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I should just add those instead of the penny stocks. A few shares each time and just let it keep running and growing.
Where's the fun in that? Like buying lottery tickets instead of stocks. Mathematically, there is a clear winner by miles but it's fun to dream (and the occasional victory can reduce time to retirement by years).
 
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M-P
An alternative to purchasing 1 Amazon or 1 Google share is to purchase Canadian Depository Receipts (CDR)
for these stocks in Canadian $ on the NEO exchange through your Broker (Questrade etc)

They offer most of the FANG stocks and other bluechip US stocks without having to purchase in your US trading account or paying exchange fees. Good for Margin or Registered accounts.

AMZN.NE
GOOG.NE
COST.NE
MSFT.NE
MVTS.NS (Facebook)
HD.NE
AAPL.NE
NFLX.NE
PFE.NE
TSLA.NE
BRK.NE
WMT.NE
DIS.NE

Concept Overview and current list of CDRs available.


 
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Wow thanks for that @STARSHIP didnt know that was even an option.
I have purchased some for my Wife's RRSP and TFSA Accounts and they do mirror the stocks they are based on.

Have updated the post with an additional link for a better understanding of the concept

 
Is anyone else using Questrade and frustrated with their reports? For one, my tax guy wants a "realized or recognized gains/losses report" for 2021 and QT doesn't provide that. The only reports they provide are trading reports that provide the details for each trade you made.
Him and I go thru the same debacle every year at tax time.
If I could edit the existing Excel report which shows all buys and sells for the year to make it compute a net gain or loss for the year, would that work? The file has a column that contains the trade dollar value for each trade, whether it s a buy or a sell. The buys are a negative value, the sells are a positive value. You can SUM that column and have a net amount for all trades. I tried that and ended up with around 70K on the plus side, meaning I sold 70K worth of stocks more than I bought. That didn't make sense to me, then I noticed that many trades in the report were from years ago even though the report was only supposed to be for January to December 2021. Oh vey....
 
Is anyone else using Questrade and frustrated with their reports? For one, my tax guy wants a "realized or recognized gains/losses report" for 2021 and QT doesn't provide that. The only reports they provide are trading reports that provide the details for each trade you made.
Him and I go thru the same debacle every year at tax time.
If I could edit the existing Excel report which shows all buys and sells for the year to make it compute a net gain or loss for the year, would that work? The file has a column that contains the trade dollar value for each trade, whether it s a buy or a sell. The buys are a negative value, the sells are a positive value. You can SUM that column and have a net amount for all trades. I tried that and ended up with around 70K on the plus side, meaning I sold 70K worth of stocks more than I bought. That didn't make sense to me, then I noticed that many trades in the report were from years ago even though the report was only supposed to be for January to December 2021. Oh vey....

Wouldn't that just be the T5008 statement?
 
Is anyone else using Questrade and frustrated with their reports? For one, my tax guy wants a "realized or recognized gains/losses report" for 2021 and QT doesn't provide that. The only reports they provide are trading reports that provide the details for each trade you made.
Him and I go thru the same debacle every year at tax time.
If I could edit the existing Excel report which shows all buys and sells for the year to make it compute a net gain or loss for the year, would that work? The file has a column that contains the trade dollar value for each trade, whether it s a buy or a sell. The buys are a negative value, the sells are a positive value. You can SUM that column and have a net amount for all trades. I tried that and ended up with around 70K on the plus side, meaning I sold 70K worth of stocks more than I bought. That didn't make sense to me, then I noticed that many trades in the report were from years ago even though the report was only supposed to be for January to December 2021. Oh vey....
A list of trades alone may not be sufficient. Assuming you are dealing with non-registered accounts, dividends matter too. As for a simple sum of a column, did you take some money out or have more cash sitting in the account now? I would not want to track all securities combined unless you wrnt to a fully cash position on dec 31. I know that I bought security x for y dollars and sold it for z dollars. That gives me a realized gain of z-y dollars on that security. I don't make many trades so tracking isn't hard for me.
 
I was actually thinking about that...how do you guys track your trades? Buy price/sell price/growth?

Simple excel? I don't because I have very few trades and very few stocks / funds within them...so I just use the QT summary.
 
I was actually thinking about that...how do you guys track your trades? Buy price/sell price/growth?

Simple excel? I don't because I have very few trades and very few stocks / funds within them...so I just use the QT summary.
I used to use a spreadsheet. I have moved on. Everything is in quicken now. Spreadsheet was fine when I bought x shares and later sold x shares. When stocks started splitting or doing drips and then I bought more or sold a partial position, it got too ugly. Quicken isn't perfect as it doesn't deal well with foreign currencies. Luckily, I only have investments in foreign currency in registered accounts so accurate tracking isn't as critical.
 
Wouldn't that just be the T5008 statement?
Yes. I just found that. Thank you. Its a loong story but QT wasn't showing me data for the correct account. There is an old empty account there that shows up as default and they can't remove it for me for some reason. I may be good now as there is also 2 other tax slips/reports available other than the T5008
 
Wouldn't that just be the T5008 statement?
That is precisely what is needed. And Investors edge provides it.

My pet peeve with Questrade and Investors Edge is the lack of current Dividend earnings summary. As it only shows up in the monthly report and does not show a summary MTD/YTD by investment.

I export to excel and do a pivot table to see what my monthly and YTD Dividend earnings are per investment.

Have used "Passiv" but it is only has a data sharing agreement with Questrade and few others but not Investors edge.
 
I used to use a spreadsheet. I have moved on. Everything is in quicken now. Spreadsheet was fine when I bought x shares and later sold x shares. When stocks started splitting or doing drips and then I bought more or sold a partial position, it got too ugly. Quicken isn't perfect as it doesn't deal well with foreign currencies. Luckily, I only have investments in foreign currency in registered accounts so accurate tracking isn't as critical.
Might have to look into this with time. Currently all accounts are registered.
 
Might have to look into this with time. Currently all accounts are registered.
New quicken is beyond horrendous. They have completely ruined it. I use 2011. I bought a newer copy but it had been destroyed so I went back to my older version.

Use quicken because you want to track all your finances. I am sure there are far better solutions if you only want to do investment tracking.
 
New quicken is beyond horrendous. They have completely ruined it. I use 2011. I bought a newer copy but it had been destroyed
That applies to so many products etc anymore....you made a good thing, upper brass says, make it better, we need to please the shareholders, something has to be done to make the brass happy, so look what we did....wow, superb...in the meantime the user experience suffers...."I just want it to do this simply"...who cares , it can do backflips!
 

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