Search found 878 matches

by optionable68
18 Mar 2017 11:44
Forum: Retirement, Pensions and Peace of Mind
Topic: RSP Overcontribution Help
Replies: 9
Views: 513

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: 513

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: 85
Views: 2928

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: 92
Views: 6169

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: 492
Views: 34383

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...
by optionable68
07 Mar 2017 21:46
Forum: Financial News, Policy and Economics
Topic: Federal Budget 2017 - March 22
Replies: 38
Views: 2042

Re: Federal Budget 2017 - March 22

I've never seen such a discrepancy in opposing views on capital gains taxation Conservative leadership candidate Maxime Bernier suggests capital gains tax reduces Canada's competitive positioning, hinders redeployment of capital into new innovation, and impedes job growth. As such, his platform is t...
by optionable68
07 Mar 2017 19:15
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 7
Views: 402

Tangerine

As of next month, Tangerine is hiking fees again - adding new inactivity fees on chequing accounts, and also raising fees on NSF and returned items.

See here for details.
by optionable68
02 Mar 2017 19:17
Forum: Under the Mattress: Protecting Your Money
Topic: how do you guys negotiate with car salesman to buy new car?
Replies: 65
Views: 7266

Re: how do you guys negotiate with car salesman to buy new car?

The original question relates to a new car. Unless you have money to burn, and you want to save some money, I would suggest considering a 1-2 year old vehicle. Still under warranty and save yourself 20-30% immediately. the first 2 years of depreciation is horrendous anyway so you should be happy to...
by optionable68
26 Feb 2017 21:31
Forum: Under the Mattress: Protecting Your Money
Topic: how do you guys negotiate with car salesman to buy new car?
Replies: 65
Views: 7266

Re: how do you guys negotiate with car salesman to buy new car?

The original question relates to a new car. Unless you have money to burn, and you want to save some money, I would suggest considering a 1-2 year old vehicle. Still under warranty and save yourself 20-30% immediately. the first 2 years of depreciation is horrendous anyway so you should be happy to ...
by optionable68
26 Feb 2017 21:20
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Question about Mawer in BMO Investorline
Replies: 2
Views: 243

Re: Question about Mawer in BMO Investorline

Read the prospetus There are no trailing commissions on Mawer funds which means any discount brokerage offering them are doing so on an uneconomically sound basis. BMO (and TD) will offer Mawer funds to you and they (the dealers) will lose money every time you purchase units (for their administratio...
by optionable68
26 Feb 2017 21:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Prevalence of investments without Morningstar or 3rd party corroboration
Replies: 11
Views: 357

Re: Prevalence of investments without Morningstar or 3rd party corroboration

Morningstar rankings (and for that matter Lipper) are a mathematical report cards of how a fund has done in the past as compared to a grouping of "similar" funds on a risk-adjusted basis. This past performance report card is not indicative of future performance. There's been some studies which sugge...
by optionable68
26 Feb 2017 20:55
Forum: Taxing Situations
Topic: When to deduct RRSP contribution
Replies: 20
Views: 358

Re: When to deduct RRSP contribution

Then again, Maxime Bernier could conceivably be our net Prime Minister, which could mean flat 15% income tax from $15k to $100k and 25% over $100k.... and by deferring you may have lost out on a better refund today.
by optionable68
14 Feb 2017 18:29
Forum: Financial News, Policy and Economics
Topic: Which Broker Do you Use?
Replies: 36
Views: 1085

Re: Which Broker Do you Use?

IB for my taxable account, which is exclusively derivative based investing

RSP in an employer sponsored account

Planning to move my TSFA to TDW DI next month
by optionable68
14 Feb 2017 18:06
Forum: Financial News, Policy and Economics
Topic: Is there evidence of a trend from active to passive invest?
Replies: 16
Views: 2157

Re: Is there evidence of a trend from active to passive invest?

There's approx $1.5 Trillion in Investment funds in Canada. $115 Billion or roughly 8% of that is in ETFs In the last couple of years, the ETF growth rate has exceeded the Mutual Fund growth rate, but mutual fund net purchases continue to outpace exchange traded fund creations. From an AUM perspecti...
by optionable68
31 Jan 2017 18:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Smart, Strategic Beta & Multi-Factor ETFs
Replies: 24
Views: 958

Re: Smart, Strategic Beta & Multi-Factor ETFs

I agree that there are many "dumb" smart beta strategies out there but also suspect that Vanguard has a wee bit of vested interest in cap-weighted indexing preference - and has much to lose if evidence supports that certain competing smart beta strategies are better than their traditional cap-weight...
by optionable68
30 Jan 2017 21:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Smart, Strategic Beta & Multi-Factor ETFs
Replies: 24
Views: 958

Smart, Strategic Beta & Multi-Factor ETFs

Anyone here at FWF hold any quantitative factor-based ETFs instead of plain vanilla market beta ETFs? Are there any good ones worth the extra 30-80 bps in fees? While I am a bug fan on price, I can see something as simple as singe factor / equal-weighted appearing to offer some value for some indice...
by optionable68
26 Jan 2017 20:15
Forum: Financial Planning and Building Portfolios
Topic: Observations of Full Implementation (Jan 2017) of CRM2 on Your Accounts
Replies: 16
Views: 1274

Re: Observations of Full Implementation (Jan 2017) of CRM2 on Your Accounts

Mrs. Optionable68's statement came from CIBC Investors Edge and am sharing the new CRM2 disclosure related to rates of return and fees CIBC language: " Your Average Annual Rates of Return This year = 12.90% ; since Jan 1, 2016 = 12.90% " (footnoted as money-weighted rate of return) Portfolio is enti...
by optionable68
17 Jan 2017 18:18
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Housing Bust 2017
Replies: 85
Views: 2928

Housing Bust 2017

In keeping with this decade old annual tradition, I have restarted this threat. At some point someone may get it right,And we know the government will continue to introduce policies to keep a handle on pricing Today, CMHC indicated it will make it harder for buyers who need mortgage insurance based ...
by optionable68
15 Jan 2017 11:10
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Predictions Contest
Replies: 66
Views: 2606

Re: 2017 Predictions Contest

Last chance! You have until 9:30 EST Monday to make your wild guesses. I notice a few obvious omissions. Thanks for the reminder :thumbsup: I hereby pledge that I will do much better then I did in 2016 but not as good as 2015 DOW: 21010 TSX: 16450 GOLD: 1205 OIL: 61 CAD: .7575 And I vote "yes" for ...
by optionable68
12 Jan 2017 21:24
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Which online brokerage firm?
Replies: 68
Views: 3182

Re: Which online brokerage firm?

It seems online brokerage wars are heating up again based on the summary provided here Question: In the spirit of client negotiation, has anyone tried asking a discount brokerage to match an offer/promotion from a competing discount brokerage to win their business ? Any success stories? e.g. Lets sa...
by optionable68
12 Jan 2017 20:17
Forum: Financial Planning and Building Portfolios
Topic: What Investment Measurement is Important to You?
Replies: 72
Views: 2868

Re: What Investment Measurement is Important to You?

The most important number I'd like to know would be my die broke withdrawal rate. Unfortunately, that's unavailable at the moment. Rather than a withdrawal rate, I simply use annual cash flow. I've been running a crude spreadsheet for the past decade which tells me how much annual cash flow (in tod...
by optionable68
08 Jan 2017 16:59
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2017)
Replies: 92
Views: 6169

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

I got a Tangerine offer for 2.59%
Mrs optionable68 got an offer for 2.83%

Mr optionable68 Sr got an offer of 2.59%
Mrs optionable68 Sr received NO offer (i.e. 0.80%)
by optionable68
08 Jan 2017 16:55
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Returns 2016, along with 5, 10 year CAGR Performance
Replies: 101
Views: 4831

Re: Portfolio Returns 2016, along with 5, 10 year CAGR Performance

adrian2 wrote:
In order not to muddy the waters any further, I'll refrain from reporting my portfolio returns, since my numbers will not match "common sense".
Nicely said
by optionable68
07 Jan 2017 21:40
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Returns 2016, along with 5, 10 year CAGR Performance
Replies: 101
Views: 4831

Re: Portfolio Returns 2016, along with 5, 10 year CAGR Performance

Using XIRR

2016 Taxable Account = 9.8% (thats 100% USD so CAD % performance is better)
2016 Registered Accounts = 11.79%