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Quixote


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RE: Your Portfolio
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Speaking of RESPs, stay tuned to government developments regarding a new Bill that is being disputed before bringing to law.   The bill allows RESP contributions to qualify for tax reductions in the same way that RRSP contributions do.

There is opposition to the plan within the government because they claim it will cost $900 million.  I find that ridiculous.  Here is a good idea that encourages education, savings and tax benefits for us peons but the government is worried about 'losing money'.   Did they forget that they will eventually get their money back when it comes time for people to withdraw their RESP savings? 

Hopefully good sense will prevail.

http://www.theglobeandmail.com/servlet/story/RTGAM.20080313.wmilik0313/BNStory/National/home?cid=al_gam_mostemail



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X4v13r


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u can also try putting ur money on ING or PC they give u better rates just for having a savings account with them.


~X

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Guadalupana


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Ah ok, well even with more reason you should change advisors. Why stick with someone who seems not to care about looking out for your investments? At least you can make much more informed decisions with your baby's RESP's and stay in the loop with how it's going with an advisor who cares.

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Hugo


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Guadalupana wrote:

Hogo, you're better off changing advisors. And RESP's are for your children. RRSP's are for your retirement.

I know RESPs are for ur kids' education, i'm about to have a baby that's why i'm interested smile





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Guadalupana


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Hogo, you're better off changing advisors. And RESP's are for your children. RRSP's are for your retirement.

What i do is: at the end of every month, i make a deposit to my RRSP's. That way come RRSP season, you're not doing a huge lump sum all at once.

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Hugo


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I only lost like $ 90 last year so I guess I have a pretty conservative portfolio lol I don't even know who or what I am supporting, my financial advisor never picks up the phone! I wanna get into RESPs now but the idiot won't pick up the damn phone furious I wanna retire by 50 or 55 tops, any tips from the pannel of experts here?!

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Quixote


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Baina wrote:

I'm about to dive into the market.

Any tips?



This year will be prime time to get into the markets but I don't advise that you rush into it.   There is still some downward trend left in the markets with the U.S. dollar weakness, high oil prices, subprime mortgage hangover and real estate boom tapering off. 

Focus on stocks. Start doing research now. Go to the library and read books on stocks to get a good sense of the lingo and how to evaluate stocks.  Talk to friends who have experience and more importantly, have been successful in the markets. Compile a list of stocks you like and follow them closely.

Assuming there are no huge meltdowns or catastrophes, I think October will be the ideal time to start investing, just prior to the U.S. elections.



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LGigolo


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Just save 10K, bring it to Vegas later this year, sign up for the World Poker Tour - 3 days later, you may just be a millionaire, if you get lucky! shrug.gif

ALL IN WITH THE NUTS EVERY TIME!

Now there is a safe and easy plan for my retirement! giggle.gif



-- Edited by LGigolo at 09:50, 2008-03-13

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X4v13r


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and if u do invest put it on something save and for a short period of time.

~X



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God


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Baina wrote:

Thanks Buffering!

I'm hesitant...but I feel that if I don't do it now....I won't for a while....soo.....We'll see how it goes.



I would hold your hourses and keep my money under the matress and take a desicion after the US elections.



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Guadalupana


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RRSP's are not a bad thing to get into.

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Baina


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Thanks Buffering!

I'm hesitant...but I feel that if I don't do it now....I won't for a while....soo.....We'll see how it goes.

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TV Buff


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Baina wrote:

I'm about to dive into the market.

Any tips?



Don't.



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X4v13r


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Baina wrote:

I'm about to dive into the market.

Any tips?





tips on what?

~X

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Baina


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I'm about to dive into the market.

Any tips?


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TV Buff


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God wrote:
We're in the same boat....I lost 6K from my Pension Plan is 2 weeks period. furiousfuriousfuriousfurious


Ouch, I've only lost a few hundred and I'm so upset... 6K, I'd be really, REALLY, REALLY, REALLY upset... no.gif



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angelita


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God wrote:

TV Buff wrote:


God wrote:

Have you checked lately your Investments, Pension Plan, RSP's ???

Mayday ! Mayday we're going down!



frustrated.gif Tell me about it. no.gif I don't know if you guys remember (or gave a s hit back then OR now), but I went through a fever of reading financial books (the wealthy barber, all Robert Kiyosaki and Warren Buffet books, etc). Anyway, because of my "extensive" research, I decided to start investing... very little, but investing nonetheless. Well, the MONTH that I started investing, Mutual Funds started going down. I check the friggin' thing every week ('cause of my OCD) and this past week it's been just awful!

Not only that, but because I thought I was an expert, I changed my RRSP to a more aggressive portfolio... needless to say, I've lost some much of my retirement funds, it's not even funny. But Buffet says to hang in there and ride the wave, so that's what I'm doing. sadangel.gif



We're in the same boat....I lost 6K from my Pension Plan is 2 weeks period. furiousfuriousfuriousfurious


 Are you serious??? I haven't checked up on my RRSP's. I hope i didn't lose any money or i'll be furious as well furious



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Marky Mark


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Dogo wrote:

You guys should've done what I did. Procrastinate



 Werd yo. I'm just about to start up my RRSPs. This is good to know.



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Dogo


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You guys should've done what I did. Procrastinate

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Guadalupana


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Quien les manda ser tan greedy pues? quieren todo de un solo. Slow and steady gano la tortuga. shrug.gif

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God


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TV Buff wrote:

 

God wrote:

Have you checked lately your Investments, Pension Plan, RSP's ???

Mayday ! Mayday we're going down!



frustrated.gif Tell me about it. no.gif I don't know if you guys remember (or gave a s hit back then OR now), but I went through a fever of reading financial books (the wealthy barber, all Robert Kiyosaki and Warren Buffet books, etc). Anyway, because of my "extensive" research, I decided to start investing... very little, but investing nonetheless. Well, the MONTH that I started investing, Mutual Funds started going down. I check the friggin' thing every week ('cause of my OCD) and this past week it's been just awful!

Not only that, but because I thought I was an expert, I changed my RRSP to a more aggressive portfolio... needless to say, I've lost some much of my retirement funds, it's not even funny. But Buffet says to hang in there and ride the wave, so that's what I'm doing. sadangel.gif

 


We're in the same boat....I lost 6K from my Pension Plan is 2 weeks period. furiousfuriousfuriousfurious

 



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TV Buff


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God wrote:

Have you checked lately your Investments, Pension Plan, RSP's ???

Mayday ! Mayday we're going down!



frustrated.gif Tell me about it. no.gif I don't know if you guys remember (or gave a s hit back then OR now), but I went through a fever of reading financial books (the wealthy barber, all Robert Kiyosaki and Warren Buffet books, etc). Anyway, because of my "extensive" research, I decided to start investing... very little, but investing nonetheless. Well, the MONTH that I started investing, Mutual Funds started going down. I check the friggin' thing every week ('cause of my OCD) and this past week it's been just awful!

Not only that, but because I thought I was an expert, I changed my RRSP to a more aggressive portfolio... needless to say, I've lost some much of my retirement funds, it's not even funny. But Buffet says to hang in there and ride the wave, so that's what I'm doing. sadangel.gif



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X4v13r


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caliche wrote:

I just bought Life Insurance... but i dont feel safer...

so wats this about RSP's?





just keep on buying them, tax season is just around the corner.

this thread suck without G0d replying to all the question.


~X



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caliche


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I just bought Life Insurance... but i dont feel safer...

so wats this about RSP's?

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confundida


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@god

DONT REMIND ME.....MY DAD IS SUCH IN A BITTE MOOD!!!

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Quixote


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It's been a rough week but it also makes for a great buying opportunity.

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Jaime Cruz


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No I haven't. What's going on? Please explain.

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God


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Have you checked lately your Investments, Pension Plan, RSP's ???

Mayday ! Mayday we're going down!

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