Search found 2717 matches

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: 176

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: 22296

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: 1532

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: 148
Views: 8019

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: 683
Views: 48760

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: 683
Views: 48760

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: 683
Views: 48760

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: 683
Views: 48760

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: 683
Views: 48760

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: 261
Views: 12884

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: 605

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...
by NormR
08 Mar 2017 11:14
Forum: Under the Mattress: Protecting Your Money
Topic: Stability of Manitoba credit unions?
Replies: 24
Views: 605

Re: Stability of Manitoba credit unions?

I trust them about as much as I trust Icelandic banks except the MB outfits can't print their own money. They should be fine in a modest downturn but all hell might break loose in a big crash. Too risky for me, but other people seem to enjoy picking up nickles in front of steamrollers.
by NormR
03 Feb 2017 13:36
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources
Replies: 465
Views: 84088

Re: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources

NormR wrote:Thanks to a sneak preview by Norbert, my Asset Mixer and Periodic Table have been updated to reflect nominal return data for 2016. 8)
Thanks to Norbert, I've just added real return data for 2016.
by NormR
29 Jan 2017 22:47
Forum: Financial News, Policy and Economics
Topic: us treasury yield curve chart link
Replies: 4
Views: 373

Re: us treasury yield curve chart link

(Note that the implied inflation is the difference between the nominal and real returns on a 30 year government bond. That includes a premium for insurance against unexpected inflation as well as the expected inflation. That suggests that expected inflation is less than 1.5% per year for the next 3...
by NormR
06 Jan 2017 13:44
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources
Replies: 465
Views: 84088

Re: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources

Thanks to a sneak preview by Norbert, my Asset Mixer and Periodic Table have been updated to reflect nominal return data for 2016. 8)
by NormR
19 Dec 2016 21:34
Forum: Financial Planning and Building Portfolios
Topic: Investing styles
Replies: 193
Views: 17282

Re: Investing styles

I hope Norm Rothery does not read that. It would r e a l l y wreck his Christmas. I might have retweeted the article when it was first published. I also invested in the period in question and have some familiarity with it. Value has had many 10+year periods of underperformance as I mentioned in ......
by NormR
15 Dec 2016 14:59
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: "Hot Potato" anyone??
Replies: 86
Views: 6164

Re: "Hot Potato" anyone??

A quick return update: A Hot Potato feast
by NormR
04 Dec 2016 20:59
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: "Hot Potato" anyone??
Replies: 86
Views: 6164

Re: "Hot Potato" anyone??

The "Hot Potato" theory you describe shouldn't be allowed to use that name, because it seems to me to be no more than a variation of market timing using index funds. I think the name is pretty good, if I do say so myself. It expresses some of the essence of the strategy while being a bit cheeky and...
by NormR
03 Dec 2016 13:03
Forum: Financial Planning and Building Portfolios
Topic: When odds are in your favour
Replies: 71
Views: 2766

Re: When odds are in your favour

It's hard to apply the Kelly approach to the market because (apart from a few specialized cases) it's hard to calculate the odds correctly. As a result, one should generally under bet. IIRC, "half Kelly" is rather common rule of thumb.
by NormR
03 Dec 2016 12:54
Forum: Financial Planning and Building Portfolios
Topic: When odds are in your favour
Replies: 71
Views: 2766

Re: When odds are in your favour

A link to Ian's article, which is behind the G&M paywall: http://www.theglobeandmail.com/globe-in ... e33183678/
by NormR
03 Dec 2016 12:51
Forum: Financial Planning and Building Portfolios
Topic: When odds are in your favour
Replies: 71
Views: 2766

Re: When odds are in your favour

See https://en.wikipedia.org/wiki/Kelly_criterion

Depending on the setup, one also has to factor in the probability that the game is rigged in some way. But I'm off to read the article before commenting further. :)
by NormR
02 Dec 2016 23:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: "Hot Potato" anyone??
Replies: 86
Views: 6164

Re: "Hot Potato" anyone??

A few notes. 1. EWC didn't make an impact until near the end. So, the results should be similar to a similar U.S. method http://www.optimalmomentum.com/gem_trackrecord.html 2. The S&P500 is a poor benchmark for the approach. 3. It certainly doesn't outperform each - or a blend of all - of its consti...
by NormR
18 Oct 2016 14:10
Forum: Retirement, Pensions and Peace of Mind
Topic: Sustainable Withdrawal Rates
Replies: 608
Views: 88106

Re: Sustainable Withdrawal Rates

Thank you for the link to Estrada's paper. From Exhibit 4, I note that a 4% withdrawal rate, historically, has been completely safe for Canada and New Zealand, and pretty safe for Australia, the U.S., the U.K. (all Anglo-American countries), and also for South Africa and Denmark (perhaps an honorar...
by NormR
13 Aug 2016 13:25
Forum: Financial News, Policy and Economics
Topic: Clippings 2016
Replies: 189
Views: 12533

Re: Clippings 2016

Btw, I got the article from Moshe A. Milevsky's twitter. So, follow both @RetirementQuant and @NormanRothery and pay attention to Prof Milevsky's objections. Your twitter links are both to yourself, you narcissist: I think you meant https://twitter.com/RetirementQuant LOL, oops, corrected. :)