How to Sell RBF2010 HISA Fund Units and Immediately Buy a Stock or ETF at RBC Direct Investing

UPDATE: This article is historical, from 2014. I no longer invest with RBC Direct Investing.

Sometimes you decide suddenly to buy more units in an ETF or shares in a company. Perhaps the market had a stomach-twisting drop and you want to catch the low immediately. Maybe you’d been meaning to pick up a stock and realize it will go ex-dividend in a day or two. Either way, you may find your cash is sitting in your investment savings account fund not in your portfolio’s cash account. Here’s how you can sell some of your RBF2010 HISA fund units immediately so that you can buy some stock or ETF units that same day in your RBC Direct Investing account. Continue reading