RBF2010 for awaiting investment opportunity?
Hi there, I've got some cash just literally sitting as cash in my RBC direct investing account while I watch/hope for a price on a few stocks. I've heard of "RBF2010" as essentially a savings account that can be held in a direct investing account, just set up to look like a money market fund so it can be traded easily on the direct investing software.
Do I understand this correctly? And if so, is this a wise choice in anyone's opinion??
Do I understand this correctly? And if so, is this a wise choice in anyone's opinion??