Found out today that RBC has a cross border account ($40 a year after promotion) and one of its benefits are transferring currency without a transfer fee... Wouldn't we be able to abuse this to transfer Canadian funds to the purchase on the NYSE without paying the currency fee? Someone more knowledgeable wanna poke a hole in this. submitted by /u/axle2005 [visit reddit] [comments ..read more

Hi everyone, I am a fairly new investor with most of my holdings in XEQT. I am curious to know if I should also invest into XEC for more exposure into foreign markets. My understanding is that 66% of XEQT is from North American Markets and the rest are foreign markets. Or is XEQT enough diversification that I wouldn't need XEC? My goals are to have them remain in my TFSA for a long time. Any advice is welcome, and I appreciate it! submitted by /u/Yragial [visit reddit] [comments ..read more

Does anyone trade stock options here? I’ve seen some people trade options in their TFSA, but I’m wary of that because of tax implications. I was wondering if anyone does it in an unregistered account, and the advice when trading options. Thanks! submitted by /u/IHateTheRain- [visit reddit] [comments ..read more

Hi! I am aware this might be a very common request but I am new to the Canadian stock market and I want to start investing/trading in stocks and I want some tips on good broker, and what other things I should consider before starting this journey. I have heard a lot about wealthsimpl, yet I am not sure about it. I'd be grateful for reviews, honest opinions that would help me pick the right brokerage and begin my journey. Apart from broker suggestions, I appreciate any tip for new investors and traders. Thanks! submitted by /u/Pure-Violinist-9041 [visit reddit] [comments ..read more

I don’t have faith in simply holding money or assets in one institution, but I’ve seen on here a lot of people are against splitting the investments? Why? I invest using TD and Wealthsimple, with a 60-40 split with wealth simple holding more, I don’t have any fees other than the Td trading buy and sell, so I don’t have to worry about that. Could anyone provide insight into why? Thanks! submitted by /u/IHateTheRain- [visit reddit] [comments ..read more

How does the math on this work if it is at $50.16 now? Range from $50.00 to $50.16 from the begining to the end of the month. I get 4.68% to 4.66% when I do the calculation. What am I missing? submitted by /u/mararthonman59 [visit reddit] [comments ..read more

I have RRSP account I would like to hold either physical gold or gold certificates (That it's price equals one ounce of gold ) Not sure what is the right way of doing that Reason: Avoid inflation and devaluation of money Update Phys, XGD doesn't represent the actual gold price PAXG is no longer supported submitted by /u/subsevenman [visit reddit] [comments ..read more

submitted by /u/Puginator [visit reddit] [comments ..read more

For those that get periodic dividends in non-registered accounts, what do you normally do with the money in the account. Do you just reinvest in same stocks, withdraw it as cash? Reinvesting it is sorta annoying for Tax purposes because my Book cost would need to be recalculated and that gets annoying. Does anyone have suggestions? submitted by /u/jon_cli [visit reddit] [comments ..read more

Hi there ,I am 21(M), came here as an international student back in 2021 and working full time now. I started investing last month with tax return and savings of 2k in etf. My distribution are: VFV:50% ZQQ:25% XID: 12.5% ZID: 12.5% I can save around $250 a month and want to invest it in the same distribution as stated above every month. As the title says I want to save money for my post-graduation which I am planning to pursue after 3 years. Also, in any case I have a to go back to my hometown back as my plan depends on whether I will get study permit or not, Will I able to transfer my holdin ..read more