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itiswhatitis
Joined: 08 Aug 2011
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Posted: Sat Apr 06, 2013 3:08 am Post subject: Online Trading Suggested site??? |
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Any suggestions for a good sight to do some online trading?
I am looking to start some online investing of stocks and shares.
I am Canadian but an international site (so that I could legitimately not have to pay any capital gains tax) would be especially appreciated.
Thanks!!! |
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bobbybigfoot
Joined: 05 May 2007 Location: Seoul
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Posted: Mon Apr 08, 2013 6:27 pm Post subject: |
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I, too, am interested.
I'm thinking about Interactive Brokers but I'd like to hear what others have to say. |
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Weigookin74
Joined: 26 Oct 2009
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Posted: Mon Apr 08, 2013 6:48 pm Post subject: |
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A lot of sites like RBC securities now require you to live in Canada. Many of the banks seem to have gotten more strict about things more recently. I would look into TD Ameritrade. That would prob be the best and most legitimate option. TD is a Canadian bank but took over the Ameritrade website a few years ago. Find a good investment magazine that does some of the research of companies for you to find good "stock tips". You have to register with these sites and maybe email signed scanned forms back in most countries within a certain time period. Government rules, Patriot Act, and all that crap. Not much way to avoid it. If someone offers you a way to invest offshore, avoid it. Could well be a con artist out to take your money and you get stuck with no legal recourse to fight back because you did something illegal in the first place. Avoiding capital gains taxes is prob unlikely with modern reporting methods. But they won't be much for a typical ESL teacher since you're investing so little. |
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nate1983
Joined: 30 Mar 2008
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Posted: Tue Apr 09, 2013 6:53 am Post subject: |
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I really like Zecco (I think it's now merged with TradeKing). I've used TD Ameritrade as well, and that's not too bad.
I designed the below website to get online investors familiar with various products. It's not totally complete, but I think you'll find some good information there (especially if you decide to do stuff like options):
http://onlineinvestorguide.com |
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I'm With You
Joined: 01 Sep 2011
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Posted: Tue Apr 09, 2013 4:22 pm Post subject: Re: Online Trading Suggested site??? |
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itiswhatitis wrote: |
Any suggestions for a good sight to do some online trading?
I am looking to start some online investing of stocks and shares.
I am Canadian but an international site (so that I could legitimately not have to pay any capital gains tax) would be especially appreciated.
Thanks!!! |
Have you read Millionaire Teacher by Andrew Hallam? He's a Canadian English teacher in Singapore. You'll probably be interested in what he has to say. He's a big advocate of indexed funds and couch potato method. You can also check his column in The Globe and Mail.
TD, RBC Direct Investing might be good to look at. But, as an expat, you risk your non-resident status if you use them, which can complicate things and cost you a lot of money if you choose to stay overseas indefinitely.
http://andrewhallam.com/category/andrews-articles/ |
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Weigookin74
Joined: 26 Oct 2009
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Posted: Thu Apr 11, 2013 8:04 pm Post subject: |
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http://www.tdwaterhouse.ca/products-services/investing/documentation-index.jsp
Seems easy enough for Canadians, but for Americans, it seems a real pain. You have to fill out all these forms. Too many regulations. But for either country, if you decide to go home, you'd face questions about your money. So, I think, I'd just pay the capital gains tax. Us waygook English teachers don't make that much money anyhow, outside of investments. |
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caribmon
Joined: 26 Oct 2009
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Posted: Fri Apr 12, 2013 7:43 pm Post subject: |
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why on earth would you trade stocks with the frontrunning, HFT algos, CEO pay, stock options, stock dilution, fed manipulation, fed secret emails before announcements, brokerage fees, trading fees etc ?
Do yourself a favor and start yourself an online business and work at that. Save your money in cash. Then, when you return to your country you can start better business both online and brick/mortar |
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detonate
Joined: 16 Dec 2011
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Posted: Sat Apr 13, 2013 10:06 am Post subject: |
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SamsungPOP or Daewoo Direct are alright if you're interested in the Korean market. |
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young_clinton
Joined: 09 Sep 2009
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Posted: Sat Apr 13, 2013 1:14 pm Post subject: |
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Where do you get good recommendations for Korean stocks like you do for the American stocks? I also need good charts when I trade obviously. |
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Weigookin74
Joined: 26 Oct 2009
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Posted: Sun Apr 14, 2013 8:02 pm Post subject: |
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caribmon wrote: |
why on earth would you trade stocks with the frontrunning, HFT algos, CEO pay, stock options, stock dilution, fed manipulation, fed secret emails before announcements, brokerage fees, trading fees etc ?
Do yourself a favor and start yourself an online business and work at that. Save your money in cash. Then, when you return to your country you can start better business both online and brick/mortar |
Stocks are easier. There is a lot of stench from the market and BS to be sure. Just try to make some cash and get out. This for our money to do something while teaching English and to keep ahead of inflation. Key is to do your research and find those stocks which will grow fast. As for the stench, a lot of that crap should be cleaned up. But, who knows? Let's make some cash in the meantime. I'm a capitalist but believe some of these CEO's are total scumbags. |
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2556375
Joined: 07 Jul 2010
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Posted: Fri Nov 22, 2013 1:38 am Post subject: |
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Where can I find info on Korean eft's and stocks?
Also,anyone got any predictions/suggestions for good short and long term stocks/efts ? |
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