Comments on: Latest Trade by Numbers Issue http://www.canadiancapitalist.com/latest-trade-by-numbers-issue/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Susan http://www.canadiancapitalist.com/latest-trade-by-numbers-issue/#comment-82 Susan Wed, 30 Nov -0001 00:00:00 +0000 http://www.canadiancapitalist.com/?p=158#comment-82 Hey, someone else who owns JDU and Nortel! I just sold mine yesterday to finally get them gone. I am an accountant but I hate investing. I had (note the word HAD) $20K in a locked in RRSP from a pension rollover from a major organization. It was invested in BORING mutual funds until hubby started talking with a friend who was making a KILLING in stocks, including JDU. Since I had no interest, I told hubby to go ahead and manage my RRSP. BAD BAD BAD. Along with JDU and Nortel, we also bought Palm stock when it debuted. Portfolio is now worth about $2000 total. Plus every time the statement comes I get MAD and UPSET. So I sold them so that I don't have to look at the book value vs market value any more. And now I am starting over. I just read Start Late Finish Rich by The Automatic Millionaire guy. I am not sure I am impressed but he mentions some mutual funds in there to buy. Have you seen it? Any thoughts? I guess what bugs me about his book is that he is an American through and through and it feels like he has Canadianized his book but probably doesn't really understand the differences in Canadian taxes etc. Not sure until I finish the book. Hey, someone else who owns JDU and Nortel! I just sold mine yesterday to finally get them gone. I am an accountant but I hate investing. I had (note the word HAD) $20K in a locked in RRSP from a pension rollover from a major organization. It was invested in BORING mutual funds until hubby started talking with a friend who was making a KILLING in stocks, including JDU. Since I had no interest, I told hubby to go ahead and manage my RRSP. BAD BAD BAD. Along with JDU and Nortel, we also bought Palm stock when it debuted. Portfolio is now worth about $2000 total. Plus every time the statement comes I get MAD and UPSET. So I sold them so that I don’t have to look at the book value vs market value any more. And now I am starting over. I just read Start Late Finish Rich by The Automatic Millionaire guy. I am not sure I am impressed but he mentions some mutual funds in there to buy. Have you seen it? Any thoughts? I guess what bugs me about his book is that he is an American through and through and it feels like he has Canadianized his book but probably doesn’t really understand the differences in Canadian taxes etc. Not sure until I finish the book.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/latest-trade-by-numbers-issue/#comment-83 Canadian Capitalist Wed, 30 Nov -0001 00:00:00 +0000 http://www.canadiancapitalist.com/?p=158#comment-83 Susan: Thanks for stopping by and your comments. First off, I want to clarify that I am not a financial advisor. <BR/><BR/>But, I do suggest that average main street investors like us should diversify our portfolio by investing in cash, bonds, stocks, REITs etc and then their stock holdings across different sectors.<BR/><BR/>You can check out the sleepy portfolio for a simple, diversified portfolio. I learnt from the school of hard knocks that holding 20 stocks in the same sector (technology, gold or whatever) is tempting fate. I am also not a fan of mutual funds (except low cost index funds like the TD eFunds).<BR/><BR/>I've read the Automatic Millionaire. He does make is sound so simple. We all know the secrets to financial success. Spend less than we earn, save more, invest wisely. It is following it through that is the most difficult part. Susan: Thanks for stopping by and your comments. First off, I want to clarify that I am not a financial advisor.

But, I do suggest that average main street investors like us should diversify our portfolio by investing in cash, bonds, stocks, REITs etc and then their stock holdings across different sectors.

You can check out the sleepy portfolio for a simple, diversified portfolio. I learnt from the school of hard knocks that holding 20 stocks in the same sector (technology, gold or whatever) is tempting fate. I am also not a fan of mutual funds (except low cost index funds like the TD eFunds).

I’ve read the Automatic Millionaire. He does make is sound so simple. We all know the secrets to financial success. Spend less than we earn, save more, invest wisely. It is following it through that is the most difficult part.

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