Personal Finance

RBF2010 for awaiting investment opportunity?

  • Last Updated:
  • May 13th, 2013 10:13 pm
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Oct 29, 2012
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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??
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