TD Direct Investing Monthly question
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Thread: TD Direct Investing Monthly question

  1. #1
    Junior Member
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    TD Direct Investing Monthly question

    Good Day,

    Just a quick question maybe some can help me. I am looking to open a direct investing tfsa and investing it in some various stocks. I want to be putting money in on a automatic monthly transfer. Does anyone know if there is anyway to avoid the $9.99 brokerage fee everytime you automatically deposit money ?


  2. #2
    Senior Member Beaver101's Avatar
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    ^ TDDI charges a fee (at $9.99) for depositing money? Are you sure? Or are you talking about trades commissions?
    Everyone should be respected as an individual, but no one idolized.-A. Einstein

  3. #3
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    tddi

    Hi i mean everytime i buy into a stock there charge 9.99 trade commision

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  5. #4
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    Quote Originally Posted by evan1777 View Post
    Hi i mean everytime i buy into a stock there charge 9.99 trade commision
    There's no way to avoid trade commissions, but you can ameliorate the effect by buying TD e-Series index funds that don't charge commission, and then when you have a decent amount you can buy the ETF or stocks with that. If you wait until you have perhaps $50K, then $9.99 is only .02%

    ltr

  6. #5
    Senior Member GreatLaker's Avatar
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    The fee schedule is here: https://www.td.com/ca/document/PDF/forms/521778.pdf

    To minimize trading commissions put your monthly contributions into commission free mutual funds then when you get a few thou built up sell and buy stocks or ETFs. Some TD mutual funds:
    TDB8150 Investment Savings Account (actually an HISA but you buy it like mutual fund units)
    TDB965 Balanced Index Fund
    TDB3085 Monthly Income Fund
    TDB852 Managed Index Balanced Growth

    The latter 3 have $100 minimum purchase and no fee to buy or sell as long as they are held for at least 7 days.

    Another option is to have your monthly contributions put into eSeries index funds.

    Last edited by GreatLaker; 2017-03-08 at 10:03 AM. Reason: Corrected code for monthly income fund to D series
    Eschew obfuscation. Espouse elucidation

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