So I finally got the wheels in motion for the TFSA - takes forever - so the account is open but now I'm waiting to sign the papers to start trading - next gotta figure out what I'm gonna buy - trades in my account cost $6.95 - anything more would eat into my thin margins.
As an aside I am 1 for 8 in roll up the rim.
Tuesday, February 22, 2011
Monday, February 14, 2011
Revelation
So I'm sitting listening to my wife's cousin talk about investing - he's talking about buying this stock, mutual funds etc. and I think I used to be that guy -what happened - ohh I got married, had kids and became chicken to do anything with my money that would sacrifice security for my family.
Now I'm changing that - I'm taking $1,000 putting it into an investment account and start creating freedom. I have only 3 rules - 1. Invest in companies that aren't in the 'vice' business alcohol, gambling etc., 2. If a stock falls below 20% of my purchase price sell 3. If it goes above 10% I sell - these are my rules so I can change since it is my 'game'.
Now I'm changing that - I'm taking $1,000 putting it into an investment account and start creating freedom. I have only 3 rules - 1. Invest in companies that aren't in the 'vice' business alcohol, gambling etc., 2. If a stock falls below 20% of my purchase price sell 3. If it goes above 10% I sell - these are my rules so I can change since it is my 'game'.
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