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..

Learn About and Invest in RBC Mutual Funds

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 section below).

Monitor your portfolio. Once you've chosen a mutual fund, you can follow the progress of your portfolio online. The Royal Bank of Canada has highly detailed, user-friendly graphs and analyses on their Web site.

Continuously update. As your investment goals change, so should your portfolio. A Royal Bank representative will work with you to annually adjust your investments to reflect your objectives.

Review the basics of investing by visiting a financial Web site such as The Investment FAQ (see Resources below).

Tips & Warnings

• Invest in a registered RSP (retirement savings plan) for a long-term investment. All money invested in a registered RSP is tax-deferred until withdrawn.
• Invest in a non-registered RSP if you plan on short-term investing. You'll be able to withdraw money from your account without tax penalties.
• Invest sensibly. Mutual funds fluctuate with the market.
• You must live in Canada to invest with the Royal Bank of Canada.
• RBC requires your signature in their files. If you've never had an account with RBC, you cannot open an investment account online. However, you can download an application from their Web site and mail it to them, or open an account at any RBC branch.