TD has several series for
the Canadian Money Market fund.
For example, as of this writing, the TD
Canadian Money Market Fund sports an yield of 0.41 percent which is much less than the typical 1.0 percent paid by discount broker HISAs.
The PPP can be set up for purchasing $ 100 of the TD
Canadian Money Market fund for each of the two accounts.
For instance, the TD
Canadian Money Market Fund (TDB164) has a current yield of 0.11 %.
For example, as of this writing, the TD
Canadian Money Market Fund sports an yield of 0.41 percent which is much less than the typical 1.0 percent paid by discount broker HISAs.
Not exact matches
Just for fun, I've included a numerical example here using 2011 year - to - date numbers for a
money market fund, a bond ETF and three equity ETFs representing
Canadian, U.S. and international stocks.
Cash, eligible
Canadian and U.S. equities, mutual
funds, bonds,
money market instruments, foreign investments and some options can all be held in your self - directed RSP / RIF portfolio.
You can invest in many types of securities in your HSBC InvestDirect account, including
Canadian and U.S. equities and options, mutual
funds, bonds,
money market instruments and foreign equities.
Many
Canadians invest in actively managed mutual
funds with the hope that the
fund managers responsible for their
money will outperform
market benchmarks.
Canada is not only tiny (4 % of the global
markets), but also highly concentrated: an investor in a broad
Canadian index
fund has more than three - quarters of his
money in financials, energy and materials.
In fact, he is 100 % invested in equities, and all his TFSA
money is in low - cost exchange - traded
funds (ETFs) that invest in
Canadian, American, international and emerging
market equities.
I park the initial contribution and the CESG in a
money market fund, which I then liquidate and buy four
funds according to my asset allocation target (TD
Canadian Bond Index eFund: 20 %, TD
Canadian Index eFund: 20 %, TD US Index eFund: 35 %, TD International Index eFund: 25 %).
His Multinational Growth
fund (where he put all his
money) and his Micro-Cap
fund both made me huge gains above the
market, and the
Canadian Equity and Income Trusts
funds also out - performed.
Funds assigned to the Canadian Money Market category must be designated as Money Market funds in accordance with National Instrument 81 - 102 and maintain a minimum weighting of 95 % in Canadian dollar - denominated investm
Funds assigned to the
Canadian Money Market category must be designated as
Money Market funds in accordance with National Instrument 81 - 102 and maintain a minimum weighting of 95 % in Canadian dollar - denominated investm
funds in accordance with National Instrument 81 - 102 and maintain a minimum weighting of 95 % in
Canadian dollar - denominated investments.
Randall also previously worked at an exchange traded
fund manager managing fixed income, structured index and
money market portfolios as well as being part of the team that introduced innovative products to the
Canadian marketplace, including the country's first fixed income exchange - traded
funds.
You could start out with half your
money in a
Canadian bond
fund and half in a
Canadian equity
fund (you may eventually need a
money market fund, too).
Also
Canadian corporate bonds may depreciate further in value.High Interest Bank Account instead of a
money market fund seems like a pretty good idea if the yields are higher.
The Mutual
Fund Industry is thriving with the
market nearing 750 billion dollars worth of hard earned
Canadian money.
Amongst all of the extraordinary amount of
funds available in the
Canadian market and with a large amount of big and small niche
market money managers administering a big chunk of Canada's capital
markets.
1) Instantly Vested 2) Matched 100 % to 6 % of your salary 3) Have «Investment Management Fees» of 0.9 % (I can't seem to find if this is the total fees, or if it's on top of other fees) 4) Offer a very small selection of 5
funds (
Money Market, Bonds, Balanced,
Canadian Equity, and Global Equity).
Emerging
market equities represent less than 1 % of the
money held in
Canadian mutual
funds.
As for now, I would hold high quality US stocks that pay dividends, US
money market funds, and
Canadian and Australian short term bond
funds.
Millions of dollars are spent and made on selling and
marketing investment products like mutual
funds, but most of these activities aren't the least bit helpful to the average
Canadian who is slipping behind financially and stressed about
money.
«If needed, the amount that
Canadians have tucked away in chequing and savings accounts,
money market funds, and cash holdings over the last three years alone could be redeployed to service up to a four percentage point increase in the debt service burden in Canada,» says RBC Economics.