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Dec 3 2019 07:17pm
What investing apps/sites do you use?
Being Canadian, I stick with Wealth Simple & Wealth Simple trade.
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Dec 3 2019 07:20pm
Etrade
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Dec 3 2019 07:30pm
Quest trade
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Dec 3 2019 07:37pm
Quote (Vivi369 @ Dec 3 2019 06:17pm)
What investing apps/sites do you use?
Being Canadian, I stick with Wealth Simple & Wealth Simple trade.


investing time is a must but when the ingenious invest in material and profit. This is high iq in the dark matter.
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Dec 3 2019 07:39pm
Quote (impdemon @ Dec 3 2019 08:37pm)
investing time is a must but when the ingenious invest in material and profit. This is high iq in the dark matter.


I'm still learning about how to invest..I read a bit and try to do my best.
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Dec 3 2019 07:40pm
hmmm I don't even.
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Dec 3 2019 08:29pm
Index funds are the simplest thing to use, IMO. I use the Charles Schwab S&P Index tracking fund. I’ve had investments with money managers before and the S&P index fund beat them by leaps and bounds in the long run. That’s where I feel is safe, I have a Charles Scwab trading account. If there’s a company you feel confident in, you can money there. I was excited about Netflix when it first came out and I didn’t pull the trigger and it shot off like a rocket. But safety wise, index funds are the way to go. On top of that, the best investment you can do is getting the match on your companies 401k if they offer it. Start there
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Dec 3 2019 08:32pm
Quote (GasBandit @ Dec 3 2019 09:29pm)
Index funds are the simplest thing to use, IMO. I use the Charles Schwab S&P Index tracking fund. I’ve had investments with money managers before and the S&P index fund beat them by leaps and bounds in the long run. That’s where I feel is safe, I have a Charles Scwab trading account. If there’s a company you feel confident in, you can money there. I was excited about Netflix when it first came out and I didn’t pull the trigger and it shot off like a rocket. But safety wise, index funds are the way to go. On top of that, the best investment you can do is getting the match on your companies 401k if they offer it. Start there


Canada doesn't have 401k :( same as a RRSP I assume that a company offers?
Mutual Funds are what exactly? They are investments that put your money into stocks/bonds equally? Sorry have only dabbled in this stuff just recently.
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Dec 3 2019 08:40pm
That’s correct, mutual funds will be more specific to a certain industry, like Technology or Medical. Index funds aim to track the overall market, such as following the Dow Jones Industrial or the S&P 500. You’d recognize it as the S&P/TSX composite index. It gives you an overall picture of how the market is doing. It’s less risk than a single stock or mutual fund, but it has less chance of doubling in value. In the end, it’s about owning a small piece of a successful company (or several) and reaping a small portion of its profits in either an increased value of the stock, or dividends paid out. Long term is the goal, not making your money in a month and running rampant with it. That comes with age though, I’ve lost a lot of money trying to hit homeruns.
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Dec 3 2019 08:43pm
I bought a quarter of land last year around this time

I invested in that.
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