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Renren Inc. Message Board

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  • ltbhdollars ltbhdollars Mar 4, 2005 8:33 PM Flag

    Hey Bud, got a Dollar?

    Eddie

    First and foremost, I am an anomoly on the RENN board ... not one single word in any of my post ever pretain to day traders, short term traders swing traders nor any other variety of trader.

    I am a long term income buy and hold investor (LTBH). Due to (IMO), all good income stocks being expensive coupled with the recent Canadian 15% WH invasion of IRAs and Roths, I have explored and and expanded my horizons to a few small "growth" companies.

    These new additons are still long term investments and not a "trading" situation. This is my bias, philosophy and approach. With those understandings clarified I will give you my views ... just not as a "regular trader in US".

    First, your broker choice is important. I use Ameritrade which offers two ways to buy Canadian stocks: online @10.99 unlimited number of shares via the 5 character OOTC symbol ending in F (for foreign) or for 29.99 for unlimited number of shares via phone broker assist.

    If the stock does not have a 5 character OOTC symbol (they must be requested by the company and I assume theres a cost) then it must be order via broker assist.

    Ameritrade awhile back switched online Canadian orders from NITE to Canaccord. This change was very beneficial for fill timeliness, spread and price. These orders are now routed exactly the SAME as when you use broker assist. Therefore only reason to use broker is for those without OOTC symbols.

    There are a multitude of information sources beginning with each stocks website, pay sites such as stockwatch and globe investor.

    With the WWW, google search, alta vista search, RSS ... its pretty hard to understand anyone, who is willing to spend the time and/or money, complaining of lack of info.

    I am now well over 40+ boards that I read multiple times each day plus 7 groups and a number of private sites. It takes time, concentrated effort and even the pain of wading through mindless garbage to find those few meanung pieces of information.

    I spend 12-16 hours a day reading and researching, usually including the weekend. I do not begin to cover the ground I would like. Now I could chose not to be "tied to the computer" but I am small potatoes compared to folks like Tug and others ... I must tend my garden faithfully for it to continue to grow and I need it to do so constantly as I started too late in life with too little.

    A personal observation (although many love TEI board), until several years ago the TEI board was an OK place, even earlier it was a very good place .. today its a place I might visit every four or five months and immediately discover my reason for no longer visiting remain valid.

    A side note that if you wish to follow the original TEI personality, Skelly and company is available from the Y groups without TEIs mindless blather.

    Apologies to Tug and others however, when someone tells me they are trading income stocks ... they have lost my attention, sorry its my personal predjudice. For me they belong right there with those that short same, its outside my realm of reasoning and definitely not my style.

    I happen to own Acclaim (ACNJF) and have since pre reverse split (a fair amountof time). I did recently pare my position unwilling to fund adding during the recent NFI take down. The stock is paying below my cutoff for a new position but will probably experience a jump mid year if/when its included in the new TSX trust index.

    NAL I have always wished to own as a solid company, just yields too little for me.

    None of this is probably what you wanted to hear but ain't no free lunch ... even tout sheets cost ya.

    Evening all
    LTBH

    PS If its of interest, all my holdings and buyin points are listed in previous points as well as rationale for the planned swaps I make. I attempt to not make recommendations but discuss my portfoilio and reasons for my actions. All under the guise as an income investor.

 
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