I'm particularly interested in if there is good evidence/research on the value added from holding in All-in-one ETFs vs holding in underlying ETF's. I feel like this must have been done with popularity of all-in-one funds. I couldn't find anything myself either in this forum or in google but i'm happy to be redirected if someone has asked this already.
The reason I'm now interested in this is that I've recently gotten some fee-for-service...
Looking for some generic financial advice. Recently subdivided a property and have cash. What is the best thing to do with the proceeds? Pay off debts? Invest?
Here are some numbers:
450K mortgage - 3.5% 22 more years
$400,000 Cash
$100,000 Line of Credit Debt -3% interest
$300,000 RRSP's
12 more years before retirement
$150K per year income
Municipal Pension
One more kid to send to University.
I'm a new member of the forum, and a reasonably experienced DIY investor. That said, I've never actually gotten an outside opinion on our portfolio, and I would be grateful for any feedback. My wife and I are both US citizens and Canadian permanent residents who moved to Canada last year. I'm 45, she's 41. We're comfortable with risk. In terms of when we might need the funds, I think we may be approaching a time when we both transition...
Good Afternoon
After 30 years with Assante I can no longer tolerate the 2% MER and it’s drag on my wealth accumulation. Assante has us in a balanced portfolio that has returned about 5.71 year to date.
It has returned about 7% annualized over the past 10 years.
My wife and I have roughly 400K equally divided between our TFSA’s and our RRSP. We have 2 DB pensions and CPP’s that cover all monthly expenses including travel. In fact we are still...
I'm contemplating early retirement. Have a relatively large RRSP which will be the core of our retirement funds. Young kids.
I want to hire someone who can present optimal strategies to save on tax when withdrawing from RRSP, possibly strategy to liberate cash to upgrade our house, look at scenarios such as financing vs purchase a car outright to minimize tax, but to start how much do I need to have stashed away in our RRSP before walking away...
[quote= Cinthia Murphy @ etf.com ]The so-called robo-advisory business is quickly growing, and it’s easy to understand the appeal of automated portfolio construction and management for a very low cost. This type of log-in, answer-a-survey, get-your-portfolio-underway type of experience has attracted millions of dollars from investors of all sizes. But there are risks that need to be understood.
Firms like Wealthfront and Betterment are some of...
With the advent of the new All-In-One ETFs should my or maybe everyone's benchmarks change, I'm referring to Canadian investors. I guess the overweighting in the Canadian market by the ETFs may make a difference.
I just pick the do nothing ETF that closest match's to my portfolio?
So if I'm 100% equity my benchmark is VEQT if I can't match or beat VEQT in any meaningful way I should just buy VEQT? (for a 60/40 dividend portfolio it would be...
If you were sure the market was going to drop down at some point in the near future, would this be worth a try?
1. Transfer in-kind some of your highest gain stocks from TFSA into your non-registered account. There is no tax event. Yet, record acb for non-reg.acct.
Wait until the following year (or years) for the market to really drop back down.
Transfer in-kind some stock, back into the TFSA that is close to neutral - doesn't have to...
Hello All,
My spouse and I hired a fee based only financial advisor who has given us a great portfolio and financial plan for retirement, but we absolutely dislike immensely the investment company we are using CI investments (used to be Wealthbar). We are paying them .35 to manage our portfolio and I find they do a piss poor job. No individual attention can not get anyone on the phone when I call and no one is responsible for the management of...
I just returned to Canada after living in the US for 20 years. I was a member of Bogleheads in the US but was unaware of Finiki, so I was delighted to find you!
Which discount brokerage would you recommend? I have been using Fidelity in the USA for the last 10 years and was given some bad information from two different advisers that were assigned to me. I asked if I would be able to maintain all my accounts after moving to Canada and was told,...
I have commented on a few threads in the past that as a non Canadian resident I have found HSBC Investdirect to be reasonably convenient.
I have to update this situation with a restriction which I have just come across.
I have been informed that HSBC Investdirect is unable to process buy trades for European residents in any ETF or mutual fund. Apparently this restriction has been in place for a bit over a year. I am told that it is based on...
I'm looking for some opinions on the investment strategy... We moved to Canada 18 years ago and got good jobs and income. Both my wife and me, have DB pensions and our RRSP is very limited. We also have no room in TFSA and the mortgage is paid off. As we have a relative higher income than the average and no debt, we are also able to save a significant amount every year... my wife's salary plus about 25% of my income.
I have some market-linked 5yr GICs that were purchased 1.5 to 2 years ago by my mother, who has since passed away. She made me joint owner so I inherit through sole survivorship. With the settlement of the estate I have a one time opportunity to redeem them prior to maturity (receiving the capital only). The maximum returns are min 2.75 to max 25% over the term (not annualized). This is not an investment I would have ever made myself – I...
I have some money earned through sale of company stocks which is lying in my Cash Investing direct account. I'm wondering if I should transfer this whole amount into my Savings account where I am saving for downpayment of my house or I should maybe not put down so much down considering I would probably be looking at selling the house in 5 years. Does it make sense to take a bigger mortgage and use a part of the planned downpayment towards...
Edmonton software ace looks to upend one of the world’s most entrenched industries
NOTE: This is behind the G & M paywall
I was interested in this. it doesn’t work at all if you’re young. It doesn’t work at all if you’re an immigrant. You’re what they call a ‘no-hit’—you’re credit invisible, and therefore unbanked or underbanked.”
Two examples
(1) My daughter never had a credit card when she was...
My new employer does 3.5% RRSP matching, of which I'm contributing that total amount to our Manulife Group RRSP. Biweekly those funds automatically buy shares of Manulife's U.S. Equity Fund ( which was the closest fund that I could find to Vanguards VTSAX in our Manulife Group RRSP account.
Early next year, once I've got my credit cards and the remaining balance on my car loan paid off, I...
I’m currently 52 and my wife is 51. We have three children two in university and one in grade 11. I am responsible for paying for the University so I have no plans on retiring for at least six years.
The following $ figures are not real they are for example only but the ratios would apply to my case.
We currently own our own home outright and have a line credit for $40k on it.
I’m trying to figure out the long term pros and cons when it comes down to choosing between the investing strategy of dividend versus growth. I understand investing comes down to personal strategy and risk tolerance but is there a clear winner specifically in regards to best overall return on investments?
More specifically, I’ve been reading a lot about individuals focusing solely on individual Canadian dividend stocks for their...
Greetings! I am a Canadian resident as of late last year; prior to this I used to be in the US on a work visa (Indian passport). My situation is:
Emergency funds : 3 months of expenses in bank
Debt : none
Marital Status : Single
Tax Rate : 53.53 marginal according to online tax calculator + Google. 33% Federal, 13.16% Provincial (doesn’t add up to 53.53, not sure where the rest goes)
Provincial Residence : ON
Age (a range would suffice) :...
For a while now I have been parking my $US cash in TIPS (SCHP) as a better vehicle than the brokerage $US HISA or MMF. I was not looking at the inflation protection, just a relatively save but positive return. I have been considering if I should have more of my bond allocation in inflation protected Real Return Bonds. The problem with RRB's appears they are not easy/practical to purchase as individual bonds (Even more so than regular bonds due...
I first posted here waaaaay back in 2005 at the tender age of 24 as a single university student with big, new ideas on indexing (it's so simple! why doesn't everyone just do this? I am so smart... S-M-R-T).
Well, more than 15 years later I can say that life has definitely happened. A lot of ups and downs. Financially, didn't quite get there on the indexing side of things, but honestly the general ideas I picked up here really...
I've never participated in DRIP before but am considering it in the TFSA (synthetic drip?)
BNS, CIBC, LB are the ones I was considering just reinvesting the dividends. Each of these holdings brings in about $900-1,000 annually.
I didn't want to DRIP in the non-registered account, due to the extra ACB legwork (however minor) one has to do every quarter.
---
I know we all don't have a crystal ball, but here's my quandary:
What's...
Over the last 6 months my fixed income portfolio has matured and I exited most positions. In fact I had all GIC's of 2-4 years duration from 2.4% to 3.1% rates. Sadly, I cannot renew at those rates!
Current position
Cash 95%
VBAL 2.5%
CXF 25%
While a single ETF like VAB might suffice, I would like to create a portfolio of fixed income ETF's encompassing 4-8 sub groups such as these..
Kicking myself for not thinking about this ten years ago.
I contribute $2,500 a year to RESP in order to get the $500 grant. The grant tops out at $7,200 lifetime which means $36,000 of your contributions can get the grant. The lifetime contribution max is $50,000, so that means you have $14,000 of contribution room that will not get grant money.
So is the best approach to contribute that additional $14,000 into the plan as soon as you can? I...
Hello. I am a US citizen who moved to Canada as a permanent resident last summer. I have an old 403b at TIAA and my current plan is to leave it there as they have been friendly to me having a Canadian mailing address. In 45, and I don't anticipate drawing from it before I'm 59.5.
This 403b is split between three contracts, each of which have slightly different investment options. Fortunately for me, the one that allows rollovers in is also the...
I am more or less happy with my 30% fixed income 70% equity asset allocation, but I am still uncertain as to how that should change over time, at least while I am in the accumulation stage. My thinking was to either:
1) Just keep it 30-70 forever
2) As my fixed income portion dollar amount increases, decrease its relative portion
The reasoning behind 2 is that the only reason why I would need any chunk of money from my portfolio would be for...
As a beginner I’ve recently decided to take a closer look at my finances and reorganize my assets. Due to the poor performance and expensive fees of RBC and Sunlife MFs I want to redeem all my funds and reinvest in ETFs directly using platforms such as Questrade.
Emergency Funds: 2 year of expenses + money for unexpected life events and leisures in a HISA.
Debt: $0
Marital Status: Single
Tax rate: 30% (before loosing income)
Age: 39-43...
I am looking for a software package or app that will allow me to track all my credit cards / bank statements / investment accounts and also have the ability to do some whatif analysis to model HELOC, mortgages etc with respect to revenue property, the ultimate goal being to see how I stand at the end of the day on a monthly/yearly basis. Recommendations?
Hello,
We currently are in need of some advice. I hope I added everything in correct order. 1 current mortgage 4K monthly for 9 additional years.
Him: 55 years old
Her: 55 years old
Gross salary 350k
Debt: Second Home. $290,000.00 9 years @2.9%
Tax Filing Status: Married Filing Jointly, Two adult children who are independent.
Tax Rate:24% Federal, 3% State
State of Residence: PA
Desired Asset allocation: 80% stocks, 20% bonds
Desired...
If you have a substantial amount in a bank account upon your death....you will go to probate..even if there in no other reason for probate!
All banking institutions have a nice little probate bombshell just waiting in the wings to explode on any unsuspecting customers! How can this affect you and your estate? I'll explain that in a minute, but first you need to be aware of the 30 year rule that applies to real estate. This exemption applies to...
My wife's parents bought her a London Life policy at when she was 16. The original document shows an estimated death benefit at age 95 to be 777K, the annual premium is $165 (changes over time a bit). When we requested an update the latest document showed an estimated death benefit at age 95 to be 60K!
Is this fraudulent or just the result of low interest rates? We're planning on just cashing it out and just investing it, we feel her parents...
I would appreciate your expertise and insights in setting up a portfolio for my Mother. Here are the particulars:
- she is 80 years old, frugal and lives comfortably on her government pension
- she has about $800K currently invested and wants to grow it to pass on to family
- she is perhaps more risk adverse than she lets on - has previously sold on market pull-backs. However, she has bought a bunch of risky...
Greetings,
I am a US Boglehead as well as a resident and citizen there. I have an unusual situation and the US Bogleheads referred me here.
My son is engaged to a Canadian citizen and resident (Toronto). They are both early thirties. They both have good financial habits but aren’t particularly well versed in investment options. My DIL to be asked that I set up some investments for her. She plans on moving to the US in a couple of years...
I am nearing payoff of my mortgage and would be very grateful to have your feedback on my overall status and any advice on what to do next. :) My focus has been to pay all debts before doing much other investing other than what we get through our employers.
My current status:
I'm 45, wife is 40.
Condo worth around $850,000+ (crazy Toronto market) with $32k remaining in HELOC (strictly mortgage debt here, no consumer debt).
$49k in...
Subject: Tax-Deferred Investment using Whole Participating Life Insurance
I have read the thread on life insurance so I know where many of you stand on the subject. So, at the risk of leading with my chin, I wanted to share my experience with you.
During my working life, I had a whole life policy for $25,000 plus some reducing term ($20,000) and a company benefit of $25,000 (which drops to $12,500 at age 65). I felt this was plenty. But then...
I noticed a month ago that a service called Passive comes free for users of Questrade. So I tried them out and am quite impressed. You set an allocation across different accounts and brokerages and it keeps track of it all and lets you know when adjustments are needed and exactly what is needed. It also handles new contributions and recommends where the proceeds are distributed depending on where the allocation presently is at. With one click...
I’m a 34 year old American moving to Canada in a few months, and I’m looking to understand how it might eventually impact my asset allocation. Although I anticipate the move to be long-term, I wouldn’t be making any large changes until I spend at least a year or two there. But I’d still like to understand what a good allocation might look like if I stay north of the border. One thing to note is that, even if I stay in Canada for decades,...
First time poster, many year lurker. This will be a long post, but I wanted to start with thanking the regulars here for their sound advice I have read over the years. My spouse and I are salaried employees in our late 40s. We're pretty boring investors, and have maintained couch potato type portfolios since our mid twenties, maximizing our savings, RRSPs and TFSAs. We tried to keep our RRSP, TFSA, and registered account balances roughly...
Hi all! This is my first post as I finally want to take my investments to the next level. I have only recently been able to have any substantial money in a taxable (cash) account, and I want to redesign my portfolio for maximum tax efficiency, with the following parameters:
1) I am a fan of index investing and don't really want to pick stocks or time the market. However, I don't mind going the extra mile for efficiency and price.
2) I expect to...
Hello all! I have a windfall of cash that allows me to retire early. I am new to managing my own portfolio and would like to use a lazy portfolio strategy. I looked at these examples but it states they are pre-retirement options. Also, I have read the permanent portfolio which includes gold, which I think is a good idea. So can I get some updated options on what a very lazy retirement portfolio should look like? thanks so much
One of my senior friends has asked me the following question:
Does it make sense for him to transfer all or a bulk (80 -90 %) of non registered assets {all liquid investments) to the children now, while he is living, The children are also designated as equal beneficiaries in the Will?
Some background:
Single, around 75, On Defined benefit indexed pension and benefits income, more than enough to meet current needs, own home (will keep - no...
My wife and I are US citizens who recently moved to Canada as permanent residents.
In brief, I will begin to be paid in CAD in August. My thinking is that I will first put that into an RRSP, and once I run out of room, I will invest any excess in a non-registered CAD account at Questrade. I want to avoid PFICs -- am I right in thinking that I'm OK with individual CAD stocks? I'm typically invested in low-cost index funds, but I was thinking...
Looking for ideas for 87 year old with 800k to invest.
No stocks so All-in ones are out
All CDIC GIC's, maybe some VAB
Easy, Simple but wants as good rates as possible
No TFSA yet
GIC Direct Directly, GIC Direct through Edward Jones
Must have CC as bank for working Capital, very low yearly minimum draw maybe $5000
In my TDDI RRSP I have a large portion in the US sub-account.
It is in US$ cash at this moment and I want to invest it.
I like the VBAL one ETL solution, but its in C$.
So, I am having a hard time deciding between these 2 options:
1)
-move US$ from RRSP-US to C$ in RRSP-CAD using Norbert's Gambit
-buy VBAL in RRSP-CAD
2)
-Buy 4 US Vanguard ETF in RRSP-US
using 60:40 using
What would you do? Is there another option I may...
Emergency funds 4 months
Debt: none
Marital Status: married with children
Tax Rate: 15%. federal and 12.5% pronvincial
Age 52
Desired Asset Allocation: 60% / 40%
Desired Stock Allocation outside Canada:) not sure
size of portfolio: just over 1 mill
Current Assets
His Taxable USD
20.18% VXUS Vanguard Total International Stock ETF .08%
His ROTH IRA USD
28.42% VTI Vanguard Total Stock Market ETF .03%
8.25% BBCA JPMorgan BetaBuilders...
Hi,
I just started investing, and in these tough times, looking for guidance on where to invest. Stocks, Bonds, ETF, Gold, currency etc. all options open, what is a good market? Also, Does the bond market work better than stock if the market goes down? How about Gold?
PS: I am focused on being a long term investor and want to invest in regular intervals.
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