Search found 185 matches

by Dudsy
21 Feb 2024 14:41
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 2578
Views: 318360

Re: Preferreds

Thurman wrote: 21 Feb 2024 11:38 The market is far too thinly traded as is. EMA.PR.A is one with little more than 4 million shares outstanding and it commonly has bid-ask spreads approaching a buck. I don't think we want that for all our preferred shares.
I agree that it is not great for the majority of the market... unless you're selling liquidity.
by Dudsy
19 Feb 2024 15:26
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

I cannot speak for others but I think they are saying over longer periods of time than just 2 years, and they are using nominal rates of return (I know I am in both cases)... CAGR 5, 10, 15 year periods for example.
VFV (unhedged S&P500) has more than doubled since 2019. Canadian CPI is up 18.7% (158.3/133.4).
by Dudsy
17 Feb 2024 22:19
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

I would hazard a guess that many on this forum have been careful with their finances throughout their lives. By 'planning for the worst', what happens in retirement is an excess that isn't spent becoming like a snowball going down a long slope (Buffett). Except in this case, it's more than just compounding... it's compounding each year on top of an excess that isn't spent each year. It actually can get silly large.

We ended up doing the opposite of conventional thinking in retirement and several years back we traded houses (same size) for one that was twice the price. Not really decumulation I guess.
by Dudsy
09 Feb 2024 14:11
Forum: Taxing Situations
Topic: Major tax mistakes. Could use some general advice.
Replies: 31
Views: 1938

Re: Major tax mistakes. Could use some general advice.

AltaRed wrote: 08 Feb 2024 16:44 Ditto to what Spudd just said. There is no better time than now to work through and resolve past issues and you are making good progress. One suggestion I have regarding the ACB of stocks that were traded in 2015, is to go to the individual websites of the stocks that you traded and see what historical data might be there to 'reasonably guesstimate' the cost basis for these stocks, and if corporate websites do not have this data posted, their Investor Relations departments will have that data.
https://money.tmx.com/
TMX also has historical Canadian stock prices. Just search for the stock and look up "Trade History / Price History"
by Dudsy
08 Feb 2024 13:03
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 518
Views: 88155

Re: Any questions about CPP?

Yes, there most certainly is: https://www.cppcalculator.com/
Are the results in the CPP calculator in real or nominal dollars? That is, if I'm 55 and stopped working and the calculator is showing $800 per month at age 65... when I turn 65 will the cheque be $800 or something higher due to indexing/inflation? Thanks
by Dudsy
06 Feb 2024 14:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 518
Views: 88155

Re: Any questions about CPP?

Why these Canadians waited until 70 to collect their CPP benefits

Archived globe article:
https://archive.ph/z5SYM#selection-2079.0-2079.65

Shoutout to Stan Davey from Winnipeg and the Webring Forum!
by Dudsy
23 Jan 2024 01:48
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: house fire in home I hold a mortgage on
Replies: 10
Views: 1018

Re: house fire in home I hold a mortgage on

If you took back a mortgage on a crack house in Vancouver, the insurance coverage may be less than your 50% mortgage. :D

Joking aside, if you do get paid out, does the owner have to get a new builders mortgage to rebuild the house? Or does the insurance company rebuild the house and your mortgage continues on?
by Dudsy
04 Dec 2023 17:11
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

Nortel'd wrote: 04 Dec 2023 08:05 The 2024 Indexation adjustments for personal income tax and benefit amounts have been posted at Canada.ca.
https://www.canada.ca/en/revenue-agency ... %20amounts

Indexation increase will be 4.7%
The OAS repayment threshold starts at $90,997 up from $86912.
May seem high, however, I suspect some folks have not yet normalized the impacts of inflation. $90,997 is the same as $79,845 in 2021.
by Dudsy
01 Dec 2023 19:43
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

Unwise wrote: 01 Dec 2023 08:48
Bylo Selhi wrote: 24 Nov 2023 12:03 I'm trying to understand how much money is potentially at stake, i.e. if messing with thresholds and percentages is enough to "move the needle."
..approximately $6 billion in OAS and GIS payments flow to families with combined incomes above $150,000.
Tax affect this and the feds can save maybe $4 billion if they remove all OAS payments above combined $150,000. That will never happen. They would be lucky to push through measures to save $2 billion. This will grow as OAS entitlements increase over time, however, with $500 billion of fed spending per year and debt servicing costs that have gone from $24 billion to $44 billion in the last 2 years, its a relative drop in the bucket for political suicide.
by Dudsy
13 Apr 2020 10:38
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2020) - rates
Replies: 787
Views: 54698

Re: High interest savings, GICs and MMFs (2020) - rates

SoninlawofGus wrote: 13 Apr 2020 10:09 Are you planning on exceeding the $100,000 CDIC maximum? If not, the question is "what is the risk of CDIC default"? Many of us here have accounts with far sketchier institutions, and we all sleep well at night if covered by CDIC. (Okay, maybe not quite as well during things like, oh, extreme pandemic financial meltdowns, but still pretty darn well. :D )
Exceeding $100k, yes, significantly.
by Dudsy
12 Apr 2020 17:50
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2020) - rates
Replies: 787
Views: 54698

Re: High interest savings, GICs and MMFs (2020) - rates

We sold our house late last year and have a fair sum taking advantage of the 2.8% at Tangerine

From OSFI (https://www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT.aspx)

For Tangerine Bank, they have only $6.5B in Loans versus $41.8B in deposits and equity. Tangerine is mostly a deposit funding vehicle for Scotia.

To understand deposit risk at Tangerine:
- can I assume the Tangerine entity risk itself is really only Scotia risk (Tangerine deposits $34.9B with Scotia), or
- should I look at it in terms of Tangerine Equity ($2.3B) vs Tangerine Loan ($6.5B) risk, or
- both?

Thanks!
by Dudsy
23 Mar 2020 17:13
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stocks plummeting due to Coronavirus?
Replies: 139
Views: 9312

Re: Stocks plummeting due to Coronavirus?

KFried wrote: 23 Mar 2020 17:06
Dudsy wrote: 23 Mar 2020 16:23 TSX at 11,228 is now below Sept 2000 levels :shock:
Yahoo Finance says April 2012
What then was called the TSE 300 Composite, reached 11,423 on Sept 5, 2000

Just an interesting point of reference.
by Dudsy
23 Mar 2020 16:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stocks plummeting due to Coronavirus?
Replies: 139
Views: 9312

Re: Stocks plummeting due to Coronavirus?

TSX at 11,228 is now below Sept 2000 levels :shock:
by Dudsy
22 Mar 2020 13:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Frothy Equity Markets
Replies: 1395
Views: 155882

Re: Frothy Equity Markets

Thegipper wrote: 22 Mar 2020 07:38 I am starting to think that things are different this time. Covid19 is clearly an extremely unique event and its impacts are far reaching.
Does this mean you will be selling?
by Dudsy
20 Mar 2020 15:09
Forum: Community Centre
Topic: So what happens next?
Replies: 134
Views: 4151

Re: So what happens next?

Test, test, test

In Canada we are testing (somewhat) for the antigen. I believe the next stage, to restart things, it to look at widespread antibody testing. After this first wave there may be more people that have the antibodies than we'll realize, given the asymptomatic nature of this virus. Perhaps everyone that gets a positive antibody test is given some form of identification (wristband?) to get them back in circulation. I know if I had the antibodies, I'd sure want to know instead of unnecessary isolation.
by Dudsy
19 Mar 2020 15:41
Forum: Financial News, Policy and Economics
Topic: Stimulus packages
Replies: 25
Views: 4836

Re: Stimulus packages

Shante wrote: 19 Mar 2020 15:20 My personal spending is way down because I'm housebound not because I'm scared to spend. In the current situation the main issue is ensuring that the entertainment, travel and restaurant businesses still exist.
We'll definitely see shorter-term deflation. Longer-term, with all this stimulus, you would expect to see noticeable inflation. However, this did not prove to be the case after 2008. I'm not sure why. Perhaps someone has an explanation?
by Dudsy
18 Mar 2020 12:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2020)
Replies: 1015
Views: 80772

Re: What did you Buy? What might you buy? (2020)

jay wrote: 18 Mar 2020 11:58 In my TFSA which I use for trading Canadian small/mid caps , bought AD, MTY, SRU.UN, EIF, IPL ... shocking prices
Be careful around adding too much of AD. I have no specific information, however, I'd expect more issues to pop up around some of their investments.
by Dudsy
18 Mar 2020 11:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stocks plummeting due to Coronavirus?
Replies: 139
Views: 9312

Re: Stocks plummeting due to Coronavirus?

TSX is now 20% below June 2008 levels
by Dudsy
17 Mar 2020 21:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2020)
Replies: 1015
Views: 80772

Re: What did you Buy? What might you buy? (2020)

AltaRed wrote: 25 Feb 2020 15:32 I would avoid anything in the travel space at this point. I don't think we are remotely done with the virus yet. Travellers from Iran might be blowing it wide open, in areas of the world ill equipped to deal with it.
Words of wisdom.
by Dudsy
16 Mar 2020 23:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Buying the Crash / Getting in at the Bottom / Timing the Market
Replies: 191
Views: 8689

Re: Buying the Crash / Getting in at the Bottom / Timing the Market

Two (more) things are telling me to hold off from buying back into the market at this time:

1) I'm shocked at how many people I personally know who are still blissfully unaware of the tidal wave that's coming
2) when Trump today said the 'crisis could last until July or August' and the market quickly dropped another 2-3% (really... do investors think this will be over in a couple of weeks??)
by Dudsy
16 Mar 2020 22:40
Forum: Community Centre
Topic: Coronavirus (COVID-19) - stats and amateur epidemiology
Replies: 4257
Views: 152448

Re: Coronavirus (COVID-19) - community and consumer impacts?

World Health Organization has a worst case scenario of an infection rate of 30 per cent to 70 per cent. Repeated by leaders such as Angela Merkel. Today I heard a professor of epidemiology forecast 80 per cent. Snip We have had pandemics before: Asian flu in the 1950s, Hong Kong flu in 1967-68, SARS, MERS, swine flu in 2009. None of them reached these astronomical rates of infection (and yet at least two of them were also corona viruses). What am I missing? George Two things - the flu is mostly infectious after you get symptoms, and you get enough symptoms to know you're sick very quickly - about a day. With COVID-19 the average person is running around infecting people for about a week before they get symptoms - and can also infect people...
by Dudsy
16 Mar 2020 14:49
Forum: Community Centre
Topic: Coronavirus (COVID-19) - stats and amateur epidemiology
Replies: 4257
Views: 152448

Re: Coronavirus (COVID-19) - community and consumer impacts?

Very good synopsis of COVID19 by Michael Osterholm (google him...he's ex top management of CDC, etc).

Short Version:
https://www.youtube.com/watch?v=cZFhjMQrVts&t=15s

Long Version:
https://www.youtube.com/watch?v=E3URhJx0NSw&t=148s

Apparently he gave an update in earlier this year to a large audience of NY hedge-fund types and everyone's face went white.

The concerning thing he mentions, that I'm starting to see referenced elsewhere, is the virus can stay suspended in air.
https://www.cnbc.com/2020/03/16/who-con ... n-air.html

Everyone please be safe.