Yes, Canadians can trade, invest and own US stocks. Grab more details on US stock market investing from Canada.
The vital tool for having a healthy portfolio is to diversify the portfolio across various industries, asset classes, sectors and countries. Exposure to international markets is in the vogue now. An international portfolio is the one that has a blend of stocks, bonds or ETFs from other countries.
The United States of America is the biggest economy in the world and the happenings in Wall Street has a direct impact on the world’s economy. Top companies like Apple, Tesla, Microsoft, Netflix, Tesla, Amazon, Facebook, Alphabet or Berkshire are all US based. Hence, Canadians always fancy investing in the stocks of their neighbors.
Yes, Canadians can trade, invest and own in US stocks. There are a number of brokerage platforms in Canada that give you access to trade or invest in the US stock Markets. Step one is to choose the right trading platform that is best suited for you. You have options to choose from platforms like Interactive Brokers, Wealthsimple, QTrade, Questrade, CIBC Investor’s Edge etc., Here we have compared the features of the platforms:
Based on your preferences, you can choose a trading platform. For example, if you would like to invest only in American shares, you can go for Wealthsimple as it has no fees. If you would like to invest in a range of US investment asset classes, you can choose Questrade that covers almost all asset types. The choice of a broking platform depends on your needs and objectives. You must also look into educational tools provided, availability of real time data and quotes, access to customer service, etc.,
Thus, trading and investing in US shares for Canadians, has never been this easy. There are a plethora of trading platforms that will help you get exposure to the biggest and the most impactful share market. However, it is important that you analyze your financial situation, needs, objectives, features of the trading platform and the implications of such investments before you commence investing.