I became a fully self-directed investor in 2021 and no exaggeration, it was one of the best financial decisions I've ever made! Up until then, I'd used an advisor, then switched to a robo-advisor. But then I came to a point where I wanted more control over my investments, not to mention wanting to save more money on fees. Even though the transition from leaving my robo-advisor to going self-directed through a discount brokerage was fairly seamless, making the switch was still intimidating and I know that's been a common sentiment from students in my Wealth Building Blueprint for Canadians course as well.
That's why I wanted to invite An Le, Business Development Manager at National Bank Direct Brokerage, on the podcast to discuss all the ins and outs of becoming a self-directed investor from setting up your account, developing an investment strategy, and placing your first trade. This is an essential listen to anyone who wants to start investing on their own but isn't sure what steps to take.
*This episode of the More Money Podcast is made in collaboration with National Bank Direct Brokerage, the first broker from a Canadian bank to offer online trading of stocks and ETFs for zero commissions. To learn more and open an account, visit https://nbdb.ca/.*
📖 CHAPTERS
00:00 Introduction
02:06 Introduction to Self-Directed Investing
12:27 Getting Started with Self-Directed Investing
19:11 Transferring Investments to a New Brokerage
25:03 Understanding Different Types of Orders
32:34 Tracking Your Investments as a Self-Directed Investor
43:45 Final Tips for Successful Self-Directed Investing
📌 RESOURCES I MENTIONED
Learn more about National Bank Direct Brokerage and commission-free investing https://nbdb.ca/
Enter to win a copy of books featured on this season https://jessicamoorhouse.com/contest
Show notes & transcript https://jessicamoorhouse.com/413
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