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I've started to take over my spouse's investments (RRSP and TFSA). Does it make sense from a diversification stand point to alter the ETF's in her portfolio? For example, my TFSA is with TD, and RRSP with Questrade. Overall, I hold 10% Canadian Equities, 5% VCN, 5% TDB900. I'll be setting her up with Questrade, and was contemplating going; XIC to my VCN/TDB900 XAW to my VXC/TDB911 XUU to my VUN/TDB902 ZAG to my VSB. Or am I overthinking it? I know they should all track relatively evenly, but I'd be lying if I'm not excited to be buying different things.
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Dec 20, 2017 04:54
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| # ? May 14, 2024 23:48 |
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I manage for the both of us, and I keep things identical to the extent possible. The one exception is tax loss harvesting decisions, which may happen in different accounts at different times, and do necessitate a switch in ETF.
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Dec 20, 2017 07:35
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My wife's TFSA is around 40% bigger than mine because a US investment I made for both of us a few years back that I "tax optimized" into my RRSP has done incredibly well and now I'm (almost) jealous that hers is free and clear. I think that's a vote for doing things identically, but even though we're primarily in broad-market ETFs, there's that little voice that says "yay diversification!".
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Dec 20, 2017 08:40
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What's the next step once your tfsa and rrsp are maxed out? Next year I should be able to top them both off relatively quickly.
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Dec 20, 2017 16:35
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Demon_Corsair posted:What's the next step once your tfsa and rrsp are maxed out? Next year I should be able to top them both off relatively quickly. Investment condos
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Dec 20, 2017 16:36
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Postess with the Mostest posted:Investment condos Not risky enough. Mortgage Investment Corporation Seriously though, if you don't already own property it's worth considering once you get to the point of maxing out your TFSA and RRSP. I mean unless you're in one of the bubble markets.
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Dec 20, 2017 17:04
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Demon_Corsair posted:What's the next step once your tfsa and rrsp are maxed out? Next year I should be able to top them both off relatively quickly. I relocate too often for work for housing to make sense, and don't see that changing barring some opportune deal after a 2008 style collapse. Now that I have a babbys my priority for investment vehicles is TFSAs, RRSP, RESPs (to full match), and then unregistered. In the open account I've been holding VCN (favorable tax rates) and VXC (non-optimized drag is worth not doing ACB calculations). RRSP/TFSAs are a mix of XEF/XEC/VUN/VAB since those were my first accounts, but am slowly shifting bonds to RRSP through rebalances. RESPs are 100% equities also split between VCN/VXC. Once my balances get large enough I'll sit down with an financial planner to tweak but this has been good enough for where I am imo.
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Dec 20, 2017 17:19
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Guest2553 posted:I relocate too often for work for housing to make sense, and don't see that changing barring some opportune deal after a 2008 style collapse. Can't stress this vehicle enough, it's basically a tax break for the wealthy. http://www.rbcroyalbank.com/student-solution/articles/6-common-questions-about-withdrawing-money-from-an-resp-answered.html
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Dec 20, 2017 17:58
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Risky Bisquick posted:Can't stress this vehicle enough, it's basically a tax break for the wealthy. I need to get my act together and set one up for my 11 month old. I've been meaning to look into individual vs family plans, ect, but life gets in the way. Is it really that big of a tax break for the wealthy though? $250/year, up to $7200 lifetime? Don't get me wrong, it's free money that I want to take, but it's practically a year of CCB payments for a low income family.
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Dec 20, 2017 22:07
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Reggie Died posted:I need to get my act together and set one up for my 11 month old. I've been meaning to look into individual vs family plans, ect, but life gets in the way. It's 20% of 2500 per year, so $500 per year. Plus any growth in the account is tax-deferred and then taxed at the recipient's tax rate, the recipient being a current student (or recent graduate), so probably low tax/no tax. At worst it's a guaranteed 20% per year return on investment for ~15 years, at best it's tax free growth on $50k+ over ~20 years. And you know all those limits are going to go up eventually. Get on that poo poo Square Peg fucked around with this message at 22:21 on Dec 20, 2017 |
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Dec 20, 2017 22:19
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I'd like to think some future government will kill them because they are such an unnecessary hand out to the upper middle class (as keeps happening to provincial grants), but get while the getting's good. Given it's late December, thought I'd mention that you don't need to rush to bank right now or lose out, you can receive up to two years' grant in a single year. Therefore, if you hypothetically open RESP when kid is 2 in 2019 and make the 2019 and 2018 contributions at that time, you would double up again in 2020 to catch up 2017's and then drop to 1x limit per year. Still, tax-free compounding. On average, best done sooner than later.
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Dec 21, 2017 01:30
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Square Peg posted:Get on that poo poo This I cannot dispute. And not sure why I posted $250; I think I knew it was $500. Regardless, free money that I need to get on. I just feel like if we want to discuss tax breaks for the wealthy, this is low hanging fruit. RESP: Individual plan or Family plan? I have a second child on the way, but don't forsee us going being two (unless my financial situation changes drastically, at which point I don't think it would matter).
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Dec 21, 2017 02:03
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I have twins and I opened a family plan for them.
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Dec 21, 2017 04:39
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Reggie Died posted:This I cannot dispute. And not sure why I posted $250; I think I knew it was $500. I think the only real significant difference is a family plan is only good until one of the recipients turns 31, so if there's a large age gap between siblings it can not work as well, but your kids will be close enough in age that it shouldn't matter. Just know you still need to make contributions to specified recipients within the family plan, and avoid group plans/scholarship plans as they're basically scams. Square Peg fucked around with this message at 06:06 on Dec 21, 2017 |
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Dec 21, 2017 06:02
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Cold on a Cob posted:Not risky enough. Mortgage Investment Corporation Yeah if you think the government is never going to allow the housing market to collapse, and you're comfortable with the risk, a MIC could be a good idea. There is some thought that with the government introducing stricter lending rules in the new year, there will be more demand for secondary lending. MIC dividends are treated as interest income so there's no tax advantages.
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Dec 21, 2017 21:08
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cowofwar posted:TD is a garbage incompetent rear end in a top hat bank so that's what you get. http://www.cbc.ca/news/canada/edmonton/safety-deposit-box-opened-1.4458273 quote:Wedding jewelry, immigration papers go missing from TD Canada Trust branch So no one can open the deposit boxes but I guess a manager can just mark it as unassigned and then have it cored and keep the goods.
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Dec 22, 2017 09:37
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Is TD honestly the worst piece of poo poo bank? It seems like the biggest shittiest consumer complaints tend to originate from TD more than the other ones.
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Dec 22, 2017 13:13
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I bank with TD, they are cool and good. cowofwar you seem to be having a branch level issue, I recommend trying another branch or institution if need be.
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Dec 22, 2017 16:08
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When I worked there I always did my best to make sure things were done fairly for customers, and I was extremely liberal in applying my $75 a day in miscellanious fee refunds. As long as you weren't a giant dick I would refund NSF fees. I've also never had a problem in the 15 years that I've been doing my banking there.
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Dec 22, 2017 23:11
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Sample size n=1 here, but TD dicked me around less than I've seen friends/family be dicked by BMO and RBC. I've been with them for 14 years which means gently caress, I'm getting old.
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Dec 23, 2017 00:34
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I banked with TD for 20+ years (Canada Trust originally), but moved to RBC when TD had incredible difficulty producing information I needed for kinda-tax filings, depending on who I got on the phone. My wife and I would routinely be told different things about their policies. It was very frustrating.
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Jan 1, 2018 15:05
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More anecdata but CIBC hasn't dicked me around yet. They are super annoying about trying to sell to me anytime they have me on the phone though. Like one time I phoned visa to report fraud and before the call was over they were trying to sell me life insurance. 
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Jan 1, 2018 20:10
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Not sure if this is the right thread for this but what does it mean that there is no longer an education and text book tax credit for 2017, but BC still has the tuition credit? I.e. what should I expect to get back if I take a $950 course from a designated institution in 2018? Only 15% provincial tuition credit?
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Jan 4, 2018 03:59
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Is there somewhere that I can set up a self directed RESP online? Tangerine doesn't seem to offer one, and I can't just set one up with my online banking at scotiabank. They direct me to head in to the local branch to set one up. If at all possible, I would like to avoid the sales pitches that inevitably come any time I speak to a real person at a bank.
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Jan 4, 2018 17:10
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B33rChiller posted:Is there somewhere that I can set up a self directed RESP online? Tangerine doesn't seem to offer one, and I can't just set one up with my online banking at scotiabank. They direct me to head in to the local branch to set one up. If at all possible, I would like to avoid the sales pitches that inevitably come any time I speak to a real person at a bank. Questrade allows you to set up your own self-directed RESP, though I haven't done it myself.
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Jan 4, 2018 17:31
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How does the CESG work in self directed RESPs with regular contributions? I have my RESPs set up to be set and forget with some funds in target markets (ie divest canada forever)
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Jan 4, 2018 17:33
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Risky Bisquick posted:How does the CESG work in self directed RESPs with regular contributions? I have my RESPs set up to be set and forget with some funds in target markets (ie divest canada forever) Here's Questrade's guide, so you don't have to give them your contact info to get the URL: http://media.questrade.com/downloads/manuals/Make_The_Most_Of_Your_Childs_RESP.pdf But it looks like they apply for the CESG on your behalf.
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Jan 4, 2018 17:54
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They do, I opened up a couple last year. It took a few weeks to get the grant money, someone earlier in the thread said they do it in monthly batches which matches my experience.
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Jan 4, 2018 18:14
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hosed up putting a Stop order on a stock and instead put a Limit. Goodbye 100 shares I’ll never get back. I hope my broker enjoys those fees.
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Jan 5, 2018 18:34
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I have some sort of dyslexia with VUN and XEF because I somehow gently caress up buying or selling at least once a year "smith: e. goddammit it's starting to happen with " and : 
Guest2553 fucked around with this message at 20:05 on Jan 7, 2018 |
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Jan 6, 2018 17:23
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Square Peg posted:Here's Questrade's guide, so you don't have to give them your contact info to get the URL: This is law. It's always the institution's responsibility to apply for the CESG, but you have to make sure the account is properly set up in the first place.
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Jan 7, 2018 19:32
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I'm trying to figure out the returns on my bond ETFs (VAB) in my portfolio. Questrade shows only the market pricing, so I'm seeing a negative return. I have to factor in dividends to actually figure out the net return. So far, so good? The thing is, even after doing that calculation, I'm nowhere near the ~2.3% I should be seeing since I opened my account... Here's how I'm doing it: [(sum of all VAB purchases) + (sum of all VAB dividends) - (current VAB market value)]/(sum of all VAB purchases) This is obviously vastly simplified and doesn't factor in timing or doesn't immediately reinvest the returns as Vanguard's returns will do. But even then, this gives me a whopping 0.8% return... What am I missing?
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Jan 13, 2018 19:17
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What's (current value + dividends)/(sum purchase price)?
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Jan 13, 2018 20:00
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Jan posted:I'm trying to figure out the returns on my bond ETFs (VAB) in my portfolio. Questrade shows only the market pricing, so I'm seeing a negative return. I have to factor in dividends to actually figure out the net return. So far, so good? As an exercise, I tried to work out what the real returns of VAB were over the past year if I started with ca. $100K: On Jan 16, 2017 I could buy 3935 shares at $25.41/share - $99,988 (IIRC Questerade has no fee to buy ETFs) On Jan 16, 2018, the value is $25.10/share - $98,768.50 (-1.2%) Now, with a 12-mo trailing yield of 2.38%, over the year I should have made $2,780 on those shares (2.38% of $99,988 - an estimation, but given no big swings in value it's close enough). So added to the closing value, we have $101,548 (+1.56%). Subtract the management fees (0.13% - $130) and we have $101,418 (+1.4%). That is still a gain of 1.4% on the year ($101,418 - $99,988 / $99,988), which doesn't line up with your 0.8%, but is lower than your expected 2.3%. Likely difference is due to loss of dividends depending on when and how much VAB you bought throughout the year. So if you had $50K in Jan, and bought $50K in July, your dividends would have been half in the first half, giving $2,085 in dividends, and giving a 0.87% return. Which matches your number nicely. The nice thing is that the dividends are cash in your hand, while the losses are on paper, and aren't realized until you sell. If you sell them next year at $27.6/share, you'll have $8,606 over two years, you'll have a return of 8.6%, or an annualized return of 4.3%. And that's before considering dividends.
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Jan 16, 2018 21:15
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Nevermind Shofixti fucked around with this message at 14:28 on Jan 17, 2018 |
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Jan 17, 2018 04:49
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Shofixti posted:I'm going to open a Questrade account and start following that Canadian Couch Potato ETF guide. I see that Questrade has a refer a friend mutual bonus if someone wants to refer me and get free money. Send me a PM or whatever. I don't use Questrade but be careful with this promotion. To qualify, you have to make 1 commissionable trade. Since ETF purchases are free, buying ETFs doesn't qualify.
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Jan 17, 2018 05:14
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Shofixti posted:I'm going to open a Questrade account and start following that Canadian Couch Potato ETF guide. I see that Questrade has a refer a friend mutual bonus if someone wants to refer me and get free money. Send me a PM or whatever. email me for the referral thing jm20@cogeco.ca <-- not the referral email
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Jan 17, 2018 05:27
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Kal Torak posted:I don't use Questrade but be careful with this promotion. To qualify, you have to make 1 commissionable trade. Since ETF purchases are free, buying ETFs doesn't qualify. Goes a bit into what commissionable trade means its old but should still apply.
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Jan 17, 2018 05:52
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Anyone get the letter that they are ending the Amazon.ca card as of March 15 and shutting down all accounts? Any other good cards out there re:US exchange?
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Jan 17, 2018 06:36
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| # ? May 14, 2024 23:48 |
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Fido MC
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Jan 17, 2018 06:46
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