What did you Buy? What might you buy? (2018)
Re: What did you Buy? What might you buy? (2018)
Added to my MAW104 holding in my TFSA early this week. Concept is to leave this alone until I push daisies.... Mawer imploding notwithstanding.
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Re: What did you Buy? What might you buy? (2018)
It was an exciting day in the Koogie household as I put in 6 orders !! Four to use up the TFSA contributions by adding to existing and two in DW RRSP to use up a little money we had put there after Christmas (also to existing positions). Of course, only 2 of those orders filled ( ) but I'll adjust the rest on Monday to fill them. Not vast sums of money but that will probably be about 50% or more of the trades we make this year.
TFSAs - SRU.UN / T / PWF / ZUT
RRSP - NWC / ENB
TFSAs - SRU.UN / T / PWF / ZUT
RRSP - NWC / ENB
Re: What did you Buy? What might you buy? (2018)
Altagas Receipts @ 28.51 with new TFSA contributions. They're trading at a slight discount to the common shares. If the WHG Holdings deal goes through in the US then they'll trade the receipts for the common. If not I'll get the issue price of $31 back. In the meantime - 7.5% yield.
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Re: What did you Buy? What might you buy? (2018)
Earlier today did my annual TFSA purchase -- added to existing position in VXC. VXC is a near to ideal product for those who value frugality, simplicity, diversity, and passivity. I say "near to ideal" and not "ideal" because I continue to wait for Vanguard to shave a few bps off its .27 mer.
Re: What did you Buy? What might you buy? (2018)
Be happy....though your competing alternative is XAW with an MER of 22bp. Those of us stuck with legacy XWD in a non-reg account are paying 47bp.ockham wrote: ↑08 Jan 2018 13:04 Earlier today did my annual TFSA purchase -- added to existing position in VXC. VXC is a near to ideal product for those who value frugality, simplicity, diversity, and passivity. I say "near to ideal" and not "ideal" because I continue to wait for Vanguard to shave a few bps off its .27 mer.
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Re: What did you Buy? What might you buy? (2018)
Isn't it still also just a wrap of US Vanguard funds ?ockham wrote: ↑08 Jan 2018 13:04 Earlier today did my annual TFSA purchase -- added to existing position in VXC. VXC is a near to ideal product for those who value frugality, simplicity, diversity, and passivity. I say "near to ideal" and not "ideal" because I continue to wait for Vanguard to shave a few bps off its .27 mer.
Re: What did you Buy? What might you buy? (2018)
Most likely but why does that matter?
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Re: What did you Buy? What might you buy? (2018)
In the USD side of a couple of accounts, added to existing holdings of Vanguard FTSE Developed Markets ETF (VEA), paid $46.11. Due to USD dividends received, there was finally enough USD cash to purchase VEA in board lots (100 shares) to almost deplete the USD cash in these accounts.
Asset allocation to International equity was further from target than US equity, so this takes a step towards rebalancing.
Asset allocation to International equity was further from target than US equity, so this takes a step towards rebalancing.
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Re: What did you Buy? What might you buy? (2018)
Just remembering a post by Bortolotti a couple of years ago that said that introduces a higher MER via tax bleed. Don't know if that still holds true.
""In a recent blog post, Justin Bender estimated the impact of foreign withholding taxes on RRSP investors who hold VXC. He then considered how investors might reduce those taxes by instead holding its four underlying US-listed ETFs. The results were pretty dramatic: if you also factor in the management expense ratios, the total cost of VXC in a retirement account is 0.71%, compared with just 0.19% for the US-listed ETFs.""
*also, it has always pissed me off that Vanguard Canada hides that information on their website.
Re: What did you Buy? What might you buy? (2018)
But that is irrelevant for a decision of holding an ETF or ETFs, or whether VXC held the securities directly. There still would be a withholding tax loss if VXC is held in a RRSP or TFSA because the ETF itself is Cdn domiciled.
Holding a US domiciled ETF itself is an entirely different issue.
Holding a US domiciled ETF itself is an entirely different issue.
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Re: What did you Buy? What might you buy? (2018)
Just sold it for a nice short term gain . Used the proceeds to buy WIR.U which is a similar REIT. The rise of e-commerce makes this type of REIT attractive. Outfits like Amazon need warehouse space and distribution centres. This REIT is very well positioned in the USA.Thegipper wrote: ↑02 Jan 2018 18:44 Bought 900 shares in AAR.UN. I like the 6 PE and a 4.8 yield. I like the narrative. In the age of Amazon and e-commerce the demand for warehouse space is very strong. They have a solid footprint in both Canada and the USA. It also fits in with my strategy for our TFSAs.
Re: What did you Buy? What might you buy? (2018)
Completely missed Laurentian Bank's Bought Deal offer. I put in a stink bid, but it looks like whomever got into the bought deal will have an instant return of a few percent.
Re: What did you Buy? What might you buy? (2018)
Hammerer:
Any particular reason why Laurentian is so cheap? Are they overexposed to the housing market or something?
Any particular reason why Laurentian is so cheap? Are they overexposed to the housing market or something?
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Re: What did you Buy? What might you buy? (2018)
Picked up another 500 FTS on another low ball bid this morning. I seem to recall Buffet recently having good words to say about buying utilities - but can't remember what he said
Re: What did you Buy? What might you buy? (2018)
He said something along the lines:beachcomber wrote: ↑10 Jan 2018 19:38 Picked up another 500 FTS on another low ball bid this morning. I seem to recall Buffet recently having good words to say about buying utilities - but can't remember what he said
"we buy utilities to stay rich, not to get rich"
Are you trying to get rich or stay rich?
Re: What did you Buy? What might you buy? (2018)
It matters WRT to the EAFE holdings. Directly held EAFE equities would only lose 1 level of FWT whereas VXC’s wrap structure leads to 2 levels of lost FWT(EAFE and US).AltaRed wrote: ↑08 Jan 2018 15:15 But that is irrelevant for a decision of holding an ETF or ETFs, or whether VXC held the securities directly. There still would be a withholding tax loss if VXC is held in a RRSP or TFSA because the ETF itself is Cdn domiciled.
Holding a US domiciled ETF itself is an entirely different issue.
Hard to make a case for buying VXC these days considering XAW is both cheaper and more tax efficient.
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Re: What did you Buy? What might you buy? (2018)
the latterig17 wrote: ↑10 Jan 2018 19:55beachcomber wrote: ↑10 Jan 2018 19:38 Picked up another 500 FTS on another low ball bid this morning. I seem to recall Buffet recently having good words to say about buying utilities - but can't remember what he saidHe said something along the lines:
"we buy utilities to stay rich, not to get rich"
Are you trying to get rich or stay rich?
Re: What did you Buy? What might you buy? (2018)
Thank you for pointing out that omission. I forgot about that second level of withholding tax. I actually prefer direct holdings rather than wraps but for the most part, wraps are efficient and the providers don't double dip on 'fees'.
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Re: What did you Buy? What might you buy? (2018)
Not very exciting, but I bought VAB in the largest financial transaction of my life Sold all REITs and some US ETFs so I know have 25% cash/bonds. No interesting individual stock insights but my overall balance sheet has changed so much since I started investing I substantially changed my asset allocation from 0 to 25% bonds. I also bought a subscription to PrefLetter, anticipating running out of registered room for VAB in the nearish future.
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Re: What did you Buy? What might you buy? (2018)
looking to add to bep-un and maybe cu. bep-un down over 5% since jan 1 (excl dividend). looks ok for a long term hold.
Re: What did you Buy? What might you buy? (2018)
Initiated positions in ema and bce in my dividend portfolio. Both went down hard after I bought. Perhaps I should have wait till interest rate decision next week instead of jumping in early.
Re: What did you Buy? What might you buy? (2018)
No one likes to experience that situation, but if these are long term holds, you will have forgotten about it soon enough. It's sheer coincidence to catch either the bottom or the top on anything.
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Re: What did you Buy? What might you buy? (2018)
Time to get rid of VCM. Doubled shortly after I bought it and hasn't moved for too long. I'll predict a buyout offer at about a 30% premium as soon as transaction clears.
I don't intend to offend anyone, that part is just a bonus.
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Re: What did you Buy? What might you buy? (2018)
I looking at trimming some by my dividend payers inside my TFSA and the proceeds will be used to buy Rogers Sugar and Enercare. Both look like solid and stable dividend payers. My goal is to use our TFSAs as a source for dividends.
Re: What did you Buy? What might you buy? (2018)
New year, new contribution to my TFSA and used it to add to an existing H&R REIT (HR.UN) position.