Search found 1253 matches

by schmuck
24 Mar 2024 15:13
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2024)
Replies: 200
Views: 16783

Re: High interest savings, GICs and MMFs (2024)

BRIAN5000 wrote: 24 Mar 2024 14:39
I believe the best US 1 year GIC at TDDI is 4.75% at the moment
If that's the best you can get in a 1 year US GIC, you might want to consider TDB2915 at 5.35%, which fluctuates daily and will probably trend lower over a year, not unlike TDB8152.
https://www.td.com/ca/en/asset-manageme ... undId=7217
by schmuck
14 Mar 2024 12:40
Forum: Retirement, Pensions and Peace of Mind
Topic: The government is considering changing investment objectives for CPP
Replies: 35
Views: 1507

Re: The government is considering changing investment objectives for CPP

Peculiar_Investor wrote: 14 Mar 2024 10:42 Thanks for providing this historical context. Much appreciated Bruce.
Ditto :thumbsup:
by schmuck
10 Mar 2024 21:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BCE (Symbol-BCE)
Replies: 1860
Views: 286355

Re: BCE (Symbol-BCE)

Descartes wrote: 10 Mar 2024 10:22 Just an FYI, the date of record for the next dividend payment is March 15.
So if you think a lot people are just holding on to get that last dividend payment before dumping it, you might want to factor in the ex-div date this week in your own sell/buy decision.
According to TDDI, the X-div date is March 14, but the pay date isn't until April 15.
by schmuck
06 Mar 2024 22:10
Forum: Financial News, Policy and Economics
Topic: Federal Budget 2024
Replies: 20
Views: 1294

Re: Federal Budget 2024

I know I have posted this elsewhere but Andrew Coyne's opinion piece of Canada is no longer one of the richest nations has a lot of data on what has fallen into the abyss in recent years in particular. We need a government with a real vision for picking up this country by the bootstraps with far better deficit management before it hits crisis levels. Just take the charts in that link and project them out on a similar slope for another 10-15 years and you may not sleep well tonight. Sadly, I suspect that chart (the first of the 3 in the article) is even worse than indicated because it does not include the last two years. Interestingly, it held fairly steady for 22 years, throughout the Chretien-Martin era and almost to the end of Harper's 6...
by schmuck
29 Feb 2024 15:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you Buy? What might you buy? (2024)
Replies: 49
Views: 6675

Re: What and why did you Buy? What might you buy? (2024)

Bought DXJ (Wisdom Tree Japan ETF) in a couple of family TFSAs with cash that has been stuck in money markets for some time.

I'm ok with higher risk in TFSAs than in taxable accounts, and as our TFSAs are overweight in QQQ and VGT, I felt it wouldn't hurt to add some diversity. Funds like VEA or VXUS might be ok as long-term holds in RIFs and taxable accounts but they include some regional areas that I'm not crazy about, especially in TFSAs. The Japanese economy seems to be recovering and DXJ has regularly outperformed most other Japanese ETFs.
by schmuck
23 Feb 2024 14:33
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

hamor wrote: 23 Feb 2024 13:42
I am not willing to write a book on the subject, but I firmly believe that the youth of today is in much worse shape economically, compared to boomers' youth (in Canada). An entry level job today (if you can find it) doesn't pay for basic necessities.
There are other options.
https://www.linkedin.com/pulse/why-russ ... m-tripathi
by schmuck
23 Feb 2024 12:49
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

This generational warfare discussion has been repeated many times and gets old . Annoying might be more appropriate, at least for those targeted. But what'd ya know, just learned that I'm not a boomer after all. According to stats on the subject, I'm a pre-boomer, which puts me in the "post-war" or even the "silent" generation...didn't know there were such categories. Anyway, in fairness to boomers, not all have gorged themselves at the expense of others. Many have made enormous contributions to their country and they have every right to be annoyed at accusations from resentful post-boomers or latecomers to this country who are now benefiting from contributions by previous generations...regardless of how flippant those ...
by schmuck
22 Feb 2024 14:21
Forum: Financial News, Policy and Economics
Topic: Nikkei 225
Replies: 23
Views: 909

Re: Nikkei 225

There is no particular reason why Canada could not become dead money given our penchant for productivity decline, putting obstacles in the way of industrial development and foreign investment in general. Many of our Canadian large caps have more or less abandoned further investment in Canada for greener pastures. Sad but true. We have benefitted tremendously from our abundance of natural resources for 150 years, and at times, more than any other country in the world. Regardless of how times change, any transition to a more balanced economy cannot be forcefully achieved at the whim of politicians without viable strategy and opportunities. So far, we're not off to a good start. I consider myself lucky to have gradually shifted more of our ho...
by schmuck
16 Feb 2024 16:35
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

I semi-retired 20 years ago and fully retired 15 years ago, and like Arby, our portfolios have grown substantially since then. My only regret is that my wife and I contributed to RRSPs much longer than we should have as our taxable income is now higher than it ever was during our earlier years. Gifting to our kids has helped to reduce our income somewhat, but they are now approaching consequential tax levels and I have advised them not to fall into the same RRSP trap.

The government giveth and taketh away...unfortunately, often the latter.
by schmuck
13 Feb 2024 17:16
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

I think the majority of pundits keep saying the TSX should increase relative to the US S&P500 this year based on valuation multiples (metrics) but I am not so sure. Governments are supposed to not affect the market all that much because they are short lived (1-2 terms) but our government has been especially punitive towards our corporate sector for 8+ years now, as in big bad banks, big bad telecoms, greedy grocers, evil O&G and inability to get pipelines in the ground in a cost effective and timely manner. There isn't much in our primary economic base the government has not introduced headwinds on, so I am not convinced the TSX will "shine" this year. I guess I haven't heard those pundits and with Ottawa having those sec...
by schmuck
13 Feb 2024 14:38
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

Had been hoping for an uptrend in high-yielding Canadian stocks with expectations of lower rates somewhere down that not-too-distant winding road. However, as that scenario seems to be stalling with evermore speed bumps, my patience has been wearing thin and I started selling some banks, utilities, pipes and telcos a couple of weeks ago and switching to US ETFs like VTI/VUN, VGT, and QQQ. That has been limited to registered accounts to avoid cap gains hits in margin accounts. While it would have been nice to have waited til today to buy those US ETFs, at least they've held up better than the Canadian stuff, and I did manage to get semi-stink bids filled for Amazon and Now Service this morning in a couple of TFSA accounts. I'm also getting m...
by schmuck
12 Feb 2024 15:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you Buy? What might you buy? (2024)
Replies: 49
Views: 6675

Re: What and why did you Buy? What might you buy? (2024)

Bought back the CCO (Cameco) that I trimmed a month ago about 12% cheaper than what I sold it at. Not surprisingly, it seems to sell off from profit-taking rather regularly after reaching new highs. While this has worked for me a couple of times along the way, such patterns seldom last, and it's probably just a matter of time before I get sucked in. That's why helps to consider it play money :wink:

Anyway, I'm bullish on uranium as I see it as the ultimate energy choice for the future.
by schmuck
03 Feb 2024 20:44
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth, 2023 (and beyond)
Replies: 85
Views: 7695

Re: Power of Dividend Growth, 2023 (and beyond)

OnlyMyOpinion wrote: 03 Feb 2024 16:02
sydney2 wrote: 03 Feb 2024 15:43 haven’t posted for a long time and great to be back.

I’m a constant reader, a financial webring , and still find lots of interesting investing ideas… I am still investing for my adult kids RSP’s.
Wow, no kidding - its been nearly 10 years!
Glad retirement appears to have treated you well.
Great to see you back. :thumbsup:
ditto :thumbsup:
by schmuck
02 Feb 2024 13:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Frothy Equity Markets
Replies: 1395
Views: 155882

Re: Frothy Equity Markets

JaydoubleU wrote: 02 Feb 2024 09:30
And speaking of Canada, what is wrong with this country that we can't be stressing about frothy markets and what to do with ten baggers?? :?
It seems everything is broken, unaffordable, unsafe, divided.... :(
by schmuck
31 Jan 2024 17:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you Buy? What might you buy? (2024)
Replies: 49
Views: 6675

Re: What and why did you Buy? What might you buy? (2024)

Picked up modest amounts of MSFT and VTI in kids TFSA accounts just before market close today...just in case today's sell-off was a one-off. :wink:

Basically, just deploying cash that had been stuck in US money market funds whose rates are likely to start trending down sometime this year.
by schmuck
22 Jan 2024 20:04
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10331

Re: Clippings 2024

Bylo Selhi wrote: 22 Jan 2024 16:45
kcowan wrote: 22 Jan 2024 16:16 CT had one model 30 for online banking and the other for general processing. They bought the 145 to consolidate both on one machine with the banking running on a virtual machine.
Thanks. Amazing what those boxes could do. We probably have more computing power in our toasters today than was in the mod 30 back in the day.

And the toasters are much smaller, way cheaper and use far less AC power too ;)
And would be totally useless, along with post-1980 cars and all other solid-state electronics stuff after an accidental or intentional EMP surge. I hear the preppies have been driving up the price of pre-1980 cars...Cuba could be sitting on a goldmine. :rofl:
by schmuck
15 Jan 2024 15:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

With occasional news reports like the recent one from Kazakhstan that its production capacity will fall short of demand, I'm reluctant to go below two-thirds of my uranium stake at any time. To the chagrin of Russia, China is likely to grow its share of the Kazakhstan output substantially. https://en.pressbee.net/show1994239.htm ... -s-uranium

So far my U holdings have been limited to CCO, but also have NXE on my watchlist, along with some of the Sprott funds.
by schmuck
12 Jan 2024 11:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

Sold one-third of our Camico (CCO) holdings after this morning's surge as it had more than doubled. Hoping to buy some back cheaper if/when it retreats.
by schmuck
11 Jan 2024 14:35
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2024 Predictions Contest
Replies: 39
Views: 3293

Re: 2024 Predictions Contest

DenisD wrote: 11 Jan 2024 14:31
schmuck wrote: 11 Jan 2024 14:19TSX: 2135
Typo?
Thanks Denis :thumbsup:
by schmuck
11 Jan 2024 14:19
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2024 Predictions Contest
Replies: 39
Views: 3293

Re: 2024 Predictions Contest

S&P 500: 5060
TSX: 21350
OIL: 78.30
GOLD: 2110
CAD: 74.00
by schmuck
05 Jan 2024 21:32
Forum: Financial Planning and Building Portfolios
Topic: How did you do in 2023?
Replies: 97
Views: 7491

Re: How did you do in 2023?

Not exactly sure how I did in 2023 as I shifted a bunch of $ around from proceeds of some RE limited partnerships sales and the purchase of some other RE property that I'm too lazy to figure out just yet, especially since I'm pretty sure the performance of my stocks were shy of my targets. That's mainly because I'm still holding a lot of utilities, telcos, pipes, and banks that did not fare well with rising rates...but I'm hopeful they will rebound in 24 with the likelihood of rates trending lower. :wink:
by schmuck
22 Dec 2023 12:48
Forum: Under the Mattress: Protecting Your Money
Topic: TDB8150
Replies: 44
Views: 23467

Re: TDB8150

Unwise wrote: 22 Dec 2023 08:08
LAJ wrote: 22 Dec 2023 07:36 Was I hallucinating or didn't TDB8150 used to have a minimum initial investment of $1000?
You are not hallucinating: https://web.archive.org/web/20230330145 ... solutions/
Thanks for the heads-up, as the same appears to apply to TDB8152 for US accounts.
I just placed an order for less than $1,000 in a US TFSA act and it has been accepted.
by schmuck
21 Dec 2023 13:59
Forum: Financial Planning and Building Portfolios
Topic: Stocks versus ETFs
Replies: 102
Views: 6779

Re: Stocks versus ETFs

Not sure if posters with individual stock portfolios are just keeping to themselves because of this or not. hehe, good one Brian5000 - posters just don't want to get VBAL'd ltr It does seem rather religiously oppressive around here with all of the V-BALLERS. But I am sure they mean well and don't wish to burn all of the remaining heretics... Well, reasonably sure, anyway. ;) Yea, I'm also sure they are meant well, but the occasional vehemence in that regard makes it sound like they are intended for novice investors or that anything other than passive investing is an unpleasant task. That is not necessarily the case, and there would be little need for this forum if it was. Some of us are quite comfortable with stock-picking and don't have t...
by schmuck
20 Dec 2023 23:51
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2023
Replies: 321
Views: 26383

Re: Housing Market 2023

nisser wrote: 20 Dec 2023 20:44 GDP remains flat yoy but population up by ~4%, no increased housing supply/healthcare/infrastructure/schools...what a disaster this country is running into.
We're home alone folks. There's no adult in charge. :(
by schmuck
16 Dec 2023 21:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2023)
Replies: 104
Views: 15392

Re: What and why did you sell? What might you sell? (2023)

Y'all are assuming I have decided to sell and that it will be imminent. What I said was I might have to get serious about dumping the telecoms. They have only delivered dividends for the most part, BCE, as an example, is at the same market price as it was in Nov 2014. The dividend tail appears to be wagging the dog! It is a reasonable thought process to consider selling something that is, more or less, at the same stock price today as it was 10 years ago, and actually considerably less so in real terms. I stated the reasons for doing so, and that is what this thread is for. It was not meant to create a bun fight. No bun fight intended. I was aware of what you said and I was contemplating more about my own predicament, and perhaps other pos...