Search found 8154 matches

by kcowan
14 Nov 2017 19:08
Forum: Financial Planning and Building Portfolios
Topic: Diversifying from rentals into stocks or farmland
Replies: 4
Views: 193

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: 357

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: 262
Views: 15886

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: 672

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: 33
Views: 1026

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: 169

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: 33
Views: 1026

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: 33
Views: 1026

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: 296

Re: Non-registered investment account advice sought

Any of the FANG stocks will create more returns from stock price appreciation than from dividends.
by kcowan
04 Nov 2017 14:41
Forum: Financial Planning and Building Portfolios
Topic: Robo-advisors
Replies: 55
Views: 5659

Re: Robo-advisors

AltaRed wrote:
04 Nov 2017 11:04
Have to wonder what the commissioned sales force at the likes of Wood Gundy must be feeling. Not a good time to embark on a conventional financial advisor career me thinks.
WG seems to be embracing the needs for disclosure and gradually being absorbed into Investors' Edge.
by kcowan
04 Nov 2017 14:21
Forum: Retirement, Pensions and Peace of Mind
Topic: RRIF Withdrawal
Replies: 35
Views: 1773

Re: RRIF Withdrawal

Do they charge for all the sell transactions?
by kcowan
04 Nov 2017 14:14
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

RBC has a neat feature. If you have an account - any type it seems - you have access to your TransUnion Credit score. The link is right at the main page showing your account(s). This also gives you a few on-line reports, list of cards in use, limits and $$ owing etc. Almost worth keeping a small ac...
by kcowan
03 Nov 2017 16:09
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

Canada Post uses Equifax to verify your identity when forwarding your mail. I have tried to use it for 3 years and always been rejected. It seems that I do not know enough about how Equifax works. Go to the Equifax website and ask for a free copy of their report. They'll make you mail/fax some ID f...
by kcowan
03 Nov 2017 10:15
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

Canada Post uses Equifax to verify your identity when forwarding your mail. I have tried to use it for 3 years and always been rejected. It seems that I do not know enough about how Equifax works. I have to drop into an office and verify my ID. (One of my pet peeves is that CP forces me through the ...
by kcowan
02 Nov 2017 17:37
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 346

Re: Would it be wise to take capital gains in this situation?

Rolling forward capital losses only helps if you move into a higher tax bracket. You have 2 offsetting factors:
1. The role of inflation and
2. The possibility of a reduced CG exemption.

If it were me, I would take them now. A bird in the hand!
by kcowan
02 Nov 2017 17:32
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 262
Views: 15886

Re: Clippings 2017

I used to follow Ritholz until I discovered that he is a shill! Now I follow no one. I do pay attention to NormR But I no longer follow Buffett either. I believe he has become a "rent-seeker"!
by kcowan
02 Nov 2017 09:15
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

I don't track my credit score but I have heard that inquiries on your file can influence the score. E.g. If a CC company is preparing to make you an offer (like a new card or a higher credit limit), it can cause fluctuations.
by kcowan
01 Nov 2017 18:54
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 800

Re: Annuity

SQRT wrote:
01 Nov 2017 17:57
adrian2 wrote:
01 Nov 2017 17:31
For the C-suite it may a take a little longer; a year or two, maybe?
Yup. As soon as the people who know you move on to other jobs.
I found that it was about 6 months. Of course they resented the fact that I escaped. So it was kind of spotty.
by kcowan
31 Oct 2017 16:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Predictions Contest
Replies: 87
Views: 4122

Re: 2017 Predictions Contest

Still holding the lead!

Contenders are LadyGeek and schmuck.

Latest results
by kcowan
26 Oct 2017 14:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: History of Discount Brokers in Canada
Replies: 13
Views: 339

Re: History of Discount Brokers in Canada

Funny story. TD told me that I could not transfer money electronically between GreenLine and the bank in the early 90s. I said that I was doing it by bill payment both ways (using my chequing account at Greenline and utilizing Greenline as a payee from the bank). My main frustration with TD is their...
by kcowan
26 Oct 2017 14:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Roots Corporation (Symbol - ROOT)
Replies: 7
Views: 323

Re: Roots Corporation (Symbol - ROOT)

AltaRed wrote:
26 Oct 2017 10:29
I've never bought anything there...ever
I had a t-shirt back in the day. Of course it was worn out several decades ago.
by kcowan
26 Oct 2017 10:04
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: History of Discount Brokers in Canada
Replies: 13
Views: 339

Re: History of Discount Brokers in Canada

Green line offered a chequing account and I used it for direct deposit of my pension cheques in May 1992. They gave me two cheque books, one for C$ and the other for USD. I primarily used the USD to pay maintenance fees for our timeshare in Mexico. When I eventually ran out of the initial 50 cheques...
by kcowan
25 Oct 2017 20:00
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Rental Income Surplus - What to do?
Replies: 8
Views: 562

Re: Rental Income Surplus - What to do?

With your "profits" are they calculated based on all numbers or do you have a really low mortgage that you paid down? For example, I know people who pay say 300k for a place, but only get a mortgage for $150k, paying the other $150k out of pocket. Then they rent it for say, $1200/month and say it c...
by kcowan
25 Oct 2017 19:27
Forum: Financial Planning and Building Portfolios
Topic: 25 years ago, did Oct 19 '87 influence you?
Replies: 31
Views: 1281

Re: 25 years ago, did Oct 19 '87 influence you?

I had a big holding in megacorp through their employee stock plan and some trivial stock holdings that I purchased on advice from friends! My biggest asset was an executive acreage north of Toronto that was worth $1.05 million in 1990 before the 7 year decline. It did not influence in a big way beca...