Maybe take out references to "TD Waterhouse" as well ? Doubt any beginners will know that that is the same as TDDI.
Hell, I've gotten blank looks at TDCT when I call it Waterhouse.
Maybe take out references to "TD Waterhouse" as well ? Doubt any beginners will know that that is the same as TDDI.
IdOp wrote: ↑29 Jan 2018 18:54At TDDI a TDB8150 trade will typically show up in the Orders as filled, and on the Activity page, sometime in the morning of the day after the trade. That would be tomorrow morning if you bought before 3pm ET today. It will probably take another day to be reflected in your holdings. (Not sure if they have real-time holdings.)johnsmith1 wrote: ↑29 Jan 2018 13:01I just bought some tdb8150 so it will show up in my account tomorrow?
The interest will show up in you account at the end of each month. It is reflected as extra units in your account.johnsmith1 wrote: ↑31 Jan 2018 13:32 Yes, it showed up in my account next day. So after 30 days, the interests will be reflected as extra units in my account?
Only if an election was made to re-invest distributions. Otherwise it will be cash in account. If I remember correctly, the default in some brokerages is re-investment, while in others, one has to specifically pick one of the two choices.Arby wrote: ↑31 Jan 2018 14:07The interest will show up in you account at the end of each month. It is reflected as extra units in your account.johnsmith1 wrote: ↑31 Jan 2018 13:32 Yes, it showed up in my account next day. So after 30 days, the interests will be reflected as extra units in my account?
AltaRed wrote: ↑31 Jan 2018 14:47Only if an election was made to re-invest distributions. Otherwise it will be cash in account. If I remember correctly, the default in some brokerages is re-investment, while in others, one has to specifically pick one of the two choices.Arby wrote: ↑31 Jan 2018 14:07The interest will show up in you account at the end of each month. It is reflected as extra units in your account.johnsmith1 wrote: ↑31 Jan 2018 13:32 Yes, it showed up in my account next day. So after 30 days, the interests will be reflected as extra units in my account?
AltaRed wrote: ↑02 Feb 2018 15:02 It is usually at the discretion of the fund manager. Ask them. My guess is no, unless you are dealing in large enough sums that the fund manager cannot efficiently deploy those funds and it disadvantages existing unit holders.
Example: if the fund manager can only make 1% on that specific deposit and the fund has been delivering 1.25% to existing unitholders, why should existing unit holders subsidize the joker who has invested a large sum for a short period.
No. These are savings accounts.johnsmith1 wrote: ↑02 Feb 2018 14:47 Will it incur fees if selling tdb8152(usd)/tdb8150 (cad) less than 30 days? I saw a warning saying there might be 1% fees if mutual funds are sold within 30 days?
https://www.tdassetmanagement.com/docum ... ns%20E.pdf4. Service Charges
The Bank does not currently charge any service or transaction fees for the operation of the TD ISA. The Bank reserves the right to introduce such fees, subject to the notice requirements of section 14 below. The Bank may deduct from your deposits in the TD ISA any taxes, interest or penalties payable in respect of the TD ISA.
I agree, although "TD Direct Investing is a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank", and our TDDI self-directed RRSP contribution receipts are still issued by TD Waterhouse Canada Inc.
Sumaco wrote: ↑02 Feb 2018 15:30No. These are savings accounts.johnsmith1 wrote: ↑02 Feb 2018 14:47 Will it incur fees if selling tdb8152(usd)/tdb8150 (cad) less than 30 days? I saw a warning saying there might be 1% fees if mutual funds are sold within 30 days?https://www.tdassetmanagement.com/docum ... ns%20E.pdf4. Service Charges
The Bank does not currently charge any service or transaction fees for the operation of the TD ISA. The Bank reserves the right to introduce such fees, subject to the notice requirements of section 14 below. The Bank may deduct from your deposits in the TD ISA any taxes, interest or penalties payable in respect of the TD ISA.
Thanks!
FWIW I finally got around to calling TDDI about this recently. The PA rep contacted the bond desk to see what was available, as I was just inquiring and not looking to buy immediately. I was loooking for 3-12 month maturities, rep came back and apologetically informed me they had nothing. Not one US treasury available.
CIBC US MMF CIB483 currently yields 1.62%
Understood , we’ve had this conversation before. Not interested in owning commercial paper on trusts no one has ever heard of, particularly because of the amount involved which is well above the CIB583 threshold. More risk and less return than US treasuries is not for me, I don’t really need the liquidity.
Just to set the record straight: CIB583, the premium version of the US MMF, currently yields 1.67% (MER is 0.14% vs. 0.20% for CIB483) and while some holdings I don't recognize, the first two are household issuers: National Bank (5.5% of holdings) and RBC (4.57%).gsp_ wrote: ↑20 Feb 2018 17:06Understood , we’ve had this conversation before. Not interested in owning commercial paper on trusts no one has ever heard of, particularly because of the amount involved which is well above the CIB583 threshold. More risk and less return than US treasuries is not for me, I don’t really need the liquidity.
The CIB583 webpage managed by CIBC lists the top 9 holdings as trusts I’ve never heard of, other than when we previously discussed this MMF.
We agree, I might not be as careful if an order of magnitude less was in question.To each his own, of course; I view this through my own eyes of having 5 digit amounts in CIB483, with one or more digits I may be tempted to play it safe the way you suggest.
The info on the CIBC webpage is as of Dec 31; many of those holdings matured and were replaced.gsp_ wrote: ↑20 Feb 2018 21:43The CIB583 webpage managed by CIBC lists the top 9 holdings as trusts I’ve never heard of, other than when we previously discussed this MMF.
Too little too late but I just noticed TD finally raised their rates a little. https://www.tdcanadatrust.com/products- ... CTable.jsp