Expired Hot Deals

Tangerine

$25 for every $5,000 invested, maybe targeted

  • Last Updated:
  • Jan 26th, 2021 1:28 am
[OP]
Jr. Member
User avatar
Apr 20, 2009
161 posts
106 upvotes
Ottawa

[Tangerine] $25 for every $5,000 invested, maybe targeted

Deal Link:
Retailer:
Tangerine
More offers from Tangerine
"How smart saving becomes smart investing… with a $750 cash Bonus"

"
Open an RSP, Tax-Free or RIF Investment Fund Account.

Contribute to your new Account between now and March 1, 2021 to get up to $750 back in your pocket ($25 for every $5,000 you invest).

Keep your contribution in your Account until at least May 1, 2021.

Get cash in your Account – Cha-ching! "
Last edited by TomRFD on Jan 25th, 2021 6:44 pm, edited 2 times in total.
Reason: retailer field was empty
17 replies
Deal Addict
Sep 4, 2007
1490 posts
1616 upvotes
Edmonton
Tangerine funds have a 1% MER so you're already net negative -$25 on every $5000 you invest with them vs buying an all in one ETF at a self directed brokerage like TD or Quest Trade. Then it's -$50 per $5000 every year thereafter.
Jr. Member
Dec 1, 2016
117 posts
110 upvotes
Great way to turn an extra $150,000 into $150,750!
[OP]
Jr. Member
User avatar
Apr 20, 2009
161 posts
106 upvotes
Ottawa
frozenmelon wrote: Tangerine funds have a 1% MER so you're already net negative -$25 on every $5000 you invest with them vs buying an all in one ETF at a self directed brokerage like TD or Quest Trade. Then it's -$50 per $5000 every year thereafter.
you are almost correct Sherlock...

their etf portfolio fee is 0.5%, for sure it is not for the do it yourselfers but it is on par now with other roboadvisers + 0.5% bonus now to park your money with them instead of wealtsimple or the likes for a few months
Newbie
Sep 8, 2019
42 posts
42 upvotes
At 0.5% for 2-3 months of parking, this is pretty good. Annualized could be 2-3% in bonuses.

Looks like they’re only registered accounts though so I’m out. Too much hassle to transfer registered accounts in, then back to my regular brokerage for only 2 months.
Deal Addict
Aug 15, 2009
2097 posts
1690 upvotes
Montreal
My RRSP is already full... To much hassle. I'll stay away.
Deal Fanatic
Feb 4, 2015
7919 posts
4048 upvotes
Canada, Eh!!
Got as well but not interested as only for registered accounts.
2022: BOC raised 2 times and MCAP raised its prime next day.
2017 to 2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.
Deal Fanatic
Jan 18, 2003
6058 posts
1879 upvotes
Mississauga
frozenmelon wrote: Tangerine funds have a 1% MER so you're already net negative -$25 on every $5000 you invest with them vs buying an all in one ETF at a self directed brokerage like TD or Quest Trade. Then it's -$50 per $5000 every year thereafter.
i think their new global etf are 0.65% mer...

the all in one etf at questrade and others.... lower mer but still have mer...0.2-0.25
Deal Addict
Jan 5, 2018
1245 posts
985 upvotes
I make $25 every second. I don't think I need this.
NOT A WOMAN. JUST GOT A WEIRD NAME. I AM A MAN. THANKS.
Sr. Member
May 28, 2011
819 posts
807 upvotes
Stop....and just gimme another 2%+ savings offer Tangerine...
Member
Dec 18, 2018
212 posts
678 upvotes
may as well just park the money in your EQ bank or questrade for ETF.
Sr. Member
Nov 13, 2018
842 posts
1879 upvotes
jenneth wrote: I make $25 every second. I don't think I need this.
This guy makes $24*60*60=$90,000 per hour or $187.2Million per year based on a 40 hour work week.

What are you doing wasting your time replying to this thread, the reply above cost you at least fifty bucks?!?!!!!!
Sr. Member
Nov 13, 2018
842 posts
1879 upvotes
Azinsansation wrote: Etfs also have MER
ETF MER is a fraction of what Tangerine charges. My self directed 3-ETF portfolio has a weighted MER of 0.16
Deal Addict
Jan 5, 2018
1245 posts
985 upvotes
mikebmt wrote: This guy makes $24*60*60=$90,000 per hour or $187.2Million per year based on a 40 hour work week.

What are you doing wasting your time replying to this thread, the reply above cost you at least fifty bucks?!?!!!!!
watching my GME gains!
NOT A WOMAN. JUST GOT A WEIRD NAME. I AM A MAN. THANKS.
Deal Addict
Nov 21, 2017
3373 posts
3852 upvotes
jenneth wrote: watching my GME gains!
Anonymous gloating is about as satisfying as phone sex.
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