⛏ Move Your Money If This Happens

Greetings Contrarian,

Here we go again, another Sunday edition with your most pressing question:

Hey Stuck McStuck,

I commend you for participating in private placements to take advantage of some great bargains out there at the moment.

It sounds like you’re dealing with a discount / online broker.

I suggest you keep that account for everyday, non-private placement trading. It’s also just good risk management to keep more than one account in case something goes horribly wrong.

However, I do recommend you instead manage your private placements through a full-service broker. The benefits are:

• They can streamline the process for you regarding the actual subscription and transfer of funds.

• They can streamline the receiving and dealing with shares as well as managing warrants.

• They’re a great way to get into some private placements you may not easily get access to.

It might be a good idea to get yourself one in Canada since they know PPs like you know your favourite sports team and you don’t necessarily need to be living in Canada.

They will be more expensive than your Interactive Brokers or similar account, but they will be able to deal with this particular issue much, much better.

A few of the better known ones are:

• PI Financial Corp. - (I recommend my broker Justin Hayek)

• Cannacord Genuity 

• Sprott Inc

• Echelon Wealth Partners Inc. (merging with PI)

Another benefit is that if you’re trying to trade CSE stocks outside of Canada it’s very unlikely you’ll be able to with your usual broker - a Canadian broker will give you that access.

Hope this helps!

Happy speculating (responsibly),

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment and is not investment advice or solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.