- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Long Term Stock/Investments
Posted on 6/2/17 at 11:03 pm
Posted on 6/2/17 at 11:03 pm
I am looking to start building a long term stock portfolio with my ESPP. Currently I put in 10% and my company puts 5%. Our products are somewhat tied to crude oil prices besides our market demand. The higher the crude oil prices, the better we look as an alternative feed stock instead of crude.
Our headquarters are based in Canada, so I have to sell and then convert currency to USD every time I initiate a transaction. Since crude oil is projected to be down for the next 6-8 quarters, my thoughts were to sell my company stock once a month and deposit into my personal stock account and begin accumulating stock that has a real long term outlook. Possibly shares of Google/Alphabet, maybe Amazon, and a defense stock I have been looking is Raytheon. Also thought about going Index Funds or the dividend route, but I am not against selling stocks to make good gains while I am still young. with this money as I have a Robinhood account that I play with in regards to stock trading.
Does anyone have any suggestions on stocks or other avenues to invest these funds? If it helps, total contributions to this account are around 10k USD/year. If any other info is needed to make a suggestion please ask.
Our headquarters are based in Canada, so I have to sell and then convert currency to USD every time I initiate a transaction. Since crude oil is projected to be down for the next 6-8 quarters, my thoughts were to sell my company stock once a month and deposit into my personal stock account and begin accumulating stock that has a real long term outlook. Possibly shares of Google/Alphabet, maybe Amazon, and a defense stock I have been looking is Raytheon. Also thought about going Index Funds or the dividend route, but I am not against selling stocks to make good gains while I am still young. with this money as I have a Robinhood account that I play with in regards to stock trading.
Does anyone have any suggestions on stocks or other avenues to invest these funds? If it helps, total contributions to this account are around 10k USD/year. If any other info is needed to make a suggestion please ask.
This post was edited on 6/2/17 at 11:34 pm
6
Posted on 6/3/17 at 5:49 am to ruger35
I've got great news for you. You should look into Brookfield Asset Management; they are a Canadian Conglomerate.
Brookfield Asset Management
They use the cash flow they generate from real asserts (toll way, ports, telecom, high valued office buildings, rail roads) and further invest in similar things (think necessary consumer goods)
I do not currently have a position, but i plan getting in next week.
Brookfield Asset Management
They use the cash flow they generate from real asserts (toll way, ports, telecom, high valued office buildings, rail roads) and further invest in similar things (think necessary consumer goods)
I do not currently have a position, but i plan getting in next week.
This post was edited on 6/3/17 at 5:53 am
Posted on 6/3/17 at 10:40 am to ruger35
QQQ
Posted on 6/3/17 at 11:04 am to ruger35
Look at Canadian banks.
Posted on 6/3/17 at 1:33 pm to leoj
Would you guys still feel the same if I told you I can not buy and sell within the account? Once I decide to sell my shares, they must be withdrawn and transferred out of the account.
Posted on 6/3/17 at 7:48 pm to ruger35
I have a buy one get one share free up to 200 bucks a month for my company, but we are a diverse global corporation, so I feel pretty comfortable. 10% of your income on this for a half match in an alternative fuel source is extremely risky, especially if you have no other savings. I put 6% of my income matched half in a low cost index fund.
This post was edited on 6/3/17 at 7:49 pm
Posted on 6/3/17 at 8:43 pm to TheWalrus
quote:
I have a buy one get one share free up to 200 bucks a month for my company, but we are a diverse global corporation, so I feel pretty comfortable. 10% of your income on this for a half match in an alternative fuel source is extremely risky, especially if you have no other savings. I put 6% of my income matched half in a low cost index fund.
I have a Discover savings account that pays 1%, currently I put about 20-25% of my net pay in each check. My company gives us 10% of our base salary for our 401k. Just opened a roth IRA which I will max out each year. So these choices were as a total portfolio builder, not something that I am relying on unless some type of dire emergency happened and I depleted all of my other funds.
We were displaced during the flood and currently saving to buy/begin building our next home in November/December so it will be complete once my wife graduates next May. So the savings will probably be used for the down payment, but the extra stock and personal TD Ameritrade account or for more long term wealth growth.
Posted on 6/3/17 at 8:45 pm to breadtiger
quote:
I've got great news for you. You should look into Brookfield Asset Management; they are a Canadian Conglomerate.
Brookfield Asset Management
They use the cash flow they generate from real asserts (toll way, ports, telecom, high valued office buildings, rail roads) and further invest in similar things (think necessary consumer goods)
I do not currently have a position, but i plan getting in next week.
Thanks for the advice, began looking into this and I think I am going to invest in the BEP. Renewable energy is the wave of the future, plus with a 6% dividend can't be beat. May also invest in the BIP.
Posted on 6/4/17 at 9:28 am to ruger35
Yes. Canadian banks didn't cut their dividends during the Great Recession, just put them on hold. A few of them are actually very diversified with their business both economically and geographically. I have my eyes on BNS mainly right now. Waiting to put it on my Roth IRA so I don't get hit with the 15% withholding on the dividends
Posted on 6/4/17 at 10:18 am to leoj
I own ACAZF which is partially owned/managed by BAM. I look at BAM but I always find it pricey. If you can stand blood in the streets value plays look at CF, MOS, and POT. Potash and rock phosphate mining are in very concentrated hands. Right now agri is very depressed but the cycle will turn. Good luck to ya.
Posted on 6/4/17 at 11:11 am to ruger35
My employer is also Canadian and has an ESPP. Every year or so I sell whatever is subject to long-term capital gains and have them send me a check, which I then toss into my longer-term portfolio of index funds.
Posted on 6/4/17 at 4:05 pm to ruger35
If you read about there corporate infrastructure when you invest in BAM you are getting like 30% of each subsidiary. Might be a better way to limit your risk. I know the dividend is a paltry aprox 1.4% but they can easily scale that if they want to.
Posted on 6/5/17 at 1:03 pm to ruger35
The news out of Qatar this morning might have an impact on your plans.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News