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by AltaRed
27 Mar 2024 20:24
Forum: Financial Planning and Building Portfolios
Topic: Please help rate this portfolio
Replies: 4
Views: 189

Re: Please help rate this portfolio

Saintor wrote: 27 Mar 2024 20:02 I am moving away from bank stocks as they can stall for a long time. Although I did some money with NBC/BMO, I still have BNS with a loss of 20% since 2021. BMO is still down since the peak of 2022.
I can that recency bias. Most sectors have their time in the sun at various times. Cdn banks actually have rather good long term CAGR performance but why guess which sector might be 'best' in the future?
by AltaRed
27 Mar 2024 19:18
Forum: Financial Planning and Building Portfolios
Topic: Please help rate this portfolio
Replies: 4
Views: 189

Re: Please help rate this portfolio

I don't really see the value in duplication and overlap. Surely VOO and SCHD could be one holding. Also, like P_I, I don't understand having VDY plus some individual holdings. I would simplify it to one Canadian market ETF holding and one US market ETF holding.
by AltaRed
26 Mar 2024 16:43
Forum: Financial News, Policy and Economics
Topic: Inflation
Replies: 1010
Views: 155680

Re: Inflation

Over 200 homes were lost in the wildfires in the Okanagan area last year, mostly in/near the forest interface, which by anyone's definition is a disaster waiting to happen. You want to hear about insurance premiums? How about $28k for $2M home ? They went shopping for other providers and only one company was willing to insure them — at $28,000 per year for just the home in Traders Cove. The home is valued at about $2 million and was previously insured for about $6,000 per year. and why this is occurring Fundamentally, insurance is about risk. These are areas where, particularly in the Okanagan 20 years ago there was a fairly major fire in the area and 20 years later we are dealing with the exact same situation," said Rob de Pruis, nati...
by AltaRed
26 Mar 2024 14:27
Forum: Taxing Situations
Topic: Filing a Paper T1 Return
Replies: 9
Views: 107

Re: T1135 Form

scorpionman wrote: 26 Mar 2024 14:20 Yes. But I am using Turbotax to print a paper-filed return, so I'm not sure how it will look when printed.
Maybe ask your question in a 'Filing a Paper T1 Return' thread. Not that many members may be reading this thread on this specific form.
by AltaRed
26 Mar 2024 14:10
Forum: Taxing Situations
Topic: Filing a Paper T1 Return
Replies: 9
Views: 107

Re: T1135 Form

My view is
attach your supporting documents to your return
means just what it says. All supporting documentation.
by AltaRed
26 Mar 2024 14:03
Forum: Taxing Situations
Topic: Filing a Paper T1 Return
Replies: 9
Views: 107

Re: T1135 Form

I would imagine copies of everything as the link says. I didn't see the link providing exceptions.

A good incentive to Netfile both the T1 and T1135.

Added: Current statistics on filing types here. I pull up this link every few weeks each tax year to see how paper filing continues to drop each and every year.
by AltaRed
26 Mar 2024 13:36
Forum: Taxing Situations
Topic: Filing a Paper T1 Return
Replies: 9
Views: 107

Re: T1135 Form

A simple Google turns up what CRA says on the matter
by AltaRed
26 Mar 2024 12:36
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: T+1 Settlement is Coming! On May 28, 2024
Replies: 58
Views: 2695

Re: T+1 Settlement is Coming! On May 28, 2024

I fully understand what you are saying and agree when you 'implement' the way you implement. Years ago, I used to like to play the 'cat and mouse' game with limit orders priced between Bid and Ask. That practice lost its 'fun factor' after a number of years because it distracted me from doing other things with my time. The way around it is to buy at Ask, or Ask+1. The price has no time to run away from your Bid because you've already bought it in less than 1 second. You are in full control of the timing of order transaction. With T+1 settlement, it would mean not placing an equity order after 2:55pm or so in TDDI so that you can also place a HISA sell order before the 3pm cut off. Snowback's example is a bit different He knows exactly what ...
by AltaRed
26 Mar 2024 11:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: T+1 Settlement is Coming! On May 28, 2024
Replies: 58
Views: 2695

Re: T+1 Settlement is Coming! On May 28, 2024

Totally agree. For myself, whenever I buy stock, I first put in a bid and when it's accepted, I then look at the cash I have sitting in my account and figure out how much TDB8150 HISA I have to sell to have enough to cover the entire closing cost (that use to settle in 2 days). Enough time to sell the HISA to be sure I didn't have a bunch of cash sitting around making 0%. I sure ain't no day trader. ltr Let me challenge you on this thought. When a buy and hold investor is ready to buy an equity, why would you not put in a limit order at Ask and have it immediately filled? Or vice versa, at Bid when you sell? Presumably you are ready to buy/sell at the current price when you make the decision to enter an order and you will have already put ...
by AltaRed
26 Mar 2024 11:05
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: T+1 Settlement is Coming! On May 28, 2024
Replies: 58
Views: 2695

Re: T+1 Settlement is Coming! On May 28, 2024

The practical solution is to make the next investment a day after settlement for products that differ, e.g. equities to GICs, or GICs to HISAs, or HISAs to bonds, or whatever. That is a one day difference being 'out of market', or $13 in your example. Seriously, that is not any kind of hardship to anyone.
by AltaRed
25 Mar 2024 20:06
Forum: Financial Planning and Building Portfolios
Topic: Daughter’s LIRA?
Replies: 11
Views: 249

Re: Daughter’s LIRA?

Old_guy wrote: 25 Mar 2024 19:19 She is free to do as she pleases in the future. For now she has sought fatherly advice. She will likely seek my advice in the future.

Is that weird? I though it was normal.
I was mainly reacting to your comment of
and then have her switch to VDY (or simmilar) so she can get some income as she draws down the pile
None of us have any way of knowing what 10-20 years out looks like. By the time my children retire in 10 years or so, there is a good chance I will more likely be a liability, incompetent or otherwise. They won't be looking to me for any input on anything.
by AltaRed
25 Mar 2024 19:06
Forum: Financial Planning and Building Portfolios
Topic: Daughter’s LIRA?
Replies: 11
Views: 249

Re: Daughter’s LIRA?

Obviously it is up to the owner of the account to decide what is best for him/her. All we can do is make suggestions or recommendations with the pros and cons of each....some learning/teaching moments.
by AltaRed
25 Mar 2024 18:51
Forum: Financial Planning and Building Portfolios
Topic: Daughter’s LIRA?
Replies: 11
Views: 249

Re: Daughter’s LIRA?

Why would she not make her own decisions as she goes through life? She may want to be in crypto by then or some AI thing.
by AltaRed
25 Mar 2024 18:31
Forum: Financial Planning and Building Portfolios
Topic: Daughter’s LIRA?
Replies: 11
Views: 249

Re: Daughter’s LIRA?

There is no particular reason to invest in a Canadian 'only' dividend equity ETF at an early point in one's investing journey, even if the distributions were DRIP'd into more shares. I am biased* but I would support a global approach of either XEQT or VEQT and leaving it alone until close to retirement.

* My TFSA is fully invested in VEQT. It will be a legacy for heirs 10-20 years down the road when I go out 'boots first'.
by AltaRed
25 Mar 2024 17:41
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Moving money out of BMO InvestorLine is slow
Replies: 12
Views: 360

Re: Moving money out of BMO InvestorLine is slow

chipmonk wrote: 25 Mar 2024 17:25 My trade settled on Friday March 22, and the funds started showing up in the "Settled Cash" column in BMO IL as "$X CAD" on Friday evening… but I could not actually move the funds from the BMO IL CAD side (aka "Other 1") to my normal BMO bank chequing account until this morning (Monday).
Unless it is a 'different ownership', why you would not have your 'normal' BMO chequing account AccountLinked to your BMO IL CAD side. Why the intermediary Other 1?
by AltaRed
25 Mar 2024 16:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: VCIP (bonds) - why so awful?
Replies: 15
Views: 413

Re: VCIP (bonds) - why so awful?

It is important to show Total Return, not just share price in comparisons.
by AltaRed
25 Mar 2024 16:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 54
Views: 6056

Re: Best High Interest Savings ETF

Perhaps that is just the current end of the account 'contracts' Horizons has with those 3 providers. It has no meaning to anyone else, i.e. us as investors in CASH. CASH units are bought and sold every day in the market.
by AltaRed
25 Mar 2024 16:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Best High Interest Savings ETF
Replies: 54
Views: 6056

Re: Best High Interest Savings ETF

I do not know where are you reading that. The underlying holdings of CASH.TO are currently cash accounts with National Bank, Scotiabank and CIBC. ETF units are created and destroyed by Horizons on a daily basis. They are as liquid as 'cash' except for T+1 settlement. https://horizonsetfs.com/ETF/cash/#product-facts
by AltaRed
25 Mar 2024 15:58
Forum: Financial Planning and Building Portfolios
Topic: Investing my emergency fund
Replies: 12
Views: 274

Re: Investing my emergency fund

So, just to confirm, if I transfer my current position in CASH (I purchased 120 shares at $50.08, currently trading at $50.15), will I have an additional $6k contribution room next year in addition to the 2025 contribution room? Next year, you can put back in what you took out this year plus next year's contribution room. But if you sell CASH ETF in your TFSA, and buy VGRO with the proceeds, there is no "took out" or "put back in" to your TFSA happening, contribution room is not affected. The "if I transfer" could be clarified to "if I convert my TFSA holdings, and instead hold my EF in my non-registered (with the new funds)..." If you actually transfer CASH ETF in kind from TFSA to non-registered, t...
by AltaRed
25 Mar 2024 15:29
Forum: Financial Planning and Building Portfolios
Topic: Investing my emergency fund
Replies: 12
Views: 274

Re: Investing my emergency fund

Benjamin wrote: 25 Mar 2024 13:42 So, just to confirm, if I transfer my current position in CASH (I purchased 120 shares at $50.08, currently trading at $50.15), will I have an additional $6k contribution room next year in addition to the 2025 contribution room?
Next year, you can put back in what you took out this year plus next year's contribution room.
by AltaRed
25 Mar 2024 15:28
Forum: Financial Planning and Building Portfolios
Topic: Investing my emergency fund
Replies: 12
Views: 274

Re: Investing my emergency fund

Shante wrote: 25 Mar 2024 15:19 My personal assessment is in the minority on emergency funds, IT depends on how much flexibility one has. For someone living paycheque to paycheque with debt payments and some chance of losing employment, it is pretty close to Russian roulette to rack up even more debt and not have an emergency fund. I think it is situational.
by AltaRed
25 Mar 2024 13:31
Forum: Financial Planning and Building Portfolios
Topic: Investing my emergency fund
Replies: 12
Views: 274

Re: Investing my emergency fund

You cannot re-contribute what you take out this year until the next calendar year.
by AltaRed
25 Mar 2024 12:56
Forum: Taxing Situations
Topic: Attribution of Contributions from Joint Bank Account
Replies: 22
Views: 462

Re: Attribution of Contributions from Joint Bank Account

Peculiar_Investor wrote: 25 Mar 2024 12:47 Some minor clarification.
AltaRed wrote: 25 Mar 2024 12:31 Short answer, no, you are not allowed to gift your spouse funds for investment purpose (to earn investment income).
It is allowed however CRA rules require any investment income earned by the spouse must be attributed back to the person who gave the gift. It becomes an exercise to track and therefore is NOT the recommended approach.
Agreed. Lazy writing on my part. Mea culpa
by AltaRed
25 Mar 2024 12:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Moving money out of BMO InvestorLine is slow
Replies: 12
Views: 360

Re: Moving money out of BMO InvestorLine is slow

This document on T+1 settlement processes should help clarify what occurs. Look at section 6.3 and the process charts.