Search found 5506 matches

by ghariton
21 Jun 2017 21:37
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 18
Views: 591

Re: NAFTA Renegotiation

As a compromise, I suggest government buy back all quotas at the price originally paid by current farmers, i.e. book value (without goodwill). Randomly call in 10% of the quotas each year, and allow imports to replace double that amount each year.

No other compensation.

George
by ghariton
21 Jun 2017 21:23
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 26
Views: 1013

Re: Questions for my Fin. Advisor

Here is a suggestion that you ask any new (or existing) financial adviser to sign this : The Fiduciary Pledge I, the undersigned, pledge to exercise my best efforts to always act in good faith and in the best interests of my client, _______, and will act as a fiduciary. I will provide written disclo...
by ghariton
21 Jun 2017 13:26
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 211
Views: 3959

Re: CPP Rules - Fred Vettese article

I'm curious to learn about how other FWF members, retired members living in a couple in particular, tackle this problem. In our case, we relied on term life insurance until we had built up sufficient assets, mainly in RRSPs, to feel we could reduce the term insurance and eventually discontinue it. ...
by ghariton
17 Jun 2017 12:59
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 584
Views: 39045

Re: Canadian Banks

The REAL Canadian bank bailout I must admit I found the two articles you linked to, less than clear, and neither was the CCPA study. But as best I can reconstruct things, what CMHC did was to increase the amount of mortgage insurance it sold to the banks. That did indeed constitute a transfer of ri...
by ghariton
16 Jun 2017 22:37
Forum: Financial Planning and Building Portfolios
Topic: Portfolio creation [with some US taxation considerations]
Replies: 12
Views: 176

Re: Portfolio creation

Since much of her income is earned in the US, she has been advised not to put any monies into her TFSA. Why not? As I recall, the issues with income earned in the U.S., if any, come at tax time. TFSA contributions are after tax. As for holding U.S. based securities in a TFSA, there is the problem t...
by ghariton
16 Jun 2017 13:05
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Amazon - Whole Foods Merger?
Replies: 17
Views: 470

Re: Amazon - Whole Foods Merger?

Ordering groceries online is not exactly a new concept. Our local Loblaws has provided this for some time. There are four designated parking places in their lot where you can pick up your order. Saves you the trouble of pushing a shopping cart around and then lining up at the cash. I suspect that on...
by ghariton
15 Jun 2017 21:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BCE (Symbol-BCE)
Replies: 1736
Views: 262871

Re: BCE (Symbol-BCE)

It occurs to me as I watch Bell satellite 720p on my new 4K TV, awaiting a call from Telus on a switch, that satellite TV will show little or no growth and may shrink because it can't handle 4K bandwidth. New technology, in the form of High Throughput Satellites (HTS), is just starting to be implem...
by ghariton
14 Jun 2017 14:20
Forum: Financial News, Policy and Economics
Topic: Protectionism
Replies: 284
Views: 25194

Re: Protectionism

So CETA, Canada's free trade deal with the EU, is due for implementation in July. But there are bumps on the road . As part of the deal, Canada agreed to let in 18,000 of European cheese imports, duty-free. That is essentially an import quota, and presumably worth a lot of money. So who gets the quo...
by ghariton
08 Jun 2017 10:52
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

Ben Snider of Goldman Sachs ponders the death of value investing.

(Spoiler: He thinks it is sick but will recover.)

George
by ghariton
08 Jun 2017 10:39
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

Statistics Canada reports quarterly on private sector trusteed pension plans. From the latest release Pension fund assets held in stocks increased 4.4% in the fourth quarter, while bond holdings decreased 3.5%. The value of mortgage investments has increased steadily over the last two years, rising ...
by ghariton
06 Jun 2017 00:10
Forum: Retirement, Pensions and Peace of Mind
Topic: Strategy for stock market correction
Replies: 29
Views: 1027

Re: Strategy for stock market correction

I'd be planning how you want to provide the liquidity in your RRIF's to provide for the yearly withdrawls. A topic that I seldom see discussed. I'm greatly interested, as I turned 71 this April. RRIF withdrawal is based on your balance at the close of the previous calendar year. If you plan to make...
by ghariton
05 Jun 2017 21:14
Forum: Financial Planning and Building Portfolios
Topic: Fee Based advisor Expectations
Replies: 31
Views: 796

Re: Fee Based advisor Expectations

Since we don't have a fiduciary standard for financial advisers in Canada, there is nothing to be done except move on. Confronting the existing adviser may be emotionally satisfying but would gain you or your friend absolutely nothing. I would make alternative arrangements and then simply send the a...
by ghariton
04 Jun 2017 13:29
Forum: Retirement, Pensions and Peace of Mind
Topic: Pros, Cons and Implications of converting RRSP to RRIF
Replies: 10
Views: 536

Re: Pros, Cons and Implications of converting RRSP to RRIF

As an aside one thing that bugs me is before 65 the first $2000 withdrawn from a RIF does not qualify for the pension tax credit, yet any pension payments do. By coincidence, the public servants who design the tax rules typically have very large pensions and correspondingly small RRSPs/RRIFs. George
by ghariton
31 May 2017 21:59
Forum: Financial News, Policy and Economics
Topic: NAFTA Renegotiation
Replies: 18
Views: 591

Re: NAFTA Renegotiation

From the linked article: Lighthizer's department is not required to publish its specific negotiating objectives until 30 days before the start of talks, meaning precise details about what the U.S. wants to update or add in a reworking of the agreement may not be confirmed until July. So we have to b...
by ghariton
26 May 2017 17:49
Forum: Retirement, Pensions and Peace of Mind
Topic: The Mental Mistakes We Make With Retirement Spending
Replies: 26
Views: 1292

Re: The Mental Mistakes We Make With Retirement Spending

Many of the activities that I enjoy most, are just not that expensive. For example, walking with the dogs in the woods is free (well, gasoline to get to the edge of the woods). A book on the latest academic research on finance is seldom more than USD 100. Music and videos? Free, courtesy of YouTube....
by ghariton
26 May 2017 17:38
Forum: Financial News, Policy and Economics
Topic: Clarification regarding definition of GDP (Gross Domestic Product)
Replies: 2
Views: 109

Re: Clarification regarding definition of GDP (Gross Domestic Product)

Investopedia gives the definition of GDP as the final value of goods and services produced over a given period of time. It can also be the total amount of goods and services consumed. But for e.g. a jeans is produced and it is sitting on the shelf of the store. If no one buys that jeans then it wil...
by ghariton
26 May 2017 17:20
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

Statistics Canada reports on Canadian incomes for 2015 (notice the customary time lag before compilation and publication) The median after-tax income of Canadian families and unattached individuals was $56,000 in 2015, virtually unchanged from 2014. Since the start of the Canadian Income Survey in ...
by ghariton
25 May 2017 17:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Bank of Montreal (Symbol-BMO)
Replies: 434
Views: 82794

Re: Bank of Montreal (Symbol-BMO)

I'm glad I no longer pick individual securities.

George
by ghariton
25 May 2017 12:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: This Signals The End Of Central Banks: Epic Warning Shot
Replies: 15
Views: 1088

Re: This Signals The End Of Central Banks: Epic Warning Shot

I think it's worth re-reading the opening post of the thread, written less than a year ago. :) It could have been written any time in the last forty years. I remember Joe Granville saying the same thing in the early 1980s. Maybe it's just that all these forecasters are a bit too early. We should re...
by ghariton
24 May 2017 19:17
Forum: Retirement, Pensions and Peace of Mind
Topic: The Relationship Between Guaranteed Income And Safe Withdrawal Rates
Replies: 41
Views: 1498

Re: The Relationship Between Guaranteed Income And Safe Withdrawal Rates

I personally find the 4 % rule useful, albeit in a different way than it is usually discussed. Every year I calculate my real return for the past year. If it is above four per cent (as it usually is), I feel free to give away the excess. If it is less, then I carry over the shortfall to the next yea...
by ghariton
22 May 2017 14:10
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

I feel badly intruding on such an interesting conversation, but after all, this is the "clippings" thread. Jamie Dymon thinks that the world economy is set to do very well: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains optimistic about the global economy and the prospects ...
by ghariton
21 May 2017 21:07
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

it's definitely a personal preference for lowering my portfolio's exposure to the inflation risk of nominal bonds. Me too. I come from a part of the world where inflation was significant, and got completely out of control from time to time. Plus my mortgage came up for renewal in 1982. The same app...
by ghariton
21 May 2017 18:33
Forum: Financial News, Policy and Economics
Topic: Brexit: Food Supply
Replies: 3
Views: 214

Re: Brexit: Food Supply

Thank you for the link. I really should pay the Guardian, given the number of free stories on their site that I read.

The U.K.'s labour issues remind me of the debates in Canada concerning our temporary foreign worker program.

George
by ghariton
21 May 2017 18:19
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

longinvest wrote:
21 May 2017 17:45
I think that the risks of a narrow market can be more effectively to diluted by investing into other assets (such as bonds and international stocks), instead of tilting one's investments into the market's smaller corners.
Indeed.

But then you run into home country bias.

George
by ghariton
21 May 2017 11:36
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 127
Views: 6735

Re: Clippings 2017

Ironically, all the super-rich made their fortunes through stock concentration! You concentrate to make money (if you can stand the risk) and diversify to keep it. ... all the while keeping in mind that most people suffer from over-optimism bias. To Keith Cowan's point, most of the super-rich did n...