Search found 12931 matches

by AltaRed
22 Oct 2017 15:50
Forum: Taxing Situations
Topic: Estate Planning cross border Qs (kids in US)
Replies: 15
Views: 291

Re: Estate Planning cross border Qs (kids in US)

The larger point is that PlanningAhead needs to find the original lawyer (or the other witness) and have the affidavit completed. If neither lawyer or other witness can be found or both are deceased, things get a lot more complicated. Probably then easiest to just have a brand new will prepared and...
by AltaRed
22 Oct 2017 15:38
Forum: Taxing Situations
Topic: Estate Planning cross border Qs (kids in US)
Replies: 15
Views: 291

Re: Estate Planning cross border Qs (kids in US)

ockham wrote:
22 Oct 2017 15:32
The law firm that did up the will should have completed this affidavit and attached it to the original will at the time of its signing.
But a good chance it was not done at all for a 'quite old' will. The original lawyer would/should know.
by AltaRed
21 Oct 2017 17:35
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: YTM vs returns -- Bond ETF 2 years later
Replies: 16
Views: 695

Re: YTM vs returns -- Bond ETF 2 years later

Altared, I've provided the mathematical background to reason about this. It's obvious that it's future yields that will determine the final cumulative returns of a bond ETF, not a simplistic initial metric. Well, yes, but the average investor wants to 'know' the trend so they always want a proxy fo...
by AltaRed
21 Oct 2017 16:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: YTM vs returns -- Bond ETF 2 years later
Replies: 16
Views: 695

Re: YTM vs returns -- Bond ETF 2 years later

I've provided a counterexample, in the first post. Logic tells us that it's sufficient to prove that YTM is not a good predictor. Getting an 11.1% return out of a 2.4% prediction doesn't qualify as good . Anyway, even if the prediction was good, what could be done with it? To really make the point ...
by AltaRed
21 Oct 2017 13:54
Forum: Financial News, Policy and Economics
Topic: Interest rates
Replies: 6
Views: 281

Re: Interest rates

There is also the effect, beyond higher discount rates, that the PV of future cash flows will be less due to higher debt servicing costs. This particularly affects capital intensive stocks with high(er) D/E ratios. This may actually be more significant than discount rate changes, especially in recen...
by AltaRed
21 Oct 2017 13:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: North American financial split co. (Symbol - FFN.TO)
Replies: 9
Views: 192

Re: North American financial split co. (Symbol - FFN.TO)

Credit rating on one class (prefs) pretty much defines credit rating (one notch aboove or below) on other classes, given that Prefs are subordinate to secured debt, but ahead of common equity. If prefs are below investment grade, it does not bode well for the robustness of common equity. To have a s...
by AltaRed
21 Oct 2017 13:04
Forum: Taxing Situations
Topic: TFSAs and carrying on a business
Replies: 24
Views: 1228

Re: TFSAs and carrying on a business

I think you are safe. Doubling is not the same as 'several times' contribution limits. One can certainly undestand that balances of $1 million WOULD most likely be 'business activity' absent someone being better than any baseball player in history having hit home runs.
by AltaRed
20 Oct 2017 21:42
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2017)
Replies: 428
Views: 41459

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

Enbridge and its subsidiaries have been playing on the edge for some time at the BBB+ level. Not very impressed but it does result in a bit of extra juice on their bond yields (just bought one a few weeks back).
by AltaRed
20 Oct 2017 19:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Sears Canada (Symbol-SCC)
Replies: 60
Views: 2804

Re: Sears Canada (Symbol-SCC)

Maybe. The local Home store looked like a war zone with cartons of stuff stacked next to frazzled displays. I suspect they wanted to get rid of any warehouse they might still have in town where they might be paying big rent on. We did NOT go into the Dept Store today. Can't imagine why if I didn't w...
by AltaRed
20 Oct 2017 19:04
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 12
Views: 620

Re: NAFTA is dead. So now what?

Surprise. USA has done no analysis to determine economic impact on a NAFTA demise. Gotta wonder who is at the wheel. http://www.bnn.ca/u-s-hasn-t-analyzed-economic-impact-of-potential-nafta-demise-1.890963 Also, an opportunity to buy many? most? Cdn stocks cheap in the next recession. Likely similar...
by AltaRed
20 Oct 2017 18:41
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Vancouver Mortgage Broker
Replies: 3
Views: 165

Re: Vancouver Mortgage Broker

Thanks. I will pass on that info.
by AltaRed
20 Oct 2017 15:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Sears Canada (Symbol-SCC)
Replies: 60
Views: 2804

Re: Sears Canada (Symbol-SCC)

DW wanted to go into the local Home Store this morning to see if there were any great bargains, so off we went with me being 100% pessimistic. Not only were there no bargains (mostly just 10% off), but other than the appliance section, the furniture section was extremely depressing. Better value can...
by AltaRed
20 Oct 2017 13:19
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: North American financial split co. (Symbol - FFN.TO)
Replies: 9
Views: 192

Re: North American financial split co. (Symbol - FFN.TO)

You will find over time that most members here are investors, not traders. Hence Arby's post regarding fundamentals and value. YTW is an important criteria in that assessment as is credit rating on underlying debt. Stocks like FFN don't get much play and stocks with shorts and activist investors (sh...
by AltaRed
20 Oct 2017 11:42
Forum: Financial Planning and Building Portfolios
Topic: Can i retire off $1Million annuity?
Replies: 11
Views: 527

Re: Can i retire off $1Million annuity?

Not sure I see the wisdom in annuitizing at all at age 50 because you receive nothing in the way of age credits in determining your payout. Either way, $40K + or- isn't a lot of money to try and get by on. Lots of folks do it because they have no choice, but I'm not too sure I'd want to volunteer f...
by AltaRed
20 Oct 2017 11:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: AltaGas Services Ltd. (ALA-T)
Replies: 85
Views: 6593

Re: AltaGas Services Ltd. (ALA-T)

Every year they have added to their cash flow generation, most of it on a COS take-or-pay basis. Cash flow generation is now getting big enough to escape being a fringe player (and be profitable). I think they believe the WGL purchase will provide a step change in predictable cash flow to allow them...
by AltaRed
20 Oct 2017 11:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Peyto Exploraton and Development (Symbol - PEY.TO)
Replies: 5
Views: 114

Re: Peyto Exploraton and Development (Symbol - PEY.to)

Yes, nat gas price and gas companies like PEY have a strong correlation. That's been known for the 40 years I've been in the patch as well. We are just at the long end of the supply chain, i.e. the tip of the tail on a dog, and it can be a very tenuous roller coaster ride. We can't compete in Europe...
by AltaRed
20 Oct 2017 11:24
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Sears Canada (Symbol-SCC)
Replies: 60
Views: 2804

Re: Sears Canada (Symbol-SCC)

Another reason not to buy extended warranties: What about those customers who bought the "if you don't use it you will be reimbursed". There were a couple of stories in the media about that yesterday. They are only as good as the company is solvent. We all know that going in. I've only ever bought ...
by AltaRed
20 Oct 2017 11:13
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 53
Views: 2724

Re: NAFTA Renegotiation

:thumbsup: Indeed. Too freaking lazy to develop east and west market opportuinities.
by AltaRed
20 Oct 2017 11:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Peyto Exploraton and Development (Symbol - PEY.TO)
Replies: 5
Views: 114

Re: Peyto Exploraton and Development (Symbol - PEY.to)

This one used to come up quite often on BNN's Market Call with positive commentary by the talking heads, but it's been pretty quiet lately. That is because of the continuing demise of the West Coast LNG projects. My understanding is PEY is one of the lowest cost gas producers in the basin but its 5 ...
by AltaRed
19 Oct 2017 21:38
Forum: Financial Planning and Building Portfolios
Topic: Gifting to Grandchildren
Replies: 6
Views: 213

Re: Gifting to Grandchildren

par4 wrote:
19 Oct 2017 20:37
As she will inherit most of my portfolio I am thinking of 'gifting' to her TFSA now as she has room! Hopefully this will be helpful in a down payment for her home someday!
Now that makes a lot of sense!
by AltaRed
19 Oct 2017 20:14
Forum: Financial Planning and Building Portfolios
Topic: Gifting to Grandchildren
Replies: 6
Views: 213

Re: Gifting to Grandchildren

Why? The tax loss is more important to you, and the cash to them, than almost* any stock, is to a grandchild. Unless the grandchild is an adult and has a brokerage account already, how exactly is that grandchild going to identify with it, CPG especially. There are better teaching moments. * Disney m...
by AltaRed
19 Oct 2017 15:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: AltaGas Services Ltd. (ALA-T)
Replies: 85
Views: 6593

Re: AltaGas Services Ltd. (ALA-T)

Dudsy wrote:
19 Oct 2017 15:25
My math was based on their promise of 8-10%/yr dividend growth for 2019-21. $2.84 divi in 2021.
That is a long ways off... I'd be pleased to see a $40 stock price by end of 2018 (as I noted earlier).
by AltaRed
19 Oct 2017 15:17
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: AltaGas Services Ltd. (ALA-T)
Replies: 85
Views: 6593

Re: AltaGas Services Ltd. (ALA-T)

My math says $43.80 would provide a 5% yield at $2.19/share, which is still on the high side for a utility, albeit in the ballpark for midstream. Anyways, I agree payout/yield is still too high at those levels and not sure why they'd keep paying that, and why they would continue with monthly payment...
by AltaRed
19 Oct 2017 14:24
Forum: Taxing Situations
Topic: Estate Planning cross border Qs (kids in US)
Replies: 15
Views: 291

Re: Estate Planning cross border Qs (kids in US)

We will get a copy of our dad's will, see what's missing, then make an appointment with the lawyer to handle the rest. We will report back on this string of what we find from lawyer/ BMO, in case our experience is helpful to fellow Canucks. It may be that the one page Will you refer too is still ac...
by AltaRed
19 Oct 2017 13:41
Forum: Retirement, Pensions and Peace of Mind
Topic: RRIF upon death of spouse
Replies: 7
Views: 168

Re: RRIF upon death of spouse

If the beneficiary designation is in the will only, there is a rollover provision inthe income tax act where the RIF or RSP can be rolled over to the spouses RIF or RSP. there is some paperwork involved. Or the beneficiary can take the cash and the estate pays the tax. Right. Forgot about that one ...