How Do You Invest In Royal Bank Of Canada Mutual Funds?
The Royal Bank of Canada (RBC) offers a wide assortment of mutual funds for investors who live in Canada. To put your money in the fund, follow these steps.. Determine your objectives. Investing in retirement is different than investing in a BMW. A clear financial objective will help you choose an appropriate RBC mutual fund. Assess your risk factor. The Royal Bank of Canada offers various mutual funds, ranging from very conservative to very aggressive. Determine how much money to invest. The minimum investment for the Royal Bank of Canada is $500. However, this is subject to change from fund to fund. Consider your financial comfort. Early withdrawal from some investment accounts (such as a registered retirement savings plan) can cost you hundreds in taxes and fees. Contact the Royal Bank of Canada. After you complete Steps 1 to 4, you’re ready to open an investment account. Register an account at any Royal Bank, via telephone or at the RBC Asset Management Web site (see the Resources
