Re: Stock market thread.
Axeman, I was in the same place you are 4 years ago... I took a year to learn all the terms, types of investing, what there is to invest in, how to do it ect... then started making lists of what I liked... then jumped in... and ****ed up a bunch and learned more...
I now have put in $63,000 into the markets approx $8K in US, $41K in TFSA and $14K in a taxable account... I'm down about $9K due to putting lots into oil companies (TBE, CPG, BNE long term plays) at 60-50 per barrel... but I also own BCE, MKP and VSN where I am up good amounts $1-3K each... I use Finvis, Seeking Alpha and BNN TV and a few other things here and there... My preference is towards dividend players above 5% yield and I currently earn about $350/month in dividends for doing NOTHING. I'm just starting to have enough to notice compounding happening in my accounts which is awesome!
its actually alotta of fun and is much like playing fantasy hockey, doing research, short lists, looking for what stats you want, you learn a bunch of things about stuff you dont know about the world...
But yes I'm an investor not a trader...
Index Funds are like a wife, Stock Picking is like going to the strippers!
Index funds are too hands off and all encompassing... Stock picking is more exciting and you pick what you like...
Current Roster:
F: H Sedin, Plekanec, Perry, Cammalleri, Oshie, Stepan, Anisimov, Kunitz, Justin Williams, Little, Baertchi, Huberdeau, Eberle, Rattie, Hoffman, Holland, Horvat, Dano, Dal Colle, Kerdiles
D: Boumeester, Green, Carlson, Del Zotto, Myers, Alzner, M Staal, Pouliot, Gormley, Mueller
G: Varlamov, Mrazek, Niemi, Vasilevski, Ramo, Hellebuyck