r/CanadianInvestor

I recently set up DRIP on my TD Direct Investing account and I’m trying to understand how long the reinvestment process normally takes.

Some of my dividends have already been reinvested through DRIP, but I have another dividend from VFV (Vanguard S&P 500 Index ETF) that has been sitting in my account as cash for 2 business days without being reinvested.

For those of you using TD Direct Investing:

* How long does your DRIP usually take after the dividend is credited?
* Is it normal for the dividend to sit as cash for several business days?
* Specifically, how long have you seen **VFV** take to reinvest?
* Does TD handle some ETFs differently (e.g. market DRIP vs. treasury DRIP)?

I was told by TD that VFV may be handled differently from some other ETFs, so I’m curious about other people’s actual experience.

Thanks!

Likely going to one of these two over the next couple weeks (3%/1% matches), but I am wondering about GUI/user experience. I know you need to call TD to set up DRIP, but at RBC it looks like you can do it yourself. Both refund transfer fees with proof given to them. I'd consolidate assets into those that are commission-free on either platform (X/VEQT with slightly more US & international exposure through whichever is no-fee), so my question is this:

For folks who have used both apps/services, which GUI is cleaner/better/easier? I am not at all a technopeasant, but for my own NW tracking, it's just nicer not to look at spaghetti code strung together with some crappy Grok prompt.

Your daily after hours investment discussion thread.

Does anyone have any thoughts on SMAs? Our advisors is not pushing but has presented SMAs as something we might be interested in. We are a teaching couple about 7 years from retirement. Good savings.
I guess just looking for your personal experiences.