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News Releases

 

How would you invest $100,000? RBC Direct Investing gives Canadians the chance to find out

RBC Direct Investing Practice Accounts can help clients hone their investing skills

TORONTO, July 29, 2009 — RBC Direct Investing today announced the launch of Practice Accounts, the first integrated offering of its kind by a Canadian self-directed brokerage. Available to RBC Online Banking and RBC Direct Investing clients, Practice Accounts will allow Canadians to buy and sell a wide range of investments with $100,000 of no-risk "practice money." The quick and easy activation of a Practice Account provides an opportunity to test-drive RBC Direct Investing's online site and experience real investing without using real money.

"Practice Accounts are a powerful new feature that provides online investors with the opportunity to hone their investing skills so they can make informed and confident decisions," said Jason Storsley, president and CEO, RBC Direct Investing. "Whether you are an experienced investor or just getting started, you can use Practice Accounts to experiment with investing strategies without risking your money."

RBC Online Banking or RBC Direct Investing clients can easily activate a Practice Account in a matter of minutes by following a few quick and easy steps online. The accounts are integrated into the RBC Direct Investing online site, with convenient access to tools and learning resources. With $100,000 in no-risk "practice money", investors will learn how to enter orders, create and track a mock portfolio online and explore investing strategies before putting real money on the line. Investors can choose from a variety of Practice Accounts including RSP, margin and investment cash.

"Self-directed investing doesn't mean you have to do it all on your own," said Storsley. "We want to assist our clients in building investment knowledge to help them achieve their short and long-term goals. That's why we've introduced a Guidance and Planning section which is an ideal place for clients to learn everything from how to achieve specific goals to advanced investing strategies and concepts."

For more information about Practice Accounts visit www.rbcdirectinvesting.com/practice.

About RBC Direct Investing
RBC Direct Investing, one of Canada's leading discount brokers, is a wholly owned subsidiary of Royal Bank of Canada. RBC Direct Investing provides leading-edge tools and resources for investors who prefer to manage all or a portion of their investment portfolio. Clients have access to their investments 24/7 online or by phone and can choose from a broad range of investment products including stocks, bonds, GICs, T-bills and over 2,500 mutual funds. Visit our website at www.rbcdirectinvesting.com.

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Media contact:
Suzanne Willers, RBC, (416) 974-2727
Matt Gierasimczuk, RBC Media Relations, (416) 974-2124

 



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07/29/2009 09:02:38