Where to invest?

Canadian Equity Investing Discussion
dreamy
Posts: 4
Joined: Mon Jun 09, 2008 1:54 pm

Where to invest?

Postby dreamy » Mon Jun 09, 2008 2:04 pm

Hi, I have $35K and I don't know how to invest them. What should I buy? Any suggestions?

theway
Posts: 26
Joined: Tue Jun 03, 2008 6:33 pm

Re: Where to invest?

Postby theway » Mon Jun 09, 2008 3:22 pm

Have you talked to financial advisor? Although good financial advisors are rare, you can still try talking to one of them in your local bank, and see what would they recommend. Don't believe in the "invest for the long term" mantra most of them are singing though, instead do your own research and make your own investment decision, After all is YOUR MONEY we are talking about.

dreamy
Posts: 4
Joined: Mon Jun 09, 2008 1:54 pm

Re: Where to invest?

Postby dreamy » Tue Jun 10, 2008 6:04 pm

I have an appointment next week with bank rep. I wanted to be prepared to talk to them because I am not a financial guru or something. I was thinking of buying some precious metals stocks and I am curios what will they advise me on that. I'll keep you posted.

spencer
Posts: 37
Joined: Thu May 29, 2008 8:46 pm

Re: Where to invest?

Postby spencer » Wed Jun 11, 2008 8:18 pm

The majority of these bank advisors are useless. I few years back I was talking to one of them and I asked her a simple question, something like "What was my average yearly percentage gain on mutual fund ABC for the last 2 years?". She blurted something and finally said that she doesn't know how to calculate that.

Do you want to get a financial advice where to put your hard-earned money from such a "professional"?

1819
Posts: 8
Joined: Thu Jun 05, 2008 3:35 pm

Re: Where to invest?

Postby 1819 » Wed Dec 03, 2008 3:24 pm

dreamy wrote:Hi, I have $35K and I don't know how to invest them. What should I buy? Any suggestions?



If you didn't lose them by now I say keep the cash and wait for better times. A lot of people lost money trying to "invest" so if I had that kind of cash I would keep it close to me.


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