Do you know how is the stock's annualized 5 year return, shown on the value analyzer tab on the stock quote screen, computed ? Do we simply avoid buying a stock that has a negative return shown despite its historic rise in price ?
The 5 year annualized return is calculated this way: (current price/price 5 years ago)^(1/5) -1. Things get a little more complicated because the annualized return will also include dividends which are implied to be reinvested. An example you could use: You invest $1000 that has grown to $1200 in 5 years. (1200/1000)^(1/5) - 1 = 0.0371 which is a return of about 3.71% per year. As for avoiding a stock purchase, historical data should not be given too much weight. There are other metrics you should look at. For example, P/E Ratio, PEG Ratio, EPS, etc. I hope this answers your question. I don't invest in many individual stocks. I have found that index investing is simpler, less time consuming and has generally higher returns over the long term so most of my portfolio is set up that way.
Here is the link. I have set it so that anyone can have viewer access. Just click file>make a copy and you should be able to edit it to meet your needs. Let me know if it doesn't work: docs.google.com/spreadsheets/d/1sQ9rX5VtnP_bhuqYblrrzXTrNLGEDXNxgW_acZTAGMY/edit?usp=sharing
I have Wealth Simple, Neo and EQ and like them all but so far EQ has given me better interest rate options for my style of saving then the other two but as rates drop I think we are going to see the good things slowly but surely come to an end unless you are a premium ($100 000 plus customer) I remember when PC financial started way way back and it was higher rates lots of perks but all that came to an end too and many years before that my parents used too talk about perks of CIBC over RBC then it was Scotia bank and low and behold now all those banks are equally as costly to have with no perks in fact more fees. Not trying to be a Debbie Downer but that’s how the financial world works. But on the bright side we enjoy the benefits until that happens and some may get rich and in the future there will be other options that are new and better I’m sure.
That's a great call. Rates are falling and some banks have already started dropping their interest rates. GIC rates will also start dropping, so if you are looking at some safe short term investments, now's the time
To pay the Triangle Credit card, I check my balance on Canadian Tire Bank website: www.ctfs.com/content/dashpublic/en/login.html Once I know how much to pay I go to my bank and select "pay bill". Select "New payee". Find the Triangle Mastercard. Enter your account number. Once the card is set up, then you can pay the credit card off. I hope this helps. Let me know if you need further assistance
This vedio is really helpful i try to open practice account with questrade but my account is not open then i call to questrade customer service they told me there are not providing practice account service any more. Could you plz guide me right now we open practice account with questrade or not??? Thanks
Unfortunately, Questrade has discontinued their Practice Account. That is a big blow to me as I used it to teach all my students how to invest. In my opinion it was the best practice account and the easiest to access. They now offer a 1-on-1 demo instead. You can sign up for that here if you are interested: www.questrade.com/self-directed-investing/trading-platforms/edge/demo
Unfortunately, Questrade has discontinued their Practice Account. That is a big blow to me as I used it to teach all my students how to invest. In my opinion it was the best practice account and the easiest to access. They now offer a 1-on-1 demo instead. You can sign up for that here if you are interested: www.questrade.com/self-directed-investing/trading-platforms/edge/demo
Hi, thank you for making this video. Very helpful and clear. Is there a discord or a community where I can join to connect with other aspiring beginner traders? Please share if you know of any. I am having a hard time finding one. Thanks :)
Sorry, I'm not very involved in the social media world. Many of the RU-vidrs and Bloggers I follow are on an app called "Blossom" . It is an app that allows you to follow others investment journey. You can put in what you've invested in and see what others have invested in. You can ask questions etc. I haven't used it yet, Canadian In A T-Shirt has a great video on it: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-zFC7jBChno8.html
Great info and very timely as I am currently looking for a better solution than tangerine has been offering. My question is about accessing and handling cash. We don’t often need to use cash but how does Neo do this? Or would you recommend another system?
You can get the Neo Card that will be linked to your spending account. You can use it withdraw money from any ATM. There will be a $2.50 fee for doing so. Since you rarely need cash any more, you won't have to pay the fee too often I'm sure. However, I keep my tangerine account and use it as my main bank and chequing account (free withdraws from Scotiabank ATMs) and use Neo as my savings account. I honestly don't think I need to any more , but I guess it's a comfort thing :)
can students get this card ? don't we have to pay interest on the money that we used from Credit card from canadian tire ? How long does it take to get the card for the 1st time and use it for the first time ?( in days ) Waiting for the response !
Anyone 18 or older can get a credit card. The World Elite that I talk about in the video requires an annual income of $80,000. There is a regular Triangle MasterCard. You don't get the Roadside Assistance though, but you still get 4% back at the affiliated stores. You will have to pay interest if you don't pay off your credit card fully by the due date. If you make a purchase on the Jan 2 for example and your bill doesn't come in until the Jan 15 and your payment is due on Jan 28, you won't pay interest if you pay it off by the 28th. Please pay it off completely though, the interest rate is 20.99%. Once you apply and are approved to get the card, it generally arrives within 7-10 business days. Then you activate it online (or phone) and then you can use it immediately. I hope this helps
To "close" a position, do you mean sell it? If so, follow the same process as buying, but click on sell. Then use the "ask" price as a reference or simply select "market price" again and it will sell at the best current price. Is this what you meant?
thx for the intro to QT practice account. Are there any reporting features? I assume market research info is outside the scope of a practice account, but any basic reporting on Investment Summary, Asset Allocation, etc.?
There are no reporting features on the practice account. Only the one screen is available. I think the purpose was to get a person used to buying and selling stocks, bonds, ETFs, etc. It would be nice for a new user to see other aspects though
I'm upset because I have about $45,000 in debt between my mortgage and credit card, but I also have $32,000 in a small IRA, so I'm fine... especially with around $160,000 equity in my home.
Hiii, nice video with buying/selling details. Could you please make video on how to use candlestick chart for options in practice account. As, I have tried myself but unable to draw trend line and all. Moreover; if the lines are drawn then we are not able to save our markings on the chart. If possible please help me in this matter.
@anish3977 - For the trendline in a candlestick chart for stocks, type the stock symbol into the symbol lookup, then select "full feature chart", at the bottom, select "display", select "candlestick", then at the bottom again, select "drawings", then select "trend line". Click on a start point, then click on an end point. I do not trade options so I am unfamiliar with the layout. I could not find a way to do this with options after playing around with it for some time. Sorry.
It's nice to see the platform prior to transferring any money over. I have a self directed account with a bank and am considering going with Questrade. Thanks for sharing!
I totally agree. QTrade also has a practice account, but you can't "trade" on it, you can just explore. It's nice that you can actually practice trading on Questrade's practice account
Canadian tire world elite credit card is my main no fee card, it has pretty good earnings and in multiple stores (Ctire, marks, party city and the Ctire gas station) plus free road side that comes with a free oil change plus a coupons galore for auto services, plus I have discovered that Perkopolis actually has some pretty good benefits if you put the time in to look for them. The new Canadian tire select program can be worth the $90 a year as well IF you are a Crave user and do majority of your shopping at their partner stores. I earned double the cost of the program just by doing majority of my non grocery shopping at their store and keeping the weekly offers up to date. Plus it has other benefits and earning that are pretty average to good for grocery purchases and gas at non partner stations. I was a PC user until I learned how the loblaws companies are being so greedy with earnings and trying to pass off all the extra expense on customers and blaming inflation but yet have made record profits. Around here Metro and Safeways/Sobeys/ Freshco stores prices are more stable and actually stopped raising prices and offer much better and more regular deals. Plus they take any payment form.
I also have the Canadian Tire card and am planning to do a short video on it. The free roadside assistance alone makes it worth it! I hear you about the greed. I'm glad all the news stories came out about it and hope there will be some change and more affordability. We find that the No Frills here is significantly cheaper than Sobeys and Co-Op so we still go there. Metro also made $20.8 million more year over year as well so we are getting ripped off from everyone.
Hello, How do the T5’s work when filling from the savings account interest earned ? Does it have any effects in my overall taxes? (Thanks-great video!)
Yes, interest from a savings account is one of the least efficient tax strategies (but necessary for emergency accounts etc). The interest you collected gets included on your overall income. So if you are in the 30.5% income tax bracket, 30.5% of your interest you collected gets taxed.
