How DRIP on MSTE Will Boost My RRSP Passive Income | No More $9.99 Fees
Автор: Better Call Paul
Загружено: 2026-03-10
Просмотров: 2456
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🚨 This One Small Change Could Make a BIG Difference in My RRSP…
In this video, I break down a simple change that could significantly increase the compounding power of my RRSP portfolio.
Recently, Royal Bank of Canada (RBC) enabled the DRIP (Dividend Reinvestment Plan) option for Harvest MicroStrategy Enhanced High Income Shares ETF (MSTE) in my account. That means my monthly distributions can now be automatically reinvested into more shares — without paying the $9.99 trading commission every time.
It might sound small, but this change can have a huge long-term impact. Avoiding fees and reinvesting income automatically is one of the easiest ways to accelerate compounding and grow passive income inside a tax-sheltered RRSP.
In this video I cover:
✅ Why this DRIP update is a game changer for my RRSP strategy
✅ How automatic reinvestment helps compound my income faster
✅ The impact of avoiding trading commissions over time
✅ Why I’m continuing to build my position in MSTE
✅ Why small structural improvements can make a big difference to long-term income investing
If you’re investing for passive income, dividends, or covered call ETF cash flow, this small feature could make a big difference in your long-term results.
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💬 Comment below:
Do you use DRIP in your RRSP or TFSA?
⚠️ Not financial advice. For education and transparency only.
Disclaimer: I am not a financial advisor, this is not financial advise. I am sharing my journey to financial freedom for entertainment purposes only. Do your own research and due diligence before you invest in any stock/ETF, there is always a risk of losing your money. Consult a financial planner if necessary.
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