Saturday, May 12, 2018

yapping about TD

Quickly and easily open an account with our new streamlined online account application.
Only TD Direct Investing offers 24/7 support from licenced Investment Representatives.
WWW.TD.COM
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Julie Ali Not impressed with the application process for e-Funds. Took several branch visits in Edmonton, research on the Internet to figure out that I don't need to put a large sum of cash or a trading account to buy e-funds. You just need a mutual fund account and monthly deposits. I also see no need to have a bank account that has to have cash deposited in it to view my account online. This makes no sense. Just have a convenience card for mutual fund customers.
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Branden Lynch If you are just looking to purchase e-series funds you can just make a direct investing account instead FYI
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Julie Ali Branden Lynch Fees associated with this account. Mutual fund account has no fees. Sure you can set up the automatic deductions up to $100/month but why bother? It's just easier to do the deductions with a mutual fund account and if you stop, no worries about fees.
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Branden Lynch Julie Ali yeah it has quarterly fees if I recall correctly. Although they are waived if you have assets in excess of 15k. Plus you can of course hold other types of assets / securities. Although if you just want mutual funds it probably doesn't make sense.
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Julie Ali Branden Lynch I want to try out the TD e-funds for a bit before exploring other stuff. They have a good reputation so it's a good place to start. You can get the fees waived on the direct trading platform if you have automatic deductions up to $100/month but I don't know how long this experiment will go on for so I wanted a safe no fees investment sector. Also I found an incentive on trading with Scotia bank where you can put in $10,000 in a new Scotia trading account and get 10 free trades which is pretty much all I want to do right away. You have to make the trades in 90 days after the money goes into the account but the incentive is open for a year so I will wait and put more money in-you get more trades the more money you put in. Being as I am a cheap stay at home mum I look for deals like this. I asked TD to match and they said no. Seems a poor thing for TD to not match. They get money coming in and they can't match for 10 free trades?
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Julie Ali Branden Lynch The ad is a bit misleading as you only get 10 free trades for a minimum of $10,000 but why bother to put the money into TD if you can get 10 free trades at Scotia bank? Also my son gets a reward for referring me -$50 for the $10,000 I put in. Only one referral per address and your kid can't refer from the same address but better than what TD is offering (which is nothing).
http://www.scotiabank.com/itrade/en/0,,5998,00.html 
Get up to 50 FREE trades or up to $100 cash*. NOTE the * you don't get $100 for the $10,000. You get $50. But at least you get an incentive for referral and you get an incentive for trying out the trading platform at Scotia Bank.
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SCOTIABANK.COM
Refer A Friend | Scotia iTRADE
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Mary-Jane Braid Please don’t believe that there are no fees!!! ALL mutual funds have fees and they are misleading you if you have the impression there are no fees. Do yourself a favour and find an advisor who can offer you some expertise along with funds from multiple companies.
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Rick Walker TD has a significantly better platform then scotia.
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Julie Ali Rick Walker I am going through Scotia because my older boy is teaching me how to invest via Scotia. Also the trades are free.
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Julie Ali Mary-Jane Braid Yah, I hear you. Learnt this lesson the hard way from my other mutual fund MERs.
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