Search found 552 matches

by big easy
13 Feb 2018 15:55
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 76
Views: 2569

Re: Important change to the Amazon.ca Rewards Visa Card program

Got my letter. Paid off the balance owing from Christmas. I did not use it that often and do not intend to use it again. So I presume that I can kiss my 1450 pts. goodbye. Why don't you use it for some small purchase in March. I believe they'll apply any outstanding pts at that time to reduce the b...
by big easy
09 Feb 2018 10:53
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 84
Views: 3509

Re: Housing Market 2018

That may be good for long term owners but young people are screwed. It's also damaging to the economy as a whole. Businesses can't attract young talent, and in the rush to satisfy the demand for multi-million dollar homes there is nothing being built for the working class to live in. People start co...
by big easy
06 Feb 2018 15:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 1160
Views: 85897

Re: Preferreds

So BNS.PR.A has a redemption date of April 2018 and every five years thereafter. Since this is a not NVCC compliant, I presume this issue will be called in April as it is the last call date before the Jan 2022 deadline for these shares to be counted as Tier 1 capital. Or is it possible they could wa...
by big easy
01 Feb 2018 15:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]
Replies: 112
Views: 3657

Re: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]

This will not be tax efficient in TFSA's (withholding tax) and non-registered accounts (bond interest). I prefer to tax shelter the bonds and keep the ex-Canada equities out of my TFSA. I also like to control when and where I take my capital gains. Also, the MER is still on the high side for my liki...
by big easy
28 Jan 2018 22:41
Forum: Taxing Situations
Topic: Cost of US citizenship?
Replies: 6
Views: 327

Re: Cost of US citizenship?

IIRC the US version of the principle residence exemption only covers the first $250,000 in gains. So if you sell your principle residence and you have a big capital gain, you may face capital gains tax in the US whereas there would be none in Canada. Also, I think there are theoretically big fines f...
by big easy
27 Jan 2018 11:39
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 58
Views: 3240

Re: NAFTA is dead. So now what?

Why am I not surprised?
by big easy
27 Jan 2018 11:25
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 58
Views: 3240

Re: NAFTA is dead. So now what?

What's stopping them from exporting besides the fact their product is crap? It's disappointing to eat some of that orange pulp they call cheese. I paid $12 for a block of made in Canada Gouda the other day that I had to throw out. Tasted like cardboard but I guess it won't kill you. The whole point...
by big easy
27 Jan 2018 11:15
Forum: Retirement, Pensions and Peace of Mind
Topic: Strategy for stock market correction
Replies: 32
Views: 2033

Re: Strategy for stock market correction

I think Howard Marks and others are advocating a reduction to equities in preparation for a correction/crash. I have engaged in such market timing over the years but have only reduced equities by 5 to 10%. I'm inevitably too early or outright wrong but it is hard not to fiddle and I tell myself I'm ...
by big easy
26 Jan 2018 10:58
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2018
Replies: 84
Views: 3509

Re: Housing Market 2018

I thought new BC Attorney General David Eby's speech to UBC law published in The Georgia Straight was equally enlightening: https://www.straight.com/news/1018756/david-eby-posts-speech-transnational-money-laundering-and-what-hes-doing-address-bc Thanks for the link, very enlightening. I was sat dow...
by big easy
25 Jan 2018 15:57
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 58
Views: 3240

Re: NAFTA is dead. So now what?

What's stopping them from exporting besides the fact their product is crap? It's disappointing to eat some of that orange pulp they call cheese. I paid $12 for a block of made in Canada Gouda the other day that I had to throw out. Tasted like cardboard but I guess it won't kill you.
by big easy
25 Jan 2018 00:20
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 58
Views: 3240

Re: NAFTA is dead. So now what?

https://www.producer.com/2018/01/dairy-farmers-can-tpp-signing-somber-day/ Dairy farmers call TPP signing a ‘somber’ day The TPP-11 could mean hundreds of millions or billions in new agri-food sales to Japan and other nations. The Canadian Cattlemen’s Association expects additional beef exports of ...
by big easy
15 Jan 2018 15:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2018 Predictions Contest
Replies: 33
Views: 1082

Re: 2018 Predictions Contest

I think it will either be a really good year or really bad one. I'm leaning towards a good one.

S&P500: 3,300
TSX: 18,000
GOLD: $1,400
OIL: $69
CAD: 0.81
by big easy
12 Jan 2018 18:13
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 76
Views: 2569

Re: Best Credit Card (2016-2018)

Nope. Mine expires in 2021 and I got the same notice.
by big easy
29 Dec 2017 16:09
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 641
Views: 111168

Re: Outstanding Financial Pornography

http://www.cbc.ca/news/business/cannabis-stocks-halts-1.4467709 Vahan Ajamian, a research analyst with Beacon Securities Ltd., said the sudden drops in cannabis companies' stock prices could be explained by year-end profit taking. "All these stocks have had a fantastic few days and months," he said...
by big easy
25 Dec 2017 17:59
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14982

Re: Housing Bust 2017

Many world class cities have much bigger populations than Toronto or Vancouver, yet do not have that much land which can be used for housing development. They have learned to cope, and indeed do very well. Surely, the solution to the problems in both Toronto and Vancouver is not to try to limit gro...
by big easy
24 Dec 2017 11:44
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Mutual Fund vs. ETF
Replies: 7
Views: 462

Re: Mutual Fund vs. ETF

I've got a whack of TD e-series in taxable accounts with big capital gains. I am now stuck paying 0.3-0.5% MERs on them because I don't want to sell and trigger the capital gains tax. That said, I've got big capital gains :D . Stay the course, don't trade frequently and you'll be fine either way. If...
by big easy
23 Dec 2017 21:35
Forum: Financial Planning and Building Portfolios
Topic: Auto insurance: 1 million or 2?
Replies: 44
Views: 10211

Re: Auto insurance: 1 million or 2?

http://bc-injury-law.com/blog/category/icbc-brain-injury-cases-british-columbia-personal-injury-law “Mild” Concussion Leads to $5.9 Million Judgement January 20th, 2014 I can put it no better myself than the beginning of the judgement which reads “Occasionally a seemingly innocuous event can have t...
by big easy
22 Dec 2017 11:23
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14982

Re: Housing Bust 2017

As pointed out upthread, I want my hard working kids to live where they were born and near me - but I guess that's being entitled. No. Its closer to being unrealistic. But two quotes come to mind: "Everybody has a plan until they get punched in the face." "Don't spend time beating on a wall, hoping...
by big easy
21 Dec 2017 15:51
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14982

Re: Housing Bust 2017

I don't mind taking money off foreigners in these kinds of instances, if they are stupid enough to throw it around, but there is a lot of significant collateral damage, namely that this artificial demand has driven up housing prices, especially condos in places like GVR and GTA, and shut hard worki...
by big easy
19 Dec 2017 16:00
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14982

Re: Housing Bust 2017

5% of properties owned by foreigners does not sound like a lot but if it was 1 or 2% ten years ago, that puts a different face on it. I wonder what percentage of sales were to foreign buyers in recent years? Maybe CHMC and the RE boards have a vested interest in downplaying the role of foreign owner...
by big easy
12 Dec 2017 15:51
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 26
Views: 782

Re: Saving for down payment in roughly 5 years

I think the same logic applies to RESPs. When my kids entered high school I started transitioning the equities to fixed income. By grade 12 there will be no equities. You could do something similar with the house fund. Added: I guess it depends on whether you have a fixed date in mind or you can con...
by big easy
09 Dec 2017 13:02
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 345
Views: 20668

Re: Clippings 2017

Not sure if this is the right place but there is a series of Barry Ritholtz interviews with investment gurus such as Burton Makiel, Bill Gross, Patrick O'Shaughnessy, Robert Shiller, Larry Swedroe, Rick Ferri, Meb Faber, Jeremy Siegel, Mohamed El-Erian, Jason Zweig, somebody named Jack Bogle and eve...
by big easy
07 Dec 2017 20:36
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 342
Views: 14982

Re: Housing Bust 2017

Interesting article in the G&M about money laundering in BC Casinos and speculation that it has helped fuel the real estate boom.

https://www.theglobeandmail.com/opinion ... e37252702/
by big easy
30 Nov 2017 16:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Rate reset preferred share ladder?
Replies: 19
Views: 701

Re: Rate reset preferred share ladder?

My taxable portfolio is chock-a-block with fixed rate preferreds Fixed rate preferreds aka perpetual preferreds? I've been wary of these because of the possibility of rising interest rates which would cause prices to fall at the same time the dividend becomes less attractive. Of course that scenari...
by big easy
24 Nov 2017 13:25
Forum: Financial News, Policy and Economics
Topic: gummy-stuff, eh?
Replies: 49
Views: 6199

Re: gummy-stuff, eh?

Looks like www.gummystuff.org has changed? Hello, my name is Gummy and I am an investment expert with many years’ experience trading stocks. I created this website for people who don’t like to keep their money in savings account and who actually want to take on the challenge of investing in differen...