AD Posted August 22, 2005 Report Share Posted August 22, 2005 Does anyone have any tips on getting a reliable, personable, easy-to-reach, and CHEAP stock broker?I need one fairly soon...Thanks for your helpAD Link to comment Share on other sites More sharing options...
bradm Posted August 22, 2005 Report Share Posted August 22, 2005 Do you have a personal banking represetnative? (I do, at CIBC, for my RRSP and personal portfolio.) That might be a good place to start for either stock brokerage services, or a recommendation of where to get them.Aloha,Brad Link to comment Share on other sites More sharing options...
AD Posted August 22, 2005 Author Report Share Posted August 22, 2005 Well I do my personal banking through PC Financial, which is CIBC, so maybe I'll give them a shout.But if anyone else has advice about who they like, I'd be all ears... (eyes?)thanks Bradad Link to comment Share on other sites More sharing options...
Ms.Huxtable Posted August 22, 2005 Report Share Posted August 22, 2005 Tell us what you got there AD. I need some new shoes. Link to comment Share on other sites More sharing options...
AD Posted August 22, 2005 Author Report Share Posted August 22, 2005 I have some options in the company that I work for that are vesting... Nothing too exciting. Although I'd recommend everyone invest in Pulse Data, trading under PSD on the Toronto Stock Exchange. AD Link to comment Share on other sites More sharing options...
bradm Posted August 22, 2005 Report Share Posted August 22, 2005 Are you looking to exercise the options and keep the shares? The company I work for sometimes gives options, and allows me to exercise them "cashlessly", which means I fill out a form, and (a week or so later) they give me a cheque for the proceeds (without me ever owning the shares).Aloha,Brad Link to comment Share on other sites More sharing options...
AD Posted August 22, 2005 Author Report Share Posted August 22, 2005 Yeah, that's what we do here too, I just need a broker to do it. AD Link to comment Share on other sites More sharing options...
Blane Posted August 22, 2005 Report Share Posted August 22, 2005 (edited) If you're planning on setting up a portfolio, I'd strongly recommmend shopping around for a rep. rather than just going with whoever your bank branch supplies. I went with my bank and have been pretty unimpressed with the quality of service and expertise they've offered. Nice enough people, but I don't feel like I'm getting anything other than transactional support (ie. processing my deposits), rather than expert advice. Thinking about cashing out soon. I like the looks of www.ethicalfunds.com for investment options (you need to deal with a 3rd party to buy into the funds though). They seem to perform quite well and all their investments are put through a screening process for Socially Responsible Investing.Enjoy.oh yeah, and for a good info resource on investing in canada, check out:www.globefund.com for fundswww.globeinvestor.com for stocks. Edited August 22, 2005 by Guest Link to comment Share on other sites More sharing options...
timouse Posted August 22, 2005 Report Share Posted August 22, 2005 wow AD, two weeks ago you were selling stuff left and right, and now you need a broker! you must have gotten a lot for the bike Link to comment Share on other sites More sharing options...
AD Posted August 22, 2005 Author Report Share Posted August 22, 2005 hahah, i didn't mention it was made out of platinum? ad Link to comment Share on other sites More sharing options...
timouse Posted August 23, 2005 Report Share Posted August 23, 2005 hahah, i didn't mention it was made out of platinum? ad i should have guessed. and if you are indeed looking to invest money and sleep at night, i would give serious thought to ethical funds. on the other hand, if you have given up all hope of things getting better and would like to make a profit while rome burns, there's always the Defense Index. Link to comment Share on other sites More sharing options...
AD Posted August 23, 2005 Author Report Share Posted August 23, 2005 i'm just looking to sell, not to buy. it fits with my selling things,,, i am in need of cash. so i am exercising some options and selling some shares.nothing crazy happening here. just trying to get some cash.ad Link to comment Share on other sites More sharing options...
MoMack Posted August 23, 2005 Report Share Posted August 23, 2005 If you're planning on setting up a portfolio, I'd strongly recommmend shopping around for a rep. rather than just going with whoever your bank branch supplies. I went with my bank and have been pretty unimpressed with the quality of service and expertise they've offered. Nice enough people, but I don't feel like I'm getting anything other than transactional support (ie. processing my deposits), rather than expert advice. Thinking about cashing out soon. I like the looks of www.ethicalfunds.com for investment options (you need to deal with a 3rd party to buy into the funds though). They seem to perform quite well and all their investments are put through a screening process for Socially Responsible Investing.Enjoy.oh yeah, and for a good info resource on investing in canada, check out:www.globefund.com for fundswww.globeinvestor.com for stocks.Dumb question - how do I find the third party? And what sort of fees shoudl I expect? Link to comment Share on other sites More sharing options...
Blane Posted August 23, 2005 Report Share Posted August 23, 2005 (edited) really, the best way to get a broker is through word of mouth. If you know some folks that invest, they might have someone that they really like. Otherwise you can use the yellow pages I guess, or the net. As for how fees work with an independant broker, I'm not sure. With banks the fee is built into the fund (ie. they get 2% or whatever off your returns so you never actually see the money go). With stock purchases, I have no clue whatsoever. Again,t he globe sites above probably give better info that the minimal understanding I have of the financial world.For a basic primer on starting with investment funds click here: http://www.globefund.com/centre/GettingStarted01.htmlDon't see one for stocks. Edited August 23, 2005 by Guest Link to comment Share on other sites More sharing options...
SmoothedShredder Posted August 23, 2005 Report Share Posted August 23, 2005 GET THE BLUE CHIP GICS from The NASDAQ and Downgrade Microsoft while hedging NORTEL with ALCATEL!!! STAT! Link to comment Share on other sites More sharing options...
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