Re: Investment Opportunities?
Originally Posted by
StuntMan12
The fees associated with investing make it hard to become profitable unless you really know what you're doing. $9.99 commission on every trade. I thought it was only when you buy stock that I would have to pay this with TD Direct Investing but I went to 'sell' my stocks just to see if there were any fees and again it was going to charge $9.99. Couple that with the $25 quarterly fee to use their platform it is very expensive. There are ways to get around the quartlerly fees of course but you need to have $15,000 in your account or invest $100 a month into an ETF but even then you are paying $9.99 for each of those transactions! It pretty well encourages you to put a tonne of money into the investing account and leave it there. I will be investing $15k-$20k soon so the fees won't really matter once I have those investments locked in but this whole process seems very costly. I wish I chose one of the free trading platforms but I will consider it in the future if I would like to try day trading.
Do this! Tinkering costs money. Come up with an allocation you are happy with and you should need to re-balance at most twice per year, ideally once.
Do whatever you can to avoid quarterly fees and you correctly pointed out they can be costly.
The way you avoid transaction fees is simple: avoid transactions!
$15,000 in VBAL is $10 if you buy once or $40 if you buy 4 times over the coming months. Either are managable.
As soon as you start tinkering by moving around your allocation you can run up fees in a hurry.
Day trading is a whole other ball game, if you want to attempt that you need to be hyper vigilant about reducing fees. Also, you will most likely lose your shirt.
12 team H-2-H 1 year league, daily roster changes, 3 goalie start minimum/week
2xC, 2xRW, 2xLW, 4xD, 3xUtil, 2xG, 5 Bench
G, A, P, PIM, PPP, SHP, GWG, SOG, Hits, W, SV%, GAA, SVs
C: C. Keller, C. Mittelstadt, B. Nelson, R. Strome,
LW: K. Connor, B. Tkachuk, J. Gaudreau, J. Marchessault, E. Rodrigues, A. Lafreniere
RW: K. Fiala, J. Bratt, T. Jeannot V. Arvidsson
D: R. Josi, J. Trouba, E. Gustafsson,
G: L. Thompson, F. Gustavsson, V. Vanecek
NO IR