what to invest 100Gs in?
- Thread starter ILOVETHIS
- Start date
What length of time do you wish to invest for, and what is your risk tolerance?
Answer these questions BEFORE you even decide to invest.
Answer these questions BEFORE you even decide to invest.
Invest it all in whatever a bunch of anonymous people on the internet tell you to buy.
I hear cars, art, wine, and comic books are excellent investments.
Seriously though, put as much into an RRSP account as you can to get the tax return (and spend the tax return on SPs). There's a new kind of tax sheltered account coming soon where all the money you make on investments (dividends, capital gains etc) will be tax exempt.
As for specific asset allocation, go find a professional advisor. Seriously.
I hear cars, art, wine, and comic books are excellent investments.
Seriously though, put as much into an RRSP account as you can to get the tax return (and spend the tax return on SPs). There's a new kind of tax sheltered account coming soon where all the money you make on investments (dividends, capital gains etc) will be tax exempt.
As for specific asset allocation, go find a professional advisor. Seriously.
Lot's of envy in the responses.
Go to a reputable financial advisor that is compensated by you on a fee-for-service basis, rather than the funds that he sells. He will build you a plan based on your personal needs and circumstances.
Go to a reputable financial advisor that is compensated by you on a fee-for-service basis, rather than the funds that he sells. He will build you a plan based on your personal needs and circumstances.
This is the best advice so far. The problem with most "financial advisors" is that they're nothing but glorified mutual fund salesmen. Once they sell you their products they then have a license to hit you with fees up the wazoo, and they're not even required to disclose how much they're charging you.Blue5658 said:
I recommend a great book by Derek Foster called "The Lazy Investor". It shows how the average person can make their money grow pretty quickly, while paying very little tax on the earnings, which is also key to growth.
I can think of more place where NOT to put right now, then where to put it. Even CD's don't pay much at all 
kitaa said:
Not in the USA, many have been burn by 30% if not more-way more. Seen Condos are the hardest hit cause the more units that go empty, the less money in fees the Condo people have to keep the building in good shape.
The N.Y. Times reported that in Miami, units that sold for as high as $700,000 are now worth $200,000
Now Canada housing is doing OK but I be unsure to buy unless you were planing staying in the house for a long time just in case the prices start to fell.
Oh really? Ever heard of a thing called a prospectus? It's not that salespeople don't disclose, it's that clients can't be bothered to read or ask...Mikehorn said:
Ever heard of a guy named Eric Sprott or try Barometer Asset Management or even most boring dividend funds? - they've been better than real estate for 20 years, even with this run up in housing we've seen for the past few years.kitaa said:
My advice - talk to some friends or colleagues and get some referrals to financial advisors. Then interview those referrals and find out how they go about making recommendations. Choose the person you're most comfortable with. Then, last, but not least, ask questions and never NEVER trust that person - open your mail, check your portfolio balance and keep asking questions.
Timbit
