Just found the forum yesterday, and here I am making a first post (don't judge me, I always admired forums, but never signed up for one) :thumbsup:
So here's my quick backstory: I'm a 2007-born Ukrainian young man, who came to Canada in September 2022. I became interested in digital things couple years ago, back then I went into cybersecurity. Since then, was jumping from one field to another and never really felt doing any of it (lost...
Hello, noobie here. I'm putting together my first investment-strategy one-pager and I'm wondering if I need to create a Projections section. Given the simplicity of my approach (monthly purchases of VGRO), I'm not sure if this is warranted, but I also want to be thorough and cover my bases. From Vanguard's website:
o “Your financial projections greatly depend on your assumptions, especially for inflation rate, investment expenses, taxes and...
At what sort of interest rate does paying interest on a margin not make sense to buy all in one ETF like like veqt?
Would not be in a registered account
In other words, should I pay my margin loan down or continue to use my margin to buy equities?
My wife has no income in 2023 so my plan is to cash ~30k of her RRSP (to get money out cheap) but then purchase a similar amount of spousal RRSP in her name (so I get a tax deduction.)
The attribution rule mean if you take money out of a spousal RRSP within two years of putting it in, it can be taxed in the contributing spouse's name. But, in this case, the money isn't being taken out of the spousal RRSP, it's being taken out of the non-spousal...
Hi,
Not certain I understand the withdrawal and re-contribution rules for the scenario below.
I have maxed out my TFSA contribution in each of the years ($88,000 cumulative contributions), and I have never made a withdrawal. The TFSA currently has an account balance in the range of $200,000. If I withdraw $150,000 for a downpayment on a house, what would be my re-contribution limit in 2024 be?
Thank you for entertaining my scenario, it is kindly appreciated in advance. 14 months ago I invested with a large firm and now have realized that was the wrong decision for a number of reasons. While my wife and I are happy as newbies with the performance of our portfolio we are less than happy with the IA's fees and communication. It is not going well at all. We need to leave. My wife and I recently met with 2 other large...
Newbie investor here. I recently set up my account and Questrade and purchased a position in VGRO, which I'll be adding to every month over the next couple of decades. I'm going to register for DRIP which, if I understand correctly, reinvests my dividends to purchase new shares.
From what I understand about VGRO (and ETFs in general), it pays DISTRIBUTIONS, which aren't quite the same as dividends. I'm wondering if there are other forms...
Here is a lot of ETF data, to my knowledge not easily available elsewhere.
I collected all the ETF data I could find for the US and Canada from ETFDB.com and TMX.com, 4,261 in all, then added hand collected info for selected items. Here is the spreadsheet, which I’ll leave available for at least a couple weeks. Please verify data before making any personal decisions as I may well have made finger errors:
Hi, Norman Rothery suggested I consult this learned group. I’d greatly appreciate your feedback.
I am a 60 year old management consultant in Ontario, good retirement portfolio, and no debt. I sold a domain name and now have several hundred $K of “extra” money to play with. I am fine putting this pot in an all stocks higher risk / potential for higher reward investment. I won’t need the funds for at least 10 years, likely much longer.
There are 4 ETF providers in Canada, that I know of, which provide asset allocation ETFs. The people who design those asset allocation ETFs are very likely investment professionals, with strong backgrounds in asset allocation. So the products they offer very likely represent best practices in the investment community.
VT is Vanguards' world market cap stock index ETF, and gives a market cap weighting benchmark for country/region allocation....
I have GIC maturing at Oaken on the 27th June and have set up the principle and interest to be transferred to BMO at maturity. Does anyone know when will I actually see the money move to BOM i.e will it be immediately or will it take several days? The reason I ask is because I have a cut off date of 30 June for a promo at BMOIL and need the money in my account at BMO chequing so I can transfer to BMOIL before 30th June.
I've been following this forum for quite some time and cannot thank everyone involved for their thoughtful and valuable input. I have obtained a wealth of knowledge from the discussion and advice offered here. I am still definitely learning though.
Some background info: My registered accounts were with Sunlife for years due to the fact that they handled the corporate-matching retirement plan from my first job out of school. When I left that job...
I currently have an advisor at a reputable brokerage. 130k to invest. My plan is to put it all into VGRO or VEQT. My annual fees are under 1% at the brokerage, only because this person manages my parent's assets as well, so I get their best rate.
I learned that questrade offers commission free trading of XGRO. I have a couple of questions about this:
1. If I were to invest the 130k in XGRO and make my monthly additions through...
I have 130k to invest. I'm going to invest 90% in VGRO or VEQT (still undecided) and the remaining 10% in an REIT ETF. Which one is best? Some quick facts:
New to investing
28 years old
Long-term time horizon (20+ years)
No encumbrances
Will be making monthly purchases of each, and rebalancing the portfolio. Right now, given my limited income (roughly $2500 per month), I can only afford to allocate about $500 to my brokerage account...
I am possibly travelling to Europe or the US for private pay healthcare. I will possibly need to transfer $100,000US or more to the Healthcare Provider involved. I have an account at RBC in CDN $.
Keeping in mind delays should be avoided, what is the best way to do this?
Thanks.
Peter
Is anyone here using Banktivity? It's our chosen financial tracking (expenses, budgeting, investments, etc.) for Mac. I've tried quite few over the years (Quicken, StockMarketEye, many others) and the choices are rather limited for those of us who can't handle the hassle of Windows and just want to use a Mac and just get it done.
I've grown to like it. It downloads BMO, RBC and American Express stuff pretty ok, including bank accounts, credit...
Hello! I recently moved back to Ontario with my wife and children from the US after 15 years. While in the US my wife and I became US citizens and our children were born there.
Now that we're in Canada, it seems we'll need to find a firm that does cross-boarder estate planning. I've been searching online (and through this forum) for recommendations, but not finding any solid leads.
Can anyone recommend a firm that handles cross-boarder...
We have just helped our elderly parents sell their house (nice proceeds after a few decades) and move into a condo. We would like to generate a little income stream from them with principal protection being relatively important.
Are folks still thinking GIC ladders (with or without monthly payments)? Does it make sense to consider treasury bills or something else
CDIC protection is $100. I believe that certain banks (RBC, TD) have multiple...
I'm Canadian, currently living in Germany with my wife and 2 kids. I left Canada about 11 years ago. We have some cash savings and I have some stocks from the company I work for. Zero other investments. We plan to move to Canada within 2 years.
I want to take almost everything from our savings and aggressivly pay into an etf for about 2 years, then reduce the amount to a reasonalbe amount to what we are making in a month. In europe,...
Often discussions here will be influenced by whether a poster has, or will have, a pension upon retirement. I thought that it would be useful to get a general picture of this.
I was attempting to recalculate a number of fields in this article. I believe my math is sound but might be the data I am using from MS Excel and Yahoo Finance.
I am trying to calculate 1yr Total Return that lines up with the data without luck. Also appear that basic items like P/E are off in the table vs. others sources.
The highest-yielding stocks on the TSX, plus risk data
Scott BarlowMarket Strategist
Published...
I'm a U.S. citizen and resident living in Washington state and wish to establish a trust for two Canadian beneficiaries (living in Ontario). I'm still educating myself about living revocable and testamentary trusts and thus haven't made a final decision regarding which of those to pursue. I'm hoping that some questions regarding the cross-border issues can be addressed here independently of which trust type I use in the U.S.
In my case always needing large buffers for piece of mind I think I may be over funded. I think this requires different strategies then being closer to being at or near proper funding (retiring as early as possible with enough to fulfill retirement)
For example
VPW for a car
Just take it out of cash? Not a good example of a GIC ladder but working on it.
WIP.png
Don't take OAS early
If you don't take OAS at 65 by the time you have to...
I have a dilemna of what to do with my liquidity surplus at this moment.
Here is the situation :
-I'm lucky that my TFSA and RRSP are maxed out (around 210k$ in total, I'm 33 years old)
-I have a car payment with a 3.49% interest rate
-I will need to renew my actual mortgage (2.99%) in June 2024. I anticipe a 5% of interest at this moment. The mortgage balance will be around 138k at the renewal.
-I received annually roughly 30k...
After reviewing the latest ACB's on my broker's statements I was wondering about holding something like XIN in a registered account.
I noticed that XIN had a $ 2.26 reinvested distribution per unit. Now while this is fine in a non-registered account wouldn't it be a complete loss if held in a registered account like an RRSP or even a TFSA or am I missing something ?
I have recently been looking into wills, estate planning, and life insurance but I'm really not sure where to start and what is involved. I have been doing some digging around on the Internet, but most of the information presented seems to be a suggestion to buy life insurance (which I don't think I need).
My personal financial situation is fairly simple: 30s, no debt or mortgage, significant cash savings, modest RRSP and equity investment...
I have 130k to invest. My financial literacy hinges thus far on a single book - It's Not About the Money by Brent Kessel.
In his book, Kessel recommends a passive indexing strategy coupled with rebalancing (if there are best practices for setting corridors on rebalancing, please share). Furthermore, he advocates being asset-class diversified - investing in assets that tend to fluctuate independently of one another. This reduces...
Longtime Boglehead lurker with a Canadian girlfriend who I'm helping out with her investments. Thanks for your patience as I get up to speed.
Background: She's been investing in an RRSP for herself and RESP's for her two kids for a bit. But, like myself at one point, thought the financial company was doing its job. LOL! So she's with Investia and they have her in DSC and FEL funds that have MER's at 2+ points. So the whole portfolio...
U.S. will default on its debt if there is no agreement to increase the debt ceiling as early as June 1 . I thnik that this would result in many U.S. politicians committing political suicide, but then, rationality has not been one of Congress' strong points lately.
So the probability of a default has become non-negligible, in my opinion.
How does a Canadian investor prepare? Sell all U.S. fixed instruments? All U.S. equities? And do what with...
Hello,
Presently I have an account with a US broker that is subject to US Estate Tax as a Non Resident Alien. (Living in Panama, 67 yrs of age) I wish to set up a Canadian BC LLP that would hold my investment portfolio. The BC LLP would not hold a brokerage account in the US (probably UK or Singapore) and not invest in US situs securities in order to avoid the US Estate Tax. There is hardly any info available on this jurisdiction/structure for...
My wife and I have been gradually transitioning investments to a portfolio of GICs and VEQT. Although we are currently non residents of Canada we expect to return one day and our children and grand kids who will be beneficiaries of our estate are Canadian residents. Consequently we have maintained most of our assets in Canadian dollars in Canada.
We have recently moved to the UK. It turns out that since ETFs such as VEQT are structured as...
I can't say it's my Magnus Opus, but it definitely feels like a lot of reading has been involved in making this plan. Also, I can't say enough thanks to this forum's members for their lending hands (and patience!).
Here the overall approach
We are young, so we need to plan for longer than normal retirement horizon (40-50 years). With the current CAPE ratio, I am aiming at 3.25%-3.4% SWR with a 40% FI 60% equities starting position....
The typical discussion on asset allocation starts with Stocks vs Bonds vs Cash. But how does one's real estate holdings factor into the mix?
Suppose someone has a rental property as well as owning their own home. Does that mean that their stock allocation should be lower? What would be a reasonable % allocation for a mildly conservative investor in such a situation? What are some good heuristics to use?
My broker doesn't offer them. I am looking for low cost index funds. I booked an appointment at TD through their website to set up for the eseries and the guy at the local branch knew nothing about how to do that.
I think I posted many ages ago about my Canada centric portfolio. My thought at the time was to get to 75% of my salaried income with dividend stocks but have realized the error in my ways since then. As a result have been focusing on US/ex Canada investments. Current portfolio yields $52,000 per year which is around what we live on at the moment. I was/am planning to work another 3-7 years, however work stress has taken a toll lately and am...
My wife needs to decide on a pension option looking for some general comments, I will sign off if she wants.
When we did my pension 11 years ago because of our situation and financial position we choose Option 1.
At that time, male, 55 she gets my full pension if I die, non-integrated.
Fast forward to today vastly improved financial position she's 63 in reasonable health (on HBP and Cholesterol meds)
Just a brief post to share my experience with DRIP.
I couple of years ago I started a DRIP on VBAL in my TFSA.
This TFSA is 100% VBAL. Nothing complicated here.
I started the DRIP as an experiment.
In all my other accounts (as well as my wife's accounts), I do not use DRIP. I go online on the day that the distributions are available and I buy the maximum number of units (mostly VBAL, some VGRO, some XUU, some XIC) that the cash can buy. Two...
I know that some of these charts have been posted on other threads but I cannot find them just now via a local search :roll: . Thus this thread and its title.
Callan Periodic Table of Annual Returns, 1987-2006
Allianz-Pimco Periodic Table of Annual Returns, 1996-2005
Hopefully others will add similar useful charts and tables. I think Fidelity had something like it for Canadian indexes but I cannot locate it just now.
I invested in VBAL and VCIP as a lump sum late 2021 beginning of 2022 before the market downturn. As a new investor, I was surprised by the significant loss incurred in bond ETFs. Nevertheless, I learned a valuable lesson from this experience.
I'm a Canadian currently working as an immigrant in Europe. I'm mid 30s. I have roughly 120K of the XAW ETF sitting in my RRSP (can't contribute anything to it by law, it's technically frozen, since I'm a non-resident).
Now in Europe I have another 150K invested. I have 2 ETF: SXR8 + VWCE (so around 80% in US equities).
Question: considering I plan on coming back to Canada within 5-10 years max, what should I invest in at the...
- Buy US foreign fixed income security and hold them to maturity (long horizon ladder). This protects against interest rate risk but opens me to currency risk
- Buy CAD hedged US fixed income ETF fund and sell a portion off each year (same horizon as above). This protects against currency risk but opens me to interst rate risk
My mother-in-law lives with us , she is 85 years old and her health is failing. She has about 75k+ in her TFSA and my wife is named beneficiary. Due to her failing health we are wondering if we transfer the money into a joint account (wife as a second person in the joint account) to avoid any tax consequences, if any , when she passes away. Is my assumption correct? or are there no consequences .
My mother is 80 years old and she has dementia. Fortunately, she has a family member who lives close to her who is serving as her POA and who can make medical decisions on her behalf. He has a full plate with other things, though, and I'm hoping to make his job a bit easier by helping him decide how to invest the funds she has available both now and after the sale of her house. I'm still adapting to being back in Canada, though, so a fair number...
Have RRSP in mutual fund at BMO investment and after opening BNS iTrade RRSP account, I would like to transfer to i-Trade RRSP account., should I check off “cash” or “ in kind” transfer. BMO investment is taking a MER of 2.5%… and I can’t wait to transfer.
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