Official Short-term Investments Thread

[max_boost]

Well the hot thing seems to be Dividend funds, the holdings are similar across the board with the major banks and energy sectors. And we've seen returns of 20+% over the last few years.

I bought into TD Dividend Growth and RBC Dividend recently.

I also hold AIM Trimark Income/Growth funds as well. Now these two funds haven't been performing too well in the last few years with returns similar to GIC's. :rofl: BUT since inception they are still around 9%. Their holdings are much different, the lack of gains the past few years could be attributed to them not investing in the energy sector.

[sputnik]

Originally posted by max_boost
I bought into TD Dividend Income/Growth and RBC Dividend recently.

Why did you get both funds? They are almost identical funds except with the TD fund you pay a higher management fee.

I am personally holding the BMO Dividend fund and it has a slightly higher 10 year returns and an even lower MER (0.02% lower... heh).

My dad has the Standard Life Dividend-A fund and he is doing quite well as well.

http://globefunddb.theglobeandmail.com/gishome/plsql/gis.fund_pro?fundname=Standard+Life+Cdn+Dividend+Growth-A&pi_universe=PUBLIC_FUND&product_id=

[Altezza]

Originally posted by 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?

In this particular case, shareholders aren't going to get anything. The new company will be held 34% by Tricap, 34% by hedge funds, and a small amount (like 2-3%) held by the Ontario gov't. The remainder of the shares will be held by creditors. There will be a new ticker symbol for the new issue. All old stock under STE.A becomes toilet paper.

[ExtremeSi]

Originally posted by Altezza


In this particular case, shareholders aren't going to get anything. The new company will be held 34% by Tricap, 34% by hedge funds, and a small amount (like 2-3%) held by the Ontario gov't. The remainder of the shares will be held by creditors. There will be a new ticker symbol for the new issue. All old stock under STE.A becomes toilet paper.

Well thats what scares me. Do you have any idea how long until this may happen? Should i sell immedietly? I think i will from everything i read cause its scaring me..

[max_boost]

Originally posted by sputnik


Why did you get both funds? They are almost identical funds except with the TD fund you pay a higher management fee.

I am personally holding the BMO Dividend fund and it has a slightly higher 10 year returns and an even lower MER (0.02% lower... heh).

My dad has the Standard Life Dividend-A fund and he is doing quite well as well.

http://globefunddb.theglobeandmail.com/gishome/plsql/gis.fund_pro?fundname=Standard+Life+Cdn+Dividend+Growth-A&pi_universe=PUBLIC_FUND&product_id=

The TD account is my gf's, so I just naturally figured if she was to apply for any future loans and needed security, TD would recongnize it since it's their fund. Basically getting her started on things :D

Anyway, how is the MER calculated again??

[Godfuader]

Originally posted by max_boost

Anyway, how is the MER calculated again??

MER= (fees + expenses) / average net assets

(x100 to get a percentage)

[max_boost]

^^^

Cool.

I meant how is the 2.**% taken? From when you sell? During the year? etc.

[Godfuader]

^^
From what i recall...the MER is just what the managers kept for themselves. ex: If the MER is 4.5% and your return was 9%. The actual return of the portfolio was 13.5%. someone else should be able to give you complete working details on this.

[benyl]

low risk and high gain are not two terms that go together.

[ExtremeSi]

Originally posted by benyl
low risk and high gain are not two terms that go together.

Im fully aware of that and I value low risk over a high gain in a mutal fund I'm looking for.

[sputnik]

Originally posted by max_boost


The TD account is my gf's, so I just naturally figured if she was to apply for any future loans and needed security, TD would recongnize it since it's their fund. Basically getting her started on things :D

Anyway, how is the MER calculated again??

Better make sure that isnt in your RRSP portfolio. You technically cant use any RRSPs as collateral or security.

[89coupe]

Originally posted by sputnik


Better make sure that isnt in your RRSP portfolio. You technically cant use any RRSPs as collateral or security.

Who told you that?

[max_boost]

Originally posted by Godfuader
^^
From what i recall...the MER is just what the managers kept for themselves. ex: If the MER is 4.5% and your return was 9%. The actual return of the portfolio was 13.5%. someone else should be able to give you complete working details on this.

You are right.
Did a quick google search and it appears the numbers we see, price, % of returns, is with the MER deductions.

So only other expense is early termination fees but since these are long term investments, shouldn't be a problem.


Originally posted by sputnik


Better make sure that isnt in your RRSP portfolio. You technically cant use any RRSPs as collateral or security.

Thanks.

[lastprodigy]

Originally posted by 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

I have had a good experience so far with the BMO Dividend Fund. Bought some this past may/june and has gained just a bit under 20% over 7 months, I'm not complaining.

[Altezza]

Originally posted by ExtremeSi


Well thats what scares me. Do you have any idea how long until this may happen? Should i sell immedietly? I think i will from everything i read cause its scaring me..

I hate to be the voice to bring you bad news...The writing is very clear and on the wall. The plan has been approved by creditors and the court. Current shareholders are going to be left with nothing once the restructing is complete. From that, I'm sure you can deduce what is best for you to do.

[Altezza]

Originally posted by max_boost


The TD account is my gf's, so I just naturally figured if she was to apply for any future loans and needed security, TD would recongnize it since it's their fund. Basically getting her started on things :D



You may run into attribution rules next year if the source of the money for this account came from you.

[roopi]

Originally posted by 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?

Yes exactly. When a company goes bankrupt the stock is worthless and then they issue new stock.

Example: Air Canada. It is trading again but it is completely different from the shares that were issued before bankruptcy.



Originally posted by 90s_tuner
GIC's are awesome they are guaranteed! :rolleyes:

Yes guaranteed to grow at the same pace as inflation.

:rofl:

[roopi]

Investing in a fund that holds alot of Energy is volatile and considered risky. Therefore either bigger gains or bigger losses.

Just go with a well diversified fund like one of he O funds from RBC.

[max_boost]

Originally posted by Altezza


You may run into attribution rules next year if the source of the money for this account came from you. No she works and it's her money. I am just doing all the trading for her :D

[djayz]

PLE going down today already...anyone that wanted to buy in today would be your chance...

unfortunately i bought in higher just yesterday

another good stock is BLE i know its shot up a lot already but theres good things coming for it. Its a molybdenum producer

[Si_FlyGuy]

PLE diluted down to 12 cents...

[sputnik]

Originally posted by roopi
Air Canada. It is trading again but it is completely different from the shares that were issued before bankruptcy.


What symbol is Air Canada trading under? I cant find it anywhere in the TSX listings.

[benyl]

you have to look for ACE holdings.

[89coupe]

Originally posted by Si_FlyGuy
PLE diluted down to 12 cents...

Read

http://stockhouse.ca/news/news.asp?newsid=3408968&tick=PLE

[ExtremeSi]

So is PLE still a good buy now?

[89coupe]

Originally posted by ExtremeSi
So is PLE still a good buy now?

The net proceeds will be used primarily for exploration work on the Corporation's Peruvian properties and for working capital purposes.

So what do you get from that statement?

[ExtremeSi]

thank you :D . I just needed some reassurance deciphering all that info.

[benyl]

hmm, might have to buy another 10,000 shares... haha

[Altezza]

Originally posted by sputnik


What symbol is Air Canada trading under? I cant find it anywhere in the TSX listings.

ACE-B.TO

[Si_FlyGuy]

Originally posted by benyl
hmm, might have to buy another 10,000 shares... haha

Go dollar cost averaging go!

Reminds me of Boiler Room.:nut:

[sputnik]

Originally posted by Si_FlyGuy


Go dollar cost averaging go!

Reminds me of Boiler Room.:nut:

The correct term is "doubling down". Dollar cost averaging would technically require him to buy 10,000 shares on a schedule.

[benyl]

Originally posted by Si_FlyGuy


Go dollar cost averaging go!

Reminds me of Boiler Room.:nut:

It is also called averaging down.

When it hits a buck and I have $20K... I will be one happy camper.

haha (in my dreams).

[Si_FlyGuy]

I think that Seth in the movie convinced the Doctor by quoting dollar cost averaging, rather than asking him to double down. Correct or not, that's what I was referring to. :nut:

[89coupe]

Have you looked what PLE is trading at this morning:eek:

The question is, how long do you hold out? I've more then doubled my holdings so far.:confused:

[ExtremeSi]

Personally from everything I've been reading, I think PLE has a lot left in it. However, I'm not one to be giving advice to you, but I'm going to stay in for a while at least.
Thanks for the tip:clap:

[benyl]

There has been no announcement yet... what to do, what to do...

[sputnik]

Originally posted by benyl
what to do, what to do...

Do what I do when I go to the casino...

- Walk in with $100
- Make another $100
- Put $100 in my wallet
- Let the other $100 ride

[benyl]

haha, good idea.

[89coupe]

.20 cents people. This is a new 52 week high and this is all based on hipe right now. WOW!

[natejj]

Wheeeeeee.... if i sell now ill make 60 dorra! haha... going to wait till i double my investments.

[elmo909]

Is it hard to set up a TDW account if I do my banking with TD? I only have a grand or two kicking around at any time, but i'm willing to learn how to invest. Is there any monthly fee for having a TDW account, and what is the commision like on trades?

[89coupe]

Originally posted by elmo909
Is it hard to set up a TDW account if I do my banking with TD? I only have a grand or two kicking around at any time, but i'm willing to learn how to invest. Is there any monthly fee for having a TDW account, and what is the commision like on trades?

Phone them.

TD Waterhouse
Discount Brokerage
1-800-465-5463

[benyl]

Originally posted by 89coupe
.20 cents people. This is a new 52 week high and this is all based on hipe right now. WOW!

it is now $0.215

I am half out. Made some decent cash. Now I am going to let the rest ride!

[89coupe]

Originally posted by benyl


it is now $0.215

I am half out. Made some decent cash. Now I am going to let the rest ride!

Yeh, it hit .22 cents.

I'm glad you guys were able to make some money. Its a high risk play but hey, if you can get in and out, all the better.

[ExtremeSi]

unfortunately i only got in at .17, so I'm gonna ride it some more for now. I think it still shows lots of potential

[AsianCaucasian]

89Coupe, are you still holding it?

[djayz]

im still holding...its still heading on the up curve just have to be a little patient

i only bought 1000 so really havent made to much but if it hits some higher numbers i can turn quite a bit of profit.

trading numbers will be on the rise the next few days as people see this stock on the market and wonder why its so cheap and going up so fast.

[max_boost]

^^^

I'm holding 2500 shares of PLE right now, what's the potential? Can it hit $1? :D

[max_boost]

89coupe.

CAn you look into CLR.UN for me? I bought 1200shares at $6.20 and as you can see it's not doing well right now. Today it dipped 11.39% down to $3.50. I saw on ROBTV is projecting a buy for around $2.25. I'm not quite sure what this means. Is the stock expected to dip to this level? Or is that what it's worth?

Not good. I only bought this stock based on the extensive analysis from my Financial Advisor, well so much for that. He keeps saying it will bounce back etc. but I don't want to hold on to it and wait around for a few years, if not even longer. :drama:

[djayz]

PLE does have the potential of being close to a $10 stock but it may take a while or a very steady rise

PLE is going to be good for a medium term. Short term as well but youll need to sink in close to 50000 shares to turn a good profit.

Medium term i see PLE hitting around 75cents if not more. So hang on to it and be patient.

And i know your asking 89coupe about CLR.UN but ive heard of it and it has had its bad run and youve lost quite a bit on it and your going to loose some more in the short term. But i think you should hang on to it. If you look at the long term chart it was a $10+ stock then it slowly declined and had one horrible day in october. February should bring some news and just hope its good cuz its been a while since its had a press release.

If you dont want in the stock anymore and can accept the loss of almost half(which can easily be made up somewhere these days) then sell. Or you can wait around for a few years and you might see your $6 stock again but it may take a long time.

btw anyone else own BLE stocks? Blue Pearl Mining

[max_boost]

Yah it's been a rough ride for Clearwater, maybe I will wait it out. It's just depressing looking at those negative numbers in the balance haha I was actually thinking about plowing more money into it once it hits rock bottom (whatever number that is) so I can make some of it back on its rise up. :drama:

[Godfuader]

YAAAY 'PLE'!!!! 23.81% gain:clap:

PS. Found this great site for FREE live updates (put your symbol on the top left of the chart) :
http://www.investoolsct.com/currency/free_charts.asp
Kinda exciting to see what the stock is doing in real time.
Note:I think it is real time, or close to it. Someone want to compare or put up other sites offering similar services for free.

[benyl]

If you have a trading account with TD or RBC, you get free live quotes.

[Godfuader]

Originally posted by benyl
If you have a trading account with TD or RBC, you get free live quotes.
Thnx. Do they let you monitor multiple symbols at the same time?

[roopi]

Originally posted by Godfuader

Thnx. Do they let you monitor multiple symbols at the same time?

Yes in TDW you can create multiple portfolios to monitor real time quotes.

[elmo909]

I opened a TDW account but I forgot to ask,
is there a fee for inactivity with the account?

[benyl]

no

[djayz]

Originally posted by max_boost
Yah it's been a rough ride for Clearwater, maybe I will wait it out. It's just depressing looking at those negative numbers in the balance haha I was actually thinking about plowing more money into it once it hits rock bottom (whatever number that is) so I can make some of it back on its rise up. :drama:

dont think it would be a good idea to put more into it.
you can put that money else where and earn double or maybe even triple of what youll get from that by the time you break even.

[roopi]

Originally posted by elmo909
I opened a TDW account but I forgot to ask,
is there a fee for inactivity with the account?


Actually there is an inactivity fee with a TD Waterhouse account if you receive paper statements. You can login to your account and request online statements instead and then you never have to worry about inactivity fees.

[Rav4Guy]

Oh this is a great thread.... the semi-blind leading the blind. Keep believing everything you read on here... just because some guy get a hit on a stock... everyone decides to follow his advice. Everyone keeps posting their big gains noone has posted how much they've lost and if you say you haven't lost on a stock pick.... :bullshit: Either you've traded one or two stock in your life... or.. you're lying.

Keep following boys.... and enjoy retiring at age 70. If you don't like my thoughts.. at least research the company with some sort of analysis before dumping money in.

[max_boost]

^^^ haha WTF?!:rofl: :nut: :dunno:

[elmo909]

Originally posted by Rav4Guy
Oh this is a great thread.... the semi-blind leading the blind. Keep believing everything you read on here... just because some guy get a hit on a stock... everyone decides to follow his advice. Everyone keeps posting their big gains noone has posted how much they've lost and if you say you haven't lost on a stock pick.... :bullshit: Either you've traded one or two stock in your life... or.. you're lying.

Keep following boys.... and enjoy retiring at age 70. If you don't like my thoughts.. at least research the company with some sort of analysis before dumping money in.
Hold on......


You mean there's risk investing in the stock market? :dunno:


:rofl:

[benyl]

Originally posted by Rav4Guy
Oh this is a great thread.... the semi-blind leading the blind. Keep believing everything you read on here... just because some guy get a hit on a stock... everyone decides to follow his advice. Everyone keeps posting their big gains noone has posted how much they've lost and if you say you haven't lost on a stock pick.... :bullshit: Either you've traded one or two stock in your life... or.. you're lying.

Keep following boys.... and enjoy retiring at age 70. If you don't like my thoughts.. at least research the company with some sort of analysis before dumping money in.


Originally posted by benyl

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

I posted this a while ago.

I have 30,000 shares...

I paid $13,256.86 US for them.

8 months later, they are worth $517.00 today.

You do the math...

It was a bad buy, but hey so what. Win some you lose some. My only hope is that they get bought out by someone. Chances are, they will go bankrupt.

I know plenty of people that will lose the same amount of money at the Casino.

I have plenty of long term investments that have made me way more than I have lost. The stocks that 89coupe is pointing out are penny stocks. They don't have anything to do with my long term retirement plans.

Instead of buying wheels or a new turbo for my car, I buy stock and hope that I can buy two sets of wheels :rofl:

[max_boost]

^^^

We need some of Rav4Guy's picks :D

[lastprodigy]

PLE dropped off a bit this morning.

[djayz]

yah quite a few stocks are dropping off today
but that just means we can all buy in cheaper and make some money in the short term too :)

SPX-X is supposed to make a killing like PLE...already up 25% today so i dont think im going to buy in

Does anyone hold FNX?

[benyl]

check out SGP. $1.35

I should have bought more at $1.00

[Stratus_Power]

im keeping my eyes on V.FO seems like there are lots of interest lately, if it drop back to ~ 0.80 im loading it up

[89coupe]

Originally posted by benyl
check out SGP. $1.35

I should have bought more at $1.00

Fucken ehh!

I told you about them before they even came to market ;)

Its more then doubled now:bigpimp:

[elmo909]

Is it even worthwhile to invest (in stocks) if all I have to start is $500-1000?

[89coupe]

Originally posted by elmo909
Is it even worthwhile to invest (in stocks) if all I have to start is $500-1000?

Use that $1000.00 and buy into Solium Capital. SUM

In a year from now you will have $2000;)

Best case scenario of course :D

[djayz]

Originally posted by benyl
check out SGP. $1.35

I should have bought more at $1.00


Sienna Gold is still a very good stock. I can see it reaching well over the $3 mark sometime this year.

[benyl]

Yeah, I am going to hang on to it.

What is the deal with SPX? Thinking of gambling on it, but it looks like it has already made its run.

[max_boost]

I sold my shares in PLE. After the trading fees I still made 14%+ which is sweet. It's not a lot in dollar amount but since I don't plan to withdraw the money, I just hope I can keep growing it:D

Also decided to sell my Clearwater (-35%) and Norbord stocks (+5%) . Going to keep some $$$ on standby for the next big thing. :rofl:

[Weapon_R]

Originally posted by elmo909
Is it even worthwhile to invest (in stocks) if all I have to start is $500-1000?

Yes! A lot of people start with <2k

[djayz]

Originally posted by benyl
Yeah, I am going to hang on to it.

What is the deal with SPX? Thinking of gambling on it, but it looks like it has already made its run.

SPX is pretty much the same as PLE at the moment but they both have a huge potential.
Its made its one day run today...im gonna buy in when it drops down to 14cents or so cuz its prolly going to hit 25+ cents in the next 2 weeks

[djayz]

damn dont think SPX is going to have a downturn until they are higher up in price.

Already gained 10% so far today i shouldve bought in at 15cents :(

[89coupe]

Are you guys watching SGP:eek: :bigpimp:

[djayz]

SGP should have a huge rally for the next day or two
just finished a private placement of $1million so looks like things are looking good for them.

markets are slow today tho no big gains just mostly huge drops


This is what we all shouldve bought - IPSUW-Q

:banghead:

[benyl]

yes, I am watching SGP... Time to get out?

I bought 20,000 of SPX at .15 <-- almost time to get out.

haha, this is fun.

[djayz]

SGP will have a good rally for a few more days

and SPX still has alot to go i would give it atleast a month

[benyl]

$1.49 and rising...

SGP is like gold... haha

[ronaldo]

think sgp is still a good buy at 1.49??

[djayz]

^^
no but its a good buy at $1.43 :D

[djayz]

so i just bought IPT
and SPX at .23
SPX is doing very well today i might add...for some of you its a good day to take profits if you want

or you can hang on for a few more weeks and make even more money :)

[benyl]

I think I might profit take... 66% in a couple days isn't bad. I could buy a new camera lens. haha

[Rav4Guy]

Originally posted by djayz
SGP should have a huge rally for the next day or two
just finished a private placement of $1million so looks like things are looking good for them.

markets are slow today tho no big gains just mostly huge drops


This is what we all shouldve bought - IPSUW-Q

:banghead:

These funds will be utilized in the drilling program and general working
capital.
Sienna Gold Inc. continues to explore in Peru for precious and base
metals. Its major project is IGOR which continues to hold management's
attention and exploration direction.

[roopi]

India to invest $1-billion in oil sands

http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20060201/ROILSANDS01/TPBusiness/?query=india+oil

I don't think there are alot of companies that could be bought out that currently have projects in the works. I'm guessing the top 3 candidates are UTS, SYN, or CLL.

[Shaolin]

I just bought golden peaks resources (GL) and blue note metals (BNT). Somewhat longer term investment though.. Seems a lot of people in this thread are more into the drive-by style of trading..

For those that are buying and selling in matters of a few days, do you guys trade while at work?

[benyl]

yes. I have RBC action direct in one tab of Firefox and TD Waterhouse in the other.

I also have the stock ticker plugin for firefox (so I can see what is going on while surfing beyond) and in my icon tray(so I can see what is going on when I am actually working). haha

yeah, I am addicted.

[roopi]

Originally posted by benyl
yes. I have RBC action direct in one tab of Firefox and TD Waterhouse in the other.

I also have the stock ticker plugin for firefox (so I can see what is going on while surfing beyond) and in my icon tray(so I can see what is going on when I am actually working). haha

yeah, I am addicted.

:rofl: Doesn't sound like you get much work done.

[benyl]

haha, it isn't that bad. I check maybe once an hour for 2 minutes to get a live update on the most active stocks.

[max_boost]

Oh you bastards, looks like I missed out on a gem :D So what's the next rate riser 66%+ stock? haha :bigpimp:

[AllGoNoShow]

Looks like I might be getting some SGP, still learning all this new investor stuff, good thing my dad is big into it.

[YCB]

i think we should all thank 89coupe :D ... lets hope he doesn't pull a martha stewart and not tell us when to sell ;)

[Altezza]

Originally posted by benyl
yes. I have RBC action direct in one tab of Firefox and TD Waterhouse in the other.

I also have the stock ticker plugin for firefox (so I can see what is going on while surfing beyond) and in my icon tray(so I can see what is going on when I am actually working). haha

yeah, I am addicted.

:rofl: You're worse than me!

[djayz]

hows the stock ticker plugin work...does it update every 15 minutes? or is it pretty much live?

[Si_FlyGuy]

Originally posted by YCB
i think we should all thank 89coupe :D ... lets hope he doesn't pull a martha stewart and not tell us when to sell ;)

:werd: Whomever sold PLE at 21 cents did well. :thumbsup:

[Rav4Guy]

Originally posted by djayz
hows the stock ticker plugin work...does it update every 15 minutes? or is it pretty much live?

it wouldn't be live so it'll be a delayed price.

[Shaolin]

I wish I would've jumped in on SGP.. I might trade a small amount on the next 89coupe reco after I take a look at it.. seems like you guys are doing fairly well with his recos..