Getting Started
- What is Questrade?
- Questrade is a Canadian online brokerage that provides a platform for self-directed investing. It offers various investment products including stocks, ETFs, bonds, and more.
- How do I start investing with Questrade?
- To start investing, you'll need to open an account, verify your identity, and fund your account. The process is straightforward and can be completed online.
Investment Basics
- What's the difference between stocks and ETFs?
- Stocks represent ownership in a single company, while ETFs are collections of multiple securities that can include stocks, bonds, or other assets, offering built-in diversification.
- How much money do I need to start investing?
- You can start investing with any amount, though it's recommended to begin with enough to build a diversified portfolio. ETFs can be an excellent way to start with a smaller amount while maintaining diversification.