Khuutra on 18 May 2010
| mrstickball said: @Khuurta - I wasn't suggesting that 89% in 2 years was sustainable. They are looking to return about 20% per year from now on. That is still well above most other ways you can invest, outside of being a venture capitalist. The average rate of return on CDs and other such safe investments are usually in the range of 2-4% which is barely above inflation... Find a good person to take care of your investments like I have, and you'll do well. |
Well, I guess I understand that, but I don't know what it's going to be like to invest in an American company from in Canada. I start from where I can.
Right now I'm going to buy stock in the Bank of Montreal and set up a DRiP and SPP - I'll pay money into it whenever I can, and let the dividends buy me more stocks. Seems like a pretty safe plan with BMO, and it doesn't require me to have anyone handle my money... yet. I will, though, when I have more money to invest.
