The BBRY Café. [Formerly: I support BBRY and I buy shares!]
View Poll Results: Did you buy shares ?
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- Superfly_FRRetired Moderator... I didn't notice at first you deleted yours. THAT is over-classy, my fiend .
Sorry then, my answer was somehow inappropriate.Last edited by Superfly_FR; 01-19-13 at 08:14 PM.
01-19-13 07:30 AMLike 2 - Just be warned that if your stock investment goes down, you also lose your TFSA contribution room = double lose. If it goes up on the other hand, double win!
E.g. You contribute $5000 to your TFSA. If your stock goes to 0. Well, since your contribution room is calculated each year based on (TFSA Limit - Deposits + Withdrawals).
But right now with RIM, you should be pretty home free. (I think)
As for which stock broker, I went with Questrade. I think you need min of $5000 if you don't want to pay their monthly fee. (Or be a student)01-19-13 09:16 AMLike 0 - You don't have to worry about that. To my knowlege RIM is shipping phones as I write this messageSuperfly_FR and world traveler and former ceo like this.01-19-13 09:22 AMLike 2
- Ouch! $50/trade? That's horrible. ****, Questrade has trades as low as 4.95, most at $9.95. I pay $9.99 at TD but that's because of my minimum balance and trades per quarter. Normally it's $25.
RBC has the same pricing structure as TD. Questrade is cheapest and they also offer TFSA and RRSP trading. I can't really vouch for them because I haven't used them myself, but I'm looking at them to potentially consolidate my trading accounts with.
Edit: Really? CB censores h-e-l-l?
You can call your neighbourhood Edward Jones. They can have you up and in the market quickly, you will have to set up an account, give them a cheque, etc. AND you don't need to have big bucks. But there is a minimum $50 broker fee per buy and per sell. So if you buy 100 shares you need it to go up 1 dollar per share to break even. It will get you in the market with Rim quickly and then you can set up an online account if you wish to after. Do not forget also to get your tax-free-savings account registered if you haven't yet. You can put in up to $5500 this year and $5000 from the previous years. I don't know how much you want to invest but If you buy $100-5000 worth and you turn it to $20k, you keep that money tax free. But don't play it if you can't afford to lose it. Then you'd be better off investing your TFSA in low risk.01-19-13 09:27 AMLike 0 - As a rookie trader, long time blackberry supporter. I must admit I haven't enjoy reading a post as much as this one. Not to mention how informative the conversions are. :thumbup:
I do want to ask though, I currently have the shares in my TD Waterhouse account and have open up a TFSA trading account. What's the best way to transfer over? Also when I buy and sell, any key features I should watch out for? E.g stop sell out stop loss etc? Still a rookie here.
# goberrygoSuperfly_FR likes this.01-19-13 09:43 AMLike 1 - Your points about the TFSA are well-taken. Personally, I consider it well worth the risk, given the potential upside.
I use the online brokerage offered by my bank. Interestingly enough, there isn't a minimum deposit for TFSA accounts, though there is a $5000 minimum on retail brokerage accounts. Only real downside I've seen is that in the TFSA account I'm not allowed to trade optionsQmax likes this.01-19-13 10:10 AMLike 1 - Superfly_FRRetired ModeratorOuch! $50/trade? That's horrible. ****, Questrade has trades as low as 4.95, most at $9.95. I pay $9.99 at TD but that's because of my minimum balance and trades per quarter. Normally it's $25.
RBC has the same pricing structure as TD. Questrade is cheapest and they also offer TFSA and RRSP trading. I can't really vouch for them because I haven't used them myself, but I'm looking at them to potentially consolidate my trading accounts with.
I paid a package of €7 for the transaction, and an additional fee due to currency change (I believe around €7 too). Looks that finally, the noob had it right, again :
Edit : of course, I'll pay the same when I sell ... hum ... is it the same ? lol, not even sure01-19-13 11:06 AMLike 0 - As a rookie trader, long time blackberry supporter. I must admit I haven't enjoy reading a post as much as this one. Not to mention how informative the conversions are. :thumbup:
I do want to ask though, I currently have the shares in my TD Waterhouse account and have open up a TFSA trading account. What's the best way to transfer over? Also when I buy and sell, any key features I should watch out for? E.g stop sell out stop loss etc? Still a rookie here.
Stop losses are good if you do not want to hold stock below a certain price and it allows you to be less attentive to price movements, but beware this with RIM stock, as it is very volatile. It can blow right through your stop loss (triggering you to sell), only to come right back up, essentially 'stealing' your shares unless you set it low enough.Superfly_FR likes this.01-19-13 11:13 AMLike 1 - Uhh why is rimm showing $35 on the nasdaq real time page lol. I wish.
Research in Motion Limited (RIMM) Real-Time Stock Quote - NASDAQ.com01-19-13 12:10 PMLike 0 - uhh why is rimm showing $35 on the nasdaq real time page lol. I wish.
research in motion limited (rimm) real-time stock quote - nasdaq.com01-19-13 12:16 PMLike 0 - Ouch! $50/trade? That's horrible. ****, Questrade has trades as low as 4.95, most at $9.95. I pay $9.99 at TD but that's because of my minimum balance and trades per quarter. Normally it's $25.
RBC has the same pricing structure as TD. Questrade is cheapest and they also offer TFSA and RRSP trading. I can't really vouch for them because I haven't used them myself, but I'm looking at them to potentially consolidate my trading accounts with.
Edit: Really? CB censores h-e-l-l?
Good thing I'm not George Carlin on here. LoL01-19-13 12:21 PMLike 0 -
- I read it in an investment book I have. It is 2 years old, so not written so long ago that the info is no longer good. And it is written by a Canadian for Canadians. I'll have find it and post the title for you. Very good read.01-19-13 12:54 PMLike 0
- Uhh why is rimm showing $35 on the nasdaq real time page lol. I wish.
Research in Motion Limited (RIMM) Real-Time Stock Quote - NASDAQ.com
My first (hopeful) thought was maybe they know something we don't as a result of options expiration/assignment this weekend, but NOK is showing at 4.42 (-.11).
It would certainly be *very* nice, but i've zero belief in that until I see it during market hours... Something similar showed a few days ago, but never occured in the market.01-19-13 12:56 PMLike 0 - No idea. AAPL is showing at 517.50 (+14.82), and RIMM at 34.96 (+20.05)
My first (hopeful) thought was maybe they know something we don't as a result of options expiration/assignment this weekend, but NOK is showing at 4.42 (-.11).
It would certainly be *very* nice, but i've zero belief in that until I see it during market hours... Something similar showed a few days ago, but never occured in the market.01-19-13 01:16 PMLike 0 - No idea. AAPL is showing at 517.50 (+14.82), and RIMM at 34.96 (+20.05)
My first (hopeful) thought was maybe they know something we don't as a result of options expiration/assignment this weekend, but NOK is showing at 4.42 (-.11).
It would certainly be *very* nice, but i've zero belief in that until I see it during market hours... Something similar showed a few days ago, but never occured in the market.01-19-13 01:55 PMLike 0 - 01-19-13 06:42 PMLike 0
- Superfly_FRRetired ModeratorUhh why is rimm showing $35 on the nasdaq real time page lol. I wish.
Research in Motion Limited (RIMM) Real-Time Stock Quote - NASDAQ.com01-19-13 08:20 PMLike 0 -
-
it turns out, i was mistaken.....you are allowed $37,106 earned through dividend payments from canadian DIVIDEND -paying stock tax-free in ontario.
there is a chart here that shows the amount of tax you'd pay on capital gains is half the amount of taxes you'd pay had you worked for the same amount of money.
example ( this is for use in ontario );
you pay 12.08% tax on capital gains earnings of $37,106 compared to 24.15% tax had you earned the same amount through a regular pay cheque.
on $127,022, capital gains tax is just 23.2% compared to 46.41% had you worked for that amount.
good to know.01-19-13 10:35 PMLike 0 - What about in BC? I'm thinking of moving the stocks over to my TFSA. But the currently gain would be taxable.
I'm hoping to find something like this for BC folks.
Thanks
it turns out, i was mistaken.....you are allowed $37,106 earned through dividend payments from canadian DIVIDEND -paying stock tax-free in ontario.
there is a chart here that shows the amount of tax you'd pay on capital gains is half the amount of taxes you'd pay had you worked for the same amount of money.
example ( this is for use in ontario );
you pay 12.08% tax on capital gains earnings of $37,106 compared to 24.15% tax had you earned the same amount through a regular pay cheque.
on $127,022, capital gains tax is just 23.2% compared to 46.41% had you worked for that amount.
good to know.01-19-13 11:23 PMLike 0 - it turns out, i was mistaken.....you are allowed $37,106 earned through dividend payments from canadian DIVIDEND -paying stock tax-free in ontario.
there is a chart here that shows the amount of tax you'd pay on capital gains is half the amount of taxes you'd pay had you worked for the same amount of money.
example ( this is for use in ontario );
you pay 12.08% tax on capital gains earnings of $37,106 compared to 24.15% tax had you earned the same amount through a regular pay cheque.
on $127,022, capital gains tax is just 23.2% compared to 46.41% had you worked for that amount.
good to know.
As for the capital gain, you are correct, we are only taxed on 50% of capital gains..01-19-13 11:26 PMLike 0
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