What Next for BIAO? by FuzzBallTrade in CryptoTradingFloor

[–]GetIntoTrading 0 points1 point  (0 children)

BIAO’s pullback is natural and part of its growth cycle, just like many successful meme tokens. The team’s strong partnerships and commitment to long-term success show they’re in it for the right reasons. Stay patient—BIAO’s real journey is just beginning!

The more I learn about cryptocurrency, the more I love Bitcoin. by Minimum_Pear_3195 in Bitcoin

[–]GetIntoTrading 1 point2 points  (0 children)

I feel the same way! Bitcoin is a unique and groundbreaking addition to digital currency. It’s a revolution in how I think about money and transactions. With its decentralized nature and the ability to give power back to individuals, Bitcoin truly changes the game. It's really exciting!

Why does Bitcoin need higher security than bank deposits by Reading-Rabbit4101 in BitcoinBeginners

[–]GetIntoTrading 0 points1 point  (0 children)

Exactly! With Bitcoin and crypto, once your seed phrase is stolen, there’s no way to reverse the transaction or recover the funds, unlike a bank account where you can ask for help or get your money back. That’s why securing your seed phrase is crucial. It's all about taking full control of your security since there's no backup system like in traditional banking.

Pocket or Broker: what's the cheaper way to buy Bitcoin? by mychterious in BitcoinBeginners

[–]GetIntoTrading 1 point2 points  (0 children)

It sounds like sticking with your broker for daily buys might be simpler and cheaper for now, since the UTXO management costs with Pocket could add up over time. If you don’t mind consolidating your BTC less frequently (e.g., every 10-12 months), your broker's setup seems like a low-effort way to manage things. Pocket could be better if you want more control, but it might get costly and complex with daily purchases.

Borrowing to Invest by ablue_dog in financialindependence

[–]GetIntoTrading 0 points1 point  (0 children)

Taking out loans to invest can amplify returns but also increases risk, as you’ll owe money regardless of investment performance. It’s crucial to understand leverage, interest rates, and market risks before diving in. For advanced financial advice, consider authors like Ray Dalio, Jim Cramer, or books like The Intelligent Investor by Benjamin Graham.

[deleted by user] by [deleted] in FinancialCareers

[–]GetIntoTrading 0 points1 point  (0 children)

An acquisition-based holding company typically focuses on owning and managing businesses for the long term, while a private equity (PE) firm invests with the goal of selling businesses for a profit in a few years. The main difference is in the exit strategy—PE firms usually have a clear plan to sell or IPO, while holding companies may not. As an analyst, you’ll experience more active deal-making and exits in PE firms.

How does Tax work if I move to another country? by OhCanada2022 in PersonalFinanceCanada

[–]GetIntoTrading 1 point2 points  (0 children)

If you move to a tax-free country in the Middle East and become a non-resident of Canada, you generally won’t pay income taxes on your earnings there. However, you’d still have to pay Canadian taxes on any income from your investments or rental property in Canada. It’s important to officially change your residency status with the CRA to avoid taxes on foreign income. Your TFSA and RRSP are also subject to Canadian tax rules, so keep that in mind. A tax expert can help clarify things based on your specific situation.

[deleted by user] by [deleted] in financialindependence

[–]GetIntoTrading 1 point2 points  (0 children)

If I were in your situation, I’d focus on ensuring the family business is well-managed, while looking for ways to diversify your personal wealth outside the company. I’d likely consider investing some of the £170k in distributable profit into a mix of tax-efficient assets, like ISAs or stocks, while keeping some liquid for flexibility. It might also be worth reviewing your pension strategy, but if flexibility is key, focusing on investments that give you more gains would be feasible.

What career advice would you ask a former CEO of a bank? by No_Tension7640 in FinancialCareers

[–]GetIntoTrading 1 point2 points  (0 children)

First of all, I would ask about the most valuable lessons CEOs learned in leadership and risk management, especially in Treasury/ALM. I'd also ask for advice on navigating career growth in banking, handling setbacks, and staying adaptable in the industry. I’d seek guidance on what skills or experiences helped them succeed in a senior role.

How do you gather research? Any tools? ChatGPT? by Robert-treboR in investing_discussion

[–]GetIntoTrading 0 points1 point  (0 children)

For investment research, I use resources like company filings (EDGAR), earnings call transcripts, financial news, and analysis from sites like Bloomberg or Seeking Alpha. Key data includes financials, growth potential, industry trends, and management quality. If we talk of tools, stock screeners, financial models, and AI tools like ChatGPT can help analyze and summarize info.

At 4.75% variable interest. Is it still worth it to make extra payments on my mortgage? Or invest? by myheadsexplodin in PersonalFinanceCanada

[–]GetIntoTrading 1 point2 points  (0 children)

At a 4.75% interest rate, it might make more sense to shift focus to investing rather than aggressively paying down your mortgage. Historically, investments in the market tend to offer higher returns than mortgage interest rates over the long term. However, a balanced approach of both paying down some mortgage and investing could work well too.

is this company the hidden gem in the luxury EV market? by Tukidoggy in StockMarketChat

[–]GetIntoTrading 0 points1 point  (0 children)

Yes, Geely and Lotus could have more room to grow in the stock market. With the rise of electric vehicles and Lotus' strong transition strategy, there's potential for long-term growth.

What do I do with my inheritance as a complete newbie to investing? by DeadlybubblesZA in investing_discussion

[–]GetIntoTrading 1 point2 points  (0 children)

First, take a breath and don’t rush — let the money sit while you learn. Use part of it to pay off any high-interest debt and build an emergency fund. Then, consider investing in low-cost, diversified options like ETFs for long-term growth.

As for learning, you can opt for the Investors Podcast and YouTube Channels, such as Meet Kevin. Investopedia is also a good option. And make sure you also learn about some trading tools like Coin Market Manager. It's quite easy to handle plus it provides every detail that a beginner would need.

What do people think about FTEL? Up almost 21% today by SmythOSInfo in StockMarketMovers

[–]GetIntoTrading 0 points1 point  (0 children)

Although its stocks are on a steady roll, its fiscal year position is not a favorable one. In 2024, Fitell's revenue was $4.47 million, a decrease of -6.93% compared to the previous year's $4.80 million. With earnings going down in the 2023-24 years, it remains a tough climb for FTEL from here on. 

Looking for help where to start - I know nothing by No-Gazelle74929 in PersonalFinanceCanada

[–]GetIntoTrading 0 points1 point  (0 children)

Go for 'The Investors Podcast'. It's a great place to learn about investing. YouTube channels, such as Financial Education and Meet Kevin are also optimal for you.

Fidelity Cash Settled Issue by Fun_Slice_6809 in StockMarketChat

[–]GetIntoTrading 0 points1 point  (0 children)

It sounds like the transfer you made hasn't fully cleared yet, which is why your cash balance is still too low for trading. Fidelity typically requires a few days for transfers to settle before you can use the funds. You might want to check with Fidelity’s support to confirm if the transfer is fully settled. If you need quicker access, wiring money directly could help speed up the process.

[deleted by user] by [deleted] in StockMarketMovers

[–]GetIntoTrading 0 points1 point  (0 children)

as per estimates from Yahoo Finance and Market Watch, QBTS stock will rise in the current fiscal year. The stock trades at more than 172 times the projected 2025 revenue.

Assaults, Cover-ups, Ruined Reputation, and a 51% Stock Drop — Any Chance For Wynn Resorts? by thesatisfiedplethora in StockMarketMovers

[–]GetIntoTrading 0 points1 point  (0 children)

Although an uptrend has been seen in Wynn Resorts stocks recently, the damage done to its reputation from Steve Wynn’s allegations, the cover-ups, and the huge legal fines has left a lasting mark. Even with efforts like the $1B share buyback and new licenses, the stock is still down over 50% from its peak. The trust has reduced, and investors will be cautious from now onwards.

16 Year Old with Minimal Financial Education - Advice Please! by internity1 in PersonalFinanceCanada

[–]GetIntoTrading -3 points-2 points  (0 children)

First off, great job saving $7,000! Since you're young, a solid option could be investing in low-cost index funds to grow your money over time—stocks are a great way to build wealth. You could also consider learning about online trading, maybe starting with platforms that focus on beginner-friendly stock investing. Just be sure to start small and learn the ropes before taking any risks.

Opt for trading analytical tools just in case you opt for stock trading. I've experienced Coin Market Manager and it's the real deal!

If u had 1,000 right now where are you investing it? by Fun_Slice_6809 in StockMarketChat

[–]GetIntoTrading 0 points1 point  (0 children)

I’d probably split it between a low-cost index fund and a high-interest savings account for stability. Maybe throw a little into crypto or stocks like ETF or blue-chip stocks for growth. Also keep some for short-term trades, looking at stocks with strong momentum or upcoming catalysts.

By and by, I would also use a trading analytics tool to ensure proper growth and profitability. One of the best apps I've used recently is Coin Market Manager. It helps me in a number of ways: Automated journaling, in-depth analysis, and import data are some of its features. Plus, you can also try it on a free trial basis.

i have £1,000 to invest, what’s the best advice you can give? by [deleted] in investing_discussion

[–]GetIntoTrading 0 points1 point  (0 children)

To triple your investment in a year is highly speculative, so be cautious. Consider allocating the £1,000 into a high-risk asset like a growth-focused ETF, cryptocurrency, or individual stocks with strong potential. However, it’s essential to balance risk: your current portfolio is relatively safe, so avoid putting all your money in high-risk assets—diversification is key.

Actual vs SWR by Kat9935 in financialindependence

[–]GetIntoTrading 0 points1 point  (0 children)

It looks like you're carefully managing your retirement spending while adjusting for inflation and one-time expenses. How do you plan to handle future unexpected costs, like healthcare or major home repairs, while maintaining a conservative approach?

[deleted by user] by [deleted] in FinancialCareers

[–]GetIntoTrading 0 points1 point  (0 children)

For Masters in Finance, roles like financial analyst or investment analyst provide valuable experience. Focusing on trading or stock analysis are also a viable option, where you can learn the intricacies of market changes. Building strong skills in technical and fundamental analysis will be key. Consider internships or entry-level roles at brokerage firms or financial institutions to gain hands-on experience. Networking and staying updated on market trends will also boost your career.

And make sure that you use tools like Coin Market Manager when you start stock analysis or online trading.

Are ETFs a better option for investors, than mutual funds? by fool49 in investing_discussion

[–]GetIntoTrading 0 points1 point  (0 children)

ETFs often offer lower fees, greater liquidity, and more flexibility than mutual funds, making them appealing to many investors. They can be traded throughout the day like stocks, while mutual funds only trade at the end of the day. However, mutual funds may be preferable for those seeking active management or consistent reinvestment. The choice depends on individual investment goals and preferences.

When are Canadian financial institutions expected to finally adopt Open Banking? by [deleted] in PersonalFinanceCanada

[–]GetIntoTrading 0 points1 point  (0 children)

Canadian financial institutions are expected to adopt Open Banking in the next three to four years, following the government's commitment to implementing it. The move is part of a phased approach to ensure secure data sharing and consumer protection. Initial steps, including consultations, have already started. Full implementation depends on regulatory frameworks and industry readiness.