Starter stock recommendation?

By hgpark888, May 3, 2013

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Hello :)
My name is John and I am from Canada.
I have been greatly interested in stock investing and I have been keeping a simulation account for about 6 months in TSLA, BNS, SWY, MCD, INTC, SAND and few other stocks and it has performed relatively well.

And now, as I have recently graduated and started working I was able to save up and spend about $4000.00 to invest in stock market.

But contrary to spending cyber money on simulation account, I am very cautious about which stocks I should ”actually” start buying or look into.
I am leaning towards buying dividend stocks for first 2 years to establish some grounds first.
I have been keeping keen eyes on stock gumshoe and Travis is great! but, it would be great if I could gather some ideas from fellow investors as it would help young investor to start in a right way.

Currently, I have opened RRSP account through Questrade which is optimized for US Dividend Stocks.

Any advice for beginner investor would be greatly appreciated :)

Leave a Reply

9 Comments on " Starter stock recommendation?"


May 3, 2013 4:39 pm

Question do you know anything about stocks or are you just randomly picking them ?

May 6, 2013 6:01 pm
I would recommend reading everything free that Motley Fool has to offer. Great learning tool. You might want to learn about Exchange Traded Funds (ETF) also. They are a good way to diversify. Another great source of learning is DecisionMoose. He is a former undersecretary of the treasury under Reagan. He charges about $26 per year for analysis. For the last month or so, he has recommended staying in cash right now. I agree. I have been trading Forex and futures for about 5 years now. It is a great way to lose all of your money, but you can… Read more »
May 6, 2013 9:28 pm
Hi John. Bil Klb is right on just about everything he said in regards to motley and etf’s. I also read the IBD and implement it’s canslim philosophy. I like your ideas about investing in dividend paying stocks. I think its a great way to get paid for buying a well researched stock and if kept long enough, it’ll cut your cost of said stock while letting you build up cash via dividends. Too me It’s like getting paid twice. Once when you sell (hopefully you bought low and sold high) and everytime a dividend is paid out. I just… Read more »
May 7, 2013 6:50 am
John, I recently watched my Valero stock (VLO) get hammered with virtually the entire refinery/energy sector. I defy anyone to explain why! Markets are being manipulated by our Administration, especially the Fed and the mega-monopoly banks are pooling resources to push long and short positions, hedges and especially the values of gold and silver. In reality Europe is Bankrupt yet their World Bank leaders are leading our administration to disaster. With Socialism bastardizing the markets no sector is safe from graft and corruption. You have two choices for survival: Learn all the dirty tricks and get a massive education in… Read more »
Travis Johnson, Stock Gumshoe
May 7, 2013 11:38 am
In the short term, jolts and jumps happen — but Valero has doubled over the last year. That makes holders sensitive about bad news and eager to take some profits, even if the valuation is still quite reasonable (as it is for most refiners). Narrowing spreads — or at least fear of narrowing spreads — is given for the reasons that VLO has had an analyst downgrade or two. The market is crazy on any given day or week or month — there’s obviously a huge government interference in the form of interest rates, which are doing their level best… Read more »
May 7, 2013 5:48 pm

If you are interested in Dividend stocks check out the Dividend & Income section of Seeking Alpha. You’ll have to separate the wheat from the chaff but there are some excellent articles that go over what you should look for.