Phyalow wrote:Your not going to make much money off buying bonds in the short to medium term, due to incredibly low interest rates paid as coupon payments paid out over the life of a bond with the principle paid out at the end. You could try bond trading using a web platform but again, the market movements at the moment mean this isnt worthwile and the amount of capital to get started is probably way to much (even at a margin) to produce decent results.
If I was you I would definantly look into marginalised foreign exchange or commodity trading using a , but only start playing with real money after you have read a shit tonne of books and learnt how to do analysis on potential trades. (Use a practice account for 6Months) You can loose (alot) more money than you put in.
Also start reading websites like:
dealbook.nytimes.com
bloomberg.com
ft.com
+1. Right now the prime interest rate here is so low, it actually makes below what inflation is expected to be (from what I've heard).
First off, look at what kinds of investments you can get, tax free. You can use them as a write off, which will get you more money you can invest. Common ones are RRSPs, Tax Free Savings Accounts, and if you've got a kid an RESP.
From what I've gathered, your best bet in making decent money is the stock market/mutual funds. Even though it's volatile now, historically it has increased in value over time. The advice people invariably give is... do high risk investments when you're young and have time before you're going to retire. Then as you get older, slowly switch them into more stable but lower yielding investments. That way you're playing with your money early on. If you lose half of it when you're 30, it's not as big a deal as if you lose half of it when you're 65.