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by BRIAN5000
18 Feb 2024 14:11
Forum: Financial Planning and Building Portfolios
Topic: The All Stock Portfolio?
Replies: 17
Views: 1218

Re: The All Stock Portfolio?

Can't find a link to the email I received on this fellows website but linked a copy below, any thoughts? https://canadiandividendinvesting.com/ Alvin’s mock dividend portfolio Like a lot of retirees, Alvin wants his portfolio to do the following: Deliver sustainable income That grows slightly faster than inflation With a low risk of dividend cuts That will ideally slowly grow his capital over time Leaving a sizable inheritance for his kids Combine that with his CPP and OAS and he figures that’ll be enough, especially considering he owns a small paid-off condo with very reasonable monthly fees. I considered all this when building Alvin’s mock portfolio. It’s stuffed full of Canadian dividend stocks with growth potential that collectively yie...
by BRIAN5000
18 Feb 2024 13:07
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

Not exactly what I was looking for but the chart shows with a 5% probability of failure you equity allocation can be a s low as 20% and still use a 4% withdrawal rate. (I think) I’ve replicated that figure below using 1000 Monte Carlo simulations for each strategy based on the annual SBBI data (1926-2010) for the same assets and assuming beginning-of-year withdrawals for inflation-adjusted withdrawals over a 30-year period. No taxes or fees are deducted. What this shows is that if a retiree is only willing to accept a 1% chance of failure, then the most they can hope to withdraw is about 3.8% with a 35-40% stock allocation. For a 5% chance of failure, a withdrawal rate of about 4.2% with a stock allocation of around 40-45% works best. https...
by BRIAN5000
18 Feb 2024 12:57
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

You may or may not want to include how the RISA helps with choosing using an advisor or not? https://retirementincomejournal.com/art ... cess-tool/
RISA a.png
RISA a.png (108.08 KiB) Viewed 467 times
by BRIAN5000
17 Feb 2024 21:23
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

https://edrempel.com/reliably-maximize-retirement-income-4-rule-safe/#:~:text=The%20success%20of%20the%20%E2%80%9C4%25%20Rule%E2%80%9D%20depends%20on,40%2F60%29%20should%20reduce%20it%20to%20a%20%E2%80%9C3.8%25%20Rule%E2%80%9D. The bottom section on “Highest Success Rate” is a test of the 4% Rule. If you want to be 95% or 98% sure that you won’t run out of money, the chart shows the maximum amounts you can withdraw from your investments. For example, if you want to use the “100 minus your age” rule of thumb and have 70% bonds & 30% equities when you are close to 70, you should limit your withdrawals to 3.6% (not 4%) of your investments. 98% of the time in history, your money would have lasted 30 years. Chart https://edrempel.com/wp-cont...
by BRIAN5000
17 Feb 2024 17:18
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

AltaRed wrote: 17 Feb 2024 14:19 One does not need to avoid stock allocations over 75% at any time before, or early into, retirement if they have a cash wedge (bucket) sufficient to supplement the cash flow gap (avoiding stock monetization) for 1-2 years. There are more than a few ways to design a robust portfolio.
Exactly that's why I thought 50% was to high a starting equity for the widest range of people. In that article the author says 50% should be the minimum, I question that assertion. I fired up the old dinosaur computer hopefully I can find some links, pretty sure 35% is the minimum that will make the 4% rule acceptable but I've been wrong before.
by BRIAN5000
17 Feb 2024 14:14
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

In such studies, constant/static stock proportions between 50% and 90%, or even 100% (with the rest, if any, of the portfolio allocated to cash and fixed income), have the lowest failure rates, i.e. the best odds of succeeding, based on historical data and simulations.[8][9][10] I thought Wade Pfau had some data that starting at 35% would meet the 4% rule and the main difference was terminal wealth & Volatility? From the quoted paper Sorting this all out, I think it is appropriate to advise the client to accept a stock allocation as close to 75 percent as possible, and in no cases less than 50 percent. and going over 75% What occurs when we increase stocks to more than 75 percent of the portfolio? This also turns out to be counterprodu...
by BRIAN5000
16 Feb 2024 19:03
Forum: Taxing Situations
Topic: TDDI RRSP US fund withdrawal
Replies: 3
Views: 317

Re: TDDI RRSP US fund withdrawal

OT but this week I just did a non RRSP US $ transfer from TDDI to big bank. Not sure how long its been like this but you can now EFT US$ to a non-TD bank same as Canadian dollars. You need US $ account linked with Void check. You need money in cash, call in, and ask to get it transferred.( I guess they may sell TDB for you but that would take an extra day) Was there the next day.
by BRIAN5000
16 Feb 2024 16:52
Forum: Financial Planning and Building Portfolios
Topic: Retirement Income Style Awareness (RISA)
Replies: 28
Views: 2076

Re: Retirement Income Style Awareness (RISA)

I once had a document which had these listed on it, looking for it. Stop it from loading and the article shows up, may be something in here to include or you may have it all covered.

39 Modern Retirement Income Planning Techniques
https://www.forbes.com/sites/wadepfau/2 ... 1401996ac4

and

Primer on Retirement Income Strategy Design and Evaluation
https://www.soa.org/48f48a/globalassets ... rat-de.pdf

I like this chart but others may not.
Retirement-Optimization-Plan2.webp
Retirement-Optimization-Plan2.webp (36.02 KiB) Viewed 877 times
by BRIAN5000
16 Feb 2024 13:07
Forum: Financial Planning and Building Portfolios
Topic: Financial Planning for Child
Replies: 1
Views: 231

Re: Financial Planning for Child

Rules may have changed but we used a simple In Trust account and half the money our daughter earned on her own went into it. (some government benefits qualified, baby bonus? She has a SIN right?) IIRC correctly birthday presents and any gifts qualified we had a jar on the counter half in the savings account half for her to spend. Even small amounts add up over time. Once she was old enough to open a TFSA we put it all in there.
by BRIAN5000
16 Feb 2024 12:15
Forum: Retirement, Pensions and Peace of Mind
Topic: Decumulation? Really?
Replies: 94
Views: 5662

Re: Decumulation? Really?

OnlyMyOpinion wrote: 16 Feb 2024 10:40
formerpatriot wrote: 16 Feb 2024 09:14 There is a lot of talk about decumulation strategies on this forum but I am curious as to how many of the regular posters actually have a portfolio that keeps growing during retirement.
You're not spending and giving enough away! :wink:
Correct - Equity up 2.75 times since retirement, last 12 years. Whole portfolio has doubled as best as I can tell without trying to find all the info. We will get to giving to the daughter, soon. :beer: With both of us not working we're cash flowing more then double we made in our careers then you add on a little bit of capital gains, amazing. :shock:
by BRIAN5000
13 Feb 2024 18:47
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you sell? What might you sell? (2024)
Replies: 26
Views: 3406

Re: What and why did you sell? What might you sell? (2024)

I think you guys are "somewhat" forgetting Golden Rule number two three - When you have the urge to do something go lie down. (attributed to an FWFer)
Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule. And that's all the rules there are.”
When something goes on sale, if I don't have a full position, I buy it, referring to Both TD and BCE but already have full positions in both.
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by BRIAN5000
09 Feb 2024 20:55
Forum: Community Centre
Topic: ChatGPT
Replies: 145
Views: 8406

Re: ChatGPT

Will a FCT Torque Wrench fit a 2017 M1 driver?


If you have a 2017 TaylorMade M1 driver and need to make adjustments using the FCT system, the FCT Torque Wrench should work perfectly fine for your club. Just ensure that you're using the correct settings and following the manufacturer's instructions for making adjustments to your driver.

My new to me toy
M1.jpg
M1.jpg (291.73 KiB) Viewed 241 times
by BRIAN5000
09 Feb 2024 19:41
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10330

Re: Clippings 2024

PSA & PSU
While the yield on these products has experienced a slight decrease over the last three months in response to regulatory changes, they continue to offer numerous operational advantages (listed below) and deliver significantly better rates than most traditional savings vehicles accessible to Canadians. We do not expect any more material cuts to the fund’s yield stemming from repricing changes from the banks.
https://www.purposeinvest.com/thoughtfu ... ry-changes

Anyone have a chart comparing these ETF rates to GIC's?
by BRIAN5000
08 Feb 2024 14:14
Forum: Financial News, Policy and Economics
Topic: Clippings 2024
Replies: 129
Views: 10330

Re: Clippings 2024

https://www.nasdaq.com/articles/stock-s ... nd-issuers

Why is this important?
Although it is easy to think that market structure doesn’t matter to investors, this research shows something as simple as the right stock price and spreads can save investors millions each day.
by BRIAN5000
08 Feb 2024 00:21
Forum: Taxing Situations
Topic: Small estate size solutions
Replies: 23
Views: 774

Re: Small estate size solutions

AltaRed wrote: 07 Feb 2024 21:45 Source link for that quote please?
WHAT'S THE MAX ESTATE THAT DOES NOT NEED PROBATE IN BC
by BRIAN5000
07 Feb 2024 21:22
Forum: Taxing Situations
Topic: Small estate size solutions
Replies: 23
Views: 774

Re: Small estate size solutions

We regularly share relevant information about wills and estates. In British Columbia, the need for probate does vary on a case-by-case basis, but a good rule of thumb is that an estate worth less than $25,000 usually does not need to go through probate.
by BRIAN5000
05 Feb 2024 20:05
Forum: Under the Mattress: Protecting Your Money
Topic: WealthSimple Cash
Replies: 38
Views: 2838

Re: WealthSimple Cash

I may be misunderstanding what you guys are talking about but they do have US balance capacity.

If you’re not a premium or generation account holder for a low fee of $10 a month you sign up then any US dividends or transfers will stay in US dollars. You have to opt-in. They don’t have a US cash account like the Canadian so once you have your US dollars there you could buy PSU.U fractionally, there may be other better ETF’s not sure.
by BRIAN5000
05 Feb 2024 19:44
Forum: Under the Mattress: Protecting Your Money
Topic: Bribes from Discount Brokers
Replies: 301
Views: 24263

Re: Bribes from Discount Brokers

optionable68 wrote: 05 Feb 2024 16:36 I just began the process to move all my TDDI accounts to WST and spoke to Wealthsimple today

Account owner receives the 0.5% transfer bonus.

Regarding Referrals, only the referrer gets the $1000. The account owner only gets $25.
Reps aren’t all equal this seem to say both get the bonus, in writing.That’s from within an account that is signed in.
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(147.48 KiB) Not downloaded yet
by BRIAN5000
05 Feb 2024 17:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What and why did you Buy? What might you buy? (2024)
Replies: 49
Views: 6675

Re: What and why did you Buy? What might you buy? (2024)

Anyone looking at APD
Air Products and Chemicals, Inc. (APD)
218.02-40.15 (-15.55%)
APD.png
APD.png (221.64 KiB) Viewed 2609 times
by BRIAN5000
03 Feb 2024 19:30
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth, 2023 (and beyond)
Replies: 85
Views: 7695

Re: Power of Dividend Growth, 2023 (and beyond)

Dig a little more looking at WXM (holds 30 stocks) only been around since 2012, compared it to my current weightings back tested and compared holdings to XIU, eh!
If I had bought even one or two of the winning holdings shown beside grid would have done better but my portfolio, at least in a back test, seems to better over longer periods.
P1 VS WXM.png
P1 VS WXM.png (32.15 KiB) Viewed 393 times
by BRIAN5000
03 Feb 2024 14:29
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth, 2023 (and beyond)
Replies: 85
Views: 7695

Re: Power of Dividend Growth, 2023 (and beyond)

To late to worry should have incorporated some momentum way earlier. I'd be ok with adding a few "Momentum stocks" as long as they were also dividend growth stocks. I have room for 3-5 more CAD and 3-4 more US stocks in my portfolio. Myth no. 8: Momentum is too volatile to rely on The authors agree that momentum is indeed more volatile than some other strategies. But as you saw momentum generated higher risk adjusted returns (higher Sharpe ratio) than value or size strategies. To compensate for the high volatility the authors suggest combining momentum with value investing so that your portfolio will do better should the market decline substantially. This will help you to better withstand downturns in either value investment and m...
by BRIAN5000
03 Feb 2024 12:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Power of Dividend Growth, 2023 (and beyond)
Replies: 85
Views: 7695

Re: Power of Dividend Growth, 2023 (and beyond)

OnlyMyOpinion wrote: 03 Feb 2024 11:31 ^OTOH, I see that this article in IE by Michael Nairne suggests Canadian dividend stocks may not be the best way to outperfom the TSX in the future (spoiler alert - it favours momentum).
Building a better Canadian equities portfolio

They point to changes in the banking sector, materials, oil & gas, and technology as the main reasons.

I have no horse in the race. My handful of dividend paying stocks are for income. It's not necessary that they beat the TSX anymore.
Good find will need to think about this I think I own one stock in the mentioned ETF momentum index top 15 (WXM) , MFC. :(


WYM.png
WYM.png (23.55 KiB) Viewed 277 times
by BRIAN5000
03 Feb 2024 01:15
Forum: Under the Mattress: Protecting Your Money
Topic: Bribes from Discount Brokers
Replies: 301
Views: 24263

Re: Bribes from Discount Brokers

Dec 11 we set up new account for WS for wife, new Iphone arrived today and up and running :thumbsup: :beer: New screen protector, new charger and new mag charger. Congratulation! My iPhone 15 pro is scheduled to arrive on Monday via FedEx, Wife’s iPhone 15 is suppose to arrive on Thursday. Also was able to stack bonus boost of $225. Rigger1, on what date did you first open your WS accounts? I appear to be squabbling with WS over eligibility for the bonus boost. Well made an error opened my account to look around in November should have canceled and opened new account in Dec. So Dec 8 for me and Dec 11 for SO but my money never got there till Jan 12 so my phone will be later. Yeah we arguing over referral's and bonuses as well. Had a girl o...
by BRIAN5000
02 Feb 2024 20:44
Forum: Under the Mattress: Protecting Your Money
Topic: Bribes from Discount Brokers
Replies: 301
Views: 24263

Re: Bribes from Discount Brokers

Dec 11 we set up new account for WS for wife, new Iphone arrived today and up and running :thumbsup: :beer:
New screen protector, new charger and new mag charger.
by BRIAN5000
02 Feb 2024 14:18
Forum: Retirement, Pensions and Peace of Mind
Topic: Retirement Countdown: Start of 2025
Replies: 74
Views: 4455

Re: Retirement Countdown: Start of 2025

Congratulations

Dumb question why are you planning on spending dividends instead of interest? Just because I'm usually backwards I spend my interest or GIC principle if I have to (unlikely) and reinvest the dividends. This has slowly pushed my AA from 35/65 to 47/53 (Max will be 50/50 unless I make a change) about 1% a year increase in equity, an increasing equity glide path.