Why are you asking me how I plan to use my accounts when I open them? 

The Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (external site) require the broker (National Bank Direct Brokerage) to obtain details of the intended use of brokerage accounts. 

To help you, here are the definitions of the choices available to you: 

• Saving for the short term: you're saving with a short-term horizon (e.g. a liquidity account). 
• Investing for a specific project: you invest for a specific project (e.g. real estate investment, education, car purchase, retirement, etc.). 
• Investing in the market for the long term: you invest with the aim of obtaining a long-term return. 
• Speculate: you frequently trade for short-term returns. 

You can select the option that suits your situation.