If you are going to really participate in the run up of junior resource stocks that will likely accompany the coming bull market in gold and silver, chances are you are going to want to buy some Canadian stocks.
That can be a problem if you are an American.
If your online stock broker is Charles Schwab or Ameritrade or something like that, you have probably found that the only way to buy a Canadian stock is to place a phone call during working hours to the international trading desk and then pay a hefty commission.
Perhaps you have been directed to a broker like Rick Rule, a giant in the junior resource sector. Unless you have millions to invest with him, though, you probably will never talk to Rick himself. And, you pay full retail commissions that will stop your heart and eat up a lot of potential profits – or add to the losses.
Choosing an online stock broker is not an easy task, and quite truthfully I hate to mention any names at all. But I doubt those serious about opening an online trading account would even bother to contact me to ask so I better just mention it here.
I have done a lot of due diligence myself, and I always recommend that you do your own also, but the online broker that I recommend where you can buy and sell Canadian stocks at low down online commission prices is Interactive Brokers.
Fortunately, not only do I have my own success to draw upon, but some of the writers at Casey Research have backed me up on this.
Interactive Brokers allows you to buy and sell right on the Toronto or Venture exchanges. You can also trade currencies (forex) for next to nothing. Some minimums apply.
One more bonus is that IB has the most secure login of any online stock broker I have come across. Some online brokers have a password that is not even case sensitive and allows no special characters. IB, on the other hand, allows complex passwords AND has the option (a requirement in some cases) of using a security card with it.
Check them out if you are in the market for an online stock broker with good service, great commission prices, and security that few others have. They pay me nothing (hint, hint IB!) for sending you their way.
We are all about profiting from investment newsletters at this blog, get your B.S. somewhere else!
