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Tuesday, October 5, 2021

Slowly but certainly switching broker over to National Bank Direct Brokerage

Don't ask me how well or bad did my non-registered Canadian portfolio today, because currently, that portfolio of mine is gone in the wind. Its no longer at TD Direct and did not arrive yet at National Bank Direct Brokerage. That's the most frightening part because it's kind of strange to have the account - and the money, nowhere to be seen... It's simply the transfer procedure that is ongoing. This means that tomorrow morning, I should begin to see partly - or maybe if lucky enough fully - the investments that I hold inside my non-registered Canadian portfolio over NBDB. Within 48 hours, I should have received everything. As for my US margin portfolio, it still remains at TD at the present time, because I can still see it. :-)

As for my Canadian non-registered margin, upon arrival, probably tomorrow morning, I will of course check if all assets had been transferred, and I will check if the number of shares per investment is correct, and as well the initial investment value per investment. And most important of all, I will check the amount of the margin debt, so it's the same as before. The timing is not exactly perfect as I am soon moving to New Brunswick for a couple of months. I wish everything will be fine within 48 hours so I have nothing to do.

These days, both ETH and Bitcoins are going great. I am keeping my radar on those two. I would like to eventually sell the following investments that I hold inside my TFSA portfolio: Bitcoin Fund The Class A units (QBTC), Purpose Bitcoin ETF CAD ETF non-currency hedged units (BTCC.B), and 3iQ CoinShares Ether ETF (ETHQ). I am still not in a rush to sell, but I had been on those crypto investments for a little while now and I would like to see the color of my money on those.

One thing for sure, I would like to invest something around 2k inside my RRSP by the end of the fiscal year. Not that I am a huge fan of RRSP, but this year, I did a bit of money trading inside my non-registered account, and I did some extra hours at work.

I have still a bit of money left over my TFSA and RRSP portfolios. Being with a $0 commission fee broker is quite helpful a lot because I feel really free investing in what I want, when I want, more than ever before. I always had an interest in ATS Automation Tooling Systems Inc. (ATA), but I never invested in the stock because I feel it was a more risky investment. But now, if I want, I can even invest in one tiny little share of ATS Automation Tooling Systems Inc. (ATA) and that idea alone is enough to make me happy. One of the reasons why I never invested in ATA is that the stock doesn't pay any dividend distribution. 

While shopping around for new investments, I always prefer to pick a business that pays a dividend, even if it's a small distribution. A small amount is always better than nothing at all.

1 comment:

Quentin said...

Same here from Questrade to National bank :) it will be more than 100$ish save by year I think!
I started the process yesterday we will see how long it takes to open the RRSP/TFSA account and transfer everything from questrade.
Good luck to you !


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