Investment Ideas
Apr 14th 2021, 5:52 pm
#31
Lost in BE Cyberspace
Joined: Sep 2013
Location: SW Ontario, Canada
Posts: 6,960
Apr 14th 2021, 9:58 pm
#32
BE Enthusiast
Thread Starter
Joined: May 2019
Posts: 386
Re: Investment Ideas
Yep. I had to do this with over 20 share options and 4 stock gifts from my last company. I had a huge spreadsheet detailing the US prices on specific dates, exchange rates on those dates and the gains when sold with the relative stock prices and exchange rates. Then use the formula from the CR to work out the gains.
I think the accountant just used my spreadsheet ( unless he worked it out and it perfectly matched mine ) for my tax submission. Was a bit of a nightmare to work out.
I think the accountant just used my spreadsheet ( unless he worked it out and it perfectly matched mine ) for my tax submission. Was a bit of a nightmare to work out.
Apr 15th 2021, 12:09 am
#33
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Investment Ideas
other than this thread, is there an investment/trading discussion thread somewhere?
Apr 15th 2021, 4:51 pm
#34
BE Forum Addict
Joined: May 2009
Location: Langley, BC
Posts: 1,961
Re: Investment Ideas
I invested in Crypto at the start of 2018... put in $3500 USD into various different coins, some much better than Bitcoin in terms of technology. Within a few months it was worth just $350 thanks to a crash. Yesterday, after holding all those coins for 3 years, it finally got back up to $3500, so I sold it all and cashed out. Crypto currency is speculative gambling, I saw other coins go from 90c up to $32, but I just didn't pick the right one. There's no intrinsic value, it's just a fad that could crash again any time. If you can extract wealth from other people getting suckered in, good for you, but I'm just so done with the whole thing.
Now I just put money in an index fund in a TFSA. I've used Vanguard's VUS.TO ETF and its grown steadily over the past few years.
Now I just put money in an index fund in a TFSA. I've used Vanguard's VUS.TO ETF and its grown steadily over the past few years.
Last edited by CanadaJimmy; Apr 15th 2021 at 4:56 pm.
Apr 17th 2021, 5:18 pm
#35
BE Enthusiast
Thread Starter
Joined: May 2019
Posts: 386
Re: Investment Ideas
I think I may have put the kiss of death on bitcoin, since I bought in a few days ago it's down 5%! 😭
Apr 22nd 2021, 4:11 pm
#36
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,999
Re: Investment Ideas
Apr 22nd 2021, 6:47 pm
#37
Dive Bar Drunk
Joined: Nov 2006
Location: Toronto
Posts: 8,649
Re: Investment Ideas
I invested in Crypto at the start of 2018... put in $3500 USD into various different coins, some much better than Bitcoin in terms of technology. Within a few months it was worth just $350 thanks to a crash. Yesterday, after holding all those coins for 3 years, it finally got back up to $3500, so I sold it all and cashed out. Crypto currency is speculative gambling, I saw other coins go from 90c up to $32, but I just didn't pick the right one. There's no intrinsic value, it's just a fad that could crash again any time. If you can extract wealth from other people getting suckered in, good for you, but I'm just so done with the whole thing.
Now I just put money in an index fund in a TFSA. I've used Vanguard's VUS.TO ETF and its grown steadily over the past few years.
Now I just put money in an index fund in a TFSA. I've used Vanguard's VUS.TO ETF and its grown steadily over the past few years.
My top performer has been an ETF. The ticker is: XWD https://www.blackrock.com/ca/investo...ssthrough=true
I wish I had got in 5 years earlier as it has tripled since it's launch. I got in in 2016 though and it has still grown about 60%
Last edited by JamesM; Apr 22nd 2021 at 6:51 pm.
Apr 28th 2021, 7:11 pm
#38
Forum Regular
Joined: May 2016
Posts: 56
Re: Investment Ideas
The TFSA GIC's I took out with Scotiabank have shown next to nothing after 3 years. Can I transfer them or can I start new TFSA's with an independent advisor like Edward Jones ?
Apr 28th 2021, 8:19 pm
#39
Tea Drinker
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: Investment Ideas
Dogecoin is where it's at!
Apr 28th 2021, 9:18 pm
#40
Dive Bar Drunk
Joined: Nov 2006
Location: Toronto
Posts: 8,649
Re: Investment Ideas
You can work with an independent advisor if you like. They'll factor is what level of risk you want to have and guide you on where to put your money. Do bare in mind that some funds pay them more fees than others so there will likely be some bias.
I have a degree in Accounting and Finance so do my own stuff but professionals are worth their weight if you are new or not sure what to do.
Apr 30th 2021, 1:52 am
#42
Lost in BE Cyberspace
Joined: Sep 2013
Location: SW Ontario, Canada
Posts: 6,960
Re: Investment Ideas
I set up Scotia iTrade which allowed me to trade much more widely than Scotiabank were allowing me. I then move and transfer things around myself.
You can work with an independent advisor if you like. They'll factor is what level of risk you want to have and guide you on where to put your money. Do bare in mind that some funds pay them more fees than others so there will likely be some bias.
I have a degree in Accounting and Finance so do my own stuff but professionals are worth their weight if you are new or not sure what to do.
You can work with an independent advisor if you like. They'll factor is what level of risk you want to have and guide you on where to put your money. Do bare in mind that some funds pay them more fees than others so there will likely be some bias.
I have a degree in Accounting and Finance so do my own stuff but professionals are worth their weight if you are new or not sure what to do.
I have a direct investing (RBC) account and a wealthsimple account just to buy low amounts and play, but i'm not concerned if I lose that money.
I also have a "conservative" growth portfolio account with RBC InvestEase and I put money into there as well from time to time.
May 4th 2021, 2:23 pm
#43
Tea Drinker
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: Investment Ideas
The old family home is to be sold and it looks like I'll get about £30k of the proceeds. With no immediate use for the money (due to covid!) and bank interest rates being virtually zilch I would like to put it to work. I have set up an app called Freetrade and are ready to go, I am looking for growth rather than income and probably would leave the money invested for at least a year but there's just so much choice in terms of stocks and funds I honestly don't know where to start. Just wondering if there are any experienced investors out there in expats land who have any recommendations.
£25k of Dogecoin in March would now be worth £206,000
May 4th 2021, 3:18 pm
#44
Lowering the tone
Joined: Mar 2007
Location: Here and there
Posts: 7,360
Re: Investment Ideas
You can't credibly argue that putting money into Dogecoin counts as an "investment". It literally is a joke cryptocurrency. It's not an investment in a product or a company, it's just a bet on a game of financial pass-the-parcel. Someone, somewhere, is going to be holding Dogecoins when the music stops.
May 4th 2021, 3:37 pm
#45
Tea Drinker
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: Investment Ideas
You can't credibly argue that putting money into Dogecoin counts as an "investment". It literally is a joke cryptocurrency. It's not an investment in a product or a company, it's just a bet on a game of financial pass-the-parcel. Someone, somewhere, is going to be holding Dogecoins when the music stops.
I bought $300 worth back in April which is now worth $1,200. I'll probably sell mine as soon as Elon is done hosting SNL, hopefully he bigs it up during the show and it sky rockets even more.