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$3,000 to invest
- Thread starter simms
- Start date
I don't know poker. I could give it to someone to play for me, but why not invest in the markets instead? 😛 I'll have some experience actually investing in the market, which is a first time.
But I've heard brokerage fees take out any benefit I'd get anyways because 3K isn't a lot.
TheGameIs21
Golden Member
Does Canada have anything comparable to a ROTH IRA here in the US? That is a sweet deal and if you start at your age.. the compounding interest will be a sweet margin for you.
ROTH IRA info
More ROTH IRA info
ROTH IRA info
More ROTH IRA info
IBM is looking really good lately not only are major companies licensing their technology (Intel, IBM, Motorola), but all 3 of the big consoles coming out next year will have IBM chips (PS3, Xbox2, TBA Nintendo Console).
Walmart just had a slide might be a good time to buy in.
AMD still has some room to grow in the short term as well.
A controversial and high risk stock that has a lot of potential (for the 2nd time) is Rambus, if they manage to land a chipset for their new RDRAM (multi GHZ frequency on a serial memory bus).
Biotech is making a bounce back this week on the new stem cell research news.
Walmart just had a slide might be a good time to buy in.
AMD still has some room to grow in the short term as well.
A controversial and high risk stock that has a lot of potential (for the 2nd time) is Rambus, if they manage to land a chipset for their new RDRAM (multi GHZ frequency on a serial memory bus).
Biotech is making a bounce back this week on the new stem cell research news.
Hey man, fellow 'nuck here.
If you really want to invest it, put it in a low-cost index fund. If the TSE goes up, you go up, if it goes down, you go down. Keep it in $CND, exchange rates are too wonky right now to be meddling in if you don't know what you're doing. I don't know if 3000$ is enough to get into a cheap index fund, if it's not, keep it in GICs. Don't listen to what people here say, you want to build a strong base on which you can build other, more risky assets.
NOTE: The TSE is strongly commodities based, so an index fund in that is a lot like a well-diversified commodities fund.
If you really want to invest it, put it in a low-cost index fund. If the TSE goes up, you go up, if it goes down, you go down. Keep it in $CND, exchange rates are too wonky right now to be meddling in if you don't know what you're doing. I don't know if 3000$ is enough to get into a cheap index fund, if it's not, keep it in GICs. Don't listen to what people here say, you want to build a strong base on which you can build other, more risky assets.
NOTE: The TSE is strongly commodities based, so an index fund in that is a lot like a well-diversified commodities fund.
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