Search found 7920 matches

by kcowan
26 May 2017 11:00
Forum: Retirement, Pensions and Peace of Mind
Topic: The Mental Mistakes We Make With Retirement Spending
Replies: 11
Views: 287

Re: The Mental Mistakes We Make With Retirement Spending

As in the example in the article, I recently shocked everyone by stumping up the money for biz class on our trip to Europe for instance. Not 5 years ago I would have gone as cargo... :o) Our travel agent found us a deal with BA that got us flat beds to Europe for $2700 each return. We get to Amster...
by kcowan
26 May 2017 08:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Bank of Montreal (Symbol-BMO)
Replies: 434
Views: 82633

Re: Bank of Montreal (Symbol-BMO)

ghariton wrote:
25 May 2017 17:33
I'm glad I no longer pick individual securities.

George
i am saddened that your mind is no longer open to alternative approaches!
by kcowan
26 May 2017 08:45
Forum: Retirement, Pensions and Peace of Mind
Topic: The Mental Mistakes We Make With Retirement Spending
Replies: 11
Views: 287

Re: The Mental Mistakes We Make With Retirement Spending

I think it is a sad reflection of the inability of people to enjoy the fruits of their labour. I suppose I should be happy that we are not afflicted by such guilt!
by kcowan
25 May 2017 12:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: H&R REIT (Symbol-HR.UN-T)
Replies: 10
Views: 678

Re: H&R REIT (Symbol-HR.UN-T)

I thought I saw that they posted a loss in the latest quarter? It was indexed by Google but no longer posted.
by kcowan
25 May 2017 11:23
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

VPW: Every few years, you should review your overall retirement plan. (If you are over 80 years old and your health is better than anticipated, for example, you might want to lookup withdrawal percentages using (age - 5 years) or (age - 10 years)). This strikes me as the ultimate escape clause. Wha...
by kcowan
25 May 2017 10:41
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canexus convertible debenture - early redemption
Replies: 4
Views: 194

Re: Canexus convertible debenture - early redemption

I have been doing them for 12 years, ever since I took over MILs FI Portfolio.

Had 6 big winners, the rest just returning 6+% interest and one a big loser.

Now they offer 4 to 5.5% but do not smell like winners!
by kcowan
24 May 2017 17:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Unsecured Debentures
Replies: 12
Views: 349

Re: Unsecured Debentures

I am currently struggling with what to buy. I have two debentures maturing on June 30th and I am converting them both to stock. So I need to backfill my FI component. The IPO offerings from TDDI are all sh*t. At 5.3% interest. They still seem to sell out at IPO but I am not falling for that. I will ...
by kcowan
24 May 2017 16:28
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

Steve
After 15 years of retirement, I would say that the desire for accuracy is a fool's game.

One can only be as good as one's guesses. They are better than nothing and I would encourage anyone 10 years away to get RRIFmetic. At least the guesses will be well-founded!
by kcowan
24 May 2017 15:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TDDI - New WebBroker interface
Replies: 131
Views: 7127

Re: TDDI - New WebBroker interface

TDs main web site has been down for half an hour. Here are the instructions for setting the book value for share transferred in: Hi Keith, here are the instructions and form attached. a. Supporting document(s) of the correct Book Value (ex/ statement from original firm, trade confirmation, etc.) b. ...
by kcowan
24 May 2017 15:40
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

Yes. I was referring to a general rule. If your financial plan calls for a particular spending pattern, any approach could be right. I am non-discriminant. I will spend bond interest, stock dividends, convertible debenture interest, and even proceeds from stock sales. I consider it all fungible. Twi...
by kcowan
24 May 2017 15:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Aimia (Symbol-AIM)
Replies: 13
Views: 610

Re: Aimia (Symbol-AIM)

I suspect they are reeling from the impact. I would stay away. But if you already hold, how confident are you that you can sell after they reduce the dividend?

(Of course, I got out of the air miles game last year, and only use cashback cards.)
by kcowan
24 May 2017 14:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canexus convertible debenture - early redemption
Replies: 4
Views: 194

Re: Canexus convertible debenture - early redemption

I am glad it worked out for you. I am currently dealing with a couple of winners. It has been a while since I have had one. Of course, just avoiding a default is a win with the yields they offer! I am currently shopping for some new ones for early July to fill in my rungs. The offerings are not near...
by kcowan
24 May 2017 14:41
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

Indeed, based on some limited anecdotal evidence, I get the feeling some interpret 4% SWR as 4% of current portfolio, i.e. starting balance each year. The other common fallacy is to just withdraw dividends on the basis that the original portfolio is left intact. Of course, it is easy to be detached...
by kcowan
24 May 2017 10:03
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 25
Views: 835

Re: Questions for my Fin. Advisor

Then the Mutual Funds appeared in my portfolio and as a result some very high Tax bills as I stated in my previous comments. This is not only due to CG but also to high rates of foreign income which becomes Interest on my Tax return. This in turn is DRIP'd back to the Mutual fund! I guess the botto...
by kcowan
24 May 2017 09:43
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

I did not consider the plan discussed in the article linked in the OP as a sensible one, due to its reliance on a broken model (SWR).
Yes I agree that SWR is an obsolete model, but it does act as a useful surrogate for the numerically challenged.
by kcowan
24 May 2017 09:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 185
Views: 19491

Re: What did you Buy? What might you buy? (2017)

Although NFI is a great success, it is kind of alone. Enercare is another one that is going to be ~3x but the vast majority are just bonds with 5 to 6.5% annual return. Highly risky but with great potential upside. I have been doing this for over 12 years, and the first one was for MIL. I said this ...
by kcowan
23 May 2017 15:37
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Does it make sense to incorporate your RE for liability reasons in Canada?
Replies: 2
Views: 160

Re: Does it make sense to incorporate your RE for liability reasons in Canada?

IANAE in RE but it seems to me that incorporation is exactly what big developers do on every major project to isolate them from other corporate assets. If you mix in other assets, you are doing it at your risk. That will depend on the likelihood of a successful litigation, which is for sure lower in...
by kcowan
23 May 2017 15:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What constitutes a suitable Moat?
Replies: 9
Views: 427

Re: What constitutes a suitable Moat?

My point is that Oracle is not using IBM patented technology. Both DB2 and Oracle are examples of relational databases, among many others. OK sorry. My bad. That was more illustrative and not an attempt to smear Oracle who built a successful business on relational databases. In a way, it was to sho...
by kcowan
23 May 2017 15:17
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

During my entire life, my income has been variable. I am sure that this is true of most FWF members, too. Some years, we get higher bonuses than others, for example. In bad periods, like 2008-2009, we're just happy if we get to keep our job, so we don't care if our income is indexed to the CPI or n...
by kcowan
23 May 2017 10:06
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What constitutes a suitable Moat?
Replies: 9
Views: 427

Re: What constitutes a suitable Moat?

Let me talk about some specific stocks that don't fit into any of these categories: Oracle - a database company using IBM patented technology I've been more than familiar with Oracle for over two decades and it's the first time hearing such a thing. IBM makes the DB2 database software, competing wi...
by kcowan
23 May 2017 09:54
Forum: Retirement, Pensions and Peace of Mind
Topic: Estate Planning... POA or must be Will?
Replies: 31
Views: 737

Re: Estate Planning... POA or must be Will?

I don't know what it is like now, but in 2005, we took MIL into a TD Waterhouse branch and they did exactly what we wanted. They politely asked if she needed help and we replied that we were helping her so got trading authority. (One thing she insisted on was $10000 in her chequing account. I emphas...
by kcowan
23 May 2017 09:47
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 35
Views: 1046

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

Over on ER.org, many of the SWR proponents who are retired actually withdraw their amount from the portfolio and put it in a savings account because they don't need it! Makes no sense to me.
by kcowan
22 May 2017 15:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What constitutes a suitable Moat?
Replies: 9
Views: 427

What constitutes a suitable Moat?

A recent discussion over in Clippings made me think this would be a worthy topic on its own: At the extreme, that would be the lottery ticket approach to investing. Apparently, it is quite popular with some people. George Ironically, all the super-rich made their fortunes through stock concentration...
by kcowan
21 May 2017 10:47
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 110
Views: 5956

Re: Clippings 2017

Lazy Ninja, I've often wondered what advice he would give to Canadian investors for the domestic equity portion of their portfolios, given that the case for indexing appears much weaker here. What is the source of your statement that the case for indexing appears much weaker in Canada ? Does it ass...
by kcowan
21 May 2017 10:42
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 110
Views: 5956

Re: Clippings 2017

At the extreme, that would be the lottery ticket approach to investing. Apparently, it is quite popular with some people. George Ironically, all the super-rich made their fortunes through stock concentration! JD Rockafeller with Standard Oil, Gates, Musk, Ellison, any founder of a successful compan...