Caitlin Cormier

[music] >> Hello, I'm Greg Bonnell and welcome to MoneyTalk Live, brought to you by TD Direct Investing. Every day, I'll be joined by guests from across TD, many of whom you'll only see here. We are going to take you there with moving the markets and answer your questions about investing. Coming up on today show: Caitlin Cormier from TD Direct Investing will be our guests, taking your questions about how to better utilize the WebBroker platform. An hour Anthony Okolie is going to join us with a preview of tomorrow's Bank of Canada rate decision and a little later, he will take a look at a new call on gold from TD Securities. Here's I can get in touch with us: email moneytalklive@td. com or fellow that your response boxunder the video player on my broker. Before he gets our guest today, let's get you an update on the markets. There was a pretty nice rally on Bay and Wall Street yesterday and a bit of a pause in that rally today. We are in the red on bay and wall,But nothing too dramatic. 20,609 points on the TSX Composite Index. We are down a pretty modest 21 points, a little more than 1/10 of a percent. Shopify had a bit of a nice run yesterday, there was an appetite benefiting tech stocks. Sentiments have shifted around the name to the positive side. 5787 four Shopify per share, down 1.8%. On Baytex energy, noticing a pullback on the price of crude. All the big oil and gas teams in Canada are pretty much trading on the same number, Baytex is down 1.6%. South of the border, let's check in on that broader breed of the market, the S&P 500. Again, nice rally yesterday and a bit of a pause on that today. Down seven points, less than 1/5 of a percent peered the tech heavy NASDAQ, we are still in the thick of earnings season, we still have Microsoft, after the closing bells today, NASDAQ is down about 12 points, 1/10 of a percent. Check in on Exxon, some of the oil and gas names on the side of the border. Exxon at 112 bucks and change just modestly flat right now, and that's your market update. Tomorrow, look at the latest rate decision from the Bank of Canada. It MoneyTalk's Anthony Okolie joins us now with a preview of what the market is expecting. Anthony. >> Thank you very much, Greg. The markets are expecting the Bank of Canada will hike interest rates one final time, 25 basis points, before pausing to see what impact the past interest rates will have on the economy. Of course, last year, the BOC hiked interest rates seven times and this will be the eighth straight hike. Now prior to this decision, the BOC has seen some recent economic news. We got the BOC survey, the good news there was inflation expectations seem to have peaked, but it's still pretty high. with respect to consumers and businesses, they expect a recession in that the next 12 months. They expect demand we can. With respect to economic data, it showing incredible resiliency. Canadian home sales were up in December, added 104000 Jobs in December. Much higher-than-expected. It really sets the stage for one more rate hike next week. >> Of course, we are going to get the monetary policy report tomorrow along with the rate decision. That's interesting because the BOC will then update its economic forecast. the big question we have as investors of central banks and earnings season is where the central bank heading this year. Do we fall to recession or not? >> Certainly. When we look at the retail sales data, we saw some weakness in November but the flash estimate showed stronger-than-expected .5% growth there. So certainly while we are seeing some weakness in economic growth, the economy is still resilient. A wage growth is still fairly strong. So certainly, looking ahead, the Bank of Canada will have to way that economic data with what their outlook is for the economy going forward. >> Of course, after we get the VOCs rate decision tomorrow, we will hear from Tiff Macklem at the conference, the club will be taking. It will be a week until we hear from the US Federal Reserve. As important as the BOC is, that will be the big one for investors to see what they do coming out of that meeting and how they sort of prepare us for perhaps an eventual end to the rate hiking cycle. >> Exactly, and not just in Canada. In the US, we are seeing increasing signs of a cooling economy. That's good news for the Fed. Last week, we heard from several Federal Reserve speakers, presidents, who were much more hawkish with regards to interest rates. Some are calling for the Federal Reserve to hike interest rates above 5% and certainly that had the markets rattled. But right now, markets are pricing in a 25 basis point rate hike on February 1 with about 97% probability. But again, that is the big one for the Fed. Of course, next week, when the Bank of Canada has a decision, I will be speaking with Alex Gorewicz, portfolio manager of active fixed income at TD fixed. >> Thanks, Anthony. >> My pleasure. > Anthony Okolie will be back a little later in the program to take a look at a new report from TD Securities on the gold miners. Stay tuned. Tomorrow, Andrew Kelvin from TD Securities will be our guest giving his reaction to the Bank of Canada rate decision, the monetary policy report and the economic forecast. We will hear from Tiff Macklem. He will want to miss it. We're going to get your questions about the WebBroker platform. Caitlin Cormier is joining us to talk about how to buy GIC, how to trade after-hours and how to find more money about money market funds. In get in touch anytime. You know moneytalklive@td.com or Phil at the viewer response box under the video player here on WebBroker. Let's get you an update on the world of business and take a look at how the markets are trading. Shares of Magna International are in the spotlight today, the auto parts maker is warning investors margins are being squeezed by lower sales and higher costs among other things. Magna says those factors will also hit the bottom line. The company is scheduled to report its full year 2022 financial results on a very 10. General Electric says it's renewable energy business will weigh on profits is here. The division has been under pressure by soaring inflation and supply chain issues, posting a loss of more than $2 billion last year. GE is now forecasting full-year adjusted earnings below the street's estimates. Microsoft on deck to report its laid squarely earnings after the closing bells today. A key focus for investors will be the health of the cloud business amid fears of a slowing economy and what is going to mean for customer demand. Microsoft recently announced plans to cut 10,000 jobs, roughly 5% of its global workforce. A check in on the markets, we'll take a look here at home with the TSX Composite Index. After the rally we sawyesterday, a bit of calm and caution, nothing too dramatic. We are down 33 points on the Bay Street benchmark, little more than 1/10 of a percent. Nearly benefits of a percent. South of the border, the S&P 500, same thing. Big gains yesterday, back down about nine points today, that's good for about 1/4% to the downside. Time now to bring our feature guest of today, Caitlin Cormier, client education is our true TD Direct Investing is here to take your questions on how to better utilize the platform. Great to have you here. We talk in these segments every day with you and some your colleagues, but it's a nice treat to have you here in studio to do the whole thing. Let's get to the questions now. What is the rate… What is the rate of the TD B2913 money market? Let's talk about these money market funds on the platform. >> Money market has become more interesting in the last little while with interest rates increasing and we are always talking about interest rates. A lot of people may be looking for some of the use short-term products to put money in and seeing what those rates would be compared to some of the other options out there. So I'm gonna show you how to actually find those money market funds and then specifically how to get there current yield. So let's hop into the platform. We will start off by clicking on the research button. We are going to go down here under investments to mutual funds. This is kind of our homepage for all different mutual funds that we have, all different categories, but we are going to really focus on the bottom, towards the bottom right-hand side where we have this quick screen tool. What I'm going to do is choose fund category is what I would like to filter and I'm going to scroll down here and find Canadian money market for today. Here I see Canadian money market, and I can see that is telling me there are 20 matches of Canadian money market funds that is going to show me. I'm going to click to view this 20 matches. It's as easy as that. I have a listing here of all these different money market funds available to purchase or to do additional research on. There are a bunch of different tabs along the top if I would like to kind of do some more research on each individual investment. However, if I just want to go ahead, as our viewer asked, if we want to do that, we are just going to click on this mutual fund code and it will take us hereto a little bit more information but the trick is just a click the buy button. That's going to take us to an order ticket and we can see down in the right hand side where the yield is. That is the current yield. If you look at other places within here, it's going to show you different yields for different periods of time, but that 4.31 is what the actual current yield for this fund is. You have to get right through, go right to the buy screen to find the particular yield for that. >> That's interesting because I was looking at some money market funds last week and WebBroker and I didn't know that was the trick. I was doing the same thing, going through all this information, so that's a good trick, click on the bike. >> Yeah, if you go to the performance tab, it's going to show you stuff that doesn't make as much sense. Stuff that doesn't sound like what you should be earning on money market. See click buy and that's where you can get your real number. >> Thank you, Caitlin. You're already making me feel better. Making the audience feel better too. Let's get to another question, this one about the thinkorswim platform. The viewer says I want to get access to its practice. Does TD Direct Investing have other platforms? And on this platform, can I look at some other ones and check out the features? >> Absolutely. During our sessions, we typically focus on WebBroker because it is our most user-friendly type of platform. It's available for everyone, to buy and hold. It has a lot of our research as well as educational content housed in his plan for them. But if you are a medium or active trader, if you are looking for live streaming data or more customization, we absolutely have other trading platforms that you can look into. The first one I will cover is advanced dashboard. There, you can trade Canadian and US options and equities. That means all of your retirement savings plans, tax-free savings, although sort of things. You can launch it through the trading platform. I won't go into details they but I want to show you where you get more information on it in case it sounds like you. So we are going to click in the trading platform. We are going to click on learn. I'm going to go to lessons. I'm going to filter all and click advanced… Is going to pop up and show us the videos we have about advanced dashboard. There are seven videos here you can take a look at and do some more research on this platform to see if maybe it has some features that you would like to expand on more and then you can go ahead and actually get registered for advanced dashboard and use it. Another trading platform and the one our client specifically talked about is the thinkorswim platform. It's only US options and equities. There is no option to do Canadian registered plans or anything like that. It's only US securities. You are limited to a margin account to do that type of trading versus any type of investing account. So it's for a specific customer that's really looking for that type of trading. We do have some educational content on it. So as far as our webinars go, we have some different webinars available on thinkorswim. But as was asked in the question, if there is a demo account, you can actually open what is called a paper trading account. So on the web, we have the website, it is on TD.com, you can go into TD and type in thinkorswim and it'll take you to this page here. It's going to tell you a little bit about the trading platform and it actually allows you to click to get started and that's where you go to actually start the process to get registered. So you register your software that paper trading account, download the software and kind of get your feet wet and learn more about the platform. Those are two of our more robust platforms for certain customers looking for more customization and live streaming data. >> Let's take another question now. Someone asked how you can find ETF's and mutual funds which meet the same results? I have a feeling this is a compare and contrast kind question. So if you're looking in the space, how do I compare the results of the two? >> Of course, yeah. There's always that age-old debate, and I looking at mutual funds or ETFs? There are a lot of similarities and differences between the two products. It makes sense that you might want to compare these two products side-by-side. The great news is you can do that in WebBroker. So again, we are going to do a screen to filter out the results that we have available. We are going to click on research. Under tools, we are going to go to screeners. Once we get here, we can choose either mutual funds or ETFs. It doesn't matter which one. I'm going to go with ETFs for today. I'm going to go over to the far right where it says to create a custom screen because I'm going to put my own data in there. Now, the most common type of ETF is those passive ETFs which areIndex ETF's. Some going to use that as our criteria today. I want to look at only index funds, so I'm choosing index and only index funds. I'm going to choose Canadian as well just to help filter down and I'm also going to choose a category. And what I'm going to choose is I will choose Canadian equities. So here we go. We are scrolling through here. Add Canadian equities so that we've got a number, a few less results there then previously. Notice I'm keeping this boxed text, that is key if we want to have mutual funds and ETF show up. Once you get here, we can see there are both. Right here, we can see this is an index fund. So that's a mutual fund. It's got a fun code. The next one is an ETF. We will just click a couple here. That's another ETF. And then we will click on this one here which is a mutual fund. So these are all the results here. Again, we got lots of information. We can pee But if we are really looking to compare side-by-side, I'm going to click this compare button, which is going to take me over to do a direct to side-by-side comparison of these different funds. Again, we see they are both mutual funds and ETF's. We can review information. All of the information is on this page and we have the opportunity to do that direct comparison between these two different types of investments. >> A lot of our viewers will know about the MER. There is a discrepancy between ETFs and mutual funds. This is the management expense ratio. >> Keeping in mind that mutual funds don't have that 999 commission versus the ETFs which do. That's something to take into consideration, a common difference between them. >> So there's something else to way out to when people are making their own decisions. Always make sure to do your own research at home before you make any investment decisions. We will get back to your question for Caitlin Cormier on the WebBroker plat from in just a few moments time. A reminder that you 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 anytime at moneytalklive@td.com. Or you can use the question box right below the screen here on WebBroker. Just writing your question and hit send. We will see if one of our guest can get you your answer right here at MoneyTalk Live. We will do a quick check on the market action. We are getting near the halfway point of the lunchtime trading session here at home on Bay Street. After a nice rally yesterday,A little bit of giveback, a little bit of a pause in that rally. We'll take a look at the TSX Composite Index, down about 24, 25 points. A little bit more than 1/10 of a percent. Indeed, south of the border, the S&P 500, also some modest giveback after a pretty healthy rally to start the trading week last week. Down 3 1/2 points, almost 1/10 of a percent on the downside. We are back now with Caitlin Cormier, taking your questions about the WebBroker plat from. This is been a popular question. Understandable in this rate environment. How I purchase a GIC on the platform? >> Another one talking about those interest rates. Speaking some interest in some, pardon the pun, different types of investments. We have GIC's available within WebBroker and they are not just TD GICs but they are GIC's from different types of institutions. You can really shop the market and have the opportunity to look at some different CDIC coverage, Canada Deposit Insurance Corporation. If you want to know more about that, just pull up their website and find out lots about what that insurance covers. So as far as buying them, they're two different ways and going to show you to get through. The first one, we are going to hop in, click on research and towards the bottom of the second column under investments, we see GIC Rate Sheet. This is going to take us to a homepage with all of the different GICs available. We've got five different categories here. All short-term, long-term, casual and market linked, all different types of GICs available for purchase. Notice at the top that you only are available to purchase GICs between Monday and Friday, 9 AM to 4 PM. There is not after hours trading when it comes to GICs. You have to purchase them during the day, during the trading day, if you will. If you look down, you can scroll through. It's a little bit overwhelming to see all of them at once. So you can hop into, for example, you want to look at long-term GICs, you can hop in and see the different information being categorized by length of time. It could be looking at three years, for example. We see all the different issuers that we have are listed. You can see different options for interest payments, whether you'd like monthly, semiannual, annual or compound interest. Once you've done a little bit of the peeking around and you're looking to go ahead and make the trade or by that particular GIC, I should say, all you have to do is click on the interest rate that you like. For example, you want a compounded annual, he would simply click and it will bring you into an order ticket. You just have to type in the investment amount. The next screen will go through and confirm everything that you need to know prior to hitting submit. Then you will go ahead and send the order off. Now, an alternative that you have to this is if you already know what you are looking for and you want to just kind of get there a little quicker, you can go directly to buy and sell and click on the GIC tab there. so you can click through a little quicker. Long-term GIC for example. You can click on the three year and choose our interest payment there. That is going to show us directly all of the different options we have for that specific criteria. It also gives us the option for those minimum amounts to invest. So for over $1000, then we see there only some GICs we can purchase. It's the same sort of idea, relatively straightforward process. You can always call the trading desk if you have additional questions or anything like that. But it is a pretty straightforwardprocess to purchase those GICs on the WebBroker law firm. >>I was doing this last year. Luckily. . . >> Some of them are pretty high. >> You only have so much money to put in a GIC. Look at another question now. How can I buy in at a price and sell at a price all in one transaction? For example, the buyer gives by a two dollars, sell it for dollars. How do we do this? >> Yeah, so this is kind of a more complex way of trading. If you are an investor and you're trying to take the emotion out of investing, which is usually a good practice because we tend to be, because we are human, we make these passionate decisions about buying and selling and writing trends. It's typically a good idea to set exit point when you were buying a security. We have some complex order type so you can keep yourself honest and at the beginning, set something in place to go ahead and keep you at that exit point. So what we will do to start to look at this is we will go under buy and sell and instead of going under the regular stocks and DTS, we are going to click on strategies. So we have four different options here to choose from. What I'm going to start with is the one triggers another option. I'm just going to type in a security name here just for us to go through here. You can type in either the symbol or the name of the company. So through this process, the first thing we talked about was buying a security. In this case, I'm going to put in that I would like to buy 100 shares of the security. I can choose to do a limit price, so I want to make sure that I'm going to pay no more than a particular price list is choose one 42 for today. I can leave it open for whatever period of time I choose, either for the day, specific. Or until cancel, which is 90 days for US securities. Once I have everything filled out on that, the next decision I have to make is when do I get out and what kind of return my looking for? In this second option, it's going to be for the same security but it's going to be a sell. This is my exit point. As I can see, I purchased for 142, let's just say I say if it gets to 160,then I'm good to get out. So that limit cell enables me to say, I don't want to sell it unless it hits $160. If it hits $160, then I would like to get out and take my profit. So take my money and run, basically. So I can click and have all of that information in there. Good till is also something I need to click. essentially, once I hit preview and submit, with disorders going to do is it's going to trigger that limit purchase of Apple. As soon as a purchase goes through, it's going to trigger that second order to be active and it will be a limit order waiting to fill if the price it's 160. The price never goes that high, it will never fail, but if the price does hit it, then it will go ahead and complete the order as long as I can complete it at that limit price. Now there is one other option that investors use. It would be like a bracket order. It's a way for you to not only have an exit point on the top of an order but also have an exit on the downside. So it's to protect your profits as well as protect losses. So this type of order actually has two different pieces. We will look at the one cancels another. In this phase, let's assume we already own the security and we are looking to put these exit points in place. So I already own… Let's go back to Apple. It's on my mind today I guess. So in this case, we are looking at two different cells. In this case again, let's say we are looking at 100 shares and we are going to do the same thing. If it hits 160, I would like to get out. I'm good till cancelled. Then on the other side, this is the new order, this one we are going to put on the downside. Now instead of a limit order, I'm going to do a stop limit or stock market. This is saying if the security hits a certain price, it will trigger a market order. This enables me to put in a price lower than the current market value wares with a limit order it has to be at least current market value. This allows me to put it in below market so I can figure almost losses. So it's a bite at 142, it starts going down and I say once it hits 135, I'm out, I'm done taking losses, I do want to hold the security anymore. So I can type in 135. If or when Apple goes down to 135, is going to trigger this order to sell my securities at whatever the current market prices. I probably want to put it in good till cancelled, same as the other order. Again, this is just bracketing that so I have that security. So I can take my profits and get out when I feel like I've made enough and also protect me from losing money on the other side of the security instead kind of starts dropping, it allows me to get out of the security before I'm waiting and waiting and waiting and may be riding the wrong way. >> Interesting tools because I love the way that you frame this. One of my New Year's resolutions is to take the emotion. I know I've been doing this for a long time… In the thick of it, your pride gets in the way or… >> It's a good strategy to implement. >> Let's get to another question now. What reports are available within WebBroker? > Another great question. So we have a ton of reports available. We have a lot of research available for customers and there are two different categories of report types. The first category would be market report. So on the market as a whole, the second would be those specific stock reports. So let's look at the market as a whole first. I'm going to click the research button and I'm going to go under markets and I'm going to click reports. So once I get here, I can see a whole host of reports that are available to me to view. They are from TD, they are from MorningStar, they are from Argus. They're all different types of reports available within here. As well as TD Economics, that's another place to go to see some different articles and information on different things happening within the economy. For today, let's just go ahead and pull up… What do we want to pull up? The Argus market digest. I went to click here and this is the midday market report of the previous day's market activity. I'm going to make it a little bit bigger here. As we can see, is talking about some specific stock here. It's giving us a market review. It's giving us some information about different ratings changes and that sort of thing. So a lot of content here available for you to kind of go through if you are looking for a bit of perspective as far as reports go. This one again is called the Argus market digest which is available under the market reports as a whole. The other option, as I said, is to look at a stock specifically and see reports from that stock. Again, we go under research and we click on stocks. And then, once we are at that page, we pull up whatever security it is that we would like to read the report on so let's just choose Enbridge. There we go. And we are going to go to reports. And here, these reports are on a specific security. So I click here, for example, on the Thomas Reuters report. It's right here at the bottom. I can click on that and it's going to give me an overview of what their opinion is of this particular stock. So it's got specific information as to what their score for it is, it has some comparisons to other securitiesin the same kind of markets. We can see peer analysis here. We can see really a ton of different metrics that give some kind ofbackground as to why this particular company believes that this, Enbridge, is rated the way it is. So again, lots of information to go through within these reports and they are available on a lot of stocks, especially those covered by analysts. Those would be available. It's as easy as something going into reports and taking a peek at what's there and seeing what might be best for your research. >>we are going to get back to questions for Caitlin Cormier about the WebBroker platform in a moment. Always do your own research before making 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 to send us your questions. There are two ways you can get 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 on WebBroker. just right in your question and hit send. We will see one of our guest can get you your answer right here MoneyTalk Live. the price of gold underperformed in 2022Amid aggressive federal rate hikes, softening demand from China and the strong US dollar. But many analysts are optimistic gold could rebound in 2023. Anthony Okolie joins us now to discuss TD Securities latest report on precious metal and its outlook for the year. >>TD Securities is positive on the outlook for gold amid the easing US dollar and slowing global growth. As Greg mentioned, in 2022, the growth in the value of gold came in well below expectations. Some of the drivers for gold growth included rising interest rates, a strong US dollar, uncertainty on demand in China which is gold's largest market. But optimism around gold is rising around easing inflation in the fourth quarter of last year's will is recession fears. Persistent recession fears could lead many central banks to slow the pace of interest rate hikes, making gold more attractive. In addition to that, physical gold, physical demand for gold is actually picked up by central banks which has reached a multi-decade record in the third quarter of last year so TD Securities is forecasting for the average gold price to be about $1850 US per ounce in 2023, that's up from 1750 and they also have the same outlook for 2024. No TD Securities notes that gold producers continue to expect upward inflation in 2023 but they also believe that producers are more conservative with their 2023 guidance after a pretty challenging year last year. As a result, TD Securities is maintaining their sector recommendation for gold. And given the recent strength of gold prices, they expect strong free cash flow for going forward. With… TD Securities believes that they should have a lot of capital to deploy in both capital returns and investing in the business. Greg? >> Alright, so want to look at that chart, they are constructive on gold this year, looking towards the end of the rate hiking cycle, but I'm pretty sure the next year was flat. What's going on there? >> TD Securities believes the Fed will be unwavering and not pivot. This they believe could weigh on the price of gold in the second half of 2023 and that's why TD Securities is forecasting a relatively flat gold price next year. >> Alright, Anthony, thanks for that. >> Anthony Okolie of MoneyTalk. Let's check in on the markets. We will start here on Bay Street with the TSX Composite Index. As we said yesterday there was some green on the screen, starting the trading week with a bit of a rally. 20,600 on the TSX, down 31 points, a little more than 1/10 of a percent. Magna International one of the stocks that's on the downside to in Toronto today, coming out warning about margins getting squeezed by the inflationary environment, higher costs, we see this across several sectors. The stock down today to the tune of about 7%. Crescent Point Energy, want to show in an energy he named to show what's happening with crude oil pulling back. At $9.86, Crescent is down about 1. 5%. The S&P 500, south of the border, nice rally to start the week yesterday and a little bit of a pause today. Down five points, a little more than 1/10 of a percent. The tech heavy NASDAQ is pretty much keeping pace with the broader market, it's doing a little bit better, it's down about two ticks. Microsoft expected to report after the closing bells today. Ahead of that, stocks flat. Focus will be on the cloud and what the customer interest will look like this year with a softening economy. We are back now with Caitlin Cormier from TD Direct Investing taking your questions about the WebBroker platform. How do I trade stocks after hours? >> After hours trading is absolutely something that can be done right within WebBroker. So there are some things to keep in mind. After hours trading is only for US securities. All orders that you put in half to be limit orders and not all US stocks actually trade on these after our markets because of the fact that some of the more junior stocks wouldn't. You may ask, what would it look at trading outside of hours? There are a few different reasons but one of the main lenses basically, companies tend to report earnings and that sort of things outside of regular business hours. So if they are reporting it outside of regular business hours and you are doing after hours trading, it allows you to maybe make some moves on this particular securities before trading opens for the next day. So I think you have a little bit of information that we can see about after hours trading. So just kind of some highlights there to show that we have, again, talking about the earnings piece, on TD Direct Investing, the other piece is we have to do a day plus extended market order type. As I said, US stocks only, limit orders only. You can trade between 8 AM and 9:20 AM Eastern time for free market and after hours are between 4 PM and 7 PM. And so some considerations and limitations. They extended market order work from the time the order is entered although into the end of after hours. If you put it in at 830, it's good until 7 PM that day, but that it will expire after the time period. If you only want to participate in a particular trading session, you will have to cancel your order at that point, once you are done during the trading session. There is less liquidity in this after hours market which is why they have these limit orders required because there can be a bit of a spread between the bid and ask price. it is 999 per trade if you do it on the trading platform, you can also call and speak to a representative but that's when you be $43, so the cheaper option would be to hop into WebBroker. I can also show it that option looks like in the buy sell. Let's jump in and pull about US security here. Your favourite US security, Greg? >> We've been doing Apple, so let's do that. >> Sounds good. We've all got Apple on the brain today. There we go. All right, so Apple. Remember we have to do that limit order and good till, you see that day plus extended market. Because it's the US security, is going to show us that day plus extended markets. So that is what I have to put in in order to go through with this particular order. This would be an after-hours order. It would be good now, if I put it in now, until 7 PM tonight. And that's as easy as it is. >> Great stuff as always from Caitlin Cormier. A real pleasure to have you. I look forward to the next one. Our thanks to Caitlin Cormier, client education structure at TD Direct Investing. Stay tuned. On tomorrow show, Andrew Kelvin, chief Canada strategist at TD Security will be our guest taking your questions about the economy, interest rates and the interest rate decision tomorrow a reminder that you get a head start with your questions, just email moneytalklive@td.com. That's all the time we have for the show today. Thanks for watching and will see you tomorrow. [music]