All right, I've read through most of the messages in this section and I'm afraid I have to throw my story over a different angle.
My spouse and I were trapped in the rat race for long until we realized we had to change something. Long story short: we start paying off our debts.
Now we have only 1 left which is a line of credit, we rent out part of our house and all the rent goes towards the line of credit. We are paying into RRSP and RESP, refinanced mortgage and saved over $400/month, redid the insurances, etc.
Our bank account started to look healthy again in September of last year and we have set money apart for most of the big amounts that are going to come up next year like the sewer payment to town hall and that small stuff.
Now - and I like some good fundamental and honest feedback - I have $1,000 left. I know, don't laugh, but I want to try to invest this into stock through Questrade. I know. I know: you're probably thinking: a thousand bucks? But I have kept track of a few stocks on a trial account, I read up on the literature and in the trial account I did very well. I elaborated on this idea on a different forum and they declared me crazy and said I was gambling more than investing. The reason for these comments probably where because I explained that I bought and sold stock based on Stochastics. It worked fine for me, it was only small stuff, but I'm wondering why this is such a crazy idea. I don't want to be a day trader but I wouldn't mind making some money. So, if you are reading this, please shoot at me, I'm not a pro but I think I have some knowlegde. Let me know what you think.
My spouse and I were trapped in the rat race for long until we realized we had to change something. Long story short: we start paying off our debts.
Now we have only 1 left which is a line of credit, we rent out part of our house and all the rent goes towards the line of credit. We are paying into RRSP and RESP, refinanced mortgage and saved over $400/month, redid the insurances, etc.
Our bank account started to look healthy again in September of last year and we have set money apart for most of the big amounts that are going to come up next year like the sewer payment to town hall and that small stuff.
Now - and I like some good fundamental and honest feedback - I have $1,000 left. I know, don't laugh, but I want to try to invest this into stock through Questrade. I know. I know: you're probably thinking: a thousand bucks? But I have kept track of a few stocks on a trial account, I read up on the literature and in the trial account I did very well. I elaborated on this idea on a different forum and they declared me crazy and said I was gambling more than investing. The reason for these comments probably where because I explained that I bought and sold stock based on Stochastics. It worked fine for me, it was only small stuff, but I'm wondering why this is such a crazy idea. I don't want to be a day trader but I wouldn't mind making some money. So, if you are reading this, please shoot at me, I'm not a pro but I think I have some knowlegde. Let me know what you think.