Stop those Monthly Statements from Arriving by Mail from CIBC Investor’s Edge

If you’re like me, you keep close tabs on your investments. Getting a monthly paper statement of my transactions from CIBC Investor’s Edge was just keeping my shredder humming. So I changed my user preferences and switched to electronic statements.

Are eStatements from Investor’s Edge the Same as the Paper Statements?

Before switching, I did check what an eStatement looks like. After logging in to Investor’s Edge, I clicked on eStatements under the Account Information heading on the left side of the screen.

A quick check showed the electronic statements are identical to the statements I have been receiving in the mail. So I’m comfortable stopping the presses.

Stopping Paper Statements Also Means Stopping Paper Tax Slips, Trade Confirmations and Fee Statements

Of course there’s always a catch. Continue reading

Pros and Cons of Email Alerts from CIBC Investor’s Edge

You can set Alerts within your CIBC Investor’s Edge account to send you an email message when the price of a stock changes, when a stock split is announced, when the market moves and for hundreds of other criteria. But is it valuable to set these Alerts? Perhaps they will provide the information you need to make the optimal decisions for your investments. Perhaps not. Here are some of the pluses and minuses of the system generating alerts for CIBC Investor’s Edge.

Pros of the Investor’s Edge Alert Email System

Investor’s Edge permits you to enter two email addresses and a SMS phone text message address. This is an efficient way to make sure you’re connected to the right device when the Alert is issued. (BMO only allows you to add one email address or wireless address.)

You can select whether the email messages should be delivered in Continue reading