Any investors here?

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agp
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Any investors here?

Postby agp » Mon Apr 23, 2012 5:22 pm

Any investors here? I'm want to learn/start investing this summer but not sure where to start. I have read almost everything on Investopedia, but theory does not translate to application that well. I wish I could just shadow an investor for a week :)

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Victorleo
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Postby Victorleo » Tue Apr 24, 2012 4:36 pm

Have you considered ETFs. They are a great way of buying mutual funds “without having to buy mutual funds” I have a few in my IRA. But for long term I suggest REIT s. I keep those under my name for income purposes. Everything else is on the “streets” name.

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Postby Moneytalks » Tue Apr 24, 2012 10:10 pm

Hmm, I kinda want to as well, but for know, I'm not dealing with the street, sticking with precious metals and savings account.
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FastSRT8
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Postby FastSRT8 » Wed Apr 25, 2012 1:53 am

I focus on real estate here in Vancouver BC. That's what I know and stick with. Tried stocks and surprise surprise LOL I lost $$
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agp
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Postby agp » Wed Apr 25, 2012 7:14 am

Victorleo wrote:Have you considered ETFs. They are a great way of buying mutual funds “without having to buy mutual funds” I have a few in my IRA. But for long term I suggest REIT s. I keep those under my name for income purposes. Everything else is on the “streets” name.


I have been meaning to read this book on ETF that I bought around Christmas time. Haven't had the chance to read anything but the first few chapters, but it looked promising.

Moneytalks wrote:Hmm, I kinda want to as well, but for know, I'm not dealing with the street, sticking with precious metals and savings account.


That's what my friend is doing. He's made big investments in gold and silver and they are paying off well. Precious metal is definitely the way to go since the government can print more money but not make more gold (hopefully).

FastSRT8 wrote:I focus on real estate here in Vancouver BC. That's what I know and stick with. Tried stocks and surprise surprise LOL I lost $$


What do you do exactly with real estate?

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FastSRT8
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Postby FastSRT8 » Wed Apr 25, 2012 10:51 am

I buy real estate and then hold it. When things pick up or the area develops further, I may either flip it OR develop it.
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Postby Moneytalks » Wed Apr 25, 2012 7:13 pm

Very smart, when I have that kind of money to invest, I would rather put it in a house and collect rent than dividends...
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FastSRT8
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Postby FastSRT8 » Thu Apr 26, 2012 2:00 am

I think it all depends on what you are comfortable with. I for one am not a finance guy so stocks and bonds are a no no. As glamourous as they make it out to be, I'm dangerous when it comes to that kind of investment. I've been in real estate and construction all my life so I am comfortable with the risks.
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Postby Moneytalks » Fri Apr 27, 2012 10:41 am

Real estate agent, builder, what sector of real estate you work in??
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Postby FastSRT8 » Fri Apr 27, 2012 11:35 am

Thru my working life I have been exposed in the management and delivery of a latitude of projects ranging from commericial buildings, industrial facilities and infrastructure projects (power systems, substations, wind farms). The common denominator is real estate.

I've taken what I have learned, money I have made and bought land in various forms to either flip or develop into properties for sale.
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