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InvestorLine - Get cash up to $2,000 when you invest in a new Self-Directed account

  • Last Updated:
  • Nov 18th, 2020 7:58 pm
[OP]
Member
May 1, 2005
265 posts
28 upvotes
Toronto

[BMO] InvestorLine - Get cash up to $2,000 when you invest in a new Self-Directed account

NEW CLIENTS ONLY

Invest more, earn more!
Get cash up to $2,000 when you invest in a new Self-Directed account.

Offer tiers table
You invest <=> You get:
$50,000 - $99,999 <=> $100
$100,000 - $249,999 <=> $250
$250,000 - $499,999 <=> $450
$500,000 - $999,999 <=> $950
$1,000,000+ <=> $2,000

Use Promo Code: SDCASH2000
Images
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19 replies
Jr. Member
Aug 17, 2019
136 posts
212 upvotes
GTA
Is having $1M handy to invest another RFDer trait?
In addition to deadlifting over 1000lbs and some other generalization I can’t remember?
Deal Addict
May 7, 2012
1096 posts
513 upvotes
Hangryhippo wrote: Is having $1M handy to invest another RFDer trait?
In addition to deadlifting over 1000lbs and some other generalization I can’t remember?
Yes that's the idea of being in RFD, paying attention and following good advice. Enjoy!
Deal Addict
Aug 4, 2006
3272 posts
2030 upvotes
Toronto
Hangryhippo wrote: Is having $1M handy to invest another RFDer trait?
In addition to deadlifting over 1000lbs and some other generalization I can’t remember?
I remember the good ol days when it was just making over $100k/year
Deal Addict
User avatar
Jun 15, 2005
1872 posts
1619 upvotes
Hangryhippo wrote: Is having $1M handy to invest another RFDer trait?
In addition to deadlifting over 1000lbs and some other generalization I can’t remember?
All RFDers make over $100k, have their RRSP and TFSA maxed, plus have million dollar homes with almost no mortgage.
Sr. Member
May 17, 2017
980 posts
2386 upvotes
Arkaine wrote: All RFDers make over $100k, have their RRSP and TFSA maxed, plus have million dollar homes with almost no mortgage.
you forgot about driving ancient beige toyota corollas
My phone plan is $400 a month for 500 MB of data.
My internet plan is $199.99 for capped internet and slow speeds.
My credit cards are the ones with annual fees but terrible rewards.
Did I RFD correctly?
Member
Apr 11, 2020
278 posts
489 upvotes
Arkaine wrote: All RFDers make over $100k, have their RRSP and TFSA maxed, plus have million dollar homes with almost no mortgage.
I thought the opposite, that all rfers make 50k/yr, spend $100/mo on groceries, and pay net zero for all their purchases after factoring points, discounts, and resale to breakeven.
Sr. Member
May 17, 2017
980 posts
2386 upvotes
Windyt wrote: I thought the opposite, that all rfers make 50k/yr, spend $100/mo on groceries, and pay net zero for all their purchases after factoring points, discounts, and resale to breakeven.
Crap, we forgot about how proud RFDers are about their cell phone plans, that they mention them in their signatures
My phone plan is $400 a month for 500 MB of data.
My internet plan is $199.99 for capped internet and slow speeds.
My credit cards are the ones with annual fees but terrible rewards.
Did I RFD correctly?
Deal Expert
User avatar
Feb 8, 2014
24332 posts
9725 upvotes
Socially Distanced
Hangryhippo wrote: Is having $1M handy to invest another RFDer trait?
In addition to deadlifting over 1000lbs and some other generalization I can’t remember?
AstonM wrote: I remember the good ol days when it was just making over $100k/year
Arkaine wrote: All RFDers make over $100k, have their RRSP and TFSA maxed, plus have million dollar homes with almost no mortgage.
scottmg wrote: you forgot about driving ancient beige toyota corollas
All the basic RFD lore in one post.
In fact in Rand McNally they wear hats on their feet and hamburgers eat people
Deal Addict
Dec 20, 2007
3116 posts
3138 upvotes
Prince George
As with all of the investment / brokerage deals posted here with free iPads, cash bonuses or whatever ... nobody expects you to have bundles of cash under your mattress just waiting to invest. These deals are targeted at people who have some savings with a different institution, encouraging them to move those existing savings over.

If you have zero existing savings then these deals are not for you, and making jokes about it isn’t helpful. (And you should probably take some time to evaluate your financial planning lol)
Sr. Member
Dec 5, 2011
880 posts
894 upvotes
After reading the fine print, this deal looks pretty cold. They don't even offer to cover transfer fees. Most places will at least cover $135-$150.
You may only have one (1) Promotion Account.

Deposits that are split across more than one account will not be considered for eligibility when calculating
whether you meet the net new asset minimum threshold (for example, $50K in a RRSP and $50K in a Nonregistered account cannot be combined to reach the $100K threshold).

I'll pass on this one.
Deal Fanatic
Oct 7, 2007
9078 posts
4948 upvotes
Does the offer stipulate "new clients only"? BMO routinely has these kinds of offers and usually existing clients qualify as long as they fund the account in accordance with the rules of the promotion. I skimmed the fine print but did not see this stipulated.
Sr. Member
Jun 17, 2018
518 posts
979 upvotes
Let's fix the title:

BMO InvestorLine - Get cash ~ 0.2% when you invest at least $50,000 in a new Self-Directed account

I know interest rates are near zero but isn't it still possible to do better than this in a savings account of some sort?
Deal Addict
Dec 20, 2007
3116 posts
3138 upvotes
Prince George
FunnyGamer wrote: Let's fix the title:

BMO InvestorLine - Get cash ~ 0.2% when you invest at least $50,000 in a new Self-Directed account

I know interest rates are near zero but isn't it still possible to do better than this in a savings account of some sort?
The “deal” is a cash bonus on top of whatever regular interest / income you’re already getting.

Whatever returns that money is getting where it is now... stock dividends/capital gains, mutual fund dividends/interest, GIC interest, whatever... you would continue to get the exact same returns when those investments are managed by a different company. (Assuming you transfer securities “in kind”. If you sell first and transfer cash, then returns on whatever you buy instead could be higher or lower.)

But it doesn’t sound all that great anyway, if it’s true that they don’t cover transfer fees.
Sr. Member
User avatar
Dec 11, 2010
677 posts
518 upvotes
Go with IBKR and don’t look back.
You'll Never Walk Alone.
Deal Fanatic
Oct 7, 2007
9078 posts
4948 upvotes
blurx wrote: Go with IBKR and don’t look back.
IBKR? Interactive Brokers??
Member
Dec 12, 2009
439 posts
291 upvotes
cheaper_than_cheap wrote: The “deal” is a cash bonus on top of whatever regular interest / income you’re already getting.

Whatever returns that money is getting where it is now... stock dividends/capital gains, mutual fund dividends/interest, GIC interest, whatever... you would continue to get the exact same returns when those investments are managed by a different company. (Assuming you transfer securities “in kind”. If you sell first and transfer cash, then returns on whatever you buy instead could be higher or lower.)

But it doesn’t sound all that great anyway, if it’s true that they don’t cover transfer fees.
Also bonus money is tax free.
Banned
User avatar
May 7, 2007
13912 posts
5701 upvotes
" $100,000 - $249,999 <=> $250 "


Kinda nasty ... the standard for promo $100K - $250K .... is generally $400

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