e-series redemption question
Hello,
I tried doing a search, but not finding what i'm looking for..so here it goes.
On the TD site, it notes:
"** An early redemption fee may apply if this Fund is redeemed or transferred within 30 days of purchase. (90 days for certain e-Series units). Please see the Fund’s Prospectus for details."
Just want to know how the 90 days is calculated.
Is it - 90 days from the last purchase?
Probably easier if I provide an example
Jan 1 2010..purchased 10,000
Feb 1 2010..purchased 20,000
I want to sell 10,000. When can I do it without facing the penalty. Apr 1, 2010 or May 1, 2010. ?? Would TD consider the 10K i'm trying to sell..is from the first purchase or the 2nd purchase?
I'm just concerned because I have auto deposit bi-weekly into the account. I want to make sure that whenever I need to sell..I don't have stop the auto-deposit and then wait for another 90 days before I can touch the money.
thx!
I tried doing a search, but not finding what i'm looking for..so here it goes.
On the TD site, it notes:
"** An early redemption fee may apply if this Fund is redeemed or transferred within 30 days of purchase. (90 days for certain e-Series units). Please see the Fund’s Prospectus for details."
Just want to know how the 90 days is calculated.
Is it - 90 days from the last purchase?
Probably easier if I provide an example
Jan 1 2010..purchased 10,000
Feb 1 2010..purchased 20,000
I want to sell 10,000. When can I do it without facing the penalty. Apr 1, 2010 or May 1, 2010. ?? Would TD consider the 10K i'm trying to sell..is from the first purchase or the 2nd purchase?
I'm just concerned because I have auto deposit bi-weekly into the account. I want to make sure that whenever I need to sell..I don't have stop the auto-deposit and then wait for another 90 days before I can touch the money.
thx!