Stock Sale

[satellitedriver]

Yup, go back 2 years, and find a simular thread, where I posted and suggested to buy a Natural Gas Company on the Canadian Exchange with Canadian Dollars.

Do the math now :

US$75.00 would have gotten yourself C$100 worth of Canadian Natural Resources Shares.
2 Years ago they were trading just above C$15 per share (under US$12).
Today they are trading at US$45 per share. (C$41), but did have a current high of C$50 lately.

Basically your $75 investment would have quadupled in those 2 year - to over $300.
Or $1000 would be worth $4000 now, $10 K , now $40K - get the drift.

How well did those UPS shares make out for you ?
The rest of the world lost money on UPS shares, because the lousy $10 they went up, doesn;t make up for the currency loss.
(UPS shares at $57 2 years ago, would have costed C$ 71, now they are worth US$69 or C$67 ).

I forecasted the fall of the US dollar, and the rise with natural gas/oil stocks. Did even better as I thought , with a whopping 400% gain !

I also believe you watch Fox News. Do they tell you on that channel how great the economy is doing, and it's the best time to invest in the stockmarket ?
I don't want to offend you, but when you post on other threads how bad the economy is doing, and it's in a freefall, then don't be a hypocrite and post on another thread (this one), that everything is just fine and dandy, and hang in long-term.

You can only hope that whomever is in charge of the UPS Retirement Funds, does a better job in the markets, then just sit and stand idle on free-falling shares/funds and the stock market in general.

The secret of the market play is "BUY LOW - SELL HIGH". If you don't do that, you may end up like the retirees in the past 2 years, that were forced to sell low, and lost every single month or with every withdrawel they made.

The original poster of this thread, will be actually making a small profit selling those shares now.
I hope you can say the same thing, when it's time for you to cash them out !

You suggested, but did you invest any money in your own financial forecast?
I never posted that the economy is in a free fall.
Now lets get real world.
I bought into several "American", with American dollars, natural gas and pipeline companies 3yrs before you had your epiphany.
These company's have more than quadrupled and have paid an average 7.5% dividend every year..
Sorry that it took you 3yrs too late to gaze into the crystal ball of the future of natural gas.
The added bonus of these company's is that 90% of the dividend paid is tax free.
What a concept! Earnings that are totally tax free.
Tell me what income is tax free in Canada?
If you love researching threads, read the one of why I buy UPS stock.
I will save you the trouble.
It is a piggy bank stock for me and is totally separate from my retirement portfolio.
My intention is just to piss that money off at my leisure when I retire, just like you do at the height of your earning years.
I do watch Fox News. I also listen to NPR, Sirius "left wing"radio, Micheal Savage, Dr Dean ect... and subscribe to several financial news letters. For relaxation, I read at least one novel a week.
I may be only 7yrs older than you, Herr klein, but there is a reason my net finacial worth is much more than yours.
Granted, life lived can not be measured in money.

 

[klein]

3 years ago, eh ? Then you are just at the break-even point !
You bought into it, as oil & gas were at it's highest, before the recession. Yup, good going. I guess it's time for you to buy more of them now, too.

As for tax free, you as a foreign investor, buying Canadian or other foreign stocks thru an American broker, you are subject of paying the American taxes, if any, not those of the other countries !
I have Nasdaq mutual funds in US dollars for example. I don't pay capital gains taxes, (when selling), in the US !

Also, we have what is called a yearly allowance of $5000 to invest or save into a "TFSA" (Tax free Savings account).
You can invest all of it, and never pay taxes on any gains. If that money does happen to 10fold to $50.000, it's all yours to keep (NO TAXES, no capital gains taxes , either).
If you don't put $5000 away one year, it will add up to $10.000 for the following year, or $15 K in 3 years, and so on.
So, we always have room to invest tax free , or collect tax free interest.
Something you can't benefit as a foreign investor though, because you are subject to your American taxes, not our rules/tax system.

 

[moreluck]

Apparently the analysts differ from Special K's opinion.....they rated UPS "overweight". Check out meaning below.....

http://www.investopedia.com/terms/o/overweight.asp

 

[klein]

Well, More, yup, that they do !
It fell from $75 to $69 within the last few weeks.

That's just close to a 10% drop, not bad for being overweight !
Like you say, it's just on paper, so is money ! LOL

 

[satellitedriver]

Well, More, yup, that they do !
It fell from $75 to $69 within the last few weeks.

That's just close to a 10% drop, not bad for being overweight !
Like you say, it's just on paper, so is money ! LOL

Cool, even at that price my UPS piggy bank stock is still worth more than your entire life's savings.
Guru of the North, you gaze only upon the immediate.

 

[SignificantOwner]

Apparently the analysts differ from Special K's opinion.....they rated UPS "overweight". Check out meaning below.....

http://www.investopedia.com/terms/o/overweight.asp

My analysis of analysts is a big ol' who cares. It boggles the mind that people are still listening to the ratings agencies and analysts that either lied about what they knew or missed the troubles of the last few years. I'd rather hear from "Special K."

 

[moreluck]

buys & sells...........
http://seekingalpha.com/article/274...uys-and-sells-of-dmitry-balyasny?source=yahoo

 

[klein]

I won't even look at your link Moreluck.
I'm with Signifcant Owner on this one.

Those stock analyst from Goldman Sachs, TD Waterhouse, Schwabs, etc, they will promote stocks after they buy them so they can gain the millions or billions from the ordinary people.
They will even promote them while they sell them like GS did with the housing funds.

To make the big profits, you need to buy stocks before they get promoted, period !

 

[moreluck]

 

[klein]

I like the strawberry kind, More....

 

[SignificantOwner]

buys & sells...........
http://seekingalpha.com/article/274...uys-and-sells-of-dmitry-balyasny?source=yahoo

68.50 today - need to update their chart.

All the "conviction buyers" should be adding like crazy now.

 

[Re-Raise]

Those stock analyst from Goldman Sachs, TD Waterhouse, Schwabs, etc, they will promote stocks after they buy them so they can gain the millions or billions from the ordinary people.
They will even promote them while they sell them like GS did with the housing funds.

To make the big profits, you need to buy stocks before they get promoted, period !

At 9 a.m. on June 11, 2011 I actually agreed with a post by Klein on the Browncafe. The future of Canadian and U.S. relations is looking slightly brighter..

 

[themidnightoil]

sell it and buy AMRN....

 

[satellitedriver]

To make the big profits, you need to buy stocks before they get promoted, period !

Wow!!!!!!!!!!!
Thanks for that wisdom, guru of the north.
Most of us are idiots who take things on face value and are lead around by the nose.
I just have one question.
Why are you losing net worth, while others- ( read as me)- are increasing theirs?
To answer my own question;
I work.
I save.
I read.
I invest.
The "big" profits are made overtime, not the penny stock that makes 400% in a short period.

 

[klein]

That's good for you. I didn't have to do anything as houseprices climbed to record highs here. Gained 100K in 1 year doing nothing !
Will earn 10K profit in 4 days at the outdoor concert, and have already another 1 set up for 2 weeks later.

8 days work should pay my bills and living for the entire year, and whatever else I earn is just a bonus

 

[moreluck]

That's good for you. I didn't have to do anything as houseprices climbed to record highs here. Gained 100K in 1 year doing nothing !
Will earn 10K profit in 4 days at the outdoor concert, and have already another 1 set up for 2 weeks later.

8 days work should pay my bills and living for the entire year, and whatever else I earn is just a bonus

Your house value increasing $100K is not in your pocket unless you sell your house. I don't even want to mention if any of your hot dog customers get sick and decide to blame you, you can be tied up in court for a long time and that'll drain any profit. People are so litigious these days and money grubbing fools so they'll scam you. Some weirdo could slip a nail in a hot dog and scream "you broke my tooth"!

 

[klein]

Your house value increasing $100K is not in your pocket unless you sell your house. I don't even want to mention if any of your hot dog customers get sick and decide to blame you, you can be tied up in court for a long time and that'll drain any profit. People are so litigious these days and money grubbing fools so they'll scam you. Some weirdo could slip a nail in a hot dog and scream "you broke my tooth"!

That's why a $2 MIllion liabilty insurance is required. Besides all hotdogs come pre-packaged and it probably would be the manufacter's fault.
There is a government food inspector onsite, so that kind of covers my butt, too.

If I only sell my $1000 stash of softdrinks, that's $10.000 in sales alone.
I got the 710ml bottles really cheap at 20 cents/piece, selling them at $2.00 each, and that's not even asking much, since 7/11 stores sell them for more !
Hotdogs are roughly 10 times the mark-up, too. I'll do fine

And, I'm not worried of house prices sinking, and I will sell it one day, probably within the next 5 years.
Kiss this city good-bye and move somewhere where house prices are much cheaper.

 

[moreluck]

That's why a $2 MIllion liabilty insurance is required. Besides all hotdogs come pre-packaged and it probably would be the manufacter's fault.
There is a government food inspector onsite, so that kind of covers my butt, too.

If I only sell my $1000 stash of softdrinks, that's $10.000 in sales alone.
I got the 710ml bottles really cheap at 20 cents/piece, selling them at $2.00 each, and that's not even asking much, since 7/11 stores sell them for more !
Hotdogs are roughly 10 times the mark-up, too. I'll do fine

And, I'm not worried of house prices sinking, and I will sell it one day, probably within the next 5 years.
Kiss this city good-bye and move somewhere where house prices are much cheaper.

Deep in the woods with no cable access!

 

[Jack4343]

I need to sale some stock. I don't have 100 available shares. Some older threads say you have to convert them some say you don't Which one is it. Thanks for the info

You have to convert them. I sold about 60 shares a couple of years ago. You will have to fill out forms selecting which stock certificates you want to convert then sell. It takes about 2 weeks total. If you had 100 shares available, all it would be is a phone call and you could have to money sent directly to your banking account. I needed the cash badly at the time or else I wouldn't have gone through all the trouble. Good luck!

 

[Re-Raise]

That's why a $2 MIllion liabilty insurance is required. Besides all hotdogs come pre-packaged and it probably would be the manufacter's fault.
There is a government food inspector onsite, so that kind of covers my butt, too.

If I only sell my $1000 stash of softdrinks, that's $10.000 in sales alone.
I got the 710ml bottles really cheap at 20 cents/piece, selling them at $2.00 each, and that's not even asking much, since 7/11 stores sell them for more !
Hotdogs are roughly 10 times the mark-up, too. I'll do fine

And, I'm not worried of house prices sinking, and I will sell it one day, probably within the next 5 years.
Kiss this city good-bye and move somewhere where house prices are much cheaper.

Wow . No wonder all the smartest people seem to be working at the carnivals.