The group’s nervous relationship with investing is perhaps no better explained than through 26-year-old Bradley Ferns of Scarborough, Ont. When the moment came for Ferns to start creating a portfolio, he was still so anxious that he only bought a single share of Air Canada to test the waters. He spent the next days watching his balance increase by pennies, instead of dollars.
In time, some let their initial conservative methods go by the wayside. Those who had the idea of keeping it simple with broad-market ETFs were all of a sudden dipping into individual stocks. Others began to seek out trades that could become four-, five- or ten-baggers in the small-cap market.Article content continued
Hanson and Smit are among the most active investors of the 15. They have to be if they want to successfully trade these volatile stocks. And the more active they are, the more revenue their discount online brokers can bring in.Article content continuedQuestrade chief operating officer Steve Graham While daytraders only make up a small percentage of TD Web Broker’s client base, Clark said that March was the first time that long-term investors were responsible for more active trades.Article content continued
Like the brokerages, the investors that the Post spoke with are also focused on the future. Six haven’t even sold a single stock yet because they’re investing for the long-term.Article content continued