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by ghariton
14 Dec 2017 12:31
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

There's about one job vacancy for each unemployed American.
Unemployment vs vacancies.png
That's pretty close to full employment, even allowing for discouraged workers not in the labour force.

George
by ghariton
14 Dec 2017 11:35
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 25
Views: 1375

Re: NAFTA is dead. So now what?

Well, if you can't trade drugs within NAFTA, with lot's of government help, at least you can purposely sell addictive food and get people overweight and sick. Yes. The other problem with NAFTA, if you read the article carefully, is that it raised the income levels of rural Mexicans. Before, they we...
by ghariton
13 Dec 2017 22:02
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 25
Views: 1375

Re: NAFTA is dead. So now what?

Another reason to be against NAFTA. It causes obesity.

No, this is not from The Onion, or even Fox News. It's from the New York Times.

George
by ghariton
13 Dec 2017 21:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 22
Views: 576

Re: Saving for down payment in roughly 5 years

longinvest wrote:
13 Dec 2017 18:51
It's just how I see things for me.
I do pretty much as you do. The only significant difference that I can see is that I do my asset allocation in terms of absolute amounts instead of percentages.

George
by ghariton
12 Dec 2017 20:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 22
Views: 576

Re: Saving for down payment in roughly 5 years

We don't have many details from the OP. But I see a big difference between purchasing a big item like a house and saving for retirement. The purchase of a house can always be delayed, if it turns out that the markets are down at the planned date. Renting for another year or two may not be what the O...
by ghariton
12 Dec 2017 12:18
Forum: Financial Planning and Building Portfolios
Topic: Investment Club Portfolio
Replies: 10
Views: 449

Re: Investment Club Portfolio

we are making a Hypothetical portfolio. Why? Why not have each member(or group of members) run a portfolio or strategy and compare results. Depends on the purpose of the group. If the purpose is to make money, I agree with you. But if the purpose is to learn about investing, a group approach seems ...
by ghariton
11 Dec 2017 18:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Saving for down payment in roughly 5 years
Replies: 22
Views: 576

Re: Saving for down payment in roughly 5 years

Personally, I would just invest the money into a balanced portfolio (something between 60/40 stocks/bonds and 40/60 stocks/bonds), being completely aware that a balanced portfolio fluctuates in value, as do houses. So would I. Yes, there is some risk, but from the little you have said, I think it's...
by ghariton
11 Dec 2017 12:49
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: "Hot Potato" anyone??
Replies: 118
Views: 9228

Re: "Hot Potato" anyone??

It's a different discussion, but low-volatility strategies are supposed to earn their keep in bear markets, when they experience lower drawdowns. We haven't had a bear market in a long time, so it's not surprising that SPLV has been lagging. Yes, in bear markets I would expect SPLV to out-perform S...
by ghariton
10 Dec 2017 22:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: "Hot Potato" anyone??
Replies: 118
Views: 9228

Re: "Hot Potato" anyone??

I dunno. I've been following SPLV since its inception, but I was never convinced enough to actually buy any units. FWIW, over the last 5 years, SPLV is up a cumulative 73.29 %, while SPY is up 87.00 %. I note that SPLV has a beta of 0.64, so that it is low volatility as advertised. By contrast, the ...
by ghariton
10 Dec 2017 14:21
Forum: Taxing Situations
Topic: Amazon.ca competitor falsified returns to shut me down. Reorganizing business.
Replies: 1
Views: 200

Re: Amazon.ca competitor falsified returns to shut me down. Reorganizing business.

I am not qualified to answer most of your post, and anyway this is the wrong forum for complaints about business relationships. The one bit of information I can supply is that an individual can have any number of private corporations, each with its own business number. So yes, you can have multiple ...
by ghariton
09 Dec 2017 17:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 14
Views: 593

Re: Are we too old, crusty and conservative

I'm thinking about adding a line in my IPS no individual stocks in registered accounts :? :lol: ... except, presumably, when executing Norbert's gambit. It may be that people here are conservative and crusty, or it may be that we have learned some lessons -- for most of us, the hard way. I still ha...
by ghariton
03 Dec 2017 14:09
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 25
Views: 1375

Re: NAFTA is dead. So now what?

So if NAFTA dies, as seems more and more likely, and Canada has torpedoed TPP Junior, by essentially walking out of the talks, what's left? China is a large economy, and better access to that market might go some way to mitigating the pain from the loss of NAFTA. So it's a good thing that Prime Mini...
by ghariton
30 Nov 2017 13:13
Forum: Financial Planning and Building Portfolios
Topic: Do bonds in RRSP/TFSA still make sense?
Replies: 36
Views: 1957

Re: Do bonds in RRSP/TFSA still make sense?

... Unfortunately given the negative return on bond funds lately ... For those who like market timing, the initial post written on September 28 was an excellent contrarian indicator. In October 2017, Vanguard's Canadian Aggregate Bond Index ETF (VAB) had a 1.65% return in a single month! It's weird...
by ghariton
26 Nov 2017 18:52
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA contribution 2017
Replies: 30
Views: 2033

Re: TFSA contribution 2017

Then there was at one time in the 90's independent firm Altamira. What a roller-coaster that was. I made piles of money (for the time), then proceeded to lose almost all of it. But was I discouraged? Not me. I piled into TD funds, especially their Science and Technology fund. I made piles of money,...
by ghariton
22 Nov 2017 21:39
Forum: Financial News, Policy and Economics
Topic: cryptocurrencies and mining
Replies: 27
Views: 1413

Re: cryptocurrencies and mining

And, if memory serves, weren't you a chief economist at BMO? Not that you should understand finance or money supply or anything like that. :roll: Bell Canada. I worked mainly in microeconomics, so currencies were a nuisance to be worked around, not something to be understood. The short description ...
by ghariton
20 Nov 2017 18:21
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

Reminds me of the mark-to-market debate of a few years ago. Should financial institutions be obliged to show their fixed income holdings at current market value, or should they be allowed to show them at book value (or face value)? "Progressive" thought wanted compulsory mark-to-market. This is what...
by ghariton
19 Nov 2017 21:56
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

I agree that retail investors can get a bad deal from a bond desk, especially if the bond is a corporate issue with little liquidity. But for government securities and a long expected holding period to maturity (over ten years), the markup isn't that bad. As well, I get to pick a duration that is co...
by ghariton
19 Nov 2017 14:08
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

Park Thank you for all the good clippings. As regards index funds for bonds, I must say that I don't see them as nearly as advantageous as index funds for equities. I think that I can get a better handle on riskiness for bonds than for equities. Basically, I see three risks with a bond: (1) Default ...
by ghariton
10 Nov 2017 22:33
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 25
Views: 1375

Re: NAFTA is dead. So now what?

Good news. It seems that there is agreement to negotiate a new TPP after all. In a major breakthrough, trade ministers from 11 Pacific Rim countries said they reached a deal Saturday to proceed with the free-trade Trans-Pacific Partnership deal that was in doubt after President Donald Trump abandone...
by ghariton
10 Nov 2017 18:55
Forum: Financial News, Policy and Economics
Topic: NAFTA is dead. So now what?
Replies: 25
Views: 1375

Re: NAFTA is dead. So now what?

One of the ways touted as mitigating the effects of an end to NAFTA has been new trade deals with other countries. A possibility is to renew efforts to implement the TPP, a treaty from which the U.S. has withdrawn, but to which there are still eleven signatories, including Canada. Of course, Canada ...
by ghariton
07 Nov 2017 13:35
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 1011

Re: Annuity

yes you can buy them directly from insurance companies. Has anyone actually done this and if so, what insurance companies. Also, do you know if the price was discounted compared to what they offer if bought through an agent. I believe the agent has about a 2% cost to the annuity so I am wondering i...
by ghariton
05 Nov 2017 20:48
Forum: Financial Planning and Building Portfolios
Topic: Strip bonds or Bond ETF
Replies: 16
Views: 625

Re: Strip bonds or Bond ETF

I think that people worry way too much about bonds when their portfolio contains stocks. I share your opinion... as long as the bonds are rated A or better. In fact, the extra return for taking on credit risk is just not worth it to me, and I hold only government bonds. After all, I hold them to re...
by ghariton
02 Nov 2017 17:12
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

DenisD wrote:
02 Nov 2017 14:50
Maybe he means something like the average of the last 90 years?
Maybe so.

But I don't think that would be any more meaningful.

Unless he thinks that the economy of the 1920s and 1930s is a good guide to today's economy.

George
by ghariton
02 Nov 2017 14:32
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 305
Views: 18620

Re: Clippings 2017

Interview with Barry Ritholz on evidence based investing, apparently the latest big thing. (Because most investors have been investing without any evidence, based on hunches, or raw emotion, or whatever. Just a little condescending?) Here's a quote from Mr. Ritholz: I'm not going to argue by most m...
by ghariton
21 Oct 2017 22:30
Forum: Financial News, Policy and Economics
Topic: Interest rates
Replies: 6
Views: 409

Re: Interest rates

Generally speaking, price is what the seller is asking for. There may or may not be any buyers at that price, hence there may or may not be a transaction. Of course, the buyer is free to make public a price at which he is willing to buy. But that is much rarer. Although it does happen regularly in f...