Search found 2602 matches

by deaddog
15 Jan 2018 21:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: unauthorized withdrawal from my i-Trade RIF
Replies: 9
Views: 175

Re: unauthorized withdrawal from my i-Trade RIF

Shakespeare wrote:
15 Jan 2018 18:09
I simply sent a letter asking minimum withdrawals semiannually. I just make sure there is enough cash in the account for the withdrawal. No tax is withheld.
Are you paying tax quarterly?

I have them withhold 30% as that is my marginal rate after I pay tax on everything else.
by deaddog
14 Jan 2018 17:54
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 23
Views: 402

Re: How often to adjust ACB on USD holdings

I'm betting the vast majority of taxpayers that have a US$ brokerage account fail to report US$ cash gains and losses at all. It's a complicated calculation, after all (has to be done for every sell and buy of every security, done on the US$ sub-account). Wouldn't CRA pick that up as the brokerages...
by deaddog
13 Jan 2018 14:52
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: Lessons learned and mistakes made

In summary here is what I think I learned: Don't focus on making money, focus on protecting what you have. It's better to be out of the market wishing you were in, than in the market wishing you were out. It's OK to be wrong. It's not OK to stay wrong. Don't hold on to a stock that is not doing what...
by deaddog
13 Jan 2018 14:49
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

I understand your approach. If you feel comfortable with it, and it works for you, very good. There are many ways to investment success. Each of us must choose a road that he feels comfortable with. That's what we have both done. George I don't know that I'm all that comfortable with the system yet...
by deaddog
12 Jan 2018 12:44
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

Having the courage of conviction would mean sticking with stocks when I'm wrong. That seems like a good way to lose money. I guess that we differ on fundamental versus technical approaches. As has been posted elsewhere on this forum a few times, over the medium and long run, only a handful of stock...
by deaddog
12 Jan 2018 00:06
Forum: Taxing Situations
Topic: How often to adjust ACB on USD holdings
Replies: 23
Views: 402

Re: How often to adjust ACB on USD holdings

FWIW: Here is how I do it. I use the monthly BoC rate for exchange The ABC of any US stock in $Can is determined the month you buy the stock. The ABC never changes with the exchange rate. Proceeds are calculated the month you sell using that months exchange rate. The Dividends and the withholding ta...
by deaddog
11 Jan 2018 23:49
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

According to this approach, you never would have huge windfall profits to start with. You would have sold after the first 20 per cent or 50 per cent (or whatever) rise. No Microsoft for you, no Amazon. FWIW that is the strategy I followed in the mid 1990s. I sold my HP after a reasonable run, missi...
by deaddog
11 Jan 2018 19:54
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

The fact that most all of us missed out on Amazon or Constellation Software should not bother us. No it shouldn't but if you had ridden VRX up since 2009 then you might want to give your head a shake if you are still holding it. The question I ask is if you have a huge windfall stock, why would you...
by deaddog
11 Jan 2018 11:49
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

It may be that I can learn a lesson from the roller-coaster ride, and do better next time. Or it may be that I cannot learn anything from it, or worse, learn the wrong lesson (for example, stay out of the stock market because it is too nerve-wracking). George Hopefully I learned something. Insanity...
by deaddog
11 Jan 2018 11:12
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

I guess it depends on your point of view. If you buy a stock for $11.00 and it went up to $120 then fall to $15 and you sell. Did you make $4 or did you lose $105? The opportunity was there to pocket the $105. The oportunity was also there to pocket significantly more than you sold for eventually al...
by deaddog
11 Jan 2018 10:22
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

It didn't drop that fast. What was going though your mind as you watched your gains disappear. Can't find the exact statistics, but apparently JDSU returned an average annual return of minus 46 per cent over the period 2000 to 2008. That's equivalent to losing half its value every year for eight ye...
by deaddog
10 Jan 2018 23:05
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

To give one example, I bought $15,000 of JDS Fitel in 1997. It peaked at $400,000 in 2000. I eventually sold in 2004 for $25,000. That was a 67 per cent gain on my original investment. Not bad at all. It didn't drop that fast. What was going though your mind as you watched your gains disappear.
by deaddog
10 Jan 2018 22:59
Forum: Financial Planning and Building Portfolios
Topic: Lessons learned and mistakes made
Replies: 39
Views: 884

Re: How Did You Do in 2017?

But that was the conventional wisdom at the time, wasn't it? IIRC almost everyone here was unqualified "buy and hold". Those who increased their cash reserves were considered market timers. But the past 18 years have taught us that if there is thunder and lightning on the horizon, take some shelter...
by deaddog
10 Jan 2018 22:48
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Marijuana Legalization [Investment opportunities]
Replies: 56
Views: 2434

Re: Marijuana Legalization [Investment opportunities]

As long as everyone continues to think it can't go any higher, that it is too risky, that the fundamentals won't support the price, it will probably continue to increase. As soon as we start getting rationalization to support the price it will be time to bail. I might even get some agreement that on...
by deaddog
10 Jan 2018 09:20
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: BMO Investorline
Replies: 524
Views: 55075

Re: BMO Investorline

Got the same thing from Questrade;

I wonder what the normal is?
by deaddog
05 Jan 2018 13:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2018)
Replies: 53
Views: 3482

Re: What did you Buy? What might you buy? (2018)

AX.un & CIX;

Both are in an uptrend making new highs.
Both have a decent dividend,
Longer term trades. AX.un has support around $13.00 nd CIX around $27.50
by deaddog
04 Jan 2018 22:05
Forum: Under the Mattress: Protecting Your Money
Topic: Paying with Paypal using a USD bank account from a canadian bank to avoid conversion fees
Replies: 14
Views: 490

Re: Paying with Paypal using a USD bank account from a canadian bank to avoid conversion fees

The Q still remains - at least for most of us - how do those who use US$ CCs pay those bills from C$ assets? Pay with US dollars from a US dollar account. Fund the US dollar account from US dollar investment account. Either with dividends and capital gains from investing or buy interlisted stocks o...
by deaddog
04 Jan 2018 11:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you sell? What might you sell? (2018)
Replies: 17
Views: 1519

Re: What did you sell? What might you sell? (2018)

MRE;
Had a nice run for the last couple of months but is moving down.

GIL;
Bought early Dec. and hit breakeven today.
by deaddog
04 Jan 2018 11:38
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2018)
Replies: 53
Views: 3482

Re: What did you Buy? What might you buy? (2018)

DOO;
This is a reversal play, expecting the stock to recover from here and resume its uptrend.
A close below 45.50 will prove me wrong and I'll be out
At risk is less than 0.5% of my portfolio
by deaddog
04 Jan 2018 11:22
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 67
Views: 2893

Re: How Did You Do in 2017?

JaydoubleU wrote:
04 Jan 2018 11:00
I'll be counting on my utilities, pipelines, telecoms, etc to provide a bit of a parachute, and to continue paying dividends to soften the impact.
A good plan. A portfolio of dividend growers is like owning a rental property. A nice steady income that increases as time goes by.
by deaddog
04 Jan 2018 10:33
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 67
Views: 2893

Re: How Did You Do in 2017?

Exactly! But I don't have the discipline of a Grantham to know if and when to go to 100% cash moments before the cliff arrives; besides, selling means giving up the income, not to mention the capital gains tax bill... I'm not lucky enough to know where the cliff is. Having the option to sell is lik...
by deaddog
04 Jan 2018 08:31
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 67
Views: 2893

Re: How Did You Do in 2017?

JaydoubleU wrote:
04 Jan 2018 08:04
Following the crowd into the melt-up was a serious mistake in 1999.
My mistake was staying with the crowd on the way down. :)
by deaddog
31 Dec 2017 21:41
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 67
Views: 2893

Re: How Did You Do in 2017?

My benchmark for the year was a portfolio of 4 ETFs. This portfolio was started on July 29th 2016 (I put some money with a financial advisor on that date). Portfolio was equal positions in ZDJ, VCE', VFV and XQQ. Return this year 20.1% The financial advisor did 13.6% (I insisted on 100% equities) A ...
by deaddog
31 Dec 2017 00:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 65
Views: 2466

Re: Are we too old, crusty and conservative

The very risk averse will be found in HISAs and GICs (not marked to market), which give them the illusion of no risk, but in fact expose them to inflation-related losses. The risk-loving will be invested in over 100 per cent equities, using margin. Maybe bitcoin or some IPOs. FWIW I started out wit...
by deaddog
23 Dec 2017 23:19
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 65
Views: 2466

Re: Are we too old, crusty and conservative

... Where is any discussion of the weed stocks that have in many cases been ten baggers? ... IMHO anyone chasing "ten baggers" is a gambler, not an investor. - Sign me old, crusty, & conservative PS - and if you only put 1% of your portfolio into speculative stocks, it's just play money. You're doi...