RBC DIRECT INVESTING

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mylund
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RBC DIRECT INVESTING

Post by mylund » 03 Nov 2008 17:51

I made up my mind and will transfer my rrsp accnt & cash accnt to the RBCDI.My concern is will the monies from my present broker be released in time to qualify for the 1% bonus.I once transfered monies from my broker to ING direct because of the 4.5% GIC one yr.term and it toke 8 weeks to get to ING.I will also be out of the country for 6 weeks starting Jan. 6th and the RBC deadline is Nov.28th to initiate the move and all monies must be in RBCDI by Feb?2009.
Any comments.
Regards.

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Peculiar_Investor
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Re: RBC DIRECT INVESTING

Post by Peculiar_Investor » 03 Nov 2008 18:19

mylund wrote:I made up my mind and will transfer my rrsp accnt & cash accnt to the RBCDI.My concern is will the monies from my present broker be released in time to qualify for the 1% bonus.I once transfered monies from my broker to ING direct because of the 4.5% GIC one yr.term and it toke 8 weeks to get to ING.I will also be out of the country for 6 weeks starting Jan. 6th and the RBC deadline is Nov.28th to initiate the move and all monies must be in RBCDI by Feb?2009.
Any comments.
Regards.
While I have no experience with RBCDI, I went through the same process transferring funds from Nesbitt Burns to TDW last year.

For me the key item was to make sure that you have a contact person at the receiving end. Make sure that that person understands your expectation of them to ensure a smooth and timely transition.

In the initial discussion, disclosure ALL the investments that are to be transferred and make sure you understand which ones can or cannot be transferred. Make sure you understand how each security is transferred. There are different processes, some electronic (read - happen quickly) and some paper based (read - happen slower).

Good luck.

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Post by Peculiar_Investor » 03 Nov 2008 18:28

Likely OT, but here goes.

In this thread and many others, FWF'ers pursue some sort of bonus such as RBCDI's 1% bonus, or xx% extra on a GIC or deposit account. My question is thus:

When considering the pursuit of the bonus, extra interest, ... free toaster (with attached bank :wink: ), how is the time and effort of making the transfer, move, etc. considered in the equation?

I know from my experiences, transferring accounts between financial institutions requires time and effort on my part beyond the initial fill out the paperwork (electronic form). While I've never quantified how much reward I require vs. effort expended, off the top of my head, I don't think I would be doing it as often as some on FWF seem to be considering.

Moderator -- feel free to move this to a new/old thread if more appropriate.

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Post by westinvest » 03 Nov 2008 19:32

Peculiar_Investor wrote:Likely OT, but here goes.

In this thread and many others, FWF'ers pursue some sort of bonus such as RBCDI's 1% bonus, or xx% extra on a GIC or deposit account. My question is thus:

When considering the pursuit of the bonus, extra interest, ... free toaster (with attached bank :wink: ), how is the time and effort of making the transfer, move, etc. considered in the equation?

I know from my experiences, transferring accounts between financial institutions requires time and effort on my part beyond the initial fill out the paperwork (electronic form). While I've never quantified how much reward I require vs. effort expended, off the top of my head, I don't think I would be doing it as often as some on FWF seem to be considering.

Moderator -- feel free to move this to a new/old thread if more appropriate.
Let's put it this way - I wouldn't do it for a toaster (no matter what it's attached to), but for $2500 in free money the couple of hours chasing down a transfer is well spent.

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Post by George L » 03 Nov 2008 22:00

Mylund wrote:
My concern is will the monies from my present broker be released in time to qualify for the 1% bonus
It took only one week to transfer my investment account to RBCDI. RRSP accounts will take longer. Please check "RBC Direct Investing to offer 1% Again" for the discussions on this subject.

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Bylo Selhi
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Post by Bylo Selhi » 03 Nov 2008 22:14

westinvest wrote:but for $2500 in free money the couple of hours chasing down a transfer is well spent.
That's per account. A couple each with a taxable and registered account could scoop $10,000, tax-free.
My concern is will the monies from my present broker be released in time to qualify for the 1% bonus
Read RBC's FAQ, "Transfers must be initiated prior to or on November 28, 2008 and the Transferred Assets must be received into your Account no later than February 27, 2009 in order to qualify for this offer."
Sedulously eschew obfuscatory hyperverbosity and prolixity.

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Re: RBC DIRECT INVESTING

Post by Shakespeare » 31 Jul 2016 21:16

New interface now shows 1 year actual account returns. Possibly IRR (or modified Dietz?) since cash flows are taken into account.

A nice feature. :thumbsup:
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Re: RBC DIRECT INVESTING

Post by ockham » 31 Jul 2016 21:46

Shakespeare wrote:New interface now shows 1 year actual account returns. Possibly IRR (or modified Dietz?) since cash flows are taken into account.

A nice feature. :thumbsup:
A feature more than offset by an inability to sort GICs and strip bonds by maturity date. (When I called to complain, it was clear that I wasn't the first one! They're working on it, I was assured.)

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Re: RBC DIRECT INVESTING

Post by Shakespeare » 31 Jul 2016 22:01

It would also be more useful if they showed accrued interest. Still, it's a significant step forward.
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Re: RBC DIRECT INVESTING

Post by Shakespeare » 23 Aug 2017 09:38

Message on RBCDI site:
Date: 19 Aug 2017 07:58 AM ET

A Real-Time Foreign Exchange feature is now available on our website. During Foreign Exchange Hours (Approx. 7:45 am to 4:45 pm ET on business days), you are now able to obtain real-time foreign exchange rates when requesting a transfer from Canadian Dollars to US Dollars or vice versa.

To request a foreign exchange transfer, you can visit the Transfer Cash page under My Portfolio.

As part of this enhancement, RBC Direct Investing will no longer schedule foreign exchange conversions on the trade settlement date to offset any debit balances in your account. For more information on how this may affect you, please contact an Investment Services Representative at 1-800-769-2560.
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Re: RBC DIRECT INVESTING

Post by RBull » 23 Aug 2017 11:03

Shakespeare wrote:
31 Jul 2016 21:16
New interface now shows 1 year actual account returns. Possibly IRR (or modified Dietz?) since cash flows are taken into account.

A nice feature. :thumbsup:
It's modified dietz.

I see we also now have email notifications for all dividends/distributions-ex dividend, payout dates etc

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Re: RBC DIRECT INVESTING

Post by longinvest » 23 Aug 2017 12:40

Personally, I like to calculate two types of returns across my multiple accounts: internal (money-weighted) and comparable (time-weighted). I use a free (online or downloadable) calculator which does it very simply: Calculating personal returns.

Note that there might be reasons why I really like using this calculator. :wink:
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Re: RBC DIRECT INVESTING

Post by Shakespeare » 11 Dec 2017 20:17

Today I was signed out whenever I removed the focus to click on another computer page - say, a statement pdf - and then clicked back. This may be a security measure but I find it annoying. :cry:
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Re: RBC DIRECT INVESTING

Post by IdOp » 11 Dec 2017 22:28

That would be incredibly annoying. What would be the point of having a multi-tasking computer if they were going to essentially confine you to stay in one application?

FWIW I just tried to reproduce what happened to you, but things worked normally.

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Re: RBC DIRECT INVESTING

Post by Shakespeare » 11 Dec 2017 23:57

Thank you. It turns out that this occurred while I was in a bill-paying submenu and does not occur while just viewing balances.

I was, of course, trying to double-check the value of the bill I was trying to pay.... :roll:
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Re: RBC DIRECT INVESTING

Post by kcowan » 12 Dec 2017 08:10

Only a big Canadian bank would expect you to write down your outstanding bill balances in order to pay them electronically! I use a text file to record them so I do not have a navigate away from their site on the browser.
For the fun of it...Keith

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Re: RBC DIRECT INVESTING

Post by gaspr » 03 Jan 2018 11:31

RBC DI seems to be down this AM...Anyone else having issues?

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Re: RBC DIRECT INVESTING

Post by barrister » 03 Jan 2018 11:39

Yes, very very slow to load.

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Re: RBC DIRECT INVESTING

Post by rhenderson » 03 Jan 2018 11:42

Even after the page finally appeared I was unable to complete a transaction, it just timed out. :(

TD is also having problems,"we are currently having difficulties with this site . . . please try again"

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Ken
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Re: RBC DIRECT INVESTING

Post by Ken » 03 Jan 2018 11:59

I just now finally got into my RBC account
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Re: RBC DIRECT INVESTING

Post by Irwin » 03 Jan 2018 12:30

Haven't tried RBC DI yet, but yesterday Mawer DI was down for a couple hours. I chalked it up to year-end settling. Not even going to attempt TFSA purchase until next week. Still have to have manual help at Mawer.

Lots of people clamouring to get into the market is it? Makes me nervous.

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Re: RBC DIRECT INVESTING

Post by Taggart » 03 Jan 2018 14:58

Royal Bank hit with rolling online outages, problems logging in

http://www.cbc.ca/news/business/royal-b ... -1.4471629

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Re: RBC DIRECT INVESTING

Post by Peculiar_Investor » 10 Feb 2018 09:58

I am a bit surprised about the lack of mention of RBC Direct Investing recent problems. James Hymas wasn't too impressed in his recent blog post February 8, 2018 « PrefBlog
James Hymas wrote:The technical wizards at Canada’s leading financial oligarch showed off their prowess again today:
Royal Bank of Canada is once again in the hot seat with investors after its online brokerage platform – RBC Direct Investing – experienced technical difficulties that prevented clients from making trades just as markets were plummeting and the Dow headed towards a loss of more than 1,000 points.

RBC clients took to social media this afternoon to express their frustration with the rolling outages the bank has recently been experiencing since early January.

Thursday’s outage appeared to spike at 1 p.m. (ET) and remained through the market close.

“Our initial investigation indicates that this is related to a fibre optic cable, not to volumes. We have implemented a temporary solution and clients can now place orders online,” an RBC spokesperson said in an email to the Globe and Mail.
Regrettably, the journalist did not ask any questions about redundancy and fail-overs; but let us simply be grateful the regulators have placed the entire industry, just about, in such reliable and competent hands.
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Re: RBC DIRECT INVESTING

Post by Shakespeare » 10 Feb 2018 10:07

“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

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Re: RBC DIRECT INVESTING

Post by twa2w » 10 Feb 2018 13:43

Looks like most of the online brokerages have had issues recently.. Perhaps not quite as bad as RBC. I know both TD and BMO have had issues.

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