I am new to a position that should have the ability to change RRSP Providers. I was curious at chocie of funds and expense ratio at the company and they seem high to me for the participant (1.5% plus). I'm an American (with a Boglehead type of philosophy) and help with our 401k plan and used to much lower fees (0.10 or less for passive and 0.6 or so for active). We currently use Canada life.
1. RRSP provider - Any suggestions for alternative...
I'm in my thirties with almost 30 years left to invest. I've been buying xeqt and veqt as my one eft portfolio solution, but have been thinking about switching to a 5-7 eft portfolio. I would like an all equity portfolio (not interested in bonds at this time) and was wondering if someone can help me with how my portfolio should be broken down to. I was thinking:
30% Canadian - XIC
30% US - VFV (prefer something less broad for possibly...
In another thread, a question was asked regarding Norbert's technique for converting Canadian dollars to US dollars or vice versa. Many of the people here came from TWB and learned of the technique when I pitched it there. Because the TWB archive is threatening to disappear imminently, I am going to paste the most relevant pieces in here.
Note that there is nothing sacred about either the broker or the stock named in the commentary below. You...
I live out in Langford, B.C. I looking for recommendations or information on reputable Financial Planners. Working remotely is fine. This would be someone who is fee based and is able to review current liabilities/assets, and help with decisions such as acquiring additional rental properties
to RRSP allocations
Not that good in maths, but if DJ has a 13.71% in the last 10 years and 8.49% in the last 20 years, this means that the previous 10 years (11-20, basically 2004-2013) must have been terrible, no? It seems the opposite for Canada.
Many of you may be aware of the changes to Horizons Corporate class funds a few months ago. I currently own a very large holding of HGRO (now called HEQT) in a marginal corporate account. Previously, the intention of these accounts was to minimize distributions and therefore tax through a few mechanisms. One of those mechanisms is a tax loophole which I believe still exists but really isn't the point of this discussion.
My wife and I are US citizens who moved to Canada last year as permanent residents. We do not intend to return to the US, but we'd like to keep our IRAs and 403bs there, at least for the time being. I'm planning to call several brokerages next week and ask them questions to determine who is the best fit for us. We're just looking for a place we can keep our IRA accounts and invest in index ETFs.
After realizing that stuctured notes are not for me, I became curious as to what other structured products are out there and found plenty. My conclusion is that none of them is for me. But some of them were so imaginative that I was impressed enough to report back.
Among them:
Constant proportion portfolio insurance :
Constant proportion portfolio investment (CPPI) is a trading strategy that allows an investor to maintain an exposure to...
Hi All
For asset allocation , is a defined benefit pension from a provincial govt considered fixed income ? Or do you ignore the pension and buy fixed and equity investments that match the suggested % allocation given ones age and stage of life?
Also for the fixed portion, is a % or a nominal $$ amount the better option.
Hi all, my first time posting...
I am a Canadian citizen/non-resident and have been working in Asia for many years.
I'm at a stage where I'm contemplating returning to Canada in the coming years...my parents are getting up there, career here is getting very stressful with frequent industry layoffs, surging expenses and no social safety net (on the other hand, it won't be easy landing a good position in Canada with my non-Canadian experience)....
I am building a rudimentary retirement cash flow sheet. How do you forecast future tax rates ie rates I would use for RRSP withdrawals (or any other income) 10 years down the road?
Do most just do a PV calc discounted at say 3% inflation and use what todays rate would be for taxing that future cash flow?
Are there free calculators or spreadsheet templates that account for RRSP/RRIF, CPP etc to model future after tax cash flows?
I like Martin Pelletier's column in the F post. This one is on portfolio construction and how using structured notes can limit downside, still give a good upside and be used as a portion of your book.
a short snip
All the structured notes in Canada from 2016 to 2022 generated an annualized return of 7.7 per cent, with only 1.3 per cent of the total generating a negative return (this includes higher-risk, sector-specific notes), according to...
I own VEA for a long time and it's done nothing good, under 2% return since inception in 2007.
I compare it to other holding I have, say VT or VTI and it's painfully obvious I should have invested everything in the US.
Just kidding.
As we all know, no one knows (duh) what the future will bring, but what explains such big difference in returns between US and the rest of the world in the past 10-15 years?
Wondering what folks here think about target-date bond ETFs, like those offered by RBC and Invesco? I didn’t honestly know they existed until DanH pointed it out here a year or two ago.
We have a decent mix of GICs and HISA ETFs, but I’m starting to move some of the HISAs into other product as I want to capture some upside if/when rates ultimately drop. We’ve bought some HBB but I’m thinking of also adding one of these target-date bond ETFs (or...
I was surprised to not find this topic title anywhere yet. So here it is. I'm hoping to trigger some discussion. If the moderator finds this topic already here somewhere please merge me in.
My portfolio includes the following in reasonably similar mix to VBAL so I'm interested in the pros and cons of just converting everything to VBAL. CAD VAB CAD XIC CAD various GICs and HISAs USD TIP USD VTI USD VEU
Of course, to the extent possible, I put...
Does anyone understand why, for some stocks, Yahoo Finance data for Forward Dividend & Yield is obviously wrong? (or maybe they are right and I am missing something...)
The two stocks that I've bumped into that do not have dividends but are showing a yield are:
I've subscribed to MPL Communications' newsletters for years. My various subscriptions aren't due to expire for over a year. However they all stopped being emailed to me at the end of June. I sent emails to customer service three times about the issue but got no reply. So I telephoned in mid July and when connected via the interactive directory to Customer Service there was just a recording saying they were all away till end of July, so leave a...
My spouse and I are both Canadian-US dual citizens who used to live in the US but now live in Canada. We have decided to renounce our US citizenship, as we have no intention of living in the US again.
We have most of our assets invested with US brokerages, as that's where we started our careers. With our renunciation appointments coming up, we need to make decisions about what to do with our investments.
Hi all,
I'm just reading about this business model in school and was wondering if anyone here has started a business or knows of business examples that use this model. My understanding is that with the franchise model you can expand with little financing.
What stage of startup do you need to be to use the franchise model?
Can it be applied in any industry?
What are the risks associated with this model?
Bogle for Dummies (from Wall Street Free Thinker Independent cost-conscious investors increase their wealth but not their friends. It's harder to celibrate gains than share a beer over losses. )
In a high yield environment like we have right now, bond funds would be yielding more than the dividends from our stock funds, so that makes sense to put into a tax-advantaged account (RRSP, 401k/IRA for US expats). But for many years bonds were yielding very little, and no one knows what they will yield after another few years. Plus in Canada we don't have the advantage of lower tax rates on qualified dividends from most of our stocks, like...
This is a forum of wisdom, and I could use some (a lot) right now (all the time), so I would appreciate your inputs:
I have about 12% of my RRSP allocated to emerging markets, currently all in VEE, which holds VWO
Converting to USD and buying VWO directly would save me 0.15% MER, plus ~0.45% in foreign withholding tax assuming a 3% yield, for a combined (and cumulative) ~0.6% per year gain
However, CAD seems to be quite weak compared to...
Background: I'm a US citizen now living in Canada. I plan to spend all of my working days in Canada, but the chances are 60/40 that I retire in Canada vs. the US. My portfolio's equity allocation is 65% US and 35% ex-US. This allocation is a relic of when I lived in the states, but after moving to Canada I decided to keep a US/ex-US split as I don't want to have any bias toward the Canadian stock market due to its size and lack of...
I (38M) run my own business and am also the primary care giver for my toddler. My career has also been somewhat delayed as I completed both an undergraduate and masters degree. My business is still small due to time constraints, but will (hopefully) ramp up more when my toddler begins elementary school.
Up to this point, I have solely contributed to my TFSA, which is now maxed. I understand that the basic idea of contributing to an RRSP is to...
I have a family member with one of the big bank's private wealth management teams.
A few years ago, she setup a self-directed brokerage account, through the same bank.
She wanted to dabble in trades, outside of suggestions from her advisor.
She was surprised to find out that the advisor knew the contents of her self-directed brokerage account.
Is that normal for a wealth management advisor to have had access to this self-directed...
I have a binder with with copies of memos to clients from Howard Marks at Oaktree . Lots of excellent insight and easy to read. Worth re-reading. -- Thus I'm starting this new thread.
I've just been rereading Marks' January 9, 2009 memo on 'The Long View' . The 18-page pdf file is an excellent overview, with hindsight, of the possibility that there may be smaller bubbles superimposed on a much longer term underlying bubble - like shorter waves...
Kiddo has about 5 years before university and using the RESP funds. That should be enough time for the current down turn to be over, and I'll need to move the funds over to less voilitle holdings. Currently everything is in TD e-series funds tracking the indexes.
What do people switch this over to? Preservation of capital becomes more important than higher potential returns.
My son (age 34) was approached at the branch while requesting his investment account be changed so that he could start self-directing his own portfolio. A rep approached and is requesting a meeting to have him join CIBC Personal Portfolio Services, pitching that they could help him if he wants to be a diy investor and it would save him money.
He’s considering requesting the meeting but wants to know if there is a catch. In other words, he...
Are moving averages useful? Which period? If the stock market tends to, say, a 5% real return, is some indication of whether said stock market has been under-performing useful in a buy decision? Or, some indication of whether said stock market has been over-performing useful in a sell decision?
I have read some papers that suggest no, the stock market is best modelled as a random walk with a positive bias, so past history, recent or longer, has...
I spent a long while looking for a decent performance calculation spreadsheet rather than having to build my own. I recently came across this one on the Bogleheads forum and am now using it. It is easy to use and accurate enough for my purposes.
Just thought that others on here might be interested. I couldn't find it posted anywhere else but apologies if it has been and I missed it.
So we have been to a lawyer he's summited a P10 on our behalf, a GIC listed on the P10 has come due, now what?
The GIC listed on the P10 is no longer around the money has dropped into a saving account can we buy a new GIC for whatever term we want now if the institution will allow it or is unaware that their process for handling estates is flawed?
Generally accounts are locked and you can't do anything...
I represent a group of wealthy families with corporate and personal portfolios aggregating over $50MM and growing. Currently they are paying full service brokers 50-90bps in a small number accounts, the smallest of which is approximately $2MM. A few of the smaller accounts are with full discretionary groups but over 90% of these are buy and hold accounts with little activity. A good portion of this is in global ETFs. All assets are...
I understand that in a low interest environment, the perennial question is why bonds or bond funds as opposed to cash or cash equivalents (money market, HISA, GICs). As I understand the theory of it, if bonds have a little more interest rate risk than GICs, there must be an overall increased return as compensation. So smart people like Vanguard and Bogle tell me to hold equities and bonds, and Vanguard nicely defends bond funds over individual...
My son has to choose how he wants his DC pension contributions invested.
Here is the list of options.
We can’t find out the MERs for the various options.
The SunLife web site is not very helpful.
I am 81 years old and have ishares high quality Canadian bond Index ETF symbol XQB
TFSA - purchased $81,337 now worth $66233 Down $15,104
RRIF - purchased $158,805 now worth $128,467 Down $ 30,338
A loss of 18.5%
Given the uncertainty of where interest rates are going and how long rates will be held high
should I sell take the loss and invest in some other fixed interest asset.
I’ve come to this forum many times over the past few years for advice on managing my portfolio and found it extremely helpful - thank you! Recently my 83 year old mother asked me for guidance with her investments. In a nutshell she has the following:
Non-Registered $775K
$275K Ideal Manulife Bond
$225K Ideal Manulife US Monthly High Income
$150K Ideal Fidelity Global Monthly Income Fund
$125K Fidelity Ideal Monthly Income Fund...
I apologize if im posting this in the wrong category. I'm starting a perfume business and I guess it's kind of related to building my portfolio.
I became acquainted with the founder of glory juice co and he agreed to mentor me when i told him about my business idea. im in the product development stage of a perfume that uses canadian trees and whale ambergris. still at early stages and i dont even have a business plan...
Hello
I am trying to get my goodle sheets portfolio up to date. All is going well. As many of you probably know, Sheets will update the stock price of your investments. This has worked well for most of the stocks but some, such as TOI and RET, for instance don’t work. Normally it would be something like: tse:toi. But this doesn’t work. I have tried various combinations of the venture exchange symbols. But they don’t work, either. Wondering if...
You always hear about people learning via costly mistakes regarding their investments. Can you actually quantify this? For myself I have two big mistakes so far
1. Purchased a mutual fund that I didn't fully understand. It was listed as a CDN equity fund but really was a resource fund. PUrchased it and it was very volatile and had a large drop about six months into my ownership. At that time I then dug into this fund and didn't like it's...
Not rehashing the whole story: wife and I are Canadian residents (wife has citizenship, I am a PR) with the bulk of our assets in US retirement accounts. We are both retired and will soon begin drawing from these accounts. The assets are held in tax-deferred IRAs at both Vanguard and Fidelity. Both firms indicate that with Canadian residency the accounts may remain open but transactions will be severely restricted: only distributions may be...
I have a full-service commission based advisor (at Wood Gundy) who has done ok over the years (bought and sold some funds, some individual stocks, and a very few bonds.). Even though it's generally been successful, in the last few years there have been a few poor choices, so I'm thinking of making a change.
Here are basically my options:
1) Continue as is, let the broker continue to pick individual stocks in consultation with me, generally...
Newbie here but long-time reader and very much appreciative of this forum. I've been keenly interested in personal finance since high school
but never pursued any formal finance education. Despite that, I'd like to think I'm doing better than average :)
Currently looking to get feedback on the following as I was fortunate enough to get $100k from a relative through an inheritance.
IMy first encounter with the orice-to-book ratio of a company's equity was in the 1970s, when I was a staffer for the Canadian Transport Commission, the regulator of railways in Canada. It was one of three indicators we used to value the stock of the railways (so that we could conduct NPV analyses, calculate subsidies, and so on).
Since the 1990s, price to book shows up regularly as an indicator (or otherwise) of value -- in the Fama-French...
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