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by NormR
08 Oct 2017 23:36
Forum: Financial Planning and Building Portfolios
Topic: Derek Foster
Replies: 190
Views: 15195

Re: Derek Foster

Here's an argument that I'm not entirely unsympathetic to. The government sets up a system of taxes and benefit to guide people. Bad things get taxed - smoking, drinking, etc - while good things get subsidies - children, artists, etc. It hardly seems fair to complain when people take note and alter ...
by NormR
08 Oct 2017 16:38
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

BRIAN5000 wrote:
06 Oct 2017 11:49
Taggart wrote:
06 Oct 2017 10:23
NormR wrote:
05 Oct 2017 20:50
Gee tough crowd around these parts.
Do I get to criticize the other portfolios. Tit for tat, and all that. :wink:
I've always been rooting for you from far away in the background. You just don't know it.
:)
yup +1 :D but my hero used to be Robert Allen so I may not count
TY! :D
by NormR
08 Oct 2017 16:38
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

Taggart wrote:
06 Oct 2017 10:23
NormR wrote:
05 Oct 2017 20:50
Gee tough crowd around these parts.
Do I get to criticize the other portfolios. Tit for tat, and all that. :wink:
I've always been rooting for you from far away in the background. You just don't know it. :)
Thanks! :D
by NormR
08 Oct 2017 15:38
Forum: Financial Planning and Building Portfolios
Topic: Derek Foster
Replies: 190
Views: 15195

Re: Derek Foster

I am silly, arrogant and narcissistic for thinking my small contribution matters?! Hmm. It is the small contributions of millions of us who pay Derek Foster's child benefits that I resent, but I am happy to pay into a pension plan that supports people who themselves contributed all their lives or t...
by NormR
08 Oct 2017 13:39
Forum: Financial Planning and Building Portfolios
Topic: Derek Foster
Replies: 190
Views: 15195

Re: Derek Foster

Someone frugal enough could never work a single day in his life, living on welfare until 65, then on GIS/OAS. Retire at age 18! How about that? I know people on "disability". Your way might be paid for but it's a horrible lifestyle that leads to hopelessness. "My way"? Not at all. I was being sarca...
by NormR
07 Oct 2017 13:52
Forum: Financial Planning and Building Portfolios
Topic: Derek Foster
Replies: 190
Views: 15195

Re: Derek Foster

longinvest wrote:
07 Oct 2017 09:14
Someone frugal enough could never work a single day in his life, living on welfare until 65, then on GIS/OAS. Retire at age 18! How about that?
I know people on "disability". Your way might be paid for but it's a horrible lifestyle that leads to hopelessness.
by NormR
07 Oct 2017 13:49
Forum: Financial Planning and Building Portfolios
Topic: Derek Foster
Replies: 190
Views: 15195

Re: Derek Foster

Thanks. I didn't know TDDI carried news items from the G&M. Got all excited there for a moment realizing I could get a free read on Norman Rothery's "A value strategy seeking the most succulent returns". Unfortunately, when I clicked on it all I got was a list of stocks. The TLDR: Picking low multi...
by NormR
06 Oct 2017 13:16
Forum: Financial Planning and Building Portfolios
Topic: Investing styles
Replies: 228
Views: 18559

Re: Investing styles

By contrast, while a widely diversified portfolio may not have higher returns, I do expect it to have less volatility than a more specific style. That helps me keep my emotions under control. Seems like a big assumption that one couldn't find a lower-vol portfolio. High yield portfolios in Canada h...
by NormR
05 Oct 2017 20:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

Gee tough crowd around these parts.

Do I get to criticize the other portfolios. Tit for tat, and all that. :wink:
by NormR
19 Sep 2017 19:40
Forum: Financial Planning and Building Portfolios
Topic: Philosophy of dividend investing?
Replies: 354
Views: 15458

Re: Philosophy of dividend investing?

Think it would be better to look at a longer history, albeit 17 years covers 2 traumatic periods. I tend to agree with George that Canada's dividend payers are skewed to the financial sector, albeit I suspect Norm would argue a lot of energy/resource companies pay dividends (and included in the lis...
by NormR
19 Sep 2017 19:32
Forum: Financial Planning and Building Portfolios
Topic: Philosophy of dividend investing?
Replies: 354
Views: 15458

Re: Philosophy of dividend investing?

OTOH, I think Norm published an article recently showing that low PE was the best value factor in Canada over the past 15 years. Unfortunately, it's behind a pay wall. But ISTR reading the hard copy. https://beta.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/value-investing/value...
by NormR
19 Sep 2017 19:30
Forum: Financial Planning and Building Portfolios
Topic: Philosophy of dividend investing?
Replies: 354
Views: 15458

Re: Philosophy of dividend investing?

My first reaction is that investing in Canadian dividend-payers is a very concentrated strategy. It achieved a high rate of return over the period you cover. But I would fear that the lack of diversification might make the strategy vulnerable in downturns. Out of curiosity, how much of the out-perf...
by NormR
19 Sep 2017 15:52
Forum: Financial Planning and Building Portfolios
Topic: Philosophy of dividend investing?
Replies: 354
Views: 15458

Re: Philosophy of dividend investing?

Sticking to dividend payers on the TSX has been a good idea over the 17 years through to the end of 2016. Total return CAGRs shown, annual rebalancing, equal-weight portfolios, selected from the top 300 stocks by market cap Portfolio of dividend payers: 12.1% Non-dividend payers: 4.1% By way of comp...
by NormR
17 Jul 2017 16:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: HBF (Brand Leaders Plus Income ETF)
Replies: 3
Views: 354

Re: HBF (Brand Leaders Plus Income ETF)

fireseeker wrote:
17 Jul 2017 16:03
HBF MER: 1.58
LOL. I had to check that fee to makes sure it was true. That's insanely high for an ETF.
by NormR
01 Jun 2017 12:15
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stingy Investor
Replies: 262
Views: 22583

Re: Stingy Investor

A few days ago Norm had an article in Moneysense magazine. Making long-term return forecasts So, if you read the article he's predicting a nominal return for equities at 6%. It's just a guess - and it may well be an optimistic one given the no change in P/E assumption. (Particularly when it comes t...
by NormR
23 May 2017 11:23
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 41
Views: 1679

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. LOL! There is something to be said in favour of simple rules even if they prove to be less than ideal in som...
by NormR
22 May 2017 10:54
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 225
Views: 13340

Re: Clippings 2017

It's worth remembering that the SI calculator is based on annual data. The peak to bottom based on monthly/daily/intra-day data will be larger - often a sizable margin.
by NormR
19 May 2017 19:18
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

Using just a static high dividend yield policy may work fine in a tax free environment, but for someone like myself who has all their individual Canadian stocks in a taxable account, I don't think it would work out too well. Plus I would always be worried about dividend cuts from these highest yiel...
by NormR
16 May 2017 22:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

In constructing an index, using geometric weights is the equivalent of using arithmetic weights of the logarithms of the values, and then exponentiating. This serves to reduce the impact of more extreme values. In practical terms, this reduces the relative weight of companies with very large market...
by NormR
16 May 2017 19:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

Frankly, I'm still trying to get my head around the interpretation of a geometric index and how it differs from an arithmetic one. Assistance on the topic would be appreciated. An important and much-overlooked issue. A geometric average depends entirely on the first and last point in a time series....
by NormR
16 May 2017 15:29
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

There was a study done on investing in Canadian dividend growth stocks compared to other strategies, but it's a few years old now. Could be time dependent. Dividend fans have more reason to rejoice JOHN HEINZL The Globe and Mail Published Monday, Apr. 04, 2011 7:17PM EDT Last updated Monday, Sep. 1...
by NormR
16 May 2017 12:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 729
Views: 51565

Re: Power of Dividend Growth 2011 (and beyond)

In Canada, DG may be more effective than in the US because of the peculiarities of our market: it tends to eliminate cyclicals. May being the operative word. I'm not aware of a Canadian study on the subject. More importantly, I'm not aware of a U.S. study on the subject based dividend-per-share gro...
by NormR
27 Apr 2017 12:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 263
Views: 14060

Re: Home Capital Group (Symbol-HCG)

Someone on another site gave mention of the movie "The Big Short". What was that all about? Watched the online trailer and realized I've got to order this movie from the library. I'll release it when I have enough time to watch it. I was at a conference last week, which reminded me of the long/shor...
by NormR
08 Mar 2017 23:56
Forum: Under the Mattress: Protecting Your Money
Topic: Stability of Manitoba credit unions?
Replies: 24
Views: 683

Re: Stability of Manitoba credit unions?

You may be surprized to learn CDIC is not backed by the federal printing presses. CDIC is a crown Corp. It is not guaranteed by the federal government. Failure of a financial institution are covered by premiums paid by member institutions in CDIC. Is it possible the federal government would step in...