what's the best way to handle the cash in the investment account?
I buy stock/etf, and keep them for long time. I do not need keep cash in the investment account (questrade).
Suppose I want to buy 1000 stock AAA, and the it's market price is $10. I usually transfer $11,000 from my bank account to questrade since the market price changed quickly, and transfer takes 1-2 business days.
After I bought 1000 AAA, I transfer the rest money back to my bank account. (keep the cash in questrade ZERO)
BUT I cannot use this way for my RRSP account. So my RRSP account always has cash left, stay there and no interest. it's not lots of money (usually several hundreds), but I want to know what's the best way to handle these cash? Is there any way to earn interest?
Suppose I want to buy 1000 stock AAA, and the it's market price is $10. I usually transfer $11,000 from my bank account to questrade since the market price changed quickly, and transfer takes 1-2 business days.
After I bought 1000 AAA, I transfer the rest money back to my bank account. (keep the cash in questrade ZERO)
BUT I cannot use this way for my RRSP account. So my RRSP account always has cash left, stay there and no interest. it's not lots of money (usually several hundreds), but I want to know what's the best way to handle these cash? Is there any way to earn interest?
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