Search found 10915 matches
- 22 Mar 2024 22:09
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33152
Re: Best Credit Card (2021 - 2025)
I'm deciding whether to get a Rogers MasterCard or a WealthSimple debit card. Rogers offers 2% cash back, extra % on Rogers services, and ~3% on U$ purchases, plus an FX fee, and is a CC. You are severely understating how good the Rogers WE card is soon going to become. "Extra % on Rogers service" is 1.5 times the regular value of anything you earn, anywhere . So say you put, in an average month $3,000 on it (groceries, Costco, anything goes). Say you also have a Rogers/Fido/Shaw cable/phone bill of $90 that's included in the monthly spend. Regular earnings are 2% of $3k, or $60. If you choose to redeem them against the R/F/S bill, you get a redemption value of 1.5 x $60 = $90, wiping out your bill. For USD spending, earnings are...
- 20 Mar 2024 14:44
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: T+1 Settlement is Coming! On May 28, 2024
- Replies: 58
- Views: 2695
Re: T+1 Settlement is Coming! On May 28, 2024
Nowadays it's T+2, so it works regardless of the time the stock order fills.nice4 wrote: ↑20 Mar 2024 14:35 How TDDI people deal with situation like your trade (buy order) does not go through until 3:01pm and your sell order of TDB8150/TDB2913 has no chance to catch the T+1 settlement for your trade ? Seems like one must place BOTH these orders at once, then if the buy order never go through, cash from your MMF or HISA will be left in your account for nothing, sure one can buy back MMF/HISA next day but this is very annoying practice.
With T+1, one will have to do it the way you describe, or alternatively cancel the stock order at 14:59 so that it doesn't fill in the next hour.
- 07 Mar 2024 23:10
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Buying individual stock on US vs CDN exchange
- Replies: 6
- Views: 322
Re: Buying individual stock on US vs CDN exchange
Actually, there's a perfectly good reason for Shell or Imperial or Suncor to sell gasoline at higher cost to you than they could sell it for in Buffalo, NY or Seattle, WA, and it's due to the plethora of gas taxes this side of the border.
- 07 Mar 2024 08:28
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2021 - 2025)
- Replies: 515
- Views: 33152
Re: Best Credit Card (2021 - 2025)
Wise Prepaid Credit Card I use the Wise service to transfer money from TD chequing to my bank in Mexico. It involves an Interac payment to Wise followed by an immediate transfer to the Mexican Bank. The cost is $2.44 of the bank transfer amount of $5995 (plus Interac fee) and is in the account within half hour of initiating the transfer. When I go to Europe, I need to pay the remaining 50% of the AirBnB when I check in. I tried using the Home Trust card with a prepaid amount but then refilling it was a time-consuming pain using bill payment. With the Wise prepaid credit card, the first part is the same but I leave the money at Wise. All transfers out are at the spot exchange rate for the currency chosen. Their credit card can be used anywh...
- 27 Feb 2024 08:29
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16777
Re: High interest savings, GICs and MMFs (2024)
I don't think this has been mentioned yet but it seems that TING is coming out with their own Money Market Fund , INI500. So far no published returns or even MER. Is this the end of monthly ISA lotteries and interest rate promos? Assuming that their MMF return is competitive with the usual suspects then why would anyone want to keep money in an ISA that pays 0.70%? The MMF is going to be available in their investment accounts (together with their portfolio options), that's a very different (and limited) target audience. I would venture to guess that the number of clients having ISA's outnumbers the ones who have investment accounts by an order of magnitude or more, and few of those will be enticed to open one just for the sake of the MMF.
- 21 Feb 2024 10:32
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: one-stock equity portfolios
- Replies: 26
- Views: 1050
Re: one-stock equity portfolios
As Ronald Reagan once said: trust, but verify.
25% compounded for 15 years grows to over 28 times the original investment, not 6.5 times.
Nevermind it's a little more than 15 years and "more than 25% per year".
https://en.wikipedia.org/wiki/Beardstown_Ladies comes to mind...
- 15 Feb 2024 13:57
- Forum: Under the Mattress: Protecting Your Money
- Topic: EasyWeb Online Banking
- Replies: 162
- Views: 14968
Re: EasyWeb Online Banking
IIRC it's going to cost you $2 per month.Bylo Selhi wrote: ↑12 Feb 2024 21:43 Yabbut I wanna make a statement by getting TD to snail mail my statements.
- 05 Feb 2024 08:38
- Forum: Retirement, Pensions and Peace of Mind
- Topic: CPP and QPP Calculator
- Replies: 143
- Views: 26462
Re: CPP and QPP Calculator
As far as I can remember, YMPE was always a multiple of $100.longinvest wrote: ↑03 Feb 2024 12:16 The 107% amount is truncated down to a multiple of 100. Interesting. I'll change the calculation when implementing 2024 QPP changes.
- 09 Jan 2024 13:44
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2024)
- Replies: 200
- Views: 16777
Re: High interest savings, GICs and MMFs (2024)
Today, CIB237 CIBC Money Market Fund shows a yield of 7.16% at TDDI.
Maybe a one day wonder
Maybe a one day wonder
- 08 Jan 2024 14:54
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending
- Replies: 7
- Views: 332
Re: Securities Lending
Okay, but your fully paid securities, even in a margin account, cannot be lent out (unless you sign another agreement). Yes, security lending is a separate issue from paid order flow - the two seem to be mingled a bit here in the thread. Wealthsimple's (opt-in) lending program is described here; they share part of what they make lending with the owners of the security (pooled among all those opting to lend a security, proportionally). https://help.wealthsimple.com/hc/en-ca/articles/9509140050587 Speaking of Payment for Order Flow (PFOF) - I don't care if my broker (TDDI) makes money out of routing my order, as long as they give me the best possible price. To make a comparison with buying a new car: it's really none of my business if the ca...
- 08 Jan 2024 14:18
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending
- Replies: 7
- Views: 332
Re: Bribes from Discount Brokers
Okay, but your fully paid securities, even in a margin account, cannot be lent out (unless you sign another agreement).NorthernRaven wrote: ↑08 Jan 2024 13:20 https://help.wealthsimple.com/hc/en-ca/ ... 7208217755
You can't opt out of the Wealthsimple paid US order flow. I'd be surprised if any of the other Canadian brokers that do this have an opt-out either.
- 06 Jan 2024 12:56
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending
- Replies: 7
- Views: 332
Re: Bribes from Discount Brokers
I guess TDDI is making money by lending your holdings to short sellers so even they make a few points on portion of your 5MM portfolio, times how many accounts they have, it's not a small amount. The above was written a few months ago, but allow me to correct a common misconception: Canadian brokerages are not allowed to lend fully paid securities, even when held in a margin account. So if you do not borrow money on margin, your securities cannot be lend , period. WS does it, not sure about others. https://help.wealthsimple.com/hc/en-ca/articles/9509140050587#:~:text=Wealthsimple's%20Stock%20Lending%20feature%20will,other%20investors%20for%20a%20fee. I guess I wasn't expressing myself clearly: Canadian brokerages are not allowed , without ...
- 06 Jan 2024 10:07
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Securities Lending
- Replies: 7
- Views: 332
Securities Lending
The above was written a few months ago, but allow me to correct a common misconception:johnsmith1 wrote: ↑14 Nov 2023 15:05 I guess TDDI is making money by lending your holdings to short sellers so even they make a few points on portion of your 5MM portfolio, times how many accounts they have, it's not a small amount.
Canadian brokerages are not allowed to lend fully paid securities, even when held in a margin account. So if you do not borrow money on margin, your securities cannot be lend, period.
Split from Bribes from Discount Brokers - Moderator W
- 15 Nov 2023 12:28
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Any questions about CPP?
- Replies: 518
- Views: 88137
Re: Any questions about CPP?
Looking for relevant information regarding CPP calculations: If an individual is 46 years old in 2023 and has contributed only for 2022 and 2023 but never contributes thereafter nor did he contributed anything in past, what would be their pension at age 65 in Ontario, Total contribution including employee and employer is about 8k. TIA Napkin math suggests this individual would qualify for 2/39ths of the monthly maximum payout (about $1,300) x 60%, or about $40 a month. That is one darn accurate napkin that you're using! There wasn't enough space on the napkin to state that $40 is in 2023 dollars, and will be increased by inflation* forever. * rate of YMPE growth from 2023 until he decides to take the pension in 2042. and * inflation rate f...
- 06 Nov 2023 15:23
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: HISA ETFs / Cash ETFs
- Replies: 64
- Views: 7574
Re: HISA ETFs / Cash ETFs
Folks, you will want to keep a close watch on how the various product sponsors respond to this news. Well, the verbal response directly above doesn't fill me with confidence: Som Seif, chief executive of Purpose Investments, the fund company that launched cash ETFs in Canada a decade ago, took issue with that characterization. “Frankly, this is once again OSFI showing that they don’t care about the end Canadian,” he said in an interview. Mr. Seif doesn't think that preventing bank runs is "caring" about end Canadians? With the fickle popularity of the internet age, Purpose or Horizons could easily have a Silicon Valley Bank liquidity event. Mr. Seif has lost all credibility in my eyes when his company started to offer a Bitcoin E...
- 05 Oct 2023 22:00
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: ETF - Annuities "look alike"
- Replies: 33
- Views: 2563
Re: ETF - Annuities "look alike"
You have recency bias right in your enumeration, by missing the naughty child of the Big-5, namely CIBC. It used to be in the top 3-ish around 40 years ago or so. TD was much smaller then...ole'trader wrote: ↑21 Sep 2023 12:10 Canadian bank history of the top four, namely: RY, BMO, TD, BNS - can anyone recall dividends ever being reduced, much less omitted in 150 to 180 years of their existence history ??
Granted, CM's performance was quite alright in the last couple of decades, thank you very much (it's my largest bank holding, BTW).
- 02 Oct 2023 14:08
- Forum: Financial Planning and Building Portfolios
- Topic: Finding MER for employer DC pension options
- Replies: 47
- Views: 3109
Re: Finding MER for employer DC pension options
Comparing my situation to queerasmoi's, in my case the 0.11% IMF is internal to the fund; no units from my account are being sold to cover it.
Sometimes more regulation and clarity in how things are operated is a good thing; it seems to be the Wild West in how insurance companies manage their investment offerings.
- 16 Sep 2023 08:03
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Preferreds
- Replies: 2578
- Views: 318319
Re: Preferreds
As long as the CCPC pays dividends (or will, shortly thereafter), any security that pays Canadian dividends is excellent in a CCPC. Those dividends attract zero tax at the CCPC level, and just flow through to the shareholders.hamor wrote: ↑15 Sep 2023 20:46 So basically, similar to dividends (oversimplifying here), we say "I don't care about the price of the cow, as long as it gives me milk".
I understand preferred shares are normally held in non-registered accounts, what about CCPC?
Is it a good or bad idea to buy an ETF?
- 13 Sep 2023 12:51
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87816
- 12 Sep 2023 15:43
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87816
Re: High interest savings, GICs and MMFs (2023)
TDDI screenshot, faking a Buy Order.queerasmoi wrote: ↑12 Sep 2023 12:26That seems highly suspect. What is your data source? None of its holdings are anywhere close to that yield.
- 12 Sep 2023 11:33
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87816
Re: High interest savings, GICs and MMFs (2023)
And over 7.5% for the US$ money market fund from CIBC:
- 12 Sep 2023 11:30
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87816
- 30 Aug 2023 13:07
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Preferreds
- Replies: 2578
- Views: 318319
Re: Preferreds
As ZPR's price is inching towards my ACB/unit, I'm gtting ready to add some more.
"Don't let a good crisis go to waste!"
- 28 Aug 2023 11:59
- Forum: Under the Mattress: Protecting Your Money
- Topic: High interest savings, GICs and MMFs (2023)
- Replies: 1056
- Views: 87816
Re: High interest savings, GICs and MMFs (2023)
Following an age old art:queerasmoi wrote: ↑28 Aug 2023 08:21 And yes they *should* offer current customers fair interest rates on an ongoing basis. But realistically their business model probably relies on having a bunch of customers who park money without noticing they aren't getting much interest.
Jean-Baptiste Colbert, finance minister of the Sun King wrote:the art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing.
- 24 Aug 2023 14:39
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Preferreds
- Replies: 2578
- Views: 318319
Re: Preferreds
The L series currently trades about $3.25 cheaper than the K series. Interesting. There is probably $0.42 of yield lost over the next 10 months, so if I increase the $16.78 to $17.20 and expect the same 7.85% in 10 months, then I would want 1.376 of dividend. That assumes a 3.24% GoC5Y bond. I would have to concur, but I personally feel psychological resistance making the bet. Another twist worth mentioning, IMO: If one divines that GOC5 rates are going to drop to 3.24% (or lower) in 10 months, going further in time with this scenario means that an investor in the L series will have 10 more months to enjoy a constant (presumably higher at the tail end) dividend compared to a K investor. That would make up for some, if not all, of the headw...