Opened a new RRSP Account – eTrade to Buy More Speculative Stocks
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Today I filled out all the online forms to open a new RSP account with eTrade Canada. For those US investors reading this site, an RSP is our tax deferred investment vehicle that the governments “let” us set up.
I opened this new account as I am going to do some investing in some more “speculative” stocks that are not offered through my RSP account with the CSA. These speculative investments will not make up more than 10% of my overall portfolio at any given time and my plan is that they will provide some additional juice to my portfolio gains.
The type of stocks that I am going to be looking for are those that don’t necessarily offer dividends but are considered to be more growth stocks with a high potential to shoot to the moon (in theory anyway). Most of my portfolio is made up of well established, consistent dividend increasers that will still make up the majority of my portfolio. I am not going to buy micro-stocks or stocks that I simply have a hunch about. I will complete the research on them and be totally comfortable buying them. This is NOT a gambling account and I am treating this as serious money – I will just be using a different strategy when buying these stocks than I do in my regular dividend paying RSP account. I think it will be fun and if all works out well, it should provide some additional spark to my returns.
2 Comments on this post
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smith said:
“Those darn resource stocks in Canada keep shooting the Canadian markets up, and my only true exposure is through Talisman Energy which has been doing well, but offset by a few of my other non-resource based companies. ”
I highly recommend reading these website for research, hope this helps.
http://www.stockbullz.com/
recommended signing up for weekly penny stock Newsletter
One Canadian Investor’s Opinions on Silver, Uranium and Resource Stock Investinghttp://www.resourcebullmarket.com/
current commentary on investment opportunities in energy and commoditieshttp://www.smartstox.com/
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http://23032.vws.magma.ca/pastpresenters.asp
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http://www.iradesso.com/i/IOR/pogcompanydir.html
Junior Oil & Gas Companies
list of oil and gas companies that meet the following criteria :
Primary business must be oil and gas exploration, development and production
Q2 2005 production between 500 and 15,000 barrels of oil
equivalent per day (boe/d)
A majority of their production from Western Canada
Publicly traded on the TSX or TSX Venture Exchangehttp://www.321energy.com/
oil, natural gas, solar wind, nuclear, coal, gasolinehttp://www.stockhouse.ca/
check out the forumCopper, zinc, uranium, oil (oil sand-Alberta Canada), coal, renewal energy is the best investment to go.
Oil sand and uranium is a no brainer-buy and holdCopper http://www.equinoxminerals.com/
going to production soon.
Zambia, Lumwana is one of the world’s largest undeveloped copper deposits=EQN.T, I got this at 0.50, now $1.87http://www.firestoneventures.com/s/Home.asp
Firestone Ventures Inc. (FV:TSX-V) is a Canadian company exploring a diverse and high-quality portfolio of mineral projects in western Canada and Guatemala. The Company’s holdings are focused on ZINC, GOLD, URANIUM and COPPER.
$0.13-now $0.78Uranium is HOT-top of the list to invest in http://stockbullz.com/uranium-stocks have a list of uranium stock you can take a look at.
Questions?
May 6th, 2006 at 3:46 pm -
Lloyd said:
I actually like Etrade…
However , since it has banking facilities attached to it – it makes a nice account for internet marketers such as myself – and I use it daily with Paypal – and I haven’t got round to using the investment side of it…
I got a kit which showed me the way to open an Etrade account See : http://www.easyusaccount.com , and showed me how to open a US Paypal account as well etc. Its been over a year and so far no problems – so Ill keep you posted if I run into any.
Is etrade the best service for stock trading if you are a foreigner? Or is there another service? I have seen several websites that have people who have had problems with etrade…
August 5th, 2007 at 4:06 pm
