Search found 5398 matches

by ghariton
18 Feb 2017 12:37
Forum: Financial Planning and Building Portfolios
Topic: Asset Allocation during retirement?
Replies: 44
Views: 897

Re: Asset Allocation during retirement?

I've been gradually shifting our asset allocation away from fixed income and toward equities for the last eight years. My reasoning is that my wife and I's life expectancy is getting shorter as time goes by, and so the amount of bonds required to finance a given cash flow is decreasing as well. As w...
by ghariton
18 Feb 2017 12:14
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 592
Views: 103089

Re: Outstanding Financial Pornography

Is there that much apathy amongst the average retail investor? I have coffee with an 82-year-old who otherwise is quite sharp. He uses a full service broker. When I point out how much money this is costing him, he shrugs it off, saying "I'm doing all right". So I would say that the long b...
by ghariton
15 Feb 2017 18:56
Forum: Retirement, Pensions and Peace of Mind
Topic: how long will it last?
Replies: 20
Views: 895

Re: how long will it last?

Also any life annuity table. (An annuity is sorta like a reverse mortgage.) Most business pocket calculators have an annuity function built in.

George
by ghariton
15 Feb 2017 17:04
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BCE (Symbol-BCE)
Replies: 1733
Views: 261890

Re: BCE (Symbol-BCE)

BCE current credit ratings for its long term debt are A (low) from DBRS, Baa1 from Moody, and BBB+ from S & P For its subordinated long term debt, the corresponding ratings are BBB, Baa2, and BBB. That s a solid corporate-grade rating, but nothing extra special. The average 10-year default rate ...
by ghariton
15 Feb 2017 15:42
Forum: Financial Planning and Building Portfolios
Topic: Even if you hold 100% of Canadian equities, aren't you still greatly exposed to currency risk indirectly?
Replies: 8
Views: 293

Re: Even if you hold 100% of Canadian equities, aren't you still greatly exposed to currency risk indirectly?

In addition to finiki, there have been a couple of threads here. On them, I took what seemed to be a minority view, that currency diversification is important, and that one of the problems with being wholly invested in Canadian securities and other assets is the lack of currency diversification. Div...
by ghariton
13 Feb 2017 11:14
Forum: Taxing Situations
Topic: Pending Tax Changes
Replies: 16
Views: 1187

Re: Pending Tax Changes

So now Rob Carrick is getting his information from the Canadian Centre for Policy Alternatives. Who knows? Maybe they will have a strong input to the upcoming budget or, as Carrick says, maybe next year's budget, or next year's, or next year's, or... Or maybe they will have to wait to have a strong ...
by ghariton
12 Feb 2017 02:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Smart, Strategic Beta & Multi-Factor ETFs
Replies: 24
Views: 909

Re: Smart, Strategic Beta & Multi-Factor ETFs

DenisD wrote:
twa2w wrote:It appears you could get quite a different mix of stocks depending on the source of their information.

Probably a good idea to use the same provider for backtests and live portfolios.

You mean so that I can be consistently wrong? :wink:

George
by ghariton
11 Feb 2017 23:31
Forum: Financial News, Policy and Economics
Topic: Economic future of Canada and immigration
Replies: 24
Views: 654

Re: Economic future of Canada and immigration

Historically, immigrants to Canada have created more jobs than they have taken up. Not in the first years maybe, but in the medium term (say five years) and longer. Many immigrants do work that Canadians won't do. The clearest example is farm labour, working in the fields in conditions that are very...
by ghariton
08 Feb 2017 22:51
Forum: Retirement, Pensions and Peace of Mind
Topic: Wills, notification of death and probate
Replies: 39
Views: 1252

Re: Wills, notification of death and probate

Reading about notarial wills in this thread got me thinking. My wife and I have notarial wills from when we lived in Quebec. We now live in Ontario. I'm wondering whether we should get new wills done by an Ontario lawyer. Has anyone had to deal with a notarial will after a death in the ROC? Glen A ...
by ghariton
08 Feb 2017 22:10
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 36
Views: 1005

Re: Which Broker Do you Use?

I'm with TDDI. My main complaint is with the availability of their web site, which seems to go down inordinately often, albeit for quite short periods of time. My needs are very simple. I make some dozen trades a year, usually reinvesting interest or dividends or moving money to our TFSAs once a yea...
by ghariton
08 Feb 2017 18:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Bombardier (Symbol-BBD.B)
Replies: 83
Views: 13495

Re: Bombardier (Symbol-BBD.B)

As expected, Brazil is taking Canada to the World Trade Organization , claiming that the "loans" are illegal subsidies. The last such incident resulted in a seven-year trade war between Canada and Brazil in the late 1990s and early 2000s. I remember, because I was doing some contract work ...
by ghariton
08 Feb 2017 18:42
Forum: Retirement, Pensions and Peace of Mind
Topic: The TFSA vs. RRSP debate
Replies: 18
Views: 1257

Re: The TFSA vs. RRSP debate

Thank you. I had forgotten that a large proportion of Canadians pay no income tax.

George
by ghariton
08 Feb 2017 16:22
Forum: Retirement, Pensions and Peace of Mind
Topic: The TFSA vs. RRSP debate
Replies: 18
Views: 1257

Re: The TFSA vs. RRSP debate

patriot1 wrote:For some incomes you can have a negative marginal rate for dividends due to the dividend tax credit.

Interesting. Would that be where you have a big business or capital loss, reducing your total income to close to zero? If not, could you give an example?

George
by ghariton
08 Feb 2017 12:51
Forum: Financial News, Policy and Economics
Topic: Buffett Buffet
Replies: 657
Views: 123194

Re: Buffett Buffet

Greece's financial crisis is not over . Greece pushed back against the International Monetary Fund’s view that the government’s economic reforms are heading off track. In official responses, published with an IMF report on Greece late Tuesday, Finance Minister Euclid Tsakalotos said the fund’s asse...
by ghariton
07 Feb 2017 22:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Bombardier (Symbol-BBD.B)
Replies: 83
Views: 13495

Re: Bombardier (Symbol-BBD.B)

So Ottawa is giving Bombardier only $372 million. That's a lot less than they asked for, but a lot more than they should be getting.

No wonder Mr. Morneau is looking to raise taxes.

George
by ghariton
07 Feb 2017 21:20
Forum: Retirement, Pensions and Peace of Mind
Topic: The TFSA vs. RRSP debate
Replies: 18
Views: 1257

Re: The TFSA vs. RRSP debate

It seems pretty clear that the TFSA vs. RRSP debate generally results in "it depends". Yes, I can easily imagine situations where a RRSP is better than a TFSA and vice versa. I can even imagine situations where a non-registered account is better than a RRSP. But I cannot imagine any situa...
by ghariton
07 Feb 2017 17:52
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 32
Views: 2092

Re: Clippings 2017

I would agree if we were talking in terms of eligible dividends. Non eligible dividends from private corporations however are on a much less fixed schedule. MegaCos. have to stick to their quarterly or whatever dividend schedule. You or I can grant non eligible divvys pretty much willy nilly to sha...
by ghariton
07 Feb 2017 17:01
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 32
Views: 2092

Re: Clippings 2017

If cap gain rates are treated the same way as non eligible divvys... http://www.financialwisdomforum.org/forum/viewtopic.php?f=32&t=119820&p=590464&hilit=eligible#p590464 I dunno. If they give advance notice of an increase in the effective tax rate on capital gains, by the time the chan...
by ghariton
07 Feb 2017 15:49
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 32
Views: 2092

Re: Clippings 2017

David Duff, professor of tax law at UBC, is recommending increasing the capital gains inclusion rate to 80%. In today's Globe & Mail, but I refuse to pay for online access, and so have no link. (I read a free copy lying around in Starbucks.) Back to last year's conundrum: How much of my capital ...
by ghariton
06 Feb 2017 20:34
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 32
Views: 2092

Re: Clippings 2017

Remember that the previous government passed legislation to increase the retirement age from 65 to 67, and that one of the present government's first measures was to roll back the increase? Oops The Trudeau government's economic advisory council is recommending Ottawa raise the age of retirement eli...
by ghariton
06 Feb 2017 14:17
Forum: Retirement, Pensions and Peace of Mind
Topic: Planning for Retirement
Replies: 116
Views: 9197

Re: Planning for Retirement

If you want to get to the top of the mountain perhaps you should aim for the sky? Overreaching can lead to accidents. True for mountain-climbing. True for investing as well. For example, if you grossly overestimate your monetary needs in retirement, you may be led to over-invest in high-risk high-r...
by ghariton
06 Feb 2017 12:41
Forum: Retirement, Pensions and Peace of Mind
Topic: Planning for Retirement
Replies: 116
Views: 9197

Re: Planning for Retirement

Well yes, obviously 70% is just a rule of thumb. Clearly a one-size-fits all "solution" will likely end up fitting nobody. ISTM that what is needed is drawing up a future budget for one's retirement years. Yes, there will be many assumptions, and some outright guesses. But at least you wil...
by ghariton
05 Feb 2017 15:12
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 32
Views: 2092

Re: Clippings 2017

The Key Drivers For Growth In Canada A good overview for those who don t have the patience to wade through the Bank of Canada s quarterly monetary policy report. Two things caught my eye. (1) Private sector business investment has been weak for the past couple of years, and has made a negative cont...
by ghariton
04 Feb 2017 17:54
Forum: Retirement, Pensions and Peace of Mind
Topic: Who keeps a paper trail?
Replies: 23
Views: 2049

Re: Who keeps a paper trail?

Yes, I found out about TD's seven year limit when I was trying to reconstruct the historic returns on my investments. With a few exceptions, seven years is the longest historic period for which you must keep records. That is true for tax purposes and even after winding up a corporation. Some warrant...
by ghariton
04 Feb 2017 14:31
Forum: Retirement, Pensions and Peace of Mind
Topic: questions after death: bank accounts/life insurance
Replies: 13
Views: 601

Re: questions after death: bank accounts/life insurance

I thought that the lawyer who draws up a will would retain a copy. In my case, that lawyer is also a co-executor, so keeping a copy makes eminent sense for her. But I would have thought that even if the lawyer is not an executor, he or she would keep a copy. I know that I have kept copies of all doc...

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