Hi Everyone,
I received a phone call today from my broker stating that I’m carrying too much money in cash and that I need to invest more money in equities by the end of next month.
I currently have the cash sitting in money market fund making around 2.5% and I’m about 40% in cash.
This is apparently against the rules. I like the current offering as I can make as many trades as I want for around $2700 per year which is 1% of the portfolio value.
I’m wondering if it is time to switch to online trading as the strategies that I have been using have lead me to best the market and by an increasing margin over the last couple of years including this year when the market is down.
Any advice would be appreciated. I live in Canada so I would need a trading platform that is available here.