... I don't disagree but then that's an opportunity cost in the event of a market crash ... lol.... I don't see any point in having CAD ISA (or cash) sitting in a brokerage account.
Yeah, I also use TDB8150 as all my investments are at TDDI. TDB8150 actually pays 0.60%, but I'm not fussed about the rate, I just want it to be maximum convenience. I usually keep a few years expenses there all the time, and when it gets too high, I invest it in whatever my allocation demands. I use to play the HISA game, but I'm long finished with that once I decided convenience was more important than a few dollars.We use TDB8150 in a couple of accounts to store spare cash. It pays 0.45%. We use it for the convenience, not the return.
Can you explain what that is?I don't keep cash in non-reg brokerage accounts ... prefer a debit balance.
It was 0.45% until very recently. I didn't notice the change until LTR pointed it out.TDB8150 still only shows 0.60%
... no doubt, in order to keep up with inflation for them multi-million dollars bonuses. Not for the minions of course.I am not going to blame the banks for being stingy on the deposit front given the socialists have decided profitable banks and insurance companies are not good for Canada (and for shareholders, mutual fund holders, ETF holders, pension funds, etc.). The banks need to claw their increased tax burden somehow.
Leverage debt in a margin account … a modest negative cash balance to absorb incoming dividend income and cash flow… it is both more profitable and more tax-efficient than having a pile of cash laying around in the account … then as the debit balance dwindles to near nothing, buy something new to bring it back up again … this is during accumulation stage of course … a different approach may become necessary when we switch to removing money rather than adding it.like_to_retire said:Can you explain what that is?
Yup, and I think that's a reasonable rate now. Hopefully the USD rate increases soon as well.TDB8150 is 0.75% since yesterday, you guys need to keep up!
![]()