Karina Espinosa
E.D. Meds

Where do you keep your money?

SFMIKE

New member
Jul 3, 2004
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San Francisco Bay Area
From about early 2000 until the middle of 2004 I practically kept all my money in a sock under the mattress. That is how bad it got after a great run in the '90's. I felt it was much better to settle for a 2-4% return than to lose all the money I saw others losing. So many people could not accept that the 90's would not return. Some I know lost 50-70% of their money.

I was lucky enough to get some good advice from a radio Guru who, in early 2000 told his listeners to get out of the market. He was so right.

So, in the middle of 2004 he started advising a return to the market, but not the conventional market--DOW and Nasdac (sorry I am not able to address the Canadian markets as I have no knowledge, but I am sure the same types of funds are available). What he was saying was look overseas. Man, was he so right again. International Funds and Emerging Markets is where I have almost all my money. I have them spread around in 9 different funds, all no-load as I am a do-it-yourselfer. (Vanguard, Fidelity, T. Roe Price)

This is not for everybody, especially if you do not want to do the work. You would be better off going to a fee-based fund. If you were to take a look at the different International Stock Markets you would find some of the leaders would be countries like Australia, Greece, Russia, Brazil, India, and surprisingly, Mexico. And, let's not forget China, the next giant. There are others, but the DOW trails all of these if you look back to the start of 2005.

I am hardly an expert here, but I believe in doing my homework. I am sure many others here will be able to display more experteze than I. It is simply that I know I have done very well and others have probably done a lot better.
 

dr_pepper

New member
Oct 4, 2005
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doesn't matter where you put it

if you don't diversify. Having all your eggs in one basket of anything is a bad move. That said you are only allowed so much foreign content. There are several "plans" available through the stock houses that take you money and put it into a little piece of everything. The theory being that over the course of time you get your 10-12%. The other option is to move it around yourself into the flavour of the day. Your choice.....
 

Randy Whorewald

Orgasm donor
Sep 20, 2005
3,332
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Greek Islands
www.randydyck.com
In my wife's purse!
 

Sonny

Senior Member
Sep 13, 2004
3,701
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dr_pepper said:
That said you are only allowed so much foreign content. .
This foreign content limit only applies to RRSP Mutual Funds, does it not? Outside of that category, you can invest whatever you want wherever you want.
 

Sonny

Senior Member
Sep 13, 2004
3,701
127
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Stadley said:
The foreign content limit has been waived recently has it not?:confused:
I don't do RRSPs so I may be out-of-date, but geez, I hope you are right!
 

Ais

New member
Jul 24, 2004
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Stadley said:
The foreign content limit has been waived recently has it not?:confused:
No it has been increased but not waived. And plus SFMIKE would be from the US therefore our RRSP limits have no impact on him.
 

Roach

New member
Nov 1, 2003
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Mine seems to be finding it's way into "The Royak Bank of SPs" these days...
 

doamim

New member
Jun 17, 2005
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I am the one who lost 80% in the market meltdown in 2000. Luckily I made all those money back by flipping houses in San Jose and here in Vancouver. I have 100K of my IRA money in T.Rowe's Asian fund which is doing great in the last 2 years like SFMIKE said. I wish I had put some money in Canadian market ( Excluding NT) . Right now , I am 80% cash and unloading some houses here.
 

Azcanuck

New member
May 30, 2004
339
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Riderville
The RRSP foreign content limit is gone (not increased).
Emerging markets are a great place for some diversity. The returns for the last 3 or so years has been fantastic and reminiscent of the tech boom. I would be hesitant to put a large % of my portfolio in EM's however. Those countries are not as developed as Canada/US or Western Europe so one bit of bad news could cause those markets to tank. It all comes down to your risk tolerance.
Personally, I allocate between 5-10% of my portfolio for higher risk/speculative investments
 

pickupjoe

New member
Jan 12, 2003
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keep it at the Bank of low interest, no service but plenty friggin services charges and the rest on taxes to them stoneface shitwads at CCRA.:mad: :mad: :mad: :mad:
 

tramp333

New member
Apr 8, 2006
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Not around here anyway! Don't have any left but back in the day when almost everyone you met was makin it hand over fist there were several veried stashes I remember using. Had a wall safe that looked just like your average electrical outlet, until you tried plugging something in, that is? And used to roll it all up and bury it in plastic bucket's, in the yard. Sure hope I never forgot about any of them?