Dec 232013
 

I recently posted an article introducing the TD e-Series mutual funds and how to open up an account. These are easy to understand, low cost funds that are simple and easy to manage with no trading commission. In today’s post I’ll go over how to buy and sell these funds, and explain some creative strategies for using them 🙂

For today’s example we’ll invest $500 into the e-Series fund TD European Index – e, which aims to track the MSCI Europe Index. It has an MER of 0.51% and holds about 600 companies including large multinationals like Royal Dutch Shell, HSBC, Roche Holding, and Nestle SA. Mmmm, chocolate (^_^)

I detailed 2 methods on how to set up an e-Series account in the previous post. Depending on which of those method you used the trading procedure will be slightly different.

Using TD e-Series Accounts:

If you have your e-Series account set up with TD Canada Trust you can use the following steps.

  • Step 1: Log in to EasyWeb and click on the subtab “Investments” near the top. Then click on “Purchase Mutual Funds” on the left.
  • Step 2: Under the Fund Category drop down menu select “Global Equity” since that’s where we’ll find our European fund 🙂
  • Step 3: Under the Fund drop down menu select “TD European Index -e**
  • Step 4: Enter how much you want to buy in $. Mutual funds can be purchased in fractional units. Click the “Next” button and then “Finish” when done. The money will automatically come out of your TD bank account and into the e-Series mutual fund account. Note that the minimum purchase amount is 100$. But you can set up a pre-authorised monthly purchase plan for as low as $25.
  • Step 5: Check your mutual fund account the following day and you will see your newly purchased units 🙂 To sell your e-Series funds, simply click on “Redeem Mutual Funds,” and follow the website’s instructions.

13-12-tdeseries-op1j using TD e-Series

If you have a TD Waterhouse/Direct Investing account, then just log in to WebBroker, and make the purchase the same way you would for any other mutual fund.
Step 1: On the left hand side of the website interface select “Mutual Funds” under the “Order Entry” menu.
Step 2: Enter the fund symbol (eg: TDB906 in today’s example) and the amount you would like to buy.

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