@hells-caretaker saidI don't do crypto currencies, but my local football team is actually sponsored by bitcoin SV.
What's your take on Bitcoin, is it a Pyramid scheme ?
Long term dividend stocks are my preferred investment. I'm small time, but i will be regularly adding.
@great-big-stees saidSound advice. Do you dabble yourself? I'm guessing Canadian banks, right?
At your age, use only discretionary money in the stock market.
I started investing when I realised my predictions were as good as the experts.
I stopped investing when I realised my predictions were as bad as the experts!
If you are young then a diverse portfolio will see you well,
but if you are older than it's a risk.
In my opinion stock market investment is for the long term
(20+ years) Property is probably a much better option.
A HUGE deciding factor is how you are taxed on returns
(dividends/rent) and on capital growth.
@wolfgang59 saidIf you're going to speculate, then you can expect no more return than a sports bet. I spent a week listening to people like Buffet and Munger speak before i made any move. I don't see this as a get rich quick scheme, that's how you end up betting. Long term investment with a look to creating a passive income in my old age.
I started investing when I realised my predictions were as good as the experts.
I stopped investing when I realised my predictions were as bad as the experts!
If you are young then a diverse portfolio will see you well,
but if you are older than it's a risk.
In my opinion stock market investment is for the long term
(20+ years) Property is probably a much better ...[text shortened]...
A HUGE deciding factor is how you are taxed on returns
(dividends/rent) and on capital growth.
- Joined
- 06 Nov 15
- Moves
- 41301
@huckleberryhound saidBuy low...sell high.
So, i've started investing in the Stock market (Since April). Any other traders in the forum?
Wait to spend profits, until you're ready to die.
-Removed-Trump could possibly be the worst POTUS of all time. The U.S. have a lost a lot of allies and respect the past 4 years. Lets hope they don't make the same mistake in November, or that certain places known not to be Trumps supporters are not somehow unable to vote. I believe they have a very corrupt government right now. Did anyone see or hear any parts of his speech last night? Another all about me speech if you didn't see it, didn't miss much.
-VR
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@huckleberryhound saidThe stock market is a very tricky place anytime, but now more than ever. I wouldn't play with anymore than I can afford to lose.
Be fearful when others are greedy, be greedy when others are fearful.
-VR