Play Canadian stock market?

Question

Does any one know how to get into self directed stocks in the canadian market with only $1000. to spend

Answer 1

You can probably find an ETF or mutual fund that covers Canada

Here's some other ideas

http://www.smartmoney.com/etf/?nav=dropTab

http://www.smartmoney.com/news/ON/index.cfm?story=ON-20061018-001272-2305

http://www.smartmoney.com/etf/etftickertracker/?nav=dropTab

http://ca.finance.yahoo.com/etf

http://finance.google.com/finance?cid=700263

http://www.bylo.org/ipus.html

http://www.etfconnect.com/select/fundPages/sectors.asp?MFID=3653

Here's a list of Canadian stocks
http://fxdd.com/trading_platforms.html

Answer 2

If you want the best diversification in one holding, buy SPY. This is an ETF (exchange-traded fund) that invests in all 500 companies of the S&P 500. It's a great start and will do better than 3/4ths of all other mutual funds or individual stocks you can pick over a 5-year period (according to the statistics). You MIGHT get lucky and pick one of those four. But... do you really want to take that chance?

Answer 3

Hi there,
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Cheers.

Answer 4

Simple. Go with index. With index, you can essentially buy the whole market with very limited capital.
You can purchase mutual fund index offered by your mutual funds broker or through your banks, or with more money you can also buy ETF with even lower MER.
The most popular index in Canada is called TSX 60, heavily weighted on commodity and banking sector.

Answer 5

If you have only 1000 to invest. I recommended you to trade forex.
Trade with mini account and learn the discipine on trading.

http://www.fxcm.com