Who wants to manage my money????

[MJK]

I am a Nunavut resident and my money is currently with Canaccord (CCI). My buddy who was handling my money took a new position and now can't take me as a client becuase of where I live. Right now I have all my money in 3 stocks but will be looking to sell them all sometime in the future. I have a LRSP, RRSP and Tax Free account I think.

The last thing I want to do is put my money with a bank.

Any options out there?

What is my best bet?

[FurnaceFace]

Talk to Slava

[VladtheImpaler]

PM Slava.

[MJK]

Originally Posted by FurnaceFace

Talk to Slava

I already did and he is also unable to take me as a client becuase I am a Nunavut resident.

[VladtheImpaler]

Originally Posted by MJK

I already did and he is also unable to take me as a client becuase I am a Nunavut resident.

Try MoneyGuy - at least he should be able to point you to someone who can, if he can't...

[Slava]

Thanks guys for the quick reference and thinking of me. I can only deal with Alberta residents unfortunately.

[Knut]

I will !!!

I have a fool-proof method of gambling... Put it all on BLACK!!

[Sylvanfan]

Originally Posted by MJK

I am a Nunavut resident and my money is currently with Canaccord (CCI). My buddy who was handling my money took a new position and now can't take me as a client becuase of where I live. Right now I have all my money in 3 stocks but will be looking to sell them all sometime in the future. I have a LRSP, RRSP and Tax Free account I think.

The last thing I want to do is put my money with a bank.

Any options out there?

What is my best bet?

If you only have a stock based portfolio, you could opt for a self directed RRSP account. The shares can be transferred to those accounts and than you can decide what you're going to buy and sell. Just because you go to one of the banks brokerage houses, or E-Trade it's different than having the money with a bank. You can still buy stocks, bonds, mutual funds or whatever you want for a fee. In the financial trading business you'll always be paying fee's anyways.

[Super Nintendo Chalmers]

I'll manage your money.

First things first. Do you have a PayPal account?

[BlackEleven]

I've spoken to a few Nigerian Princes that manage my money for me and they will help you out no matter where you live!

[Draug]

I can recommend MoneyGuy ... he has been providing my family with financial services for a few years now and I have no complaints.

The best thing is that he listens to my reasoning, and takes it into the decision making process. If my reasoning is wrong, he explains why, so my reasoning actually changes ... every investment made is a 100% agreed upon course of action between him and I. I like that personal type of service.

[pepper24]

Your buddy has all your money in 3 stocks? Not great diversification and sounds risky. It might be a blessing in disquise that you are able to let go of this relationship as friends and move on with someone else.

[MoneyGuy]

Originally Posted by Draug

I can recommend MoneyGuy ... he has been providing my family with financial services for a few years now and I have no complaints.

The best thing is that he listens to my reasoning, and takes it into the decision making process. If my reasoning is wrong, he explains why, so my reasoning actually changes ... every investment made is a 100% agreed upon course of action between him and I. I like that personal type of service.

Thanks, bud. The cheque's on its way.

[flamesaresmokin]

First problem here - asking someone on a message board to help you with your money.....

[IliketoPuck]

There's quite a few smart investors on CP, so I think MJK isn't making a bad decision by reaching out.

If you can't procure the services of one of our resident guru's, I would suggest sitting down and writing out what your investment objectives are, and the risk you are willing to take to achieve them.

There are lots of ways to move towards your investment goal, but having a plan of where you currently are vs. where you want to be is a great first step. It will help you to hash out what the optimal portfolio of investments for your objectives are.

If you want some advice there are several CP members such as Slava and Moneyguy that have always posted smart investment advice on the boards. If you want to bounce some ideas off of me, I would be more than willing to help you out too.

Best of luck!

[calumniate]

I have some family and friends that are in with a guy. PM me if you like.

Or I can handle it for you. I'll put it all on the Flyers!!

[Slava]

Originally Posted by pepper24

Your buddy has all your money in 3 stocks? Not great diversification and sounds risky. It might be a blessing in disquise that you are able to let go of this relationship as friends and move on with someone else.

Not to derail this thread into an investment selection thread, but I disagree with this. If you know what you are buying and understand the investment you should bet heavy when the odds are in your favour. I think that the idea of buying a lot of companies that you barely understand in the name of diversity is a lot riskier.

[MJK]

I feel comfortable posting this on CP because I do know a lot of the members here and chat with many on a regular basis. There are no one I can turn to in Nunavut because there is just no one here! So I can either do this myself using RBC online OR I can try and find someone who knows more about it than I do to help. My options are limited because of where I live.

[IliketoPuck]

You could always wait for the market to go down and pick up a couple ETF's if you are really serious about diversification.

[Phaneuf3]

Originally Posted by Hesla

I will !!!

I have a fool-proof method of gambling... Put it all on BLACK!!

I disagree. Everything on RED!
Choose wisely, one of us can make you a pile of money.