Investment Club..
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Let me also add my 2 cents to the discussion at hand.
Jumping to hasty conclusions based on incomplete information and heresay is the most dangerous stategy in investing. For every successful investor there are hundreds who have lost money.
A sucker is born every minute and two are born to rob him.
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Man's Best Friend 
Location: Western Hemisphere
Posted on: 11-01-06 11:43:27
Quote:
Orginally posted by YoursTruly
Let me also add my 2 cents to the discussion at hand.
Jumping to hasty conclusions based on incomplete information and heresay is the most dangerous stategy in investing. For every successful investor there are hundreds who have lost money.
A sucker is born every minute and two are born to rob him.
I don't really want to proclaim myself as a "sucker"
, but I did try my hand at individual stock trading between the years 1999 and 2002. Thankfully, I did it with a low amount to check out if stock trading was good for me. What I found was that I needed to monitor the stocks carefully in order to buy and sell to make profits, had to do a lot of research to find out good stocks to buy and sell, and had to keep track of all the paperwork for tax purporses in order to report short-term and long term capital gains along with dates bought and sold. For me, the above were too cumbersome.
For my taste, individual stock trading was not the right mode of investment. I eventually pulled out and put them all in mutual fund accounts and have been happy since.
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Dimple2001
Once again thanks to all for positive ideas and sharing your experience.
I agree that we have to be very careful in investing because it is our hard earned money and we don't want to loose.
You guys are lucky in Toronto to have access of ICICI bank so you can visit personally. I am from Alberta and we live in Ice desert. We don't have access to Indian Banks.
For some of guys to invest money is Canada is UTS Energy might be a good one for long term. I know they are developing a big one in Ft.Mc. So certainly it will be good in long run.
Let's keep up the tempo and we should not criticise any one in this loop. It we criticise then it becomes ugly at the end of the loop and spoil the interest.
Thank you Desi Raja for intiating this topic.
Location: God's own country
Posted on: 11-01-06 20:41:48
CD members!
Always buy penny stocks esp. Gold and Petroleum stocks (and that too immediately after they have made some discoveries). Hold on to that stocks for atleast 1 week and you will reap profits.
Eg:
Statacco gold (CAT)
Petrofilia petroleum (PDP)
Neveda Pacific gold (NPG)
Conocher oil (CLL)
Exall Resources (EXL)
P.S.-> These stocks are worthless to buy now as they have already reached their peak. You will have to buy once they have made big discoveries. you can follow this in
http://www.Allpennystocks.com" rel="nofollow">LINK
Also see the Toronto Star business section. Once you see that a stock price shoots up or it trades like hell , research why it is so. If they have made a discovery buy it.
The general trend is that once a stock shoots up this is the method of handling it.
A stock was trading normally at 20 cents.
you find that they have made some discoveries and it has suddenly shot up to 50 cent. (Never buy the stock at this time and the price will surely come down. if it is at 25 to 30 sent you can buy it with confidence).
in a week the price has come to 35 cent and it is starting to go up. (this is the right time to buy). soon it will shoot up to 65 cents. (you can sell it at this time b'cos it will come down slightly soon)
TK
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I am a Gents and not a Ladies.
Yours Truly
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And in order for an individual to open an online trading account, he must provide IDs to prove that he currently resides in India.
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Sorry your info. is wrong in this case, there are two types of accounts Resident where you need PAN no. and Non Resident. NRI will apply for Non Resident account linked to their NRE account and each penny is 100% repatriable, and the tax is deducted at source so you don't need to file a Tax return in India. You need to provide a proof of address as Non Resident not as resident.
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New Guy
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We can always do better!
Thank you very much correcting and I will see if can open account sitting here.
Regarding pennyshares it is a good LINK. ( Thank you).
With busy life here it is hard to get time to manage all these things!
Writing on behalf of my husband
He is very interested in joining the Investment club. His investment resume: Investment exposure to Indian stock market for over 15 years and Canadian mutual funds for the last 8 yeras. We are very much in favor of RRSPs. It is a fantastic vehicle for tax saving and retirement investment. He would like to share his knowledge of both Indian and canadian investment and would like to hear other people's experience.
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