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08-11-2017, 01:42 PM
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#9476 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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guys what which brokerage do you guys use. questrade is getting expensive especially since I play with options now more than actual equities.
Can anybody recommend a good brokerage that is cheap for option trader, has a great platform? Under 100k account here
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08-18-2017, 06:22 AM
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#9477 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
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IB
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09-04-2017, 12:55 PM
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#9478 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,646 Times in 1,021 Posts
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I recall InteractiveBroker transfer process for transferring your securities from questrade was pretty easy. Was the $1:00 min fee for buy and sell?
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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09-12-2017, 07:59 AM
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#9479 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
Posts: 8,236
Thanked 934 Times in 374 Posts
Failed 59 Times in 30 Posts
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Anyone else getting killed by the exchange rate?
My TFSA a few months ago hit $73k, it's now at $64k... lol
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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09-14-2017, 09:47 PM
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#9480 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
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I just opened a Questrade account TFSA. Looking to purchase some USD stocks, the most cost effective approach is to transfer USD funds to purchase. If I didn't have any USD funds in my bank, how does the CAD get converted to USD in order to purchase USD stocks?
Looking to only play with a few thousand dollars.
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09-15-2017, 01:35 PM
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#9481 | | HELP ME PLS!!!
Join Date: Sep 2001 Location: Vancouver
Posts: 5,554
Thanked 63 Times in 26 Posts
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Questrade tfsa or any register account will automatically convert the cad in your account to usd at the end of the day if you buy a USD stock. The proceeds will remain in usd balance if you sell.
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09-15-2017, 01:39 PM
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#9482 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
Posts: 8,236
Thanked 934 Times in 374 Posts
Failed 59 Times in 30 Posts
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Not sure if it's the case with all TFSA accounts but with Questrade, you're not allowed to have foreign cash. It's all CDN. When you buy USD equities, it'll show a negative amount USD. It then exchanges enough CDN to cover the USD.
Same if you sell. It'll show you have USD after you sell but it converts it back to CDN. If you play the dividend game, you have to make sure you reinvest it before it gets exchanged to CDN otherwise, you'll get dinged with forex twice. Or... setup a DRIP and not worry about it.
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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09-15-2017, 05:36 PM
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#9483 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
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Originally Posted by !LittleDragon  Anyone else getting killed by the exchange rate?
My TFSA a few months ago hit $73k, it's now at $64k... lol | I'm down about 1% on my TFSA from my last quarterly statement (continuing to invest bi-weekly, but I dropped my contribution significantly to get more of my SO's debt paid off before the interest rates started to increase). Maybe 2% down accounting for the contributions.
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10-13-2017, 11:33 PM
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#9484 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
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| Quote:
Originally Posted by Euro7r I just opened a Questrade account TFSA. Looking to purchase some USD stocks, the most cost effective approach is to transfer USD funds to purchase. If I didn't have any USD funds in my bank, how does the CAD get converted to USD in order to purchase USD stocks?
Looking to only play with a few thousand dollars. | the most cost effective way to convert cad to usd in a trading account is to use the Norbit's Gambit method
1.buy DLR (canadian ticker) with Cnd,
2. Contact questrade customer service directly
3. request to have your DLR stock journal over to DLR.U
4. sell your DLR.U stock and get Usd.
You only pay the commission to buy and sell stock and a slight variation in bid/ask spread. Overall this will be much cheaper than just letting questrade convert your money. Make a even bigger different the more money you are exchanging
Anybody got caught up with the HMNY/moviepass mess? got in $9, got out at like $20. Saw the craziness and try to day trade scalp it. Got caught at the top…. Lost everything I made on the come up and a little more 
saw a lot of massive lost on this stock online…. like suicide inducing lost
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10-14-2017, 11:47 AM
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#9485 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,646 Times in 1,021 Posts
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ANy know how much questrade charges for conversion? In the account history it shows no commission / charge for conversion...
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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10-17-2017, 12:48 AM
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#9486 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by Gerbs ANy know how much questrade charges for conversion? In the account history it shows no commission / charge for conversion... | It’s tack on to the exchange rate itself.
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10-31-2017, 09:32 PM
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#9487 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,646 Times in 1,021 Posts
Failed 253 Times in 72 Posts
| Quote:
Originally Posted by threezero the most cost effective way to convert cad to usd in a trading account is to use the Norbit's Gambit method
1.buy DLR (canadian ticker) with Cnd,
2. Contact questrade customer service directly
3. request to have your DLR stock journal over to DLR.U
4. sell your DLR.U stock and get Usd.
You only pay the commission to buy and sell stock and a slight variation in bid/ask spread. Overall this will be much cheaper than just letting questrade convert your money. Make a even bigger different the more money you are exchanging
Anybody got caught up with the HMNY/moviepass mess? got in $9, got out at like $20. Saw the craziness and try to day trade scalp it. Got caught at the top…. Lost everything I made on the come up and a little more
saw a lot of massive lost on this stock online…. like suicide inducing lost | Wish I knew about this earlier. New to investing and transferred like $15k CAD through the 200 basis points fee lol. Oh well, better to learn now than when you realize $100 - 200k later.
On the other side. What's everyone else holding onto? I have about 50% of portfolio into AAPL / BABA / JD / SBUX. Other 50% is in Canadian Bank / REIT / AI Index.
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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11-02-2017, 11:08 PM
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#9488 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by Gerbs Wish I knew about this earlier. New to investing and transferred like $15k CAD through the 200 basis points fee lol. Oh well, better to learn now than when you realize $100 - 200k later.
On the other side. What's everyone else holding onto? I have about 50% of portfolio into AAPL / BABA / JD / SBUX. Other 50% is in Canadian Bank / REIT / AI Index. | I gave up trying to "trade" the bigger name blue chips and indexes… I dont have enough capital to make a worthwhile difference.
Split half of my portfolio into wealthsimple and let them auto reconfigure my holdings.
they are holding various boring stuff, broad index, government and corporate bonds blue chips etc….
the other half i have went full retard day trading options and/or sub $10 small and mid cap stuff.
currently holding WEED.TO and HIVE.V mad gainz  | |
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11-06-2017, 07:31 PM
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#9489 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
Posts: 4,157
Thanked 1,346 Times in 589 Posts
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Anyone buy WEED stocks?
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11-06-2017, 08:05 PM
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#9490 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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Originally Posted by Euro7r Anyone buy WEED stocks? | Not sure why WEED went up again. Pretty sure I read about the 10% stake by Constellation last week. Guess finalization?
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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11-07-2017, 11:21 AM
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#9491 | | Need my Daily Fix of RS
Join Date: Nov 2014 Location: Burnaby
Posts: 276
Thanked 247 Times in 90 Posts
Failed 42 Times in 16 Posts
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Originally Posted by Euro7r Anyone buy WEED stocks? | Sure Did
Bought 20k worth of
Weed
Aph
Acb
Abcn
All doubling my investment..In a TFSA  | |
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11-07-2017, 12:32 PM
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#9492 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,646 Times in 1,021 Posts
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Sold acb early on ��. All in baba ��
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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11-08-2017, 09:14 PM
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#9493 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by Euro7r Anyone buy WEED stocks? | Early investor. Sitting at cost average $4.20 here | |
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11-14-2017, 03:58 PM
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#9494 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
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My brother put in approximate 500k in ACB at an average of 2 bucks a share...I told him he was crazy
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11-14-2017, 04:48 PM
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#9495 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
Posts: 3,077
Thanked 299 Times in 72 Posts
Failed 8 Times in 8 Posts
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Bought in at $2.01, took awhile tho for ACB.
Friend bought in at $0.81 a piece
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,___,
[O.o]....O'Rly?
/)__)
-"--"-
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11-21-2017, 02:41 AM
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#9496 | | Oh goodie, 5 posts already!
Join Date: Oct 2013 Location: burnaby
Posts: 9
Thanked 17 Times in 4 Posts
Failed 1 Time in 1 Post
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Been in the basement floor of the MJ sector since WEED was still CGC and was sitting sub 2$. The ground floor for this sector is far gone, however any of you guys invest in the Australian pot market? Its where Canada is but about 5 years back.. some massive gains to be made. This is ground floor and should definitly be worth taking a look at.
Auscann
MGC pharma
MMJ phytotech
Creso Pharma
etc..
Not to mention Canopy has a huge foothold share in Auscann (aka the canopy of australia)
Aussies are fast tracking legalization of medical mj..
Logicstically speaking, Australia is much closer to Asia and can become a monster in the game when legilsation changes.
I my self dont know much about investing in foreign companies. I had baught shares through TD at 300$ a trade... insane.. Can anyone here enlighten me on how taxes and capital gains work on foreign investments? I have shares in both my TSFA and regular trading accounts..
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11-21-2017, 09:09 AM
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#9497 | | Need my Daily Fix of RS
Join Date: Nov 2014 Location: Burnaby
Posts: 276
Thanked 247 Times in 90 Posts
Failed 42 Times in 16 Posts
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Tsfa Gains are not taxable.
Any other gains would be most likely be subject to ruffly a 39percent tax on your profit.  | |
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11-21-2017, 02:11 PM
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#9498 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,646 Times in 1,021 Posts
Failed 253 Times in 72 Posts
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Capital gains from foreign investment would be multiplied by 1/2 then added to taxable income
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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11-27-2017, 04:14 PM
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#9499 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by mr2mr2mr2 Been in the basement floor of the MJ sector since WEED was still CGC and was sitting sub 2$. The ground floor for this sector is far gone, however any of you guys invest in the Australian pot market? Its where Canada is but about 5 years back.. some massive gains to be made. This is ground floor and should definitly be worth taking a look at.
Auscann
MGC pharma
MMJ phytotech
Creso Pharma
etc..
Not to mention Canopy has a huge foothold share in Auscann (aka the canopy of australia)
Aussies are fast tracking legalization of medical mj..
Logicstically speaking, Australia is much closer to Asia and can become a monster in the game when legilsation changes.
I my self dont know much about investing in foreign companies. I had baught shares through TD at 300$ a trade... insane.. Can anyone here enlighten me on how taxes and capital gains work on foreign investments? I have shares in both my TSFA and regular trading accounts.. | anybody have more info on these aussie weed stock? questrade saids you are allow to hold asx stock in a tfsa
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11-27-2017, 10:00 PM
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#9500 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,440
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
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__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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