This morning, we had the scare of our lives when my eldest, Jacob (who is 3 years old), from what I can deduce; woke up out of bed around 5:30'ish this morning, put his boots on and unlocked the door, went out to our car, come back inside, took his boots off, and came into my bed and went to sleep... This may seem quite trivial in text, but the scare of my life was realized this morning. We're headed to buy some chain-locks for the doors and install them far, far, out of reach. ...Anyways.
I've done some more learning about the eServices service from TD, and just how it works. I always through money was an instantaneous thing, like making transfers from account to account. When buying index mutual funds, this is -not- the case. I'm still not 100% sure of how long it takes, but this is a general idea.
For information of my assumptions; TD Waterhouse HQ is located in Ontario, and follows their timezones.
I put some money into my Tax Free Savings Account, and planned to purchase some Index Mutual Funds on Friday, directly after work (3:00 PM MST.) I'm assuming that by the time I put the money into my account, got home to do the business of buying the stuff, and process everything, the TD Waterhouse eServices Discount Web Broker must've already finished its buys/sales for the day, or order processing.
It wasn't until Wednesday that these transactions I'd made on Friday, showed up. The order status goes from;
- Order Status: Open. [I'm assuming this is to request a purchase.]
- Order Status: Filled. [I'll also assume that this means that they've checked your account, you have enough funds, and they've bought what you've asked for.]
- Order Status: Closed. [And finally it's to assume that this is the transfer of everything in to your possession.]
That was fun! ...! ...
So, in total, I've bought three whole units. TDB909, TDB902, and TDB 900
| Action | Name | Qty | Price | Book Value |
Market Value |
Gain/Loss $ |
Gain/Loss % |
% of Account |
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| Buy|Sell |
TD CDN INDX -E /NL'FRACTDB900
|
4.876 | $20.72* | $100.00 | $101.03 | +$1.03 | +1.03% | 32.4% | |||||||||||||||||||||||||||
| Buy|Sell | 8.716 | $11.60* | $100.23 | $101.11 | +$0.88 | +0.88% | 32.4% | ||||||||||||||||||||||||||||
| Buy|Sell | 10.661 | $9.53* | $100.00 | $101.60 | +$1.60 | +1.60% | 32.6% | ||||||||||||||||||||||||||||
This is what my statement looks like right now. ^^; Very happy, considering I've made a whopping $3.74 in two weeks! My portfolio diversification will look larger shortly, when next pay-period I will be able to purchase the final index mutual fund in my portfolio (TDB902).
My next post, I'm going to take a look at the TD Website that manages assets. TD Asset Management looks like a legit TD website. Here, you can look up what you want to buy, and take a look at some of the more involved details. I'll copy/paste some of TDB952. I'll try and explain what I can right now, and what I can't, I'll look at in a little while. Maybe next post? Anyways..
| Fund Codes: | TDB952 [ This doesn't need explaining. It's just the name of your fund. ] |
| Minimum non-RSP Investment: | $ 100.00 [ I already know this one! This is just the minimum amount of dollars able to be invested. ] |
| Minimum RSP Investment: | $ 100.00 [ As above. ] |
| Minimum Subsequent Investment: | $ 100.00 [ Subsequent means (Continuing After First). Still a minimum of $100.00! ] |
| Early Redemption: | Up to 2.00% of purchase cost if redeemed within 30 days of purchase. [ My advice? Don't ever do this. This is a penalization that you will pay for, to feed your greediness. Flat out penalty for early withdraws. ] |
| MER: [ * ] | 0.35% MER as of June 30, 2012 [ MER means "Management Expense Ratio." This is how much money it costs to own this fund. When MER is deducted, I'm not sure. I will definitely look into this. ] |
| Sector Class: | U.S. Equity [ Classification of what this index fund focuses on. I.E. Equities, Bonds, Real Estate, etc. ] |
| Inception Date: | Nov. 26, 1999 [ Creation Date. ] |
| Assets: [ * ] | $ 462.61 million as of Feb. 28, 2013. [ I don't know what this means, or how it is relevant to return rates. This is another I'll look into. ] |
| Minimum PPP Amount: [ * ] | $25.00 [ Not sure what this is, or what PPP even is. Maybe it's a cheaper way to invest in this option? ...I doubt it. ] |
The TD Asset website has lots of other neat features. Like tracking the history of a specific fund. For the TDB952 (In the above table) the same information came from the same site. Lots of graphs, historic information, manager information, and facts about the current fund.
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| TDB952. Performance from 2003 ~ 2013. |
I know that with the TD eSeries Index Mutual Funds there is an option, while purchasing, that will allow you to allocate your dividends either BACK INTO your fund, or NOT. While you can do as you please, I think the whole purpose of investing this money is so that our dividends reinvest themselves, allowing the interest to compound. On other websites, or other places, reinvesting your interest is called, "DRIP." DRIP stands for, "Dividend ReInvestment Program." So, whether you're purchasing through TD eSeries, or elsewhere, it's in your best interest to make use of DRIP plans, because that's what'll make the big dollars!
Good luck making lots of money! Take a look around the TD Asset Management website. There's a lot of information there on the eSeries mutual funds! I mean, some really groovy stuff! I'll also try and work on getting a table set up for the side of the website with all of my information. Lots to do, I know...
