/biz/ - Business & Finance

[Anonymous No.17922794]

why is it so hard to make money in this fucking shithole
leafbros, how do you guys trade options/etfs/stocks etc
help a neet out. the opportunity of a lifetime is slipping out of my hands because of this gay fucking country

[Anonymous No.17923041]

Just be a rich foreigner and buy multiple houses and re-sell them to other rich foreigners looking to get in on the action as well.

It's just that simple

[Anonymous No.17923071]

>>17922794
not sure what you mean?
I make just shy of 145k. Generally I trade US equities because they have more volatility, but currently there are some good deals on Canadian equities to scoop as well.

[Anonymous No.17923265]

>>17923071
what platform do you use to trade?

[Anonymous No.17923355]

>>17923071
What's your primal capital used

[Anonymous No.17923509]

>>17923265
Investorline. I tried Wealthsimple Trade too because muh $0 commissions but there's a 15 minute delay on price updates (basically the same as other free stuff like Tradingview) and they don't let you hold US currency which is retarded. You pay CAD/USD conversion fees on every trade with US equities. I hear questrade is pretty good but I mostly just went with BMO for the support.

>>17923355
idk what that means, I just deposit some into different accounts from my paycheque.

[Anonymous No.17923524]

>>17922794

What industries does Canada even have other than Faggotry exports. Go on, I will literally wait as long as it takes.

[Anonymous No.17923538]

>>17923524
Toronto has a bigger tech industry than San Francisco

[Anonymous No.17923541]

>>17923509
>Investorline
doesn't Interactive Brokers have the lowest fees

[Anonymous No.17923561]

pretty much only see questtrade recommended but im wondering as well. their ads on TV are nauseating

[Anonymous No.17923578]

>>17923538

San Francisco is larp tech. San Fran companies make tech the way Blizzard makes games, they fucking dont and all of the original capable employees fled years ago.

[Anonymous No.17923622]

How do I trade options in canada

[Anonymous No.17923638]

>>17923541
it looks like it has a range, I never took a hard look at IB desu. the max of 0.5%-1% a trade could be costly though in some scenarios. I bank with BMO though so transfer of capital is really quick to investorline.

[Anonymous No.17923650]

The only reason Canada exists is because some countries can't get visas to the USA so they import them to Canada to depress wages there and get extremely cheap workers.

[Anonymous No.17923690]

can i trade with a TD TFSA in Canada? or what should i do to capitalize on the corona crash?

[Anonymous No.17923767]

>>17923690
if you want to HODL long, a TFSA is a great way to avoid the tax man. Buy now (or wait a little longer if you want) and hold for a few months or more and your gains will be tax-free. You can hold US equities in it too, though there is some with-holding tax (15%) applied to dividends. Appreciation in price though is tax-free.

If you want to do short-term trading, like buying and selling in a time frame under a month, you should just use a non-registered account or you risk having your TFSA lose its tax-free status.

[Anonymous No.17923835]

>>17923767
What if you trade infrequently in a TFSA, like 1 position a month then dump back to passive indices
Still fucked?

[Anonymous No.17924001]

>>17923767
sounds good, ill probably go with a TFSA then. maybe later ill get into short term stuff.

[Anonymous No.17924025]

>>17923835
CRA's rulings are a bit arbitrary and case-by-case so I wouldn't try it. Anything that's held short-term would be kind of suspect, like say if you swinged a stock over a week. In general what makes them take a harder look at you is:
1. Are you basically doing this for a living?
2. Are you trading the same stocks over and over just to swing/day-trade price volatility instead of HODLing an investment?

Capital gains in a non-registered account isn't that bad, it's a 50% inclusion rate (so 50% of what you make selling gets added to your annual income for tax purposes). However if you're a clear pattern day-trader then the inclusion rate is 100%.

[Anonymous No.17924300]

>>17924025
Uh oh.
I swing trade in my TFSA when I see opportunities, hopefully they don't come after me later...

[Anonymous No.17924419]

>>17924300
if they haven't caught you now (assuming you've been at this for a few years) you might be fine. If you start making alot of money though doing this they might review you after you file your taxes.

[Anonymous No.17924827]

>>17923538
Hmmm that's weird I don't think I use any "tech" from one of these mythical Toronto "tech" companies.

[Anonymous No.17924901]

Is fidelity a good broker?

[Anonymous No.17924910]

>>17924827
being a part of ontario's tech scene I can say that its probably because most of the tech companies here do B2B. Beyond some stuff like North and Blackberry there's not a lot of companies that go direct to the consumer. For example my company has won several big accounts with some US companies and we're getting a lot of $ for it, but generally they keep us off their press releases and distribute our product themselves using their own branding.

[Anonymous No.17924928]

>>17922794
whats wrong with Canada?

[Anonymous No.17924989]

WHERE THE FUCK ARE THE TRUDEAUBUCKS JUSTIN
MAKE YOUR FATHER FIDEL PROUD AND GIVE ME FREE FUCKING MONEY

[Anonymous No.17925115]

>>17924910
>we're getting a lot of $ for it
>yooooo brooooo fucking 2 million broooo we ballin broooooo
Yea it's basically mickey mouse level. What's Toronto's equivalent of Apple? Alphabet? Twitter? They don't exist. It's an irrelevant tech backwater with $800k 1 bedroom condos.

[Anonymous No.17925165]

>>17924928
aside from the land itself, everything

[Anonymous No.17925235]

>>17924928
people like me desu
canada fucked up letting so many of us in lol

[Anonymous No.17925262]

ya ya ya invetorline, interactive brokers, TDameritrade etc whatever

where are the robinhood equivalents?
somewhere us broke NEET canadians can trade options? GIVE ME THE GOOD FUCKING SHIT

[Anonymous No.17925321]

>>17925262
the only "free" one I know of is Wealthsimple Trade, but I don't think they allow options

Also Robinhood has been pretty shit so you're better off just paying for a better platform

[Anonymous No.17925351]

>>17922794
Because there are 40 families that control the entirety of Canada. Google it.
They're got their rackets locked up pretty tight.

[Anonymous No.17925368]

>>17925115

[Anonymous No.17925553]

>>17925321
is wealthsimple worth it
idc about 8% in 10 years boomer gains
can i make the 10x and 100x without options?
>t.holding link since 0.20 in 2017

[Anonymous No.17925620]

>>17925553
getting close 100x would probably require some really speculative stocks like some kind of pharmaceutical, pretty high risk stuff

you can probably make a more modest 2-3x buying some of the cheapies available in the recession

[Anonymous No.17925683]

>>17925620
i have a particular japanese 'pharmaceutical' company in mind that i wan to short ASAP

also 2-3x in what timeframe?

[Anonymous No.17925728]

>>17925683
>also 2-3x in what timeframe?
airlines will probably good again in a year, energy-related stuff will probably be back up to snuff by november

[Anonymous No.17925754]

WHY THE FUCK DOES AMERICA GET EVERYTHING
>BUT MUH FREE HEALTHCARE
ive had 1 checkup in the last 10 years
ive never actually used this shit
its a fucking waste of time anyways
the only time ive ever been sick enough to want to go to the hosptial... i had to wait over 5 hours in the waiting room. ended up leaving anyways
its a fucking scam i swear to god
meanwhile burgerland has every possible pleasure known to man
>twinkie flavoured cereal
>wild west style apps where you can make millions of dollars with the click of a button
>groceries dont cost a fortune
>everyone making 100k a year
>everyone has a fucking mcmansion
>gas is practical free

SMFH GET ME OUT OF THIS SHITHOLE NOW

[Anonymous No.17925819]

>>17925754
>amazon doesn't charge you 100$ import charges and 40$ shipping
>your country isnt importing thousands of literal SOMALIANS
>guns
>cheap drugs
>holiday spirit
>soul
CANADA IS A WASTELAND

[Anonymous No.17925924]

This might be of interest for leafs looking to trade in USD
https://www.youtube.com/watch?v=bE3wc-1rTII

[Anonymous No.17925929]

>>17925235
And what group is that? Pajeet, chink, Arab, Black?

[Anonymous No.17926024]

>>17923509
Not OP but I’m a Canadian citizen and want to trade as well. On the site it says you have to mention if you’re a citizen of another country for tax purposes. I’m planning on getting European citizenship since my parents are from there would I have to edit that later down the line? Is a Cash Investor account that’s not registered be good?

[Anonymous No.17926056]

>>17925929
Why not all of the above and more?

[Anonymous No.17926088]

>>17926056
No point in hiding it on 4chan.

[Anonymous No.17926104]

>>17922794
just open a trading account.
Min is usually $1k.

[Anonymous No.17926153]

Why are people who live in mid Town Toronto so ugly and gay?

[Anonymous No.17926181]

>>17923578
>>17923524

you've never left your house before, have you?

[Anonymous No.17926373]

DUDE JUST BUY BOOMER INDEX FUNDS LMAO
SET UP AUTOMATIC PAYMENTS AND FORGET
KILL ME

[Anonymous No.17926427]

>>17922794
buy the oil dip, its our only hope. bought husky today @ 20% div price, laddering down to 1.75. We are a resource nation, the one thing we can count on to use are our natural resources.

[Anonymous No.17926557]

>>17926373
lmao, exact setup I had. Execpt I sold last week and cut my losses. Off for three weeks (paid) so opened up TD Waterhouse, and trying to get more money.

[Anonymous No.17926605]

>>17926373
how have you not kys?

[Anonymous No.17926618]

>>17925929
wallahi im white warya

[Anonymous No.17926688]

>>17926557
>>17926605
I honestly just don't care any more. I'm passed the point of no return so I'm just going to keep the recurring purchases going.

[Anonymous No.17926833]

>>17926688
HODL man. Wait for monday

[Anonymous No.17927115]

>>17922794
It's fucking bullshit OP. This is why I am seething at the reddit wsb fags and the smg fags as well making all the money while us leafs trade shitcoin scams.

At the moment I don't hodl any shitcoins and Im margin trading btc based on what the Dow and US markets are doing.

But that pales in comparison to the $$ being made in this market crash.

IB has options by the way but they require 25k to trade I believe.