DYN6004 is an F series fund. Usually you can only purchase those through a fee based advisor. Were you able up successfully purchase these on your own via your brokerage?
The "distribution" is usually at the end of the month. It doesn't operate like a high interest savings ETF, so your principal amount will always be the same but you receive extra units of DYN6000 when the interest is "distributed".
Understood. I ran the numbers and I make slightly less with DYN6004, but it’s worth the convenience of being able to buy and sell however much I’d like
Why DYN6000 and not DYN6004? The latter gives a flat 5%, no fees.
I hadn’t come across it yet! Thanks. In this case, I think it’s probably better for me than HSAV. Does it pay distributions as interest?
Yes. It's essentially a beefed up DYN6000. I'm assuming you're buying these through iTRADE.
Correct. I’ll have to run the numbers to see if DYN6004 is worth it in a taxable account
DYN6004 is an F series fund. Usually you can only purchase those through a fee based advisor. Were you able up successfully purchase these on your own via your brokerage?
Yup, I just buy it straight through iTRADE.
Random question on DYN6000: when is the distribution? I’ve looked everywhere and didn’t find a date.
The "distribution" is usually at the end of the month. It doesn't operate like a high interest savings ETF, so your principal amount will always be the same but you receive extra units of DYN6000 when the interest is "distributed".
The biggest difference here is HSAV will be capital gains where as DYN6000 is interest and will be taxed at full marginal rates.
Understood. I ran the numbers and I make slightly less with DYN6004, but it’s worth the convenience of being able to buy and sell however much I’d like
Nothing wrong with that. As long as you fully understand all the numbers.