Search found 12159 matches

by AltaRed
23 Apr 2017 23:37
Forum: Financial Planning and Building Portfolios
Topic: Ultra Aggressive Portfolio Advise
Replies: 10
Views: 237

Re: Ultra Aggressive Portfolio Advise

Just that Mawer outperforms these etf's You are comparing apples to oranges if you are comparing them to XIC and XAW. If your IPS says that you want to be disproportionately higher than global weighting in small caps and emerging markets, then okay maybe I understand havin those specific funds. If ...
by AltaRed
23 Apr 2017 13:38
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 410

Re: Questions for my Fin. Advisor

I think the lesson that can be learned here is the OP has tax considerations that they consider important. Those should be part of the agreement with the discretionary manager, plain and simple. From where I sit, it would seem that the OP would potentially like to earn less in order to maintain the...
by AltaRed
23 Apr 2017 12:31
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 410

Re: Questions for my Fin. Advisor

Sorry, based on what's been posted so far, I don't see anything wrong. It does depend on what is stated in the, most likely, KYC form. We don't have those details but I still don't give the FA a free pass. The OP obviously has had an 'acceptable' relationship with her FA in the past so I would have...
by AltaRed
23 Apr 2017 11:20
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 410

Re: Questions for my Fin. Advisor

You are right IF the IPS had tax consequences/considerations in it but I've seen a number of these things before in a prior life (albeit I've never had a discretionary management arrangement), and they were devoid of anything with tax implications. Which if not, does give the advisor free rein. Rega...
by AltaRed
23 Apr 2017 10:47
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 22
Views: 410

Re: Questions for my Fin. Advisor

First point. You will not be penalized for under payment of installment payments. As long as you meet CRA's requests, there is no penalty. However, with the large cap gains taxes now to be paid, it will mean your Sept and Dec installment payment requests will be a lot larger than you will have paid ...
by AltaRed
23 Apr 2017 10:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Liquidity of Preferred Stocks
Replies: 3
Views: 161

Re: Liquidity of Preferred Stocks

Welcome to the forum. You might peruse the last 10 pages or so of the Preferred Shares thread for some answers. But to respond directly, the prefs trade on the stock exchange just like common equity does BUT volume is quite low in comparison and Bid/Ask spreads can be significant. The best suggestio...
by AltaRed
23 Apr 2017 10:18
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: 16 new housing measures. [Ontario]
Replies: 24
Views: 683

Re: 16 new housing measures. [Ontario]

I don't think it would be a major crisis for the major banks (especially since they've had to shore up their Tier 1 capital and go to NVCC compliant debt) but it would be a major crisis for GDP since so much of our GDP is tied up in the housing sector. Provincial coffers would go deep in the red wit...
by AltaRed
22 Apr 2017 18:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 62
Views: 4249

Re: Home Capital Group (Symbol-HCG)

This may be mostly sensationalism. Did RBC Research do its homework? Did HCG just 'lie' in their Apr 21st press release regarding preliminary unaudited 1Q earnings? That said, I've never liked the uninsured alternate lending space. http://www.homecapital.com/press_releases/2017/Pre-results%20Chair%2...
by AltaRed
22 Apr 2017 17:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 62
Views: 4249

Re: Home Capital Group (Symbol-HCG)

It's been reported elsewhere via twitterland that RBC Research says "it's over" at HCG (whatever that really means). Couldn't find that anywhere myself via Google and I am not a twitterly type person. Apparently HCG needs to find $325 million of capital within a month or? RBC Research apparently als...
by AltaRed
22 Apr 2017 16:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMOIL Problems
Replies: 4
Views: 645

Re: BMOIL Problems

I sent BMO IL a MyLink complaint as well. What is actually happening is they are only reporting Dividend income in the "Income You Received" sub-section. They don't report Other Income, trust distributions, interest, etc. there..... They obviously can choose to do that, but only IF they qualiify it ...
by AltaRed
21 Apr 2017 11:39
Forum: Financial Planning and Building Portfolios
Topic: Seeking input on elderly relatives portfolio
Replies: 46
Views: 898

Re: Seeking input on elderly relatives portfolio

Ideally I would like to have the dividends from all the MF payout monthly to her (to match up with her incoming CPP/OAS/UKpension) which would give her a more comfortable and reliable income stream and perhaps more confidence in the results(as you say). Do you think that we can pre-program that sor...
by AltaRed
21 Apr 2017 11:10
Forum: Taxing Situations
Topic: RRSP and Rental Income - Canadian in USA
Replies: 1
Views: 71

Re: RRSP and Rental Income - Canadian in USA

Hi there, I am a green card holder living in the US. I own a rental property in Canada. My question is about the wisdom of continuing to contribute to my RRSP while living in the States. This would reduce my Canadian tax burden but would also reduce my foreign tax credit in The US. Any thoughts? No...
by AltaRed
21 Apr 2017 11:05
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: 16 new housing measures. [Ontario]
Replies: 24
Views: 683

Re: 16 new housing measures.

IMO, the single most thing missing is a speculator's flipping tax that would perhaps re-classify cap gains to Other Income for rapid turnovers, e.g. business income not unlike capital market traders. CRA considers this business income now. The profits from flipping real estate are generally conside...
by AltaRed
21 Apr 2017 11:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 510
Views: 35283

Re: Canadian Banks

Are our bank P/Es really at a discount to the 'global' banking market, i.e. comparing banks to banks? FWIW, I think bank financials are too opaque to really know what is going on and don't warrant more valuation given the 'trust me' nature of their business. FWIW2, I have 4 of the big 5 in my portfo...
by AltaRed
20 Apr 2017 21:21
Forum: Financial Planning and Building Portfolios
Topic: Seeking input on elderly relatives portfolio
Replies: 46
Views: 898

Re: Seeking input on elderly relatives portfolio

I agree consolidation will make for a more clear picture for her. Whether she wants to go further down the MF route will depend on how 'important' preservation of capital is for her. It'll take a few years for this to all come together.
by AltaRed
20 Apr 2017 20:42
Forum: Taxing Situations
Topic: attribution of taxes for jointly-held GIC after death
Replies: 19
Views: 658

Re: attribution of taxes for jointly-held GIC after death

I think you people are making an accounting mountain out of mole hill. The beneficiary received the interest paid, it should be no hardship for OP to bear the tax burden. CRA just cares that someone declares it for tax purposes. Trying to divide the interest accrued before/after death is just going...
by AltaRed
20 Apr 2017 18:15
Forum: Financial News, Policy and Economics
Topic: Converting a Cheque in British Pounds to Canadian Dollars
Replies: 15
Views: 320

Re: Converting a Cheque in British Pounds to Canadian Dollars

Check with several banks and see if the amount meets their threshold to contact their trading desk. That would worth a try (at Mom's bank especially) though I don't know whether bank branches have ready access to the trading desk. My ex and I have both done that in the past on 6 figure conversions ...
by AltaRed
20 Apr 2017 15:47
Forum: Financial Planning and Building Portfolios
Topic: Seeking input on elderly relatives portfolio
Replies: 46
Views: 898

Re: Seeking input on elderly relatives portfolio

That is good advice for a 84 yr old? She's already reached her actuarial 'best before' date, and increasingly will have lower odds of surviving every year hereafter. Added: From the Sun Life calculator a healthy 84 yr old female, never smoked, doesn't drink, normal bp, normal height and weight has a...
by AltaRed
20 Apr 2017 14:59
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: What to do with a paid off house?
Replies: 35
Views: 1109

Re: What to do with a paid off house?

I would lean more towards direct protection through title insurance than weaker indirect protection through a HELOC, even if this would drive less business to banks*. :wink: * My VCN ETF holding has a significant allocation to banks. But....but... it is soooo fashionable to have a HELOC these days....
by AltaRed
20 Apr 2017 13:49
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: 16 new housing measures. [Ontario]
Replies: 24
Views: 683

Re: 16 new housing measures.

A lot of it looks like glossy 'study work' that will incur yet more bureaucracy, resources and time with little effect this year or next. IMO, the single most thing missing is a speculator's flipping tax that would perhaps re-classify cap gains to Other Income for rapid turnovers, e.g. business inco...
by AltaRed
20 Apr 2017 13:39
Forum: Financial News, Policy and Economics
Topic: Converting a Cheque in British Pounds to Canadian Dollars
Replies: 15
Views: 320

Re: Converting a Cheque in British Pounds to Canadian Dollars

I suspect the UK Administrator has zero interest in entertaining what PMJ suggests. If I was the executor, I wouldn't acknowledge such a request....except maybe for a hefty fee, e.g. lawyer's hourly rate. I think all that can reasonably be done is what Twa2w suggests. Try to work out a better than r...
by AltaRed
20 Apr 2017 12:32
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 22
Views: 1596

Re: Tangerine

Still BS for the BNS shareholder though. Just offer a regular everyday competitive rate of 1.7% or something. Mind you, even the big 5 have their own 'jump through the hoops' nonsense on savings accounts so I suppose the high noise/signal ratio is here for the foreseeable future.
by AltaRed
20 Apr 2017 12:02
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 22
Views: 1596

Re: Tangerine

Indeed and if they would also cut out this 'promo' crap, they'd save resources on the front line AND have higher margins too. As a BNS shareholder, I am unhappy with Tangerine competing with lowly online banks. :P :twisted: Go back to a competitive model aka ING...with a not too hot, not too cold ap...
by AltaRed
20 Apr 2017 12:00
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: What to do with a paid off house?
Replies: 35
Views: 1109

Re: What to do with a paid off house?

Another way to thwart title fraud is to have tenant-in-common title obviously with at least 2 owners, albeit that is messier when it comes to JTWROS issues. A 'divided' title pretty much prevents encumbrances without 'other owners' knowledge.
by AltaRed
19 Apr 2017 19:25
Forum: Financial Planning and Building Portfolios
Topic: Seeking input on elderly relatives portfolio
Replies: 46
Views: 898

Re: Seeking input on elderly relatives portfolio

I would be careful about too much financial engineering. If you (or a POA) takes over this lady's finances, there comes an obligation of being prudent. Granted the obligation is not as critical in an informal arrangement vs a trust company for example, you do not run afoul of potential beneficiaries...