If you haven’t already read it, this is my Step-by-Step Guide to Applying for & Getting a TD E-Series Account.
What do I do after my account is open?
From now on, you will need to do it all by yourself, and online with TD EasyWeb.
To buy TD E-Series Mutual Funds, I suggest transferring all of your money into your TD Chequing account to have the funds first, and then buying the TD E-Series Money Market Fund with the full balance you want to invest.
The TD E-Series Money Market Fund is just a way to get the money into that account so you can easily buy the funds.
After you buy your TD E-Series Money Market Funds, you can sell / transfer the money there and buy the actual funds you want.
Alternatively, if you want to skip the Money Market Fund funding step, you can just buy the actual funds you want directly!
1. LOG INTO TD EASYWEB ONLINE
2. FUND YOUR TD CHEQUING OR SAVINGS ACCOUNT WITH MONEY
Put in however much you want to invest into TD E-Series so that you have the money.
Alternatively, if they want to do the initial funding for you, tell them to debit the entire amount you want to invest, and put it all into the TD E-Series Money Market Fund.
Then at your leisure at home, you can decide where to allocate the money on your own time rather than wasting time in their office if you don’t already know what you want to buy.
WHY THE TD E-SERIES MONEY MARKET FUND?
It is because you will not pay any penalty fees for early withdrawal.
If you put the money into any other fund, and you try to transfer the funds to another E-series fund before 90 days are up, you’ll get dinged with a fee.
3. BUYING TD E-SERIES FUNDS WITH TD CHEQUING
If you have the money sitting in your Chequing or Savings account, simply click on the TD E-Series Account you want to purchase the funds in:
Then click on Purchase Funds (Money Market or Otherwise) in the left-hand menu corner:
Next select whatever fund you want to buy and click on Purchase New Funds
Review & purchase the funds you want to buy (Money Market or Otherwise) by entering the amount and clicking Next:
4. BUYING TD E-SERIES FUNDS BY TRANSFERRING MONEY MARKET FUNDS INSTEAD
If you already have the money funded into TD E-Series Money Market, then you should see something like this with all of your money in TD E-Series.
You then need to click on SWITCH MUTUAL FUNDS
You can use the menu to the left as well and click on Switch Mutual Funds
Then follow the same steps as above and select your existing funds in Money Market, and buy the actual E-Series funds you want:
Confirm and review your purchase:
And you’re done!
NOW WHAT E-SERIES FUNDS DO I BUY?
This is my actual investment portfolio and this is how you look for and find an index fund to invest in.
An example portfolio for my age range (early 30s), risk personality is:
- 60% U.S. (TD U.S. Index – e)
- 20% Canadian (TD Canadian Index – e)
- 20% International (TD International Index Currency Neutral)
- 0% Bonds (TD Canadian Bond Index – e)
WHAT ACCOUNT DO I OPEN TO HOLD MY MONEY?
- Where to hold your money for maximum tax efficiency (TFSA, RRSP or Margin)
- How to get started in investing
I NEED MORE HELP!
I’m available for consultations. My rates are here.