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Bank of Montreal is accelerating its plans to offer one-on-one investing advice to high-end clients who are increasingly managing their own financial portfolios through low-fee online trading accounts.
A boom in online trading by do-it-yourself retail investors is fuelling new demand for investment advice from customers who are trying to navigate the markets, says Joanna Rotenberg, global head of Bank of Montreal’s wealth management operation.
the fact that no investor was too small. i didn t have a minimum. i finally had to impose minimums because the regulations are so complicated, it s now so expensive for me to open up small at, i can t afford it. the government is trying to protect the investor and the government made it so expensive that no one will take the accounts and now neve to do it all on their own to a discount broker and the government protected them from getting good advice. peter, as we talk today. i guess i m stunned with the harsh reality, we hear it as a great part of political talking points and speeches. but you have put the specifics right down for us to understand the very hard facts, of how government, not just that government does it, but how does government get in the pay of business, and make it hard to function, hard to hire, and hard to make a profit? peter schiff, i want to say thank you, it s been a pleasure to have you here. peter schiff.
that s not going to work. rolling in money from my unemployment check, can t do that? no. you can t do that, either. if you make too much money at that job you re out of luck, you can only contribute the full $5,000. if your income falls below $105 and 166,000 if you re married and filing jointly. so if you expect to make more than the income limit at some point in your career, you should open a roth while you re still young and eligible and opening up a roth ira is very easy. if you want to be conservativco invest in money market accounts and cds. use a brokerage firm or fund company and if you prefer to invest in individual stocks then you want to use a discount broker and some companies will let you open an account and make contributions online. be sure to designate which year you want it for. young people be a bit more aggressive because you have