After two months of paperwork and waiting, I finally have opened a Questrade account. This is after three years of twiddling my thumbs after liquidating poorly-performing mutual funds.* I want to be more active in my investments and I know that for the past few years, I’ve been putting it off, despite having claimed that it is a priority. It was nice that my friend, B., sat down with me one evening and walked me through the platform. She gave me the little boot that I needed.
I transferred my 2014 TSFAs over from Tangerine* and have decided I need to finally get my hands dirty. I’m not expecting to gain much; my primary goals for the next two to three months are:
- get comfortable with executing different types of orders and understanding when they are used
- watching a few stocks and reading trends in the markets
- calculating the cost of trades versus profits
- understanding the Questrade trading platform
- making a few bucks … but not losing!
At this time, just keeping it simple and playing around.
Yay for new projects (and actively reinvesting)!
*Mind you, I also went through the entire hassle of setting up a TD Waterhouse account. So for the past three years, I had $500 USD sitting dormant and not accumulating any interest, without ever having placed an order. Bad Me.
**Formerly known as ING Direct