The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: GrooveStomp on September 30, 2014, 10:25:45 AM

Title: ETF Minimum Subsequent Investment Clarification
Post by: GrooveStomp on September 30, 2014, 10:25:45 AM

I'm following the Canadian Couch Potato Global Couch Potato model portfolio (http://canadiancouchpotato.com/model-portfolios/).
If you follow some of the links (for example, TDB900 (https://www.tdassetmanagement.com/fundDetails.form?fundId=3261&lang=en)) then you can see under Fund Details on the righthand side a heading labelled Minimum Subsequent Investement.

Originally I thought this was something like a minimum monthly contribution, but I haven't been contributing monthly and haven't noticed any kind of penalty, so I don't think that's it.
I'm now inclined to think it's literally: Any subsequent investment, regardless of frequency, must be at least this much.

Can someone here elucidate me?

Thanks!

Title: Re: ETF Minimum Subsequent Investment Clarification
Post by: RichMoose on October 01, 2014, 09:59:52 PM

Basically you can't purchase less than $100 worth at any time, unless you have a automatic purchase plan set uo with them. There is no requirement regarding investment frequency. Just be aware of annual account fees for low account values.

Title: Re: ETF Minimum Subsequent Investment Clarification
Post by: GrooveStomp on October 02, 2014, 11:49:09 AM

Perfect. Thank you very much, TuxedoEagle. :-)