What stocks to look up to?

[jesseps]

From what I heard from my father, I can only have 40% of my portfolio in other markets. So what companies should I look for here in Canada?

 

Only one I can think of is Bank of Montreal. I would put some in Bombardier but it will never go up, plus I am iffy on Bell and Rogers.

[Atze]

From what I heard from my father, I can only have 40% of my portfolio in other markets. So what companies should I look for here in Canada?

 

Only one I can think of is Bank of Montreal. I would put some in Bombardier but it will never go up, plus I am iffy on Bell and Rogers.

 

I am not sure, but I think the 40% your father refers to was the authorized allowance for out of Canada investments, which is no longer a rule.

 

I would be careful with Canadian banks and other Canadian financial institution, I think there might be surprises to come.

 

Bombardier is quite low right now, so you may considered it as a deal, but in the other hand, they don't pay a good dividend and it might not be the safest investment.

 

One stock that I have and that performed quite well lately is Metro-Richelieu (the grocery stores MRU.A) but maybe the stock is at at peak. I would also look at engineering companies, also maybe(or maybe not) there is good deals right now in energy companies. Here's what I have been slowly buying for 2 years, but I might need to review it eventually. Don't take my comments as a recommendation, I am far to be a good investor.

 

Bank of Montreal (BMO)

Banque Laurentienne (LB)

Boralex (BLX)

Jean Coutu (PJC.A)

Metro-Richelieu (MRU.A)

 

General Electric (GE) on the US market, but I lost a lot with that one. The only good thing is that I made my purchases when the $CAN was strong.

[cjb]

Le 40% référait au % d'actions étrangères que tu pouvais avoir dans un REER.

 

Je crois que cela n'est plus d'actualité.

[Malek]

Non le 40% à été enlevé il y a déjà quelques années. Il n'y a plus de limite maintenant en contenu étranger

 

Au plus haut de la crise mon portfolio a mangée une claque de 42%, là je suis à 38% de perte, ma femme était dans les 46%, là dans les 36%

 

Une chance qu'on est encore très jeune

[jesseps]

Non le 40% à été enlevé il y a déjà quelques années. Il n'y a plus de limite maintenant en contenu étranger

 

Au plus haut de la crise mon portfolio a mangée une claque de 42%, là je suis à 38% de perte, ma femme était dans les 46%, là dans les 36%

 

Une chance qu'on est encore très jeune

 

Awesome. Nice thing to know

[jesseps]

One thing if any of you have spare cash to burn, look into Citi, in one week the stock almost tripled , sucks that I didn't jump on it last week would have been nice making a small killing.

 

If all goes well with it, the stock can be 20x its original price in 10 years, thats what I figured out from looking at the stock market value of it on Google Finance, true the company could crash but I don't think the US government would let that happen.

[MTLskyline]

The Canadian bank to avoid is the CIBC. They are very poorly managed and stand to lose value.

 

My father holds RBC stocks which dropped but have since retaken most of their value.

 

You might also think of investing in big oil companies, as the price of oil is as low as its going to get (mark my words, by the end of the financial crisis we will be paying $1.50/L again).

[iamthewalrus]

ill invest in bmo and rbc....

 

rbc is at 39$ i think, and it normally should be at around 50$, its a great investment,

 

im lucky working in a financial institution , the company doubles the money i buy in stocks

 

its a great time to invest

[Malek]

buy local, buy BNC, Bombardier, SNC, ...

[cjb]

cjb's long term stock picks:

 

-TD Bank(TD) and Banque Nationale (BN) TD is a good value bank, Banque Nationale is a bit more cowboy but their stock could perform well

 

-Canadian Natural Ressources ( CNQ) one of the leading oil and gas producer, close to a 52 week low and will rebound with oil sooner or later

 

- Teck Cominco (TCK) a leading metal producer, the stock bottommed recently and it will bounce back

 

 

Also, for those of you who have 25,000 $ and more, and want to be creative with your investments:

 

Write put options, they are trading at record highs, and markets have probably bottomed. Suppose you write 2,000 contracts at 5$ each, you're in for a 10,000$ profit !!!

You bet that the stock won't go more down that the strike price, until the expiration ( I chose Jan 2009).

 

I have personnally written puts on Canadian Natural Ressources, and made a 2 day profit of nearly 80%.