Q: Hi Team,
I heard about TD INVESTMENT SAVINGS ACCOUNT TDB8150 from a friend. TD Direct Investing says it is a no-load mutual fund, $10 per unit, currently paying 1.35%, and is RRSP eligible. (CIBC Investors Edge calls it a front load fund.) At TD it appears you can buy and sell at will with no commissions. Does this look like a reasonable place to park short-term cash in an investment account without risk of loss in principle?
Many thanks, Michael
I heard about TD INVESTMENT SAVINGS ACCOUNT TDB8150 from a friend. TD Direct Investing says it is a no-load mutual fund, $10 per unit, currently paying 1.35%, and is RRSP eligible. (CIBC Investors Edge calls it a front load fund.) At TD it appears you can buy and sell at will with no commissions. Does this look like a reasonable place to park short-term cash in an investment account without risk of loss in principle?
Many thanks, Michael