/biz/ - Business & Finance

>Fuck stocks
>buy MUSE

Etoro is shit but it works sometimes. Or Robinhood. If ur looking for advice, do research before you buy and stay off leverage if u can bc stop loss with fuck you raw in the ass

>>26737239
https://www.hashtaginvesting.com/blog/the-definitive-list-of-etoro-alternatives-for-canadians

>>26737239
>>26737365
>>26737510
>>26737512
BUY NOK

>>26737512
>>26737510
>>26737365
>>26737239
NOK?
MORE LIKE BIG COCK
NOK

>>26737510
I don't think those are available in Canada.

>>26737512
Do you know of any phone apps?

>>26737239
Just forget about it Anon, I'm in Canada too. The Wealthsimple app is the closest you can get to Robinhood, with 0 commission fees. But It takes 3 business days to transfer funds to your account so you'll be shit outta luck by the time that money arrives.

After registering on WS I even opened a second TFSA w/ BMO InvestorLine, but that too takes a minimum of two days to transfer funds.

I am kicking myself so hard right now. This was a once in a lifetime opportunity and I missed it. I'll always be poor. Even literal 20 year old brown children are getting rich off of fucking GME and I'm staying poor because of these stupid bureaucratic companies refusing to GIVE ME MY FUCKING MONEY.

>>26737991
I'll keep that in mind.

Also, what's an investor account? I feel like a total retard about this stuff despite having a double major in business and accounting.

etoro are 100% going to stop people from selling when the price peaks and starts crashing

>>26737991
>Once in a lifetime
Opportunities like this come around every two years or so. This particular instance is interesting, but cryptos and stocks go wild all the time.

>>26737991
If you don't want to use some stock broker you can actually trade GME/BB/AMC on FTX using your crypto bags rn: https://ftx.com/trade/GME/USD


>>26737845
not canadian so no, but Google is a thing... if I were you I'd just use FTX tho (if you have crypto)

>>26738163
I think it just means you want to buy stocks. After you register with one of these platforms, usually the next step asks you what kind of bank account you actually want to open with them. You'll get options like TFSA, RRSP, and another one that I forget the name of, but it's something like just a "regular" account. Get the TFSA, you don't get taxed on that and you can withdraw the money anytime you want it. But keep in mind that you can put a maximum of $6000 into TFSAs for the year and withdrawing money from the account doesn't reverse this so if you put in $2000 then take out $2000 from your TFSA, you still only have $4000 more that you can transfer in there before the CRA assrapes you.

>>26738353
Unfortunately I don't have crypto... I should have invested long ago when it was at 50$ish... Oh well. Life goes on.

>>26738353
Got no crypto either I just sat on like 25k in my fucking chequing account like a stupid retard for years and now I can't spend any of it when it fucking matters. Goddamn just kill me already I don't want to live anymore.

>>26737239
America accepts everyone with money

>>26738789
Yeah but the country of (((Canada))) doesn't let you have access to the money you transfer into a bank account you opened instantly for (((reasons))) that are too complicated for peons to understand.

>>26738785
Dude, I'm they same. About 20k in my bank account and doing nothing with it like the dumb faggot that I am.

>>26737991
Hi other Canadian here. Can we moon Blackberry? It's listed in the TSX and probably has a shit ton of shorts on it. How do I get in on this literally?

If I can trade for USD before Friday I'm hopping on Nokia.

>>26738935
I actually am feeling suicidal despair right now not joking. Just absolutely seething with rage seeing dumb faggots on reddit showing off their 1 million dollars from getting in on GME early and I'm sitting here not even able to access the money I TRANSFERRED TO MY OWN TFSA.

WHY WHY WHY

Like actually, what retard thought it was a good idea to make it impossible to instantaneously transfer money into an account you use for trading financial products that change in value on the order of seconds? You would think they'd make it as fast as possible so their clients can take advantage when an opportunity emerges. APPARENTLY FUCKING NOT.

Why is it I can go to the store and buy a pack of cigarettes and the money instantly goes from my bank account to the store's, but when I try to access my own money it takes half a week?

>>26738926
Crazy to think after all this, the USA capital markets are still the best thing going for this country. They better be careful regulating it to death.

>>26737239
GME has more shares shorted than even exist. Anything else is a shill hedgie scam.
Buy GME. hodl.

>>26737239
>I'm in Canada
I trade through my bank and mostly though my TFSA. As for Crypto I've looked into various Trading platforms but handing over my ID and information stops me every time. Bitcoin just took a major dump and the other coins I was considering have all gone nowhere. Most of the crypto is all just complete smoke and bait. Sorry but I have listened and read information from various coins and it just doesn't hold up.

THere are plenty of stocks in Canada and the US that will be a safe long term bet as they rebound. You can make 25% over the next year with minimmal risk and some patience. I'm still not sure how much more things will drop.

>>26739749
The time to buy was Feb. through April 2020. That was when the biggest dip was. You could literally have bought almost anything and double your money by now.

Anyway, it's over now, the casino is about to close. Now that (((they))) are kveching congress is going to regular the shit out of the market in order to limit retail investors.

>>26739406
When I buy something on credit it shows up instantly. When I then transfer funds to pay off the credit, which is associated with the same bank, it takes 5 days to appear in the credit card account.

What are fellow leafs using for apps like RobinHood, no commission fees?

I bank TD and they offer their WebBroker service, but their fees are fucked.

t. Stock newfag

>>26740155
>limit retail investors.
This will cause a fleeing out of the markets. Whose money do you think the funds take?

What happened to the Catholic church when the priests continued to conduct services only in Latin, with no participation by the laity?

>>26739406
Same boat homie. My WealthSimple and QuesTrade are taking days holding my fucking deposits while I watch GME climb every fucking day.

>>26740572
wealthsimple

>>26737239
https://www.thestar.com/business/opinion/2021/01/04/online-portfolio-managers-come-into-their-own-during-pandemic.html

I am sort of in your position and thought Wealthsimple was the way to go with 0 commission, but I have run into some problems.
First is the the google play store would even show my phone the Wealthsimple Trade application. Then when I tried to get referred to the play store application via my phone's browser the download button was replaced with "Your device isn't compatible with this version". So now I have to either get a new phone, get an apk repack (unsafe), or spoof android on my computer because one can only add or remove funds on the phone application.
Second I have been trying to get a bank account paired with Wealthsimple Trade but it kept having problems. I phoned my bank and its no problem on their end so I went for a manual pairing, which apparently may take 5 days. Since I don't want to wait that long I have retried the automatic route and now I have been sitting at a verification screen that "may take up to three minutes to connect your account" for 20 minutes.

>>26740572
>>26740572
Literally read the thread, get the Wealthsimple app.

>>26740155
Out of curiosity, did you have trouble connecting your bank account? Mine won't connect and I've tried like 20 times (to WealthSimple)

>>26740906
Do you think it's possible for us to shill Bombardier enough to pump it? It's a penny stock right now. My instincts tell me it's a shitty company since it peaked in 2000 and has gone nothing but down ever since... yet, something tells me it will never fail.

>>26741156
What bank are you with? I'm with BMO and I had no problems.

Also, I don't know if it makes a difference, but I actually registered on the computer not through the app itself.

>>26739521
>GME has more shares shorted than even exist.
Is there any evidence this is still the case?

>>26739406
Don't despair, brother leaf. You should still be able to get in good on Nokia, at least. That should be a good steady option rising up in the next week.

>>26741156
mines finally going through 3 business days. jesus christ wtf.

>>26741266
Hmm, well now it finally worked after the 30th try, but now won't send me the confirmation text... The joys of technology.

I'm with Simplii.

>>26741266
Blackberry son.

>>26737239
>I know nothing about stocks. How can I FOMO into a stock that's already up 30-fold?

the sane advice applies for stocks/crypto as for 4chan
lurk moar
t. bought in 2017 without lurking enough

>>26737239
I originally had the Cash App to buy BTC-- and it is good for introductions for trading. But fuck me, for some reason it doesn't have access to some stocks. Like, when I first heard about GME I saw Cash didn't have it listed so I shrugged it off.

Only today did I download Robinhood, so I guess you should get that too.

i am swedish and i opened a stock trading account thing under my bank account and it let me put money from my wage account into my trading account instantly

now i'm just waiting for the markets to open so the order can go through
the market won't change while the markets are closed right, i don't want to wake up and see that the value rose to 500 USD

>>26741378
Beside the fact they are trying to prevent people from buying it?
Beside the fact there are over 70 million outstanding shares? (shares they are required to buy) More shares than even exist.
The fact the shortsell float went up to 230%?
Like ffs go watch a youtube video about a short squeeze.
All this increase to GME is people buying out of hype, the squeeze has yet to even fucking happen.

>>26741516
And? Like I said I don't care if I lose some cash.

>>26741711
I'm not trying to really make a ton of money off this.

Mostly just trying to join in on pissing of hedge funds. I'm only gonna be spending about 100 bucks.

>>26741266
I don't know man. I don't know shit. I don't think Bombardier is every going to be shit again. I wouldn't waste time on it.

>>26742178
But at only 0.89/0.69 cents you could easily double your money.

Bombardier is the next big thing I tell you huwhat.

Why do I keep getting this shit? Is the account not verified? I get this even during trading hours

Just to clarify, the wealthsimple process time of 3 days is only when you transfer outside money into (and out of) WS, but the trades themselves are instant?

If that's the case it doesn't seem like THAT big of a deal. Yes it's retarded and shouldn't be like that, but realistically we only have to suffer once for the initial investment.

Also I'm pretty sure if you sign up with your current bank's investment platform, it's much faster (within 24 hours). But they rape you with fees. I'll do the wait and use WS.

>>26742751
Unrelated, but do you know if you can buy a portion of a share? I only put in 100$ to start. Or is it all or nothing?

>>26742992
Yeah the trades are instant. And yes, the banks charge over $9.00 per transaction. Sometimes if you put up stocks for sale, you even get charged every time someone buys a fraction of the stocks you put up. At least that is how my bank apparently does it.

>>26743257
So they charge both the buyer and seller?

>>26743033
I don't think WS allows you to buy fractional shares but keep in mind I am new to this as well. I literally registered only yesterday.

I would say since it takes time to transfer funds to your account, if you have the money, try to transfer like $1-2000. I'm not telling you to invest it all, but wouldn't it be nice to have it available in case you need it?

>>26737991
stocks are boomer rigged shit

>>26743633
WS really doesn't do fractional shares?

Sell signal.

>>26743555
They charge people who use their platform for buying or selling.

>>26743802
Yeah but it's not like they make it easy to trade crypto in this shithole. Speaking of which, you can use Wealthsimple to buy ETH and BTC only. No other coins allowed. LAME

>>26743633
I may need to do that then.

That said, unfortunately (and maybe sometimes fortunately) I'm a risk-adverse type of person. So I'm kinda trying to get out of my comfort zone while I get use to this of you know whymat I'm saying.

>>26741508
>Blackberry
Why is it jumping?
>>26742751
Losing $1000 on penny stock is worse than $500 on $1000 stock
>>26743257
some $6.95 CIBC

>>26744514
I kind of just decided that I waste money on all kinds of dumb shit anyway. I'm out of a job. I may as well try and take a risk on something that might pay off.

I think you just need to know when to stop. Set aside an amount of money, which you can accept the possibility of losing all of, and that is the amount of money you should invest.

>>26744054
Not to my knowledge.

Revolut

If BlackBerry is listed on the Canadian stock exchange (TSE) and an American one (NYSE).... Which one do we buy leafbros? Are they the same thing?

>>26738961
wealthsimple trade account and pray you can still buy-in in 3 days

>>26746786
I'm going TSX because I want to stay away from the feds that are about to come down so hard on all of WSB's pumps

What about Crypto my Canuck Bros?

I bought Crypto Fund and Eth Fund through my TFSA and they have nicely shit the bed.

You can trade American stocks with any broker that have people in American exchanges.

>>26745357
I don't know about you bro, but I'm hopping aboard the BOMBARDIER train on Monday. If enough patriotic Canadians join in we will bring based Bombardier back from the dead.

>>26749462
I've been following the memes of crypto schemes and I'm thinking Bombardier would be perfect to start shilling to pump.