BMO How To’s | Financial Crooks

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?!

How Do I Get $9.95 Trades for my RESP Account at BMO InvestorLine

If you want to start trading for $9.95 faster in your RESP account, here’s what you may have to do; at least until all the brokerages start offering $9.95 trades to all customers like RBC Direct Investing has recently started doing.

How To Add a RESP Account to Your BMO InvestorLine User ID

InvestorLine lets you group accounts, such as a TFSA, RRSP, LIRA or RESP, under a single User ID to simplify checking your portfolios and to benefit from reduced trading fees and commissions. Here’s how to add a new account to an existing User ID–and whether it reduced the trading fees on my new RESP account immediately–or not.

How to Make a Contribution to your RESP Account at BMO InvestorLine

You can easily make a lump sum contribution or set up a monthly deposit into your BMO InvestorLine RESP account if you have a BMO bank account. Here’s how.

How to Set Your Trading Password for a BMO InvestorLine Account

Some brokerages don’t have two passwords, one for signing in and one for executing a trade. InvestorLine does which I think is a good thing. Here’s how to set or change your trading password.

Signing in to your BMO InvestorLine RESP Account for the First Time

When you first sign in to your InvestorLine RESP account you’ll need to know what a professional subscriber is and whether you are one. You’ll also set up your security questions and passwords, and then you can finally take a look at the price of equities, ETFs and the yields of GICs. This article tells you how.

How to Open a RESP Account at BMO InvestorLine

I procrastinated for no reason: it wasn’t particularly hard to open a RESP self-directed brokerage account at InvestorLine. If you’ve been putting it off, maybe this will inspire you, too. It also explains what to do if you can’t find your old red-and-white-now-turning-yellow-with-age-broken-in-half-and-scotch-taped-back-together SIN card.

How Long Does It Take to Transfer a TFSA from ING Direct to BMO InvestorLine?

Do you think the market is going to drop 25% early this year? Is your cash waiting in the correct account ready to buy, buy, buy? Don’t miss the market by having your cash lost in limbo between banks while the market rebounds. Tidy up any transfers today.

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.

What’s the Most Expensive Way to Add US Dollars to my BMO InvestorLine USD RRSP Account?

OK, maybe this is the most expensive way to stock up on USDs, but how bad is it, really?

Is the ING Direct 2014 TFSA Kick Start Account a Good Idea and How to Open One

How does opening a TFSA help me pay for my dim sum fix?

Where Should I Start a Self-Directed RESP?

There are many factors to consider when choosing where to open a RESP brokerage account, from annual fees (no minimum balance needed at this Big Bank brokerage!), to ETF commissions (some can be traded with no fees at this other Big Bank brokerage), to customer service and which grants can be accepted. Here’s some factors we considered while pondering where to put that hard-earned future-beer money.

Astonishing 12 Month Target Prices for CU Reported on BMO InvestorLine: Should I Buy?!

Wow, the pundits think my CU shares are going to double this year! Or do they? Here’s what I found when I dug a bit deeper.

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.

How to Place an Order to Buy Shares of Stock in a Company with BMO InvestorLine

An entire article on how to place a Buy Order? It takes about 15 seconds! True but this article slows it down to discuss things to consider and provides detailed instructions. After all you could also buy a car by walking into the dealership and paying what they ask for the first vehicle they show you. Take the time to execute a cost effective share purchase.

Review the Dividend Yield, Timing and Ex-Dividend Date for Shares of a Company’s Stock Using BMO InvestorLine

InvestorLine’s Quotes+ will tell you if you buy a stock today whether you will get the next dividend payment. It will also give you some of the information you need to compare two or three dividend-paying stocks. Be careful though! There are some important things to watch out for.

Reviewing Your BMO InvestorLine Account Holdings

If you have a variety of types of investing accounts (or worse have a variety of types of accounts at a variety of brokerages) you may need to double check your cash is where you think it is before executing a killer trade when your jaguar-sharp instincts spot an opportunity to pounce.

Review the Pricing History for Shares of a Company’s Stock Using BMO InvestorLine

Before you buy a stock it’s a good idea to review the short- and long-term pricing history. Just because a stock has shot up $3 does this week does not mean it will stay up. If some rumour or stock tip newsletter is spiking an unsustainable price increase, now is NOT the time to buy. Check first by following these handy instructions for a BMO InvestorLine account.

How to Get Ready to Buy Shares of Stock in a Company through a Self Directed Account

It’s easy to buy shares using an online brokerage, perhaps even a little TOO easy. Here are some factors to consider before clicking that Submit Order button.

How Can I Look Up What I Did, When I Did It and for How Much in a BMO InvestorLine Account?

If you hold stocks like a hot potato (now you have them, now they’re gone, now you have them again) you may sometimes need to review the history of your buys, sells, distributions and payments quickly and easily. You can use the Transaction History screen to take a focused snapshot of the past two year’s history with a stock, in all its gore and glory.

How to Save your Account Transaction History for a BMO InvestorLine Account

Will a copy of the transaction history for your account help you if you’re audited? Perhaps, perhaps not, but it’s a simple report that may help you keep your facts straight while under pressure. I find it worth the few kb of storage space to download and save.

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 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.)

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.

How to Sell a Mutual Fund in a BMO InvestorLine Account

Instructions for how to dispose of that loser fund you bought based on advice from your sister’s husband’s brother’s wife’s uncle’s cousin’s mother who is a millionaire.

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.

Setting Up a DRIP for a Stock or ETF at BMO InvestorLine

How to set up a DRIP for a specific holding with BMO InvestorLine and when it won’t actually yield you any new shares.

How to Make a TFSA Contribution to a BMO InvestorLine Account and How Long It Takes to Get There

Who knew it could take THIS long for an electronic contribution from BMO to BMO to land? Includes instructions.

A Review and Comparison of Real Time Stock Prices at CIBC Investor’s Edge and BMO InvestorLine

After providing instructions on how to get a real time stock price for an Investor’s Edge or InvestorLine account, we review what’s good and bad about BMO’s and CIBC’s reports of the stock price including which reports trade time to the second, which tells you your current cash balance, and which reports the day’s highs and lows for the stock.

Financial Crooks

An Honest Crooks Shares Financial Tips and Investing Experiences