Guess what’s in this picture.
I’ll give you a hint. It’s not a board for either of the old games Bridge-It or Chinese Checkers. It’s also not your skin after seeing an allergy doctor. Another good guess would be an overhead shot of one of those man-made forests with trees all planted in a grid, but that’s not it either.
It’s a pie chart of my asset allocation in an RBC RRSP. This account holds less than a dollar and it’s apparently 100% cash. I got a 5-page statement of my account. My wife got a similar statement for her pennies.
Way back when banks used to pay interest on cash balances, my wife and I cleaned out these accounts, but there was a small rounding error due to interest payments. Now we get yearly statements along with a newsletter containing RBC’s market outlook. I sure hope things pick up soon. My returns for nearly 20 years have been zero.
I keep thinking that one of these decades RBC will contact us about closing these accounts. More likely they’ll switch me to eStatements. At least then we’d kill fewer trees.