Comments for The Passive Income Earner http://www.thepassiveincomeearner.com Building Wealth Through Dividend Investing! Wed, 22 Feb 2012 15:21:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Goodbye ScotiaITrade, Hello RBC Direct Investing! by The Passive Income Earner http://www.thepassiveincomeearner.com/2012/02/scotiaitrade-vs-rbc-direct-investing.html#comment-3457 The Passive Income Earner Wed, 22 Feb 2012 15:21:26 +0000 http://www.thepassiveincomeearner.com/?p=2795#comment-3457 @jd Thanks for your comments. It's too bad they are unable to keep up with the features because there is something to be said for convenience. On the other hand, I have not seen many banks that includes the discount broker in the review of your banking products. Just recently, ScotiaBank called me to ask me if I wanted a TFSA ?!? I said, I already do with your discount broker. The conversation script ended ... @jd

Thanks for your comments. It’s too bad they are unable to keep up with the features because there is something to be said for convenience. On the other hand, I have not seen many banks that includes the discount broker in the review of your banking products. Just recently, ScotiaBank called me to ask me if I wanted a TFSA ?!? I said, I already do with your discount broker. The conversation script ended …

]]> Comment on Goodbye ScotiaITrade, Hello RBC Direct Investing! by jd http://www.thepassiveincomeearner.com/2012/02/scotiaitrade-vs-rbc-direct-investing.html#comment-3456 jd Wed, 22 Feb 2012 06:39:01 +0000 http://www.thepassiveincomeearner.com/?p=2795#comment-3456 TD Waterhouse's workaround for holding USD in registered accounts is to automatically wash US trades with their USD Money Market fund. You have to call once to set up your account with that feature or you can call after each trade. It's kludgy, but it does work. The downside is that it only applies to trades--USD dividends still get automatically converted to CAD. For that reason I may move my RSP somewhere else; RBC seems like a decent option. TD Waterhouse’s workaround for holding USD in registered accounts is to automatically wash US trades with their USD Money Market fund. You have to call once to set up your account with that feature or you can call after each trade. It’s kludgy, but it does work. The downside is that it only applies to trades–USD dividends still get automatically converted to CAD. For that reason I may move my RSP somewhere else; RBC seems like a decent option.

]]> Comment on Goodbye ScotiaITrade, Hello RBC Direct Investing! by The Passive Income Earner http://www.thepassiveincomeearner.com/2012/02/scotiaitrade-vs-rbc-direct-investing.html#comment-3455 The Passive Income Earner Wed, 22 Feb 2012 05:46:28 +0000 http://www.thepassiveincomeearner.com/?p=2795#comment-3455 @BeatingTheIndex Convenience is powerful. I did setup a bank account with RBC for convenience :) but I have not moved my mortgage. I could if they could beat the rates I have though (and cover the costs). @BeatingTheIndex

Convenience is powerful. I did setup a bank account with RBC for convenience :) but I have not moved my mortgage. I could if they could beat the rates I have though (and cover the costs).

]]> Comment on Goodbye ScotiaITrade, Hello RBC Direct Investing! by BeatingTheIndex http://www.thepassiveincomeearner.com/2012/02/scotiaitrade-vs-rbc-direct-investing.html#comment-3454 BeatingTheIndex Wed, 22 Feb 2012 03:34:39 +0000 http://www.thepassiveincomeearner.com/?p=2795#comment-3454 I am really with my bank simply for the convenience of having everything centralized. But after reviewing the comparison you provided, my bank (NA)does provide many of these options. I am really with my bank simply for the convenience of having everything centralized. But after reviewing the comparison you provided, my bank (NA)does provide many of these options.
BeatingTheIndex recently posted..Natural Gas Stocks: Beware of Declining Natural Gas Prices

]]> Comment on Goodbye ScotiaITrade, Hello RBC Direct Investing! by The Passive Income Earner http://www.thepassiveincomeearner.com/2012/02/scotiaitrade-vs-rbc-direct-investing.html#comment-3453 The Passive Income Earner Wed, 22 Feb 2012 02:18:20 +0000 http://www.thepassiveincomeearner.com/?p=2795#comment-3453 @Steve Thanks for your comments! Much appreciated to hear actual experience on the different platforms. Unfortunately, I really want a US holding account to accumulate the dividends in the currencies it's intended for and not just for doing wash trade. How long can you hold the wash trade for? Does it have to be an instant swap? (buy and sell the same day). What if you want to sit on your US funds for a month, can you do that? So far, I know many people are using TD and I never heard complaints from them. I rarely need lighting fast trades as I usually have limits ... what do you require lightning fast trades for? I don't think you are talking about the settling period. Your comments about service is interesting compared with all the reviews. It goes to show that until you really need customer service, you don't really know ... @Steve
Thanks for your comments! Much appreciated to hear actual experience on the different platforms. Unfortunately, I really want a US holding account to accumulate the dividends in the currencies it’s intended for and not just for doing wash trade. How long can you hold the wash trade for? Does it have to be an instant swap? (buy and sell the same day). What if you want to sit on your US funds for a month, can you do that? So far, I know many people are using TD and I never heard complaints from them.

I rarely need lighting fast trades as I usually have limits … what do you require lightning fast trades for? I don’t think you are talking about the settling period.

Your comments about service is interesting compared with all the reviews. It goes to show that until you really need customer service, you don’t really know …

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