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Do you guys have any investments outside of the farm?

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    #21
    Have usually had some Canadian stock. Over the years have done the best on solid Can. companies like TD Bank, RBC, Encana, Atco, Potash Corp and almost sadly Bombardier(If govt, cuts off the money that one will tank). On average these companies have returned about triple bank rates.

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      #22
      Farmgal I invest in the stock market so I don't
      have to rely totally on the farm. I also do it
      because I enjoy it and I spend a lot of my free
      time looking at companies,financials,conference
      calls and other analysts. If you aren't as
      interested in stocks as iam then you should just
      invest in index funds.
      Index funds will basically give you the average
      return of the index ie(sp 500,dow30,tsx,etc).
      However you won't have a management fee so
      you will beat 98% of mutual funds on a given
      year.

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        #23
        Cotton your right it's allot like a reserve and one
        day the drug lord wants your home your done!

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          #24
          I have use RBC they helped my dad years back get started and then helped all us kids. We have only ever used RBC and am happy with them. Our trades are 9.95 per trade and have always worked perfectly, so have no reason to look elsewhere. You can also log onto their website and create what is called a practice account with 100 grand of pretend money. Works as if it is real money. My practice account is kicking ass. :-)

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            #25
            I guess you can make them practice accounts on any trading platform so try it and see how it works. I feel its adicting then again if all them guys that spend money on bingo and the slot machines and cigarretes would be investors our country would also be much better off.

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              #26
              Cotton your right it's allot like a reserve and one
              day the drug lord wants your home your done!

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                #27
                Farmland in AB has gone up 7% every year on average since 1964. Keep farming in AB but buying land in sask. Condos are great too, simple with some good renters.

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                  #28
                  Cool topic. Love off farm investing as I really
                  believe in not putting all your eggs in one basket.
                  Have a stock trading account, as others like
                  Canadian nat resource companies and related
                  businesses. Had a commodity trading account but
                  with my luck it was MF global. Would like to get
                  back into that as it was a great way to hedge your
                  pricing risk and take double advantage of rallies
                  or falls in the market. If anyone has a
                  recommendation of a replacment for MF left me
                  know. Cotten, your comment on shorting
                  VAncover ...reminds me of that fellow from Texas
                  that made a couple bucks on over-inflated
                  markets.

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                    #29
                    That is also something,i think it was Furrow,brought
                    up a while back that reivesting in yourself and farm is
                    a very good investment,which i agree with.

                    Especially since times are so good now.

                    Food for thought,in your lifetime you would have only
                    had to made 4 trades over the 4 asset classes in your
                    life to have been horribly successful.

                    commodities in the 70's
                    bonds in the early 80's
                    stock market 90's
                    relestate market late 90's early 00's

                    We are now back to commodities,and should be
                    cycling back to bonds but current forces,which is a
                    whole other story,are at work.

                    Personally i'm in ultra risky weird stuff which most
                    haven't heard of so i don't bother bringing it up
                    much,but my problem is that it is an addiction that
                    eats up considerable amounts of time.

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                      #30
                      Cotton you are absolutely right on about the
                      cycles of various sectors over the years.

                      But it isn't as simple as investing in a sector and
                      being successful. Hindsight is 20 - 20.

                      You talk about the bond market and the forces at
                      work right . It has always been tough to know
                      exactly where an investment should be made.

                      If it was easy everyone would be rich.

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