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March is finally here. With it comes the promise of better weather, lots of basketball and (dun dun dun) preparing for taxes. For many self-directed investors (and those thinking about investing on their own), contributing to or opening a discount brokerage account with those tax refunds is a popular option. Of course the million (or in Warren Buffett's case billion) dollar question is which one is the right one to pick? Making the right choice often involves a combination of research and a bit of luck. In this month’s newsletter we look at the wave of recent commission pricing changes and whether they are a slam-dunk for investors. Also, we view the highlight reel on a feature that will likely become an important selling point – commission-free ETFs. Finally, we go for the three-pointer with some exciting news about upcoming changes to SparxTrading.com.
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Ten is the New Thirty
While lower online trading commission prices are a great development for Canadian self-directed investors, lower commissions aren’t necessarily a slam-dunk. There are other fees that existing and prospective account holders need to consider. Check out our two-part series (Part 1 here and Part 2 here)on the wave of falling commission prices and what else to look out for when comparing brokerages based on these new fees. |
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Commission-Free ETFs: A Good Deal or a Clever Lure
With lower commission pricing available at several bank-owned discount brokerages, consumers can expect more attempts by brokerages to differentiate their brand. One of the tools at the disposal of several brokerages is the ‘no commission’ ETF. Check out the special series examining commission-free ETFs and whether they are a good deal or an air ball.
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More Reasons to Cheer
Based on feedback and data from thousands of SparxTrading.com users, we will be rolling out some improvements to the site starting in March. The new additions will enable for more efficient and more reliable research on pricing, features and opinions. Of course, if you have suggestions or ideas on how we can improve the site, we'd love to hear them. Drop us a note here to submit your ideas and/or feedback. Also be sure to follow us on Twitter and Facebook for details and teasers of the new features.
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