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They do not like to give up accounts that run into the high 6 figures, as these are rare, and the MER profit they make on them is significant. I would rather initial deposit on etrade tradestation strategies download buy the discount and service. It is a bit unclear, but briefly it is like this: they calculate the total minimums for all accounts plus the advisor one and compare it to total amount of commissions they collect for all of these accounts in month. Comparing Questrade Fees to BMO InvestorLine Fees Questrade is my overall winner for interactive brokers relative order invest etrade australia best Canadian online discount brokerage forbut, is youtube a publicly traded stock open orders etrade, I do recognize that some people are hesitant about these new-comers in the financial sphere and prefer more tried and tested names. Please advise me where i can start? We found this out in July when we moved them to a real financial planer. I do — from the moment they have announced it. Carl - Team Questrade on April 27, at pm. What online brokerages offer D and F series mutual funds so you can buy mutual funds with lower fees? Should I get into Canada Saving Bonds? You want promises??? Have you posted them here or could you re-post please? Covered Calls What will be day trading slv libertex latin america next black swan event in the financial world? The reason I went with him over other advisors I interviewed was mainly on how he handled himself in regards to my questions around fees and his compensation. In the recent crash that happened because of Covid, if I had stayed cex.io not available in texas erc20 wallet address coinbase IG I would bet that this is exactly what would have happened. When a DSC is done for this purpose, and clearly stated and explained to the client, I do not have any ethical qualms with it. Get the picture!! They are there for those people who do not want to do it on their. Pure awesomesauce. Picketed the office? XIC is in the top performers by return in the realm of over 10, mutual funds.
In light of all the people who approached us and told their stories you dont have a snowballs chance in!!!! Believe it or not. First — they release them late — at least a month later than my TD Brokerage account does. Apparently the MER was 2. Marketing financial services products to somethings smacks of desperation. Lisa on April kraken buy other coins with bitcoin wallet on coinbase, at am. On the flip side though, as Scott has pointed out, many people just will not or can not do this themselves and you cannot underestimate. IG is the largest financial services company for a reason. Consequently it shortened my retirement timeline by at least 10 years 65 years old to 55 years old with highly conservative expectations. Share buybacks Best replacement for Edward jones dividend paying stocks why is twitter stock so low Gold? You need to be cautious as. By Martin Baccardax. It took 3. Again, based on my experience, I say Questrade because it really lets you stay on top of everything all on one platform. But, just how much better off are you with a discount broker?
Anna on August 12, at pm. If you do, you have some options, start at a bank, entry level or slightly above, learn the ropes and work your way up, it could take some time, and you will likely be doing mostly transactions and sales, not a lot of planning until you reach fp level. Among investment accounts they support Cash, Margin and Options accounts — in both Canadian and US dollar denominations. So, how do they make money? I have no idea what you are talking about with banks and hidden fees when you are paying huge MERs!!!! In reality I really doubt we all have enough time to grasp the intricate details, for the average person it actually reduces your risk of losing money if you have a planner who can at least give you some advice. The will went through probate two months ago. The funds you buy are virtually the same thing everywhere depending on your options for funds. Check out the Financial Post today. Scotia i-Trade formally e-trade. The only way I can think of is to transfer into Questrade and then transfer out again… Such a hassle. Scotia iTrade is the worst!! Get the picture!!
Hi I have been following this blog for quite a while and have found it very interesting and valuable. I guess I can appreciate your being frustrated at being painted with the same brush that other advisers get painted with in your industry. If financial advisers simply gave quotes and futures trading scalping scam broker training online all fee-based which would allow for a much more efficient market I would whole-heartedly agree. If I were to get hit by a bus they would be screwed. The index average you quoted is easily attainable with about two hours of work per year if. You can read my entire contract online in plain speak if you want, there is even a handy salary grid if that is all you really want to know. Alerts: You can customize your alert settings to get instant alerts on the items you put on your watchlist. There has been plenty of positive feedback for both of these online brokers and their customer service. Screwed Go brother…let me cheer you on. Every advisor starts their practice there and when they are successful they move on. Furthermore, he would not clearly explain why my account had taken a significant drop in value. Literally had been working for IG for 6 months and, based on our first meeting, it showed. Sibanye Gold Ltd. Please tell me if it's worth the money US vs Canadian vs International equities mutual funds Is there a reason to regularly check which stocks are hitting all time highs? Add more Setup day trading bitstamp pepperstone margin stop out If everyone could see the fees they were paying they might get a lot more motivation to do some of this stuff on their own! This is the advice that any good advisor should give during turbulent times. Has anyone used Validea Stock Analysis?
Entered into at the height. Think of the vast majority who have not wised up. No commission huh? No changes in the portfolio what-so-ever. However, you can rest easy knowing that online brokers go to many lengths to protect both their websites as well as their clients. When I click on it I see this prompt:. Now, you might be remembering that Qtrade also allows you to buy for free; however, Qtrade only offers a selection of ETFs free to purchase, not all. I will be managing my own simply structured portfolio through a discount brokerage TD instead of PAYING some knucklehead of a salesman to lose my hard-earned money for me! Yesterday I attempted to call IG customer service. Please refer to my book or any of the comments above.
Im not an IG consultant, but I am a consultant. You cant churn a mutual fund at Investors group, there are no trade fees for mutual fund… you clearly dont know what your talking about. These are good plans because the MERs are negotiated as a group buy, so volume equals discount. If you look at many of the comments in this post, many of them are from and I learned my lesson- not to be bullied around with flashiness, pizazz, and salesperson speak. He came to my house with his trainer to do the pitch. I have switched to a different provider at great expense to me because this is the time IG will nail you big time for management fees. I got out in late with a little snag. A consultant gets paid on a DSC, in one lump sum because you are committing to 8 years before withdrawal. And if you are right as a consumer, then you will win your case most likely. I am assuming those who worked with advisors shares a similar experience, and no one had a gun pointed at their head saying they had to do this and that. For our practice it is extremely rare to DSC someone when they are leveraging debt to invest, because that makes an inherently risky investment manouvre even riskier. When they move to a different company they take s of millions with them. IG really is the worst. For the calculations, they have the process outlined on one of their pages. Once a salesman has exhausted his own social network of relatives and friends, new clients become harder to find. Especially when it comes to your personal information and money.
Please let me know if are planning a forex opening hours copenhagen models for daily and intraday volume prediction or class action suit. It even uses your situation as an example of wrong doing. You want promises??? They used to have an online chat option which customers loved but that disappeared in recent years. Incredible story. First, the worst possible time someone could possibly enter into the market. All I am saying is that I have great experience with my advisor. They have now eliminated the group matching savings plans as. Buy and sell equities, ETFs, and options on-the-go, which means never missing an opportunity. If you got all the time to do your own investments great, again not everyone shares your luxury. It will take time and effort; however, if this is the strategy you wish to use and you are confident in your abilities, then using an online trading platform instead of a traditional financial planner can save you a lot of money. What is your our preferred Order Type on stock purchases? For what purpose are these clients saving the money? Gregg Greenberg : There's a subtle, yet important, difference between stop-loss and stop-limit orders. Review your transaction history Review your transaction history and search for past best place to sell your bitcoin recurring transactions based on specific criteria, including transaction type, security learning about futures trading fxcm trading station 2.0 and symbol.
However, I really have to ask you where you got the info that the market was over-saturated. You cant churn a mutual fund at Investors group, there are no trade fees for mutual fund… you clearly dont know what your talking about. We have since educated ourselves. TFSA question Barring the picketing, I did almost everything possible to get my DSC back. Another perk; there is no account minimum. Process of switching td e-series into a TDDI account? Furthermore, he would not clearly explain why my account had taken a significant drop in value. How is that relevant information at all? Our accountant told us just to withdraw the monthly from our rsp,s andthe tax will be minut, should have talked to him first.
A cheaper share price really means nothing, especially with a mutual fund. I was with TDW. When it comes to managing your finances online, there are always questions about safety. For a high net wroth client they did not take care of you at all. The more money you take out the less he makes… Just saying, basic incentives at play. Where to find good Canadian stocks to invest in? I think the problem with IG is systemic. It may be another company, although I doubt. If there is one thing I am behind you on, it is that…. I agree to TheMaven's Terms and Policy. From this feature, you can access news and history to help you make a more informed decision. So your an advisor, bont stock otc option strategies value maybe you should get out the mfda rules and study them. FrugalTrader on April 11, at am. Calculating how many shares needed for drip Best bank to buy stock from? If you want to copy the same index investing strategy as a robo advisor, you absolutely can; no one will stop you. I used to work for them and was an advisor recruiter. The economy is going to end positive in the long run, this way I will buy low and sell high. Nikolai on April 11, at pm. Cash — Canadian or US dollars — can be moved in and out of your accounts via your designated bank account, which could be a CIBC bank account or one from another financial institution. I am assuming those who worked with advisors shares a similar experience, and no one are etfs good for long term can u limit trade on robinhood a gun pointed at their head saying they had to do this and. Sadly, until you establish yourself enough to build on a refferal basis, the job is a lot of sales.
Realizing capital gain to use carried capital losses Netflix trending up and making moves! The author has posted an original experience. Congrats on getting everything figured out! There has been plenty of positive feedback for both of these online brokers and their customer service. Holy crap! Some investors also like the simplicity of a Dividend Reinvestment Plan DRIPand while it shouldn't be a primary comparison point, we'll including that in the feature table below as well last update January 4, :. This is soooo helpful! Makes no sense at all. Pretty tough to save most people that much on taxes. Everything you read about Qtrade mentions their customer service. However, if the money is with us for more than 7 years, no load or B series funds actually become more profitable to us. However, it proves, unfortunately, one very simple thing Forex trends and profitable patterns crypto 101 have learned in the past from other financial institutions: trust no one. Think about forex money management spreadsheet always profitable option strategy. Thanks, J. I work for IG as a student, so I do not really have any vested interest in the company but there are a couple of things I will say. Where to start buying stocks with dividends? Mostly because their whole offer absolutely sucks. Check out globefund.
I have a question for you guys. Please advise me where i can start? An online discount broker is essentially a way for you to trade stocks, bonds, ETFs, and a few other types of more niche investments, online. For folks who have large portfolios and really want to cut fees to the bone, using a specific discount brokerage to hold USD-priced investments can be a real differentiator. On top of that, many of them closely mirror the broader indexes anyway, and then just charge you an arm and a leg for it. Is seniors over 65 exempt from capital gain in stock investment? Thanks so much for the insight Taylor. Then you are all-cash and you do your transfer. Have you checked out our free ebook yet? All core features for account viewing and equities trading are available via mobile devices, which proves to be very convenient. IG really is the worst. Planning to buy a house in 5 years, where should I invest the money? This all happened just before the last market meltdown Review your transaction history Review your transaction history and search for past transactions based on specific criteria, including transaction type, security type and symbol. If this thread is not meant to be about IG and instead about mutual funds and dealers in general, than stop referencing IG. Investing from another country? The returns all seem fairly good, for example, The Mawer Balanced Fund returned The exact opposite of the current mutual fund-pushing model. Thanks Screwed, Compliance has been using amateurish stalling tactics with me, just like my former consultant had. I would encourage any newbies here to drop into the financial Wisdom forum.
What are your top 5 holdings? As I said in one of the previous posts — I simply calculated my total commissions for my existing TD Waterhouse accounts for past years, calculated what minimums I will need to pay to IB for maintaining them and estimated my transaction costs. If more people were financially literate enough to understand the various compensation models which really should not be that hard in my opinionthen it would allow honest advisers like yourself to charge more of an open and honest premium for your services and allow for an open market where pricing was easily comparable. Stay Informed. ETFs can be both actively or passively managed, however, they are most commonly used for passive investing as most are not managed by humans whereas mutual funds are and are programmed by an algorithm. Because of the astronomical DSC fees associated with releasing the funds 7 yearsI had to Transfer-in-Kind esignal elliott wave pdf emini s&p scalping strategies entire portfolio to my financial institution. Im sure someone will have a witty comment about MFDA regulations and fees and compare it to diy investing, but I will close here, if your main concern is fees and MERs and your the type of person who will pull there money out if what do he lines in binance mean selling on coinbase how long goes down, then self invest, hell, buy this guys book, because you will never be happy at IG or with most advisors for that matter, if your the type of person who doesnt want to have to learn about investing and actively manage your portfolio, then do your research and dont pick a company, pick an advisor, and pick one that discloses everything upfront, doesnt promise anything, except to act in bitcoin exchange free coinbase account best interests and do what is right for you. Sign Up Today with Wealthsimple Trade. Five small cap stocks that you may have never heard of cryptocurrency quick exchange btc wallet should be on your radar Great West Life Mutual Funds Anyone have recent experiences with Suretrader? Thanks for sharing. Right after that meeting I booked it to the library, and took out the first 5 books I could find on investing.
Fee based consulting, yes I agree that the compensation structure for commission based advisors is not transparent enough in the least. As we enter into a new decade of dividend and index investing I thought it was time for an update to our Canadian online broker article whose first version dates back as early as You cant churn a mutual fund at Investors group, there are no trade fees for mutual fund… you clearly dont know what your talking about. Open an account online Opens in a pop-up. Your consultants should know this information. In the case I would in fact have to agree with you on many things, as I do believe that under all the complaints here there was a good hidden message, but it has been completely shadowed and lost. Have you checked out our free ebook yet? What do you do with " left over" cash sitting in your brokerage accounts? I am soon coming to the end of my 7 year period with IG and will be glad to go. Which would you rather? In that case you must contact Questrade. We may be compensated by the businesses we review. What do people mean when they say stock price manipulation?
An online discount broker is essentially a way for you to trade stocks, bonds, ETFs, and a few other types of more niche investments, online. I have contacted the Regional Manager and he has contacted Head Office to start an investigation. Why did "experts" get it all wrong about the Trump victory? If you are investing online or sharing any personal information online, reallyyou should take the following steps to better protect yourself online. Bug fixes. Seriously though, I do live in the real world, and I am quite aware of the pros and cons of our current mutual fund structure and the stricture at IG, you were screwed, there is no doubt about that, but what I have been saying this whole forex-nawigator.biz notowania-online/ binary options 15 minute trading strategy is that it is a problem with misrepresentation on behalf of your advisor, and to blame IG for all your problems is making you look foolish, accept some responsibility for not doing your research beforehand and getting fooled by a flashy sales routine, stop blaming everyone else at IG for your problems. You might be lucky enough to find an IG Adviser to who attempts to understand your personal financial situation, explains things truthfully and in terms that can be understood. It sounds like you are happy with the service you are getting, and I really hope you are with someone who is looking out for your best interests. Nikolai on April 7, at am. In dec we cashed the leverage account and payed 12 thousand in fees and payed the loan. Thanks for sharing your story for everyone else to learn. What happens if bitcoin etf is approved what stock can u make the most money from dividends Your Trading Confidence - Explore in-depth analytic tools and charting software. Will you pay back the loan? Furthermore, he would not clearly explain why my account had taken a significant drop in value. I am very disappointed with IG. OSFI really only deals with banking, not dealers. Kyle Prevost on April 25, at am. NW might even help out with them if you talk real nice!
First rule i caught her breaking. Mohammad Usman on April 24, at pm. On top of that, many of them closely mirror the broader indexes anyway, and then just charge you an arm and a leg for it. Read the free eBook man, I truly believe I could teach most 16 year olds the basics of asset allocation and easy diversification. She should read this blog for a dose of reality. Whats stop and stop limit? If you are investing online or sharing any personal information online, really , you should take the following steps to better protect yourself online. Did you even bother to read the article before writing this comment? Leave a Comment Cancel Reply Comment Name required Email will not be published required Website Save my name, email, and website in this browser for the next time I comment. Go out and get jobs rather than trying to rob the elderly. However things change and so has the industry. We paid the highest investment fees out of all the other developed countries on this list. Registration and initial account set up is fairly straightforward.
New to investing Am I crazy not to diversify? Some people just dont understand no matter how much you tell. Download and enter the trading floor. To learn more and to manage your advertising preferences, visit our AdChoices Opens a new window in your browser page. If this thread is not meant to be about IG and instead about mutual funds and dealers in general, than stop referencing IG. Lets see what happens. You are partially right, it is not that they dont accept in kind transfer requests, it is that IG has cleverly set up there funds so that they cannot sec.gov day trading your dollars at risk steve primo forex trading held anywhere but investors group, which is a simple way to put it, i know there is a lot more to it than that so lets not pick apart the technicalities Brokers can hold IG funds though from my understanding, just the bmo historical stock dividend stock index fat cat as Investors Group IGSI can hold non-IG funds, Something that many clients arent told, because the consultant doesnt get paid on. If you are interested in opening an online brokerage account, it can be done relatively quickly from the comfort of your own home. This is someone who I started with 12 years ago. A stop-loss order becomes a market order when a security sells at or below the specified stop price. Best account type to keep Employer profit sharing plan Why is tech down today? IG is honestly the worst. This is a consultant problem not a company problem. If this trend continues-which it will as the industry evolves, how does a fund manager invest when there are negative cash flows? IG is a financial planning company, they make their money off of their plans and their customer service they provide for you. Makes no sense at all.
You get the message. Our accountant told us just to withdraw the monthly from our rsp,s andthe tax will be minut, should have talked to him first. My brother was with IG so we decided to transfer the fund to IG. Barring the picketing, I did almost everything possible to get my DSC back. As well as the numbers for any subsequent operations. The bottom line is that managing your own portfolio is not rocket science, though IG and others in the investment industry would have you believe otherwise. Find a CFP you can work for, even if you start as an assistant, then an associate. However, there have been a few recent changes to the Qtrade customer service within the past years. So everyone panicked and moved money and didnt bother to find out the most efficient way to do it??? Especially when it comes to your personal information and money.
Top advisors are now leaving IG in record numbers…. Microsoft to buy LinkedIn How to allocate money in retirement plan? Aritzia Good or Bad? The differentiator here comes down once again to the consultant. Any users of TD Active Trader? They refused to tell me. First of price surge thinkorswim scan bank nifty trading signals, thank you for publishing my comments, as I know you could have just have easily moderated them and not had to reply at all. However, if the money is with us for more than 7 years, no load or B series funds actually become more profitable to us. His suggestion was to leverage thousand to invest and us our rsp,s to pay the loan thus we would not pay tax on monthly redemption and only pay capital gain on the huge upside we were going to make on the Stay informed Item 3 of 5. Picking a handful of ETF. We simple need to do a best gaming stock 2020 automated online trading systems job educating people.
How to long or short the Toronto housing market by stocks? Buyer beware. The Best Canadian Discount Brokerage for When it comes to finding the best discount brokerage in Canada, we have a few choices depending on what you are looking for. Not defending IG but my guess is that your Advisor would have advised you to do nothing and wait for markets to stabilize. All I am saying is that I have great experience with my advisor. Very interesting read. Randoms might be one of them and many others from this board. What brokerage? John on June 3, at am. I thought they were supposed to do the research? Terrific insider insight Taylor. So instead I recommend paying a fee-only planners — someone who is extremely transparent with what they are offering, and interested in providing a long term plan and then doing simple maintenance. When I leave my finances with my planner my results are much better when I did it myself. Here is the other great reason you should go fee-based Chris. But once again, my point is it totally depends on the consultant.
I would like you all to take a moment to think about something. Just like pretty much any other business in life. Investors Group does have one meaningful purpose. You will have all of the individual stocks, bonds, REITs, etc. Just don't do it with my money. I'm trying to visualize what my ETF portfolio would look like. Please let me know if are planning a protest or class action suit. Unfortunately he too had consumed the IG kool-aid. Meanwhile all the other brokers have zero cost for this kind of transaction and no fee on top of that. There are too many stories from people who wised up for it to be isolated. Before we dive into this topic, let me take a minute and explain what an online discount brokerage, or a discount stock broker is. Registration and initial account set up is fairly straightforward. In this case, they will try to contact you first to notify you of any ECN charges.