Search found 1749 matches

by DanH
21 Jul 2017 11:02
Forum: Financial Planning and Building Portfolios
Topic: Robo-advisors
Replies: 42
Views: 4536

Re: Robo-advisors

I've been following a periodic series of posts on Jon Chevreau's blog by an advisor who took $5k and invested it with an unidentified robo-advisor (whose name shall remain Wealth Simple ;) I'm only 99.9% of that). I have been surprised by the number of changes in holdings he has experienced. This is...
by DanH
19 Jul 2017 15:40
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 622
Views: 107038

Re: Outstanding Financial Pornography

I'm with you on the indexes that are built specifically for product launches. We're quite some way from ETF numbers exceeding mutual funds. We have maybe 600 ETFs. Unique Canadian mutual funds might be in the 1,400 range. But at this pace of growth, we will get there in the next few years.
by DanH
19 Jul 2017 09:47
Forum: Financial Planning and Building Portfolios
Topic: Outstanding Financial Pornography
Replies: 622
Views: 107038

Re: Outstanding Financial Pornography

I don't think that qualifies as financial porn. IIRC, at least a few studies (I'm sure they are easy to find online) found that family controlled public company shares have meaningful outperformance vs. the broader market. No different than launching a value index or a momentum index or a low vol in...
by DanH
27 Jun 2017 21:12
Forum: Financial Planning and Building Portfolios
Topic: Dual Citizen (US/CAD) - Investing
Replies: 7
Views: 229

Re: Dual Citizen (US/CAD) - Investing

I believe U.S. citizens investing in PFICs inside of a RRSP is safe from an IRS tax liability/reporting perspective. But you should double check that with someone more qualified than me.
by DanH
27 Jun 2017 16:14
Forum: Financial Planning and Building Portfolios
Topic: Dual Citizen (US/CAD) - Investing
Replies: 7
Views: 229

Re: Dual Citizen (US/CAD) - Investing

It's always a good idea to get advice from a tax expert versed in cross border taxation. Generally, it's likely a good idea for dual citizens (or any U.S. citizen) to avoid investing in investment funds that are domiciled or resident in Canada (i.e. mutual funds, exchange traded funds, pooled funds,...
by DanH
21 Jun 2017 17:16
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 261
Views: 13128

Re: Home Capital Group (Symbol-HCG)

You [randomwalker] are positing a 50% haircut on the value of Home's non-insured residential mortgage book, which is not the same thing as a 50% decline in housing prices. Bingo. Definitely a risk since Home seems to be heavily exposed to the 905 area code but not the equivalent of the loan book be...
by DanH
21 Jun 2017 10:08
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 261
Views: 13128

Re: Home Capital Group (Symbol-HCG)

There has been virtually no news that suggests their mortgage portfolio is significantly impaired. Their problems relate to a lack of confidence of depositors. 50% haicut? That's quite a stretch. . Any way to spin this as a "bail out"? It's not 'news' per se but if the stream of Twitter posts from ...
by DanH
20 Jun 2017 22:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 261
Views: 13128

Re: Home Capital Group (Symbol-HCG)

But this deal does not involve residential mortgages. It appears to be all commercial mortgages - which is more in line with KingSett's focus. KingSett has taken advantage of various forms of motivated selling in the past - e.g., KingSett/AIMCo close ING Summit deal ; KingSett/AIMCo buy half of Scot...
by DanH
20 Jun 2017 14:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG)
Replies: 261
Views: 13128

Re: Home Capital Group (Symbol-HCG)

KingSett is indeed a very savvy institutional real estate investor. They can be aggressive at times - when warranted - but they don't mess around with low quality or distressed loan assets. If they've purchased assets I would assume the quality is very good. But a very fair concern re: what's left.
by DanH
13 Jun 2017 17:58
Forum: Financial Planning and Building Portfolios
Topic: Taxable Account Planning - US Expat
Replies: 24
Views: 1019

Re: Taxable Account Planning - US Expat

Oops...didn't even notice the date. Thanks for pointing that out. But I still want to know how a family of three is living on $3k monthly when rent along has to eat up most of that.
by DanH
13 Jun 2017 14:27
Forum: Financial Planning and Building Portfolios
Topic: Taxable Account Planning - US Expat
Replies: 24
Views: 1019

Re: Taxable Account Planning - US Expat

Hi there, First time poster here. I have some investing/overall planning questions that I hope I can get some advice with here. I appreciate any and all input. Background Information -Age: 30 -US Citizen working and living in Vancouver BC, Canada. I have a 2 year old son and my wife is also a US Ci...
by DanH
08 Jun 2017 11:43
Forum: Financial Planning and Building Portfolios
Topic: Fee Based advisor Expectations
Replies: 31
Views: 887

Re: Fee Based advisor Expectations

Norm and I (and possibly Dan) have argued for years that the best approach for the uninterested is not a couch potato portfolio but a low cost balanced fund. (I say this having tried to educate my sister in portfolio allocation principles.) Definitely Dan! ;) It's been at least ten years since I wa...
by DanH
07 Jun 2017 16:45
Forum: Financial Planning and Building Portfolios
Topic: Fee Based advisor Expectations
Replies: 31
Views: 887

Re: Fee Based advisor Expectations

Yes, directed at you AltaRed. I don't want to hijack this thread but I have very mixed feelings about the MoneySense list because it's based on a model of advisors/firms paying a significant fee to be reviewed and to be on this list. We were asked and we respectfully declined. So it's a good start a...
by DanH
07 Jun 2017 14:48
Forum: Financial Planning and Building Portfolios
Topic: Fee Based advisor Expectations
Replies: 31
Views: 887

Re: Fee Based advisor Expectations

Do you have someone lined up for her yet? While it's not an issue for my household (all accounts are at HighView, run like all other client accounts) but many friends and relatives rely on me for specific suggestions. I don't have a back-up for them since they're all significantly older than me so c...
by DanH
07 Jun 2017 12:49
Forum: Financial Planning and Building Portfolios
Topic: Fee Based advisor Expectations
Replies: 31
Views: 887

Re: Fee Based advisor Expectations

If I use the default 25/25/25/25 from 2001, I get 5.9% annualized arithmetic and if I choose 40% Cdn bonds, 60% TSX Composite, I get 6.8% annualized. All these are before costs.... If you knock off 1 percentage point for MER/costs, the results still are well above the 3.8% you mentioned. She can do...
by DanH
24 Apr 2017 13:02
Forum: Financial Planning and Building Portfolios
Topic: Ultra Aggressive Portfolio Advise
Replies: 12
Views: 774

Re: Ultra Aggressive Portfolio Advise

SueC wrote:
23 Apr 2017 22:27
XAW already contains emerging markets.
So does Mawer Global Small Cap.
by DanH
24 Apr 2017 10:53
Forum: Financial Planning and Building Portfolios
Topic: Questions for my Fin. Advisor
Replies: 26
Views: 1107

Re: Questions for my Fin. Advisor

I've read through most of the comments and I can offer a little insight from my own experience. I'll start with a stroll down memory lane... I met with many people in late 1999 and through 2000 who had made a lot of money in technology stocks/funds. My advice at the time was to sell their technology...
by DanH
19 Apr 2017 20:27
Forum: Financial Planning and Building Portfolios
Topic: Mercer is using a proprietary fund universe to argue that Canadian active equity funds have trounced the index
Replies: 9
Views: 727

Re: Mercer is using a proprietary fund universe to argue that Canadian active equity funds have trounced the index

I don't know about the Mercer universe, but Morneau Shepell (yes that Morneau) is another major player in this pension advisor/consulting space. If you want to look at a current report, read Performance universe of pension managers' pooled funds as at December 31, 2016 . Thank you for the link. Tha...
by DanH
12 Apr 2017 10:28
Forum: Financial Planning and Building Portfolios
Topic: Mercer is using a proprietary fund universe to argue that Canadian active equity funds have trounced the index
Replies: 9
Views: 727

Re: Mercer is using a proprietary fund universe to argue that Canadian active equity funds have trounced the index

So if you took away 80%, of the fee and the cash drag, a lot more mutual fund managers would show as beating the index. I think this is key. And I'd say most pooled funds quote performance gross of fees (i.e. zero fees) since they are negotiable in the institutional world. As noted, a good majority...
by DanH
01 Mar 2017 19:56
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Prevalence of investments without Morningstar or 3rd party corroboration
Replies: 11
Views: 381

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

The benchmark isn't something that I can assemble myself anyway. Sure you can. Courtesy of NormR you can use his Asset Mixer to look at what a single index or blend of indices would have done over many calendar years. If that looks like too much work you can stroll over to our friends at Steadyhand...
by DanH
01 Mar 2017 19:50
Forum: Financial News, Policy and Economics
Topic: Is there evidence of a trend from active to passive invest?
Replies: 16
Views: 2312

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

Good points DanH :thumbsup: Somehow the majority of Canadian investors have become comfortable paying 2% or more to have their investments managed. It remains to be seen if CRM2 and more disclosure of these fees and costs will have an impact, particularly in light of the lower returns that have bec...
by DanH
01 Mar 2017 17:21
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: ETFs vs. Mutual Funds
Replies: 14
Views: 577

Re: ETFs vs. Mutual Funds

I caught a CBC news story last night that described all ETFs as low cost vehicles replicating an index and all mutual funds as actively managed with high fees. As if mutual funds could not do the same thing (TDM900) and an ETF could not be a 2x leveraged bet on crude oil (HOU)? Surprising that the ...
by DanH
21 Jan 2017 12:13
Forum: Financial Planning and Building Portfolios
Topic: Observations of Full Implementation (Jan 2017) of CRM2 on Your Accounts
Replies: 19
Views: 1691

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

This recent article of mine explains the difference between TWRR and IRR (not needed for FWF regulars) but also touches on the issue of start-date bias and the lack of any industry standard on performance measurement start dates. Short take: they're all over the place. You're also right about not t...