How T+2 Settlement Affects ETF Investors
These days we’re used to financial transactions that happen instantly. Buy groceries with your debit card and you see your bank account updated immediately. Send a friend money with an Interac transfe [...]
The ETF Volume You Can’t Hear
Most investors prefer using ETFs that are bought and sold frequently. Although thinly traded ETFs are not always less liquid, experienced investors will tell you that they do tend to have wider bid-as [...]
Announcing the Couch Potato Robo-Advisor Service
[Note: This was an April Fool's joke!] One of the most exciting developments in investing is the rise of online wealth managers, also known as robo-advisors. These services offer online portfolio mana [...]
Taxable Consequences of Norbert’s Gambit
Norbert’s gambit with the Horizons US Dollar Currency ETF (DLR/DLR.U) is often the most cost-efficient way to convert Canadian dollars to US dollars, or vice-versa. Our series of white papers focused [...]
Taking ETF Trades to the Next Level
Experienced investors know the theory: ETFs are supposed to trade very close to their net asset value (NAV). And most of the time they do. But this week my PWL Capital colleague Justin Bender and I en [...]
Understanding ECN Fees
The promise of commission-free ETFs has steered many index investors toward independent brokerages such as Questrade and Virtual Brokers. These deep discounters have a lot to offer, but before you sig [...]
An Interview With Wealthsimple: Part 2
Earlier this week I published an excerpt from my interview with David Nugent, portfolio manager of the online investment service Wealthsimple. In this second part of our interview, Nugent goes into mo [...]
ShareOwner: Canada’s First ETF Robo-Advisor
Back in February I wrote about the rise of robo-advisors, the online services that allow you to build an ETF portfolio that’s maintained by a computer. These services are already operating in the US, [...]
Ask the Spud: How Are Investors Protected?
Q: My father lost a large sum of money when the company holding his investments in his home country defrauded its clients. As a result, I worry whether it is safe to keep all our investments in one in [...]
Will Robo-Advisors Ever Come to Canada?
Every investor who's fired a bad advisor and become a do-it-yourselfer has probably had mixed feelings. On one hand, it’s liberating to get away from a costly strategy that was performing poorly. But [...]