I had initially planned on waiting til I had more money to start doing Questrade, but if you buy ETFs there's no longer a $9.95 fee so I think it's worthwhile to do it with less, I actually just switched over my TFSA. My new MER is 10 times lower than it used to be! I wish I had done it sooner.
Shameless plug here, if you open an account and use my code 316228078418455, you get 25 if you deposit 1,000 and 50 if you deposit 10,000.
That's true - and I should take a look at the Vanguard MERs versus Tangerine's. I don't think WS has any for now but in a year my free time will run out, so perhaps then I'll switch to Vanguard for the TFSA as well.
What do you get when I use your referral code?
but if I'm losing out on potential gains I'd rather move it over right away.
That's a dangerous way to think about it. There's absolutely no urgency. Maybe you're losing out on gains, maybe you're "losing out" on losses. Who knows?
If you're already following Canadian Couch Potato, keep doing that. Minimize your fees. Figure out your asset allocation and risk tolerance. Educate yourself about tax implications. This will be more impactful over time. Switch to DIY investing whenever you feel ready.
That true. Thank you for the reassurance. I think yesterday I was feeling more uncertain than I am today - we had a big meeting that morning which has solidified my idea that HR is not at all the career I should be in, so I was feeling particularly vulnerable.
Tax implications are what I will struggle with the most. I'm bad for understanding those. Do you know of any good articles or bloggers I can read on who can help me understand it in plain English? If not, all good, I should learn in anycase, but I figure if there's someone out there who's done it, I could use all the help I can get, ha ha!
Thanks, damyst. I appreciate your help and feedback a lot!