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.
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?
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?
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
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.
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 ;)