Search found 5709 matches

by ghariton
18 Feb 2018 14:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: How to invest in gold?
Replies: 4
Views: 111

Re: How to invest in gold?

Best gold investment I ever made was a wedding ring.

George
by ghariton
18 Feb 2018 14:19
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 35
Views: 785

Re: Annuities

During the flurry of OTPP commutations years ago I heard about only one case that made sense. A couple were both principals and their pensions totaled far more than they could spend. So one commuted to build an estate for their kids. Evrn there, collecting the pension and investing it for the estat...
by ghariton
18 Feb 2018 00:32
Forum: Retirement, Pensions and Peace of Mind
Topic: Copycat Annuity
Replies: 7
Views: 473

Re: Copycat Annuity

Section 147.4 (1) of the Income Tax Act: RPP annuity contract 147.4 (1) Where (a) at any time an individual acquires, in full or partial satisfaction of the individual’s entitlement to benefits under a registered pension plan, an interest in an annuity contract purchased from a licensed annuities p...
by ghariton
16 Feb 2018 23:52
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1384

Re: Budget 2018

I think it's better to talk about reducing spending instead if ways to get more taxes! Ah, but spending can be targeted much more precisely than taxes. The more spending, the more vote-buying politicians can do. Why do you think that the present government is running large deficits at a time when t...
by ghariton
16 Feb 2018 22:12
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuities
Replies: 35
Views: 785

Re: Annuities

I found this article on annuities in unregistered accounts. https://www.theglobeandmail.com/globe-investor/investment-ideas/eight-things-to-know-about-annuities/article23342537/ Rob Carrick is one of the better financial journalists out there. But that article is incomplete. For example, he reports...
by ghariton
16 Feb 2018 18:32
Forum: Financial News, Policy and Economics
Topic: Clippings 2018
Replies: 16
Views: 1324

Re: Clippings 2018

Perhaps the best return given a certain risk level (and perhaps tax comes into play here as well ) I assume that we are talking after tax returns. To me, pre-tax returns are not very meaningful. For example, think of comparing a bond and an equivalent number of preferred shares. How meaningful is a...
by ghariton
16 Feb 2018 00:07
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1384

Re: Budget 2018

Also, I am yet to see any evidence that governments allocate other peoples' money more efficiently than privately owned businesses allocate their own money. Who builds and maintains the roads and bridges that private businesses rely on? Who educates their workers? Who provides the demographic, econ...
by ghariton
14 Feb 2018 01:35
Forum: Taxing Situations
Topic: Budget 2018
Replies: 56
Views: 1384

Re: Budget 2018

It's worth pointing out that Jaime Golombek's piece is a year old. This year's budget is said to pursue gender equality, perhaps by being quite unequal. Tax breaks for corporations that have a certain percentage of women on their boards? Zero-rating GST/HST on feminine hygiene products? The biggies ...
by ghariton
10 Feb 2018 00:26
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1758

Re: market crash Feb 2018

Yes, indicators show the world economy in general and the U.S. economy in particular to be doing very well. Even Canada is doing well, despite today's disappointing jobs report. (Note that job losses were part-time jobs; full-time jobs went up at a healthy clip. Which all goes to show the folly of g...
by ghariton
09 Feb 2018 00:24
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1758

Re: market crash Feb 2018

I hold bonds in my portfolio for two reasons. First, in the short run, they provide ballast, in scomac's excellent choice of words. They dampen volatility and so have an important psychological effect. Second, in the medium to longer term, they ensure that certain sums of money will be there when I ...
by ghariton
08 Feb 2018 14:18
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1758

Re: market crash Feb 2018

kcowan wrote:
08 Feb 2018 08:15
I PVR Bloomberg Technology and every daily episode starts with a market update so I got a glimpse of it on Saturday.

The weather in PV is similar to Hawaii but drier. Although the cold front NOTB has caused more high cloud and higher humidity.
:thumbsup: :thumbsup: :thumbsup:

George
by ghariton
08 Feb 2018 00:41
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 58
Views: 3233

Re: NAFTA is dead. So now what?

Lots of posturing, of course. But I'm starting to wonder about the possibility of a trade deal between the U.S. and Mexico that excludes Canada. And now The United States trade czar is expressing frustration with Canada in the NAFTA negotiations, even floating the idea of concluding a quick agreeme...
by ghariton
07 Feb 2018 22:46
Forum: Financial News, Policy and Economics
Topic: market crash Feb 2018
Replies: 70
Views: 1758

Re: market crash Feb 2018

I have a bit of play money in MCHI. Over the last few dats it went from USD $73.91 to USD $68.29. With the appreciation of the USD, even that didn't amount to a correction. I identify four zones Down 10 % a correction, nothing to see here folks Down 20 % a bear market, interesting but still not enou...
by ghariton
05 Feb 2018 10:34
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 292
Views: 17809

Re: Retirement - is it over-rated?

Well, I sent in my papers Friday. Now I'm waiting for the Law Society's permission to stop being a lawyer, but that should be a formality. That means that I no longer can give any legal advice, not even on a pro bono basis. (If I wanted to do that, I would have to apply for "emeritus" status.) I sus...
by ghariton
05 Feb 2018 10:28
Forum: Financial Planning and Building Portfolios
Topic: Start your engines !!!
Replies: 31
Views: 1407

Re: Start your engines !!!

deaddog wrote:
05 Feb 2018 10:03
It does not matter what the market does. What matters is if I have the discipline to follow my plan.
We certainly agree on that.

George
by ghariton
04 Feb 2018 21:52
Forum: Taxing Situations
Topic: How To Minimize Tax Installments in a Corp
Replies: 2
Views: 128

Re: How To Minimize Tax Installments in a Corp

Yes, I saw that, but didn't understand the logic. Wouldn't that create alternating years of high and low income? Won't that income de-averaging actually increases my tax bill over all, even though it might help with the timing?

George
by ghariton
04 Feb 2018 21:48
Forum: Financial Planning and Building Portfolios
Topic: Start your engines !!!
Replies: 31
Views: 1407

Re: Start your engines !!!

If a 2 per cent drop (okay, maybe 4 per cent cumulative) is making people anxious, how will they react to a 20 per cent drop?

And make no mistake, a 20 per cent drop is coming. We just don't know when.

George
by ghariton
03 Feb 2018 14:30
Forum: Financial Planning and Building Portfolios
Topic: Start your engines !!!
Replies: 31
Views: 1407

Re: Start your engines !!!

Koogie wrote:
03 Feb 2018 13:16
I prefer the saying of a Mr. G. Hariton

"I felt like doing something. So I lay down until the feeling went away"
:D

Thank you.

George
by ghariton
03 Feb 2018 14:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]
Replies: 112
Views: 3621

Re: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]

I can see that these new products might be very useful. But they are not for me. I refuse to hold any nominal bonds. I do hold some nominal fixed income in the form of TD money market funds (I have to own the TD USD money market fund), but that is for cash equivalents, i.e. money to be used within 6...
by ghariton
03 Feb 2018 01:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]
Replies: 112
Views: 3621

Re: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]

It's really simple for someone who knows how to add, subtract, multiply, and divide. Upon reflection, I don't think that knowing how to divide is necessary. Perhaps if you have a certain sum and you want to know how many units of a certain stock to buy. But all you have to do is make a guess and TD...
by ghariton
30 Jan 2018 18:47
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 69
Views: 4311

Re: NAFTA Renegotiation

https://www.marketwatch.com/story/nafta-isnt-dead-yet-odds-of-us-exit-recede-but-negotiations-still-face-big-hurdles-2018-01-30 Despite slow progress, Merrill Lynch reduced the odds of the U.S. exiting Nafta this year to just 25%. A few months ago, many trade watchers thought the chance of a U.S. w...
by ghariton
29 Jan 2018 21:51
Forum: Financial Planning and Building Portfolios
Topic: Real Return Bonds
Replies: 3
Views: 218

Re: Real Return Bonds

adrian2 wrote:
29 Jan 2018 20:38
AFAIK, first ever RRB's were issued in 1998.
1991, I believe. The 2021 was originally a 30-year bond.

George
by ghariton
29 Jan 2018 00:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: US stocks in a TFSA
Replies: 11
Views: 532

Re: US stocks in a TFSA

So holding growth U.S. equities in a TFSA costs you the foregone benefit of a lower tax rate. So 50% is less than 0%??? No, 50% is less than 100%. If I use my TFSA to shelter a fixed income instrument, I will have sheltered 100% of whatever my marginal tax rate is. If I use my TFSA to shelter an eq...
by ghariton
28 Jan 2018 21:54
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: US stocks in a TFSA
Replies: 11
Views: 532

Re: US stocks in a TFSA

At TDDI you can open separate CAD and USD TFSAs. If you want to transfer sums that are large between the accounts, consider using Norbert's Gambit. Remember that dividends on U.S. equities are subject to withholding tax (unless they are in a RRSP). In a TFSA, you pay the withholding tax, but cannot ...
by ghariton
27 Jan 2018 02:04
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Your high-risk but high-potential return ideas
Replies: 16
Views: 669

Re: Your NOT old, crusty and conservative choices

My play money is currently mostly in PSCH on the American markets. It's an ETF of small-cap biotech and health care stocks. The underlying bet is that, as the population ages, the market for this stuff will grow faster than the market over all. Focusing on small caps is a way to get at companies tha...