Search found 7775 matches

by kcowan
19 Feb 2017 15:15
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 592
Views: 103089

Re: Outstanding Financial Pornography

I've also heard some interesting stories of graft coming back to clients from certain IG advisors. My response was: You do realize that you're paying for that! Oh no. I don't pay anything for the service... :roll: When I completed my divorce agreement, my lawyer and I celebrated by going out to din...
by kcowan
19 Feb 2017 14:55
Forum: Retirement, Pensions and Peace of Mind
Topic: how long will it last?
Replies: 20
Views: 894

Re: how long will it last?

I can have a strategy to gain wealth but it is useless without a plan to achieve it. That plan has to change whenever reality changes. That is the power of the plan. I can immediately see the effects and adapt accordingly. While I agree it is a semantic argument, those are the definitions I grew up ...
by kcowan
19 Feb 2017 09:24
Forum: Taxing Situations
Topic: Tax Installments
Replies: 363
Views: 34478

Re: Tax Installments

Here is mine: This is not a bill. This "Instalment Payment Summary" is not a request for you to make payments. The summary shows instalment payments that we processed as of January 05, 2017. Payments processed after this date can be viewed online immediately. Amount Date (snip) Total payme...
by kcowan
19 Feb 2017 09:13
Forum: Taxing Situations
Topic: FINTRAC source of funds proof
Replies: 5
Views: 180

Re: FINTRAC source of funds proof

I did a Fintrac transaction back in 2007 when I bought my snowbird condo. I encountered no enthusiastic bank personnel back then.

You are doing the right thing by only answering what YOU think is necessary. If they demand more, ask to speak to a supervisor.
by kcowan
19 Feb 2017 08:54
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 592
Views: 103089

Re: Outstanding Financial Pornography

Fortunately, she doesn't have to get back in. She has a very good DB pension, a paid for townhouse and BMW and more than enough savings to keep her in travel and other desires without having to extend beyond the safety of GICs. I doubt that her situation is common though, but maybe I'm mistaken. I ...
by kcowan
19 Feb 2017 08:46
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Corporate Bond - Help with Tender Offer
Replies: 6
Views: 200

Re: Corporate Bond - Help with Tender Offer

That has always been my strategy. Why would the issuer go through such hoops to get a less attractive offering for them. Sure maybe they made some wrong assumptions or maybe the bank convinced them to do it.
by kcowan
19 Feb 2017 08:17
Forum: Taxing Situations
Topic: Possible to not be a resident of *any* country for tax purposes?
Replies: 35
Views: 1808

Re: Possible to not be a resident of *any* country for tax purposes?

I don't know about your financial makeup tedster, but I spend 7 months absent and I find the actual tax rates in Canada are very reasonable. I pay 10% to 15% total tax in any given year on dividends and interest. And I am not in a tax advantaged situation. The alternative is 25% total tax, including...
by kcowan
18 Feb 2017 15:08
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 592
Views: 103089

Re: Outstanding Financial Pornography

I believe that CRM2 has not been even remotely explained to the average full service client. These people are marketing professionals who will explain away everything.
by kcowan
18 Feb 2017 09:07
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 592
Views: 103089

Re: Outstanding Financial Pornography

Adviser fees may leave people `doubly shocked' (Globe & Mail) For the most part, neither a great nor a horrible article, but there's one section of unadulterated fin-pr0n near the end. Expect to see a lot more articles promoting stock picking/active management now that people become aware of th...
by kcowan
18 Feb 2017 08:45
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 44
Views: 897

Re: Asset Allocation during retirement?

BRIAN5000 wrote:
A SS that tracks where we are each day( we have several homes).
You'd think they would have an APP for that.
One of the problems is that presence in the states does not count if you are in transit. But taking a half day shopping trip does.
by kcowan
18 Feb 2017 08:35
Forum: Taxing Situations
Topic: FINTRAC source of funds proof
Replies: 5
Views: 180

Re: FINTRAC source of funds proof

Receipts for proof of sale are sufficient. The bank will ask for all kinds of info. Best just to decline to provide. If you could be considered a US Person, there are a series of question to confirm that.
by kcowan
17 Feb 2017 08:20
Forum: Under the Mattress: Protecting Your Money
Topic: Dynamic Currency Conversion - merchant offering currency conversion
Replies: 13
Views: 894

Re: Dynamic Currency Conversion - merchant offering currency conversion

In my experience, it has always been better to accept the charge in local currency and this was before no-FX cards. The merchant is doing this for one reason: to make more money on the transaction
by kcowan
17 Feb 2017 08:00
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 44
Views: 897

Re: Asset Allocation during retirement?

We are gradually shifting our AA from 68/32 by replacing the maturing bonds with good performing dividend stocks. The bond portfolio was not supplying capital preservation as we had hoped so we are willing to put up with the higher volatility of stocks for the better overall yield in good times. We ...
by kcowan
16 Feb 2017 17:33
Forum: Taxing Situations
Topic: Tax Installments
Replies: 363
Views: 34478

Re: Tax Installments

I got a paper notice of assessment and the electronic version was not posted for another 6 weeks, at which point I paid the balance.
by kcowan
16 Feb 2017 16:52
Forum: Under the Mattress: Protecting Your Money
Topic: Dynamic Currency Conversion - merchant offering currency conversion
Replies: 13
Views: 894

Re: Travel/Vacations

tedster wrote:Not certain I mentioned, I was using VISA. Bank is involved either way.
The bank will add 2.5% vig so you need to compare that to what the merchant is offering. Just check the math.
by kcowan
16 Feb 2017 16:48
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 44
Views: 897

Re: Asset Allocation during retirement?

One of the things we consider is that our heirs are going to get the benefit of our portfolio and they are young enough that they do not want it invested in income-generating holdings. So we are investing for our heirs and charities in addition to our own income needs.
by kcowan
16 Feb 2017 16:40
Forum: Financial Planning and Building Portfolios
Topic: Even if you hold 100% of Canadian equities, aren't you still greatly exposed to currency risk indirectly?
Replies: 8
Views: 293

Re: Even if you hold 100% of Canadian equities, aren't you still greatly exposed to currency risk indirectly?

I have a little US and Other. But I have found that the C$ has gained 33% against the M Peso in the last year. It has also increase slightly against the Euro. So the US holdings have really been an welcome bonanza in speculative holdings and a hedge against inflation. We spend no time in the US othe...
by kcowan
16 Feb 2017 16:08
Forum: Financial Planning and Building Portfolios
Topic: RY vs the US market
Replies: 15
Views: 462

Re: RY vs the US market

You need to develop an IPS. Without that you will become a trader/speculator. Although there is nothing inherently wrong with that, you need to adopt a strategy.
by kcowan
14 Feb 2017 17:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: U.S. dividend ETF on TSX or individual U.S. stocks
Replies: 3
Views: 114

Re: U.S. dividend ETF on TSX or individual U.S. stocks

We pick cherries in areas where we have some insight, in both Canada and the US. We also hold broad-based investments to cover other areas. There is no single solution. It depends on your particular expertise and risk tolerance. If you are insecure or lack specific industry knowledge, then ETFs are ...
by kcowan
14 Feb 2017 16:45
Forum: Now Hear This!
Topic: Notice: Change to "Remember me" settings upcoming
Replies: 4
Views: 133

Re: Notice: Change to "Remember me" settings upcoming

I have set
Allow from Websites | Visit
should I set it to
Always Allow?

That seems to be more liberal than I like. But what the hey?
by kcowan
14 Feb 2017 15:06
Forum: Now Hear This!
Topic: Notice: Change to "Remember me" settings upcoming
Replies: 4
Views: 133

Re: Notice: Change to "Remember me" settings upcoming

It does not remember me on my iPhone now.
by kcowan
14 Feb 2017 15:04
Forum: Retirement, Pensions and Peace of Mind
Topic: Recommend wills/estate attorney near Toronto/Markham?
Replies: 1
Views: 128

Re: Recommend wills/estate attorney near Toronto/Markham?

My recommendation is neutral (Yonge St): Maureen Monaghan maureen@monaghanlaw.com 416-486-9919 Great lady. Very competent very helpful very reasonable prices. Used her for Dad and Brother. She even called my Ex on Saturday to resolve an issue. Had no problem dealing from Vancouver. She is current on...
by kcowan
14 Feb 2017 09:28
Forum: Financial Planning and Building Portfolios
Topic: Withdrawal time... (before retirement)
Replies: 189
Views: 17152

Re: Withdrawal time... (before retirement)

Must be a good component of merit in that raise! Congratulations and thanks for sharing.
by kcowan
13 Feb 2017 13:49
Forum: Taxing Situations
Topic: Pending Tax Changes
Replies: 16
Views: 1186

Re: Pending Tax Changes

ghariton wrote: Stock options now, few of the natural governing party have stock options. Let's tax them instead.
Also the PR exemption! Limit the exemption to $250,000. That should take care of most Quebec constituents.
by kcowan
09 Feb 2017 11:44
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 36
Views: 1005

Re: Which Broker Do you Use?

I am with TDDI and have noticed how they have eroded their support over the years. At one time, being a Presidents Account meant better service. No more. When I complain, they offer full service! Talk about waving a red flag! The one thing I miss is the Canaccord complete history of transactions onl...

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