Open account in bank or use brokerage platforms? Canadian stocks or U.S. stocks?How to choose？
For bank or the platform. Actually, for me, is the same thing. It doesn't matter it's a bank or it's a 3rd party platform. So just open an account. OK? What you need to care is the transaction fee, the deal thing. So especially for the short term operators, if you want to buy yourself the shares, very often, you need care about the transaction fee. So it means it doesn't matter by the bank or by the platform, and they charge you transaction fee, and every time you sell, every time you buy.
So it'll be a big cost if you sell very often, e.g. every day, you sell ten times or buy ten times. So that's the major thing you need to take care of. And another one is you need to think about the convenience. So, maybe for some companies, they don't provide apps And if you use a cell phone very often, and Apple is very convenient, you have an app for you to operate. So I believe most companies have acts so. And also, there's another thing you need to care, and if they can buy Canadian shares, or USA shares, or Hong Kong shares, or European shares, and by and all the shares and from the worldwide And for the security part.
And I believe every single platform or back is safe. And they must register from the government. And it means the money you deposit there, and you put it there and it's safe, and your money will be there still. And for the Canada shares are the USA shares. And for me, and it will be the same thing for most of the USA companies, they consider Canada market as the part of the USA market. And for most of the Canada companies, and they consider the USA market as the extension of the Canada market.
So basically they are doing the similar business. So what you need really care is about the company and who are doing business with you, and who will receive your money and to do business. And please watch my another video I talked about these kind of things. And so you need understand, and who is the president, and who is the directors, and who is the CEO? And these kind of people, they will make decisions and how to use your money. Can they make profit for you every year? So And also, you need to understand their industry, and how good and how popular, and what's the trend for this industry.