As part of my portfolio management software build, I'm collecting CUSIPs/ISINs for a base security list. A bit of an aggravating grind until I discovered that Blackrock and BMO disclose the info in their holdings lists (and one can derive CUSIPs from ISINs and vice versa). Large/mid/small Canadian common shares, Canadian bonds, and US common shares collected already, though not in a form I'm completely happy with for my purposes. Still might be...
Hi all!
I am looking to purchase Canadian (and provincial) real return bonds on the secondary market and for that I would need a CUSIP list with some basic information.
My online broker used to send me a xls containing their inventory with CUSIP, rate, etc... as they are not able to publish it on their website platform.
For no apparent reason they now want me to call them and provide them with a CUSIP, upon which they will tell me if they have...
Has anyone else visited the SEDAR filings website to look at various documents issued by publicly traded companies lately? Maybe it's just me but what use to be a relatively simple process now seems overly complex. You can check it out what is now called SEDAR+ at
does anyone here have experience with real estate equity firms? and how the returns would compare to a single direct real estate investment? what are the pros and cons of investing a private equity firm like performing equity ltd based in Vancouver. I have the opportunity to do this but not sure how the risk compares to investing directly.
After the 2001-2002 debacle demonstrated my incompetence as a stock picker, I have invested in market indexes. At first I invested in QQQ, preferring capital gains to dividends, but I eventually realized the benefits of diversification and I now hold VTI and VTUS. I also have legacy positions in QQQ, SPY, VEA and VWO, which I am reluctant to sell before I have to, because of the capital gains tax hit.
Given the recent market response to utilities, etc.... thought I would post a couple of charts on Emera.
EMA_SP vs Dividend.JPG
EMA_Div Yield vs 10YR GOC.JPG
The last data point is not calender year data, it is June 20, 2013.
I realize that markets are based on expectations and this is a simplistic analysis. However, the current dividend yield is now equal to 2007 when 10 year GOC bond yields averaged 4.28%. Is this a market...
Any thoughs on Telus? Recent dividend increase, PE near 2 year lows, and potentially good prospects for future wireless growth in the Canadian market; some recent share price weakness also.
National Bank has recently advised that they're going to wind down this pref equity fund. No reason was given, but the obvious guess would be that the fund managers and advisors have been failing to satisfy the investors. Of course, this usually is of no consequence, as fees get extracted no matter what the performance, so it's probably more a case of the fund being more of a headache to administer than National cares to endure. The quote below...
There have been a few recent posts in the Clippings 2023 thread about alternative investments but no dedicated thread as far as I know.
Rather than extend the alternative investments discussion in that thread, I've started this one.
From the posts linked above, it seems that what constitutes an alternative investment may differ amongst individuals and markets/countries.
In addition, some recent articles have begun to talk about individual...
Norbert, for the life of me I could not find the old thread where you hoped iShares would launch a cheap balanced index ETF. That was probably 10+ years ago but Vanguard has finally granted your wish . Basically it’s three balanced ETFs with slightly different mixes around the middle; with 0.25% MERs. Also here is Rob Carrick’s piece on this development. Better late than never.
Split from CPPIB Asset Allocation , related but different enough to warrant separate discussion - Administrator
Coyne: Costs skyrocketing at Canada Pension Plan Investment Board To be sure, the fiscal 2007 reference point is well chosen. That was the year the CPPIB shifted decisively into its “active management” investing strategy — that is, one in which managers make bets on individual stocks and other assets in hopes of earning...
A well-known bit of derivatives magic — a great, simple party trick that derivatives structurers can use to impress their friends — is that if you give me $100 today, I can invest $91 of it in two-year Treasury notes paying 4.75% interest, and in two years I will have $100.1 And I can invest the other $9 in two-year at-the-money call options on the S&P 500 stock index, options that gain value if the S&P...
ive been following tourmaline (tou) for some time. does the management company run any other companies that would be low cost?
wondering if it's still a good time to invest in tou or if the boat has already sailed.
is this a good time to justify going into energy at all?
Canadian wealth managers notify clients about data breach linked to ‘GoAnywhere’ hack Several of Canada’s major wealth managers are notifying fund investors that their personal information – including social insurance numbers – has been breached in a data hack.
Mutual fund providers Mackenzie Investments and Franklin Templeton Canada are among the companies that have sent letters to clients this week, revealing that their personal information...
As perpetualpupil pointed out , leveraged ETF's are not intended to be held for periods longer than one day. For example, the description for TQQQ says:
This leveraged ProShares ETF seeks a return that is 3x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are...
I analyzed what happens when stocks that make up a disproportionate percentage of an ETF reduce in value. My model appears to show that “rebalancing”, selling some stocks and buying others to keep the ETF in proportion to an index, is not actually needed. The ETF inherently rebalances itself as the stock prices fluctuate.
So either I am wrong, very possible, or the question arises: why does an ETF ever need to do rebalancing?
I've dug through a number of threads to see if I could find an answer for this relatively simple question, but are TDB8150 shares subject to 30-day early redemption fees? I couldn't locate any information newer than 2005. Not sure if it qualifies under the HISA and money market exemptions.
Are US and Canadian investors treated the same by respective foreign governments for withholding taxes on foreign dividends on investments held TSFA/Roth IRAs?
IE: As many know, Canadians are subject to withholding taxes on dividends earned from shares in US companies held in a TSFA. Is this something that could ever be removed if CRA and IRS / or governments made a tax treaty? Would they ever want to make this change?
Just finished reading the financials. I mostly understand. However, what is not so clear is how TransAlta's 70% stake might influence the management of RNW going forward. I see, for instance, that TransAlta is involved with financing RNW's debt. I think I would feel somewhat comfortable with RNW if I could know that it really is a separate company from TA.
A somewhat technical question, at least from my pov. I’ve done an exhaustive collection of data on ETF’s in Canada and the US. What stands out is the performance of those that are FAANG stock heavy. Maybe we should add an “N” for Nvidia.
For example, as of Q1 2023, the best performing ETF over the previous 5 years was TECL at 27.13% per year. But recently their top 3 holdings were Microsoft @ 23.84%, Apple @ 22.82%, Nvidia @ 4.86%.
I've made a series of threads over the last few weeks, but to give a quick recap on my situation:
I have 130k to invest. Going to put 110k into VGRO (tax-sheltering as much as possible in my TFSA and FHSA) and open a non-registered account where I'll invest the remaining 20k in Horizon's High-Interest Savings ETF (this will be my emergency fund).
28 years old. New to investing.
20+ year time horizon. I'll purchase my initial...
Does someone understand why TRI (TSE and NYSE) and TRIN (NASDAQ) trade at different valuations although it is one company? Laura Wallace said on BNN that TRIN is trading at 12-13% discount (theoretically, 6 TRI = 1 TRIN?).
I am selling some legacy Canadian stocks and going to purchase US Equity fund. Reason being is if the US market suffers, I could sell that fund for something else and tax loss harvest. I already own a hedged and unhedged etf that tracks the S&P and that has sizable gains of course. Mawer used to be the best but at 1.14% MER, yikes....
I have some shares in royal dutch shell (RD) , I understand that royal dutch and shell transport are restructuring, now it looks like I have to tender my shares and these will be exchanged for Class A shares . 1. should I care? 2. how do I tender these shares?. Thank you in advance for your help.
I hold both BN and BAM shares in my USD taxable account. My understanding is that I should be receiving the USD dividend that Brookfield declares without any currency conversion. What appears to be happening, however, is that I'm receiving the CAD equivalent that Brookfield declares and my brokerage then converts those back to USD at whatever their rate is on the date the dividends are received.
Has anyone here ever bought a put option on a NASDAQ stock and then subsequently the stock stops trading and gets delisted?
What happened to your put option? Any issues cashing out? Looking for real-life experiences. :)
When time allowed over the last few months, I've been fiddling with a replacement for the truly ancient portfolio management software that I bought long ago and still use. It's vintage late '90s and I run it on a very unstable WinXP virtual machine. It will go bang in 2025 because that's a hard coded date.
My goals for the replacement are:
my data is my data and resides on my own computer
no ongoing license/renewal fee just to keep the...
The CBOE Volatility Index has risen sharply from 10.90 over the last 2 months to 17.74 as of market close today.
Sharp upward spikes in this index typically indicate investor nervousness and are coupled with sharp drops in the equity markets. An inverse relationship, if you will.
Despite this seemingly large upward move, the index still sits well below the 40.00+ levels we saw in 2001 and 2002. This could be a signal to a significant leg down...
Hi everyone, I am a Canadian living and working in Asia. I have a sizable sum of Canadian dollars in time deposit at my bank here earning meager interest. How can I invest it without running any risk of making myself tax-liable as a non-resident?
I am thinking of transferring the amount to an Interactive Brokers account to invest in Canadian ETFs or other instruments...just not sure about tax implications.
I'm interested in how various brokers report the details of transactions in an account. My own recent experience is limited to BMOIL in Canada and TD Ameritrade in the US (where I have an IRA), which report as follows:
BMOIL:
Trades:
- on statements: settlement date, # of shares, price, commission, net dollar amount
- via Excel/CSV download: transaction date, settlement date, # of shares, price, net dollar amount
Dividends:
- on...
I bought a couple of IYW shares back in March. I was looking for a low price etf that invested in tech which is why I went with that option. So far it's been going up and I'm quite happy. But I thought I'd get some other opinions from this forum as to their thoughts on this etf. Thanks a lot for your input :)
I tried to find an answer here and with google before posting but nothing, so...
I'm new to investing and, to be honest, I juste want to keep it reeeeeally simple so I thought about DCA with an ETF MSCI World.
I registered a TFSA on Wealthsimple and look for it :
XWD => MER : 0,47 %
ZGQ => MER : 0,5 %
I heard that you could find some MSCI World ETF for half of that fees but I don't know if it's available in Canada.
I have a question that is perhaps naïve. I have always considered the yield to maturity to be far more important than distribution yield when choosing an ETF, but I wonder how reliable the figures are in the websites of the leading providers. I hold bond ETFs from BlackRock, Vanguard and BMO. Just for my own amusement, I decided to compare the stated distribution yield with that projected by my TD brokerage account. Most of the BMO ETFs seemed...
Working with a new advisor who among other things is supposed to be recommending some bonds for the fixed income portion of my portfolio and he recently proposed a 7 Yr bond @ 5.5% for this company. Their businesses were too niche oriented for me to investing in them for 7 yrs (I am looking to own bonds in my RRSP till maturity) and the dividend payout ratio on their stock was 140%. This also scared me off. So a couple quesitons:
Bonds should have a similar duration (at most) to our life expectancy as we age. But bond ETFs have a roughly constant duration whereas we do not.
This means that long-duration bond ETFs are inappropriate as we approach our own best before date. Hence we should use short-duration ETFs and cash or a bond ladder of fixed duration.
To stay within the CDIC limit , am I correct to assume
If I have 100k in F seried DNY6004(CDN) and another 20K in F series DNY6005 (US$). Then if the bank go under ( I know not going to happen to the big 5!) , only 100k is covered from the total 120k (DYN6004+DNY6005)
Also Today I tried to purchase DYN5004 ( Bank of Novia Scotia thrust F series) and was not able to purchase due a message that said close to new purchases . So I went ahead and...
I am looking at a 74 day Government of Canada bond matures August 1st priced at 99.360. I guess this is .644% over the 74 days so effectively 3.17%. The price sheet on BMO Investorline shows it at 3.402 semi-annual yield and 3.431 annual yield, what are these?
Why would anyone buy such a bond when banks HISA are paying about 4.35%?
Further to my confusion, I also see a 14 day Ontario bond priced at 100.008, why would anyone buy those and...
I just noticed that Vanguard says you can’t redeem your shares, you can only trade them, unless you’re dealing with millions of dollars. As a result, the price one pays could be more than the underlying value, and the price one sells could be less than the underlying value.
So, who’s issuing more units if the etf value creeps above the underlying value? Vanguard? Is someone (vanguard?) also watching for a buying opportunity and sweeping up...
Ok, so a buddy and I have some shares of IAMGold, not a big deal $ wise.
We were wondering what to do with it. Hold or Sell. We've researched it and couldn't reach a firm conclusion.
We figured we could crowdsource the decision to the collective wisdom of the Forum.
We'll tally up the votes by the end of the day Monday, and whichever side has the most, wins.
Then a year from now, we'll do a post-mortem and see how the collective wisdom fares....
I own REIT ETFs. It seems to me that retail leases and office leases are going to suffer now and long term due to the move away from public gathering and toward working at home and shopping from home. My instinct is to sell the ETFs and buy residential REITs. Any thoughts on this idea? Any recommendations of REITs that will prosper through the sea change we are going through? Thanks for your help! :D
Well, I saw all the halts go on at 3:55pm today, so . . . grabbed a coffee, sat back, and eagerly awaited the 4:10 show. It was amazing . . . the halts were on issues that were either red, or unchanged on the day. Then at 4:10, all the halts came off and every one of these (about 15 in the particular pane I was steaming live) turned to green! Gotta love the institutional manipulation that has now become almost routine! I've heard there are rules...
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