Search found 499 matches

by OnlyMyOpinion
18 Feb 2018 15:25
Forum: Financial Planning and Building Portfolios
Topic: Portfolio Advice for Elderly Relative (Early 90s)
Replies: 29
Views: 1048

Re: Portfolio Advice for Elderly Relative (Early 90s)

Would the senior be amenable to gifting, say the proceeds of the house now, if it is certain they don't need the money? I'm wondering if the intent of these joint accs is spelled out in their will or codicil? As I understand it, setting up inter-generational joint accounts does not guarantee the FI ...
by OnlyMyOpinion
11 Feb 2018 20:16
Forum: Financial News, Policy and Economics
Topic: Oil
Replies: 1272
Views: 125100

Re: Oil

IMO the discussion doesn't fit in the Oil thread. Is there a political pornography thread?
This is pure politics. Horgan willing to acquiesce to weaver to hang onto power.
by OnlyMyOpinion
08 Feb 2018 19:35
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 179
Views: 13395

Re: Variable Percentage Withdrawal (VPW) for Canadians

... The number needs to be the age at which you could live to be. Yes, or the age at which you will die. What I was wondering is whether longinvest's comment, "For those using the spreadsheet: it's important for the Last Withdrawal Age to be at least 99" , was referring to a limitation of the sprea...
by OnlyMyOpinion
08 Feb 2018 17:50
Forum: Retirement, Pensions and Peace of Mind
Topic: Variable Percentage Withdrawal (VPW) for Canadians
Replies: 179
Views: 13395

Re: Variable Percentage Withdrawal (VPW) for Canadians

... For those using the spreadsheet: it's important for the Last Withdrawal Age to be at least 99. We aren't aiming for average life expectancy, here; we're aiming for never outliving our portfolio. (See previous posts about dealing with longevity risk around age 80). I've never used the spreadshee...
by OnlyMyOpinion
02 Feb 2018 15:55
Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
Topic: Mortgage Investing (private or publicly traded MIC's
Replies: 15
Views: 2900

Re: Mortgage Investing (private or publicly traded MIC's

RandomWalker, interesting article, thanks. I actually hadn't realized that Reuters did investigative reports. :oops: The original article, out in Nov 2017 and also authored by Matt Scuffham is here: https://ca.reuters.com/article/topNews/idCAKBN1DU1YP-OCATP The lack of previous action by some of FSC...
by OnlyMyOpinion
02 Feb 2018 15:34
Forum: Under the Mattress: Protecting Your Money
Topic: Where to park USD cash?
Replies: 67
Views: 1808

Re: Where to park USD cash?

... Maybe take out references to "TD Waterhouse" as well ? Doubt any beginners will know that that is the same as TDDI. Hell, I've gotten blank looks at TDCT when I call it Waterhouse. I agree, although "TD Direct Investing is a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dom...
by OnlyMyOpinion
01 Feb 2018 18:32
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]
Replies: 112
Views: 3603

Re: Norbert, your wish has been granted [Vanguard launching cheap balanced index ETFs]

Or this link which compares the three new asset allocation etfs side-by-side. VCNS conservative (60%FI), VBAL balanced (40%FI) and VGRO growth (20%FI):
https://www.vanguardcanada.ca/documents ... ple_en.pdf
by OnlyMyOpinion
31 Jan 2018 15:52
Forum: Taxing Situations
Topic: My Ex-Employer issued a T5 and dividends I never got
Replies: 19
Views: 404

Re: My Ex-Employer issued a T5 and dividends I never got

As Spudd suggested above, have you spoken to your ex-employer for an explanation?
by OnlyMyOpinion
28 Jan 2018 19:17
Forum: Retirement, Pensions and Peace of Mind
Topic: Continuing Power of Attorney for Property
Replies: 13
Views: 301

Re: Continuing Power of Attorney for Property

... From my experience dealing with financial institutions such as banks and discount brokerage firms, they tend to have their own boilerplate power of attorney forms that they would prefer to use rather than a client provided version... Yes, but in our experience a lawyer would counsel you not to ...
by OnlyMyOpinion
27 Jan 2018 13:53
Forum: Retirement, Pensions and Peace of Mind
Topic: Continuing Power of Attorney for Property
Replies: 13
Views: 301

Re: Continuing Power of Attorney for Property

Not a definative answer, but we've worked with notarized copies.
More useful to us however has been to have grantor and attorney meet with someone at the FI to introduce ourselves, set up the account access we need as the PofA, etc. Not sure if that makes sense in your case.
by OnlyMyOpinion
14 Jan 2018 22:45
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Sears Canada (Symbol-SCC)
Replies: 71
Views: 3463

Re: Sears Canada (Symbol-SCC)

Perhaps a reference to CTC.A's 175% total return over the last 5 years?
by OnlyMyOpinion
14 Jan 2018 21:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TD Direct Investing (was Waterhouse) Service
Replies: 1956
Views: 171426

Re: TD Direct Investing (was Waterhouse) Service

Thanks for the heads up. They were saying it wouldn't be till Jan.16 but there they are.
Time to do the 2017 rollup of 12mos of statements, and the year's confirmation slips (limited to 10 :x )
by OnlyMyOpinion
30 Dec 2017 19:59
Forum: Retirement, Pensions and Peace of Mind
Topic: Property POA - Financial Directive?
Replies: 15
Views: 623

Re: Property POA - Financial Directive?

An additional point: Even though I act (jointly with my sister) for my mother under an enduring PofA for which I have notarized copies, at the suggestion of the CRA, I have also gotten a letter from her doctor (at her long term care home) attesting to her permanent lack of capacity. Submitting both ...
by OnlyMyOpinion
01 Dec 2017 14:43
Forum: Under the Mattress: Protecting Your Money
Topic: Credit nightmare
Replies: 8
Views: 392

Re: Credit nightmare

Welcome to FWF. You are still young and moving in the right direction - congratulations! You don't say how your low credit rating is actually affecting you and your daily living today. Are you still not able to get a phone account? All I seem to read on financial forums these days is this short-term...
by OnlyMyOpinion
22 Nov 2017 20:25
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock study techniques ... thanks Mike
Replies: 11
Views: 545

Re: Stock study techniques ... thanks Mike

Vaper wrote:
22 Nov 2017 12:17
... I do not crunch numbers,I look at trends,Bitcoin could be a home run, do not understand it...
I'm not familiar with this company, which exchange(s) are their shares listed on?
by OnlyMyOpinion
22 Nov 2017 20:08
Forum: Retirement, Pensions and Peace of Mind
Topic: Property POA - Financial Directive?
Replies: 15
Views: 623

Re: Property POA - Financial Directive?

Tough to cover all eventualities. Our lawyer did not feel we should have an enduring POA in effect at present (early 60's). Hopefully I will be in a position to judge when I should kick the can down the road, while my wife (or failing her, my son) and I can discuss things 'collegially'. This is effe...
by OnlyMyOpinion
16 Nov 2017 17:32
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1521

Re: Passing on a DIY portfolio after death

With the recent passing of our daughter I've begun the task of researching options upon my death. Two hours of reading all the posts and I've come to the conclusion I don't know what is best financially but I think I know what is best for DW when I'm gone. Now I have to make sure she's on board wit...
by OnlyMyOpinion
15 Nov 2017 13:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dividend and distribution cuts (2017)
Replies: 25
Views: 3045

Re: Dividend and distribution cuts (2017)

A couple of months before it takes effect but Boardwalk holders that care about the distribution can assume the position! ... Thanks for the heads up on this. I'm out as of a few minutes ago. Time will tell, but based on a few other past cuts, getting out and letting the market fully digest seems p...
by OnlyMyOpinion
13 Nov 2017 11:21
Forum: Financial News, Policy and Economics
Topic: Oil
Replies: 1272
Views: 125100

Re: Oil

Recent article about the export constraints that Alberta's oil is facing, some projections and stats. Forgot About Keystone? Canada's Oil Majors Haven't (Liam Denning, Bloomberg 13-Nov-2017) ... the bigger issue is that Alberta's production is outpacing its pipelines. And the problem will get worse ...
by OnlyMyOpinion
07 Nov 2017 18:02
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1521

Re: Passing on a DIY portfolio after death

... Ronjoh doesn't mention who their executor is or if they have trusted children/relatives who might help. ... That would make doing anything other than working with a traditional '% of AUM' advisor, or relying on a trusted* family member/friend problematic.... * I might also suggest this be done ...
by OnlyMyOpinion
07 Nov 2017 13:13
Forum: Financial Planning and Building Portfolios
Topic: Passing on a DIY portfolio after death
Replies: 35
Views: 1521

Re: Passing on a DIY portfolio after death

How about the all dividend portfolio that requires a look once a year? Is this the one that an offspring could handle for the elderly parent thus saving the 1-2% fee? 2 yen Not if there is no offspring, or a competent offspring with a DIY (and especially stock assessment) skillset. IMO, no one shou...
by OnlyMyOpinion
25 Oct 2017 21:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: History of Discount Brokers in Canada
Replies: 13
Views: 448

Re: History of Discount Brokers in Canada

For the first discount brokerage in Canada check out George R. Gardiner and his brokerage which was sold to TD in 1987 as part of Greenline Investor Services, renamed TD Waterhouse in 1999. In addition to his brokerages (he had also started Gardiner Watson earlier), George brought us Scotts (Kentuck...
by OnlyMyOpinion
25 Oct 2017 15:10
Forum: Financial Planning and Building Portfolios
Topic: 25 years ago, did Oct 19 '87 influence you?
Replies: 31
Views: 1583

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

The '87 crash and recovery demonstrated to me that the sun does rise again. We had only modest amounts in RRSP's at that point and were still building 5yr GIC ladders as a 'financial foundation'. We were only two years past having paid off our house after buying it in '80 (didn't fancy the 14.5% mor...
by OnlyMyOpinion
21 Oct 2017 14:19
Forum: Taxing Situations
Topic: TFSAs and carrying on a business
Replies: 24
Views: 1535

Re: TFSAs and carrying on a business

The sad thing is that there are no specific rules, only vague guidelines... without specific rules I suppose someday they might be knocking on my door. In my experience dealing with government staff working under regulations, I came to realize that having some ambiguity can allow staff to use discr...
by OnlyMyOpinion
21 Oct 2017 13:08
Forum: Retirement, Pensions and Peace of Mind
Topic: TFSA AND SOMEONE ON ODSP
Replies: 25
Views: 4936

Re: TFSA AND SOMEONE ON ODSP

I apologize for digressing... Yes, you're right. Don't fully understand these programs yet, still a few years into the future of this individual. I see on gov't site: If your yearly income, not including your OAS pension, exceeds $17,759.99, you do not qualify for the Guaranteed Income Supplement ht...