What To Do With the Cash in My RRSP and TFSA Brokerage Accounts
It’s time to park my cash so what can I get for it and how?
How to Buy a GIC at BMO InvestorLine with the New (2015) Fixed Income Investment Screens
BMO InvestorLine has been updating its fixed income management screens, so I have been updating my fixed income investing procedures!
Is the Tangerine Offer of Cash for Transferring Your RRSPs to Them a Good Deal? Where Should I Consider Keeping my RRSP Investments?
Tangerine is offering a small cash incentive for transferring a large RRSP to them. Is it a good deal? Where else should you consider keeping your RRSP money?
Where Can I Get the Best Rate of Return on my RRSP GIC?
It’s getting harder each year to find a good rate for a GIC even during “RRSP Season.” Here’s what was available today including 2.4% for a 1-year term.
Simplifying and Improving Our RRSPs: a Review of the Progress Made Over 4 Years
How one piece of paper can save your spouse $1 500 or more. This and other things I learned while straightening out the tangled strands of our RRSP skein.
How Do I Group InvestorLine Accounts Under a User ID and Whose Accounts Can I Group?
If I could convince my neighbour to allow me to see his account balance, portfolio holdings and transaction history, I could add his account to my InvestorLine User ID to achieve the 5 Star Program level and get Level II quotes. Who knew?!
I’m Not Sure What to Do with My RRSP Money—What Should I Do Till I Decide?
It’s open season for banks angling to land your RRSP dollars. If you don’t want to be hooked like a Sucker on spring migration, instead of rushing into a RRSP investment, you may want to park your contribution in a short-term investment. Here are a few factors to consider and options to evaluate.
Get Ready to Die: Beneficiary and Successor Account Holder Forms for your Online Brokerage Accounts
Are you ready to die? Do you want to shout “hands off my money” at the government as you perish? Do you know the difference between a Successor and a Beneficiary and why it matters? If you’re not part of Canada’s Distinct Society I encourage you to read on.
When Should I Switch to a Self-Directed Brokerage Account? As Soon As It’s “No Fee”
When’s the right time to open a self-directed online discount brokerage account? In my case, about 1.5 years ago: Guess I’d better get cracking.
If I Transfer a Stock to my US $ InvestorLine RRSP After the Record Date Where Does the Dividend Go?
After I goofed and shifted stock from my Canadian to my US ledger in my InvestorLine account after the Date of Record, I checked to see where the dividend appeared.
Which of the Big 5 Brokerages Offer a US Dollar Side, Journal, Ledger or Sub-Account for an RRSP?
If you receive large distributions or dividends paid in US dollars it may be worth having a US dollar sub-account within your RRSP. Unfortunately only some of the Big 5 Bank discount brokerages offer this option. Here’s which ones.
Where Can I Find My US Ledger Stocks in My BMO InvestorLine RRSP or TFSA Account?
I transferred some TD from my Canadian InvestorLine account to my US ledger, then I couldn’t find it. Here’s where to click to see your US holdings easily.
What to Watch for When Transferring a Stock to the US Dollar Side of an InvestorLine Account
Ok here’s an easy post to read and prove to yourself that you are much smarter than I am, although I doubt that was ever in question. AKA “Don’t do what I did when moving a dividend-paying stock to your US dollar sub-account.”
How Can I Move a Stock I Hold from the Canadian Side to the US Side of my InvestorLine Account?
Once more I sally forth (like the comic strip) to test how to do something weird in my InvestorLine account: This time my task is relatively benign as I attempt to move some, but not all, of my shares in a certain Canadian financial titan from the Canadian side of my RRSP account to the newly-minted US side. Once more InvestorLine makes mysterious entries into my transaction history and My Portfolio Holdings which I will attempt to de-code to see what has happened or failed to happen and when.
How to Set Up a US Dollar Ledger or Side for a BMO InvestorLine RRSP Account
I finally took the plunge and created a US dollar sub-account within our BMO RRSP account. How difficult could it be? I wondered nervously. As bad as trying to buy a GIC for our kids’ RESP at the branch? Surely nothing could top that…?
How to Transfer Cash to an RRSP at ING Direct from another RRSP Using a T2033 Form
The current federal government has essentially killed the value of investing in Canada Savings Bonds so it’s time for us to transfer out our holdings in the free Canada Retirement Savings Plan. This same method also works for any transfer of a cash RRSP to an ING Direct, now Tangerine.ca, RRSP. If you need to consolidate your investments at ING Direct, now Tangerine.ca, here’s how to do it.
Stocks are Falling: Buy, Buy, Buy!
A strategy for falling markets: Fling a Frisbee!
Checking the Current Real Time Price for an Equity Using BMO InvestorLine
Do you want to know the REAL price of a stock not some ancient history 20-minute-delayed price? Use your InvestorLine account to access up to the several-times-a-minute facts.
How Fast Can I Sell my BMO InvestorLine AAT770 HISA to Generate Cash to Re-invest?
This is what I found out when I tested the speed of a sale of AAT770, BMO’s daily interest savings account no load fund, including the surprise perq on a 7-day investment.
Transferring RRSP Cash from CIBC to a BMO InvestorLine RRSP Account
How I moved what had been a RRSP GIC from CIBC to InvestorLine, including what it cost and how long it took. The moral of the story: don’t invest at every branch bank you live near.
How to Invest in the AAT770 High Daily Interest Savings Account Fund, HISA, at BMO InvestorLine
BMO InvestorLine has a new HISA available with a minimum required balance of $5000. Here’s how to buy some of this fund to deposit your money while you wait for a pullback or the optimum moment to execute your precision 50-bagger trade. (And a cynical observation about how else BMO could have offered interest for cash holdings.)
Investing in the AAT770 Daily High Interest Savings Account Fund, HISA, for BMO InvestorLine RRSP, TFSA and Other Accounts
BMO InvestorLine has made a significant improvement to its HISA option, changing it from the absurd to the reasonably useful. Please read on to learn about this new high interest savings account fund, the rate it pays and the required minimum investment.
How to Buy a GIC in a BMO InvestorLine Account
Lists which types of GICs are sold by BMO InvestorLine, what fees are payable, how to buy one, whether the GICs rollover at maturity, and when to expect interest and principal payments to land in your stash of Cash.
Does It Cost Anything to Transfer Part of my ING Direct RRSP to Another Institution?
How to transfer your RRSP from ING Direct, now Tangerine.ca, to InvestorLine or Investor’s Edge or another financial institution. Includes information on where to get the T2033 and how long it will take.
How to Transfer Assets to a BMO InvestorLine Account from Another Bank Using a T2033 Form
What do you need to have ready before you transfer assets from one financial institution to your BMO InvestorLine account? How can you fill out the T2033 form and where should you send it? What glitches are likely to happen and how can you prevent some of these annoying mistakes and hold ups? Get the scoop from someone who has slain this paper dragon before.
Are ETFs (Exchange Traded Funds) Better than Mutual Funds?
What are the tax differences between ETFs and mutual funds and the differences in how they DRIP? These and other features are important to examine before making a purchase.
The Types of Mutual Funds, Why They’re Good, and Quick Buying Tips
Mutual funds don’t just invest in equities. Here are 4 other types of mutual funds that you should consider buying.
Can I Transfer my RRSP and TFSA Mutual Funds from BMO to a Self Directed InvestorLine Account?
What we discovered when trying to transfer mutual funds from BMO to InvestorLine and why I enrolled in the Ostrich School of RRSP Investing.
RRSP Strategies Part 2 Move the Money Where You Want to Keep It. Choosing a Long Term RRSP Investment Account
How to choose a long term RRSP investment account, including bank accounts vs brokerage accounts, and how to transfer short term RRSP savings.
What Happens When You Sell a BMO Mutual Fund in Your BMO InvestorLine Account
BMO InvestorLine sold my mutual fund properly but it sure could improve this aspect of the sale.
Why Would It Be Worth Buying or Selling Only a Few Shares?
You may need to buy or sell fewer than 100 shares while maximizing your TFSA or RESP but also as a profitable strategy.
Can I Buy or Sell a Small Number of Shares of a Stock, Say 18?
Is it possible and permitted to buy or sell only a small number of shares in a company’s stock? For example, can I sell 18 shares of CU using BMO Investorline?