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Bilirubin posted:Tangerine accounts set up, payroll deposit moved, starting to switch all my automatic debits. They have already given me a $50 bonus (yay free money)! Yeah you can be as aggressive as you're comfortable with at this point. In terms of portfolio balance, technically anything paying yield will have a less favourable tax rate vs things which will grow mostly via cap gains, so you might be biased to putting higher yielding securities in your TFSA, if you're in a position to max both the TFSA and RRSP.
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Jan 30, 2015 18:00
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So what do you think guys have we hit bottom of the dollar and crude?
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Feb 3, 2015 21:39
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slidebite posted:So what do you think guys have we hit bottom of the dollar and crude? No and yes. But honestly, nobody knows.
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Feb 3, 2015 22:19
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slidebite posted:So what do you think guys have we hit bottom of the dollar and crude?  I would bet, not confidently, yes and yes though.
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Feb 3, 2015 22:26
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Kalenn Istarion posted:Yeah you can be as aggressive as you're comfortable with at this point. Thanks! The kicking of CIBC to the curb continues. All my savings are now moved to Tangerine for their sweet, higher interest, and the TD TFSA and RSP are set up, now just waiting for the transfers to execute and the conversion to e-series to take place (applied for this while in the branch setting up my account--my personal banker knew all about them and was really helpful throughout). I am deriving unexpected pleasure from this process. And 4 Pillars is much more easy to read than I was expecting for an economics/investment text.
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Feb 3, 2015 22:44
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"Hitting bottom" sometimes has a connotation of a rebound being imminent. I doubt oil gets much cheaper from here, but I also don't see a recovery any time soon. The Canadian dollar will fall even further, though. More rate cuts, continued lovely oil prices, and our almost-certain recession this year will take us down further yet.
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Feb 3, 2015 23:36
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I don't think anybody is under an illusion of a rebound on either oil or the dollar anytime soon. I am hoping we have stabilized somewhat at least.
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Feb 4, 2015 01:25
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Put your money where your mouth is son  I'm not converting any of my GBP or USD.
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Feb 4, 2015 01:56
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slidebite posted:I don't think anybody is under an illusion of a rebound on either oil or the dollar anytime soon. Well, we're talking about timelines of decades, so I guess Canada is just on sale?
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Feb 4, 2015 14:14
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Anyone know a good guide to Canadian credit cards or have a recommendation? I'm still rocking my 1000 limit with 1% rebate from when I was a teenager and really should take advantage of air miles etc. I'll note that I fly somewhat regularly for work which I can pay for with the company card but am allowed to put points/rewards on my own card.
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Feb 4, 2015 20:17
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Wilhelm posted:Anyone know a good guide to Canadian credit cards or have a recommendation? I'm still rocking my 1000 limit with 1% rebate from when I was a teenager and really should take advantage of air miles etc. I'm wondering again as well. The highly recommended Capital One Aspire Travel MasterCard is no longer available  e: http://www.rewardscanada.ca/topcc2014/#rankings The Capital One Aspire Platinum Travel MasterCard looks decent. No fee, but not as generous on the rewards as the original?
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Feb 4, 2015 20:18
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If you plan to travel and spend a reasonable amount on your card every year, consider the TD Visa Infinite travel card (1.5% of all spending into travel points or 4.5% of travel spending back), or the BMO world elite travel MasterCard (2% of all spending into travel points). They have no fee versions if you don't spend much on your card but if you spend (or can redirect enough spending) to get over ~20,000 per year on the card it's worth it. We do this by paying for literally everything on our card, down to as little as 2 dollar coffees.
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Feb 4, 2015 20:34
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Ashley Madison posted:I'm wondering again as well. The highly recommended Capital One Aspire Travel MasterCard is no longer available Huh? It looks available to me: http://www.capitalone.ca/credit-car...a%2Fca-homepage That's the one card everyone should have if they can. Best in the country IMO. In second place I would put the Westjet RBC World Elite Mastercard. 1.5% of spending turns into Westjet dollars and every year you get a $99 travel companion voucher. Oh, no baggage fees as well. I have this one but put nothing on it. I just use it for no baggage fees and the companion flight. Kal Torak fucked around with this message at 21:03 on Feb 4, 2015 |
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Feb 4, 2015 21:00
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Kal Torak posted:Huh? It looks available to me: Welp, I'm a dummy. I was going based on what the Rewards Canada listing said. Thanks! 
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Feb 4, 2015 21:24
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Wilhelm posted:Anyone know a good guide to Canadian credit cards or have a recommendation? I'm still rocking my 1000 limit with 1% rebate from when I was a teenager and really should take advantage of air miles etc. If you like cash back and buy a lot of stuff in foreign currency, I like the Amazon Chase card. No annual fee, no foreign currency exchange (usually 2.5%), 2% cash back spent on Amazon and 1% cash back on everything else. No travel/warranty/price protection benefits though. For Canadian purchases I use the Capital One Aspire Cash. Basically the same thing except instead of free foreign currency excahnge and 2% cash back, I get warranty and price protection benefits.
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Feb 4, 2015 22:43
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Mantle posted:For Canadian purchases I use the Capital One Aspire Cash. Basically the same thing except instead of free foreign currency excahnge and 2% cash back, I get warranty and price protection benefits. edit: nevermind, I think I read this wrong.
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Feb 4, 2015 22:54
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It's been what.. a year since I last posted almost? Still getting hosed around setting up my TD e-series stuff. Online says I'm hooked up, but it doesn't work because the bank says I'm missing info in my account and everyone I talk to has a different answer. I've half given up, gently caress TD why do they make this so hard? I have 100k I'd like to give them but they're throwing up so many loving hoops. Their latest idiocy is mailing me a form and saying to write my email address in it (after emailing me that they need to mail me back a form so I can put my email address in it) then after I sent it back saying the form is no good because it's a copy and not the original. It's what you idiots sent me! Are all the "big 5" run this poorly? On the plus side my stupid manulife investments have done super well all this time and apparently a lot of the e-series guys I was going to buy have done a bit poo poo. Also, my wife is getting stocks every pay day for the company she works for because they give you a 50% discount. I was told we were idiots if not instantly selling the stocks and investing something else. How do I do this? How do we even access these stocks or do anything with them? My wife seems to think you "aren't allowed to do that". Now that our currency is hosed and canada is super hosed, what should someone with 100k sitting in a lovely high-fee manulife TFSA do? Baronjutter fucked around with this message at 23:58 on Feb 4, 2015 |
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Feb 4, 2015 23:55
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Baronjutter posted:Also, my wife is getting stocks every pay day for the company she works for because they give you a 50% discount. I was told we were idiots if not instantly selling the stocks and investing something else. How do I do this? How do we even access these stocks or do anything with them? My wife seems to think you "aren't allowed to do that". She might not be allowed to sell. Or might not be allowed to sell them all. Most of the time there is a vesting period as well as restriction on the number of selling transactions per year when purchasing company stock. She will have to ask her employer. Nobody here is going to know the answer to this. edit: And yes, TD is pure poo poo when it comes to setting up an investment account. Kal Torak fucked around with this message at 00:02 on Feb 5, 2015 |
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Feb 4, 2015 23:59
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Baronjutter posted:Now that our currency is hosed and canada is super hosed, what should someone with 100k sitting in a lovely high-fee manulife TFSA do? I Am Not A Certified Investment Guy: The only place I'm comfortable investing in right now is the U.S. economy. Asia will go down the toilet along with China; Europe is probably due for a rebound but Russia is casting a pall on the German economy so I'm staying away; Canada is... well, Canada. Get some U.S. index funds and maybe a municipal bond fund or something else similar to leaven it out. Maybe a U.S. REIT, too. The U.S. economy is big enough that you can go balls in and still have a nicely diversified portfolio.
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Feb 5, 2015 00:11
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I am one of the lucky ones and am currently in a Defined Benefit pension plan. Work is taking off roughly $900 a month before tax for this luxury but contributing slightly more. Should I even bother with investing until my debts are paid?
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Feb 5, 2015 02:44
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If I want to max my TFSA this year from close to nothing, am I better off putting it all in one lump sum right now to get it going as soon as possible, or spreading out the amount over the rest of the year? Or is this a personal preference thing? Just planning to do index ETFs if that matters.
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Feb 5, 2015 02:54
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Whiteycar posted:I am one of the lucky ones and am currently in a Defined Benefit pension plan. No, spend every cent you earn because YOLO.
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Feb 5, 2015 03:42
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Arrinien posted:If I want to max my TFSA this year from close to nothing, am I better off putting it all in one lump sum right now to get it going as soon as possible, or spreading out the amount over the rest of the year? Or is this a personal preference thing? Just planning to do index ETFs if that matters. Lump sum if you can.
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Feb 5, 2015 04:15
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Whiteycar posted:I am one of the lucky ones and am currently in a Defined Benefit pension plan. What kind of debts are we talking about and how sure are you that pension is still going to be around when you retire? In completely unrelated news, have you ever heard of White Birch Papers or US Steel?
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Feb 5, 2015 04:58
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FrozenVent posted:What kind of debts are we talking about and how sure are you that pension is still going to be around when you retire? Like $15 K line of credit and Mortgage Its Alberta Civil Service so not the most bankable pension but best worst case scenario is they pull a Canada Post and change the pension for people coming in after a certain cut off date.
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Feb 5, 2015 05:13
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I'd pay down the LOC before investing. You're probably paying 4-6% in interest and it might be tough to achieve a return like that in the market. With a DB pension to fall back on, in my mind it's a no brainer.
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Feb 5, 2015 05:27
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Whiteycar posted:Like $15 K line of credit and Mortgage I'm with the Nova Scotia Civil Service and I still invest like a motherfucker because I don't want to be a slave to my pension. Though my only debt is my mortgage, so the priority for my extra money goes RRSP (small amount of annual room due to pension deduction) > TFSA > Mortgage > Taxable Investments The priority for your extra money should probably be Line of Credit > RRSP > TFSA > Mortgage > Taxable Investments. I guess since you're in Alberta your TFSA may be a higher priority depending on your gross income.
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Feb 5, 2015 14:28
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Baronjutter posted:It's been what.. a year since I last posted almost? Still getting hosed around setting up my TD e-series stuff. Online says I'm hooked up, but it doesn't work because the bank says I'm missing info in my account and everyone I talk to has a different answer. I've half given up, gently caress TD why do they make this so hard? I have 100k I'd like to give them but they're throwing up so many loving hoops. Having done this before my advice is don't bother calling them, it's a nightmare, you get transferred everywhere. Fill out the form and mail it like they mentioned. You should have an online investment account with your branch number being the first few digits, typically at a branch where you opened the regular account you are then converting. The conversion is completed when the branch numbers of your investment account changes online. You will have more options when selecting the different MF groups online. http://www.tdcanadatrust.com/document/PDF/mutualfunds/tdeseriesfunds/tdct-mutualfunds-tdeseriesfunds-convertaccount.pdf
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Feb 5, 2015 19:06
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Baronjutter posted:On the plus side my stupid manulife investments have done super well all this time and apparently a lot of the e-series guys I was going to buy have done a bit poo poo. Dude, what the hell are you talking about. An index portfolio has gone gangbusters in the past year. This is the one year performance of each of the four typically recommended e-series funds (note that US/Int are particularly high for currency reasons):  Click through to those fund performances and you'll see for yourself: https://www.tdcanadatrust.com/products-services/investing/mutual-funds/td-eseries-funds.jsp#what-does-td-offer
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Feb 5, 2015 19:18
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Before anyone is like whao, that US equity portfolio, it's mostly due to currency devaluation.
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Feb 5, 2015 20:05
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jm20 posted:Before anyone is like whao, that US equity portfolio, it's mostly due to currency devaluation. I did make a point of mentioning that 
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Feb 5, 2015 20:20
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After going gung-ho on indexing and reading plenty of investment literature (Four Pillars, Elements of Investing, A Random Walk Down Wall Street, etc.) I decided to help spread the word of the wonderful world of index investing to my fellow teachers at the school I work at. I'm currently making a PowerPoint presentation and with pre-seminar evaluations I'm shocked that some of my co-workers either don't know what the difference between an RRSP and a TFSA are, haven't really done any saving at all, allow active money managers to handle their investments, and/or have debt and don't see the issue with it. I hope to help my fellow educators get themselves to better living instead of crossing their fingers that their pension will see them through, and not have to work to their 80s or whatever like I see some public school teachers doing.  EDIT: When I finish the PowerPoint, would some more advanced investment Canada goons be willing to give it a look to make sure I'm not missing anything or giving false data? Olive Branch fucked around with this message at 20:31 on Feb 5, 2015 |
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Feb 5, 2015 20:29
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Olive Branch posted:After going gung-ho on indexing and reading plenty of investment literature (Four Pillars, Elements of Investing, A Random Walk Down Wall Street, etc.) I decided to help spread the word of the wonderful world of index investing to my fellow teachers at the school I work at. I'm currently making a PowerPoint presentation and with pre-seminar evaluations I'm shocked that some of my co-workers either don't know what the difference between an RRSP and a TFSA are, haven't really done any saving at all, allow active money managers to handle their investments, and/or have debt and don't see the issue with it.
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Feb 5, 2015 22:45
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Teachers are pretty dumb so prepare to be absolutely crushed in your efforts to help them think critically about anything in their lives.
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Feb 5, 2015 23:32
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Did my taxes tonight and    after seeing I had a refund of over 6 grand. Thanks, pseudo-income splitting! If the 10k TFSA thing actually materializes I'll be e. on second thought I don't think anything could rival CI's hateboner for canada.
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Feb 6, 2015 03:38
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Poor CIBC guy...as I was switching accounts for automatic payments I had to cancel the automatic buy ins for my TFSA and RRSP which required speaking with the mutual funds guy. He wanted to spend "approximately 90 seconds first to see if my investment was still right for me" but I cut him off and said I was already ahead of him and the transfer order was already submitted. At the end of the call he tried one last time with a sad "but if you are no longer happy with the long term investment we can take your profits and move them into a shorter term vehicle!" and I kind of unloaded on him about how the last time one of them suggested a thing it came with an over 2% MER and that was why I was getting out but if he could suggest a competitive fund to the e-series I was all ears, by all means go ahead he hung up.
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Feb 6, 2015 15:41
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Olive Branch posted:After going gung-ho on indexing and reading plenty of investment literature (Four Pillars, Elements of Investing, A Random Walk Down Wall Street, etc.) I decided to help spread the word of the wonderful world of index investing to my fellow teachers at the school I work at. I'm currently making a PowerPoint presentation and with pre-seminar evaluations I'm shocked that some of my co-workers either don't know what the difference between an RRSP and a TFSA are, haven't really done any saving at all, allow active money managers to handle their investments, and/or have debt and don't see the issue with it. Many people don't have the self-control to save anything at all. Keep this in mind. Know your audience. Many detractors will detract from your efforts simply because they don't want to change their lifestyle to one that allows saving money. You should be targeting the people that already save, but aren't making the best use of that extra cash. What percentage of your coworkers fit into this mould I'm not sure, but I would say not many.
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Feb 9, 2015 20:59
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Early last year, before reading through this thread, I maxed out my TFSA up to 2014 and left it sitting in a "High Interest" account until I figured out what to do with it. Shortly thereafter, my credit union called me and talked me into putting it into a short term 1-year GIC until I solidify my plans. Flash forward to today; after doing next to nothing with it I've seen the light and will be opening up a TFSA account at TD shortly. What is the best way to make the switch? Can I open the account with this year's contribution room, then have TD transfer the money from my credit union TFSA to the TD? Or do I have to pull it out, and re-contribute it in 2016? The GIC matures in 10 days; does the minimal interest accured stay within the TFSA and increase my overall contribution room?
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Feb 11, 2015 17:02
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How do I know when the e-series are set up? Do I get some sort of notification or do they just quietly appear as another option to buy?
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Feb 12, 2015 16:17
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Reggie Died posted:Early last year, before reading through this thread, I maxed out my TFSA up to 2014 and left it sitting in a "High Interest" account until I figured out what to do with it. Shortly thereafter, my credit union called me and talked me into putting it into a short term 1-year GIC until I solidify my plans. Your credit union should do the transfer for you which preserves everything. Earnings in a TFSA do not increase your contribution room.
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Feb 12, 2015 16:38
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