Bryan Rogers

[music] >> Hello, I'm Anthony Okolie. I'm filling in for Greg Bonnell and welcome to MoneyTalk Live which is brought to you by TD Direct Investing. Coming up on today show: Bryan Rogers, Senior client education instructor at TD Direct Investing will be our guest on the show, taking your questions about how to get the most out of the WebBroker platform. And here's how you can get in touch with us, just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker. And before you get our guest today, let's get you caught up on the top stories in the business world today and take a look at how the markets are trading. Macy's earnings were in focus today. The US retailer reported third-quarter earnings that topped Wall Street expectations. The company reported stronger luxury sales for clothing, shoes and makeup. The retailer also raised its forecast heading into the critical holiday shopping season. And in more earnings news, US chipmaker Nvidia reported its third-quarter earnings fell 50% compared to the same period last year. A slump in gaming sales helped offset solid gains in its data centre business. Nvidia is a closely watch stock by markets as a leading indicator for the health of the tech sector. Finally, the operator of Tim Hortons in China is teaming up with e-commerce giant Alibaba to co-launch branded products. The two-year partnership is an effort to attract Chinese coffee drinkers with products such as velvet cocoa coffee. Tims China opened its 500th store last month, but it still lags behind Starbucks. The US coffee maker is the largest foreign coffee brand in China with about 6000 stores. And here's how markets are trading. Okay, taking a look at Canada's main stock index, it is down in early trading, extending yesterday's losses. Currently, it's not about hundred 69 points or about .9% to 19,788. One of the big movers on the market, of course, is Shopify. Shopify has been burned recently by the slow down in the e-commerce landscape which has reset to pre-COVID levels. Shopify is down about 2.4% right now. Turning to the US market, Wall Street, of course, is falling broadly while bond yields are rising once again. The broad-based S&P 500 index is down about 23 points or about .6%. Turning to the NASDAQ index, the tech heavy NASDAQ index, it's down about 91 points or about .8%. Taking a look at some of the big movers today, bath and body works, the stock is actually down about 3%. It was up in early trading. The retailer reported its third-quarter earnings double top of Wall Street estimates. The company also raised for your guidance. Some other movers today, Cisco Systems. Cisco Systems is a maker of computer networking equipment and it has reported its first-quarter earnings beat expectations. The company also issued better-than-expected second-quarter and full-year outlooks. Finally, salesforce, salesforce is down about 3.1%. Of course, salesforce is a business company that recently announced layoffs and it's one of many companies to announced layoffs as a result of slowdown in demand for its products. All right, joining us now is our featured guest, Bryan Rogers. He is a senior clientEducation instructor at TD Direct Investing. Thanks joining us today. >> Thanks for having me. >> Let's get to our first viewer question. This question is about deposits. How can I find the yield on a one-year term deposit on my broker? >> that's been a really common question lately in terms of looking up those fixed term deposits. You know with interest rates increasing more and more lately, something that a lot of investors are interested in. If we jump over to WebBroker, let me show everyone where you can find not just looking for a one-year term deposit or several years, but we can also look at different issuers that are available as well. We talked about this a few days ago on the hit where we were looking at research and if we go to our fixed income section, sorry, my apologies, our GIC Rate Sheet, we are looking at specifically GICs, we want to start with the GIC Rate Sheet and then you are going toscroll down and you can see allGICs, once it will be less than one year but if you are looking for specifically a one year yield, there are several actually can review. It depends on the issuer you want to look for but you can look onto the right hand side and see the annual returns. You can look at it from various term rates in terms of monthly or semiannually and how you want that interest to be paid out. But if you are just interested in an annual rate, you can scroll through and see several different issuers have different rates, but then you can find whatever one you prefer in terms of the largest rate and then you can go down even further down to two years all the way up to five years and you can select the different issuers. I did mention a little while ago that the reason is that advantageous to have those different retailers as well is you can obtain additional CDIC insurance coverage from the different issuers because it goes by the different companies issuing the GIC. So if you have a certain account like to FSA or RSP, you can have multiple issuers and cover yourself of $200,000 in multiple GICs. Go to that rate sheet and you will have a number of rates to select from on the columns here. > Great information. A great start. Right, onto the next question. Where can I find information on structured notes in WebBroker? >> Yeah, Anthony, that's another common question we've had recently to because I think there's been more popularity on the type of investment, the structure. We won't have time on today's session to go into what those are, but they are a debt instrument that has some sort of derivative tied to it, so it would be related to an index, similar to a market growth GIC. They are different but they are somewhat similar. But those that are interested in finding structured notes, that targets a little bit tricky because of the fact that you are often looking in that fixed income and if we jump into WebBroker again, and if I go to that research section,you won't find anything in the fixed income because you're going to find bonds and G bills that are re-sold on the secondary market but normally, structured notes are done on a primary basis so you do actually have to go into another section of WebBroker and you want to go into trade unit and you want to look at new issues. New IPOs like initial public offerings and newly issued preferred shares, things of that nature. We actually have a few structured notes that are there right now so if you click on new issues, and this is where those investors that are looking for structured notes are going to find that. you can tell what the structured note, you can see that these are the examples here, the TD Bank, down here TD Bank 48 are in excellent, so that's the link for the particular index. Memory coupon note. Some of them have potential principal at risk. So you're going to have the ability to earn more money but you also potentially could lose on some of these notes and one of the advantages is you are hoping to protect your principal. Some do have an opportunity for a little bit more return and they could have a bit of risk associated with them. What you're gonna want to do, there's another one down here that is principal protected, if you're looking at that as well, those of you who are familiar with structured notes are going to know what the primers are but if you are just learning on this, you can click on the actual link to the structured note and you're gonna really want to make sure you pay attention to the prospectus. So will give you a little bit of detail here. If you click on this link here, this will open a PDF and you were going to have that prospectus available where you have a lot more information to choose from. > Great information. No we know where to find the prospectus for those structured notes. Thanks for that. Let's get our next question. Where can I find the best performing ETFs? >> The best performing ETFs, we are actually gonna jump into WebBroker and get back to that screen again. We are gonna go right back into WebBroker and there are a number of places you can find exchange traded funds. I'm going to actually go into a couple of different levels here as well. We often seem to be jumping back to the research had quite often. So if all else fails, if you're looking for something like ETFs or stocks or options, mutual funds, the main place you want to start in WebBroker is the research tab and if we go to research and we go to ETFs, so we can click on the ETF category first, that I would recommend starting. I know this is something a lot of people are looking for. Because you have that advantage with ETFs, exchange traded funds, buying an investment that is diversified, has that automatic diversification built in, it's been very popular because of picking that one individual stock, you may be looking for an exchange traded fund that is similar to a mutual fundin the fact that the pool of assets and it does trade like a stock. So if you into the section on ETFs, you can see it automatically does the job for you to some extent where it depends too on what you are looking for from a performance perspective. Are you looking for more recent performance? A longer-term performance? That's we will have to decide what you can actually see right here, we have one year selected on the top and it does grab out a few of the top sectors or taught categories initially. You can see that craft out right away. But then if you scroll down, you can see there is a number of different funds within each category. We have the equity energy sector, we have energy Limited partnership, we have systematic trend and so on. And you can see they are filtered by a one-year return and they have a risk factor here as well. But if you want to look at something beyond that of your thinking, hey, I want to look at something that had a pretty good return over the last three years or five years or 10 years, simply select these icons up at the top and you're gonna notice that it will change because of different times over the longer period of time, different ETFs would've had different performance. If we are looking at just a return performance perspective, you can use these buttons, three-year, five-year, tenure and so on, and then you can see we have a large growth, large blend in technology, different categories. This is showing the five-year return. And then we have to do is simply click on that actual link and it will give you a number of ETFs. These are all US-based because we did have the US like selected in WebBroker. You can change that to Canadian if you want to prefer that. But now, you can actually select any of these ETFs themselves and you can filter these as well. If you want to look for on the basis of price or go up to here on the top, there is overview, their performance. I prefer to look at performance because I can see that one year, three or five year performance, I can sort all of these in that section. And you can also look at MorningStar ratings as well. MorningStar will provide a rating on a star basis so you can actually filter that also up to a five-star, four-star, five-star would be the highest. Now you click on each of these individual ETFs from that point and review them even further from different parameters. Then you can do your due diligence and look at the individual ETFs themselves. In terms of getting started and top performance, you can use these quick filters that are available in WebBroker. >> I like the fact that you can filter based on MorningStar ratings or one, two, three, five-year performance which is very helpful during this time. Thanks very much. We will get your questions about the WebBroker platform for Bryan Rogers in just a moment. As always, make sure you do your own research before making any investment decisions and a reminder that you can get in touch with us at any time. >> Do you have a question about investing or what's driving the markets? Our guests are eager to hear what's on your mind, so send us your questions. There are two ways you can get in touch with us. You can send us an email any time at moneytalklive@td.com, or you can use the question box right below the screen here on WebBroker. Just write in your question and hit said. We will see if one of our guys can get your answer right here at MoneyTalk Live. >> Okay, let's have a quick check in on the markets, we will check here in Canada, the broad-based TSX index, it is down hundred and 35 points,down .7%. Let's check out the broad-based S&P 500 index in the United States. It is also trading down, not quite as much, it's only down about 20 points, about half a percent at this time. We are back with Bryan Rogers from TD Direct Investing, taking your questions about the WebBroker platform. let's get to the next question. Is there a way I can protect my stock on the downside when I am not watching the market? >> Yes, Anthony, that's a big concern right now. I know people are a little bit concerned about the markets. We have seen up-and-down, especially during COVID, he went way up in the back down again. But if you know someone who has time to watch your account constantly, if you can't sit there all day, every day and constantly… When you first start learning trading, you learn about market orders, limit orders and things like that. The next step is to look at one of those orders I can utilize to make sure if I have a major downturn in the market, I'm protected and I can get out of that particular stock at a certain point. So I want to jump into WebBroker and we are going to show you a quick lesson on stop orders. so when we jump over there, we are actually this time going to trading. So any stock you do want to trade, you can click the buy and sell button and so on in WebBroker. But if you're starting from scratch, you can go to the trading tab and then you go to stocks and ETFs. And then if you click on sell, normally you're going to utilize, you can use them for buy orders in terms of active traders will use it in order to enter a position, but we are looking at stop orders. If you haven't heard that term before, this is an order where you are going to apply to a sale. So if I own a particular stock already, let me put in a symbol as an example, we will put in TD, so we got a symbol and we can see the price over here. If we were concerned on a major drop in the stock and we had profit that we may be had unrealized or accumulated if we bought the stock may be several years ago, me $50 a share or something like that, we were a little worried that if it dropped down to 80, that's the point where we want to get out of the stock, as an example. You can utilize what is called a stop order. The reason these are important is you will see a number of different ones but right now we are just going to focus on the top market order. You will enter in your quantity of shares. And then you're going to put in what is called a trigger price. What that means is if I were to enter in at a lower price, for example at 60 or $70, and you are to sell the stock at the current market price, $88, but I want to set up an order that just in case it drops down to $80 as an example, I could put in that as a trigger price, 80. 00 as an example, I could set it for a long period of time, good until cancelled. For Canadian stocks, they'll be open for 90 days, for US stocks, that can be hundred and 80 days you can leave it open for. Or you can specify date. Normally you are doing this for a longer period of time than a day. I could set it for a couple of months, maybe going to the end of January or something of that nature. Now I have the set where it will trigger a market order if it drops down to 80. So if I'm not watching it and it drops below 80, then I know I'm at least going to get out at that specific higher price. So that's how you can utilize a stop order. >> Great information, as you mentioned, in this environment. We will go on to the next question. I'm familiar with stop orders, but I see on the drop-down selection for trailing stop orders. What is a trailing stop order? >> Well, a trailing stop order is in order that's very similar to a stop order. We talked about stop orders already. But there is an element that they add in, the trailing element that they had in their for if you are looking to capitalize on a movement upward of the stock. So I'm going to jump into WebBroker again. We'll look at that example that I had with the stopover again quickly. This goes together nicely where we can show you, we go to trade in the stocks again. This is our order ticket, for those were not familiar. So if we put in the symbol, if we put in TD again, just to have some numbers to work with, and fire he is a regular stop order, we click the stock market or stop limit. Just before we go on to the trailing stop, the stop limit is identical to a stop order but you are just sitting and trigger point and you are also saying if you want to set a limit order, so a specific price to sell it in the market as well. That's the key difference there. You can do it either just a market order, which is the stock market or stop limit order as well. But when we get into the trailing stop order, it's a little bit different because if we go to the stock market again, just keep it simple, if I put in an $80 trigger price I did earlier, I have to go in every single day and adjust that if my stock is going way out. So that may not be an example right now in today's market, but if it was in a scenario where TD was going up to $90 the next day and $92 next day and so on, and I want to have my stop follow that all the way up, going on an upward path, I can't do that with regular stop order. I have to go in and manually change it. Let's see if I want to follow by, it's up about eight dollars, I have to adjust that continuously. So what are trailing stop is is in order that you can select like this, so if I do a trailing stop market, you're going to notice the term trigger Delta shows up. This right here. You can actually do a dollar amount or you can do a percentage as well. So that might make sense as soon as I explain this is that if I were to do a particular dollar amount, if I put in my hundred shares and then I want to do a dollar amount, say $1 it gives an estimated stop down here, 73. It is based on the current bid. Sif I were to enter the stop order now… after that order is entered and I've got it openedfor that 90 days possibly, if I have TD and I am going up to $100, this is now going to change to follow it by that $10 with the trigger Delta of 90. You can see how it's always following it all the way up. As long as it doesn't drop by more than whatever you are following the stock by, so save a dollar amount, if it drops by $10 stops in place and then you would get triggered out as it's starting to drop. But as it's on its way up, if it never drops more than your stop, that it's going to continue to follow it up and up and up and you could get potentially more profit with a trailing stop order. >> Great illustration there. We will get to the next question off the plant from. what if I want to be able to protect my stock from the downside but also capitalize on the upside? Can I use an order to cover both sides of the market? >> yeah, this is a great question as well, Anthony. It seems like we are stuck on our order entry segment here. I think there were a lot of questions recently on order entry and justifiably so. You want to cover yourself on the downside, something you really want to know how to do, and also the trailing stop… If you think there's going to be recovery and you want to have it follow the stock on the way up, that's great. But the really common question all the time is can I put into orders at once? It's almost that idea of can I be in two places at one time? Sometimes in life I don't think that's true, but in the case of technology in WebBroker, you can do that. So we jump back into that. I want to show that trade take it again, and there is a section a lot of people may not have noticed before. It's if you go into trading and you click on stocks and ETFs again, so we will put in TD one more time, and actually even before you do that, if you put that in there this may disappear if you go into this other section, but we want to look at is here we have stocks and ETFs, options, strategies and so on. If you've never noticed before, the strategies tab, this is what this is for. These are for what is called a conditional order. The question was saying, can I put in an order above the market? So TD is trading around $88 that I want to sell at say if he gets to 95 and I'm not able to sit there and watch my account all day, if I want to put in a limit order, you can put in a limit order that's higher and have it be good for a certain amount of time and if it hits that limit, it's gonna sell your stock. The thing that happens though is if you want to put that limit order in but you also want to simultaneously put in a stop order, the system is going to reject it if you did it just on your own, trying to put into different orders. If it was on the same 100 shares, it's only can allow you to enter one cell order at a time. But a solution that gets around that is you can go into here and it's called a one cancels other. If you already own stocks, so these are different things where you can buy the stocks differently. But if we explain a one cancels other order, this means I can put in my symbol with TD, then your quote is going to come up here. And I can enter a cell that's above the market. So I want to enter something that as I said around $95 in the next month, 90 days, the next three months, complete and cancel. Although if the market is going down, because the market can go into directions, I can obviously put in a second order and is going to do, you put in your symbol again, because you can use different stock strategy as well, more commonly, this is what is known as a bracket order, bracket meaning you're kind of getting both sides, above and below, and I can put in a sell order here or a stop market, a simple stock market order, you can use other ones as well. But I would put in a trigger price of say… $80. So now I'm covered on both sides of the market. You can see if I scroll up a little bit, I have the sell limit order at 95, I have this sell stop order at 80. So if the stock goes in either direction, I'm covered. I'm happy and loses much. If it goes down, I'm okay. If it goes up, I'm going to have the profit that I hope to get. What will happen is, the actual instant one is billed, than the other order is cancelled so you don't have a chance of getting a duplicate order. >> Great exultation, Bryan. Thank you very much for that. We will get back to your questions for Bryan Rogers on the WebBroker platform in just a moment. >> Give a question about investing or what's driving the market? Our guests are eager to hear what's on your mind, to send us your questions. There are two ways you can get in touch with us. You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here in WebBroker. Just write in your question and hit send. You will see if one of our guests can get you the answer right here at MoneyTalk Live. >> And we are back now is Bryan Rogers from TD Direct Investing. Here's our next question from our viewers. How can I be automatically updated when important news or event related to a specific stock or the markets in general? Bryan, this is certainly a very important question given what's happened in markets recently, we seen a lot of volatility. What's your thoughts on that? >> Yeah, there's been a lot of volatility, Anthony, and there's been a lot of news on interest rates. There could be something related to unemployment or retail sales, things like that. So we can get market updates in WebBroker. We can also get updates on a stock specifically if you want to see if a stock is going to be high or if there are earnings coming up for stock, all different kinds of things are available. So we jump right back into WebBroker again, this is going to be something that's under that research section initially. Remember, there are a number of different places you can access the stuff. So we go to research and then we actually go to alerts, this is one area where you can start to set alerts from a broad perspective. You can go into alerts, there is always an alerts tab where you will see alerts buttons all over the place when you get a quote on a stock, this will take you to mainly the same place. So if we start here and click on alerts, you will notice that it does ask you to enter a symbol. So could you get a lot more information once you enter that symbol. But before I go to that, what I want to show you is there is a section where you can either get an alert on an actual stock symbol, so the company itself, or you can set news and research alerts. So that was something that, Anthony, you just mentioned is really important to the people these days, especially with all the volatility. And if we click on the set news and research alerts, you can now go into, okay, do I want to see market gainers and losers? You can select that by index, so the NASDAQ or the New York Stock Exchange or the TSX. It's automatically going to be based on your settings when you set up your account with your email, so that's worth going to send it to. You can look at range gas if you want to be alerted every day in your email inbox in terms of stocks that might be gapping up or down. Those are some common ones that you can see from a market analysis. But once you get into news and research, this opens up a lot of stuff here. If you click on use and research, you can now get certain reports sent to you. It doesn't seem like it's a lot different. There are a lot of things that can be said. Actually accidentally one type it in, not accidentally but I put it in a demonstration that I did in a class I did, I put interest rates and I ended up getting about 10,000 emails over a week or so. So be careful what you put in there in terms of how general you are. But you can put in a keyword search, so if you're looking at some type of news like may be a consumer report or something like that, something in terms of pricing or inflation or whatever it may be, expect you might get a lot of information. You can always cancel us afterward. So if you go into a categories wall, you can see there is a drop down at different categories, and once you select one of these, it will open up a bit more information to select that even further. You will have a drop down where you can select several reports if you want to get daily it TDSI action notes or early calls. Things of that nature. You can click this, save it, get it your inbox fairly frequently. So that being said, that's on the news and research. I want to jump back to… A lot of people are surprised by the securities alerts. You go on here and you can enter a symbol but let's just try Apple. I'll try Apple. We will put an Apple stock, US stock. And now, doesn't matter any stock you looking for comments when TV the price, a little bit of an update on the price, it has category, price, volume. It's all related to the stock, news, ratings, indicators, events. Then you scroll down and you'll see more and more information that's available. If you want to know if the price drops below a certain price, if it rises above, if it's a new 52 week high, I know it's a popular when many are looking for. You have P/E ratio information, so there's some fundamental information here as well. Price At opening. A lot of great information is available. And then if you go across, you click on news, you can get general news on that stock, keep you in the know. Ratings, we have analyst recommendation changes, indicators, see you can use technical indicators. For those of you not familiar with that, that's looking at charting trends. So it will send you emails that have those indicators as well. And then even events such as a spinoff or a dividend announcement or earnings and things of that nature. So you could be alerted more than you thought you would ever wish for, Anthony, if you really want to. >> You just have to be careful not to add too many alerts so that your inbox is filled up. Let's move onto the next question. I love this one. I always want to do research on stocks but don't have the time sometimes. What is the Analyst Centre and how can I use it to research my stocks? >> Yeah, this one is one of my favourites too, Anthony, because a lot of client feedback I believe is I know a lot of my classes, for a long time people were saying, who are the analysts raiding the stock and how many analysts are reading it? It used to be where we just have an analyst rating and it would say whatever the star rating was or buy or sell recommendation. That stuff is still there, but we utilize a company called tip ranks that actually gives analyst ratings and it tells you who the analysts are, how many are following, how the analyst is ranked and a number of great pieces of information that can help you get started on looking at who is following the stock and what did they think of the stock as well. So we jumped into WebBroker again. I'm going to show some examples on the Analyst Centre. There is a way you can utilize this tool as well just in general. So we go to the research tab and then we click on the Analyst Centre, I'm in a go from the high level Ist and then I will select a symbol and show you how you can even do that were drilled down to the stock as well. But first off if you click on this Analyst Centre research in the Analyst Centre, you notice it says analyst rating. So this isn't like a MorningStar rating for the stock, it's breaking the analyst themselves. So if I want to look at who are the five-star analysts, it's going to show me right away. If I want to look at four or more star ratings, looking at buying, it's showing me what I'm selecting my category stocks that I can look at that are either based on five or four-star analysts that are giving by ratings, or I could look at cell ratings, whatever you prefer. You can selected to show both Canada and the US Oregon show just the US stocks. Then you can filter further if you want to look at large capor look at it by the sector. This gives you a quick report on the number of stocks that you can now serve. So if I just grab the first one here, maybe I'll grab Cisco, the company a lot of people are familiar with. If I click on Cisco Systems, I'm going to go back to this in a second, this page and a second, but I want to show you that if you pull up any quote on the stock, if I like this year, the price target is 59, I can click on Cisco. It's going to take me to the quote in WebBroker, so more information right of overview, charts, news and so on. But I can also go right into the analyst tab again, so this is more details from the analyst, and now is going to give me that information on what is the actual price target for the stock. It's going to show you a higher range, an average or low. It shows you the number of analysts, so there are 18 readings, it is rated as by overall. It shows you the breakdown here. And then you can see you within the lower part that Simon Leopold or Thomas Blakey, these are all the analysts that are washing the stock, but you can also see the ratings. Simons got a four-star rating. He's got a price target of this. And now I can click on the + and I can follow this particular analyst himself. So if I want to follow them, I can see my own followed analysts. I will show you that in a moment. If you like one, if you like a particular analyst, you see five-star and they come up several times, you can click on follow and I can look at the stocks that that analyst is watching. If I click on follow and analyst, these are just some that I looked at before. And you'll notice it has the names, it has the ranking, and it also has a total ranking of the number of analyst, so hundred and 46/251 or hundred and 73/321, so you can see the rankings and then you can also click the + and look at any recent ratings that they've given for other stock. So a lot of great information. There is even more you can do in there. But in a nutshell, you can drill down what the analysts are saying and then you can also follow particular analysts and see you that if there's someone you'd really like to follow you like the result, and that may give you some ideas to research further some of the stocks. >> That's something I didn't know, you can follow the analyst which is great. Okay, I think we've got time for one more question. What are Canadian Depository Receipts orders CDRs? >> Yeah, that's something that's being quite popular these days is a question as well. So if you think of people have probably heard of that term, FAANG stock, Facebook, Apple, a lot of the technology stocks. At a certain point, they were… So Amazon was around the $3000 range, Apple is the same thing, a lot of these ones have come down with stock splits. There are some that are still pretty high, the two, three, $400 range of people might be interested in. It's not just technology but very popular large cap stocksat a higher price. There has been Canadian exchange, the Neo exchange has offered a lot of the stocks on a fractional basis, meaning you can buy a certain ratio or just a small portion of that company and it's actually hedged for foreign exchange as well. So if we jump into WebBroker, I will show you a few examples and you can search this a little bit further yourself. We don't have information WebBroker that goes directly to the Neo exchange and the actual ratios, that was one of the questions we had, here, let me go to stocks first. If I pull up Apple, everybody is familiar with Apple or Amazon. So if I type those in, notice how I'm getting one with the Canadian flag. Maybe think to yourself if you've seen this before, wait a minute, Apple doesn't trade on the Canadian exchange. The US stock, there are some multi-listed stocks like TD and RBC, Canadian Lança my trade on the US exchange. That's a little bit different. If you are seeing this Canadian flag, if I click on that, this is showing me that it's a much smaller price, because it's representing a fractional share of Apple. So there's somebody that's interested in buying one of the stocks that you just couldn't afford one share, we go back to Apple on the US, or 100 shares, you might be able to afford hundred and $49.92, that's gonna cost you about $15,000 US to buy 100 shares, if you are just getting started out and you are interested in adding some of the stock to your portfolio what you want to do it on a basis of something you can afford, you can actually go to the Canadian version, here I'll actually show you Amazon here's another one, there are about 30 of them in total. You can check it out if you Google it, go to the Neo exchange, Canadian Depository Receipts, you will find a whole list of them. But if we look at Amazon for example in the US market, it's $95.80. But if we look at it on the Canadian Depository Receipts, the CDR, it trades for a lot less, $11.74 as a ratio of the share. It is also hedged to the foreign exchange. What they do is they have their ratio that may change each day based on the movement of Amazon stock, but they also adjusted based on whatever the US dollar is versus the Canadian dollar. So if you are holding it in your account in Canadian dollars, you don't have the foreign-exchange exposure on this as well. >> Great news. Particularly for young investors who might be trying to get into the markets and want to get some exposure to some of those stocks, great information. Thank you very much, Bryan. >> You're quite welcome. Thanks, Anthony. >> That's all the time we have for today show. Our thanks to Bryan Rogers, Senior client instructor at TD Direct Investing. And stay tuned. On Monday, Rishi Sondhi, economist from TD Bank will be our guest taking your questions about the housing market. And reminder that you can get a head start. Just email moneytalklive@td.com. That's all for our show today. Thank you and take care. [music]