What is RBC Direct Investing? The Royal Bank of Canada (RBC) was one of the first banks in the country to pioneer DIY investing for the everyday investor. With RBC Direct Investing, you can trade Canadian and US stocks, ETFs, mutual funds and bonds. You can fund and manage your registered investment accounts (TFSA, RRSP, RRIF, RESP and more) and access a variety of investing tools to help you make informed decisions. If you already have an account with RBC, then opening an RBC Direct Investin...| Million Dollar Journey
After writing a deep dive article on whether the 4% safe withdrawal rate still works for retirement at various ages, I received a lot of questions basically asking: “Ok, so 4% is a good rule of thumb, but when I actually go to withdraw money from my various investment accounts, to put into my chequing account & high interest savings account in order to pay for day-to-day expenses, what is the best way to avoid taxes?” Upon reading many of these types of questions, I realized that I wasn...| Million Dollar Journey
Now that we’re trading the dog days of summer, for the cool crisp autumn air, Canada’s robo advisors are rolling out some very tempting seasonal promos for Canadian investors. Justwealth is leading the pack with a cash bonus of up to $500 for new accounts – the best robo advisor offer we’ve seen yet! Even with more Canadians waking up to the high fees and lacklustre results of the big bank mutual fund model, too much of our investment money is still stuck in those traditional fee-suck...| Million Dollar Journey
