If You Want to Ride, Gotta Get a Horse, or ...

... How Do I Start Investing For Myself?

Back in the day, we lowly civilians (for Roman history buffs insert “the plebes”) did not ride the horses…we followed behind on foot. Just like we did not have direct access to the markets. We weren’t allowed to buy and sell stocks at our leisure. We needed a broker – a privileged man with a fancy horse.

When you go see a man (or woman!) about a horse, how do you know which horse is best?

To be perfectly honest, there isn’t a huge difference in brokers anymore. They have pretty standard features and functionality.

If you prefer the convenience of easily moving money from your bank accounts to your brokerage accounts, stick with your bank’s version. All the major banks have an online brokerage.

If your financial institution doesn’t have an online brokerage or you prefer to ride free, no problemo, cowpoke. There are several independent brokerages (like Qtrade or Questrade) that provide fast, safe, and efficient services (including cash transfers between them and your financial institution).

For a comparative review of the most popular online brokerage options in Canada, click HERE.

When it’s all said and done, the most important thing is to get a horse … and get ridin’!

Want to become a DIY Dividender and learn how to build a reliable and growing income?

Check out our workshop, DIY: Design Your Six Figure Retirement.