Search found 495 matches

by big easy
23 May 2017 10:53
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 110
Views: 5932

Re: Clippings 2017

Canada can't really support a superstar stock. To make sure you have one, hold VT. Remember what happened not only to Nortel but to Nokia in Finland. The one stock overwhelmed the market and gave too much risk. Only a large economy like the US can really support a superstar. As for Canadian stocks,...
by big easy
21 May 2017 12:12
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 110
Views: 5932

Re: Clippings 2017

Lazy Ninja, What is the source of your statement that the case for indexing appears much weaker in Canada ? Does it assume that the laws of arithmetic have been suspended? Au contraire mon ami! Canadian indexing it's a sector bet mathematically. Please explain. Note that I am not implying that one ...
by big easy
19 May 2017 15:28
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13245

Re: High interest rates for savings, GICs and MMFs (2017)

I just looked myself and have never seen a list that small either. There must be some strategy change going on in the background. Will have to watch and wait. By contrast, Scotia iTrade has offerings from 31 insitutions this morning, including Home Trust at 2.35%, Equitable Bank at 2.25% and CWB at...
by big easy
28 Apr 2017 16:36
Forum: Taxing Situations
Topic: I don't want a refund, the goal should be having taxes owing
Replies: 21
Views: 661

Re: I don't want a refund, the goal should be having taxes owing

If you are self employed (or have other income without tax withheld at source), can you make a voluntary installment to CRA on December 31 to reduce tax payable to below $3,000 and therefore avoid being forced to pay quarterly instalments in the following year? Nope. Suppose you think that you will...
by big easy
28 Apr 2017 11:38
Forum: Taxing Situations
Topic: I don't want a refund, the goal should be having taxes owing
Replies: 21
Views: 661

Re: I don't want a refund, the goal should be having taxes owing

My tax goal every year is to have a small balance owing (under the CRA $3000 threshold ) rather than planning for a tax refund. This is to avoid the CRA requirement of paying taxes by quarterly instalment. If you are self employed (or have other income without tax withheld at source), can you make ...
by big easy
04 Apr 2017 15:57
Forum: Financial News, Policy and Economics
Topic: Public Sector Salary Disclosure
Replies: 42
Views: 1873

Re: Public Sector Salary Disclosure

The threshold should probably go up with CPI as OGG suggested. $100k is not a huge amount of money though the average family income in Canada would think otherwise. OTOH, $138k is a pretty significant sum. Especially when this is only wages and overtime (I think), and does not include other salary ...
by big easy
04 Apr 2017 15:32
Forum: Financial News, Policy and Economics
Topic: Public Sector Salary Disclosure
Replies: 42
Views: 1873

Re: Public Sector Salary Disclosure

Why is it necessary to publish the names of people in the public service. Would an employee number not suffice. Would you like your name and salary published all over the internet? I didn't think so.
by big easy
11 Mar 2017 13:37
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: bond etfs
Replies: 31
Views: 1429

Re: bond etfs

I replaced my government bonds with a GIC ladder, with the rest of my fixed income in RRBs and CBH. CBH has a duration of under 5 and holds mostly AA & A corporate bonds. It has a better yield to maturity than VAB with less interest rate risk but more credit risk. If you are going to be spending the...
by big easy
08 Mar 2017 15:13
Forum: Financial Planning and Building Portfolios
Topic: Observations of Full Implementation (Jan 2017) of CRM2 on Your Accounts
Replies: 18
Views: 1480

Re: Observations of Full Implementation (Jan 2017) of CRM2 on Your Accounts

GreatLaker wrote:I got the following message from TDDI today. Performance reporting and fees will be reported in April.
2017?

I wonder if there are any penalties for late compliance. TD lagging behind the pack yet again. Too busy training their tellers to push expensive products to unsuspecting seniors?
by big easy
02 Mar 2017 15:43
Forum: Retirement, Pensions and Peace of Mind
Topic: Drip in a RRIF or not?
Replies: 33
Views: 934

Re: Drip in a RRIF or not?

Except why would you not want to have withholding, especially for a lump sum withdrawal on the last trading day of the year? You have to pay the tax anyway come April....and it will factor into the calculation of your istallment payments paid quarterly too. My current plan is to potentially have ve...
by big easy
01 Mar 2017 16:00
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: ETFs vs. Mutual Funds
Replies: 14
Views: 551

Re: ETFs vs. Mutual Funds

I caught a CBC news story last night that described all ETFs as low cost vehicles replicating an index and all mutual funds as actively managed with high fees. As if mutual funds could not do the same thing (TDM900) and an ETF could not be a 2x leveraged bet on crude oil (HOU)? Surprising that the C...
by big easy
01 Mar 2017 15:43
Forum: Retirement, Pensions and Peace of Mind
Topic: Drip in a RRIF or not?
Replies: 33
Views: 934

Re: Drip in a RRIF or not?

My wife has a RRIF with TDDI. Withdrawals are once a year, on the last trading day. The amount is determined based on the previous year's closing balance. TDDI shows the amount that will be withdrawn right on the account. The amount and timing of withdrawals are agreed upon when you set up the RRIF...
by big easy
01 Mar 2017 10:48
Forum: Retirement, Pensions and Peace of Mind
Topic: Drip in a RRIF or not?
Replies: 33
Views: 934

Re: Drip in a RRIF or not?

So what are the mechanics of RRIF withdrawals? I'm with TD - do you take withdrawals manually as needed or can they be scheduled monthly or quarterly and taken autormatically? If automatically, what happens if you don't have enough cash/HISA on hand? Do you get a statement showing your RRIF withdraw...
by big easy
24 Feb 2017 15:55
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 72
Views: 2175

Re: Asset Allocation during retirement?

Your plan seems sound AND really if your DB is about the same as CPP, then between you and your spouse, you will have substantial income from DB, CPPx2 and OASx2 assuming your spouse also will get max CPP. You are significantly more than 50% towards your $70k. I'd suggeest your proposed allocation ...
by big easy
24 Feb 2017 12:27
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 72
Views: 2175

Re: Asset Allocation during retirement?

I am 3-5 years from retirement. I have only recently begun to seriously consider how to fund my retirement. I tracked our expenses for a full year and figure the mrs & I can live comfortably on $70k/year pre-tax. I plan to retire early, so will have to live off savings for a few years before CPP/OAS...
by big easy
14 Jan 2017 13:27
Forum: Financial Planning and Building Portfolios
Topic: Euro and Asian stocks
Replies: 8
Views: 324

Re: Euro and Asian stocks

I suppose if you can look at the macro economics and figure out which markets are poised to bomb over the next 10, 20, 30 years, you could avoid the stinkers like Japan. That's easy to do in hindsight but I have no such confidence in my ability to do so going forward. And then there is the self-doub...
by big easy
14 Jan 2017 12:12
Forum: Financial Planning and Building Portfolios
Topic: Euro and Asian stocks
Replies: 8
Views: 324

Re: Euro and asian stocks

Perhaps the poster is referring to the performance of the EAFE markets. The 10yr CAGR on the MSCI EAFE Index is 2.79% in local currency with dividends reinvested. By comparison the MSCI World index is up 5.02% over the same period, the MSCI Emerging Mkts Index 5.26% and MSCI US 7.08%. I have been wo...
by big easy
31 Dec 2016 15:18
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Returns 2016, along with 5, 10 year CAGR Performance
Replies: 101
Views: 5005

Re: Portfolio Returns 2016, along with 5, 10 year CAGR Performance

Approximate numbers holding 50-60% equities the rest in XSB and as interest rates fell over the past several years VSC/GIC ladder/2026 RRBs and some prefs.

1 yr 7.1%
3 yr 6.3%
5 yr 8.7%
10 yr 5.9%
by big easy
29 Dec 2016 21:33
Forum: Under the Mattress: Protecting Your Money
Topic: Non-registered investment account for minor
Replies: 12
Views: 678

Re: Non-registered investment account for minor

You can open In-trust accounts at TDII (discount brokerage) if minors live with you (and there may be other interpretations of this) accounts fall under a family or household designation and are free. You may have trouble with TDDI issuing T-slips in the correct name. If this is a long-term plan ac...
by big easy
23 Dec 2016 11:59
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TD Direct Investing (was Waterhouse) Service
Replies: 1855
Views: 157973

Re: TD Direct Investing (was Waterhouse) Service

Speaking from my own experience, TD & TDDI are generally good but probably not the very best in terms of fees and service. I am a long time customer and so unless you have some reason for going for TD specifically, you might want to shop around. They used to be an innovator in the online brokerage s...
by big easy
21 Dec 2016 15:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Predictions Contest
Replies: 77
Views: 2993

Re: 2017 Predictions Contest

Generally a bullish forecast, oil up = CAD up, inflation up = gold up,

DOW: 21,000
TSX: 15,750
GOLD: 1250
OIL: 66
CAD: 0.81
by big easy
19 Dec 2016 15:35
Forum: Taxing Situations
Topic: TDDI Missing Tax Slip
Replies: 14
Views: 588

Re: TDDI Missing Tax Slip

Get yourself set up for CRA's MyAccount soon. You'll be able to see all the slips that have been reported to CRA before you file. (Note that T3s may not show up until early April - the Financial Institutions have until Mar 31 to submit them, and it can take a little time to post them). Good to know...
by big easy
19 Dec 2016 10:36
Forum: Taxing Situations
Topic: TDDI Missing Tax Slip
Replies: 14
Views: 588

Re: TDDI Missing Tax Slip

Can you not see the data for the missing T3s online at CRA's My Account? That most likely is what CRA is comparing against. Yes I can and in fact CRA mailed me copies but it is too late. I was speaking of next year - I'll have to make sure TD mails the T3s or otherwise ask for them as they don't se...