A good stock broker may be worth the higher commissions that you are likely to pay. For instance, suppose your full-service stock broker charges an average of 2% for brokerage fees, and you replace one-third of your portfolio every year (both figures are on the high side). In this case, you’d pay 1.34% of your portfolio’s value each year in commissions. That’s less than the 2% to 3% management fee on a typical mutual fund.
However, it’s important to note that a good stock broker (one who is experienced, knowledgeable, and oriented toward the long term) is very hard to find,
The main advantage of using a discount stock broker instead of a full-service broker is lower commissions. And commission rates can be even cheaper if you trade stocks with your discount broker online, as opposed to placing orders over the telephone.
Although lower commissions are a big plus, there are several reasons to be cautious. Low commission rates sometimes lead investors to trade a great deal. They may assume they can’t lose because they can sell at the first sign of trouble.
Before using a discount broker, put yourself through a self-assessment. Are you able to single out a selection of investments that’s right for you, keeping investment quality and diversification in mind? If not, you may be better off with a full-service stock broker, provided you can find (the rare) one who puts your needs first.
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NEVSUN RESOURCES LTD. $5.76 (Toronto symbol NSU; Shares outstanding: 302.6 million; Market cap: $1.7 billion; Dividend yield: 0.3%; Takeover Target Rating: Highest; www.nevsun.com) is the majority owner of the Timok copper/gold projects in Serbia as well as the Bisha copper/zinc mine in Eritrea.
The company has now accepted a.. Read More
THOMSON REUTERS CORP., $58.95, Toronto symbol TRI, sells specialized information products to financial clients such as banks and brokerages. It also sells specialized information to professionals in the legal, and tax and accounting fields. It owns the Reuters news service.
Thomson now plans to complete the… Read More
BANK OF MONTREAL, $106.97, Toronto symbol BMO, reported better-than-expected earnings this week, thanks to higher interest rates and loan demand.
In its fiscal 2018 third quarter ended July 31, 2018, the bank earned $1.57 billion. That’s up 13.9% from $1.37 billion a year earlier. Due to… Read More
The best ETF selection strategies will focus on well-diversified funds holding top-quality stocks
In general, we like ETFs better than mutual funds. Their MERs (Management Expense Ratios) are typically much lower than those of mutual funds. That’s because most ETFs take a simpler approach to investing… Read More
J.P. MORGAN CHASE & CO., $104.06, New York symbol JPM, is the largest banking firm in the U.S., with total assets of $2.6 trillion as of March 31, 2018.
Morgan has now passed the U.S. Federal Reserve’s annual “stress test.” It measures how financial firms would… Read More
GENERAL ELECTRIC CO., $13.61, New York symbol GE, announced its new strategic plan this week.
Under the plan, GE will focus on three main businesses: electrical power equipment (such as turbines and related equipment for gas-fired and nuclear power plants); renewable power equipment for wind farms… Read More
In response to rising consumer demand for more healthful foods, these four industry leaders continue to make acquisitions to lift their sales.
It’s unclear how long it will take for their new operations to pay off. That’s why we see three of these four food stocks… Read More
MITEL NETWORKS CORP., $14.33, symbol MNW on Toronto, makes technology that integrates landlines and mobile phones. It also offers call centre and videoconferencing products.
The company has attracted a friendly $11.15 U.S.-a-share ($14.35 Cdn.) takeover bid from an investor group led by private-equity firm Searchlight Capital… Read More
DREAM OFFICE REIT, $23.56, Toronto symbol D.UN, owns and manages 42 office and retail properties in major Canadian cities, including Toronto, Montreal, Ottawa and Calgary. Its occupancy rate is 90.4%.
With the July 2017 distribution, Dream Office reduced its monthly payout from $0.125 to $0.08333. The… Read More
TRANSCANADA CORP., $53.28, Toronto symbol TRP, operates a 91,500-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Other operations include 4,800 kilometers of crude oil pipelines and 11 power plants.
Starting with the April 2018, TransCanada will raise its quarterly… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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