Oh wow...already? I know a few people that bought 5-10 shares, and they're freaking out considering how much the stock has dropped since they bought in at IPO.
I still have a total of zero shares.
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I still have a total of zero shares.
Thursday’s hold releases aren’t the IPO investors.. it’s the pre-IPO investors and employees. I think it’s about 900 million shares coming off holds on Thursday.
Those few people made out okay so far... It seems a lot of people have faith in Musk.
This thread is useless without pics, or at least give us a symbol.....
That one was hive.to. I’m just playing the swings with it… not holding it.
Oi. What a buzzword pile of crap. I'm glad the swings are working for you. Holding it long-term seems like a loser.
"The company operates green energy-powered data centres focusing on both cryptocurrency mining and high-performance AI cloud computing infrastructure"
“Stocks like hive, keel, bb, hut, mda, Spcx.. and a few others are just swing plays for me.. honestly.. I know little about the stocks.. haven’t read any financials.. and don’t care to. I’m only looking at the patterns and trying to grab a few pennies in the swings.
I’ve been pretty lucky since I started again… but make no mistake.. I am gambling.“
I am with itrade as I followed over from etrade. It's fine but not the best. If you want full-featured and no spread on currency conversion, IBKR is probably your best bet. Super low trading fees too. For approachable, wealthsimple isn't terrible but I dislike that they have "free" trades but their bid/ask spread is wider to hide where their income comes from. WS gives you some unrelated perks like airport lounge access if you have enough money there.
EDIT:
I setup a RRIF on itrade. During setup, it lets me define a withdrawal schedule. There doesn't appear to be a way to view or change it without messaging customer service. That sucks if true. Also can't easily transfer to RRSP>RRIF, it needs to go in as a request and a person executes it. Again, not ideal. I may open IBKR for RRIF and transfer from itrade to slowly move money away from BNS.
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sburns
Well-known member
Thanks there is always a sneaky catch I guess. I'm not really planning to do daily trades, or play the market. Just moving most of my mutual funds to ETFs, and maybe a select few stocks. I've been consolidating all this stuff close to finally putting it in place.
Go talk to your bank for 10 mins. I did that with mine and found that I got some decent benefits when doing a fixed monthly transfer into my trading accounts which works out fine for saving discipline. If you’re not doing tons of trades then the fee per trade isn’t going to kill you and your bank branded etfs may also be free. If you’re doing lots of trades then the 9.99 per trade fee adds up and then wealthsimple or one of the other discount brokerages might be better.
For me I stuck with my bank for convenience and the fact I’m not a day trader. I’ll probably make a few trades every few months once my transfer amounts add up plus I can always go and talk to a person in my local branch.
The banks all have attached brokerage divisions. Mine is with TD, and I'm happy with the way theirs works. First place to ask is where you usually bank ... ask to set up a brokerage account there, and see how you like it. The advantage of doing it this way, is that it should interface as seamlessly as possible with your regular online banking.
If you are not doing day trading (which I don't), and if you're dealing in lots of hundreds of shares at minimum (which I do), the transaction fees are a rounding error, cost of doing business. I know there's a system now for dealing with fractional shares, and that's useful for very high-value stocks, but in my trading account I'm old-skool and deal in lots (100 shares).
Keep in mind that many banks have multiple different brokerage divisions. Normally they have full-featured division where you can talk to someone at your local branch (whose job it is to maximize bank profit), a discount division where you make your own choices (with a phone number or online support) and a wealth management department where you get a financial advisor with some chops that is supposed to work in your best interests (who charges ~1% AUM). The banks don't always make it clear which stream you are going into. If you walk into a branch and talk to someone, they will probably guide you to stream one as that's the best for them. To get into the wealth management requires a substantial pool of money.
The quick test is if the funds the advisor is trying to guide you to match the name on the sign, you're probably being directed to maximize their profits, not your return.
If people want to stick with bank brokerages and don't have a ton of money invested yet, path two is probably the best. It may not be if you make bad decisions.
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I use Questrade and as happy as one can be with a brokerage.
No major issues, but every time I call them I get an answer / support so I'm not too concerned.
I'm a 'set it and forget it' buyer. Add a few hundred to an account monthly, and then dump into whatever
I'm slowly dollar cost averaging the 135k I transferred from an old pension account, and need to finalize the paperwork for another 1k at another old account I found (I worked there 30 years ago).
