Frequently Asked Questions - ShareOwner Investments Inc.

Frequently Asked Questions

Account Types

FAQs

How Co-Op Investing Works

Investors choose securities from ShareOwner’s list of pre-screened Canadian and U.S. growth stocks and Exchange-Traded Funds (ETFs) that represent stock market indexes from around the world.

Co-Op Trades

ShareOwner combines all orders to buy or sell a security into one Co-Op order that is executed on the security’s principal stock exchange.

Buyers pay – and sellers receive – the same average price paid or received for all shares included in the Co-Op order.

For example, orders to buy or sell Home Depot shares are accumulated and combined into one weekly Co-Op trade – every Thursday. The less-popular shares of Johnson & Johnson are traded once each month, on the fourth Wednesday.

Investors making a Co-Op trade provide ShareOwner with online instructions:

	(1)	to buy, with cash in their account or with an electronic-funds transfer from a bank;
	(2)	to sell, and to deposit the proceeds into their account or to receive a cheque.

'Dollar-based' Orders

Co-Op Trading lets an investor purchase a single security (or diversified portfolio) with convenient dollar amounts, such as $100 … $500 … $1,000, instead of often expensive board lots of 100 shares.

Busy, self-reliant investors enjoy additional convenience by setting up automatic withdrawals from a chequing account every one, two or three months to buy a single security or diversified portfolio with an amount that fits their cash flow.