Search found 8337 matches

by kcowan
21 Feb 2018 15:29
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 40
Views: 1058

Re: Annuities

Rysto wrote:
21 Feb 2018 12:56
cnicole wrote:
17 Feb 2018 16:29
I think she spent her rrsp money on smoking.
Smoking is underrated as a hedge against longevity risk.
I don't know about that. MIL was a lifetime smoker and only died at 93.
by kcowan
21 Feb 2018 15:26
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 93
Views: 3908

Re: Housing Market 2018

I am both surprised and shocked that such things were gross loopholes in our tax system. And I am sure that lawyers and accountant are working on new "workarounds" to avoid these new rules.

It makes one want to become an avoider!
by kcowan
21 Feb 2018 09:15
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Apple Corp (Symbol-AAPL)
Replies: 669
Views: 45531

Re: Apple Corp (Symbol-AAPL)

(Meanwhile our 2100 AAPL shares carry an ACB of US$10.9 and are a long-term hold in our taxable account.) Have we colonized Mars later this century, Mr. Time Traveler? :P Ha ha. Many splits ago, I sold them all at $72 and repurchased half at $52. I wanted to crystalize the gains and reduce my expos...
by kcowan
20 Feb 2018 14:35
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Apple Corp (Symbol-AAPL)
Replies: 669
Views: 45531

Re: Apple Corp (Symbol-AAPL)

The thing about ingrained biases is that they can never be worked out on forums. My good friend is a 'died-in-the-wool" Android bigot. He will not use Samsung or Google versions but insists on a "pure" version with independent hardware. He insists on vendor independence. Samsung and Google work agai...
by kcowan
18 Feb 2018 15:55
Forum: Now Hear This!
Topic: Guess who turned 13 today?
Replies: 9
Views: 278

Re: Guess who turned 13 today?

:thumbsup: Any idea whether the 1.1 million viewing 7 pages ranks in comparable sites? It sounds impressive! This is my goto site for Canadian finance. Thanks for the indefatigable support. I try to give back but 15 years into retirement, my span of interest has declined. But I have claimed every ty...
by kcowan
18 Feb 2018 15:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Apple Corp (Symbol-AAPL)
Replies: 669
Views: 45531

Re: Apple Corp (Symbol-AAPL)

Yes, they rely heavily on the iPhone as the driver of revenue and profits, however, I can assure you it is not a one trick pony. The iPhone is a trojan horse that sucks you into the Apple ecosystem. For us,it was the iPad for DW. Then an iPhone 4S replaced DWs Motorola Startac flip phone (bought us...
by kcowan
17 Feb 2018 14:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Convertible debenture
Replies: 23
Views: 1466

Re: Convertible debenture

Yes it seems to replace what FP provided but with more paging. Thanks.
by kcowan
16 Feb 2018 12:57
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Apple Corp (Symbol-AAPL)
Replies: 669
Views: 45531

Re: Apple Corp (Symbol-AAPL)

He said that Apple was a consumer brand to him (like coke), not a tech stock. He also invested in IBM as a Cloud-based AI investment but is divesting it as a mistake.
by kcowan
16 Feb 2018 12:54
Forum: Taxing Situations
Topic: Tax paid Dividends
Replies: 9
Views: 395

Re: Tax paid Dividends

The best holding in your TFSA is pure interest bearing instruments. Next best is dividend paying stocks, then pure capital appreciation stocks. OTOH total return for banks stocks is above 12% per year for 5 years and interest bearing is under 3%. Big capital appreciation stocks might attract the att...
by kcowan
16 Feb 2018 12:45
Forum: Taxing Situations
Topic: Budget 2018
Replies: 58
Views: 1591

Re: Budget 2018

We could argue that the PR exemption unfairly favours the people who can afford houses. While this has always been the case, it has become more acute owing to the escalation in PR costs.

Eventually these voters will become a major voting block.
by kcowan
16 Feb 2018 10:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Apple Corp (Symbol-AAPL)
Replies: 669
Views: 45531

Re: Apple Corp (Symbol-AAPL)

Berkshire's Apple stake grew by about 23 per cent since the end of September to roughly 165.3 million shares worth US$28 billion. That was just above the reported US$27.8 billion stake in Wells Fargo.
So Apple is their number one stock holding.
by kcowan
15 Feb 2018 15:46
Forum: Taxing Situations
Topic: Budget 2018
Replies: 58
Views: 1591

Re: Budget 2018

I think the government should focus on reducing spending rather than increasing taxes in their budget. Yes they should close obvious tax loopholes quickly. But otherwise let them keep their hands out of our pockets.
by kcowan
15 Feb 2018 07:13
Forum: Taxing Situations
Topic: Budget 2018
Replies: 58
Views: 1591

Re: Budget 2018

I'd like to see a cap on PR exemption. The added taxation resulting from such a cap would be borne almost entirely by the Toronto and Vancouver areas. Pretty toxic for any party that wants to win these metros. They just need to make the PR exemption to be the average for the metro area. So $1 milli...
by kcowan
15 Feb 2018 06:57
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 76
Views: 2612

Re: Important change to the Amazon.ca Rewards Visa Card program

...I have read that about 1.5% goes to the card issuer for a non-rewards card. There are more processing fees for a rewards card. The 1.5% is the rate of losses from credit charges, so there is no profit for the issuer. Any additional charges for reward cards go back to the card-holder. I know that...
by kcowan
15 Feb 2018 06:31
Forum: Now Hear This!
Topic: finiki, the Canadian financial wiki
Replies: 103
Views: 8447

Re: finiki, the Canadian financial wiki

🎈🎉🎂🎉🎈
🎈🎈🎉🎂🎉🎈🎉🎂🎉🎈🎈🎉🎂🎉🎈🎈🎉🎂🎉🎈
We ought to have a way to thank the major contributors.
:thumbsup:
by kcowan
14 Feb 2018 16:09
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 76
Views: 2612

Re: Important change to the Amazon.ca Rewards Visa Card program

The facts are that the card appealed to snowbirds and they don't typically carry a balance. Also how many of we card carriers charged a bunch at amazon.ca? So both sponsors wrote it off as a bad experiment! I am amazed that it lasted as long as it did. There is clearly a need and I wonder how long H...
by kcowan
10 Feb 2018 08:43
Forum: Financial Planning and Building Portfolios
Topic: Three Investing Mistakes to Avoid
Replies: 28
Views: 1003

Re: Three Investing Mistakes to Avoid

Everybody is different but I would have thought defining your losses as a fairly nice car might make it seem more significant to some people? Yes that is why I use the "pedestrian Accord". If I used BMW convertibles, I might feel the effects more. Plus I hope I do not experience many multiple BMW d...
by kcowan
09 Feb 2018 07:41
Forum: Financial Planning and Building Portfolios
Topic: Three Investing Mistakes to Avoid
Replies: 28
Views: 1003

Re: Three Investing Mistakes to Avoid

BRIAN5000 wrote:
08 Feb 2018 12:48
2018
Accords are $40,000
Yes I thought it would be nice to use round numbers. And for sure the numbers are inflated from the days of Civics.
by kcowan
08 Feb 2018 09:27
Forum: Taxing Situations
Topic: Helping friends switch from mutual funds to ETFs
Replies: 24
Views: 627

Re: Helping friends switch from mutual funds to ETFs

This reminds me of when my kids started to buy cars (old, used ones). I'm a 'car guy' and know something about them. I gave no advice since that tended to imply a perpetual warranty. The same would be true with investments. and nearly everything else. Appliances, houses, electronics. I usually tell...
by kcowan
08 Feb 2018 09:19
Forum: Taxing Situations
Topic: Helping friends switch from mutual funds to ETFs
Replies: 24
Views: 627

Re: Helping friends switch from mutual funds to ETFs

BRIAN5000 wrote:
03 Feb 2018 02:03
An acquaintance at poker this summer asked me what I thought about Bitcoin. I thought it just a general conversation and said it wasn't for me.
I say I don't invest in speculative stocks. Did that 25 years ago. Don't need to anymore. Too risky.

(My play money does not count.)
by kcowan
08 Feb 2018 08:56
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 93
Views: 3908

Re: Housing Market 2018

adrian2 wrote:
07 Feb 2018 21:16
nisser wrote:
07 Feb 2018 20:25
We need a national strategy that prevents shelter from being traded like a commodity.
No, we do not!
:thumbsup: :thumbsup:
by kcowan
08 Feb 2018 08:51
Forum: Financial Planning and Building Portfolios
Topic: Three Investing Mistakes to Avoid
Replies: 28
Views: 1003

Re: Three Investing Mistakes to Avoid

Thanks P_I! These articles stimulate some critical thinking and self-examination. I must admit that I was guilty of most of these in my early investing career in the 80s. In the 90s, I discovered many of these on my own as I took a methodical approach. Unlike AR, I used spreadsheets extensively in t...
by kcowan
08 Feb 2018 08:15
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1777

Re: market crash Feb 2018

I PVR Bloomberg Technology and every daily episode starts with a market update so I got a glimpse of it on Saturday.

The weather in PV is similar to Hawaii but drier. Although the cold front NOTB has caused more high cloud and higher humidity.
by kcowan
05 Feb 2018 15:01
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 296
Views: 18223

Re: Retirement - is it over-rated?

Must have been a tough decision George. Welcome to the club!
by kcowan
31 Jan 2018 16:46
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2018 Predictions Contest
Replies: 33
Views: 1083

Re: 2018 Predictions Contest

The January results are now posted above. Kukucanuck is the early leader. A number of errors were corrected. Please report any others you may notice.