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What's the best TFSA to go with? Ally's used to have a pretty decent percentage a couple years back, but it's now 1.2% (which is still higher than TD's, where my chequing is).
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Sep 13, 2013 05:22
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I'm just looking into the E-series account at TD now, and I'll probably head to my nearest branch and try to open one in a couple days, but knowing a little bit more about this would be useful; how much capital should I be putting into this to start with? What kind of returns should I expect? How often should I be obsessing over where I've put my money? Am I even using the right language?  (I know absolutely nothing about finance)Lexicon posted:Rebalance yearly – as you do RRSP contributions for example. Is this a general rule? Put it somewhere relatively safe and forget about it for a while?
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Sep 9, 2014 00:15
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Baronjutter posted:Ok, baby steps. There's a TD near my house that has a bunch of "waterhouse" logos on it. I'll go there and tell them what I'm trying to do and they'll open the right account for me right? I found this: How to apply for a TD e-series fund Talking with my stepfather (who knows more about this kind of thing than I do at least) and after looking at some of the e-series funds for a while he asked me why I wouldn't invest in some other funds with greater returns if those funds are managed by someone else, and I wasn't really able to answer him. I read that MER can be anywhere from .5% to 3% (around about), and his question was why I wouldn't go with something better than a fund managed by a Canadian bank even if the management costs around 3% if the returns were better. Again I'm not sure how to respond to this. What are fees generally like?
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Sep 9, 2014 03:04
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Okay, thinking about it from a perspective where you're losing extra capital that could be compounding, and with the understanding that the e-series stuff probably won't under-perform the market in general or be more prone to shocks that I wouldn't be there to manage outside of re-balancing once a year definitely helps my understanding of why this is a good idea, thank you. I would like to see the costs of a higher MER though, so I'm looking forward to that
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Sep 9, 2014 03:29
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Guest2553 posted:Already posted, check out here. Franks Happy Place posted:Doing some napkin math, over 25 years, a $100,000 investment that made 5% a year and compounded would cost $125,000 more for a 3% MER versus a .5% one. So like 40% of the value at the end of that time. Thanks 
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Sep 9, 2014 04:25
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Jumping on CC chat from the last page or so: I don't earn anywhere near 70k a year so the elite Capital One card and the elite Westjet card are out - should I get the no-fee Capital One card? Also heading out to TD today to finally get started on setting up an e-series account - I'm following this guide but I've read in this thread that people are using a TD TFSA to invest from rather than a TD Mutual Funds account which is what the guide recommends getting - how should I proceed? E: looking over it further it looks like the account I need to create is a TD Mutual funds TFSA so that answers my second question JawKnee fucked around with this message at 20:55 on Feb 15, 2015 |
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Feb 15, 2015 20:32
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less than three posted:My story is I went into a TD and said that I wanted to open up a TFSA to buy e-series mutual funds. The guy was like "well! you clearly know what you want so let me grab someone." and I was given a TD "mutual funds specialist." She was like "Okay well to be honest I haven't opened an e-series capable account forever, I don't remember how. Let's do it as TD Direct Investing instead because you clearly won't be asking for our recommendations." And that's how I got it. from what I read like 5 days ago you can do it from either a TD Mutual Funds TFSA or a direct investing TFSA (which is through Waterhouse). I think you pay for the latter, but you can buy other kinds of funds using it.
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Feb 19, 2015 08:22
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Baronjutter posted:I want airkilometers what you're saying is you want less? 
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Apr 13, 2015 16:38
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just applied for it, that was waaaay too easy. Read through the forms, they mention making payment options available, but not what they are - is there an online option for it (through the site maybe?) or am I going to be doing this via a transfer from my bank?
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May 13, 2015 18:23
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slidebite posted:OK I'm going to get on this amazon.ca train too. I left it out - it asked me on the next page what the last 4 digits were, multiple choice style. It's not required. JawKnee fucked around with this message at 18:40 on May 13, 2015 |
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May 13, 2015 18:28
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Got my Amazon rewards card today. While it definitely says 1%/2% cash back on the site, what it actually is is a points system - get 2000 points, you get a $20 statement credit. That's still technically 1%/2% but you still gotta spend the 2k (or 1k in amazon purchases) before you get anything back.
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May 24, 2015 02:02
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because it's better than nothing, which is what my other credit card gets me?
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May 24, 2015 17:56
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you don't need to do anything on site besides get them to fill up and mail out the forms (not fax, the one I was talking to months ago was going to fax them - it says right on the forms not to).
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Sep 22, 2015 19:06
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TheOtherContraGuy posted:Hey, my girlfriend and I are going to the states in April and she's worried that the exchange rate is going to get even worse. I'm sceptical. I have 2000 that I can either exchange now or invest. What would be a better bet? No one is going to be able to answer this for you at anything other than a guess
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Jan 19, 2016 02:54
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Rick Rickshaw posted:and feel like it's my fault she didn't claim Airbnb income on her taxes why?
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Nov 17, 2016 20:24
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Just signed up for the Costco Capital One card, not sure what limit they've approved me for, but with no annual fee and cash back on gas/restaurants/and general purchases it'll probably supplant the Amazon Chase card as my regular card.
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Dec 16, 2016 19:07
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why are you carrying credit card debt when you can pay it off right now?
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Dec 29, 2016 22:38
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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
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Dec 15, 2017 06:58
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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"
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Dec 15, 2017 07:43
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Lead out in cuffs posted:Why would it? I don't think you need to be in the country to claim EI. Hell I have friends who took their newborn to Thailand for three months of their parental leave. You absolutely do need to be in the country (barring some edge cases). IIRC the penalty for getting caught receiving EI when you shouldn't is up to double the amount back You just need to inform them you're leaving.
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Feb 1, 2018 04:43
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It's (past) time for me to start contributing to an RRSP. Where is the best place to open one?
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Jan 31, 2021 00:49
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Mantle posted:Optimize for lowest fees for monthly ETF buys: Questrade Okay, I'm already using Questrade for my TFSA but didn't realize I could open an RRSP account with them, thanks!
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Jan 31, 2021 04:09
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