Author Archives: BetCrooks

Reviewing Your BMO InvestorLine Account Holdings

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At times, such as before you purchase a new investment for your BMO InvestorLine account, you may wish to review your holdings. For example, if you spot a short-lived opportunity to buy TD at $78.99 and you want to add it to your existing holdings, you’d better make sure which account you bought that original TD in all those years ago. Here’s how.

You may have a variety of accounts with BMO InvestorLine:

  • a non-registered regular trading account with BMO
  • a TFSA account
  • a RRSP account, and
  • a RESP account

Before you purchase shares, you will need to choose which account they will be held in and make sure the money is in that account ready to settle the trade.

If your contribution room is zero for a TFSA, RRSP, RESP or other registered account, remember you can not simply add more cash to the account. In that case you would have to sell another investment to be able to re-invest the cash into a new set of shares.

To review your choices, it’s best to login to your account.

How to Review your Holdings in a BMO InvestorLine Account

  1. Go to BMO InvestorLine at: https://www.bmoinvestorline.com/
  2. To sign in to your BMO InvestorLine account/s:
    1. In the User ID or Account # field, type your account number or
      if you have grouped your accounts under one User ID, type your User ID.
    2. In the Password field, type your password.
    3. Click on the Go button.
  3. From the drop-down list on the right side of the screen, select which account you wish to make the purchase in.
    For example, I selected my RRSP account.
  4. To quickly review your account, under the My Portfolio tab, click on Holdings.
  5. You can check the Cash Balance in your account and the status of your other investments.
  6. When you are done, click on the Sign Out link.
  7. For increased security, close your browser session.

Related Reading

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Have you ever found any surprises when you checked your Holdings for a BMO InvestorLine account? Did you ever keep a hawk-like watch waiting for the new shares from a split to appear? Please share your experiences with a comment.

Credit Cards Exposed: A Collection of Articles on (Possibly) Our Favourite Piece of Plastic

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Recently I wrote about what happened when our credit card was somehow hacked in “What Happens When Your Credit Card is Used Illegally and Fraudulently?”

Ironically, the card that was used illegally was not the one we use for online shopping. We “Reduce the Risk of Online Shopping with a Low Limit Credit Card” and it seems to be working for us.

I’ve read some other interesting articles about credit cards and the perils thereof. Here are a few you might find worth a skim. (Get it: “skim.” Stealing credit card data? You just can’t buy puns like these even if you subscribe to the Globe and Mail online.)

Big Cajun Man explored the landmines that arrive in the mail in his article Credit Card Cheques, What Gives?

Robb Engen of Boomer and Echo wrote in the Toronto Star about 4 Reasons to Avoid a Rewards Credit Card

The Blunt Bean Counter points out that using one points (see the pun?!) card for your business and personal expenses is “an audit nightmare waiting to happen” in Credit Cards – Tax, Budget and Repayment Issues

Some time ago, Michael James on Money ran the numbers to find out what it costs to pay his credit card bill ahead of time in The Cost of Paying Bills Early. Is it worth paying this “premium” to insure against missing a payment due date?

The comments in Retire Happy’s TFSA or Pay Down Debt? make for interesting reading. Is it better to have an emergency cash supply so you can keep making the minimum payment on your debts, or to pay off the debts and not have an emergency fund? There’s more at work than just the interest $$.

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Have you read a favourite article about credit cards? Please share your opinions with a comment.