Tax Free Savings Account -Go open one!!

[Reef_Geek]

this is interesting, CRA posts all convictions, individual cases with all details

http://www.cra-arc.gc.ca/convictions/index.html

[Nizzmo]

clearly I'm misinformed... Whups

[Reef Pilot]

Originally Posted by Reef_Geek

Are you braving equities? Do you think fixed income focused instruments are going to crash a little? What about this outlook with the US Economic Fiscal Cliff?

Day trading is a lot safer..., buy and hold anything doesn't work anymore. Although lately, some days it feels like squeezing blood out of a stone. Of course, getting distracted on canreef doesn't help, when I should be watching the vix and futures more closely...

But myself, I hope they go over the cliff. I like volatile markets. Kicking the can down the road every 3 months is good, too, whether it is EU or the US.

[Cameron]

I prefer to hold stocks....fixed income and mutual funds are a waste of time. Less than 3% of fund managers outperform their benchmarks after 5 years. If you find a good fund hold it for a couple years then change as it will become to big and start to under-perform. Equities long term pay off, it's always better to be an owner than a loaner. My TFSA is sitting at $39,245 as of this morning(without my 5500 contribution this year). I also implement option strategies in my TFSA.

[Reef_Geek]

Originally Posted by Cameron

I prefer to hold stocks....fixed income and mutual funds are a waste of time. Less than 3% of fund managers outperform their benchmarks after 5 years. If you find a good fund hold it for a couple years then change as it will become to big and start to under-perform. Equities long term pay off, it's always better to be an owner than a loaner. My TFSA is sitting at $39,245 as of this morning(without my 5500 contribution this year). I also implement option strategies in my TFSA.

Wow, that's fantastic! I'm about 14% (not annualized) in the plus, but definitely not doubling like you. That's what I get for being a lazy investor, having a day job and relying on mutual funds I guess. But the day job ain't that bad.

So do you day trade then?

Which brokerage do you like best for their fee structure?

I'm thinking I can afford a portion of my portfolio in high risk tolerance.

[Cameron]

Originally Posted by Reef_Geek

Wow, that's fantastic! I'm about 14% (not annualized) in the plus, but definitely not doubling like you. That's what I get for being a lazy investor, having a day job and relying on mutual funds I guess. But the day job ain't that bad.

So do you day trade then?

Which brokerage do you like best for their fee structure?

I'm thinking I can afford a portion of my portfolio in high risk tolerance.

I don't day trade I trade on momentum and have a couple screens setup for my selections.