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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Z06 FAN on January 17, 2019, 12:11:29 PM

Title: Investing at Vanguard Canada
Post by: Z06 FAN on January 17, 2019, 12:11:29 PM
I'm trying to invest some of my money with Vanguard Canada in the S&P 500.  From my understanding, you need to use an Online Brokerage.  Does anyone have any experience with this and/or recommendations on what Online Brokerage to use? Particularly in regards to fees etc. 
I was considering using QTrade, but I'm just looking for input on this as I'm new to all of this.
Title: Re: Investing at Vanguard Canada
Post by: yow on January 17, 2019, 01:47:14 PM
You are correct in that you'll need to open a brokerage account.

Investing through Vanguard in Canada essentially means you need to buy their ETF's which is a little different for how it works for the folks south of the border.

I'm personally using Scotia iTrade. Its $9.99 a trade if you have over 50k in your account.

This link is worth looking at to see what best fits your own personal situation: https://www.moneysense.ca/canadas-best-online-brokerages-2018-comparison-tool/

Title: Re: Investing at Vanguard Canada
Post by: Dogastrophe on January 17, 2019, 01:54:12 PM
I am using Scotia iTrade for no other reason than that is who I bank with and I had sufficient investments to get fees waived.  If you want a registered account and do not have a large amount ($25K, I believe) or over $50K of mortgage with Scotia, they will ding you with an annual admin fee.

Unfortunately Vanguard hasn't introduced a fund similar to VSTAX to the Canadian market so you will need to buy whole shares of ETF's