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by BRIAN5000
16 May 2017 12:00
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13204

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

I'd buy a Home Trust GIC if indeed HT also moves up to those rates. When you buy a GIC from Oaken I thought you were with Home Trust? On the Oaken website Each deposit is available through either Home Bank or Home Trust Company, both of which are separate members of CDIC. Separate website for Home ...
by BRIAN5000
15 May 2017 15:14
Forum: Under the Mattress: Protecting Your Money
Topic: GICs not coming from the big banks and the Home Capital saga
Replies: 10
Views: 579

Re: GICs not coming from the big banks and the Home Capital saga

Oaken is looking for money :shock:

Guaranteed Investment Certificates (GIC)

Long-term GICs

Term 5 Year
Annual compound or annual pay 2.60
Semi-annual 2.55
Monthly 2.50
by BRIAN5000
12 May 2017 17:47
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13204

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

As part of our commitment to making customers the first to know about our rate changes, please note that effective Monday, May 15, 2017, we'll be increasing our interest rates for the following terms: 1 Year GIC – 2.10% (currently 2.00%) 18 Month GIC – 2.20% (currently 2.10%) 2 Year GIC – 2.30% (cur...
by BRIAN5000
12 May 2017 01:10
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 613
Views: 105272

Re: Outstanding Financial Pornography

The outperformance of smaller sectors and the outsized contributions of a few stocks makes the case for active stock picking rather than passive investing, said Norman Levine, managing director at Toronto-based Portfolio Management Corp. “People think that they get broad diversification by investin...
by BRIAN5000
11 May 2017 20:26
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 613
Views: 105272

Re: Outstanding Financial Pornography

The outperformance of smaller sectors and the outsized contributions of a few stocks makes the case for active stock picking rather than passive investing, said Norman Levine, managing director at Toronto-based Portfolio Management Corp. “People think that they get broad diversification by investing...
by BRIAN5000
28 Apr 2017 12:21
Forum: Retirement, Pensions and Peace of Mind
Topic: Total Return or Distribution Income in Retirement
Replies: 42
Views: 1256

Re: Total Return or Distribution Income in Retirement

She spoke with The American College on these matters in an interview from 2012. I will summarize her key points here. He didn't write it and doesn't say if he agrees or not. I found it a very generalized article which could be countered many ways by individual circumstances or desired outcomes hard...
by BRIAN5000
06 Apr 2017 18:50
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13204

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

Has anyone linked Td brokerage Canadian investment cash account and Alterna bank or EQ bank. Any tips on setting it up. Often requested a void cheque sort of thing and no such thing for the Td. Not sure what you mean by this. I am at TDW with a linked checking account to another big 5 bank. I have ...
by BRIAN5000
06 Apr 2017 13:55
Forum: Retirement, Pensions and Peace of Mind
Topic: Financially uninterested spouse inheriting stock portfolio
Replies: 47
Views: 1657

Re: Financially uninterested spouse inheriting stock portfolio

IMHO almost equally important is you have someone in place as an advocate for health care before death. A spouse who has to handle the grief of someone being sick or incapacitated may need help to maintain finances as well not only in death. The bad part you may be just lucid enough to see financial...
by BRIAN5000
30 Mar 2017 10:52
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 184
Views: 3071

Re: CPP Deferral debate - Fred Vettese article discussion

Does anyone have a quick and simple rule to ascertain when the negative effect of accumulation of zero contribution years outweighs the positive effect of CPP postponement? StuBee This may have some info http://www.moneysense.ca/save/retirement/pensions/the-best-time-to-tap-into-your-government-pen...
by BRIAN5000
29 Mar 2017 23:58
Forum: Taxing Situations
Topic: Claiming educational expenses of a student.
Replies: 11
Views: 541

Re: Claiming educational expenses of a student.

Am I getting close? :roll: Yes. Keep in mind there's a different amount for the provincial credit, too. Well I see that option but on daughter's 2015 carry forward from Ufile there is only one box with $10,500 in it Provincial box is empty and on Daughters Notice of Assessment it says she has unuse...
by BRIAN5000
29 Mar 2017 23:02
Forum: Taxing Situations
Topic: Claiming educational expenses of a student.
Replies: 11
Views: 541

Re: Claiming educational expenses of a student.

This should be an easy question. My daughter has a $10500 Tuition carry forward from 2015. She made about $40,000 last year so she has to use the whole $10,500 for 2016? If some of the carry forward reduced her tax to zero then the remainder could have been carried forward to 2017? Am I getting clos...
by BRIAN5000
29 Mar 2017 18:59
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 184
Views: 3071

Re: CPP Deferral debate - Fred Vettese article discussion

I guess a rather obvious thing about delaying CPP & OAS at anytime within the CPP & OAS rules you can change your mind. If you decide to draw it down sooner than the latest time possible maybe no harm. Lots of investment decisions don't seem to have this option.
by BRIAN5000
21 Mar 2017 18:35
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 184
Views: 3071

Re: Clippings 2017

gaspr wrote:
21 Mar 2017 16:09
A good longevity illustrator

http://www.longevityillustrator.org/Profile?m=1
Very Good link :thumbsup:
by BRIAN5000
16 Mar 2017 18:19
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Backdoor Rent Increase?
Replies: 17
Views: 590

Re: Backdoor Rent Increase?

He came up to our unit to the get the new agreement signed so we didn't really have a choice.
What he just showed up at the door one night unannounced, smart, did he come in as well sit and chat? (aka have a look around)
by BRIAN5000
16 Mar 2017 17:48
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Backdoor Rent Increase?
Replies: 17
Views: 590

Re: Backdoor Rent Increase?

He wasn't going to renew if that new clause wasn't ticked and initialed. If no one renews it went to a month to month before you signed the new clause, you didn't want month to month? Now he doesn't have to give you notice, it's been given? Phone the Tenancy Branch and see what they say maybe would...
by BRIAN5000
14 Mar 2017 15:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 174
Views: 18641

Re: What did you Buy? What might you buy? (2017)

This was only a 5% drop for TD, on average there are three 5% drops per year over the last 110 years, someone ring a bell when it breaks $55.
by BRIAN5000
14 Mar 2017 11:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dividend and distribution hikes (2017)
Replies: 134
Views: 14324

Re: Dividend and distribution hikes (2017)

Don't see this listed but I may have missed it being reported. Coca Cola (NYSE: KO) declared a quarterly dividend of $0.37 per share, or $1.48 annualized. This is a 5.7% increase from the prior dividend of $0.35. This was the company's 55th consecutive annual dividend increase. The dividend will be ...
by BRIAN5000
12 Mar 2017 23:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 555
Views: 37461

Re: Canadian Banks

George is right. More simply put Tied selling in the context of Canadian banks is telling a client the bank will only approve a mortgage if the client moves their investments to the bank or its subsidiary. Saying the client can get a better rate if they move the busiess is not tied selling but bund...
by BRIAN5000
12 Mar 2017 18:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: bond etfs
Replies: 31
Views: 1428

Re: bond etfs

Hopefully AltaRed will have some comments because he used to hold ZCM I think it should be a contender, they should chop the Mer on this.
by BRIAN5000
11 Mar 2017 12:09
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 555
Views: 37461

Re: Canadian Banks

The CU contacted me and said they would give me a better rate is I transfer This type of salesmanship is illegal it's called tied selling. Does this apply to CUs? (And I guess the regs would vary province to province). I thought tied selling prohibitions was a federal bank act thing. Now only if th...
by BRIAN5000
11 Mar 2017 02:20
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 555
Views: 37461

Re: Canadian Banks

About 10 years ago I had a CU mortgage on a rental property. I was working on transferring the mortgage to ING who had a much superior interest rate. The CU contacted me and said they would give me a slightly better rate if I would transfer my investments to their collateral brokerage arm and took ...
by BRIAN5000
10 Mar 2017 14:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 555
Views: 37461

Re: Canadian Banks

My experience on the front lines and in talking to former colleagues is that there is a lot of pressure for sales quotas on tellers.
I don't get much any hassle from Tellers, mostly from small Branch managers and one level below.
by BRIAN5000
10 Mar 2017 14:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 174
Views: 18641

Re: What did you Buy? What might you buy? (2017)

I'm starting to find that $2 here or there is really minor in the overall gains of the portfolio. If your talking about an overall transaction on $5 - 10,000 sure $2.00 isn't much if your refering to per share that's a little different. I hold just over a total of 40,000 shares (all shares in each ...
by BRIAN5000
10 Mar 2017 12:30
Forum: Financial News, Policy and Economics
Topic: Historic Stock Market Levels
Replies: 34
Views: 819

Re: Historic Stock Market Levels

At these interest levels FI is useless in taxable accounts once you tax it back each year and adjust for risk, and I am completely unwilling to commit new funds at historic market levels.
Everyone is in the same boat, breaking even or eeking out a 1-3% real return is all I hope for.
by BRIAN5000
09 Mar 2017 12:38
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 1083
Views: 75093

Re: Preferreds

I will guess James doesn't like them because they are 5 year money (likely to be called) and thus quite like 5 year GICs. These seem like souped-up rate resets to me. But if rates were to start rising rapidly, it could be worthwhile for them not to cash out, if I understand them correctly. Seems un...