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What's a good online broker? (pg. 2)
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| ÖZmözis |
I wouldn't invest in ...
I call for a small economic depression soon... |
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| sweds00 |
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| exstasie |
| quote: | Originally posted by ÖZmözis
I wouldn't invest in ...
I call for a small economic depression soon... |
Thats the best time to invest for the future...well, during the recession period when prices are low... |
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| MarkT |
people saying "don't invest" clearly don't understand how the markets works, lol.
recession or boom...there are always good investment options.
first, you need to determine if you're looking for safe, short-term gains or if you're investing for long-term growth. Then you need to determine the level of risk you're willing to take.
talk to a financial advisor who can give you some solid advice based upon YOUR personal needs and goals ;) |
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| Vivid Boy |
| quote: | Originally posted by exstasie
So I think i've paid off most of credit cards and have some cash lying around that I need to invest.
Whats a good online broker to use?
I have a Scotia MaCleod account, but I don't like Scotia so I'm not going to use it anymore.
Is E*Trade any good? I walk by there building all the time and it looks pretty.
What do you guys use? |
invest ur money into me, how much u got? |
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| Vivid Boy |
| quote: | Originally posted by exstasie
So I think i've paid off most of credit cards and have some cash lying around that I need to invest.
Whats a good online broker to use?
I have a Scotia MaCleod account, but I don't like Scotia so I'm not going to use it anymore.
Is E*Trade any good? I walk by there building all the time and it looks pretty.
What do you guys use? |
invest ur money into me, how much u got? |
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| Dr Satan |
what are your goals and how much money are you playing with?
if you want to do option trading and won't have more then 1000 in ur account at a time go with interactive brokers. its something ridiculously cheap like $1 dollar a trade.
if you are long term and plan on holding these stocks for sometime, or plan on dumping lot of money into your account then go with etrade. its 20 dollars a trade i believe which is the cheapest regular rates. |
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| tvmann |
TD Waterhouse is good, used them for a long time. $10 trades if your account big enough. I don't trade very often so commissions aren't a big factor.
5 years ago they had some computer problems and it was hard to connect and get your trades through. But lately I'm impressed at how fast the trades can go through and the bid-ask spread is really good now compared to years ago when a single trade could cost hundreds of dollars in commish.
Sometimes I get tempted to switch to another brokerage but most of the ones you might consider, like Etrade, are operated by companies which are very shaky in comparision to TD. Like Etrade a few months ago looked like it would go under, same thing happened around 2001. Even if they did go under your account would likely be safe, but you can't get a more stable operation than TD and the other big Canadian banks.
Just be very careful about using margin leverage. It's great on the way up, extremely dangerous on the way down! I'd say don't use it until you've got some experience (years not weeks) and even then most people shouldn't use it. |
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| The Ear |
If you're an accredited investor, then you should probably talk to me.
Sounds like you're looking at buy & hold scenarios, but my co. only deals w/ accred.s.
PM me if you wanna know more.
Cheers.
and if you're serious about doing stocks, then check out invest tools.
All the data and trading info you can handle. I assure you.
Good luck. |
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| exstasie |
| quote: | Originally posted by tvmann
TD Waterhouse is good, used them for a long time. $10 trades if your account big enough. I don't trade very often so commissions aren't a big factor.
5 years ago they had some computer problems and it was hard to connect and get your trades through. But lately I'm impressed at how fast the trades can go through and the bid-ask spread is really good now compared to years ago when a single trade could cost hundreds of dollars in commish.
Sometimes I get tempted to switch to another brokerage but most of the ones you might consider, like Etrade, are operated by companies which are very shaky in comparision to TD. Like Etrade a few months ago looked like it would go under, same thing happened around 2001. Even if they did go under your account would likely be safe, but you can't get a more stable operation than TD and the other big Canadian banks.
Just be very careful about using margin leverage. It's great on the way up, extremely dangerous on the way down! I'd say don't use it until you've got some experience (years not weeks) and even then most people shouldn't use it. |
I was just thinking...
If you make trades at TD Waterhouse downtown in the at TD Centre, they are free aren't they?
Same with BMO Nesbitt Burns right in First Canadian?
Or am I just making this up? |
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| tvmann |
Free? Hmmm I never heard of that. I guess it's possible.
When you have an account at a brokerage, they have ways to make money off you besides commissions. They want to maximize the amount of money they have under management or deposit because eventually one way or another they will earn profits off it. So it's conceivable they might do a few things for "free". |
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| activate |
| quote: | Originally posted by English Rachel
Give it to me, I will invest it in my house for you.
Savings are , there will be another half point drop on base rate mid-April and I don't see the markets doing much better really.
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stocks go go up and down.. that's what they do... nothing that's happening now it out of the ordinary.
there's no such thing as a quick buck when you're investing. |
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