Tag Archives: RBC

#goldmansachs Falls behind #RBC

Falls behind

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#goldmansachs Falls behind #RBC

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

#RBC in #Canada getting hit by bad loans to #Oil. Companies

in getting hit by bad loans to #Oil. Companies

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/02/RBC-in-Canada-getting-hit-by-bad-loans-to-Oil.-Companies.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/02/RBC-in-Canada-getting-hit-by-bad-loans-to-Oil.-Companies.jpg” size=”large”]
#RBC in #Canada getting hit by bad loans to #Oil. Companies

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Notes on RBC Direct Investing for a Canadian

Notes on RBC Direct Investing for a Canadian

Some notes I made on talking with a rep, expensive but good

RBC Direct Protection 100k in GIC , liable for any loss

ETF or other asset no coverage. If account is hacked, it not maybe protected. No level of protection but depends on investigation. Worst invalid trades if hacked, there is no protection.

But can only transfer out through bank account on profile.

Quotes and Research

Enter symbol name Fund family -> Fund category

No requirements for ETFs same as stock

No Indexes

Options only for underlying stocks

Forex and Commodities only through ETFs

Dominion Securities and RBC Global Asset Management (need $250K for Dominion)

$9.995 for buy and sell volume not affected

Charts limited

For activity for trading ove 30 transactions / quarter,  you will get streaming live quotes. RBC is real time. It is a trading dashboard but delayed by 3 seconds. RBC Direct Community.

Fund transfer -> My portfolio->Transfer Funds->

Make US to CDN to

Conversion will not cost fee but there is an extra spread on the spot rate. Never more than 3% surcharge.

TSFA for trade. $31k remaining for with 10K. TSFA upper limit is $5k/year since 2009. TSFA withdrawal can be invested the following. 2 year withdrawal and can be contributed the following.

$30K with a 70K profit tax free in a 1 year. All withdrawals can be tax free. <– THAT IS AWESOME FOR WORKING CANADIAN SCHMUCKS! Note my confirmation below!

Contribution cannot be 41K since 2009 or 5k per year.

1% per month on the over-contribution of $5k/month in penalty.

TSFA can be created thru branch or online. My home->Open New account

Cannot claim the loss from trading.

Transfer withdrawal to bank account 24 hours.

No interest on cash amounts.

$9.95 per trade  x2 for both buy and sell

 

AMAZING UPDATE: Right from the Canadian Revenue Agency on TSFA Withdrawals:

www.cra-arc.gc.ca › … › TFSA › Contributions, withdrawals and transfers

Mar 25, 2015 – You can withdraw from your Tax-Free Savings Account (TFSA) at any time and for any reason, with no tax consequences.

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Why would conservative Canadian RBC patent an anti router to fight high frequency trading aka HFT?

Why would conservative Canadian RBC patent an anti router to fight high frequency trading aka HFT?

Of course it takes an ultra conservative Canadian bank to implement this. But then again, I am quite surprised a Canadian bank actually knows what HFT is.

RBC seeks patent for THOR technology built to battle high frequency traders

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!