Buying is easy, selling is hard
moneyrelations :: Jul.20.2007
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And the story continues… To recap: bought stuff, put in baskets.
Eventually, I also opened up a discount brokerage account with TD Waterhouse for my “mad money” to include stocks and exchange traded funds (ETFs). My brother is an active trader and we share the same abode, so I qualify for a flat rate of $9.99 per transaction with TDW for either Canadian or American equities. Whoohoo!
Similar to my RRSP portfolio, I’m about to transfer my non-sheltered assets to the TDW account and eventually sell the holdings for ETF equivalents with an even lower MER. I learned about them the same time as the e-funds but I didn’t feel that I had enough seed money to make it worthwhile to offset my transaction costs which were higher at the time. So, I decided on e-funds with which I contribute biweekly in a pre-authorized purchase plan. I’ve been pretty happy with the strategy of buying and switching within the family of TD funds without triggering any penalty as long as I held the asset for the requisite amount of time. Now that I’ve accumulated enough capital, I’m having a hard time letting go, given these considerations… Even with a low transaction cost, it still doesn’t make sense to dollar cost average in small amounts. I also have the dilemma of triggering a good amount of capital gains if I sold the mutual funds. I am trying to come up with the best scenario to offset capital gains with the tax loss harvesting of some putrid stocks in conjunction with RRSP deductions of taxable income.
Investing ::
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