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Navigators: Introducing the New FHSA, Plus a New Way to Trade
Written by The Inspired Investor Team | Published on May 16, 2023
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From the launch of a brand-new account to the availability of online trading outside of regular hours, there's been a lot going on here at RBC Direct Investing to help make your trading and investing experience the best it can be.
Let's dig into some of the recent updates available to you.
NEW!
Trade Online Outside of Regular Hours
Most traders are very aware of typical daytime trading hours – the ones that fall between market open at 9:30 a.m. and market close at 4 p.m. Eastern time on weekdays. But some investors choose to trade outside of regular hours, during what's known as pre-market and after-hours sessions. Here at RBC Direct Investing, clients can now place trades online outside of regular hours – meaning you no longer have to call in.
Word to the wise: Trading outside of regular hours does come with greater risk. Check out What to Know About Pre-Market and After-Hours Trading to learn about those risks and how to place pre-market and/or after-hours trades.
Tax-Free Account for First-Time Homebuyers Arrives
Housing prices have been a hot topic of conversation for years now – and that doesn't appear to be changing anytime soon. Some talk has shifted recently, though, to a new way to save for a home. That's thanks to the launch of the First Home Savings Account, or FHSA. It's a new registered account aimed at first-time homebuyers and combines some of the best tax advantages of a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP). It's now available at RBC Direct Investing. Find out more about it in 9 Questions Answered About the New First Home Savings Account – or start here if you're ready to open one. (RBC Direct Investing clients can also log in and choose "open a new account" under your profile icon.)
DID YOU KNOW?
The What's New page has now launched, giving you a place to easily stay up to date on the newest trading and investing tools to support your investing decisions. Found under the Explore tab online, check in often to learn about the latest features, enhancements and resources.
PLUS: Check out the new Help page, redesigned to surface what investors like you are looking for. Easily navigate popular help topics and questions to find answers quickly.
COMING SOON
You told us you want to know how much income your portfolio generates. We heard you! Keep an eye out for a new income projection tool that projects your annual dividend and interest income from your stocks, exchange-traded funds (ETFs) and mutual funds. In the weeks ahead, you'll hear more about the new tool that can help you anticipate cash flow.
AND...
Keep an eye out for a new, streamlined layout when you search for a symbol or keyword on the RBC Direct Investing site. New tabs for securities and articles will make it easier to find what you need, as will an easier-to-access filter function. Watch for the updates soon.
IN CASE YOU MISSED IT
Each month, you'll now find a list of key dates, deadlines and announcements relevant to investors. Think housing data releases, jobs numbers, Bank of Canada announcements and more. Look for Key Dates for Investors each month in Inspired Investor Trade.
For previous highlights, check out Best of Navigators.
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© Royal Bank of Canada 2023.
Any information, opinions or views provided in this document, including hyperlinks to the RBC Direct Investing Inc. website or the websites of its affiliates or third parties, are for your general information only, and are not intended to provide legal, investment, financial, accounting, tax or other professional advice. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Direct Investing Inc. or its affiliates. You should consult with your advisor before taking any action based upon the information contained in this document.
Furthermore, the products, services and securities referred to in this publication are only available in Canada and other jurisdictions where they may be legally offered for sale. If you are not currently a resident of Canada, you should not access the information available on the RBC Direct Investing Inc. website.
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