Firing my Stock Broker

[wilde]

I cannot even count the number of times that I have seen a jr resource stock on the tsx or more commonly the tsxv double, triple or even quintuple....

And I cannot even count the number of times that I have seen these jr resource stocks becoming nothing more than very expensive wallpaper.

.

 

[john23]

Some interesting reading on this thread. I got stuck with some a stupid mutual fund for my RRSP when I worked for a large nameless global conglomerate (which bought our company and sold it out less than 2 yr later - thanks!). They offered to match 50% of my RRSP contribution. Naively I bought into a mostly offshore fund and quickly realized the fund managers didn't know what they were doing at all. I switched to a Cundhill mostly Canadian fund and it did much better (at the time, if you made any money at all that was something). The way I see it is that my employer took a loss of $1000, I was up $4000.

PS I'm quite happy leaving money in the bank at this point. If you don't treat investing like a religion you are pretty much giving your money up to chance.

 

[maxx50]

its your money

you should treat your money like any other business You would not invest your money in a grosery store .. stock the shelve and let anybody just take what they want would you NO.. so why are you puting your money in the bank .. or with an investment company ... and leting them use it like they want ... and then tell you how much they made for you or did not make for you ... and you have not got any F****** indea if it is true or not
Take controle of you money and what other people do with it
no you wont know every thing there is about making money but .. learn something.. about how to do it .. You have allready put in the hard work to make it now the idea is to make it work for you so you don't have to..
A little thinking can make a little make a lot..
I know i don't know the b all end all of making money with money
but it is done by a lot of people every day ... are they that different then you and I?

 

[KYG]

O.K., so I'm going to reply to my own post. I spoke with my broker recently and told me that I would never lose money with him and that he is generally conservative. He told me back when tech was hot, he never invested in those companies and he never got burned when the tech bubble busted.

He said he invests in companies that generally have low p/e ratios. For example, I kinda liked Rogers Communications but he hated it because he said it had high debt and a very high p/e ratio. Yet, this stock did very well last year and this year as well.

Comments anyone?

 

[maxx50]

ok

T hat sounds great ,, now ask for a list of the stocks he has invested you in .. and take alook at there dete ratio.. there growth in the last 5 yrs.. and what the company is worth.. and then take the time to compair them to other comapies that you like ..
That is called taking charge of your money.. and not just assepting what some one else is telling you...
For some people his method is good enough ... but he is not doing what you are paying him for.. You can put your money in GIC at 4% to 4.5% and not pay him any thing.