Author Topic: Using Questrade to invest 25k (Vangaurd all in one fund)  (Read 540 times)

Islander

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Using Questrade to invest 25k (Vangaurd all in one fund)
« on: July 23, 2018, 10:28:00 AM »
Hello,

Iam looking for guidance on placing my very first trade on Questrade. A little history about me, I began my investing journey about a year ago. I started reading many financial blogs such as MMM, jlcolins, Canadian couch potato, etc. I started investing with tangerine then moved on to the TD eseries. Now I find myself interested in ETFs and in particular Vangaurds new all in one fund. I recently signed up with Questrade and Iam playing around with the practice account.

I can't seem to fully understand "order types" no matter how many times I read it over. There just seems to be so many options. What is the safest option? I want to invest 25k, set it and forget it. As you can see that's why Iam interested in vangaurds all in one fund.

Please help me in the right direction! Many thanks in advanceX

JGS1980

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #1 on: July 23, 2018, 10:39:56 AM »
Why use a middle man? Just open up an account at Vanguard.com. It's really pretty simple.

Also, please make sure you maxing out your 401K/403B prior to opening up a "Brokerage Account" to invest in a Taxable ETF Fund.

Good Luck! JGS

Islander

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #2 on: July 23, 2018, 10:45:12 AM »
I forgot to mention I'm located in Canada and will investing under a TFSA.

Why use a middle man? Just open up an account at Vanguard.com. It's really pretty simple.

Also, please make sure you maxing out your 401K/403B prior to opening up a "Brokerage Account" to invest in a Taxable ETF Fund.

Good Luck! JGS

guelphinvestor

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #3 on: July 23, 2018, 11:07:27 AM »
I use Questrade to buy Vanguard ETFs

I normally set a Limit price of a few cents below the current Bid, and set the Duration to GTD ( Good Until Date ) to a week in the future

Islander

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #4 on: July 23, 2018, 12:05:19 PM »
Thank you. If you don't mind me asking, what do those options ensure?

I use Questrade to buy Vanguard ETFs

I normally set a Limit price of a few cents below the current Bid, and set the Duration to GTD ( Good Until Date ) to a week in the future

guelphinvestor

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #5 on: July 23, 2018, 12:20:28 PM »
I was told that you can avoid fees by not "removing liquidity" from the market:

What is considered removing liquidity and how can I prevent this from happening?

 

Both opening (buys and shorts) and closing (sells and covers) trades can remove liquidity if they fall under one of these categories:

Market or marketable limit orders (i.e. buy orders with limit prices equal or greater than the ask price, sell orders with limit prices equal or less than the bid price)
Stop orders or stop limit orders where the limit order is immediately executable (i.e. stop and limit prices are the same)
Orders with special instructions such as AoN, FoK, etc. (You can read more about these, and other order types on our blog)
Orders executed at the open/close of market hours or outside of regular market hours
Orders executed on any illiquid stocks
 

Using orders that do not fall into any of the above criteria will increase the likelihood of not removing liquidity from the market and not having to paying any ECN or ATS fees. It is important to note that these fees are only charged at the time of order execution.

Wayward

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Re: Using Questrade to invest 25k (Vangaurd all in one fund)
« Reply #6 on: July 23, 2018, 12:24:04 PM »
Have you read the Millennial Revolution blog?  They are from Canada and have a step-by-step investing guide:
https://www.millennial-revolution.com/investworkshop/