|
Ah yeah I’m with you, gotta start running the spreadsheets if you want your internal rate of return and all that.Baronjutter posted:What isnt humming along fine is manulife taking 3%+, that can get hosed. Amen to that.
|
# ? Oct 26, 2017 04:45 |
|
|
# ? Jun 5, 2024 05:07 |
|
But TD does do that stuff dude. I have all the graphs, but you want to pay a bunch more to save you the effort of figuring out how to log into TD webbroker, as far as I can tell.
|
# ? Oct 26, 2017 05:02 |
|
large hands posted:But TD does do that stuff dude. I have all the graphs, but you want to pay a bunch more to save you the effort of figuring out how to log into TD webbroker, as far as I can tell. I guess I feel like I'm not 100% qualified enough to do the 100% self-directed investing and might get more out of something like Nest or Wealthsimple in the long run.
|
# ? Oct 26, 2017 05:06 |
|
For what it's worth, Questrade has a decent interface for calculating annualized returns and generally getting a sense of what each of your investments is doing. And if you're going TD for mutual funds, the main difference between mutual funds and ETFs is really just how and when you purchase them. (i.e.: trade mutual funds after market hours, trade ETFs during market hours)
|
# ? Oct 26, 2017 18:14 |
|
Baronjutter posted:I guess I feel like I'm not 100% qualified enough to do the 100% self-directed investing and might get more out of something like Nest or Wealthsimple in the long run. i mean wealthsimple publish their fund portfolios. you could literally just copy them with 20 minutes of free time their portfolio performance seems bad tho. i'd just buy a bunch of vanguard total market or something and forget about it
|
# ? Oct 27, 2017 05:47 |
|
I feel kind of dumb -- I've been accumulating the amount I've earmarked for my RRSP in a savings account, figuring Tangerine's promotional 2.8% would be good enough until I have a larger lump sum to invest. But then I looked at the annualised returns of the RRSP over that period of time and it's definitely more than 2.8%. Of course, there was no way of knowing this, but since this is for retirement savings and not an emergency fund, why even bother keeping it in a savings account? I think I had a rational reason for this at some point, but when I stopped to actually think about it this week, I just can't see it. Jan fucked around with this message at 20:07 on Oct 29, 2017 |
# ? Oct 29, 2017 20:05 |
|
Save on commission with less frequent trades?
|
# ? Oct 29, 2017 20:29 |
|
Buy a vanguard fund and do nothing.
|
# ? Oct 29, 2017 20:40 |
|
pokeyman posted:Save on commission with less frequent trades? Not with commission-free purchases. Although I think it's the commission on selling that's gotten me into this -- I still have a small enough portfolio that I've been rebalancing through new injections, so I'd wait until I have enough to top up to my desired allocation. But then, in hindsight, I can still get as close to that allocation as I can without selling and just keep doing that on occasion. With a whopping 3 different securities, it's not exactly the end of the world...
|
# ? Oct 29, 2017 21:18 |
|
One approach is to run whatever amount you’re investing through a calculator like this one (I think I’ve linked it before), which answers the question "I want to invest $X into my portfolio right now, how many shares of each security should I buy so I move closer to my target allocation?" I lop off part of my paycheque each month, feed it to that calculator, then buy what it tells me. I’ll still check my positions once a year in case things are out of whack and I need to buy and sell to rebalance, but it makes me happier to always be rebalancing with my monthly buys. Maybe it’ll stop you from sitting on cash you mean to invest!
|
# ? Oct 29, 2017 21:36 |
|
pokeyman posted:One approach is to run whatever amount you’re investing through a calculator like this one (I think I’ve linked it before), which answers the question "I want to invest $X into my portfolio right now, how many shares of each security should I buy so I move closer to my target allocation?" I lop off part of my paycheque each month, feed it to that calculator, then buy what it tells me. Here's a Canadian-specific calculator that does the same thing and can link to your Questrade account via API. https://getpassiv.com/
|
# ? Oct 30, 2017 06:56 |
|
Hi thread, been out of here for some time. I did a catch up for the last few pages but didn't really see much about this so thought I'd ask: What's the best rewards CC right now? For either points or travel? I've got one of those PC cards but with the severance of PCF and CIBC, I'm thinking of using it as an excuse to jump ship. I might stick with Simplii for my main banking (as I like the ability to use CIBC machines no charge and for deposits) but I'm also considering changing banks if its worthwhile.
|
# ? Nov 13, 2017 17:07 |
|
MBNA world whatever card has been the best no-thinking overall rewards card from what I've found, $89 a year fee but first year free and $100 welcome bonus so it's pretty much free for the first two years. 2% back on all purchases with no limit.
|
# ? Nov 13, 2017 18:51 |
|
Ugh, I loathe MBNA right up there with Capital One. I had both their cards at one time and I ended up closing them (probably the only cards I've ever actually cancelled in addition to some store cards years ago) because their customer service and marketing was terrible... but that was a long time ago. I was hoping a more mainstream bank.
|
# ? Nov 19, 2017 16:41 |
|
Boo
|
# ? Nov 20, 2017 04:53 |
|
I haven’t been active on the forums for a long time and I’ve tried to play a bit of catchup before I pose my question for some of you more financially savvy Canadian goons. You may cringe about what I’ve done here. Basically I have decided to move abroad for a year or two and live off of my savings and the proceeds of my home sale. My stress levels were pretty high when I made the decisions about how to manage it all so I went with what seemed like the easiest option. I put 250k into an RBC managed payout solution fund and have been keeping about 20k in savings which I am living off of. I know it’s not really ideal due to the fees, which I believe are about 1.9%, but it has worked ok for the last few months. The principle seems to have grown by a few thousand despite the payouts of about 1300 a month. I wonder if there will be some sort of adjustment at year end that will make things look worse. This is a non registered plan btw. My expenses are quite a bit more than that but I have been drawing down some of my savings to make up the difference. I would really appreciate some opinions about what I should do with my money while I am living abroad. It is possible I could end up getting a job in Europe and might be out here for some time. Essentially I want to get an income from the money in the mutual fund while generally maintaining the principle for when I inevitably return to Canada to pick up where I left off.
|
# ? Dec 11, 2017 00:22 |
|
Can't phone post for poo poo but the fact that you haven't blown it on garbage like a monogrammed horse means you could be doing a lot, lot worse. Minmaxing is a godawful experience for most people whether you're talking about personal finances or your level 20 paladin, so perfect is a pretty unattainable metric. You're 'alright' rather than 'good', but at that point you've already avoided the big pitfalls. I was half expecting a 250% apr loan somewhere the way your lost started, but you can weather a financial storm that lasts years which is already top tier finances in most of the western world.
|
# ? Dec 12, 2017 04:05 |
|
Baldrik posted:I havent been active on the forums for a long time and Ive tried to play a bit of catchup before I pose my question for some of you more financially savvy Canadian goons. You may cringe about what Ive done here. You could certainly cut your fees roughly in half by using a low cost mutual fund like with Tangerine or TD e-series, but I don't know if they have an automatic payout option so you'd have to be going in and withdrawing money yourself each month. You could also drastically cut your fees by opening your own brokerage account with someone like Questrade and buying and selling your own ETFs, but that takes a lot more time and consideration each month to manually sell stuff, wait for the sale to clear, and then transfer the money to your bank, then get it to yourself in Europe, all of which could take, like, 5+ business days if you're unlucky. However, with all those options you also have to trust yourself to not misuse your power over your finances and/or freak out when markets dive or soar and make bad decisions. It's all about how much hassle and responsibility you want to trade for that extra $2k~4k you could be saving in fees every year.
|
# ? Dec 12, 2017 17:03 |
|
I know this isn't Can Pol but:quote:TD Canada Trust backs down, releases family's $846K inheritance Why did the bank suggest a bank draft instead of a cheque? Is it more favorable to them? What would be the best way to avoid this type of situation?
|
# ? Dec 15, 2017 02:05 |
|
Professor Shark posted:I know this isn't Can Pol but: Build the ability to cancel / nullify bank drafts into their system. They have a number on them, it's loving 2017 and there is no excuse for this bullshit legacy paperwork nonsense that they insist on perpetuating. In other news Wealth Simple has a 1.2% savings account now, which is government insured? I guess they are just straight up a shifty fintech bank at this point?
|
# ? Dec 15, 2017 02:25 |
|
w i r e t r a n s f e r
|
# ? Dec 15, 2017 02:57 |
|
Risky Bisquick posted:w i r e t r a n s f e r But that costs like, 50$, man! UPS is cheaper at 32$.
|
# ? Dec 15, 2017 03:25 |
|
Just institute a 100% estate tax
|
# ? Dec 15, 2017 03:26 |
|
quote:Hebert, 61, said he was facing financial insecurity. He said his credit cards are maxed out and he has no source of income. Also, drat, a $2.4m estate. Probably bought a house 60 years ago.
|
# ? Dec 15, 2017 04:22 |
Professor Shark posted:Why did the bank suggest a bank draft instead of a cheque? Is it more favorable to them? Bank drafts are a lot more traceable than a certified cheque, and it's a lot easier to tell if they're legitimate. As far as the actual bank go they're a fairly similar process to do, but the bank was 100% right that the bank draft was the way to go. Of course they did completely gently caress up by not re-issuing it. You would be very surprised at how much fraud there is concerning fake bank drafts around though. It's a LOT. It got to the point where we had to stop automatically letting bank drafts through without holds if they weren't issued by TD because of the rampant fraud and the fact that the fraudsters got so good at what they were doing.
|
|
# ? Dec 15, 2017 04:59 |
|
Risky Bisquick posted:w i r e t r a n s f e r last time I tried to do this in an RBC to my TD account they straight up told me they could only do it internationally
|
# ? Dec 15, 2017 06:58 |
|
TD is a garbage incompetent rear end in a top hat bank so that's what you get. *Hello, it's TD, please come down and sign the forms. *Hello, thanks for coming, we don't have the forms ready, please sit here and wait for an hour while we try to get another branch to fax them to us. *Hello, it's TD, please come down and get your bank draft. *Hello, thanks for coming, we don't have any bank drafts left outside the vault and we can't tell you when the vault is opening again so please just go to another branch, it's just down the street that a way (actually kilometers away).
|
# ? Dec 15, 2017 07:32 |
|
JawKnee posted:last time I tried to do this in an RBC to my TD account they straight up told me they could only do it internationally
|
# ? Dec 15, 2017 07:32 |
|
cowofwar posted:TD is a garbage incompetent rear end in a top hat bank so that's what you get. I was at the RBC, not the TD, but yeah basically the woman helping me was using whatever program they use for wire transfers and was like: clerk: "I need to put in a country to transfer to but they don't have Canada in the list " *gets her manager* manager: *repeats all the same actions* "Huh... we can only do wire transfers internationally"
|
# ? Dec 15, 2017 07:43 |
|
Step 1) Click "International Wire Transfer".
|
# ? Dec 15, 2017 08:30 |
|
Go to a new branch if your talking heads can't do basic banking tasks
|
# ? Dec 15, 2017 13:39 |
|
JawKnee posted:last time I tried to do this in an RBC to my TD account they straight up told me they could only do it internationally Domestic wires are utterly a thing. RBC, amusingly, charges wire fees to wire to another RBC customer. (The direct transfer thing only works up to $3K.)
|
# ? Dec 15, 2017 13:46 |
|
I'm going to pull the trigger on a degree program this year. Is anyone familiar with financial aid options in Ontario for people who are still working while doing school part-time? Not sure if OSAP is as generous with folks who have assets (less than $15k)
|
# ? Dec 16, 2017 23:11 |
|
If you make less than some amount per year I think there are automatic grants when you apply for a govt student loan (it was like this in BC).
|
# ? Dec 16, 2017 23:59 |
|
http://business.financialpost.com/c...p-growth-reportquote:Triple threat to Canada's economy could cut our growth in half for next 15 years, report warns good thing there's no risk of the housing bubble popping or consumer spending slowing so go ahead and treat yourself you deserve that g63
|
# ? Dec 17, 2017 23:04 |
|
Investing came up last night and a guy was telling me I was exposing my self to a lot of risk when I told him I've been trying to move away from having much Canadian exposure. "With trump it's dangerous to invest in the US, europe is unstable, and there might be nuclear war in Asia soon while Canada has a strong safe economy, that's why everyone's buying houses here and trying to move here" He thought I was a fool for not doubling down on Canada and ditching my foreign investments.
|
# ? Dec 18, 2017 00:45 |
|
Lol Europe unstable
|
# ? Dec 18, 2017 01:18 |
|
Baronjutter posted:Investing came up last night and a guy was telling me I was exposing my self to a lot of risk when I told him I've been trying to move away from having much Canadian exposure. "With trump it's dangerous to invest in the US, europe is unstable, and there might be nuclear war in Asia soon while Canada has a strong safe economy, that's why everyone's buying houses here and trying to move here" He thought I was a fool for not doubling down on Canada and ditching my foreign investments. This is my opinion only, not sure of your risk profile, etc: That doesn't make a lot of sense because Canadian markets are so affected by the US stuff, just look at NAFTA right now. I don't have any Canadian investments despite being Canadian because I don't think being from a place is really a good reason to invest in that market (if you're not being disadvantaged by currency exchange). If anything Trump makes it safer to invest in the states - look at the recent tax reform, look at the policy direction towards in-USA production/industry. As much of a loving idiot as he is and how he's overall hurting the states, he's doing so in such a way as to strengthen a lot of positions there. People are buying real estate in Canada because it's doing very well but it's also seen as a bit of a bubble, especially here in Vancouver. Remember that a big driver of the real estate market is the instability of some Asian markets.
|
# ? Dec 18, 2017 01:24 |
|
DariusLikewise posted:Just institute a 100% estate tax Not only is the sentiment incredibly stupid this would never, ever work. There are always loopholes.
|
# ? Dec 19, 2017 23:53 |
|
|
# ? Jun 5, 2024 05:07 |
|
The biggest loophole being that Canada has no gift tax.
|
# ? Dec 20, 2017 01:24 |