Hi,I live in Toronto, Canada and I am in grade 12. I want to start investing in the stock market. I was think of investing in Index funds but I am not sure which one. (US or Canada) (large cap or Small Cap)I have about $2000 I want to invest for the long term (20-30 years). What do you think would be best? Also I am think of investing $25 monthly for now. Along with my first investment of $2000.Also which is best place to buy the index fund from? I was think of buy it from Td's e funds because of the low mer.ThanksMatthew
Hi Matthew,Welcome to the Motley Fool, and congratulations on your decision to start investing at your age.I'm sure you'll get lots of different advice. I think, considering your time horizon (20-30) years, you could do far worse than just "buying the bank". The TD is a good bank, it has a lot of potential. It also pays a dividend. That may not sound like much, but if you get your broker to re-invest your dividends in more TD stock, plus adding $25. per month, you will be amazed at how many shares you'll own in 30 years. Before you buy anything, read as much as you can about the company. Be prepared to argue why you picked a stock. And never take anyone's advice on how to invest. Just use advice as a starting place for research. (Investors call it 'due dilligence'). Money you invest should stay invested for several years, don't invest money you might need in the next year or two. Be sure to keep some money in a savings account for unexpected needs.Now, on with your investing education. This particular board is very quiet, but you'll find a lot of really smart and interesting Canadians over at the Canada General board.Just follow this link, and ask your question over there. I'm sure you'll get a lot of answers.http://boards.fool.com/Messages.asp?mid=21856768&bid=100170Happy Investing, Matthew-Harry
Harry,How would you go about buy the stock through a broker or a drip?
Gitterm wrote: Harry,How would you go about buy the stock through a broker or a drip? Drip
Perhaps you might want to consider Scotiabank's Canadian Dividend Fund. Historical performance is very good and it pays a dividend that you can instruct Scotiabank to reinvest into the fund or pay out to you as cash. I'm sure other banks have similar offerings, but I use Scotia so it's the one I know about. I hold a position in this fund and I am quite happy with it.
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