be playing the market.

There were some posts in this thread where you can do online simulations where it tracks the prices of real stocks and shows your portfolio.

[max_boost]

I'll go with the top 3 of ROBTV today. If I don't like them, I'll park my money in the RBC Dividend fund instead.

My goal is to build up enough in my portfolio to pay off the balance of my mortgage within 10 years. So yah, the situation can be accelerated with good stock tips :D

[sputnik]

^ Why bother paying off your mortgage? The RBC dividend fund is paying out over 15% and your mortgage is probably only 5%. Not to mention that your house is constantly going up in value.

In 10 years you would be better off keeping $250,000 in the dividend fund and let it turn into $500,000 in 5 years than pay off your mortgage. Hell let it sit for another 10 years (25 years total) and you will be somewhere around a cool $2 mil.

:bigpimp:

[benyl]

Very true.

But there is something to be said for not having to make a payment every month and owning your home. Most people rent from CIBC, RBC, Scotia, etc... hahaha

[sputnik]

Originally posted by benyl
Very true.

But there is something to be said for not having to make a payment every month and owning your home. Most people rent from CIBC, RBC, Scotia, etc... hahaha

My mortgage will be paid off by the time I am 44. If interest rates are around 5% and the market is performing well at that time. I would have no issues pulling $250,000 out of my house and investing it. I would happily pay a monthly payment at 5% just to watch my $250,000 double inside 7 years (as long as I can return 10% annually)

Not having a monthly payment would be nice. But in reality I would probably just piss the extra money away on nothing anyways.

[bmeier]

how do you find the numbers on this rbc dividend fund anyways? Anyone have more info or should i just call my broker up??

[sputnik]

There are many different dividend funds. Personally I have the BMO one and my Dad holds the Standard Life one.

http://globefunddb.theglobeandmail.com/gishome/plsql/gis.gen_fr?in_rep_type=LT&in_sort_col=LT_10+yr+pct+chg&in_orig_start=+&in_curr_val=+&in_orig_fund=+&in_curr_fund=+&in_direction=FWD&fr_param1=dividend&fr_param2=+&fr_param3=+&fr_param4=+&fr_param5=+&fr_param6=+&fr_param7=+&fr_param8=+&fr_param9=+&fr_param10=+&fr_mode=FUNDNAME&msg=+&page_no=1&generation=+&orig_col=STD_since+incep&orig_order=DESC&result_cnt=141&fr_param11=&fr_param12=&fr_param13=&fr_param14=&pi_universe=PUBLIC_FUND&product_id=&pi_totass_value=All&pi_mininv_value=All&pi_currency=All

[max_boost]

^^^^

haha true that man

Decisions Decisions Decisions. Those dividend funds are sure money in the bank :D

[bmeier]

[QUOTE]Originally posted by sputnik
[B]There are many different dividend funds. Personally I have the BMO one and my Dad holds the Standard Life one.
[QUOTE]

that much i understand, i didnt clearly state what i was after. I basically wanted a comparison of mutual funds to decide which i should invest in.

The link you sent is perfect thanks!

[kaput]

.

[89coupe]

What bank do you deal with?

[roopi]

Originally posted by kaput


We're on the same page. Theres no shortage of money here, I just like the credit card idea for the convenience and simplicity. Thats why I called it play money :)

I just saw the link to the simulation website and will start working with that for a few months, but it would be more meaningful and teach me better lessons if I were to lose some actual money as well. So from the sounds of things, I would have to actually go and open an account with a bank? But what about those websites that charge super low fees and aren't connected with banks? I'm clueless as to how the system works so any light is appreciated.

www.etrade.ca, www.ameritrade.ca, or www.questtrade.com

You can apply online for an account. Fax in a signed sheet and wire the money. Make sure you know what services each of these provide. They are much cheaper than going through a bank however I prefer my TDW account because I can walk down there whenever I want.

[89coupe]

WOW,

Tyler just made a big announcement, stock is making a big move right now.

[djayz]

wow indeed they did

i just got owned on all my stocks...had some orders in which i didnt think would go through and they did...sold something that shot up 30% and bought something that went down 23%

reallllll shitty


89coupe...still a good idea to buy tys or you think the jumping is done?

[Weapon_R]

Originally posted by 89coupe
WOW,

Tyler just made a big announcement, stock is making a big move right now.

Do you think it's going to move over $2?

[89coupe]

Originally posted by Weapon_R


Do you think it's going to move over $2?

I have no idea....lol...I sold today. 70% return on my money is good enough. LOL

[madruggist]

anybody any thoughts on AUT?
-bought 20k last week @0.29. not sure if i should sell now or hold on for more...last year's high was just over $1.00. just spreading into the states, lawsuit should be settled. gone up quite a bit in the last week. now at 0.55. any thoughts?

was considering PTI last week and also currently watching Divcom - some decent insider buyer as of late....also growing into the states. thoughts?

just bought into cvq at 3.40...i know its seasonal but if they upgrade to TSE as planned, may pop.

any opinions welcome! happy trading

[roopi]

Originally posted by madruggist
anybody any thoughts on AUT?
-bought 20k last week @0.29. not sure if i should sell now or hold on for more...last year's high was just over $1.00. just spreading into the states, lawsuit should be settled. gone up quite a bit in the last week. now at 0.55. any thoughts?

was considering PTI last week and also currently watching Divcom - some decent insider buyer as of late....also growing into the states. thoughts?

just bought into cvq at 3.40...i know its seasonal but if they upgrade to TSE as planned, may pop.

any opinions welcome! happy trading

I bought Divcom about a week ago. Check my post on the previous page.

[Kirbs17]

anyone gonna hit up Tim Hortons IPO?

[Pacman]

One of my work collegues made some serious cashola on google yesterday. He had tons of Put Options and basically made enough cash to cruise into a Ferrari dealership and pay for an F430 in cash.

The sad part is, he's still down money from all his short positions on google from last year when it made a big run.

[djayz]

Originally posted by Pacman
One of my work collegues made some serious cashola on google yesterday. He had tons of Put Options and basically made enough cash to cruise into a Ferrari dealership and pay for an F430 in cash.

The sad part is, he's still down money from all his short positions on google from last year when it made a big run.

Google went down 36 something dollars yesterday...if he sold yesterday after owning it for a couple years he shouldve sold the day before or the day after cuz that 36 dollars is going to come back pretty damn quick.

[Pacman]

Originally posted by djayz


Google went down 36 something dollars yesterday...if he sold yesterday after owning it for a couple years he shouldve sold the day before or the day after cuz that 36 dollars is going to come back pretty damn quick.

He had "Put Options" on Google, so he wanted it to go down......

[djayz]

^
understood sorry there....


anyways i just got owned hardcore

check BLE

i sold at a $1.10 midday thinking it wouldnt do much like it hasnt been for the last few months

now 3 days later still shooting up...has made the globeinvestor top 5 increase in percentage the last 3 days

i couldve been up almost 150% :(

[benyl]

ou could have lost 100% too. Be happy you made some money and didn't lose any. ;)

Check out CYTGF on the american exchange. I bought at $0.35 and it is at $0.02 <-- pwned.

[89coupe]

I sold of a couple companies in the last couple days and loaded up on another.

Sold TYS on Friday at $1.27
Sold CXX today at $1.10

Bought another $2000.00 shares of SUM yesterday.

[digi355]

Reasoning behind the jump? TYS just had a nice pop. Profit taking I assume but why the move to CXX?

[89coupe]

Originally posted by digi355
Reasoning behind the jump? TYS just had a nice pop. Profit taking I assume but why the move to CXX?

I sold CXX I didn't buy.

Or are you asking why has CXX made a jump?

[digi355]

Originally posted by 89coupe


I sold CXX I didn't buy.

Or are you asking why has CXX made a jump?


Sorry i mis read that, i thought you put your money from TYS into CXX. Never mind. Any idea on when SGP is going to come out with some news.

[djayz]

Originally posted by 89coupe
I sold of a couple companies in the last couple days and loaded up on another.

Sold TYS on Friday at $1.27
Sold CXX today at $1.10

Bought another $2000.00 shares of SUM yesterday.


Im thinking of buying into cxx...seeing as how they are dealing with uranium and gold...it seems like has alot of potential still

and wow must be really confident about SUM...looks like a long term investment if anything tho but its a pretty lightly traded stock too. I was going to buy in but put my money elsewhere...but i hope it works out good for you


and benyl i new BLE was going to rise but i had a sell in set to 1.10 for the day which i forgot to cancel so it sold it and i had an order to buy SLW which is bought then dropped :(
so i got screwed that day but i made a bit of profit on BLE...just wish i couldve stayed in.

If it hits below a dollar im buying in again...molybedum is very promising specially with all the steel being produced now adays...might even be a takeover from some larger companies

[A790]

Originally posted by madruggist
anybody any thoughts on AUT?
-bought 20k last week @0.29. not sure if i should sell now or hold on for more...last year's high was just over $1.00. just spreading into the states, lawsuit should be settled. gone up quite a bit in the last week. now at 0.55. any thoughts?

Sell.

[benyl]

^ agreed. Bird in the hand.

[89coupe]

Originally posted by djayz



Im thinking of buying into cxx...seeing as how they are dealing with uranium and gold...it seems like has alot of potential still

and wow must be really confident about SUM...looks like a long term investment if anything tho but its a pretty lightly traded stock too. I was going to buy in but put my money elsewhere...but i hope it works out good for you


and benyl i new BLE was going to rise but i had a sell in set to 1.10 for the day which i forgot to cancel so it sold it and i had an order to buy SLW which is bought then dropped :(
so i got screwed that day but i made a bit of profit on BLE...just wish i couldve stayed in.

If it hits below a dollar im buying in again...molybedum is very promising specially with all the steel being produced now adays...might even be a takeover from some larger companies

SUM is a winner, trust me. Its a long term, but I see it being $2 minimum by the end of the year.

[natejj]

Originally posted by 89coupe


SUM is a winner, trust me. Its a long term, but I see it being $2 minimum by the end of the year.

*watches as everyone calls up their broker, because 89coupe's tips are worth their weight in gold*:D

PS. Bought 600 shares :P

[max_boost]

Alright I'm going to test out SUM with 1000 shares. I hope you are right 89coupe :D

[djayz]

it might be tough to sell when the time comes

daily volume is usually less than 5000 and the occasional day it hits up high

im buying in HRG...i believe it has some short term potential along with some long term with lower returns.

[/////AMG]

Damn, someone want to buy some SUM shares for me? I'lll send money. I still haven't set up an account or anything. :banghead:

[Godfuader]

Originally posted by djayz
...im buying in HRG...i believe it has some short term potential along with some long term with lower returns.
Interesting pick. I have it on my watch. If its above $2 till tomorrows closing, then i might jump in.

Anyone looking at Disney...day tradebale? they had that re-merger with pixar.:dunno:

BBY (BestBuy)
BCF
SYNF <-- where is this going?

[89coupe]

Originally posted by max_boost
Alright I'm going to test out SUM with 1000 shares. I hope you are right 89coupe :D

I've personally talked to the President, CFO and Marketing division of the company. Hell I was at their Christmas party ;)

Have a look at their client list. http://www.solium.com/html/about/client_list.html

This is a growing company with a very specialized niche in the industry, and is slowly grabbing up everyone.

[Lex350]

I'm not going to get specific right now but there is a huge opportunity coming up in the coal industry in Turkey. There is a new process being developed to extract and improve the grade of coal that lies across that country. They are in the testing phase now. Once it's proven to be effective I'll post the details.

[benyl]

There is this land in Florida...

haha j/k

[sputnik]

Originally posted by benyl
There is this land in Florida...

haha j/k

does it come with extra mosquitos and alligators?

[max_boost]

Originally posted by /////AMG
Damn, someone want to buy some SUM shares for me? I'lll send money. I still haven't set up an account or anything. :banghead:

Give me the $$$ and I'll do it for you :D

[max_boost]

Originally posted by 89coupe


I've personally talked to the President, CFO and Marketing division of the company. Hell I was at their Christmas party ;)

Have a look at their client list. http://www.solium.com/html/about/client_list.html

This is a growing company with a very specialized niche in the industry, and is slowly grabbing up everyone.

You need a new user title. Stock Market Guru or Stock Market King haha

I find myself most comfortable with $1 stocks. You can buy 1000 shares, doesnt' cost you much, and if it goes up, it's gold :D

[/////AMG]

Originally posted by max_boost


Give me the $$$ and I'll do it for you :D

:( Promise you wont screw me over, or spend it on your gf?

[89coupe]

OK guys,

if you have some extra money and wanna play a high risk/high reward stock, check out Plexmar Resources Inc. PLE.v

This is becoming a very HOT stock and word is this could be HUGE!

At .16 its a bargain and the upside potential is MASSIVE!!!

Have a look http://stockhouse.ca/comp_info.asp?symbol=PLE&table=list

[max_boost]

Originally posted by /////AMG


:( Promise you wont screw me over, or spend it on your gf? haha no I won't screw you over. If you are actually serious I can buy it for you. Fees are $30CDN to buy and $30CDN to sell and however many stocks you want to buy. Remember, even if there's a profit, we have to pay capital gains tax here. :D

[benyl]

how massive and time frame?

[max_boost]

Originally posted by 89coupe
OK guys,

if you have some extra money and wanna play a high risk/high reward stock, check out Plexmar Resources Inc. PLE.v

This is becoming a very HOT stock and word is this could be HUGE!

At .16 its a bargain and the upside potential is MASSIVE!!!

Have a look http://stockhouse.ca/comp_info.asp?symbol=PLE&amp;table=list It wouldn't hurt to plow a few thousand shares into these penny stocks :D

[benyl]

yeah, I am trying to buy 10K

nobody is selling for $0.15!!! haha

[max_boost]

haha
I bought 2500 shares :D

[89coupe]

Originally posted by benyl
how massive and time frame?

Plexmar Resources: Sampling Reveals Visible Gold
1/5/2006

QUEBEC CITY, QUEBEC, Jan 5, 2006 (CCNMatthews via COMTEX) --
Plexmar Resources Inc. (TSX VENTURE:PLE), is pleased to report that systematic sampling is on-going on its Bolsa del Diablo property. Some existing trenches are being enlarged and, in some areas, new trenches are being dug. All artisan workings are being mapped and sampled. Electrum and native gold has been spotted in numerous samples. Results will be published as soon as possible.

Pictures of some samples have been put up on the Company's website at http://www.plexmar.com/bolsadelbiablo.html

On the Angolos and Molinetes concessions, veins being mined by artisan miners are ranging from 0.10m to 3.0m in width with a 5 to 10 meters spacing. The trenches and pits are as deep as 40 metres in some areas. Heavily altered and fractured stockwork, grading up to 2 g/t Au, is present between the veins. The workings actually cover an area of 4km2 on the Angolos and Molinetes concessions and keep expanding on Plexmar 100% owned adjacent concessions. Plexmar geologists are currently evaluating the best way to come up with a resource calculation.

M Martin St-Pierre is a QP for this project and has reviewed this press release.

SOURCE: Plexmar Resources Inc.

[natejj]

89coupe if this pays off ill buy you a 6 pack of anything you want!

[benyl]

ok, my order was filled at $0.155

Hope this ride is a good one.

[/////AMG]

Originally posted by max_boost
haha no I won't screw you over. If you are actually serious I can buy it for you. Fees are $30CDN to buy and $30CDN to sell and however many stocks you want to buy. Remember, even if there's a profit, we have to pay capital gains tax here. :D

I think I am serious, if you are willing to do it. Since your a loyal member, I don't think you'll screw me over (prays! :D).
If I can't get anyone else to do it in Canada (only know of 2 people who used to do this), I'll give you a shout, how would you want the money?

[89coupe]

Originally posted by /////AMG


I think I am serious, if you are willing to do it. Since your a loyal member, I don't think you'll screw me over (prays! :D).
If I can't get anyone else to do it in Canada (only know of 2 people who used to do this), I'll give you a shout, how would you want the money?

It only takes 24hrs to setup an account through your bank.:dunno:

[/////AMG]

In Canada...

God knows how it works around here (I'm a total newb too). I'm looking though, but won't be able to properly until after Friday.

[89coupe]

Originally posted by /////AMG
In Canada...

God knows how it works around here (I'm a total newb too). I'm looking though, but won't be able to properly until after Friday.

What bank do you deal with?

[AsianCaucasian]

Just bought 5000 shares. Hope it's good :thumbsup:

[lastprodigy]

Originally posted by dj_honda


i dont think you can use a credit card. but check out www.tdwaterhouse.ca you should have an account set up online pretty quick, they will mail you some shit, and then you just go into your local td canada branch and deposit some money, and you are set.

TD, what is the minimum to start trading with online, not so sure if wanna go with 5K of the top which is the minimum for BMO Investorline...anyone?

[/////AMG]

Originally posted by 89coupe
What bank do you deal with?

HSBC (might switch to Barclays though, but maybe not now), actually they are a worldwide bank (HSBC), they should be be able to help me out, eh?

[89coupe]

Originally posted by /////AMG


HSBC (might switch to Barclays though, but maybe not now), actually they are a worldwide bank (HSBC), they should be be able to help me out, eh?

Call this number Call us on our toll-free number of 1-866-865-hsbc (1-866-865-4722).

and tell them you would like to setup a trading (cash account) have them link it to your regular banking so you have the ability to transfer funds if you like.

Direct link to the website section http://www.investdirect.hsbc.ca/frameset.asp?target=default.asp&language=E

You can set it up yourself through that link if you like, but I find it easier to just call them and have them do it for you. Its quicker and easier:thumbsup:

[sputnik]

What about E*Trade?

www.etrade.co.uk

[ExtremeSi]

I've gotten a tip that Stelco, STE.A on the TSX may explode so I'm trying to buy 13500 shares of them right now at .11 a share and the error message:
"Penny stock order exceeds allowable percentage of equity"
comes up. What does that mean? I bought 1500 shares of it yesterday with no problem. Does anyone know what this means??? I cant get a hold of my bank right now but I will call them later if need be.
This is a very high risk share, so I dont recomend it to anyone particularily. They may be being bought out by a large company or they may go bankrupt so be careful if you follow me.
thanks for any help

[roopi]

Originally posted by sputnik
What about E*Trade?

www.etrade.co.uk

E-Trade is good as well but go with the Canadian on not the UK one. :)



Originally posted by ExtremeSi
I've gotten a tip that Stelco, STE.A on the TSX may explode so I'm trying to buy 13500 shares of them right now at .11 a share and the error message:
&quot;Penny stock order exceeds allowable percentage of equity&quot;
comes up. What does that mean? I bought 1500 shares of it yesterday with no problem. Does anyone know what this means??? I cant get a hold of my bank right now but I will call them later if need be.
This is a very high risk share, so I dont recomend it to anyone particularily. They may be being bought out by a large company or they may go bankrupt so be careful if you follow me.
thanks for any help

Sounds like your account has a restriction on it based on your investor profile.

[max_boost]

Not sure but when I bought 2500shares of PLE earlier today on TD Waterhouse, it would have been subjected to additional fees if the number of shares exceeded 2500.

Ok this is what it says "The number of shares you have entered includes an odd lot and may be subject to a price premium"

What does 'odd lot' mean?

[ExtremeSi]

ok thanks guys. I got a hold of TD and they told me it was because the money transfer i made wasnt officially recognized yet by the computer. so no big deal really.
hopefully I'll see some gains now :thumbsup:

[Weapon_R]

Can I transfer the shares I bought through TD waterhouse to another brokerage?

I've been trying to figure that out forever because there are so many online alternatives to TD waterhouse that are 1/3 of the price and don't charge inactivity fees.

[roopi]

Originally posted by Weapon_R
Can I transfer the shares I bought through TD waterhouse to another brokerage?

I've been trying to figure that out forever because there are so many online alternatives to TD waterhouse that are 1/3 of the price and don't charge inactivity fees.

Yes it is possible to transfer shares. I'm not sure about the exact process but I know it is possible.

One way (an expensive way) is to request physical certificates from TDW and then deposit them with a new brokerage. There must be a cheaper alternative that a TDW representative could help you out with though. :dunno:

[Godfuader]

Originally posted by ExtremeSi
I've gotten a tip that Stelco, STE.A on the TSX may explode so I'm trying to buy 13500 shares of them right now at .11 a share and the error message:
&quot;Penny stock order exceeds allowable percentage of equity&quot;
comes up. What does that mean? I bought 1500 shares of it yesterday with no problem. Does anyone know what this means??? ...
When you may be dealing with penny stocks, and decide to invest a high amount, example: you want to buy $5,000 of a shares trading at $0.20 then you would own 25,000 shares of this company. If the issuing company is only issuing 100,000 shares, this would mean you own 25% of the company. That is significant share to make you a voting member (percentage of equity). And you can't hold such a high stake in the company. Very common with penny stocks. hope this helps.



Originally posted by max_boost
Not sure but when I bought 2500shares of PLE earlier today on TD Waterhouse, it would have been subjected to additional fees if the number of shares exceeded 2500.

Ok this is what it says &quot;The number of shares you have entered includes an odd lot and may be subject to a price premium&quot;

What does 'odd lot' mean?

"Odd-Lot" means you are buying a denomination outside of a pre-set pack. usually they may want you buying in multiple of 100. In this case the pack (lot) maybe in full 1,000 denominations. You may have to go down to 2000 or upto 3000 shares.

[lastprodigy]

Can someone tell me if TDW is a good one to start with and what their minimum is?

[benyl]

Originally posted by Godfuader

When you may be dealing with penny stocks, and decide to invest a high amount, example: you want to buy $5,000 of a shares trading at $0.20 then you would own 25,000 shares of this company. If the issuing company is only issuing 100,000 shares, this would mean you own 25% of the company. That is significant share to make you a voting member (percentage of equity). And you can't hold such a high stake in the company. Very common with penny stocks. hope this helps.


That is very incorrect.

The reason he got this error is likely that his profile, when he opened his account, said that he was not into high risk stock. TD is technically liable for giving you bad advice on your investments. They put that there as a disclaimer.

[benyl]

Originally posted by lastprodigy
Can someone tell me if TDW is a good one to start with and what their minimum is?

They are ok. What I like about TD and RBC is that you can move money quickly and easily from your bank account to your trading account.

Things like etrade you have to transfer the money.

RBC allows you to buy and sell straight out of your bank account.

There is no minimum that I am aware of.

[Godfuader]

Originally posted by benyl


That is very incorrect.

The reason he got this error is likely that his profile, when he opened his account, said that he was not into high risk stock. TD is technically liable for giving you bad advice on your investments. They put that there as a disclaimer.

Figured if it references "Penny stocks" specifically, then the equity percentage exceeding is what it meant by that. Why would it not just say "Order exceeds allowable percentage of equity". I try to buy penny stocks in bulk too, and thats the reasoning i have recieved before. Unless he has a diversified portfolio which dictates percentages in equities, fixed income, and cash. Don't have all the information so i may just be talking out of my ass. :dunno:

[ExtremeSi]

Originally posted by ExtremeSi
I got a hold of TD and they told me it was because the money transfer i made wasnt officially recognized yet by the computer. so no big deal really.


Its a different issue altogether. Its just a matter of how TD easyweb conducts their transactions

[digi355]

Usually it costs about 150 bucks, there is an option you check off when you are transfering your account on the paper work. I think it is close old account and transfer in kind, but it was a while ago. Then new brokerage should take care of all of this for you.


Originally posted by Weapon_R
Can I transfer the shares I bought through TD waterhouse to another brokerage?

I've been trying to figure that out forever because there are so many online alternatives to TD waterhouse that are 1/3 of the price and don't charge inactivity fees.

[Altezza]

Originally posted by Weapon_R
Can I transfer the shares I bought through TD waterhouse to another brokerage?

I've been trying to figure that out forever because there are so many online alternatives to TD waterhouse that are 1/3 of the price and don't charge inactivity fees.

If time is not an issue to you, yes, you can easily transfer from one brokerage to another. The process can take up to 3 weeks or more. How much you are charged (if at all) will depend on your account arrangements at your present brokerage house.

[AllGoNoShow]

Any word on PLE.v its at .145 right now.

89 got any good longer term stocks? I got a few thousand in TD already but not sure how it is doing since my dad is managing it. I'm going to try and get him to let me play with a little bit of it and teach me some things.

[djayz]

^^
maybe give it a couple days or even weeks before there is any word on it.

other than 89coupe's advice of buying in theres no word out yet.

[89coupe]

Originally posted by AllGoNoShow
Any word on PLE.v its at .145 right now.

89 got any good longer term stocks? I got a few thousand in TD already but not sure how it is doing since my dad is managing it. I'm going to try and get him to let me play with a little bit of it and teach me some things.

If you are looking for a good long term investement that will yield 100% returns I suggest buying Solium Capital Inc. SUM

This is a no brainer, buy it, forget about it, double your money in a year no problem stock. :)

[ExtremeSi]

Do you happen to know anything about StelCo Inc. (STE.A) 89coupe? I'm hearing a lot of people saying buy and a lot saying sell, just wondering if you've heard anything.

[89coupe]

Originally posted by ExtremeSi
Do you happen to know anything about StelCo Inc. (STE.A) 89coupe? I'm hearing a lot of people saying buy and a lot saying sell, just wondering if you've heard anything.

From I have read, Stelco is a steel manufactuer that is presently in court fighting for bankruptcy protection.

All the details can be read here. Stupid boards won't allow me to hotlink to the news artical.

Here is a snapshot of their company share price over the last 2 years. Who knows, might be worth getting back in. Definitely interesting.

Pasting it below.

TORONTO (CP) - Stelco Inc. shareholders (TSX:STE.A - news) who are trying to salvage at least some value from their stock in the legally insolvent steelmaker have abandoned an attempt to cross-examine a former director of the company.

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That news Wednesday came less than one week before Stelco is scheduled to face off against the group of stockholders in a Toronto courtroom.

Peter Jervis, a lawyer for the shareholders, said the main reason the group dropped its cross-examination request is that it believes it has already put together a strong case.

"Given the opposition to the evidence, and what was going to be at stake, we thought that there is sufficient evidence before the court already with respect to valuation of the equity, that it wasn't necessary to pursue that additional route," Jervis said in an interview.

On Jan. 17, the Hamilton-based company will seek a judge's final approval to begin implementing its restructuring plan. If approved, the plan will pull Stelco out of two years of bankruptcy-court protection.

But the shareholders group, which includes Toronto investment firm Pollitt & Co. and AGF Management Ltd., is fighting Stelco's plan because it essentially wipes out the company's current stock.

The shareholders allege the plan is based on overly pessimistic steel forecasts for 2006.

Doug Pollitt of Pollitt & Co. says the steelmaker approved "a radical downgrade" in its steel market forecast this summer, which meant nothing was left for shareholders after the restructuring.

The stockholder group had been waiting since last fall to cross-examine Michael Woollcombe, one of two directors who left Stelco's board in August.

Woollcombe, an adviser to Toronto hedge fund Clearwater Capital Management Inc., and Roland Keiper, president of Clearwater, gained seats on Stelco's board earlier this year with backing from institutional shareholders.

They resigned Aug. 31, citing a "fundamental disagreement," which Stelco said arose over company forecasts.

Ontario Superior Court Justice James Farley, who is overseeing Stelco's bankruptcy protection case, adjourned the shareholders' bid to examine Woollcombe last year, giving Stelco time to prepare court documents for next week's sanction hearing.

But in court on Wednesday, Stelco lawyer Michael Barrack said "it has been agreed that the request to cross-examine Mr. Woollcombe will be withdrawn."

Barrack acknowledged that Stelco will be facing "substantial issues" at its sanction hearing next Tuesday.

In preparation Wednesday, the steelmaker cross-examined Farley Cohen, a forensic accountant and managing director of Navigant Consulting.

The shareholder group commissioned a report from Navigant late last year which concludes that Stelco's shareholder equity should be worth between $1.1 billion and $1.3 billion, or $10.76 to $12.71 per share.

The Navigant report makes use of Stelco's 2006 forecast, which the shareholders obtained from Stelco after signing a confidentiality agreement. The report uses Stelco's valuation model, but substitutes steel price forecasts from Metal Bulletin Research.

In an affidavit, James May, a consultant with Metal Bulletin, said his base estimate for hot rolled steel coil in 2006 is $525 a tonne. Stelco's forecast was $458 a tonne.

The shareholders have also pointed to recent offers for Stelco's neighbouring rival Dofasco Inc. (TSX:DFS - news), which value that company at more than $4.8 billion.

On the Toronto stock market Wednesday afternoon, Stelco shares were unchanged at 17 cents.

[ExtremeSi]

thanks. Is that info from TD's website? or somewhere else?
I'm nervous that they may go bankrupt and the stock will become useless. What's your gut instinct? I'm really new to the stock market so I have yet to learn many lessons. But it is interesting and I'm holding on for now.

[sputnik]

http://news.google.ca pwns j00!

http://news.google.ca/news?hl=en&ned=&q=Stelco

[sputnik]

The common shares of Stelco Inc. are worthless, an Ontario Superior Court judge has ruled, clearing the way for the steel maker to emerge from creditor protection by March.

Mr. Justice James Farley blessed Stelco's restructuring plan, turning down an attempt by some shareholders to delay that approval until the steel maker had been shopped around again.

The ruling, released over the weekend, could be one of the final steps in one of the longest and most controversial restructurings in Canadian corporate history, which included Supreme Court challenges, resignations of directors, various failed capital-raising attempts and, ultimately, the downsizing of what was once the country's largest steel maker.

By the time Hamilton-based Stelco comes out of protection under the Companies' Creditors Arrangement Act, the restructuring will have lasted more than two years and shareholders will have seen their stock fall from a high of $4.48 during that time, to pennies today.

"I understand the pain and disappointment of the existing shareholders," Judge Farley said in a 33-page handwritten ruling.

Some investors, he noted, "may have their life savings tied up in Stelco shares, but regretfully for them, I am not able to come to a conclusion that the existing equity has any true positive value."

He rejected an argument by shareholders that the loser among two deep-pocketed European giants bidding for Stelco's neighbour Dofasco Inc., might focus on the other Hamilton-based steel maker once the Dofasco battle ends.

There has been ample time, he concluded, for the world's steel makers to take a look at Stelco -- including a sales process the company ran in the middle of the restructuring -- but now it has grown "shopped-worn" and is not the prize that its neighbour is.

Courtney Pratt, Stelco's president and chief executive officer, said the ruling means the conclusion of the saga is in sight.

"The new Stelco that emerges from this process will be much better positioned to become a viable and competitive steel producer for the long term," said Mr. Pratt, who will give up his CEO job, but has been asked to stay on as chairman.

If deals to sell non-core assets go through, Stelco will consist of two main assets -- steel-making operations in Hamilton and Nanticoke, Ont.

Tricap Management Ltd., a restructuring fund run by Toronto-based Brookfield Asset Management Inc., will be the largest shareholder. Tricap issued a statement on Friday saying that Stelco will be a holding company that will hold the two mills, energy assets, mining assets, vacant land and coke batteries.

Two hedge funds, Sunrise Partners LP of Toronto and Appaloosa Management LP of New York, will own big slices of the new equity.

[ExtremeSi]

so if stelco restructors and bounces back will that mean the current STE.A stock will become worthless and they will have a new stock? Is that how it works? Or will the current STE.A still hold some value?

[max_boost]

Originally posted by 89coupe


If you are looking for a good long term investement that will yield 100% returns I suggest buying Solium Capital Inc. SUM

This is a no brainer, buy it, forget about it, double your money in a year no problem stock. :) hahaha dude, that good!?!? :D

I might have to plow some more $$$ into it ;)

[90s_tuner]

GIC's are awesome they are guaranteed! :rolleyes:

[djayz]

Yah but GIC's only give you a few percent in returns...while stocks have the potential to do that in a week or month...even a day. Although there are risks there are some extremely low risk stocks.

Or better yet mutual funds

[ExtremeSi]

Speaking of mutual finds, does anyone have some good recondations for a long term RRSP mutual fund? My mom wants me to put her money in one such fund that is low risk, moderate to high gain and long term is fine.
Any advice would be helpful. I've done some reserach already I just want to hear what people have to say