Search found 58 matches
- 22 Dec 2013 11:10
- Forum: Financial Planning and Building Portfolios
- Topic: cibc mutual funds
- Replies: 15
- Views: 2889
Re: cibc mutual funds
As a financial planner myself I can only tell you that I have been cautioning my clients for the past two years about the possibility capital losses in traditional bond funds. During this time I have been diversifying into corporate bond funds (1-5 year corporate bond ladders), high yield, floating rate and bond funds which employ hedging strategies to protect against changes in the yield curve. Not sure why the bank advisor wouldn't be aware of these risks as well unless he doesn't read any financial industry news articles because they have been talking about this for some time now. He may have sold you on something that is within your risk tolerance, but did a piss poor job of describing the current risks inherent in a traditional bond po...
- 24 Aug 2012 17:56
- Forum: Financial Planning and Building Portfolios
- Topic: Need help with parent's portfolio
- Replies: 61
- Views: 6999
Re: Need help with parent's portfolio
I agree that your parents should have much more fixed income. Not all bond funds are created equal. If you have a fund that has a long duration and a large percentage in low yielding gov't debt it will drop significantly if interest rates rise, more so than one with higher yielding corporate/high yield bonds. Furthermore, some bond fund hedge interest rate risk to some extent (eg. Dynamic Advantage Bond) . Interest rate risk can also be muted somewhat by using something like the ishares corporate and/or gov't 1-5 year ladder ETF or Fund (through Invesco Trimark). Regarding fees, Some advisors (myself included) will negotiate advisor fees if account size allows as many fundcos offer flexible advisor compensation (for example for $500k of ass...
- 24 Aug 2012 17:31
- Forum: Financial Planning and Building Portfolios
- Topic: Fee only Financial Advisors
- Replies: 70
- Views: 18034
Was: Fee only Financial Advisors
I work through an MFDA licensed firm and for the last 2 years have been offering Fee Only Financial Planning. The biggest problem has been compliance issues from the MFDA.
- 11 Jun 2012 21:46
- Forum: Financial News, Policy and Economics
- Topic: Should Canada help bail out Europe?
- Replies: 15
- Views: 1552
Re: Should Canada help bail out Europe?
Did anybody in Europe offer to help us out of our debt mess in the early 90s, no, we had to balance our budget and make cuts. Let them do the same.
- 24 Nov 2011 15:20
- Forum: Financial Planning and Building Portfolios
- Topic: The Perfect Portfolio
- Replies: 76
- Views: 4356
Re: The Perfect Portfolio
One more person looking for a freebie!
- 22 Jun 2011 19:52
- Forum: Financial Planning and Building Portfolios
- Topic: "Fired" Financial Planner....Need Passive Portfolio Advice!!
- Replies: 42
- Views: 3308
Re: "Fired" Financial Planner....Need Passive Portfolio Advi
If all your former advisor did for you was sell mutual funds, he was not a "Financial Planner", at best he should be labelled as an "Investment Advisor". Was he accredited (CFP etc)? I am a CFP and offer Fee Based and Fee Only Financial planning
self promotion link removed
Mod W
self promotion link removed
Mod W
- 24 Jan 2011 20:42
- Forum: Financial Planning and Building Portfolios
- Topic: Fee only Financial Advisors
- Replies: 70
- Views: 18034
Re: Fee only Financial Advisors
For what it's worth, I am a CFP and fee based planner in the Halton, Hamilton, Niagra region. Please look up feebasedfinancialplanning.info. Your comments and suggestions for improving my website and service offerings are appreciated. It's a tough road moving to this platform from the commission based approach but I'm giving it a try as I see the value it offers to my clients.
- 13 Aug 2010 22:37
- Forum: Financial Planning and Building Portfolios
- Topic: Advice on Life Insurance
- Replies: 7
- Views: 877
Re: Advice on Life Insurance
I'm a Financial Planner and have never sold a whole life or UL policy. The compensation is good but I rarely see a client that really needs this type of policy. I use T30 for mortgages, T100 for some sort of permanent coverage. I usually recommend some critical illness or disability if self employed. I would be tempted to drop the whole life but it's up to you.
- 11 Jul 2009 12:13
- Forum: Financial News, Policy and Economics
- Topic: New Globeinvestor.com ...not impressed and my rant
- Replies: 8
- Views: 1358
- 11 Jul 2009 12:04
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: Mortgage Investment Corporations (MICs)
- Replies: 42
- Views: 10906
- 03 Jul 2009 16:37
- Forum: Financial Planning and Building Portfolios
- Topic: How much should one pay for hourly financial advice?
- Replies: 30
- Views: 1888
Beenaround, I have to agree with you. Anybody can pass the tests to be MFDA licensed. The CFP is tougher, requires many courses, requiring significant cash outlay, and actual experience. The pass rate the last sitting was just shy of 40%! The insurance exam is fairly difficult but pretty thin on investment knowledge. So I would agree that anyone looking for a Financial Planner should choose someone with a CFP as a minimum requirement.
- 03 Jul 2009 14:44
- Forum: Financial Planning and Building Portfolios
- Topic: How much should one pay for hourly financial advice?
- Replies: 30
- Views: 1888
Deadog, in order to determine the risk tolerance I usually describe a number of different market scenarios and how they affect a portfolios performance. In the past (pre-Oct 2008), I would use the example of a 60/40 balanced fund that drops 20% in one year, say $100k to start and drops to $80k (now I use 25%). I explain that increasing the equity potion can result in greater returns but also the potential for short-term drops even higher that those seen in a 60/40 split. I ask the client how this would affect them, make them feel. Would they want to sell or are they comfortable to stick to long term goals? On the other hand I have a conversation about inflation and the amount they want to accumulate for retirement. The conversation is obvio...
- 03 Jul 2009 14:28
- Forum: Financial Planning and Building Portfolios
- Topic: How much should one pay for hourly financial advice?
- Replies: 30
- Views: 1888
tedster, in answer to your question, yes I would, particularly in context of a retirement planning situation. All investment planning that involves non-registered funds will have to take tax issues into consideration. An example would be if the client has a fairly high level of Canadian Dividend income, the gross-up can push them to go into a tax bracket that results in a OAS clawback. If it appears the client will be forced to take a RRIF income that will lead to clawbacks, astute planners will initiate an RRSP meltdown in advance to decrease the severity of these issues.
- 03 Jul 2009 13:00
- Forum: Financial Planning and Building Portfolios
- Topic: How much should one pay for hourly financial advice?
- Replies: 30
- Views: 1888
As a CFP I can tell you this. I offer "fee for service" financial planning. This can be comprehensive ( investments, insurance, estate and tax planning) or specific (eg. investment only). The cost would be based on the time required to prepare the plan ($150/hr). In the case of an investment only plan I would look at the current portfolio, then based on the clients stated goals and risk tolerance provide a number of portfolio options. One might use ETF's, one with Index funds, one with mutual funds. Combined with these I may include GIC ladders, annuities or GMWB type funds depending on the clients requirements. Since I have an MFDA and Life License I will give them the option of taking the plan and implementing it themselves (thr...
- 08 Dec 2008 21:21
- Forum: Financial News, Policy and Economics
- Topic: Investor says fund managers have duty to sell if wreck comin
- Replies: 11
- Views: 3463
- 08 Dec 2008 20:41
- Forum: Financial News, Policy and Economics
- Topic: Stimulus, ee-ha!
- Replies: 53
- Views: 7001
- 01 Dec 2008 13:49
- Forum: Financial Planning and Building Portfolios
- Topic: Yielder? Are you still sitting it out?
- Replies: 112
- Views: 11259
The Tories are still insisting the GST cut was the way to go. I don't know why the Liberals didn't really go after the Tories bases on their fiscal incompetence and instead tried to sell us on the poorly thought out "Green Shift". It is really depressing to see so much incompetence at every level of gov't (and the corporate level too!). We need more Prem Watsas, Peter Schiffs, Warren Buffets and Ed Clarks (and Yeilder). Maybe next time the people in charge will listen when these types of people warn of impending disasters, but I doubt it. I know I will never believe economists again after hearing 99% of them tell me the US subprime would cause "minor" problems in the US and the rest of the world hum along just fine.
- 13 Nov 2008 14:24
- Forum: Financial News, Policy and Economics
- Topic: Words of Wisdom from a Wall Street Insider (Steve Eisman)
- Replies: 27
- Views: 1891
- 20 Aug 2008 17:48
- Forum: Under the Mattress: Protecting Your Money
- Topic: GIC Questions
- Replies: 346
- Views: 60314
- 31 Jul 2008 09:44
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: MCan Mortgage (Symbol-MKP)
- Replies: 24
- Views: 2126
- 30 Jul 2008 19:30
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: Mortgage Investment Corporations (MICs)
- Replies: 42
- Views: 10906
- 30 Jul 2008 16:44
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: Mortgage Investment Corporations (MICs)
- Replies: 42
- Views: 10906
Mortgage Investment Corporations
Had a client ask me about MIC's (Fisgard, Carevest etc). I did some digging into these a few years back before "Mortgage" became such a scary word. These private companies sell high interest short-term 1st and 2nd mortgages and pay investors yields in the 8-10% range. While all the numbers look good for these corporations over the past decade, one has to wonder if the current difficulties in the credit markets might pose a problem as far as their yield going forward. Any thoughts from the learned readers and posters here would be welcomed!
- 17 Jun 2008 21:11
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: DYNAMIC FUNDS
- Replies: 35
- Views: 5609
Compare to other US equity funds
If you do a search on globefund of all US equity mutual funds you will see for yourself how well this fund has done vrs it's peers. They made a smart move and hedged the currency when the Can $ was 0.72.
- 05 Jun 2008 15:56
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Convertible Debentures
- Replies: 64
- Views: 8785
- 05 Jun 2008 13:27
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Advantaged Preferred Share Trust (PFR.UN)
- Replies: 6
- Views: 2288
New issue, Advantaged Preferred Share Trust. Any thoughts?
Advantaged Preferred Share Trust is designed to give holders of Units exposure, on a passive basis and at a low management expense ratio, to the performance of an equally-weighted, diversified notional portfolio of 50 preferred shares of Canadian issuers. The Trust has indirect exposure to the performance of the Notional Preferred Portfolio through the Forward Agreement (as defined in the prospectus). The Notional Preferred Portfolio consists of 50 different classes or series of preferred shares with an average DBRS rating of Pfd-2 (high), currently issued by 24 different issuers. As a result of employing an equal weight approach, each qualifying security constitutes approximately 2.00% of the Notional Preferred Portfolio. Since the Notiona...