How to Buy Fractional Shares on Wealthsimple Trade Tutorial - Step-by-Step Walkthrough

Описание: In this video, I'll walk through the process of purchasing fractional shares using Wealthsimple Trade, how to place fractional share orders, and what happens after Wealthsimple Trade puts the orders through. I'll show three buys as examples, including a U.S. dividend stock and the minimum amount you can purchase a fractional share for!

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Timestamps:
0:00 Introduction
0:50 How to find stocks on Wealthsimple Trade
1:06 Wealthsimple Trade has a Fractional Trading section that makes it easy to find fractional share-eligible stocks
1:27 EXAMPLE 1: Buying $20 of Canadian National Railway (CNR)
1:33 Quick, but important, disclaimer about these purchases
2:03 How to know when a stock is eligible for fractional trades on Wealthsimple Trade
3:41 Confirming the purchase and explaining the estimated number of shares
4:32 EXAMPLE 2: Buying $5 USD of Apple (AAPL), a U.S. Dividend Stock
5:00 Confirming the purchase and explaining the currency exchange transaction fee on U.S. stock trades
5:41 EXAMPLE 3: Buying $1 of Toronto-Dominion Bank (TD), the minimum amount you can buy a fractional share for
6:38 Confirming the purchase
6:44 All three orders are in. Next step: Wait!
6:50 Wealthsimple Trade executes fractional share trades once a trading day
7:00 Here's what time Wealthsimple Trade executes fractional share orders.
7:25 The orders have been completed! Here's what happens next.
7:39 Interestingly, my buys went through for a penny less than what I'd ordered.
8:03 Reviewing Example 1, my $20 CNR purchase
8:22 Reviewing Example 2, my $5 USD AAPL purchase
8:42 Reviewing Example 3, my $1 TD purchase
8:55 Recap of today's purchases
9:07 CONCLUSION: Fractional shares are great, and I hope Wealthsimple rolls out more eligible stocks soon.
9:19 QUESTION: Do you have fractional shares of a stock?
9:37 DISCLAIMER

Disclosure: At the time of publishing this video, I am long Apple (AAPL), CN Rail (CNR), and TD Bank (TD), along with Power Corporation of Canada (POW) and IGM Financial (IGM), primary investors in Wealthsimple. I own these stocks in my dividend garden.

Disclaimer: I am not a financial advisor. This video is for fun and entertainment purposes only and is not to be construed as financial advice. This video is presented AS IS, without warranty, and the information within might be outdated or inaccurate. Always do your own due diligence or seek the advice of a licensed financial professional. Investing carries risks, and past performance is no guarantee of future results. I am not liable or responsible for any financial decisions you make.