Search found 898 matches

by optionable68
18 May 2017 17:08
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

My RSP funds finally were transferred to BMO IL. Entire transfer process took 6 weeks which included the departure of my account rep handling my account transfer. Unfortunately, BMO status communications were absent during most of the process unless I initiated them. Will begin to redeploy my cash i...
by optionable68
16 May 2017 20:01
Forum: Financial Planning and Building Portfolios
Topic: ETF Portfolio
Replies: 5
Views: 482

Re: ETF Portfolio

Considering you only have $5k, you may want to consider TD e-series index funds over ETFs until you accumulate enough money to negate the trading commissions
by optionable68
15 May 2017 21:20
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

hamor wrote:
13 May 2017 11:57
which ETFs?
optionable68 wrote:
09 May 2017 22:17
optionable68 wrote:
04 May 2017 20:37
My offer:

"Earn 2.5%* interest tax-free on new TFSA deposits until August 31, 2017."
I`ve grown a bit weary of chasing Tangerine for short term rates. Moving my TFSA to iTrade - will buy 2 low cost ETFs and let it ride.
50% XIC and 50% VFV
by optionable68
13 May 2017 19:19
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: The Second Cup Ltd. (TSX.SCU)
Replies: 6
Views: 199

Re: The Second Cup Ltd. (TSX.SCU)

IMHO there is simply a clear 3-way race for coffee chains (SBUX, Tim Hortons, McDs) with very high barriers .... remember what happened to Timothy's ? Country Style? Not sure Second Cup has what it takes to hit the big leagues.
by optionable68
09 May 2017 22:17
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

optionable68 wrote:
04 May 2017 20:37
My offer:

"Earn 2.5%* interest tax-free on new TFSA deposits until August 31, 2017."
I`ve grown a bit weary of chasing Tangerine for short term rates. Moving my TFSA to iTrade - will buy 2 low cost ETFs and let it ride.
by optionable68
09 May 2017 22:12
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

Well, its been a month of waiting for my RSP transfer to BMO Investorline . Funds still have not arrived there yet. I am waiting patiently. As an aside, I just dropped off all the forms to transfer my Tangerine TFSA to Scotia iTrade . I don`t know anyone with a Scotia account`so I guess I may be a q...
by optionable68
04 May 2017 20:37
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

My offer:

"Earn 2.5%* interest tax-free on new TFSA deposits until August 31, 2017."
by optionable68
04 May 2017 19:56
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

Do "new deposits" include cash transfers from an existing TFSA ? See the small print above: Promotional Interest will not be paid on existing funds that were in a PC Financial Account as at April 30, 2017, and are transferred to an Eligible Account. Yes, I missed that part. My email includes the sa...
by optionable68
03 May 2017 20:26
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

ig17 wrote:
03 May 2017 15:21
I got the same offer as Adrian. 2.5%
Do "new deposits" include cash transfers from an existing TFSA ?
by optionable68
28 Apr 2017 18:08
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

Shakespeare wrote:
25 Apr 2017 23:57
Full portfolio now transferred, eight days after RBCDI account closed.
Its been nearly 3 weeks for me. My BMO IL account is open but still shows a ZERO balance, My current RSP still showing as not transferred

Will nudge BMO tonight
by optionable68
20 Apr 2017 17:23
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 22
Views: 1695

Re: Tangerine

I'm very happy with the promo system: a few minutes every quarter, saying the right things and getting a very good rate. Dollars per time spent on the phone equals a very good use of my time. Unfortunately the phone calls never seem to get me anywhere in relation to existing assets in TFSAs, as the...
by optionable68
19 Apr 2017 20:17
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

My BMO account is live and also shows a zero balance. Still awaiting transfer proceeds.
by optionable68
14 Apr 2017 10:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 a very tough market
Replies: 34
Views: 1527

Re: 2017 a very tough market

I know what you mean. I'm in the midst of moving my RSP account to a new discount brokerage. The existing positions in my RSP have been liquidated and will be transferred "in cash". Normally, I just buy, hold and rebalance in my RSP. However...now as the funds are expected to hit my new account with...
by optionable68
12 Apr 2017 18:55
Forum: Under the Mattress: Protecting Your Money
Topic: Best Credit Card (2016-2017)
Replies: 215
Views: 7560

Re: Best Credit Card (2016-2017)

Isn't there a Capital One card that has amazing perks, but long since stopped accepting new application? Or, pared down the perks considerably for new applicants? Yes, for those who got lucky (including yours truly), the Capital One Aspire Travel MC, pays you 2% on all purchases, and clients pay ju...
by optionable68
10 Apr 2017 21:07
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

Did you get a chequing account for linkage? I did. I didn't get the chequing account. I am transferring only 1 of my RSPs and have no plans to deposit additional funds into the BMO account at this point. If I change my mind, I guess I could always get a linkage account at that time. Taxable investm...
by optionable68
10 Apr 2017 17:12
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

Shakespeare wrote:
08 Apr 2017 14:15
Transfer filled out and sent from branch.
Ditto. Just received my new BMO IL account number. Wanting for the funds transfer to go through.
by optionable68
05 Apr 2017 19:50
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

AltaRed wrote:
05 Apr 2017 19:47
That BMO IL offer (cash) is as good as I've seen in quite a long time from anyone....
Agree. I am planning to move my RRSP there shortly.
by optionable68
05 Apr 2017 19:35
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 103
Views: 3232

Re: Which Broker Do you Use?

johnsmith1 wrote:
05 Apr 2017 15:29
very interesting cash bonus! per account?
fundamental wrote:
05 Apr 2017 15:16
Looks like BMO InvestorLine is now offering $1000 cashback for transfers of $250k+

I can't recall any better true cashback offers in recent memory (IMHO, "free" trades are not compelling)

Anybody taking the BMO bait?
The details are here
by optionable68
01 Apr 2017 21:53
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

I called. The previous offer expired yesterday. It was the usual drill: What will you do if we don't give you an offer? Let me put you on hold while I see what I can do ... The last time I called, three months ago, they reduced the offer from 2% to 1.6%. So I withdrew a substantial portion of my mo...
by optionable68
01 Apr 2017 21:18
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA contribution 2017
Replies: 11
Views: 631

Re: TFSA contribution 2017

Beginning Jan 2017
by optionable68
18 Mar 2017 11:44
Forum: Retirement, Pensions and Peace of Mind
Topic: RSP Overcontribution Help
Replies: 9
Views: 578

Re: RSP Overcontribution Help

Dejavu wrote:
17 Mar 2017 23:35
IIRC if you overcontribute with no contribution room and will not ever have any room then:
1/ you have no deduction for the contribution
2/ you will be taxed at your marginal rate upon withdrawal
It's a double whammy with no upside, Dejavu
This makes perfect sense. Thank you Dejavu
by optionable68
17 Mar 2017 15:22
Forum: Retirement, Pensions and Peace of Mind
Topic: RSP Overcontribution Help
Replies: 9
Views: 578

Re: RSP Overcontribution Help

RSP guidelines allow for a $2000 over-contribution.

If I am 70 years old, with ZERO available contribution space:
1/ Can I contribute $2000 to my RSP (of course without taking the tax deduction)?
2/ How is the over-contribution dealt with before or after converting to a RIF to make sure I'm onside?
by optionable68
13 Mar 2017 17:41
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 151
Views: 5622

Re: Housing Bust 2017

My neighbors house went for sale last weekend with an open house (Sat & Sunday) asking $899,000 with offers held back until Wednesday. The asking price in in line with what other similar properties in our area sold for over the past year. 2 days before the offer date, a sold sign went up. Sounded to...
by optionable68
12 Mar 2017 17:14
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 248
Views: 13292

Re: High interest rates for savings, GICs and MMFs (2017)

My previous promotional rate of 1.6% at Tangerine expired yesterday. With virtually no negotiation, the Tangerine agent offered me a new promotional rate of 2% for 90 days. That's a very competitive rate, so I accepted. Do you have other business with Tangerine which would encourage them to offer 2...
by optionable68
10 Mar 2017 20:05
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 562
Views: 37785

Re: Canadian Banks

My credit card spending averages around $2000 per month which I pay off each month. The credit limit was $15,000 when I first got my Capital One Mastercard but has risen to $20,000 automatically without me asking even those I have never gone above $4000 in any 1 month......doesn't cost me anything t...