Search found 8170 matches

by kcowan
23 Nov 2017 16:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Buffet: Buy Index Funds
Replies: 13
Views: 1939

Re: Buffet: Buy Index Funds

I have seen some callers go off script and the guests are always up front about their answers.
by kcowan
23 Nov 2017 15:58
Forum: Financial News, Policy and Economics
Topic: Amanda Lang leaving [BNN] CBC
Replies: 100
Views: 22673

Re: Amanda Lang leaving [BNN] CBC

I noticed that Bloomberg North was cancelled and that left her without a job (along with Rudyard Griffiths and Anthony Lacavera). I had tried to record it but it recorded every repeat forcing me to cancel. I have seen Anthony as a guest On The Money on CBC.
by kcowan
23 Nov 2017 08:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Royal Bank (Symbol-RY)
Replies: 267
Views: 60979

Re: Royal Bank (Symbol-RY)

When working at the bank I was in charge of raising capital. I was always surprised at how cheaply we could raise non equity capital. Also, how expensive common equity was. Long ago I decided to invest only in the equity. Just so much better as an investment over the years. I remember considering b...
by kcowan
23 Nov 2017 08:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock study techniques ... thanks Mike
Replies: 11
Views: 349

Re: Stock study techniques ... thanks Mike

brad911 wrote:
22 Nov 2017 20:53
I probably learned the most from yielder & scomac early on. Gummy too (still use about 8 of his spreadsheets monthly)
:thumbsup:
A Gummy spreadsheet also runs the Predictions Contest. He is having a good life, mostly using his talents to document various trips in pictures.
by kcowan
23 Nov 2017 06:43
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA contribution 2017
Replies: 18
Views: 1017

Re: TFSA contribution 2017

GASP, I hold one other legacy mutual fund in my dark closet. It happens to be F series Franklin Bissett Canadian equity fund (MER 1.15%) that I was able to buy in the early E*Trade days before they got put into their place by the fund industry and not permitted to sell F class directly to mere reta...
by kcowan
22 Nov 2017 12:57
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Royal Bank (Symbol-RY)
Replies: 267
Views: 60979

Re: Royal Bank (Symbol-RY)

It seems that the banks managed to get people to invest in their long term financing with too much premium. I was amazed but then I am not much of a bond guy so I never paid much attention. I tend to stick to utilities because they pay more.
by kcowan
22 Nov 2017 12:43
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Affordability
Replies: 10
Views: 269

Re: Housing Affordability

The fact that the industry did not anticipate the effects of long term low interest rate is a testimony to the lack of financial astuteness in the industry.
by kcowan
22 Nov 2017 07:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Royal Bank (Symbol-RY)
Replies: 267
Views: 60979

Re: Royal Bank (Symbol-RY)

This seems to be one of those good news/bad news developments. On the one hand, they are rich successful and big. OTOH they must maintain a higher reserve capital, making them less efficient.
by kcowan
21 Nov 2017 19:01
Forum: Taxing Situations
Topic: CRA 's evaluation of their performance
Replies: 1
Views: 144

Re: CRA 's evaluation of their performance

I got a 3 page letter from them asking for support for the US tax paid on my TDDI investments for which I submitted a T1135. Sure, I sent them a copy of the TD form already on their web site and applied the exchange rate to convert to C$. What kind of trained monkeys are we dealing with here. What a...
by kcowan
21 Nov 2017 07:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: New Flyer Industries (Symbol - NFI.TO)
Replies: 18
Views: 424

Re: New Flyer Industries (Symbol - NFI.TO)

Pitboard wrote:
20 Nov 2017 16:30
PV could use some new buses BUT could they handle the cobbles and speed bumps. LOL
Many of their buses are Mercedes. It only takes a year to destroy their suspension. It would be nice if they had pollution controls...then NFI could sell their products.
by kcowan
20 Nov 2017 16:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: New Flyer Industries (Symbol - NFI.TO)
Replies: 18
Views: 424

Re: New Flyer Industries (Symbol - NFI.TO)

Thanks AR. I think we follow the same strategy. You more so than me but I have been retired longer! If I live long enough, I might get to automatic pilot.

We have friends who just bought in Penticton. So if we get there next summer, I will get in touch for a quaffing and sharing.
by kcowan
20 Nov 2017 15:15
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 287
Views: 16511

Re: Clippings 2017

This reminds me of MILs portfolio when I was managing it. Somehow GICs and Bond were different even though they would all deliver face value at maturity. Her FA was buying high interest bonds and paying a premium so she could show a high interest rate on each statement. When I took it over, I claime...
by kcowan
20 Nov 2017 14:41
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: New Flyer Industries (Symbol - NFI.TO)
Replies: 18
Views: 424

Re: New Flyer Industries (Symbol - NFI.TO)

If you held it, would you hang in? My cost is $10 per share.

(We rented a yacht for the day and went from Castries to Les Gros Pitons. Lots of rum and warm water swimming. But no NFI buses on the island!)
by kcowan
20 Nov 2017 07:10
Forum: Retirement, Pensions and Peace of Mind
Topic: Property POA - Financial Directive?
Replies: 14
Views: 317

Re: Property POA - Financial Directive?

...do not sell my house and go to the casino, but put proceeds into Annuity for me, do not rob me of all my funds needed for nursing home but get the bank to only pay out a certain amount every month? I think your situation indicates that you should purchase an annuity while you are capable. Consid...
by kcowan
19 Nov 2017 07:41
Forum: Financial Planning and Building Portfolios
Topic: Norbert's Gambit: CAD chequing to USD checking
Replies: 6
Views: 215

Re: Norbert's Gambit: CAD chequing to USD checking

pmj wrote:
18 Nov 2017 17:05
For small amounts, get a zero FX-fee C$ credit card, buy stuff in the US with it, pay the bills from yr Canadian bank account.
I think there is only one choice for this: Rogers Mobility Mastercard.
by kcowan
18 Nov 2017 06:32
Forum: Under the Mattress: Protecting Your Money
Topic: Paying with Paypal using a USD bank account from a canadian bank to avoid conversion fees
Replies: 9
Views: 159

Re: Paying with Paypal using a USD bank account from a canadian bank to avoid conversion fees

I use a 0% FX-fee card (Amazon or Rogers/Fido), select US$ payment direct from my credit card, not through my PayPal account, and reject (at least twice) PayPal's warnings that my final C$ cost is unknown (whilst helpfully quoting an exact C$ cost if I let PayPal convert for me). Last time I checke...
by kcowan
14 Nov 2017 19:08
Forum: Financial Planning and Building Portfolios
Topic: Diversifying from rentals into stocks or farmland
Replies: 4
Views: 213

Re: Diversifying from rentals into stocks or farmland

You are indeed diversified. I admire your many initiatives. What you have not provided is any indication of how each of your investments is performing. Without that, it is hard to advise alternatives that might be better. You are obviously heavily dependent on property values and rental incomes. But...
by kcowan
14 Nov 2017 08:28
Forum: Financial News, Policy and Economics
Topic: How can Cash Flow be less than Earnings
Replies: 5
Views: 367

Re: How can Cash Flow be less than Earnings

Earnings are a figment of your CFOs imagination. Free cash flow is hard to fudge.
by kcowan
13 Nov 2017 09:01
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 287
Views: 16511

Re: Clippings 2017

Park wrote:
12 Nov 2017 23:24
...And you need a fine-tuned bullshit detector to protect yourself from the swarms of sales pitches and get-rich-quick schemes that plague the industry."
Yes. And a good BS detector will help you far beyond the investment industry. :thumbsup:
by kcowan
08 Nov 2017 17:11
Forum: Financial Planning and Building Portfolios
Topic: Borrowing on margin
Replies: 25
Views: 729

Re: Borrowing on margin

deaddog wrote:
08 Nov 2017 12:23
Kept a good paper trail so I could show that any money borrowed was invested in dividend paying stocks.
Yes make sure that any interest payments were to fund dividend-paying investments.
by kcowan
07 Nov 2017 09:12
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1189

Re: Passing on a DIY portfolio after death

AltaRed wrote:
06 Nov 2017 17:37
...But from the chart, I like the WealthSimple one perhaps the best.
If you were doing the ex-wife's plan now, would you use it?
by kcowan
06 Nov 2017 17:18
Forum: Taxing Situations
Topic: alternative investments, tax credits
Replies: 1
Views: 175

Re: alternative investments, tax credits

I avoid all government schemes because the government has no idea what constitutes a good investment.

If you want to devote 5% to high risk, start playing with public small caps. Going public assures at least a measure of discipline, especially if not a reverse takeover.
by kcowan
06 Nov 2017 17:13
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1189

Re: Passing on a DIY portfolio after death

I think CDIC coverage is one of those casualties of death. Take the risk, keeping things in a good institution at a lesser rate. Being the oldest contributor here and having had a heart attack three years ago, I am probably rightly more concerned than the rest of you. I am thinking that DW should re...
by kcowan
06 Nov 2017 10:43
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1189

Re: Passing on a DIY portfolio after death

...That said, maybe it's as simple as admitting that at this stage of life, paying a fee (i.e. 1-2%) of assets to a major firm is just part of the aging process and that one needs to plan their affairs to include this fee. Agreed. What we are doing is relying on a substantial life insurance policy ...
by kcowan
06 Nov 2017 10:22
Forum: Financial Planning and Building Portfolios
Topic: Non-registered investment account advice sought
Replies: 7
Views: 307

Re: Non-registered investment account advice sought

Any of the FANG stocks will create more returns from stock price appreciation than from dividends.