Search found 288 matches

by cannew
17 Sep 2017 11:37
Forum: Financial Planning and Building Portfolios
Topic: Harvesting of capital gains
Replies: 9
Views: 497

Re: Harvesting of capital gains

When we switched to investing for Income generation, the value of the portfolio lost our interest. Certainly if there was a stock we wanted to get rid of, selling at a high was great, but we no longer worry about selling for capital gains or taking profits (only to look for something else to invest ...
by cannew
17 Sep 2017 11:20
Forum: Financial Planning and Building Portfolios
Topic: Maximum single position size
Replies: 60
Views: 2788

Re: Maximum single position size

87% of our portfolios are in four sectors, Banks, Communications, Pipeline\Utilities and REIT (only 10%) spread among 16 stocks. The largest single stock holding is 23% and we don't own any etf's, funds, bonds and no fees. Not very diversified and all Canadian holdings (sold our two US stocks when d...
by cannew
16 Jul 2017 14:05
Forum: Retirement, Pensions and Peace of Mind
Topic: Investment changes in retirement
Replies: 132
Views: 4257

Re: Investment changes in retirement

Nice to here from so many happy retirees and that there is no one route to getting there. Sometime we (me) get wrapped up in our own method and forget there is more than one way to reach the same point or that each person's goal and needs are different. Not having any pension other than cpp\oas, we ...
by cannew
29 Jun 2017 18:54
Forum: Financial Planning and Building Portfolios
Topic: seeking help in rebuilding my portfolio
Replies: 11
Views: 696

Re: seeking help in rebuilding my portfolio

I am seeking help in rebuilding my portfolio. Thanking you in advance. • Emergency funds: Yes. I have about six months of expenses • Debt: No debts • Marital Status: Single • Tax Rate (Fed + Prov) = 9% • Provincial Residence: Quebec • Age: 68 • Desired Asset Allocation: • RRSP: 10% Bond, 30% Can.Eq...
by cannew
27 Jun 2017 11:20
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

Cannew is a disciple of Tom Connolly's. I subscribed briefly to Connolly's Dividendgrowth newsletter 15+ years ago. Connolly uses "yield on cost" as a rhetorical concept to illustrate to bond investors the comparative advantage of dividend growth (dividends grow, whereas the interest payments on yo...
by cannew
26 Jun 2017 13:43
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

Yield 2015 was 5.71% on rrif MV Yield 2016 was 5.31% on rrif MV You keep asking the questions and when I provide answers I'm "self-congratulatory"? These are the numbers and and they pretty much match with what I'm been saying. The point I've tried to make was that a DG strategy can provide a growi...
by cannew
26 Jun 2017 11:46
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

Again, Beardstown Ladies math. You are either innumerate, or have a mild case of amnesia, or... Put me to shame by disclosing your positions with a 6.095% yield (love all those digits!). Guess I have to eat my words, at least for 2016. In 2015 our withdrawals were $56k while our rrif dividends were...
by cannew
26 Jun 2017 10:41
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

Which means your portfolio yield has to exceed the withdrawal minimum for a mid- 70s individual AND assuming no net re-investment of dividends. IOW, 5.5% or better. Yes, 6.095% Again, Beardstown Ladies math. You are either innumerate, or have a mild case of amnesia, or... Put me to shame by disclos...
by cannew
25 Jun 2017 21:30
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

AltaRed wrote:
25 Jun 2017 21:10
Which means your portfolio yield has to exceed the withdrawal minimum for a mid- 70s individual AND assuming no net re-investment of dividends. IOW, 5.5% or better.
Yes, 6.095%
by cannew
25 Jun 2017 20:58
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

You've been repeatedly asked to state your holdings not out of idle curiosity, but because you were claiming stuff that's math-challenged, like the dividend from your holdings covers the RRIF minimum withdrawals. Giving cryptic answers does not enhance your credibility. You probably won't believe t...
by cannew
25 Jun 2017 16:08
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

Re: The Perfect Dividend ETF

I'm often asked what my 18 holdings are, well 95% are ones hes listed. I do have a few I wish I hadn't bought. You've been repeatedly asked to state your holdings not out of idle curiosity, but because you were claiming stuff that's math-challenged, like the dividend from your holdings covers the R...
by cannew
25 Jun 2017 13:05
Forum: Financial Planning and Building Portfolios
Topic: The Perfect Dividend ETF
Replies: 59
Views: 2056

The Perfect Dividend ETF

Here's an article by John Heinzl on his suggestions for the Perfect Dividend ETF: https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20170624/RBGIINVESTORCLINIC fixed Create your own Perfect Dividend ETF: #1 – select 4 to 6 stocks suggested #2 – select 4 to 5 stocks suggested #3 – select ...
by cannew
24 Jun 2017 09:15
Forum: Financial Planning and Building Portfolios
Topic: Dual Citizen (US/CAD) - Investing
Replies: 7
Views: 291

Re: Dual Citizen (US/CAD) - Investing

Bad situation. Here's an article on the subject: http://www.cbc.ca/news/business/taxes/tax-time-2016-us-citizens-tax-shelters-1.3446226 Wonder if funds are with drawn form RRSP if they must also be claimed as US income? Found another article on rrsp: https://serbinski.com/working-in-usa/rrsp After r...
by cannew
24 Jun 2017 09:07
Forum: Financial Planning and Building Portfolios
Topic: Intro
Replies: 7
Views: 520

Re: Intro

If you are married you can get another 50k into her tfsa. I'm also not one to give any advice about Vanguard or etf's in general. If you are interested in diy than check out http://www.dividendgrowth.ca/dividendgrowth/ it will provide a different perspective on investing from etf's. I've followed hi...
by cannew
23 Jun 2017 09:43
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

My rationale for no initial FI is that in the early stages of accumulation, contributions overwhelm return performance. ISTM no meaningful understanding of the emotional impact of an equity pullback is gained in circumstances where a couple of months of contributions are larger than even a bear pul...
by cannew
21 Jun 2017 21:21
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

If she does not save a dollar more, just the forced savings imposed by the DRIP, she will not get very far. Let's say she can only manage $100 per month, which will result in 16 transactions per year, and $1,800 total investment. It makes no practical difference whether she has 12x$100 monthly inve...
by cannew
21 Jun 2017 17:06
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

Widely diversified, low cost index funds such as the ones from Tangerine, PC Financial, TD Bank etc. Mawer Balanced is also a good choice. A single stock carries a lot of risk that can be avoided. Tangerine, PC Financial Mer 1.07% TD Bank Mer 1.91% Mawer Balanced Mer 1.19% to 1.43% Not exactly no f...
by cannew
21 Jun 2017 16:19
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

I've recommended investing with no transaction costs, so my "generic buy" does not involve commissions. So the answer to your question is: the same number of shares / units are purchased with $150 in a DRIP vs. $150 in other money. Investing today vs. next week vs month end vs. quarter end makes no...
by cannew
21 Jun 2017 14:19
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

Did the stock got down 2008\2009, certainly, but as we were not selling additional funds and reinvestments bought a lot more shares. You keep bringing up this red herring about "reinvesting buying more shares". In a non-registered account, money is fungible: salary, interest earned, dividends recei...
by cannew
21 Jun 2017 14:01
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

Now that they are in her name she claims the dividends. Not if she's a minor, if the money came from you dividends must should be claimed on your tax return. Just like a GIC in your wife's name if you were the one giving her the money to invest in a GIC the T4 comes in her name interest should be c...
by cannew
21 Jun 2017 13:20
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

For our grandkids, my wife started DRIP's for both of them (one bank stock each). When the grand daughter turned 18 she took over hers. However, she considers it a long term savings account and has been adding $100 per month, by direct deposit, into it since she took it over. She has never looked a...
by cannew
21 Jun 2017 11:14
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

For our grandkids, my wife started DRIP's for both of them (one bank stock each). I am interested in the mechanics of how to set this up. Can you buy the stock in their name somehow? Hopefully a forum member might have some insight about this. I am well into my 70s. I have two grandchildren and thr...
by cannew
19 Jun 2017 18:43
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

"I'm looking to start investing in something so I can save just slightly faster for vacations, retirement, etc. I don't want to have to watch it everyday, I just want to have to put deposits in on a regular basis and not worry about it" and my bias For our grandkids, my wife started DRIP's for both...
by cannew
19 Jun 2017 17:50
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2408

Re: What would you tell someone who wants to get started investing?

If someone you know said to you "I really want to save, invest, and really do more with my money" where would you get them started? I'd tell them to visit The Connolly Report website. Lots of good information from a guy who has been following his strategy for over 36 years successfully. He does not...