Search found 602 matches

by kumquat
23 Mar 2024 21:47
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2024
Replies: 56
Views: 3436

Re: Housing Market 2024

Norbert Schlenker wrote: 23 Mar 2024 16:47 That's a hint that it's a flow number.

How do you get from there to the headline?
Me? I just quoted the article as you requested. I didn't write the headline, I'm retired and don't do such things. If you don't want a quote, buy your own subscription and read the whole article.
by kumquat
23 Mar 2024 16:41
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Market 2024
Replies: 56
Views: 3436

Re: Housing Market 2024

Norbert Schlenker wrote: 23 Mar 2024 14:54 \
.....
Do investors own 23.7% of Ontario homes at the end of 2023, or did investors buy 23.7% of Ontario homes that sold during 2023? Is that number "stock" or "flow"? It makes a difference.
From the article:
In 2011, multiple-property owners accounted for 15.3 per cent of home purchases, but by 2022 their share of the market reached 25.2 per cent of all homes sold in the province
by kumquat
08 Mar 2024 23:39
Forum: Community Centre
Topic: Nurse Practitioners / Physician Assistants
Replies: 94
Views: 2675

Re: Nurse Practitioners / Physician Assistants

Of course it is about money. Who wants to work for free? My philosophy is that I generally give enough refills until I want or need to assess you again. When I get a fax request for a refill, I have to go through an unpaid dance of looking through your chart seeing how reasonable/terrible it is to not assess you and then decide if I send a small batch or ask you to come back. It is all unpaid work that adds to the daily workload. I had an interesting experience recently. I saw my doc (a specialist) in January. She had changed my medication in when I saw her in November and thought it was improving my condition when I saw her in January. Therefore she gave me a new prescription with a dose increase and scheduled an appointment in mid April....
by kumquat
01 Mar 2024 21:09
Forum: Financial Planning and Building Portfolios
Topic: CDIC Money protection
Replies: 4
Views: 617

Re: CDIC Money protection

Well, since nobody better informed than me wants to comment, I'd say you are correct.

That said, if conditions are such that CDIC has to step in there will be a lot of turmoil, inflation or whatever. I don't worry about CDIC limits simply because if the SHTF, either it is a single entity that won't affect me that much or it's general and won't matter that much since the economic hardships will affect the entire economy/markets.
by kumquat
23 Feb 2024 23:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

I'm a 'hands off' kind of investor. Like Mr. Buffett, I like 'buy & forget'. Today, for some reason I looked at my RUS-T. The price has doubled since I bought it (god knows when) and the dividend was in the 3.5% range. Since I bought it for the yield, I asked myself the old question "would you buy it today if you you didn't already own it"? The answer "not a chance". Trying to convince myself to sell, take the CG hit, and replace with V/X/Z/EQT since my intention is to go to a 'cash wedge' plus equity AA anyway. Oh, well, tax tail wags dog,or not, we'll see.
by kumquat
22 Feb 2024 14:16
Forum: Now Hear This!
Topic: Serving Canadian investors for 18 years and counting ...
Replies: 44
Views: 6664

Re: Serving Canadian investors for 19 years and counting ...

Bylo Selhi wrote: 19 Feb 2024 12:49
...............

It reminds me of the distinction between serving and servicing as in Bill Bernstein's quip, "The stockbroker services their clients the same way Bonnie and Clyde serviced banks."
Or the way Northern Dancer serviced mares?
by kumquat
24 Jan 2024 12:16
Forum: Community Centre
Topic: Computer password security
Replies: 132
Views: 6793

Re: Computer password security

I tried it on my 'ignore list' email. Result was:
Please note: The information displayed may be unfamiliar to you.
Associated name: correct
Associated address: correct
Your IP address may be xxx.xxx.xxx.24, which puts your location around "where you live"
also:
We found 3 breaches where your password was exposed
but nothing identifying those sites
by kumquat
22 Jan 2024 20:07
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10331

Re: Clippings 2024

AltaRed wrote: 22 Jan 2024 18:50
kumquat wrote: 22 Jan 2024 18:40 I love some of this possibly OT stuff.
Seriously? This is..... for another forum.
Rather than criticize me, you could consider suggest the mods move it to the WC or another spot.?
by kumquat
22 Jan 2024 18:40
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10331

Re: Clippings 2024

I love some of this possibly OT stuff. I thought I was old since my first computer was a 155 (replaced soon after I started with a 158). I spent many late nights/early mornings with it testing OS/Hasp mods, Sysgens and other fun stuff.
by kumquat
05 Jan 2024 18:49
Forum: Financial Planning and Building Portfolios
Topic: How did you do in 2023?
Replies: 97
Views: 7491

Re: How did you do in 2023?

Can't be bothered to consolidate. The RRIF, NReg-1 and NReg-2 are within 15% of each other and the bulk of my investments. TFSA is a small %age of total. Back of envelope says 10.5%.

According to RBCDI:

TSFA: 14.06%
NReg-1: 11.65?

According to BMOIL

NReg-2 9.94%

RRIF
gain + withdrawal ~10%
by kumquat
01 Jan 2024 20:36
Forum: Retirement, Pensions and Peace of Mind
Topic: Managing RRIF minimum withdrawal amount
Replies: 21
Views: 2340

Re: Managing RRIF minimum withdrawal amount

There was only one RRIF. The balance was correct assuming they had combined them. AFAIK there was nothing about a minimum withdrawal on any statement.
by kumquat
01 Jan 2024 20:04
Forum: Retirement, Pensions and Peace of Mind
Topic: Managing RRIF minimum withdrawal amount
Replies: 21
Views: 2340

Maybe this wasn't smart.

My wife turned 71 in 2022. She had a RRSP with RBC and a spousal RRSP with RBCDI. The latter was ~5 X the value of the former. Anyway we tried (and I thought succeeded) in combining them in an RRIF with RBCDI. The RRIF account shows the combined balance correctly. She asked them to make the minimum withdrawal on Dec. 15 of each year (setup option). On Dec. 15 she got a deposit in her chequing account of ~1/6th of my calculation of the minimum withdrawal Seems to me they miscalculated the minimum.

Anyway we waited and watched. Nothing more happened. Is this going to give us a problem with CRA?
by kumquat
19 Dec 2023 20:25
Forum: Financial Planning and Building Portfolios
Topic: Stocks versus ETFs
Replies: 102
Views: 6779

Re: Stocks versus ETFs

OK, for the equities portion of my portfolio I'm about40% individual stocks and 60% ETFs. I have no AA ETFs.

All of my individual stocks are Cdn dividend payers that I have held for many years. I haven't added to them as all new buys (last several years) are VUN, XIU and (now) VEQT.
by kumquat
08 Dec 2023 22:11
Forum: Taxing Situations
Topic: UFile 2023
Replies: 28
Views: 3638

Re: UFile 2023

WOW, I can save $3.50 on a 4-return license. That in itself is worthy of an entire thread on FWF.
by kumquat
27 Nov 2023 23:21
Forum: Taxing Situations
Topic: OAS • Subsidies to rich seniors make no sense
Replies: 198
Views: 8465

Re: OAS • Subsidies to rich seniors make no sense

longinvest wrote: 27 Nov 2023 21:31
Kumquat, do you have any evidence of the federal government defaulting on any of its bonds? Each bond has coupon dates and a maturity date.

I always have a balance on my credit card, yet I pay no interest because I fully pay each statement balance in full on the due date. It appears that our government does also respect the due date on its bonds.
You pay the balance with cash earned elsewhere. When was the last time the federal government redeemed a bond by other means than borrowing more? Certainly not since 2015.
by kumquat
27 Nov 2023 21:04
Forum: Taxing Situations
Topic: OAS • Subsidies to rich seniors make no sense
Replies: 198
Views: 8465

Re: OAS • Subsidies to rich seniors make no sense

longinvest wrote: 27 Nov 2023 18:39 \ In bad times, money can be borrowed (possibly at low rates). When times get better, the debt can be reimbursed.

Surely you jest. When were times good enough (under this government) to reimburse the debt?
by kumquat
04 Aug 2023 21:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you Buy? What might you buy? (2023)
Replies: 193
Views: 30508

Re: What and why did you Buy? What might you buy? (2023)

Hogwild wrote: 04 Aug 2023 00:50 .....

Russia is our main supplier of Uranium.

....
I think Canada is the second largest supplier in the world and the largest supplier of Canada.
by kumquat
01 Jul 2023 19:27
Forum: Retirement, Pensions and Peace of Mind
Topic: Value of a defined benefit pension
Replies: 22
Views: 2082

Re: Value of a defined benefit pension

formerpatriot wrote: 01 Jul 2023 16:00

If wife and I both die in 10 years, the pension is gone. Nothing left for the kids.
With $1,825,000 and a 4% withdrawal rate, if wife and I both die in 10 years, there will probably be a lot left for the kids.
Therefore, I don't think my pension is worth $1,825,000.
By your reckoning (and I agree), your pension is an income stream that will stop with your death(s). It has no value beyond that. So, enjoy it and don't fret about it, it doesn't matter.
by kumquat
13 Jun 2023 22:00
Forum: Retirement, Pensions and Peace of Mind
Topic: Life insurance for estate capital gains (e.g. vacation property gains)
Replies: 11
Views: 700

Re: Life insurance for estate capital gains (e.g. vacation property gains)

Nor have I crunched the numbers (since I don't know what they are).

My take on it is the same as for all life insurance:
  • Die today (or relatively soon), good decision
    Die in 20 years, mistake.
by kumquat
13 Jun 2023 21:30
Forum: Community Centre
Topic: A Final Financial Thread [from Shakespeare]
Replies: 70
Views: 6644

Re: A Final Financial Thread [from Shakespeare]

I want to thank you for all the advice you've given us. While I agreed with 90% of your ideas, I was a bit intimidated by your status here to state my objections to the other 10%. Probably a good idea on my part since I was likely wrong. Thanks again and I hope the next transition is easy and peaceful.
by kumquat
31 May 2023 19:36
Forum: Financial Planning and Building Portfolios
Topic: VBAL Everywhere
Replies: 412
Views: 100991

Re: VBAL Everywhere

Shakespeare wrote: 29 May 2023 17:03
ACB errors from distributions in non reg for VBAL aren't going to have a big enough tax error to be worth losing sleep over. There are better things to do.
Shakespeare wrote: 31 May 2023 17:51 Most us don't see what the big deal is.
While I have been following this thread, I ask myself why. I agree withe Shakes. My brokerage book value possible errors are in all probability minuscule. If it's out by even 1% I'd be surprised. IF CRA cares about that 1%, I'd be even more surprised. I'm just going to use the BV numbers and let the chips fall where they may. If CRA does care, I have around 7 digits in ETFs that won't likely be sold until I die. Since my executor is going to inherit them (s)he can deal with it. After all, it will be worth it to him/her.
by kumquat
17 May 2023 21:32
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 1024
Views: 259213

Re: Outstanding Financial Pornography

Koogie wrote: 17 May 2023 16:38
kumquat wrote: 17 May 2023 15:37
formerpatriot wrote: 17 May 2023 10:31
Where is Canada on that list?
About $6.3 M according to https://www.pbo-dpb.ca/en/publications/ ... -tendances
That's in Canadian pesos. The clickbait from Forbes was in greenbacks.
Damn, you had to rain on my parade. Since you pointed out I'm not part of the 1%, I think I'll go get free opiates in the DTES. What else can a guy do?
by kumquat
17 May 2023 15:37
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 1024
Views: 259213

Re: Outstanding Financial Pornography

formerpatriot wrote: 17 May 2023 10:31
Where is Canada on that list?
About $6.3 M according to https://www.pbo-dpb.ca/en/publications/ ... -tendances
by kumquat
09 May 2023 22:45
Forum: Taxing Situations
Topic: Help needed for residency status
Replies: 19
Views: 971

Re: Help needed for residency status

Well, you don't value your PR very much, it seems. If you are going to HK as a citizen of the PPC, don't expect ANY assistance from Canada if things go South. If you are going to HK as a citizen of any other country, I'd recommend rethinking it.
by kumquat
21 Apr 2023 00:26
Forum: Community Centre
Topic: Working From Home
Replies: 43
Views: 2159

Re: Working From Home

Marcus Aurelius wrote: 20 Apr 2023 21:16 ..... It works for me because the company was small and I am the boss.
I suspect that this says it all.