How can you invest in Canadian oil stocks?


Quick Answer

Investing in a Canadian oil company like Suncor or Imperial is just a matter of purchasing stock through a brokerage. This process can be accomplished either by calling in an order to an exchange or by dealing directly with a broker and making it clear that the stock to be pursued must involve Canadian oil.

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Full Answer

Investing is simple in its essentials. It may be complicated as a discipline, but it can be learned and engaged in by anyone.

  1. Set goals
  2. It is important to set out with goals in mind. Without goals it is easy to engage in diffused investing practices and to lose sight of initial aims.

  3. Plan a mix
  4. Diversification is an important part of any stock portfolio. Oil alone cannot sustain a truly robust venture into investing, and other ventures will be needed.

  5. Start investing
  6. It is crucial to invest only after plans are set. Choosing a mix of investments based on a set of goals is absolutely essential to guaranteeing vibrant performance. Choose favored oil companies and research them to find the best pick.

  7. Stay on track
  8. Do not treat the stock market like gambling. Set pull points and listen to them, and do not stray too far from initial goals. It is important to remain on target and not get greedy.

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