The markets (DOW) have been reaching all time highs in the last week. As a long term investor who holds primarily ETF's (VTI, VWO, VGK, VPL, VBK, VB, IFN), should I take some profit at this time or should I just let them go however high they can. Ofcourse, the market will not go high forever and the investors will take profits leading to a crash. What is the best thing to do in times like these.
Part of my portfolio is made up of international E.T.F.'s excluding North America, but in U.S.$.
My strategy is based on the expectation that depreciation of the U.S. $
(appeciation of Can$) will be offset by appreciation of other world currencies against the U.S.
Over the last year these E.T.F.'S have performed quite well and still are in U.S. funds, but converted to Can$ they have slowed down lately.
Should I be concerned?
The latest survey on hedge fund salaries shows that, for the first time, founding executives at three major hedge funds took home well over $1 billion last year. And the average pay for the top 25 hedge fund managers rose a staggering 57 percent to $570 million in 2006 from 2005, according to industry publication Alpha Magazine.
It would seem that former frozen treats company Coolbrands (COB.A) is now completely out of the ice-cream business. Coolbrands is sitting on about $60 milloin in cash has a market cap of just over $51 million. I also see that Seymour Schulich who is father-in-law to one of the Serruya brothers owns 6 million (almost 12%) of shares outstanding.
The incredible shrinking ice cream company
How did the Serruya brothers and their team wreck...
I would like to buy some low MER dividend funds. And have the distributions paid out instead of re-invested. This is because (1) the underlying stocks may drop and (2) taxes lower than GICS. So I have 3 questions please:
1. is there a way to calculate a breakeven (sorry but I don't know the right terminology) for the fund? That is, even if the fund loses value, that with enough dividend payments, I would have benefitted enough to sell the fund?...
I would appreciate you opinion about a relatively new class
Global Income/Dividend funds where both income( distribution) and global exposure are required (I would not consider CIBC Cundill/Bushell offering as a true example).
Clarington Global Dividend seems to fit the bill with current indicative yield of 5.84%. It is modelled on the 1.4-billion-euro ABN AMRO High Income Equity, which was launched in the Netherlands in September 2003, the...
S&P set to launch new index for Canadian preferred shares Standard & Poor's Corp. plans to start a new Canadian preferred share index comprised of 52 different issues with a total market capitalization of $14.1-billion.
....
It is expected that an exchange-traded fund will be created to allow yield-oriented investors to trade or invest in the index, Mr. North said.
I’m thinking of “switching” to paperless delivery of WebBrokers trade confirmation, tax info, monthly statements etc and am considering what I’d be giving up. Have you made the leap yet – is it working for you? I’ve just “switched” to get online access to a missing T3 and may give it a try for a while. Here are my thoughts on Pros / Cons.
Advantage of Paper: It’s in my face. I currently let snail mailed statements pile up in the in-tray and...
I am currently looking to reallocate some of my RRSP portfolio. I would like to get into PH&N funds as I've heard many good things about them. The problem is that you need a minimum of 25K to start with them. This is not a problem, but I would not want to invest this in just one of their funds...I'd like to get exposure to 2 or 3. Unfortunately I'm going through my discount brokerage account so I'm not sure how I would get around this problem. I...
There are some interesting discussions on bonds on the Bogleheads forum - for example, this thread . In a Canadian context, this means that if safety is the primary consideration of the bond allocation, the appropriate ETF may be XGB, government bonds, to eliminate all corporate risk. From iShares Canada:
XGB:
Fundamentals as of March 30, 2007
Number of Holdings 33
Weighted Average Term (yrs) 10.45
Weighted Average Coupon (%) 5.13%
Weighted...
I had an earlier post about wanting to get rid of some $ that is in a high MER Scotia Index fund (tracks TSX) to XIU which does the same thing much more cheaply. After a bit of contemplation and researching on Globefund, I decided to instead put about 1/3 each into Sprott CDN equity, Saxon Small Cap and the BMO Dividend Fund since they have given some nice returns over the past 10 years.
Today I'm second guessing myself, because even though...
Sorry, I tried asking this a while ago, but I screwed up in my questioning. I will try to clear it up with this case study.
Scenario:
Bob wants to get US$100k out of his RSP without incurring forex charges.
Facts:
1/ Bob's TD Waterhouse SDRSP has only 1 holding: US$100k in a $US Money Market Fund
2/ Bob's $Cdn savings account has Cdn$120k in cash
3/ Bob's $US savings account has US$1k in cash
Bob would prefer holding the $US outside his RSP....
If we have Can Index, and if BCE is sold and privatized, then the index no longer has BCE stock.. Does the value of the index go down by the % of BCE it holds?? As individual investor, do you get any money from the sale if you have an index?? Would not some really loose his money if BCE is sold, as index no longer carries it??Then it begs a question, does one sell the index and make the money while one can?? confused!
Is it typical for a country to have so many of its key industries and resources bought out by foreign companies? It seems as though the list is never-ending. I don't really know much about big business but I can't help but wonder if this isn't a bad thing for Canada and our future?!
Ok, I need opinions from you oil guys. I came across North Peace Energy NPE-v and what caught my eye was the people behind it.
Directors are :
Don A. Garner, Director, President & CEO PrimeWest Energy Trust
Jacob Roorda, Director, VP Corporate Harvest Energy Trust
Ian Robertson, Senior Manager, Algonquin Power Corp
Bud Sheppard, Petroleum Consultant (wasn't this guy from Viking?)
Strikes me like considering the jockey as well as the horse.
Jihimas, your website briefly mentioned Life and Banc Split Corp preferreds a while back. I was only able to purchase half of what I'd asked for. Have you seen or heard anything on these since your post? Again, they must have been well received in the marketplace but I'm a little at a loss as to how they can pay 5.25% interest on a group of shares none of which pay that much. Are they expecting huge capital gains on these shares? The capital...
This 3/4 gas and 1/4 oil trust recently cut distribution and is reintergrating with a Fairquest energy which is a company they spun off. Fairbourne is at a yearly low. There is not a lot of information about this company on the web nor can you get much beyond the basic facts on this reintegration on the web. Does anyone know more, is this a decent trust for the value investor?
I found this one in Investor's Digest and it piqued my interest:
9 mos. rev growth of 90.1%
3 mos. eps growth of 400% (9mo eps growth was 10,287%)
Trading at 31 times 2007 earnings and 21 times 2008 earnings.
No debt and $4.00/share in cash.
Market cap is only $673 million. Move over AAPL. Whereas Apple licenses their Quicktime video capability, DIVX offers their product to the entire world for free. Technophiles like DIVX.
Now that Morningstar has agreed to rejoin, the Canadian Investment Funds Standards Committee has released its new fund category classifications for comment. Details here
Quite often in my reading recently I have come across references to relative strength of industries and their sectors. So far I have not found a place to find these data for free. Are there any?
I got my first dividend from Inco this week. Initially I couldn't reconcile the dividend amount I received with the amount per share I knew I was to get. Eventually I figured out the dividend amount per share was stated in $US and what I received was this amount converted to $CDN.
Is this a common practice amoung CDN companies? Is it done as a way to look less like a company from small time Canada?
Nothing beats a bridge, toll highway or tunnel as a stable, long-term investment, but just try buying one for your registered retirement savings plan.
Infrastructure investing has caught on in a big way with multibillion-dollar pension funds because it offers a reliable way to help generate the returns needed to pay retirees their benefits. What works for pension funds will work for individual investors, but with one major difference.
Has anyone heard of these people or does anyone know someone who has invested with these people? It's offshore apparently and is supposed to return up to 3% per month in some instances. I have a friend who has a few thousand invested with them, received his first statement indicating he'd made 3% last month and is thinking of increasing his exposure significantly to what I would consider a dangerous level.
I've tried to tell him, if it sounds...
I just did an analysis on Systems Xcellence (SXC TSX, SXCI Nasdaq) on my blog .
I came to the conlusion that SXC is fairly valued at this point, but has some good growth potential going forward and would be a good buy at lower prices. Anyone else follow this company or have an opinion?
Could someone tell me what the advantages are between ishares and other ETFs? Why do Barclays ishares have higher mers than other ETFs? Do ETFs other than Barclays ishares need to be paid for in US dollars? All replies appreciated.
I am thinking of selling CAMECO (small gain) because of the long wait in producing at Cigar lake.I am considering buying Arc Energy trust with it's great yield or calm down in buy Encana.
Would you feel the two are similar in risk.
Your oppinion would be greatly appreciated
I have been a holder of this small cap software company for over a year now. It has a lot of attributes usually only found in more mature companies (consistent sales and eps growth, clean B/S). Moreover, it is the market leader in a nice space (mining). It is just starting to come on to analysts radar, and I think it still has a long way to run (although it will happen over 3-5 years). Just curious if anyone else follows it.
I am a daily reader (but infrequent contributor) here at FWF. I haven't seen this info posted here yet and I thought it may be interesting to some.
If you bank with PC Financial, you are eligible for a 0.1% rebate on the MER of CIBC index funds.
This can make their MER on the emerging markets and global bond indexes a little easier to swallow (if you don't qualify for their more significant MER rebate). Besides those two funds, I still...
Could some of our Cnd. banks take a hit on what's happening in the housing market in the U.S?
If your up 12% would it be smart to sell the group and wait for a downside correction.
Regards,
Being a mutual fund advisor who direct sells in house funds to retail clients, I have the luxury to review thousands (Yes, I mean thousands) of accounts! What is the first thing I pay attention to? That's right-- Long term performance!! On my spare time I made a list of clients who make remarkable long term returns (10%+ over 15 years), there is only a handful of them.
You and I know that the main goal of a long term retirement portfolio is to...
Gents,
Would someone have an oppinion on the following income producing units.
BEP-N S&P 500 Covered call fund Inc. presently offered at a premium to NAV.It seems that this fund has weathered the gyrations of the current markets.I would wait for a dip to buy this.
Regards,
Believing in the Fama/French Three-Factor Model, I started looking at US ETFs that could provide me with small-cap & value tilts.
This is when the Vanguard/iShares fight began.
Aside from very close performances, I believe it is interesting to compare based on turnover and expense ratio. Here are the facts (sorry in advance for the artwork, couldn't find a better way to present the data):
The topic of tax-efficiency of ETFs in RRSP was discussed many times over, and after reading threads after threads my head hurts. It seems that the general consensus is that bonds and high-non-Canadian-dividend securities should be inside RRSP while Canadian equity should be kept outside. The conclusion about US-domiciled ETFs that invest in US and international markets (without explicit dividend tilt) is not so clear to me. Do we have a simple...
Hello,
Ive been thinking, McKenzie, Templeton etc have created a family of corporate class mutual funds where one can switch between funds and not incur capital gains liabilities, why cannot a DIY investor form a investco, have different class of shares eg US equities, Canadian equities, fixed income etc, populate each class with appropriate holdings-eg funds/ETFs/stocks and do the same thing???
I am not sure if it is a regulatory issue or cost...
Does anyone here know how much of CDZ's distrubution is considered eligible for the enhanced dividend tax credit? I notice that iShares lists their ETFs out, with respect to their tax treatment. According to the list, all of XDV's dividend is considered an eligible dividend .
I am looking at purchasing one or the other for my non-registered account.
I have been doing some research on this subject, they are much like income trusts and have been around the u.s. for some years.
I wanted to get some input from any of you out there who might own these and have any opinions pro and con as to whether these would be a good thing to invest a small amount of money into, they are returning 6-7% and the ones I have been looking at are pipelines and resource type entities. Is it worth it...
What would be you're thoughts on a Actively Managed Passive Portfolio of ETFs...it would be a large six figure portfolio.The yearly MER to manage would be .35% plus a yearly $750 Managers Fee.
Does this fee seem reasonable given the size of the portfolio!
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum