Search found 624 matches

by Chuck
22 Nov 2017 21:15
Forum: Financial News, Policy and Economics
Topic: cryptocurrencies and mining
Replies: 26
Views: 1326

Re: cryptocurrencies and mining

I'm not paying any heed to crypto currencies personally, but two things about them are annoying me. 1) Upper-mid range video cards which represent good bang for the buck are in short supply due to crypto mining mania 2) The new spamware seems to be crypto-mining scripts which co-opt your cpu for min...
by Chuck
20 Nov 2017 16:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dogs of the TSE
Replies: 354
Views: 51688

Re: Dogs of the TSE

It seems to me limiting stocks to one or two a sector might go against the underlying theory of the dogs strategy. I'm thinking if you believe the dogs approach works, you pick the dogs of the TSE35/60 because you want large cap (by Canadian standards) stocks that have been beaten down by macro econ...
by Chuck
18 Nov 2017 13:56
Forum: Financial Planning and Building Portfolios
Topic: Norbert's Gambit: CAD chequing to USD checking
Replies: 6
Views: 330

Re: Norbert's Gambit: CAD chequing to USD checking

I'm probably not the best person to answer this as I don't have any accounts in US based institutions (I know some people here do). It seems you are going to want 4 accounts all at the same Canadian Institution: 1) A CAD$ checking to move your money in (i.e. replace your Simplii account) 2) A CAD$ I...
by Chuck
14 Oct 2017 13:12
Forum: Under the Mattress: Protecting Your Money
Topic: Telephone scams
Replies: 44
Views: 3051

Re: Telephone scams

No company that bills you regularly would ever refund you an overcharge unless you complain specifically. They would just credit your account. They especially would not call you. They hate having their call centers make outbound calls. They generally only have enough staff to marginally service inco...
by Chuck
10 Oct 2017 15:38
Forum: Retirement, Pensions and Peace of Mind
Topic: Solvency of a DB pension plan
Replies: 36
Views: 2530

Re: Solvency of a DB pension plan

This made me laugh (with dismay):
Service Canada simply needs to recognize the fund payments as "relief grants," which don't have to be declared as income for EI recipients, she says.
So it boils down to: semantics. Gotta love tax codes.
by Chuck
07 Oct 2017 13:42
Forum: Financial Planning and Building Portfolios
Topic: Investing styles
Replies: 228
Views: 19400

Re: Investing styles

For me, I don't index in Canada, because I overweight Canada (by quite a bit). The reason I overweight Canada is because of tax advantaged dividends. So a broad based market index doesn't suit. I could buy an dividend ETF, but I think I can DIY well enough at a low cost to save the overhead of the M...
by Chuck
04 Oct 2017 13:05
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth 2011 (and beyond)
Replies: 744
Views: 54040

Re: Power of Dividend Growth 2011 (and beyond)

Seems odd he has XIU in there. He should have just picked another dividend stock.
by Chuck
29 Sep 2017 20:28
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 38
Views: 3435

Re: Tangerine

Me too. But I noticed the user interface had been re-worked.
by Chuck
10 Sep 2017 13:09
Forum: Retirement, Pensions and Peace of Mind
Topic: Does it make sense to rent in later retirment?
Replies: 43
Views: 2513

Re: Does it make sense to rent in later retirment?

So does this seem logical? Have any of you come to this conclusion? As I said, this is a ways off for me but I tend to be a long term planner. My wife, like me has always been a proponent of ownership and although she is not totally against it, she is having significant difficulty with the concept....
by Chuck
04 Aug 2017 14:56
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement - is it over-rated?
Replies: 263
Views: 15087

Re: Retirement - is it over-rated?

Geez, am I the only guy here who wasn't a senior executive or CEO? I suffered no great loss of power or authority when I retired since I had very little. And as a bonus, all those Dilbert like pointy haired bosses no longer have any opportunity to make my eyes roll as they did when I had to march to...
by Chuck
27 Jul 2017 14:06
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Alimentation Couche-Tard (Symbol-ATD.B)
Replies: 104
Views: 10024

Re: Alimentation Couche-Tard (Symbol-ATD.B)

I always chuckle at these 2 decade in the future plans.

It should read - Britain plans to ban sales of gas and diesel in 2040, unless during an election in the late 2030's this plan proves highly unpopular. In which case the plan can be scrapped.
by Chuck
19 Jul 2017 18:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Hydro One IPO (H-TSX)
Replies: 23
Views: 2268

Re: Hydro One IPO (H-TSX)

From what I can see Hydro One has a higher dividend yield, so you won't miss the dividends if you roll into H1. Dividend increases OTOH, may be less reliable.
by Chuck
19 Jul 2017 18:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Best DB Plan?
Replies: 6
Views: 494

Re: Best DB Plan?

I'm guessing the 'best' plans are all federal or provincial civil servant plans. The MP plan probably the most generous of all. By best I mean least money put in by the employee relative to the size of the payout.

It's always easy to be generous with taxpayer money.
by Chuck
22 Jun 2017 15:46
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6329

Re: CPP Deferral debate - Fred Vettese article discussion

I thought that I had clearly explained that delaying CPP and OAS is not about guessing one's expiry date or maximizing the probability of extracting as much money as possible from the system, but that it's a way to safely maximize spending regardless of one's date of death. Obviously, I have failed...
by Chuck
21 Jun 2017 01:35
Forum: Under the Mattress: Protecting Your Money
Topic: extended warrenties for new cars
Replies: 8
Views: 494

Re: extended warrenties for new cars

I wouldn't buy an extended warranty on anything. The whole reason for the existence of such products is to add an additional layer of profit margin for retailers/manufacturers/insurance companies.

The only time an extended warranty is useful is if you, get lucky, and buy a real lemon of a product.
by Chuck
17 May 2017 12:30
Forum: Financial Planning and Building Portfolios
Topic: Electric Vehicles (EV's) and their impact on Canadian energy companies?
Replies: 14
Views: 522

Re: Electric Vehicles (EV's) and their impact on Canadian energy companies?

I'm highly skeptical. Just like the high cost of gasoline has made personal vehicles smaller than ever right? Never seen so many compact cars on the road!
LOL. Not so much.
by Chuck
10 May 2017 23:57
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6329

Re: CPP Deferral debate - Fred Vettese article discussion

First, current life expectancy in Canada is 79 for men and 83 for women, for an average of 81. From your table, if I can earn a real return of 2.7 per cent, I am better off taking early payout, on average. Generally true, but I think life expectancy at age 60 (the earliest you can take CPP) is a bi...
by Chuck
09 May 2017 12:43
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What Causes a Reduction in Canadian Public Companies?
Replies: 21
Views: 532

Re: What Causes a Reduction in Canadian Public Companies?

I would need to see some data on private company numbers to be convinced the issue is public companies going private. I don't believe that is the issue. Number data was hard to find buy I did come across this snippet: While representing less than 1% of the total number of firms, Canada’s mid‑sized f...
by Chuck
28 Apr 2017 13:31
Forum: Financial Planning and Building Portfolios
Topic: Capital gains may be illusory.
Replies: 44
Views: 1574

Re: Capital gains may be illusory.

Is this a reason to perhaps harvest gains sooner rather than later? Am I doing the math correctly? It's hard to say if it's better to harvest gains sooner. The thing is if you harvest gains, pay tax, then re-invest you've got less capital to grow. So in your example, say in 1985, the stock is worth...
by Chuck
12 Apr 2017 01:17
Forum: Under the Mattress: Protecting Your Money
Topic: Tangerine
Replies: 38
Views: 3435

Re: Tangerine

The globe has it right re: BNS Tangerine. Canadian banks just can't resist their low competition oligopoly to squeeze a bit more juice out of their clients. My previous CC to Tangerine was a Citibank Dividend Mastercard, whose Canadian operation was bought out by CIBC, eviscerated and eventually rep...
by Chuck
30 Mar 2017 13:32
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6329

Re: CPP Deferral debate - Fred Vettese article discussion

The more I think about this, the more it seems like deferral is the way to go. I can only see two obvious cases not to defer: 1) You simply can't afford to. You need the CPP at age 60 to cover your monthly needs. Reduced as it might be, you still need to take it. 2) You really fear you are going to ...
by Chuck
27 Mar 2017 17:32
Forum: Retirement, Pensions and Peace of Mind
Topic: CPP Deferral debate - Fred Vettese article discussion
Replies: 222
Views: 6329

Re: CPP Deferral debate - Fred Vettese article discussion

As he had a spotty work record, his $0 earning years already exceeded the 17% drop out provision at age 60. Hi longinvest, I just wanted to ask a question to get your thoughts since I have seen a few posters say they did not want to defer past age 60 due to fear of adding more zero earning years wh...
by Chuck
10 Mar 2017 14:28
Forum: Under the Mattress: Protecting Your Money
Topic: Stability of Manitoba credit unions?
Replies: 24
Views: 831

Re: Stability of Manitoba credit unions?

To muddy the waters further, Manitoba credit union deposits are insured by the Deposit Guarantee Corporation of Manitoba. They have a website but it's unclear to me how much is covered or how deep their pockets are. Out of curiosity, I tried to look up the last time a Manitoba Credit Union failed, s...
by Chuck
08 Feb 2017 13:44
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Bombardier (Symbol-BBD.B)
Replies: 98
Views: 14789

Re: Bombardier (Symbol-BBD.B)

The sad thing is, I bought this stock years ago using the theory they had unlimited access to taxpayer funds (an assumption which appears to be true). Unfortunately, even with this, the company can't make any money and I am still underwater on my investment. Oh well, I'm sure the owners are still ma...
by Chuck
07 Feb 2017 12:22
Forum: Financial News, Policy and Economics
Topic: Clippings 2017
Replies: 303
Views: 18506

Re: Clippings 2017

Otherwise we may have to depend on Tim Hortons opening more stores to absorb those among the olds, youngs and new immigrants who are wanting or needing to work. I suppose more low-paid child care workers may be in demand as well. :( Indeed, I was thinking I would like to see the report about all th...