Company to use to personally invest

Mfg Eng said:
Or make us. Everything is cyclical including the value of the CAD. There will come a day when the CAD breaks $0.93 USD at which time I will make a pile of financial moves during the short window the value is so high then when the dollar flips a series of leverage moves again to get the money back into CAD from USD. It's almost free money however it takes money to earn money. Last time this happened I just purchased my first house so I had nothing so when it happens again I need to take advantage of the occurrence.

For me I won't use anything online for this. Only in person, signatures, documents, identification, etc. I wouldn't do anything less for a house so I will no nothing less for this type of thing.
Click to expand...
I agree everything is cyclical. However I feel it could be a long time for CAD to rise against USD if ever
 
Mfg Eng said:
Or make us. Everything is cyclical including the value of the CAD. There will come a day when the CAD breaks $0.93 USD at which time I will make a pile of financial moves during the short window the value is so high then when the dollar flips a series of leverage moves again to get the money back into CAD from USD. It's almost free money however it takes money to earn money.
Click to expand...
leverage huh ? Free money you say? Interesting.

I like to read. And I've read about one not so famous guy who used leverage. A lot of people know who Warren Buffett and Charlie Munger are. A lot of people don't know that there was a third partner that those two thought were just as smart as them. Rick Guerin.

Rick Guerin was a partner with Buffett and Munger, just a little more impatient though, and he used leverage to maximize returns. Then there was a little blip in the market while he was leveraged, and then ended up being legally forced to sell his Berkshire shares to the other two at $40 each to cover his leverage. I wonder how he thought about those shares when ten years later they climbed to $2,500 each. I wonder how his kids feel now that those shares have climbed to $600,000+ each.

I wonder how Bill Hwang felt when he lost his 20 Billion dollar fortune to leverage in just two days in March 2021? Most people know about the 1929 stock market collapse which was almost entirely due to leverage.

There are only two ways to completely lose your shirt in the equities market.

1. Your company or companies completely goes bankrupt, and their assets are dwarfed by their debts. You can diversify away this risk.
2. You use leverage, and a margin call wipes you out no matter how diversified you were.


Leverage can increase the speed of gains that's true, assuming everything goes to plan. But I'm not convinced that the risk isn't substantially outsized compared to the reward. I don't personally leverage and I have no intention to do so in the future.
 
Last edited:
BobTbay said:
Places with no obvious fees, usually use a buy / sell spread to get their fees, if I remember correctly.

Every company has to keep the lights on somehow.

I use TD Canada trust for my rdsp.
Click to expand...
I looked into this and it mostly comes from conversion rates, also memberships, premium is 10$ I believe.
They are getting into all other aspects now as well, crypto, private lending, options, stock lending. Charging good size fees on all them
But I have never found any discrepancy in the buy sell prices, if you set limits, I wouldn't trust a market order. I believe its the law for them to buy at the lowest price as well. I heard weathsimple gets lowest priority when buying, but I doubt that means much for what I buy
 
I've been using https://blackeaglefg.com/ for direct access to US equities because I wanted capital and real trading from day one instead of demo phases. What helped me most was their mix of solid risk controls, quick support, and the freedom to run my own strategies on different platforms. The pricing and routing choices felt pretty competitive too, especially if you're trading from outside the US.
 
Questrade is very inexpensive especially you are trading ETF’s. Investor Edge is not as user friendly & cost like $7 to trade after 100 free trading fee waived. I would suggest Questrade. As to the up & down’s… we get to thank the wars & all the chaos around the world.
 
simonw said:
Questrade is very inexpensive especially you are trading ETF’s. Investor Edge is not as user friendly & cost like $7 to trade after 100 free trading fee waived. I would suggest Questrade. As to the up & down’s… we get to thank the wars & all the chaos around the world.
Click to expand...
I had questrade, but the customer support is very uneducated. They fucked up 2 of my simple transfers and gave me alot of wrong information. I couldn't wait to get my money out of there. But alot of people are happy.
 
You must log in or register to reply here.
Top