How exactly do I buy a stock? I have 91k CAD, I want to put 15k or so in Exxon to hold for several years. I'll be putting the rest in a low MER US Index fund.
I'm 21. Inheritance for those wondering.
Go to a bank and Open a TFSA and an RRSP.
Contribute to both limits then buy the stock.
If you want to buy Exxon buy it in your RRSP because you will pay a withholding tax on the dividends in your TFSA.
>21
>wants to invest like a 60 year old
>exxon
>not buying tesla stocks
>>1630671
I'd do that.
I mean fuck it. How bad would it be if I put 15k into it. If I lost all this money I wouldn't be bothered.
Oil futures have been shorted by literally every hedge fund out to 20 years, why don't you just burn the money instead?
All about Alphabet as a nice bluechip, Goldman price target is just above $1000, its cycling around $780 right now, it's a good long hold. I've been in since $713.
If i was you i'd have a look at the miners rn, i'm up 90% approx since April in glencore, copper futures are picking up.
>>1630656
I think luxury retail could be interesting, like look at Coach Inc. Its probably got a 12% upside so its safe but has decent potential as I have a feeling like Christmas will be big as people made mad money in the markets recently and they will spend on nice new handbags, jewelry and watches.
TSLA is actually pretty good too I forgot it was just at 189 so that is probably a 20% upside but I worry Solarcity will be a albatross around its neck.
I also like MSFT because I think AAPL bombed so badly on its Macbooks they will get market share. I know MBP's got huge sales but they will get returns like a bitch, I don't think people are going to accept paying 2300-4000 for a laptop that can't even score an 8/10 on The Verge.com