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if you've got liquid to invest, who are you using? i'm thinking of leaving my current situation... basically useless at making low risk income, same goes with my last financial advisor. both appear to be fucking idiots. do i have to do everything myself? so far, the answer always seems to be 'yes'.

I lvoe doing everythinf myself, cost a shitload of time but you know what you get:D

Try a mutual fund that invests in a variety of industries. You can always choose to invest higher in certain areas, and forecasts for 2004 are really up from previous years (01-03) so the market should give you a good return as a whole this year (5-10%) likely, or more.

Unless you have the time and inclination I would have to agree with Daymare that a good mutual fund has alot of advantages and doesn't require your constant supervision. With the exception of that same time frame (01 - 03) my funds of choice over the past years have yielded gains of 12 to 18%.

On the same token I am not a great fan of the brokers because what makes them money is not always in your best interest.

And sometimes a good poker game would be the best invesment!

lol :) i have a full time advisor (my second) but i'm not happy. i don't want to deal myself, unless that's the only option.

bah.

I deal with Investors Group And i have had very good services as was as good returns. I Lost 20k in the stock market so i like the more conservative investment firms!

bump. i'm dealing with a private bank for investments, and i'm not happy.

Most people I know do it themselves. Sucks but that's everything eh?

fuck.

Quiet why do you think a guy who makes 50k a year knows how to make money? If he really knew what he was doing he wouldn't be working as a financial advisor for some bank. He would be out on his own, staking his own claim.

My suggestion, educate yourself on financial investments and make your own decisions with advise from other educated investors.

DH

i agree. however, i don't want to tie up all of my money in real estate and land. i'd lie to keep a couple mill semi-liquid. hence a top notch financial advisor.

Give Jim Lipsett a call down at BMO Nesbitt Burns. He runs a team(4-5) of advisors that pretty much cover everything; He's real good at tax minimization strategies. I believe the most junoir member has 12 years as a bond trader. The guy's a real straight shooter. I'll shoot you his number if you'd like.

hmm, i've dealt with bmo n.b. before. please shoot me a number if you don't mind though ultraquiet at mac dot com...

Thats the wrong advice sir. There is no hope in hell of the average joe or advisor being able to make the correct investment decisions with the information that is available to them. You can't compete with the knowledge or track record of people like Bob Krembil or Peter Cundill; people who have made money year in and year out.

Honestly, how many financial advisors are in the black after 5 years? a handful? Most end up losing money for their clients.

Trust me I used to work for the banks, most of the financial advisors are fucktards. There is the odd one that does know what they are doing and they end up leaving the bank for bigger and better things very quickly.

DH

I've had good returns in the past with CIBC Wood Gundy, gonna start using them again soon and see if they're still good.

I agree that a majority of the advisors don't know shit. I've worked as part of an investment team; number 2 in the company, top 20 in Canada. We had a special deal with a technical analysist who worked out of our office but ran his own company. This guy had called evey bull and bear for the past 30 years and had the documentation to back it up. The two men I mentioned above have years and years of researching and picking the companies who's stocks will outperform the others. The head of our team could call them up to find out what they were thinking and doing on a daily basis; average joe can't do this. If you take your time and research the advisors like you would a stock you should end up with someone at the top of the game.

:)