Skip to main content

Reply to "More BLACK GOLD Found."

Prashad posted:
Billy Ram Balgobin posted:
Django posted:
Billy Ram Balgobin posted:

Buy oil stocks now. They are beaten down.  Energy price will rise again. 

Billy,

Real Estate fuh me bhai,No stocks,I invested one time lost half of my investment.

REIT or Rental properties?? Individual stocks are risky.  You should not risk more than 3% of investments in stocks. 

I agree with Billy Ram but it depends on the price of the REIT. I picked up invest REIT dirt cheap a few years ago because they had some good holdings in the Canadian hotel market and I waited for years until some Chinese bought them out recently. Look for a REIT that is diversified or dominate their sector. at a good price. If I get CREIT at 19 dollars a share then I am buying.

 

I tried online trading many years ago and paid a heavy price. It hurts me up until this day. The first two weeks of online trading I made $3,000 trading Walmart.  I then got greedy and went for the high flying tech and internet stocks. As the prices kept falling I kept holding on for it to come back up.  I sold those that were going up.  I was naive about investing.  You cut your losses on a stock that is falling and hold or partially sell a stock that's rising.  The market will beat you faster than you think.  It's best to go with an index fund if you are not very sure of a company's stock.  If you invest less than 5% in stocks you can guarantee your losses will be limited to that amount of your portfolio should all of your stocks go to the bottom.  I heard some Guyanese in the US lost alot of money in the CGX some years ago.  

Billy Ram Balgobin
Last edited by Billy Ram Balgobin
×
×
×
×
×
×