Anyone here invested in the stock market?
I'm curious to hear what in, what your thoughts are going forward and how your track-record's been thus far.
As of now, I have quite a bit in Marijuana stocks. MJ should be legalized in Canada by July 2018. The stocks I'm invested in are:
WEED
APH
OGI
ACB is on a tear, but never dipped into it unfortunately.
Apart from this industry, I have some cash in the renewable energy sector (an ETF called XEG).
I have a bit in cold (XGD) as a hedge
And lastly, a little bit in Disney because I think it has short-term upward potential.
You? 
Quote from Maddox
Anyone here invested in the stock market?
I'm curious to hear what in, what your thoughts are going forward and how your track-record's been thus far.
As of now, I have quite a bit in Marijuana stocks. MJ should be legalized in Canada by July 2018. The stocks I'm invested in are:
WEED
APH
OGI
ACB is on a tear, but never dipped into it unfortunately.
Apart from this industry, I have some cash in the renewable energy sector (an ETF called XEG).
I have a bit in cold (XGD) as a hedge
And lastly, a little bit in Disney because I think it has short-term upward potential.
You?
No one invests? Crypto? Anything?
No disposable income to do that sort of thing at the moment as I've just had 18 months off work. Something I may consider in the future.
I always liked the idea of it, but I've never gotten around to it. Did get The Stock Market for Dummies, but I didn't read it 
Invisible War ][
Edited 1 time(s). Last edited by Cyberkilla @ Tue Jan 8 8:38:18 EST 2019
Quote from Cyberkilla
I always liked the idea of it, but I've never gotten around to it. Did get The Stock Market for Dummies, but I didn't read it
I recommend two books for you; The Wealthy Barber (by David Chilton) and Unshakeable (by Tony Robbins). They are short and easy reads.
For someone who doesn't want to actively manage their own portfolio or dabble in the stock market, the right way to go is to just buy consistently into an index (like an index of the S&P500, for example). The average annual growth rate of the market is about 6-7%. That, compounded annually, adds up.
Shop the market for a bank that can put your money into tax-free vehicles (in Canada we use a "Tax Free Savings Account" (TFSA) and Registered Retirement Savings Account (RRSP)). In the USA I think you guys use a 401K instead of our equivalent RRSP. Most importantly, focus on minimizing management fees. If you can keep near 1%, that's great.
For every 1% additional you pay in management fees, it's equivalent to losing 10 years of retirement funds (the power of compounding is both your friend and your enemy).
Anyway, read those two books. If ever you have any questions, I'm happy to help.
Note: I'm a CPA, so this was all covered in my designation training (personal finance; tax; retirement planning). It isn't what I do on a day-to-day, but I should be able to answer any questions anyone might have.
Edited 1 time(s). Last edited by Detective Jake Peralta @ Tue Jan 8 8:45:41 EST 2019
Quote from Maddox
Quote from Cyberkilla
I always liked the idea of it, but I've never gotten around to it. Did get The Stock Market for Dummies, but I didn't read it
I recommend two books for you; The Wealthy Barber (by David Chilton) and Unshakeable (by Tony Robbins). They are short and easy reads.
For someone who doesn't want to actively manage their own portfolio or dabble in the stock market, the right way to go is to just buy consistently into an index (like an index of the S&P500, for example). The average annual growth rate of the market is about 6-7%. That, compounded annually, adds up.
Shop the market for a bank that can put your money into tax-free vehicles (in Canada we use a "Tax Free Savings Account" (TFSA) and Registered Retirement Savings Account (RRSP)). In the USA I think you guys use a 401K instead of our equivalent RRSP. Most importantly, focus on minimizing management fees. If you can keep near 1%, that's great.
For every 1% additional you pay in management fees, it's equivalent to losing 10 years of retirement funds (the power of compounding is both your friend and your enemy).
Anyway, read those two books. If ever you have any questions, I'm happy to help.
Note: I'm a CPA, so this was all covered in my designation training (personal finance; tax; retirement planning). It isn't what I do on a day-to-day, but I should be able to answer any questions anyone might have.
Thanks for the info, I'll have to take a look one weekend 
I'm in the UK, but I'd imagine there isn't too much of a difference.
Invisible War ][