Investing Questions?

"sn4cktimes" (snacktimes) 11/10/2019 at 19:25 • Filed to: None

1

19

Now that our house is paid off, the wife and I are looking at starting to invest some money. We’d prefer to invest into companies that we “like” and that are also profitable. I’m a big fan of new emerging green tech like geothermal, wind or vehicle tech like Rivian, Rimac, VW/Hyundai getting on the battery train. I’m a big fan of ICE engines but I also can see what people are looking towards. And people my age and younger are leaned towards batteries. I’m a big fan of hydrogen, but not sure most of North America falls that way.

I’m also a HUGE fan of 7-11... not sure how to buy stock on the Nikkei yet

Wondering if anybody has any electric production, transmission or new usage companies I could be looking into. Rimac and Rivian are currently pre IPO investments, and I’m just starting to look into Climeon Geothermal. I’d also be game for commodities like Iridium, Lithium, Palladium, etc. Things related to the sector.

I’m open to hearing about anything that I should look into, that a reasonably “responsible” human could invest into. I’m a big fan of Northrop Grumman jets, but I don’t think I could invest in things made for blowing shit up and killing people as an investment. I come from a coal mining town, and work for an oil field related company, but I’d probably shy away from the old guard too.

Mutual funds, and bonds are okay too.

koawaft1 > sn4cktimes 11/10/2019 at 20:16

1

Have a core holding of some solid mutual funds and invest in those companies  on the side... If you qualify max out those Roth's with the funds then in the taxable account have your long shots. This has some tax benefits. If they lose you can write it off.  

My X-type is too a real Jaguar > sn4cktimes 11/10/2019 at 20:16

1

Buy more hoopties. Seriously I’ve played the stocks game since the late 90s, I’ve done OK. My friend bought and sold vacant land. He’s done very well. 

Chariotoflove > sn4cktimes 11/10/2019 at 20:46

6

Get yourself a vanguard account so you pay the least in  transaction fees. Then invest in funds. Don’t buy individual stocks. You’re not Warren Buffet. Go with a safer index fund, a growth fund, and a bond fund. That three pronged strategy is the best way to make sure you have decent retirement income a couple of decades down the road. 

facw > sn4cktimes 11/10/2019 at 20:48

1

So I’d recommend starting with some broad- based mutual funds (S&P 500 or similar) with low expense ratio s. I think T. Rowe and Fidelity have been advertising some 0 expense ratio funds (I think basically a loss leader to get you investing, though I haven’t tracked them deeply) , while Vanguard has been historically good in that area. Make sure you are maxing out your 401K and IRA (Roth or Traditional) before you worry about other investments.

If you want to be more targeted, there are Green Energy or Socially Responsible mutual funds and ETFs that you could invest in. Be aware though that sector specific funds are riskier than broad-based funds. Buying individual companies  stock is riskier still, though rewards can be greater as well. In generally, you probably shouldn’t assume that you are especially likely to price stocks better than people who do it full time for a living, so you are better off investing broadly and hoping for the rising tide lifts all boats scenario, rather than plowing all your money into a few stocks that you think will do well.

nermal > sn4cktimes 11/10/2019 at 20:49

0

Investing in stocks is like Fight Club, where the first ~10 rules are the same thing repeated for dramatic effect:

Don’t get emotionally attached to any stocks. Repeat that to yourself until it sticks in.

After that, everything is based on really two points, how much the company is worth now and how much it will be worth in the future. Buy stuff that you think is priced well and that will increase in company value over time. 

sn4cktimes > My X-type is too a real Jaguar 11/10/2019 at 22:32

0

I’ve thought of the land game. Living around Calgary it’s a bit tough to find desirable land for cheap that’ll sell better later. And BC has added a tax to make it harder for Albertans to own property in their province so that’s a tough too. We almost bought land around Mt Baker in Washing ton around 2008. I REALLY wish we could’ve got the coin together. Not out of the realm mind you, just more difficult. We’d likely make about $30 0 k profit if we sold our house today, which is pretty nice to know considering we’ve only lived here for 7 years and owned the house outright for about 1 of those.

Grindintosecond > sn4cktimes 11/11/2019 at 00:57

3

Index funds. Stock traders are schooled in it, have better software than you ever will, and are the guys who make the market happen and move. You will never beat them or the market long term unless you spend all your time doing it too. So invest in their index funds/ some mutuals and overall you'll profit as the market moves.

davesaddiction @ opposite-lock.com > Chariotoflove 11/11/2019 at 09:25

1

This.

davesaddiction @ opposite-lock.com > facw 11/11/2019 at 09:27

0

Always seemed to me like the smarter move would be to keep your investing pretty much apolitical and use your charitable giving to support causes you’re interested in.

facw > davesaddiction @ opposite-lock.com 11/11/2019 at 09:37

0

Quite possibly. The good news is that in theory everything you buy should priced approximately where a bunch of apolitical actors think it should be (there aren’t enough ethical investors to shift the market), so you shouldn’t be handicapping yourself too much, the main issue is just the additional risk associated with being less diversified.

davesaddiction @ opposite-lock.com > facw 11/11/2019 at 09:42

1

The buy price, sure. But you’d better be making decisions on what companies/industries are likely to succeed and not just ones you hope will succeed.

Sometimes it works out (like for any early TSLA disciples that got in heavy 7 years ago). Hopefully most of those folks have been smart enough to take some profits along the way.

Jayvincent > sn4cktimes 11/12/2019 at 00:31

0

I’ll agree with what’s already posted - pick an investment firm and go with some index funds. Two medium-high risk funds that have performed well for me this year :

T.Rowe Price TRBCX, YTD 21%, expense ratio 0.70

Harbor Capital HACAX, YTD +22%, expense ration 0.66

but investing now in a fund that rivals the S&P500 for the year goes against my buy low sell high philosophy (i.e.: those funds may have peaked and are ready to pull back for 1-3 months ) , so I’d look for related index funds which had a good 2018 performance but are under- performing the last 3-6 months. Low expense ratio (below 0.32) is a plus! Full disclosure: I’m not rich yet! and I moved the majority of my investments to safer funds when this impeachment talk got serious, because I’m a pessimist. Your mileage may vary, but the internet is your friend for doing the basic research.

sn4cktimes > Chariotoflove 11/12/2019 at 21:50

1

noted

sn4cktimes > facw 11/12/2019 at 21:51

1

Canadian so 401K and IRA are irrelevant to me. But also noted on the mutual funds.

sn4cktimes > Grindintosecond 11/12/2019 at 21:52

0

noted. I saw look into index funds

sn4cktimes > Jayvincent 11/12/2019 at 21:53

0

also noted thanks

sn4cktimes > koawaft1 11/12/2019 at 21:54

0

Canadian, so the Roth things won’t apply. But the overall sentiment here seems to be rocks some mutual funds. So I think we’ll likely focus there first.

Grindintosecond > sn4cktimes 11/13/2019 at 11:11

0

Also, I’m not sure whats offered where you work, but if employee stock purchase plans exist, consider jumping on that. Cap gains tax is 15% on long term holding, and employee stock purchasing is what my cousin did to retire. Bought whatever what the max per month was, every month, then sold some every month, 18 mos later, paying only 15%, but seeing a profit. using that money to buy the stock again and what was left over went into the index funds, so the pumping of the stock made free mutuals, indexes monies and it grew over 20 years. At 41 he punched out when he saw how much stock he had and the share price was big.

not much that was individual stock speculation and picking unless it was a no brainer old-person stock like something stable that pays big dividens.

imadick > sn4cktimes 11/24/2019 at 23:21

0

Have you maxed out your RRSP and TFSA contributions? Do that before trying to play the market.