If you are a big contributor with a small portfolio and are keen (but not superkeen) to save costs then it might make sense to
start at a discount brokerage instead of at TD and then switching.
Not exact matches
If you do not have any investments yet,
start by opening an account
at a quality
discount brokerage.
And finally I
started, opened a
discount online
brokerage account, consolidated funds, and then
started buying stocks
at the end of 2010, and slowly through 2011 and 2012.
Only one
discount brokerage at the
start of the month extended an existing offer.
I also decided that I wanted to handle my own investing online using a
discount brokerage firm so I
starting looking
at my options: My current online
brokerage account (I had purchased Air Canada stock about 6 months before bankruptcy, but that story is for another time) was an option, but they charged $ 29 / trade and an annual RRSP account fee ($ 50 / year).
In this week's roundup, we
start by looking
at where
discount brokerages are stepping up their game 140 characters
at a time.
One problem with that method is that I suspect a lot of investors will set up the account
at TD but they won't switch to a
discount brokerage at the right time or
at all which means in the long run they will end up paying more fees compared to if they had just
started buying ETFs even when the account was fairly small.
[* Updated 4/15/14 *] There are noticeably fewer
discount brokerage deals & promotions
at the
start of April than
at the same time last month.
While a new website
at a Canadian
brokerage is noteworthy, many if not most of Canada's
discount brokerage websites are
starting to look and feel dated.
If you do not have any investments yet,
start by opening an account
at a quality
discount brokerage.
Certainly, mutual fund salespeople may not be inclined to recommend well - heeled clients
start buying ETFs
at a
discount brokerage.
With the
start of a new month it's time to take a look
at the deals and promotions being offered by Canada's
discount brokerages.
Someone just
starting with only $ 100 or $ 200 to invest is probably more focused on keeping costs low, because it's hard to get rich when you're paying $ 49.95
at a full - service
brokerage to invest $ 500 or $ 8.95
at a
discount brokerage to invest $ 100.
find ways to service what they need like: Offer Title Services
at a
discount Offer
brokerage service
Start a Retaining wall, fencing, irrigation company if your an engineer offer to take a second look
at some plans If your an architect do the same If you are an attorney offer some advice on contractual obligations If your an analyst, draw out some cash flows If your an accountant, offer to help, create JE's Adjustments, filing, etc..
After that, I recommend you
start a Roth individual retirement account
at a
discount brokerage firm.
Several years ago, the real estate industry
started to take a closer look
at a new kind of
discount real estate
brokerage that was making its way into the market.