Search found 502 matches

by peter
13 Jan 2018 15:11
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2016-2018)
Replies: 233
Views: 11793

Re: Important change to the Amazon.ca Rewards Visa Card program

I am replacing Amex platinum with Amex cobalt, but haven't gotten around to figuring out the annoying difference in MR points between the two. AFAIK the main(only?) difference is you can’t transfer to airline miles. They have to stay separate from MR First for that reason. The staying separate is t...
by peter
13 Jan 2018 13:51
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2016-2018)
Replies: 233
Views: 11793

Re: Important change to the Amazon.ca Rewards Visa Card program

Not getting ripped off on exchange rates seemed reasonable though, not an excessive perk that's expensive to merchants (although Chase might have tried to make up for it through higher merchant fees, of course). I currently have Amazon Visa, PCF MC, and Amex platinum, all of which were very obvious ...
by peter
13 Jan 2018 12:57
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 39
Views: 931

Re: Important change to the Amazon.ca Rewards Visa Card program

Thanks. And with Amex platinum dropping Fairmont I think I'll get a bitcoin wallet plus a corporate credit card.
by peter
13 Jan 2018 12:29
Forum: Under the Mattress: Protecting Your Money
Topic: Important change to the Amazon.ca Rewards Visa Card program
Replies: 39
Views: 931

Re: Important change to the Amazon.ca Rewards Visa Card program

The Chase Marriott card had the same forex as the Amazon card but it's less general as it gave Marriott points instead of cash back and had an annual fee. Marriott points do have reasonable value if you travel, especially in NA and I've had this card before. It would now be the only Canadian Chase c...
by peter
10 Jan 2018 22:51
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you Buy? What might you buy? (2018)
Replies: 53
Views: 3600

Re: What did you Buy? What might you buy? (2018)

Not very exciting, but I bought VAB in the largest financial transaction of my life :) Sold all REITs and some US ETFs so I know have 25% cash/bonds. No interesting individual stock insights but my overall balance sheet has changed so much since I started investing I substantially changed my asset a...
by peter
01 Jan 2018 01:29
Forum: Financial Planning and Building Portfolios
Topic: How Did You Do in 2017?
Replies: 95
Views: 3439

Re: How Did You Do in 2017?

12.5% for 2017, 12.4% for 5 years, 11.7% for 8 years, all calculated with Excel XIRR. 15% REIT, 27.5% Canada, 27.5% US, 22.5% EAFE, 7.5% emerging. Seven years prior to 2017 I had 20% REIT, 25% Canada, 25% US, 22.5% EAFE, 7.5% emerging. I've pretty much always been very close to those targets in prac...
by peter
30 Dec 2017 20:49
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 65
Views: 2474

Re: Are we too old, crusty and conservative

Interesting question what conservative means. I always roughly assumed 60/40 - 40/60 (stocks/bonds) was conservative. Neither 100% fixed income (inflation) nor any 100% stocks is conservative, including 100% dividend paying stocks. The balanced fund range would be conservative but for an individual ...
by peter
30 Dec 2017 16:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Are we too old, crusty and conservative
Replies: 65
Views: 2474

Re: Are we too old, crusty and conservative

Scary that I'd be old and crusty in my forties, but I'm contemplating going to 25 or 30% bonds/cash, after 15 years or so of 100% stocks, ditching REITs as separate category. That would make my portfolio almost a typical standard four fund couch potato portfolio, with mostly individual stocks for Ca...
by peter
20 Nov 2017 21:14
Forum: Under the Mattress: Protecting Your Money
Topic: Would you pay an annual fee to join a loyalty program?
Replies: 9
Views: 504

Re: Would you pay an annual fee to join a loyalty program?

I'd consider paying and don't mind the concept, but if the linked article has the complete list of benefits it's not worth it for me. I actually dislike that I have to 'load' offers on the PCF master card, but the value of the points and the prices of the local Superstore are a no-brainer otherwise.
by peter
24 Aug 2017 18:24
Forum: Under the Mattress: Protecting Your Money
Topic: Aeroplan
Replies: 417
Views: 27975

Re: Aeroplan

For most Canadians MileagePlus will be of dubious value though. Why do you think that? Accumulating miles on economy flights is very slow and like Air Canada United has also reduced benefits and made criteria tougher in the past few years. I don't think there are credit cards in Canada with Mileage...
by peter
23 Aug 2017 18:13
Forum: Under the Mattress: Protecting Your Money
Topic: Aeroplan
Replies: 417
Views: 27975

Re: Aeroplan

MileagePlus, the loyalty program of United Airlines. Since United and Air Canada are both in Star Alliance you can book flights on both with points from either AC or United. For most Canadians MileagePlus will be of dubious value though.
by peter
15 Aug 2017 01:07
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Should I sell my house and buy a townhouse??
Replies: 24
Views: 1060

Re: Should I sell my house and buy a townhouse??

Exhausting your TFSA contribution room is almost always a good move but.. I would suggest going over this more precisely before deciding anything. As an example.. What commission do you expect to pay in selling your home? If it is more than 4.5% then you are not going to net 200K even if you can bu...
by peter
09 Aug 2017 18:41
Forum: Under the Mattress: Protecting Your Money
Topic: Converting $Cdn to Euro
Replies: 29
Views: 1031

Re: Converting $Cdn to Euro

Here's Yahoo's graph. Best viewed within 24 hours. https://ca.finance.yahoo.com/quote/CADEUR=X To complicate life it displays (at least here) in British Summer Time - so it's 8 hours ahead of BC. Mostly around 0.670 - ie €670 for $1000, better earlier in the day. Yesterday (possibly the base for to...
by peter
06 Aug 2017 22:18
Forum: Under the Mattress: Protecting Your Money
Topic: Converting $Cdn to Euro
Replies: 29
Views: 1031

Re: Converting $Cdn to Euro

In your case I'd just pay the 2.5% with a Chase Amazon visa or similar card with no additional obvious forex markup. I've paid for travel where credit cards are not easy or have significant surcharges before and was forced to wire, but from Canada wiring is very primitive and generally quite expensi...
by peter
22 Jul 2017 15:31
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 57
Views: 2738

Re: I really could use some feedback and help...

I'd take the commuted value and put it to work. The value of a DB pension is not in the first 20 years of contributions. It is in the last 10 years of contributions when the multipliers, including percentage of final salary (or last 5 years or whatever) makes all the difference. Letting it sit for ...
by peter
22 Jul 2017 15:16
Forum: Financial Planning and Building Portfolios
Topic: I really could use some feedback and help...
Replies: 57
Views: 2738

Re: I really could use some feedback and help...

I don't get why there is so much reluctance to touch a DB plan? I don't remember what my pension would be at retirement if I quit today. I think it was something like $10,000-13,000? At the age of 55 or so. Assuming I live until 85 (hopefully longer) I would collect about 390k from it. Then you als...
by peter
15 Jul 2017 15:33
Forum: Retirement, Pensions and Peace of Mind
Topic: Investment changes in retirement
Replies: 132
Views: 5168

Re: Investment changes in retirement

The main uncertainty in many scenarios in this thread is investment returns. No matter how accurately you can calculate taxes and the effects of having $42,331.66 in investment income vs. $39,332.64, that is only marginally useful if you don't know the investment income in more detail than 'most lik...
by peter
21 Jun 2017 12:36
Forum: Financial Planning and Building Portfolios
Topic: What would you tell someone who wants to get started investing?
Replies: 70
Views: 2486

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 peter
15 May 2017 00:55
Forum: Under the Mattress: Protecting Your Money
Topic: Aeroplan
Replies: 417
Views: 27975

Re: Aeroplan

So you have found a way to travel for free with AP.? Please share! Not exactly free, but some tickets have minimal costs if you avoid Air Canada and some other carriers. Flyertalk forum will explain which ones. $20-$25 CAD per leg for Shanghai/Bali or Bali/Hong Kong in business class on Singapore A...
by peter
12 May 2017 15:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Aimia (Symbol-AIM)
Replies: 21
Views: 1164

Re: Aimia (Symbol-AIM)

How about this scenario. Air Canada needs to build up a new loyalty program. Aimia share price has significantly dropped. Would it cost Air Canada less to purchase Aimia than to develop and getting running their new loyalty program? You mean right now? Or guess that 3 years from Aimia will be worth...
by peter
12 May 2017 00:28
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 630
Views: 45771

Re: Canadian Banks

I'll bet it's the bank most likely to walk into a sharp object (CIBC).
by peter
11 May 2017 23:24
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Aimia (Symbol-AIM)
Replies: 21
Views: 1164

Re: Aimia (Symbol-AIM)

I cancelled my TD Aeroplan card this morning. The guy on the phone went through his script and asked why, and laughed a little when I said I had given up on Aeroplan. I got a strong impression this wasn't the first time he had heard that. I don't see how the CIBC/TD/Amex premium Aeroplan cards can p...
by peter
07 Mar 2017 01:08
Forum: Taxing Situations
Topic: VTI in non-registered
Replies: 39
Views: 899

Re: VTI in non-registered

I only hold VTI, VWO and VEA in my IB non-registered account. My T5 slip only shows amounts in box 15 (foreign income) and 16 (foreign tax paid), all other boxes are empty (except SIN and account number boxes).
by peter
28 Jan 2017 21:17
Forum: Under the Mattress: Protecting Your Money
Topic: Umbrella liability insurance - a survey
Replies: 14
Views: 988

Re: Umbrella liability insurance - a survey

One problem with my quote is that it requires increasing liability on both house and car to $2 million. At that point umbrella becomes less interesting if it's primarily meant to increase liability on cars and perhaps someone slipping on the poorly-cleaned sidewalk (does that actually happen?). I wa...
by peter
28 Jan 2017 10:06
Forum: Under the Mattress: Protecting Your Money
Topic: Umbrella liability insurance - a survey
Replies: 14
Views: 988

Re: Umbrella liability insurance - a survey

I tried to get it, through Johnson from Unifund. They offered it last year but I found the process very cumbersome for a company that already has my home/auto insurance and I found their terms not very attractive. Main reason I was interested is rental cars in the US, which continues to be something...