Where to put my money?

[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.

[Jetta-2.0]

Save it in a savings account, nothing grows for free

[Dilmah]

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

[leftwing]

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

[dingmah]

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.

[ExtraSlow]

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.

[max_boost]

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.

[89coupe]

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.

[kaput]

.

[Toma]

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

[Toma]

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?

[89coupe]

PPL.TO

I have been investing with them for the past 6 years

[e36bmw///]

nm

[leftwing]

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?

[Euro_Trash]

Originally posted by 89coupe
PPL.TO

I have been investing with them for the past 6 years

+1

[ExtraSlow]

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.

[ExtraSlow]

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

[89coupe]

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

[Chandler_Racing]

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.

[89coupe]

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