/biz/ - Business & Finance

Just invest in s&p500 or some other index and hold onto it for a while. You'll loose all that money if you think you can fashion yourself a day/swing trader

Target

Robot sex dolls with commercials on the small of their back and strawberry pussy juice. Whatever company is doing that go ahead and invest.

>>618068
That's what google is making in their secret labs.

>>618032

Unrelated to investing and not sure when you opened the TFSA but just remember that contributions do go forward.

Im going to assume you turned 18 in 2010 and even if you're in a province where you're an adult at 19 you still get that 2009 contribution (when the TFSA was created)

2009 - $5000
2010 - $5000
2011 - $5000
2012 - $5000
2013 - $5500
2014 - $5500
2015 - $5500

You've met your deposit limit for 2009, you can add more cash in until you hit your 2015 cap. Also note that whatever growth you have within your TFSA doesn't affect your contribution limit, so if your shit doubles in value overnight it's tax free, can be sold and withdrawn and won't affect your deposit limit. What you withdraw gets added onto your cap but you can only deposit it after the next January 1st or be subject to 1% rape by the CRA on the excess amount a month.

>>618142

Fuck 6 AM posting.

You turned 18 at 2010 so ignore the 2009 $5000.

>>618032
>2015
>not having $31500 CAD in your TFSA

step your life game up white boy. max that bitch out. Strip bonds nigga.

simple, buy and sell stocks on the tsx, 5k is enough, just go with a low commison broker like questrade

Since we're on a Canadian theme here, it's a little unclear to me how I'm supposed to use my TFSA for investing purposes.

I know that the interest is tax free and that the capital gains from investments purchased from the TFSA are tax-free, but how do hell do I link my TFSA to any investing portal?

I have an account with Canadian Tire Bank right now (higher interest rates than anyone else) but they don't have a investing portal, like the banks like RBC and TD do, so how do hell do I use my TSFA and buy ETFs with the money?

I've got $20k currently sitting away.

Extrapolate your potions.

>>618188

You can open a trading account TFSA with any of the big 4. I have TD Waterhouse, I think its $10/trade, no other fees.

>>618206

Sweet. So I can have multiple TSFAs as long as I don't exceed the limit for 2015 correct?

I do most of my daily banking with RBC, is their Direct Investing portable as decent as the TD one? Are there any known fees for opening these investing portals? Any reasons to use a broker instead?

I'm interested in some Vanguard products listed on the TSX, but as a Canadians, can I purchase US-listed ETFs and stocks?

>>618188
>but how do hell do I link my TFSA to any investing portal?

By dumping any bank that doesn't allow you to open an investment TFSA. For instance, your bank doesn't allow you to do that, so toss the fuckers to the curb.

First, read all of this site:

http://canadiancouchpotato.com/

Then:

1. Go to any TD bank branch and ask to speak with an investment adviser. Ask to open up a "TD Waterhouse e-Series TFSA". Don't let them steer you to other products, the TD Waterhouse e-Series TFSA is what you want.

2. Fill out the paperwork, give them a bank draft for your $20k.

3. Wait two weeks for the account to open, the money to drop and the initial passwords to arrive in the mail.

4. Log in (you will be asked to change your passwords, whatever) and buy the following e-Series funds:

Canadian Government Bond Fund - TDB909
TSX Index Fund - TDB900
US Index Fund - TDB902
International Index Fund - TDB911

Buy your age in the bond fund and split the rest evenly between the three stock market funds.

The advantage for you here is that these are in house TD investment funds that DO NOT CHARGE COMMISSION FOR TRADES. You can, and should, buy these funds (in the correct proportion) as often as you can, every paycheque if you can. The MER (you should know what this means if you read the above site) for them is under 0.5%, compared to 2.0-2.5% for other funds. Once you have more than $50,000 in investments you can switch to ETFs which have even lower MER.

Above all else DON'T PANIC. If you feel the urge to start messing with your account because of what the market is doing. Don't. The best investors are the ones who only touch their account to buy, or rebalanced when the schedule says so.

Stock market crashes are not a bad thing. You're buying. If you were buying socks or hamburgers, you'd be wishing the price would go down. If you're buying stock, you should wish the same thing. Market crashes and corrections are also known as STOCK SALES.

>>618214

Thanks for the well thought out post! Some tits in return.

Would you have advice for an RBC equivalent products? I'm already setup with RBC for daily banking, unless TD has some significant advantage.

>>618257

>>618257
>Would you have advice for an RBC equivalent products?

There is currently no equivalent to TD e-Series funds. The trades cost $0 and the MER is ~0.5%.

RBC does not have anything that is competitive.

Read the Canadian Couch Potato site. It's explained there much better by a guy who really knows his shit.

>>618296

Very well good sir. Read I shall and going to dump RBC.

>>618308

I dumped RBC for TD as well.
Rule Canadia.

>you'll never get to fuck 5 hot russian teens at the same time unprotected
just die in my sleep already

>>618214
>Buy your age in the bond fund

What does this mean BTW?

>>618214
Canadian here, can confirm this is the best option.

>>618372
If you're 21, 21% of your portfolio should be bonds. It's a rule of thumb, not hard and fast.

Hi guys I have a TFSA with bank of Montreal in their equity growth portfolio. Portfolio is composed of pic related.

It's considered BMO's "riskiest" portfolio. I don't have to dick around with any separate ETFs since it is already composed of a few.

Are you guys familiar with these BMO portfolios? I have $5500 in mine and want to get it to at least $20k by summer.

Your thoughts?

>>618973

Correction guys my portfolio is link related if you'd like to check it out. Though it's vietually similar.

http://thehub.bmosalessupport.com/system/files/bmoetfmodelportfolios_equitygrowth_eng.pdf/?file=1&type=node&id=1487

>>618188
You need to set up a TFSA account specifically for investing. Talk to an advisor at your bank, I know CIBC offers an account where you pay a flat 29.99 per trade if you trade <100 times/year, but I don't know whether Canadian Tire Bank does that. You may have to close your account an open one with a different bank.
If their banking is as good as their garage service, that's probably a good idea anyway.

>>618209
I'm pretty sure most banks offer pretty similar rates on their TFSA investment accounts. If that's the case, then it's free to open and own the account, but you pay per trade, so watch out for churn. The only reason you'd want a broker is if you want advice, but it's expensive advice. Ask someone at the bank about US listed ETFs, I can do that without any problems from mine but I'm with a different bank (If you do this you have to figure in currency fluctuations also)

>>618296
Huh, I should look into that. That's definitely better than the 30$/trade I pay.

>>619467
>better than the 30$/trade I pay.

Holy shit dude. TD only charges $10 per trade for non-e-Series funds (like, as in, every ETF on the continent). Fuck, even RBC does better than $30 per trade.

Who the fuck are you with?

Watch this video :

http://www.youtube.com/watch?v=og9kqkqkOuY