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Long Term Stock/Investments

Posted on 6/2/17 at 11:03 pm
Posted by ruger35
Baton Rouge, LA
Member since Feb 2009
1594 posts
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.
This post was edited on 6/2/17 at 11:34 pm
Posted by breadtiger
new orleans
Member since Nov 2006
133 posts
Posted on 6/3/17 at 5:49 am to
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.


This post was edited on 6/3/17 at 5:53 am
Posted by bayoubengals88
LA
Member since Sep 2007
18996 posts
Posted on 6/3/17 at 10:40 am to
QQQ
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 6/3/17 at 11:04 am to
Look at Canadian banks.
Posted by TheWalrus
Member since Dec 2012
40740 posts
Posted on 6/3/17 at 7:48 pm to
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 by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/4/17 at 11:11 am to
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 by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 6/5/17 at 1:03 pm to
The news out of Qatar this morning might have an impact on your plans.
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