Weather excuse is a joke imo. Its just putting lipstick on a pig. Even the Oilers used the weather excuse this season to explain poor attendance. Had nothing to do with a bad hockey club according to management (at the time)
well I would never tie in the US economy to anything the oilers are doing, but we'll see when the numbers come out. It's also going to be bad news for the NHL and their cap if the US economy falls back into recession.
Most people fail at whatever they pursue in life. Doesn't make their pursuit a fools game.
I mostly do technicals. Penny stocks are over-rated IMO, story driven stuff doesn't appeal to me.
I look at most things but always trying to improve my knowledge of technical trading. Do you find success using the Fibonacci retracement or using the "golden ratio" of 68.1% ?
Spending time day trading when there's a massive chance you'll underperform the market is a fool's game. You could buy an S&P or total stock market index fund, do something else far more enjoyable or productive with all your spare time, and end up better off than the vast majority of day traders.
day trading and active investing often won't beat the S & P, if you aren't a pro and prefer to not be involved, buying index funds is a great way to go. I used to work for the Vanguard Group so I think very highly of them and the job they do. But I do this for a living so I don't want to pay someone to do something I think I can do better then they can. But for people that don't have the time to follow as imo it can take up a lot of time doing research, then index or ETF's are a good way to have your money work for you.
Idk if this has been mentioned yet, but novice investors/traders should be aware of the different tax implications (at least in the US. I'm assuming Canada is similar?) for long term gains and dividends versus short term gains.
yes, it's important to keep tax rates, inflation and trading costs in mind when looking at your gains.
Not my first rodeo; I have a 401(k) from a prior job I plan to roll into the IRA. Did have a question though: While the main focus of my portfolio will be ETFs (Broker has commission free ETFs), I do have a few individual stocks I'd like to add at some point. Should I be that concerned about the weight of certain holdings in the portfolio, or if I just buy what I know/love alongside the cornerstone ETFs?
It's impossible to say since I don't know your risk tolerance, but if you think you can handle a decent amount of risk then being a little overweight in stocks can help you grow your portfolio quicker assuming you pick the right ones of course. But if you don't feel you have a long time to be in the market to ride out the ups and downs then perhaps you should be underweight stocks.
Peter Lynch who was a famous Fund Manager at Fidelity often wrote in his books about buying what you know. I personally believe in it, it clearly worked out for him.
I did well with Dis and F, never owned coke cause I think the soda market at some point is going to get hit hard. Plus I took a beating on sodastream in the past, thought that they would sell well in the US.
Besides, as long as you are patient with your stocks (ie: not panic sell)...you should be ok in the long run.
