Search found 10915 matches

by adrian2
22 Mar 2024 22:09
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2021 - 2025)
Replies: 515
Views: 33156

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...
by adrian2
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

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.
Nowadays it's T+2, so it works regardless of the time the stock order fills.

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.
by adrian2
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

AltaRed wrote: 07 Mar 2024 09:56Even your gasoline would jump in price on a loonie basis since oil price is in USD. There is no reason for Shell or Imperial or Suncor to sell gasoline at lower cost to you than they could sell it for in Buffalo, NY or Seattle, WA.
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. :evil:
by adrian2
07 Mar 2024 08:28
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2021 - 2025)
Replies: 515
Views: 33156

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...
by adrian2
27 Feb 2024 08:29
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2024)
Replies: 200
Views: 16780

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.
by adrian2
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

robgizz wrote: 20 Feb 2024 22:27 My compounded annually holdings of CYB.TO since 2008 is more than 25% per year, with several in and outs but still holding my initial purchase 15 years ago that is up 6-1/2 times.
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...
by adrian2
15 Feb 2024 13:57
Forum: Under the Mattress: Protecting Your Money
Topic: EasyWeb Online Banking
Replies: 162
Views: 14971

Re: EasyWeb Online Banking

Bylo Selhi wrote: 12 Feb 2024 21:43 Yabbut I wanna make a statement by getting TD to snail mail my statements.
IIRC it's going to cost you $2 per month.
by adrian2
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

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.
As far as I can remember, YMPE was always a multiple of $100.
by adrian2
09 Jan 2024 13:44
Forum: Under the Mattress: Protecting Your Money
Topic: High interest savings, GICs and MMFs (2024)
Replies: 200
Views: 16780

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 :twisted:
CIB237.png
CIB237.png (6.74 KiB) Viewed 2008 times
by adrian2
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...
by adrian2
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

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.
Okay, but your fully paid securities, even in a margin account, cannot be lent out (unless you sign another agreement).
by adrian2
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 ...
by adrian2
06 Jan 2024 10:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Securities Lending
Replies: 7
Views: 332

Securities Lending

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.
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.

Split from Bribes from Discount Brokers - Moderator W
by adrian2
15 Nov 2023 12:28
Forum: Retirement, Pensions and Peace of Mind
Topic: Any questions about CPP?
Replies: 518
Views: 88146

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...
by adrian2
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...
by adrian2
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"

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 ??
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...

Granted, CM's performance was quite alright in the last couple of decades, thank you very much (it's my largest bank holding, BTW).
by adrian2
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

adrian2 wrote: 04 May 2023 17:01 In my case, the DC plan is managed by Manulife.

The MER is called "IMF", i.e., Investment Management Fee, and is quite competitive, as you can see from the attached pdf.

I'm 100% in their US index fund @ 0.11% fee.

Investment Information.pdf
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. :evil:
by adrian2
16 Sep 2023 08:03
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 2578
Views: 318345

Re: Preferreds

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?
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.
by adrian2
13 Sep 2023 12:51
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)

Clason wrote: 13 Sep 2023 10:03 RBCDI shows CIB275 back down to a realistic 5.28%
TDDI also shows the same number.
CIB275.png
CIB275.png (6.74 KiB) Viewed 1792 times
Disconcerting, to say the least, that such variations can possibly occur.
by adrian2
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)

queerasmoi wrote: 12 Sep 2023 12:26
adrian2 wrote: 12 Sep 2023 11:30
poedin wrote: 04 Sep 2023 13:57 Meanwhile via TDDI CIB237 MMF & CIB238 Premium MMF are currently yielding 4.92% & 5.20%.
Over 7% current yield.
CIB237.png
That seems highly suspect. What is your data source? None of its holdings are anywhere close to that yield.
TDDI screenshot, faking a Buy Order.
by adrian2
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:
CIB275.png
CIB275.png (6.71 KiB) Viewed 2225 times
by adrian2
12 Sep 2023 11:30
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)

poedin wrote: 04 Sep 2023 13:57 Meanwhile via TDDI CIB237 MMF & CIB238 Premium MMF are currently yielding 4.92% & 5.20%.
Over 7% current yield.
CIB237.png
CIB237.png (6.69 KiB) Viewed 2226 times
by adrian2
30 Aug 2023 13:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 2578
Views: 318345

Re: Preferreds

schmuck wrote: 30 Aug 2023 12:37 Unfortunately, I've waited too long to get out of ZPR which mostly holds rate resets. The only thing that has kept me in there is the yield of 6% plus, but it might be time to bite the bullet and pull the trigger.
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!" :twisted:
ZPR.png
ZPR.png (11.35 KiB) Viewed 1999 times
by adrian2
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)

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.
Following an age old art:
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.
by adrian2
24 Aug 2023 14:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Preferreds
Replies: 2578
Views: 318345

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...