My First Bank Stock- BMO!

6 Jul

My parents opened my first savings account with BMO.  I’ve always used them till they started increasing their fees.  Tired of keeping a minimum of $1500 in my account to waive my monthly fees, I switched over to President’s Choice No Fee Chequing account.  My second brokerage account was with BMO Investorline.  But I’ve turned to alternatives to save on trading costs such as Scotia Itrade and Questrade. 

Yesterday, I plunged down 100 shares @ $57.50 on BMO.  By July 29th, there’ll be an ex-dividend.  I am hoping for a sharp increase in the share price and sell on its high and maybe even scoop up $70 dollars in dividend.  Let’s see if this will pay off!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: