Tip of the hat to Rob Carrick's article Rob Carrick: A peek into the trading habits of your fellow DIY investors - The Globe and Mail . This is what a typical DIY investor looks like:
Logs into his or her account often - daily or weekly.
Trades infrequently - usually 10 times or less per year.
Too often overlooks exchange-traded funds - mutual funds are a more common holding
Anyone surprised? I'm not on the first two points, but a bit...
How is Canada going to pay for all of this stimulus? I've heard everything from higher taxes on the rich, an increase in the GST, capital gains tax on primary residence, elimination of the TFSA, and cuts to public services. What do you think?
After a two-year hiatus from Bay Street, former Vanguard Canada chief executive Atul Tiwari is raising a glass to a new joint venture with British-based Cult Wine Ltd. that will allow retail investors to access fine-wine investing. Mr. Tiwari, along with former Vanguard executive Carrie Tuck, will announce on Tuesday the launch of Cult Wines Canada, a joint venture that will offer retail investors direct access to an alternative investment class...
The wiki editors are attempting to create a series of outline articles. From a wiki perspective, outline articles are stand-alone lists designed to help a reader learn about a subject quickly, by showing what topics it includes, and how those topics are related to each other.
The first article is available Outline for young investors is now on the wiki. The challenge is how to name this series and quantify who it might apply to. Conceptually...
One of the reasons some managers don't like work from home is lack of oversight. How do they know you're working when you should be working? Well, when you're interacting digitally with coworkers, they have a lot of oversight. Much more than a meeting at the office or a few people meeting in the hallway.
I looked at all the ways Microsoft Teams tracks users and my head is spinning
Since moving to full-time remote working, I can't shake...
The John C. Bogle Center for Financial Literacy is sponsoring a series of video interviews (the Board of Directors intend the Center to sponsor 4 to 6 videos per year at least as long as the covid pandemic forestalls a physical Bogleheads conference). The Center has posted the following announcement:
For our second video event, we’re thrilled to present a conversation with Dan Ariely. Dan is renowned for his research in behavioral economics...
But interest in gold is still concentrated in Asia. In the United States, the demand for jewelry, measured in ounces bought, fell 0.7 percent last year, according to the World Gold Council. It dropped 5.7 percent in Italy and 3.9 percent in Britain. In contrast, jewelry demand rose by 17.6 percent in India, 11.5 percent in China, 15.2 percent in Hong Kong and 15 percent in Taiwan.
Maybe the demand for gold is more cultural than economic????...
I took a book out of the library on the GD in the summer but it never discussed the kinds of companies that made up the index at that time. It didn't talk about earnings and the quality of them or if they were good companies. Were they trading at high p/b's? How about debt/equity ratios? Was 1929 a lot different than 2008?
Everytime I see articles about Open Banking I end up scratching my head and saying What is it?
So I found this in Investopedia. Open Banking
No wonder all these opinion pieces are written by 3rd party types like Fintech startups etc.
Open banking is the system of allowing access and control of consumer banking and financial accounts through third-party applications....
It seems that a lot of people are getting free money as a result of COVID.
Is someone in their 30s who is working full-time eligible for any free money? I don't need it but would gladly put my hand out if the offer is there. Everyone else is getting some so why shouldn't I?
Wondering if anyone has a great book recommendation in the area of ETFs, long term investment etc. I have read a lot of Jack Bogle and looking to expand some of my reading/audiobook options.
Common themes on FWF, and the finiki, are investment discipline, staying the course, having a plan (IPS), asset allocation, global diversification, keeping fees low, etc. These are all fantastic, and I appreciate the insight I receive (so much so I sent a small donation earlier this year).
I’ve come to really appreciate the work, and thoughtfulness, longinvest has put into his spreadsheets and writings. The Mathematics of Retirement Investing...
I was surprised that the 2021 year's maximum pensionable earnings (YMPE) of the Canadian Pension Plan (CPP) was up 4.9% from $58,700 in 2020 to $61,600 in 2021. To understand the cause for such high increase, I searched the web and found the following comment. Note that the YMPE increases with wage inflation.
YMPE and tax limits jump by nearly five per cent for 2021 -- Morneau Shepell
The updated figures released by the CRA reflect the fact...
My first venture into this section of FWF! Canada's energy policy is a core issue to any Canadian regardless of where you are on the political spectrum and even to people who don't know that it is a core issue. Yet it seems unlikely that we will get anything new or more meaningful from a minority government even though it was debated during the election campaign. For example, it seemed to be the key (only?) issue of the Green Party as well...
> “If push comes to shove in a minority government, where there is quid pro quo, where the NDP are prepared to support a high-tax, high-spend budget, the Liberals may be willing to sacrifice on capital gains .”
How Canadians are gonna be taxed to death once Covid-19 is over (assuming it ever ends). Get ready for it
Canadians will pay the bill for COVID-19 in higher taxes
Canadians will pay the bill for COVID-19 in higher taxes — here’s how it will likely happen
Nobody is talking about raising taxes these days. Not with the country in the midst of a pandemic-induced recession that risks getting worse if the rising infection rate forces new...
What is everyone's thoughts on TSX impact on a Biden win? Keystone gets shut down on Day 1 but he also stated he would end the shale industry. Would that not be bullish overall for Canadian oil?
There has been considerable discussion regarding inflation prospects going forward in the original Inflation thread . The first post in that series was made February 19, 2016. At that time the poll showed a majority of ~2/3 believed that low inflation (1% - 3%) was ahead. I suspect that it's time to revisit the poll and see how our feelings on the subject are in 2020.
Canada’s wealthiest families hold 25.6 per cent of riches, new PBO report says
The Office of the Parliamentary Budget Officer says the top one per cent of Canada’s families hold about 25.6 per cent of the wealth, up from the 13.7 per cent estimate under previous methodology....
The report finds that the top 0.5 per cent of Canadian families hold 20.5 per cent or $2.4 trillion of the wealth, up...
We're going to end up with negative real yields. The value of any savings will decrease over time, in real terms. The flip side is that the value of one's debts will also decrease over time, in real terms.
Low end of the income and wealth scale tend to borrow and have debts. Those debts will shrink over time. Very high end of the income and wealth scale can afford financial maneuvers that will protect them against inflation. The ones in the...
I guess the logic here is if my taxes will go up in the future because of all this emergency free money, and I qualify, should I take it too? I don't need the money but the taxes will go up no matter I need it or not anyway. So is it morally correct to just take it since everyone else has already raised your taxes anyway?
I don’t think this applies to seniors on FWF. They don’t need it 😎
Ottawa promises extra $500 for seniors
Seniors who now receive the Old Age Security pension will get a one-time payment of $300 and those getting the Guaranteed Income Supplement will get an extra $200. The cost of the two measures, which could help more than six million seniors, will total $2.5 billion.
Just wonder what is your opinion on the Canadian economy particularly relative to the US economy. I'm starting to see what I consider some fairly negative signs. Just to name a few:
- Our lack of ability to get major pipelines built.
- Recent 2500 job losses at GM. Is this a one-off or the start of more manufacturing losses to come?
- Lack of any inspiring or truly business friendly leadership on the federal stage. (This one is just my...
Beginning on September 5, 2017, the settlement cycle for equities, corporate and long-term government bonds, mutual funds and ETFs will be shortened from the date of trade execution (T) plus three business days (T+3) to T plus two business days (T+2). Canadian investors will benefit from greater harmonization of global markets and more efficient trading processes, including quicker access to trade proceeds. Due to the...
I have a hard time keeping up with the massive amounts of money that has been injected into the economy by the BOC and the provincial and federal governments. They are a product of QE and deficit spending. Another aspect is the suspension of budgets and the evaporation of government revenues. I have to think that both have reached the ceiling and there is little capacity for more deficit spending and money printing. I am far from being an...
Anyone here worried about all of the money being printed ? I'm not sure what the outcome may be but besides buying RRB's, XRB and some
gold I'm not sure what else to do.
I have many high spread fixed resets but I imagine they would just be called while perpetuals probably would be hit.
I don't think that a five year GIC would be a very good place to be right now, would it ?
I've been buying more BAM.A and VBAL thinking that they should be...
I searched because I would have thought we had a topic to discuss this role. Came up empty handed.
The new Governor of the Bank of Canada has been announced, Tiff Macklem Appointed Governor of the Bank of Canada - Bank of Canada The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June...
On April 9th, my bank account was credited by EFT CREDIT CANADA for $177.05. I did not apply for a credit and nor would I be eligible for one; I am still working full-time thankfully.
Was this a stimulus payment? Did anyone else receive one?
Hi all,
Just curious as I'm younger and new to this. Stimulus packages are being introduced. To the people that were around... what happened with the markets as a result of stimulus packages being introduced in 2008/2009?
Just curious at this point, seems like a terrible thing that's happening, but on the market side very interesting.
Spotted in my Feedly feeds was an article by Alexandra Macqueen that might be helpful to some here, How are my investments protected? | MoneySense Canada’s financial system is known around the world for its stability, but it isn’t immune to the pressures that face global banking. Economic uncertainty, changing regulations and shifting investment markets can all lead to a lack of trust in financial institutions.
So it is quite obvious to me that what we need to do, to fight this scum sucking virus, is to get as many people as humanly possible inside their homes, for an extended period of time (4 weeks minimum), so they can stop spreading this thing which just gives it more life, energy, and power.
Economically though, these people work in businesses, buy goods and services, and make payments on debts, that are due each month. Looking at the debts, one...
With apologies to Yogi Berra, I cannot help but feel that as an investor I've been already been through similar although not identical market and world events.
Thankfully due to the board's topic bookmark feature over the years I've bookmarked a number of topics that captured the discussion de jour while some of these events were happening, with the view that reading them back later might provide education and insight, and maybe some cringes...
I'm seeing a lot of inflation is coming in the US media recently. Are they wrong? Just wondering what people think and how this may affect inflation in Canada.
Bond-Market Inflation Outlook Picks Up After Trump Victory
First-of-its-kind mutual fund in Canada - promoting the advancement of women globally
GWEF is categorized as a Gender Lens investment fund. It will appeal to socially responsible investors, mainly women, who are looking to promote concepts and ideals that they feel strongly about. GWEF will invest globally in publicly traded companies that have demonstrated their support for women's causes and are leaders in promoting gender equality in the...
Was reading the other day an article about TFSA - didn't remember the source and can't find the article now - saying that although was meant for the middle class there is a small % of individuals maxing up the room (from 2009 to present), where the rich people are taking advantage of TFSA. The author of the article mentioned as well that there should be a cap ($300/$400k) and once that cap is reached everything above should be taxable.
What do...
CRA says that Individuals who have not filed returns for prior years (because, for example, there was no tax payable) would be permitted to establish their entitlement to contribution room by filing a return for those years or by other means acceptable to the CRA.
Really?-no tax payable-no need for tax return=no contributions room, and forbidden by CRA to contribute!
hard to believed?
Liberal budget could focus more on personal happiness, less on country's financial condition
OTTAWA – The Liberals are looking to New Zealand and Scotland to learn how future budgets could be focused less on national wealth and more on personal happiness.
While traditionally budgets have focused on broad economic figures, like unemployment and gross domestic product, the Liberal could soon spend more time on questions like how much time...
OK. So we all heard that China and the US signed a phase 1 of their trade deal and phase 2 is still to be negotiated. Great.
My question is, does anyone know what was actually in the phase 1 trade deal. It sounds like anything that they did not agree on and I imagine that was an extensive list, was pushed into phase 2. So other then agreeing that they would actually like to trade with each other, what exactly is in it.
What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing
Nevada goes passive to beat peers; BLT or tuna
Steve Edmundson has no co-workers, rarely takes meetings and often eats leftovers at his desk. With that dynamic workday, the investment chief for the Nevada Public Employees’ Retirement System is out-earning pension funds that have hundreds on staff.
His daily trading strategy: Do as little as possible, usually nothing.
Pilot shortage can’t be addressed by existing programs, documents suggest
This item caught my eye.
My daughter is an airline pilot and I can attest that her flying training cost a great deal (much more than the cost of a university education). After qualification she worked as as a flying instructor (earning not a lot more than minimum wage) progressing to be a top grade instructor. In her late 20s she was hired to fly passenger turboprops and...
'in his book “Investment Policy,” Charles Ellis discussed a study on the performance of 100 pension plans that engaged in tactical asset allocation (a fancy term for market timing...). It found that not a single plan benefited from the effort.
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