Quote:
Originally Posted by DoubleK
Thanks for your post. Sorry it took me so long to respond, life got in the way.
Originally, I was just investing with TD through a normal RRSP/TFSA account through my branch. Last year, I was approached by their wealth planning arm through TD Waterhouse to move my accounts there. I was under the impression that it was self-directed with more flexible options interms of my investments, ie not limited to their e series mutual funds. I subsequently found out that TD Financial Planning (which I have) and TD Direct Investing are separate entities. My advisor has to make all changes to my account, I don't have the ability to do it myself, I can't even add to my monthly contributions without contacting them, something I was able to so before.
I'm not looking to day trade or even buy individual stocks. Just simply limit my fees and index the cheapest way possible. I'm adding about $1500 a month combined between TFSA/RRSP.
What platform should I be looking at?
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What
are you looking to invest in and how do you want to use the account? ETFs? Mutual funds?
If you want to buy index ETFs, Questrade has $0 commissions to
buy ETFs, but standard commissions to sell ($0.01 per share, minimum of $4.95 to a max of $9.95) (
pricing). And if you want to invest using margin, you can use the balance in your TFSA as buying power in your Questrade margin account.