Money Investing megathread extravaganza - Page 10

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**lewdog** · 07-08-2016, 12:58 PM

I want to invest in Hog Farmers company. Bacon is always hot and likely a tradable community in world chaos.

**Rain Man** · 07-08-2016, 01:21 PM

Quote:

Originally Posted by Hog Farmer

Well, my company is not a publicly traded company but if you just want to send me a check that will be fine. anyway I bought some jerk an xbox and I need my money back.

Yeah, but whoever bought it at .0059 bought him a European river cruise, so you're ahead of the game.

I just bought some KNX today. I guess trucking has been struggling a bit, but it seems to me that there's no permanent clouds on the horizon.

How's steel doing? Did you ever buy any? I pondered that for quite a while. I like industrial stocks for some reason.

**lewdog** · 07-08-2016, 02:21 PM

Quote:

Originally Posted by Rain Man

Yeah, but whoever bought it at .0059 bought him a European river cruise, so you're ahead of the game.

I just bought some KNX today. I guess trucking has been struggling a bit, but it seems to me that there's no permanent clouds on the horizon.

How's steel doing? Did you ever buy any? I pondered that for quite a while. I like industrial stocks for some reason.

Who do you use to make your trades?

**lewdog** · 07-08-2016, 02:27 PM

If there's one industry that's risky but also a bit recession proof, it's alcohol. Not a bad investment option to have in your portfolio.

Diageo (DEO) is a good company and owns many top selling brands of Alcohol. Their stock has always remained rather strong.

I just invested in a company called Willamette Valley Vineyards out of Oregon (WVVI). I like their company structure, family owned and has really taken off in the wine making business in the past few years.

stumppy · 07-08-2016, 02:40 PM

Quote:

Originally Posted by Hog Farmer

Just placed an order for 500,000 shares of ONCI at .0014. Gonna be rich !

Don't look now

**notorious** · 07-08-2016, 06:43 PM

What online trade sites do you guys use to buy/sell stock?

CanadianChiefs · 07-08-2016, 07:00 PM

Quote:

Originally Posted by notorious

What online trade sites do you guys use to buy/sell stock?

Questrade

Also gonna pump but you guys should look up AMDA, I've been in it and tracking for a while. I'm underwater because delayed FDA last year, but the company just diluted and warrants and all that crap, but it's trading under the $1 warrant value with FDA looming within 30 days (finally). It's risky but its shown strong support after falling to a new bottom with literally all bad news out of the way. Unless FDA denies but that seems unlikely.

It likes to pop a ton (20-40%) and then lose its gains within a few weeks. Historically is has done this, so I suggest entering at .90 with a stop at .82 (which would be a new low). Sell on any pop.

**notorious** · 07-08-2016, 07:01 PM

Why do you like Questrade?

CanadianChiefs · 07-08-2016, 07:01 PM

Also, stock twits is a great resource, it's like twitter for stocks.

Be wary of shitty pumpers and bashers, but I really like it because there are solid people who post rumours, news, PR's immediately upon release, stuff like that.

CanadianChiefs · 07-08-2016, 07:06 PM

Quote:

Originally Posted by notorious

Why do you like Questrade?

I like it because I'm Canadian and big banks gouge the crap out of me. I used to be with TD and pay $10 per trade, now I pay $4.99 with Questrade.

TD bank did not offer aftermarket/premarket trading without literally having to call them or having a 25k balance in your account/ 300$ a month data package or something. It was annoying because most news is released after 4pm.

Questrade has a better layout, better price on options for me (rarely trade them but it's nice). And they have a data package with real times quotes for Nasdaq, TSX, etc for like $20 a month or free with I think $49.95 commission, so 10 trades a month and it's free.

Their customer support is amazing, they offer a live chat which really helps. Withdrawing money is simple, as is funding. Just direct deposit and you're set.

EDIT: With Questrade I can trade OTC as well, TD and some other large institutions make it harder than it should be, especially trading smaller cap-companies.

Another MASSIVE plus for Questrade is that if Canadian, you can use your tax-free savings account to trade but you can hold Canadian AND American dollars in it. This let me settle trades in american dollars. With TD you could trade in US dollars but the trade would settle in Canadian and I would have to exchange it again. This let TD take a bite out of my money with their commission on every exchange. If I gained 3% on a trade I would lose it on the exchange. It wasn't worth it.

**notorious** · 07-08-2016, 07:10 PM

Okay, I was looking at Scottrade but I will check out Questrade before making a final decision.

CanadianChiefs · 07-08-2016, 07:12 PM

All Canadians, don't know if many of you are Canadian here, but eh, guy, you should invest and trade stocks with a TFSA. No taxes on gains, no write offs on losses though. There are contribution limits like 10k per year but it accumulates every year since you turn 18 or when the TFSA was introduces (2010 ishh??).

So yeah, being able to hold both CAD and USD in my TFSA at the same time is amazing.

CanadianChiefs · 07-08-2016, 07:14 PM

Quote:

Originally Posted by notorious

Okay, I was looking at Scottrade but I will check out Questrade before making a final decision.

Keep in mind that you may not be in Canada but a lot of what I said applies to the US questrade too. It may even be better.

There more legit options in the US than Canada but yeah, just research it.

**Rain Man** · 07-08-2016, 07:30 PM

Quote:

Originally Posted by Hog Farmer

I looked the other day and (x) US Steel was at $17 I believe. When I was pondering I think it had gotten down to $8. I should have borrowed $8,000,000and jumped in. Would have made a cool 9 mil.

I should listen to you more often.

**lewdog** · 07-08-2016, 07:52 PM

Quote:

Originally Posted by CanadianChiefs

I like it because I'm Canadian and big banks gouge the crap out of me. I used to be with TD and pay $10 per trade, now I pay $4.99 with Questrade.

TD bank did not offer aftermarket/premarket trading without literally having to call them or having a 25k balance in your account/ 300$ a month data package or something. It was annoying because most news is released after 4pm.

Questrade has a better layout, better price on options for me (rarely trade them but it's nice). And they have a data package with real times quotes for Nasdaq, TSX, etc for like $20 a month or free with I think $49.95 commission, so 10 trades a month and it's free.

Their customer support is amazing, they offer a live chat which really helps. Withdrawing money is simple, as is funding. Just direct deposit and you're set.

EDIT: With Questrade I can trade OTC as well, TD and some other large institutions make it harder than it should be, especially trading smaller cap-companies.

Another MASSIVE plus for Questrade is that if Canadian, you can use your tax-free savings account to trade but you can hold Canadian AND American dollars in it. This let me settle trades in american dollars. With TD you could trade in US dollars but the trade would settle in Canadian and I would have to exchange it again. This let TD take a bite out of my money with their commission on every exchange. If I gained 3% on a trade I would lose it on the exchange. It wasn't worth it.

Did you ever look at Trade King? The attraction to TD is their commission free ETFs.

Great info too. I just liked Stock Twits on Facebook so I can follow them now. Thanks.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1613101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,112

07-08-2016, 12:58 PM	#136
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1318100	I want to invest in Hog Farmers company. Bacon is always hot and likely a tradable community in world chaos.
Posts: 46,288

07-08-2016, 02:27 PM	#139
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-1318100	If there's one industry that's risky but also a bit recession proof, it's alcohol. Not a bad investment option to have in your portfolio. Diageo (DEO) is a good company and owns many top selling brands of Alcohol. Their stock has always remained rather strong. I just invested in a company called Willamette Valley Vineyards out of Oregon (WVVI). I like their company structure, family owned and has really taken off in the wine making business in the past few years.
Posts: 46,288

07-08-2016, 06:43 PM	#141
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $-704116	What online trade sites do you guys use to buy/sell stock?
Posts: 88,470

07-08-2016, 07:01 PM	#143
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $-704116	Why do you like Questrade?
Posts: 88,470

07-08-2016, 07:01 PM	#144
CanadianChiefs Starter Join Date: Sep 2013 Casino cash: $9998531	Also, stock twits is a great resource, it's like twitter for stocks. Be wary of shitty pumpers and bashers, but I really like it because there are solid people who post rumours, news, PR's immediately upon release, stuff like that.
Posts: 715

07-08-2016, 07:10 PM	#146
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $-704116	Okay, I was looking at Scottrade but I will check out Questrade before making a final decision.
Posts: 88,470

07-08-2016, 07:12 PM	#147
CanadianChiefs Starter Join Date: Sep 2013 Casino cash: $9998531	All Canadians, don't know if many of you are Canadian here, but eh, guy, you should invest and trade stocks with a TFSA. No taxes on gains, no write offs on losses though. There are contribution limits like 10k per year but it accumulates every year since you turn 18 or when the TFSA was introduces (2010 ishh??). So yeah, being able to hold both CAD and USD in my TFSA at the same time is amazing.
Posts: 715