investing money, what company to choose

[TomTom]

i am going to invest in some longterm mutual funds and was wondering who would recomend who and for what reasons/experiences

i was going to goto edwardjones, i talked to them like 2 years ago

[subdermal]

uh I hear the "Subdermal Deferred Earnings Fund" is a real good performer... send the $$$ I'll hook you up.

:D

I hope everyone else's answers are better than mine, I'd like to know too...

[Weapon_R]

I have found the best investments to be with Credit Unions - I was lucky enough to secure a little bit of cash in First Calgary when they were offering their 6, 8, 10 plan (6% the first, 8% the next, and 10% in the last year). After that, the rate stays at 8% until you pick up the money. I dont think they offer the same rates anymore, but its worth a try to check it out and find out what they can offer you.

[TrevorK]

I highly doubt those are the rates now.

That being said - yes, the credit unions are typically better than the big banks.

However I believe he was referring to mutual funds.



How much do you have to invest? Do you need the guidance of a financial advisor or are you going to do it yourself based on research?

[rice_eater]

i would get an investment advisor. if you have no idea what your doing it'll probably be better to have a bit smaller profits till you figure out "the game ", rather than to lose your cash

[max_boost]

Here's my advisor's contact info if you are interested.

Jake Yu
Statefarm Insurance & Financial Products (Stripmall adjacent Mt.Royal College)
685-1100

[max_boost]

Originally posted by Weapon_R
I have found the best investments to be with Credit Unions - I was lucky enough to secure a little bit of cash in First Calgary when they were offering their 6, 8, 10 plan (6% the first, 8% the next, and 10% in the last year). After that, the rate stays at 8% until you pick up the money. I dont think they offer the same rates anymore, but its worth a try to check it out and find out what they can offer you. Those rates are high, exactly what kind of investment is this? Sounds like a GIC.

[sexualbanana]

Just put it all in Enron. You'll be safe. :D

[rice_eater]

Originally posted by sexualbanana
Just put it all in Enron. You'll be safe. :D
at least you wont have to wait long till you're filthy rich or broke:love:

[Weapon_R]

Originally posted by max_boost
Those rates are high, exactly what kind of investment is this? Sounds like a GIC.

Not really - I locked in around yr 2000...

It is a stock that is completely managed by First Calgary. It's still possible to see growth rates of 10% - you just have to find the right advisor.

[max_boost]

Originally posted by Weapon_R


Not really - I locked in around yr 2000...

It is a stock that is completely managed by First Calgary. It's still possible to see growth rates of 10% - you just have to find the right advisor. From what I'm understanding, those rates are guaranteed?

Three year term? 6%/8%/10% and every year after is fixed at 8%? Or is that an estimate that may fluctuate?

If that's the case, why the hell would people even buy five year GIC's:rofl:

I must be missing something here.......

[SilverRex]

trade currency, since they deregulated some rules back in 97, now you and I can reap the benefit. the money market can give you 20-50% return per day, if you know what you are doing.

I am no expert yet, but ive been praticing for over 7 months to say its potential far exceeds those in the stock market.

the money market goes thru trillions of dollars perday. its the biggest market out there, and im surprise alot of people either dont know about it, or they think it involves as much risk as stocks if not more.

with stocks, you need alot of money + time to make money, in money market all you need is patients, very little money and the right technique and you will see results within days.

virtually there is no commision and everything is real time.
:thumbsup: