TSX – Daily Review and forecast by pleasantlifestyle.com

I have decided to stop the End of Day recap and the ahead of market forecast. Instead, I’ll combine these two into a single post, such as this one. This point’s primary only represent my personal point of view on the stock market.

Today, the Toronto Stocks have a pretty chilly day. It started off with a gigantic drop on almost every single sector aside from the Research In Motion, Molson-Coor and Cognos software, everyone else was in the red zone.

The leaders in the red zone are from the Financial Sector, with Bank of Montreal, and National Bank of Canada, closing with -0.89 and -0.90 respectively.

Others financial sector stocks have sort of a roller coaster ride too, but didn’t close at such a low point.

The market is hoping for another interest rate cut by the Fed, and I doubt the Canadian Government would sit idle this time. Considering if the U.S. is heading for a recession, then we’ll most likely be dragged along with it.

The first of the 3Qtr reports, wasn’t as high as wall street’s expectations. Yet it still is a 3 percent gain.

Tags: Bank of Montreal, com, End, forecast, National Bank of Canada, post, Research in Motion, sector, stock market, Toronto Stocks

Money Talks – The market is puzzling.

Hello,

This is actually my first post of this new addition of Money Talks. After a day of rest for the Canadian Economy, its thanks giving over here, the U.S. and World market have become a bit more puzzling then usual.

Two major concerns that might boost or bust the current market, the Third quarter earnings report and the UAW talks with Chrysler.

UAW just set Wednesday morning to be the deadline for a new Chrysler contract, if they fail to agree, we might be looking at a strike. If Strike were to occur, we in the North America surely knows that this would definitely be a blow to the economy as Auto Plants throughout the continent shuts due to lack of production parts. If they fail to strike, then we would see Chrysler stock price rocket like General Motor’s.

A second uncontrollable factor is the third quarter report that would becoming in starting Tuesday with aluminum producer Alcoa Inc. Obviously, after the Sub prime ‘interesting yet I hate it very much’ incident, everyone would expect the reports to reflect the levels of difficulty faced. However, this report would also provide insight into how companies would be doing in the forth quarter. As usual, if the reports are stronger then expected, the market would rocket, if it doesn’t, then we’ll most likely see a slow down if not a fall.

Tags: Alcoa Inc., Chrysler, Chrysler contract, economy, Money, Money Talks, post, Strike, UAW, World market

Steps to a pleasant life style

To live pleasantly, everyone have different opinions. Some may be working for a company they like, while others may say to not work at all.

I believe for anyone to live a pleasant lifestyle the very first step must be financial freedom. Once you achieve this step, then you can have a choice in life. You can work if you really want to work, and not because you have to.

However, to get to financial freedom, there are many paths,  I just came across this blog today by ‘Millionaire Mommy Next Door’. She, very kindly listed an ongoing list of steps to financial freedom. Her steps, after reading a few, seems very interesting and makes a lot of sense. However, I still prefer to make my money on just the stock market alone, simply because I don’t think I am Sales person material.

Tags: blog, choice, financial freedom, freedom, lifestyle, Millionaire, today

How to recognize a profitable stock.

In today’s world, it is difficult to not learn the trade of the stock markets. Some people might rather stick with Financial institutions and their mutual funds simply because they don’t believe they have all the skills needed to survive on the stock market. I was once like that, but I have decided to learn the trade.  This change was not sudden, I have suspected some very unfair numerical movement occurring with my former mutual fund provider. It seems that no matter how large a climb the market have, my monies hardly grow, yet when the market falls, my monies immediately fall. Since I don’t know what their portfolio is like, I was left with one choice, to stop my affiliation with them. So, I took my financial strategies back into my own hands and started learning the trade of the stock world.

My first problem was, how to pick a profitable stock? This is one of the major turn offs for new investors before buying any stocks, since most non-market investors would have absolutely no clue on what each stock does.

My point of advice is, if you don’t know a lot yet, buy stocks that are related to you or your trade.

For me, I am a software Developer by trade, so I have many stocks to choose from.  My first choice was Hewlett Packard.

Then the number started coming in, I purchased the stock around 40 dollars, excluding inflation or deflation, this is a hypothetical estimation where the stock price would not change from the day I purchased it to the day I sell it, just the dividend alone would yield close to 0.6% per year. that’s above the same growth rate my mutual fund was growing. Now if we remove the hypothetical limitation and I still hold the stock today, it is now worth about 50 dollars. Considering I brought it back around April this year, the growth is amazing!

So, I immediately devoted my life savings into this field, and got some really chilly spikes within the last few days. If you read my daily posts in the stock’s world, you’d noticed that the last few days have several reports that was almost stating we are already in a recession. However, this is a chance anyone must face. Even if you put your life savings in your bank account, there is a chance your bank would go bankrupt in the next recession.

Remark : To pick a profitable stock, pick stocks that are in your major field. Since for one to be as closely to a stock as possible, one must be in the same sector and field as the company that is issuing the stock. This is also because no one would buy stocks on a steak farm if he or she doesn’t eat beef.

Tags: chance, choice, mutual fund, mutual funds, recession, stock market, stock markets, stock price, today, trade

Agloco Join or no join?

After reading on several websites, my initial thrust of joining Agloco has collapsed.

One of the many factors was John Chow’s description and Angel’s point of view of Agloco. This brings back memories from when Alladvantage was still around.

I remember back in those days, I did get a few cheques from them, simply for surfing the web. A friend of mine talked me into joining alladvantage and used him as the referrer. To a high schooler, 50 or so USD for two to three months would be quite a lot, especially when all I did was turn the AllAdvantage bar on and browse around, or chat on IRC. Back then, Microsoft Comic Chat was still active so it was pretty fun, but dealt a great blow to my system resources. For those of you who have no idea what MS Comic Chat is, it is an IRC client, with users’s words typed into dialog bubble of a user specified comic character. Here is a wiki page on it.

But then I stopped after half a year. It seems the electricity bill that I was using to browse just for the view bar was actually costing me more then the money coming in. Since I usually can’t get people to join affiliate programs like these I was stuck to making all the hours on my own.

So, after remembering this experience, I’d rather spend more time building up this website rather then installing a tool bar and hope for the little money that some big company can spare easily.

An Extra note, I doubt that view bar is designed for Linux anyways.

Tags: Agloco, AllAdvantage, Chat, John Chow, Join, Microsoft Comic Chat, reading, thrust, view bar, web