How To Become a Successful Options Trader + MORE Jul 10th

All about Canadian investments. Learn the ins and outs and get the latest news.
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Making sense of the markets this week: September 27, 2021 + MORE Sep 25th

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The robos are everywhere. What was once a little-known investing tool for tech-savvy investors is now commonplace, with everyone from newbie savers to retired boomers using robo-advisors to help manage their money.  
While advisors and traditional fund companies still manage the majority of money in Canada, with people paying more attention to fees and with interest in exchange-traded funds (ETFs) increasing, robo-advisors will only see their assets under management rise from here. According to the research aggregator Statista, Canadian robos will hold an estimated US$8.1 billion in assets under management in 2020, which, it predicts, will rise to US$16.6 billion by 2023, for a 26.7% compound annual growth rate.
As time goes on, these companies are also getting more sophisticated in their offerings. Some robos now offer chequing accounts, others let you pick stocks or buy insurance or offer real-life financial advice. You can invest in all kinds of accounts too, including Tax-Free Savings Accounts (TFSAs), Registered Retirement Savings Plan (RRSPs), Registered Retirement Income Fund (RRIFs), Registered Education Savings Plans (RESPs) and more…

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How To Become a Successful Options TraderBecoming an options trader takes time, research, and strategy. Before you can start successfully making strong profits, you must educate yourself on stock options and find a broker who can guide you along the process. Follow these steps to help you get started in becoming a successful options trader.

Research Stock Options and Learn How They Work

Before getting into the options trading game, you must learn what stock options are through research. As an overview, stock options are contracts that give you the option to buy or sell a stock at a certain price on the agreed-upon date. While purchasing stocks immediately gives you company ownership, stock options are more temporary contracts that provide short-term benefits.
There are a few elements to be aware of before handling stock options:

Strike price: This is the set price that options can be bought or sold at.
Premium: When starting your options contract, you’re required to pay a fee, which is the premium. Premiums are priced per each share and fluctuate as market prices move higher or lower…

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