Search found 1835 matches

by SQRT
16 Nov 2017 08:08
Forum: Financial Planning and Building Portfolios
Topic: Borrowing on margin
Replies: 25
Views: 684

Re: Borrowing on margin

Hmmm not sure why anyone would want a million in debt think I'd rather have the ability to borrow a million but not need to. Isn't that the cut off point where we change who's problem it is? If you owe the bank less than a million and can't pay, it is your problem. If you owe the bank more than a m...
by SQRT
13 Nov 2017 11:23
Forum: Financial Planning and Building Portfolios
Topic: Borrowing on margin
Replies: 25
Views: 684

Re: Borrowing on margin

Thanks SQRT for sharing your experience. I will re-run the numbers at this level of collapse to see how much of a margin call I'd have to make. I will assume that it will eventually recover but that I'd need to have cash available to weather the storm and how much it would cost in terms of cash flo...
by SQRT
13 Nov 2017 10:25
Forum: Retirement, Pensions and Peace of Mind
Topic: RIF income on my budget spreadsheet goes where?
Replies: 3
Views: 149

Re: RIF income on my budget spreadsheet goes where?

A budget is really a cash flow statement, so RIF income is revenue, while ultimately the tax owing from the withdrawal is expense. You are getting that confused with a balance sheet, i.e assets and liabilities, or an income statement. Absolutely. I have a line on my budget spreadsheet that is title...
by SQRT
13 Nov 2017 10:05
Forum: Financial Planning and Building Portfolios
Topic: Borrowing on margin
Replies: 25
Views: 684

Re: Borrowing on margin

Your plan would probably work fine. I did something similar while I was working. But rather than buy a broad etf, I bought my employer (big bank) stock. At the peak my margin loan was mid seven figures. Over time the divs increased quite a bit higher than the interest cost on the margin loan and hel...
by SQRT
05 Nov 2017 08:50
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

I have a RBC Westjet MC so I just tried the credit score feature. Works fine. 887. The US based score I get from AMEX is much lower, around 820. Makes no difference to me.
by SQRT
03 Nov 2017 11:42
Forum: Taxing Situations
Topic: Would it be wise to take capital gains in this situation?
Replies: 12
Views: 348

Re: Would it be wise to take capital gains in this situation?

adrian2 wrote:
02 Nov 2017 18:50

Take them now if you have capital gains to neutralize. Do not create capital gains just for sake of "using" the past losses!
Agree as well.
by SQRT
03 Nov 2017 05:21
Forum: Under the Mattress: Protecting Your Money
Topic: Equifax credit score dropped for no apparent reason
Replies: 19
Views: 491

Re: Equifax credit score dropped for no apparent reason

You can use 100% of the credit limit, but as mentioned, utilization can impact credit score. I wouldn't worry at all about utilization in the 50-70% range. I've max'd out my credit limit at least half a dozen times in the past decade and don't recall a credit score impact....but then when my credit...
by SQRT
01 Nov 2017 22:18
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 262
Views: 15912

Re: Quantitative Value And Low Dividends

https://gallery.mailchimp.com/6750faf5c6091bc898da154ff/files/46acdd1f-1d77-4dc9-821f-8abb03e6ad3a/Tax_Aware_Dividends.pdf My conclusion is that a quantitative value strategy, which screens out high dividend stocks, might work well for a Canadian investor in a higher tax bracket. Agree that divs ar...
by SQRT
01 Nov 2017 21:44
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Re: Annuity

BRIAN5000 wrote:
01 Nov 2017 20:54
Management used to say the everyday workers were their greatest asset until they started saying they were their biggest expense, humf.
I guess it depends who you are talking to. Like most things.
by SQRT
01 Nov 2017 20:36
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Re: Annuity

For the C-suite it may a take a little longer; a year or two, maybe? Yup. As soon as the people who know you move on to other jobs. I found that it was about 6 months. Of course they resented the fact that I escaped. So it was kind of spotty. I went back to a few functions. Mostly for people who we...
by SQRT
01 Nov 2017 17:57
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Re: Annuity

adrian2 wrote:
01 Nov 2017 17:31
Shakespeare wrote:
01 Nov 2017 17:06
Boy, doesn’t take long before you’re a nobody.
About a week.... :?
For the C-suite it may a take a little longer; a year or two, maybe?
Yup. As soon as the people who know you move on to other jobs.
by SQRT
01 Nov 2017 15:33
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Re: Annuity

SQT, you could try calling TD Ins to see if they will sell an annuity directly. I know RBC Ins did a few years ago. Not sure on pricing but their term life at the time was cheaper than through a broker. Who knows you may get an employee pricing :-) at TD. Snowback, if 50 K is indeed a minimum, you ...
by SQRT
01 Nov 2017 04:25
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Re: Annuity

There are quotes available at Annuity Rates Canada: Best annuity rates in Canada | LifeAnnuities.com . You may get a better rate because of the amount. Thanks. I have seen these type of sites before. They are put up by commissioned annuity brokers. I wonder if they would be cheaper if I went direct...
by SQRT
31 Oct 2017 16:11
Forum: Financial Planning and Building Portfolios
Topic: Net Worth At Age 35?
Replies: 12
Views: 595

Re: Net Worth At Age 35?

Those people appear to be outlier invidivduals who had a number of planets line up for them. It is not what the average employee can accomplish given the curve balls life throws one's way. As SQRT suggests, net worth at 35 needed to reach $1.5 million depends very much on how much one can contribut...
by SQRT
31 Oct 2017 10:55
Forum: Financial Planning and Building Portfolios
Topic: Net Worth At Age 35?
Replies: 12
Views: 595

Re: Net Worth At Age 35?

Saving over 20-30 years isn’t usually linear and tends to vary a lot by individual. When I was 35 my net worth would have been maybe $100-200k. After an expensive divorce at age 42 it was negative. Hit 2 commas late 40’s. Retired at 56.
by SQRT
29 Oct 2017 12:18
Forum: Retirement, Pensions and Peace of Mind
Topic: Annuity
Replies: 18
Views: 801

Annuity

Ok I agree that annuities may not be for everyone. But I have the option of converting my alimony requirement into a life annuity for the Xwife. It would be a prescribed annuity and quite large (cost well into 7 figures). My issue is how to get the best price? I’m reluctant to get a commission sales...
by SQRT
26 Oct 2017 05:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: History of Discount Brokers in Canada
Replies: 13
Views: 339

Re: History of Discount Brokers in Canada

Some historical background here - mostly TD centric. Link Soon after the hearing, TD purchased Loewen, Ondaatje, McCutcheon & Company’s base of 800 discount brokerage accounts. By early 1984, Green Line began its operations with eight employees andone telephone line under Keith Gray’s leadership. T...
by SQRT
25 Oct 2017 12:21
Forum: Financial Planning and Building Portfolios
Topic: 25 years ago, did Oct 19 '87 influence you?
Replies: 31
Views: 1282

Re: 25 years ago, did Oct 19 '87 influence you?

No significant effect on me. New job, new big house (and mortgage) no investments really. I remember that day though as it was the first day I started working on my CSC course.
by SQRT
20 Oct 2017 02:18
Forum: Financial Planning and Building Portfolios
Topic: Can i retire off $1Million annuity?
Replies: 11
Views: 713

Re: Can i retire off $1Million annuity?

Agree with Shakespeare. Divs usually grow while annuity payments generally don’t. Also In all probability you would be able to spend more than divs since the portfolio would grow. Thirdly, there would very likely be money left over from your portfolio when you die. This would be available to your he...
by SQRT
17 Oct 2017 20:17
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 2820

Re: Telephone scams

Sure. But I often don’t check those very often either. Usually just blank. Vast majority of outside communication now texts or email. Do use my phone for outgoing calls of course, but other than family, mostly to bank, insurance, or other businesses. Don’t have any land lines as these seemed mostly...
by SQRT
17 Oct 2017 05:11
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 2820

Re: Telephone scams

[ And speaking of 8xx numbers, I do remember one time only where a legitimate company (with whom I did business with) trying to get hold of me via a 8xx number. After apparently weeks of trying, they sent me a letter on the matter. I responded to them verbally with a.... Why would you expect a cust...
by SQRT
16 Oct 2017 09:08
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 2820

Re: Telephone scams

I never answer phone calls from numbers I don’t know. :thumbsup: And especially 8xx numbers. And speaking of 8xx numbers, I do remember one time only where a legitimate company (with whom I did business with) trying to get hold of me via a 8xx number. After apparently weeks of trying, they sent me ...
by SQRT
14 Oct 2017 10:41
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 2820

Re: Telephone scams

I never answer phone calls from numbers I don’t know.
by SQRT
13 Oct 2017 10:23
Forum: Taxing Situations
Topic: Taxing Employee Discounts
Replies: 6
Views: 267

Re: Taxing Employee Discounts

In theory employees should pay taxes on their discounts. As a bank employee I paid tax on my discounted mortgage and staff loans? Issue is materiality and costs to collect. Solution would be some kind of cut off so small amounts could be ignored. I know people who work in high end retail businesses ...
by SQRT
08 Oct 2017 08:10
Forum: Financial Planning and Building Portfolios
Topic: How far are you from retirement?
Replies: 28
Views: 1234

Re: How far are you from retirement?

I am 67 been retired for 11 years.