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James Baud posted:I've never understood the love affair that Canadian broker reviewers have always had with Qtrade. There's only one thing Qtrade does better than other brokerages as best I can tell (and I have looked around and made trades in someone else's account) and that's support for holding the more esoteric RESP grants in unrestricted accounts. Free ETF purchases?
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Aug 7, 2017 20:24
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Qtrade's free ETF selection is very limited. You may be thinking of Questrade. How there isn't some sort of trade mark dispute over their names baffles me.
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Aug 7, 2017 20:39
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Yeah Questrade is great for ETFs.
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Aug 7, 2017 20:53
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I use questrade for my money adventures. It's cheaper sure, but there have been days with downtime. Depending on your trading style you might want to stick to a full service broker. I mean if you have 20k in weekly options you need to sell and the service goes down, lol.
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Aug 8, 2017 01:52
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Risky Bisquick posted:I use questrade for my money adventures. It's cheaper sure, but there have been days with downtime. Depending on your trading style you might want to stick to a full service broker. I mean if you have 20k in weekly options you need to sell and the service goes down, lol. I use InvestorLine because I trade pretty infrequently and $10 a throw is worth it for the knowledge that the thing will actually exist in 5 years time, and so I'll be spared the headache of paperwork etc when an inevitable acquisition or bankruptcy occurs.
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Aug 8, 2017 02:44
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Lexicon posted:I use InvestorLine because I trade pretty infrequently and $10 a throw is worth it for the knowledge that the thing will actually exist in 5 years time, and so I’ll be spared the headache of paperwork etc when an inevitable acquisition or bankruptcy occurs. Be sure to post when it’s the fifth anniversary of your making this choice 
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Aug 8, 2017 02:52
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pokeyman posted:Be sure to post when it’s the fifth anniversary of your making this choice Ok, for sufficiently large N 
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Aug 8, 2017 03:07
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Risky Bisquick posted:I use questrade for my money adventures. It's cheaper sure, but there have been days with downtime. Depending on your trading style you might want to stick to a full service broker. I mean if you have 20k in weekly options you need to sell and the service goes down, lol. Huh, news to me. I hadn't heard they had that much downtime in the past. I use them for two of my retirement accounts and I rebalance twice a year so not something I really worry about though.
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Aug 8, 2017 03:21
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pokeyman posted:Be sure to post when it’s the fifth anniversary of your making this choice I've been with TD Waterhouse since 2008. There were fewer options back then and I'm lazy.
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Aug 8, 2017 04:32
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toe knee hand posted:I've been with TD Waterhouse since 2008. i signed up for qtrade because i thought it was the same thing as questrade and now i'm too lazy to change. it's fine. i only deposit every three months anyways and the free etf selection has vanguard total market funds so whatever
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Aug 8, 2017 04:36
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Lexicon posted:Ok, for sufficiently large N I don’t really expect to be at the same brokerage for an entire 40+ years of saving and investing, but I do see the logic of avoiding "the old brokerage won't exist next week" as a reason for switching. Out of curiosity, what would make you switch?
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Aug 8, 2017 04:56
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Wealthsimple has managed to lose $2000 worth of securities while transferring my TFSA. As in, don't know where they are. 
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Aug 9, 2017 03:45
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Rime posted:Wealthsimple has managed to lose $2000 worth of securities while transferring my TFSA. As in, don't know where they are. How long has it been since you wired the money?
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Aug 9, 2017 03:54
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Rime posted:Wealthsimple has managed to lose $2000 worth of securities while transferring my TFSA. As in, don't know where they are. If you were in any mutual funds purchased with the "help" of an advisor, the first thing I'd be checking is whether the former place charged you early redemption fees or deferred sales charges before giving you cash. Otherwise sometimes some stuff does arrive a bit later and the destination often needs to perform a second sweep to pick up loose dividends etc. If statements from old place show everything leaving, though, you do have a fun mystery on your hands.
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Aug 9, 2017 03:54
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They didn't liquidate any of the holdings, just transferred the portfolio over to their system, which is why this is an amazing gently caress up. It's been like two months since the transfer initiated so I reached out to them before I left on vacation and came back to an email basically going "Uhhhh. poo poo. We'll, uh, look into this. In the meantime can you send us your last TD statement to help us figure out what is missing?" I think I'll be transferring my portfolio back to Waterhouse. Rime fucked around with this message at 04:22 on Aug 9, 2017 |
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Aug 9, 2017 04:20
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Rime posted:They didn't liquidate any of the holdings, just transferred the portfolio over to their system, which is why this is an amazing gently caress up. A story like this on reddit could absolutely loving ruin a ~fintech~ startup like wealthsimple if it gets enough exposure, like on r/vancouver. But check this thread out: https://www.reddit.com/r/PersonalFinanceCanada/comments/5zlxrl/pretty_bad_wealthsimple_experience_alternatives/
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Aug 9, 2017 04:29
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Probably a silly question but for cashback credit cards does the cashback ding right away with any transactions? Or do you have to actually maintain that purchase balance past the grace period before the cashback kicks in so they manage to ding you for interest before counting towards the cashback?
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Aug 9, 2017 21:06
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Wirth1000 posted:Probably a silly question but for cashback credit cards does the cashback ding right away with any transactions? Or do you have to actually maintain that purchase balance past the grace period before the cashback kicks in so they manage to ding you for interest before counting towards the cashback? I've never paid any interest and i get a cheque for a few hundred bucks at the end of the year on my costco card
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Aug 9, 2017 21:20
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Wirth1000 posted:Probably a silly question but for cashback credit cards does the cashback ding right away with any transactions? Or do you have to actually maintain that purchase balance past the grace period before the cashback kicks in so they manage to ding you for interest before counting towards the cashback? Transaction just has to post, although any refunds will subtract equivalent cash back from your reward balance - the cards don't redeem instantly, more like one of: annually / when you pass some $$ threshold / on demand
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Aug 9, 2017 21:35
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the talent deficit posted:i signed up for qtrade because i thought it was the same thing as questrade and now i'm too lazy to change. it's fine. i only deposit every three months anyways and the free etf selection has vanguard total market funds so whatever If you trade every three months you need to be wary of their account inactivity fee. Also it's too late now but your transfer out fee will be about $150 per account.
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Aug 10, 2017 01:34
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Wirth1000 posted:Probably a silly question but for cashback credit cards does the cashback ding right away with any transactions? Or do you have to actually maintain that purchase balance past the grace period before the cashback kicks in so they manage to ding you for interest before counting towards the cashback? As another data point, the Tangerine card pays monthly. But yeah as has been said, there’s no need to carry a balance in order to get the cash back.
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Aug 10, 2017 02:31
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I've never had a cash back credit card its always been rewards stuff like SCENE points. My Petro-Points CIBC MasterCard turned into a cash back VISA Dividend card so curious how it all works. Thanks for the responses.
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Aug 10, 2017 02:58
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My HSBC mastercard gives me a flat 2% cashback on I think every purchase I make with it. It's annually debited onto the balance. Feels good every time until I do the math and figure out how much I spent the last year. I'm not sure if that's still available.
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Aug 10, 2017 04:32
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VelociBacon posted:My HSBC mastercard gives me a flat 2% cashback on I think every purchase I make with it. It's annually debited onto the balance. Feels good every time until I do the math and figure out how much I spent the last year. I'm not sure if that's still available. The MBNA rewards card is also flat 2% back, redeemable in demand once you have >$50 in rewards. It's $89 a year, but first year waived and you get a $100 welcome bonus so it's like the card is free for the first two years. Haven't had any problems with them other than disputing transactions being a pain as you need the paper statement to mark up and send back with proof of why it's an incorrect charge. Other cards I've had were so much simpler with just calling in whenever.
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Aug 10, 2017 12:38
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Same with my Amazon.ca Visa. Once you hit 2,000 points (1 point per dollar spent), it automatically redeems for $20 at the end of every statement.
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Aug 10, 2017 14:32
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quote:President's Choice is getting out of the banking business, selling its PC Financial unit to CIBC, which will rebrand the bank as Simplii. http://www.cbc.ca/news/business/cibc-1.4249139
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Aug 16, 2017 15:29
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Really hope they don't change anything. I don't want to have to go through the hassle of moving banks.
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Aug 16, 2017 17:18
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They absolutely will change things. With any luck they'll be slow about it, but now you gotta be even more vigilant.
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Aug 16, 2017 20:08
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The only reason they bought PCF is for the customers, so I don't expect them to gently caress with it too badly in the near term. I wonder why Loblaws sold.
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Aug 16, 2017 20:16
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pokeyman posted:They absolutely will change things. With any luck they'll be slow about it, but now you gotta be even more vigilant. The worst change for me is losing the PC kiosks in Loblaws. I could already use CIBC machines, so now the number of free ATMs just gets cut in half. Sucks from a convenience perspective.
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Aug 17, 2017 02:07
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I'm with HSBC so I never had decent ATM locations.
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Aug 17, 2017 02:08
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This is Canadian financially related though not strictly investing: My girlfriend is a Canadian permanent resident but never bothered to get a health card (forgetfulness or ignorance or procrastination). She recently had to stay in the hospital in Quebec. Can she apply for a health card when she gets out and be refunded? Or is she going to have to pay as if she was a foreigner?
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Aug 17, 2017 02:42
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A colleague made a good point re: rip PC Financial: look for some bonus cash to open a new account in the near future so they can juke the stats.Subjunctive posted:The only reason they bought PCF is for the customers, so I don't expect them to gently caress with it too badly in the near term. I wonder why Loblaws sold. Not even Canadians were interested in their grocery checkout clerk selling them a mortgage? Jordan7hm posted:The worst change for me is losing the PC kiosks in Loblaws. I could already use CIBC machines, so now the number of free ATMs just gets cut in half. Sucks from a convenience perspective. That blows. Tangerine went the opposite way after getting bought, expanding from weirdo ATMs at credit unions to anything Scotiabank. In general the lesson is to have no loyalty whatsoever to banks. Always be ready to switch.
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Aug 17, 2017 02:45
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Ccs posted:This is Canadian financially related though not strictly investing: It might be on her driver's license. At least here in BC you don't need to actually present a card or even the number, it's just something they look up (I work in healthcare). Does she have a PHN and not a card or does she not even have a PHN?
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Aug 17, 2017 02:53
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VelociBacon posted:It might be on her driver's license. At least here in BC you don't need to actually present a card or even the number, it's just something they look up (I work in healthcare). Does she have a PHN and not a card or does she not even have a PHN? No she doesn't drive, she just has a permanent resident card and a SIN number.
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Aug 17, 2017 03:22
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pokeyman posted:
Speaking of tangerine and no loyalty, can anyone recommend a good cash back card? Or a good guide for Canadians churning airline reward cards?
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Aug 17, 2017 05:05
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Demon_Corsair posted:Speaking of tangerine and no loyalty, can anyone recommend a good cash back card? HSBC MasterCard gives me 2% cash back on (I think) any purchase.
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Aug 17, 2017 05:31
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Jordan7hm posted:The worst change for me is losing the PC kiosks in Loblaws. I could already use CIBC machines, so now the number of free ATMs just gets cut in half. Sucks from a convenience perspective. Are they for sure getting rid of them? I could see a rationalisation made to keep them from Loblaws' perspective in that maybe it brings in some extra business. Also maybe give PC Financial users a place to change their chip PIN or whatever. Or they could rip them out and put up some more shoddy RCA TV marketing displays. Hard to say. edit: Ok they are indeed removing them. That's a shame. Rick Rickshaw fucked around with this message at 12:01 on Aug 17, 2017 |
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Aug 17, 2017 11:04
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Were the PCF ATMs really half of the available ones? That is surprising to me!
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Aug 17, 2017 15:51
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Subjunctive posted:Were the PCF ATMs really half of the available ones? That is surprising to me! On the flip side, I've never used a PCF ATM since my card was first issued. CIBC machines have always been closer when I need cash.
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Aug 17, 2017 16:30
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