I agree that it is not great for the majority of the market... unless you're selling liquidity.
Search found 185 matches
- 21 Feb 2024 14:41
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Preferreds
- Replies: 2578
- Views: 318360
Re: Preferreds
- 19 Feb 2024 15:26
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Decumulation? Really?
- Replies: 94
- Views: 5662
Re: Decumulation? Really?
VFV (unhedged S&P500) has more than doubled since 2019. Canadian CPI is up 18.7% (158.3/133.4).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.
- 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.
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.
- 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.
https://money.tmx.com/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.
TMX also has historical Canadian stock prices. Just search for the stock and look up "Trade History / Price History"
- 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?
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? ThanksYes, there most certainly is: https://www.cppcalculator.com/
- 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!
Archived globe article:
https://archive.ph/z5SYM#selection-2079.0-2079.65
Shoutout to Stan Davey from Winnipeg and the Webring Forum!
- 24 Jan 2024 17:49
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: What is the value of your TFSA today
- Replies: 24
- Views: 1819
Re: What is the value of your TFSA today
Much over $250k. CSU.
- 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.
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?
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?
- 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
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.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.
- 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
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.Unwise wrote: ↑01 Dec 2023 08:48..approximately $6 billion in OAS and GIS payments flow to families with combined incomes above $150,000.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."
- 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
Exceeding $100k, yes, significantly.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. )
- 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!
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!
- 01 Apr 2020 10:40
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Dividend and distribution cuts (2020)
- Replies: 126
- Views: 17691
Re: Dividend and distribution cuts (2020)
A&W Income Fund (AW.UN) - Temporary Suspension of Dividend
https://www.newswire.ca/news-releases/a ... 15461.html
https://www.newswire.ca/news-releases/a ... 15461.html
- 23 Mar 2020 17:13
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Stocks plummeting due to Coronavirus?
- Replies: 139
- Views: 9312
- 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
- 23 Mar 2020 10:14
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Dividend and distribution cuts (2020)
- Replies: 126
- Views: 17691
Re: Dividend and distribution cuts (2020)
NFI Group 50% Dividend cut to $0.2125 quarter
https://www.newswire.ca/news-releases/n ... 13341.html
https://www.newswire.ca/news-releases/n ... 13341.html
- 22 Mar 2020 13:32
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Frothy Equity Markets
- Replies: 1395
- Views: 155882
- 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.
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.
- 19 Mar 2020 15:41
- Forum: Financial News, Policy and Economics
- Topic: Stimulus packages
- Replies: 25
- Views: 4836
Re: Stimulus packages
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?
- 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
- 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
- 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
- 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??)
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??)
- 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...
- 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.
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.