The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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“One of my stocks just split. Am I richer now?”
– moneysense.ca
If you’re an Apple or Tesla stockholder, you may have noticed that you’re now in possession of a bunch of new shares. On August 28, Apple did a 4-for-1 stock split. Three days later, Tesla split its shares 5-for-1. That means if you owned 100 shares each of Apple and Tesla before the split, you now have 400 and 500 shares, respectively. Awesome, right? Well, not so fast. Stock splits sound fun—who doesn’t want more shares?—but they don’t mean all that much for the investors holding these companies.
There are two reasons why a company might split its stock. The first is to get the price of its shares down to a level where it attracts more interest from retail investors. Before Tesla split, its share price was around $2,000—it’s now $416—while Apple’s share price dropped from about $500 to $123 at the time of writing. If you own shares in either of these companies, the value of your holdings has not changed. If you owned $2,000 in Tesla last week, you still own around $2,000 in Tesla today…
There are two reasons why a company might split its stock. The first is to get the price of its shares down to a level where it attracts more interest from retail investors. Before Tesla split, its share price was around $2,000—it’s now $416—while Apple’s share price dropped from about $500 to $123 at the time of writing. If you own shares in either of these companies, the value of your holdings has not changed. If you owned $2,000 in Tesla last week, you still own around $2,000 in Tesla today…
