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Opening Your Online Brokerage Account Primer

Buying and selling Exchange Traded Funds (ETFs), owning your individual stocks or other securities through an online brokerage firm is not difficult work but this can be very intimidating work for new investors.  I suspect this is like anything new but once you know how, well, you know how. Thankfully, many online brokerages have excellent Frequently Asked Question (FAQ) forums not to mention a team of Customer Service Representatives ready by the phone and via email to answer any questions new or experienced investors might have.  For today’s ...
Reader Question

Reader Questions – Saving and Investing Stuff

I receive a number of emails every week about my approach to saving and investing.  I’ll be the first person to acknowledge my investment strategies are not perfect but I feel, over time, the plan is good and it’s working for me. Here are some recent questions I received and what I shared with readers via email, for today’s post. Mark, it seems like you put Canadian stocks and Exchange Traded Funds (ETFs) in your Tax Free Savings Account (TFSA).  Does that become reportable income? Yes, you are correct, this is what I own in that account ...

Help!  I’m just starting to invest

Should you save?  Should you invest?  If you invest, what should you invest in?  Do you need a Registered Retirement Savings Plan (RRSP)?  Do you need a Tax Free Savings Account?  Do you need an emergency fund?  What about your student loan? This list of questions for younger investors could go on and on and on… If you’re in your 20s I suspect at least one of these questions has crossed your mind.  There are no answers that apply to everyone but this blogpost should help you out.  Keep reading, because I’ve been there, done that ...
Reader Question

Our TFSA and RRSP Considerations for 2014

Over the last few weeks, I’ve received a number of emails from readers asking questions about Tax Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).  Here was another recent question, paraphrasing and quoting where I can: “Love your blog! It has really helped me enter the self-directed investment world.”  Given that it is the beginning of the year, “it would be great to know what stocks or ETFs you are considering for your TFSA and RRSP this year. Keep up the great work!” Thanks for this email (and the nice ...

How to move my TFSA to an online brokerage – Reader Q&A

Over the last few weeks I’ve received a number of emails from readers asking about Tax Free Savings Accounts (TFSAs).  Here is one example, paraphrasing and quoting where I can: Hi, thanks for your blog.  I’m new to the investment scene, and “I’ve had my TFSA sitting in a bank account earning very little $$$.” Can you recommend any resources that will provide directions on how to move my TFSA to an online broker? Thanks for your email.  Based on what little I know about this reader’s situation, today’s post will back things up a ...

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