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1h1tk7x

Your daily investment discussion thread. Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D)

OPINION_IS_UNPOPULAR

Daily Discussion Thread for November 28, 2024

/r/CanadianInvestor/comments/1h1tk7x/daily_discussion_thread_for_november_28_2024/

1h1x2hu

I was told that I made a mistake by investing 10k in QUBE with RBC. How can I fix it ? Do I open an account in IKBR? Is it possible to transfer 10k from TFSA from RBC directly to other platforms without incurring any fees ? Thanks in advance. I’m very new at this.

Objective-Mud-4847

Invested 10k in RBC QUBE. Did I get duped by the advisor?

/r/CanadianInvestor/comments/1h1x2hu/invested_10k_in_rbc_qube_did_i_get_duped_by_the/

1h1xvwb

Hello good people, Im looking for advice to make: Right now heres my current portfolio: TFSA - Total portfolio: 5 digits, +12.44% - EQB(26% portfolio): +24.5% - NA(21%): +24% - VFV (53%): +7.90% In the end of december, I need to take out 21% of my portfolio and put it on FHSA to maximize my tax return as I will be buying house in 2025 or 2026. Im torn on what should I sell because I would lose the position. Thanks in advance!

Bazing4baby

Looking for Advice to make TFSA to FHSA moves

/r/CanadianInvestor/comments/1h1xvwb/looking_for_advice_to_make_tfsa_to_fhsa_moves/

1h1yslz

Hello all I have about 10-12% my portfolio is TD. bought an average of about 88. I see it’s staying below 80 for few months now and with the penalties and restricted business in USA, do you guys think long term it will be a good investment? I have RBC as well which did very good. Currently except TD everything in portfolio is green so wondering if I should add more to TD?

xander5891

TD long term good buy?

/r/CanadianInvestor/comments/1h1yslz/td_long_term_good_buy/

1h21fny

As a retired mid 60 year old, would investing a few thousand (about 5k CAD) in VOO or another index fund be recommended? My friend is fine with the risk, minimum 5 years, maximum 10 years to keep the money invested. They don’t need this money before that. They are comparing VOO or other index funds vs GICs with 5%. This 5k can be put into tfsa. Thank you.

Bright-Olive-pie

Retired person invest a few thousand in VOO for 5-10 years

/r/CanadianInvestor/comments/1h21fny/retired_person_invest_a_few_thousand_in_voo_for/

1h21isx

Betanumerus

How I Can Green Up My Investments | It’s not that hard, and there’s a bonus: Portfolios without fossil fuels have generally performed just as well as the broader market.

/r/CanadianInvestor/comments/1h21isx/how_i_can_green_up_my_investments_its_not_that/

1h21zor

Hey all! I'm looking to gain a better understand from a complete ELI5 perspective of how to start investing money in stocks/ETFs. I was hoping to get some suggestions to grab as audio books so that I could listen while at work. I now have a fair (to me) portion of income that I can start putting money in each pay period and so I want to make sure I'm at least somewhat educated with what I'm doing. Any help is greatly appreciated!

NztyNate

What audio book (or book) would you suggest for an absolute noob looking to invest?

/r/CanadianInvestor/comments/1h21zor/what_audio_book_or_book_would_you_suggest_for_an/

1h237ex

Not clear to me.

feldhammer

How do the Canadian ETFs that track, for example, the US sp500 trade today with the US market closed. How do they stay pegged to them despite operating seemingly independently today?

/r/CanadianInvestor/comments/1h237ex/how_do_the_canadian_etfs_that_track_for_example/

1h258yi

Doog5

Amazon strike

/r/CanadianInvestor/comments/1h258yi/amazon_strike/

1h25wsr

Hi, I'm in my first year of trading, and I've been keeping a trading diary on the STONK app. As I prepare my tax records, do you know if the bank trading platform sends me a slip that shows my total gain or is it necessary to report each transaction? Sorry, I'm just trying to figure out the process and what best practices are.

JeanChretieninSpirit

Capital Gains Recording

/r/CanadianInvestor/comments/1h25wsr/capital_gains_recording/

1h263a0

Wife and I are 45ish with well paying jobs making combined mid 6 figures. Wife has a 300k+ RRSP with Nesbitt burns and we have an investor actively managing that and our RESPs for our kids. I have a 45k RRSP with TD in a balanced comfort growth mutual fund. My last contribution was in 2016 and the value at the time was 32k. We've had a mortgage for 10 years come this April and will able to pay off the remaining balance and not renew. We aggressively paid it down rather than invest. Probably not the best idea. But here we are. I want to move 40k of my RRSP to our guy at Nesbitt burns and leaving the rest at TD. I want to moderately gamble with the balance at TD. If I move this to a td easy trade RSP and invest myself in mutual funds and stocks and happen to lose it all, what'll that mean for me on taxes? Can I just claim that loss to offset and move on? Will there be any taxes or penalties or only once I withdraw gains into cash?

damnyewgoogle

What are the tax implications when trading with an RRSP and taking losses?

/r/CanadianInvestor/comments/1h263a0/what_are_the_tax_implications_when_trading_with/

1h26grr

VFV increased 0.25% vs ZSP 1%

newuserincan

Why the difference between ZSP and VFV today

/r/CanadianInvestor/comments/1h26grr/why_the_difference_between_zsp_and_vfv_today/

1h28d1h

I'm a student (in Ontario) and won't start earning a full salary for four more years. Most of my stocks are VFV and VEQT. Should I sell my unregistered account shares in December and rebuy in January to realize my capital gains before I start working full-time? Estimated for 2024: employment income - 16k unrealized capital gains - 10k

Next-Bumblebee-5079

Student Investor - Should I realize gains now?

/r/CanadianInvestor/comments/1h28d1h/student_investor_should_i_realize_gains_now/

1h29m4i

I'm reaching out to this amazing community for help. I’m currently preparing for the CFE exam in May 2025, and I aspire to ace it in one go. However, as much as I’m motivated, I realize the need for guidance and support from someone who has walked this path before. I’m hoping to connect with someone who has cleared the CFE and can mentor me through this journey. Specifically, I would appreciate help with: Strategies for effective study and time management, Guidance on how to approach and solve cases, Reviewing my queries, case solutions, or areas of confusion, Sharing your personal experiences, struggles, and how you overcame them. I completely understand how valuable your time is, and I don’t expect a lot—just your insights at your convenience would mean the world to me. A little about me: I’m a Chartered Accountant (India) and currently residing in Scarborough (Canada). I’m struggling to secure a job in the finance field and believe that excelling in the CFE will not only strengthen my profile but also open up better opportunities in the job market. Thank you so much for taking the time to read this. If you can help or know someone who can, please feel free to comment or DM me.

bibouy

Seeking a Mentor for CFE Exam Preparation (CPA Canada)

/r/CanadianInvestor/comments/1h29m4i/seeking_a_mentor_for_cfe_exam_preparation_cpa/

1h2b1mg

Looking to learn from others’ experiences—what are some of your biggest regrets when it comes to insurance or investment decisions? Whether it’s buying the wrong policy, not investing early enough, choosing a poor investment product, or even sticking with a financial advisor too long, I’d love to hear your stories. What would you have done differently, and what advice would you give to avoid making similar mistakes? Thanks in advance for sharing!

Misternovice-here

What Are Your Biggest Regrets with Insurance or Investment Decisions?

/r/CanadianInvestor/comments/1h2b1mg/what_are_your_biggest_regrets_with_insurance_or/

1h2cov3

I started day trading first time today! Made $250. What Canadian stocks are you guys day trading? Today I did Air Canada AC.TO, Lightspeed Pos LSPD.TO and Suncor SU.TO. Any tips? What time do you trade and at end of day do you buy at the lowest and sell right away at open at the jump? Edit: adding more background here. I’ve been investing since I was 18. I’m 26 now and I have a lot of money put away into ETFs and stocks and holding for a very long time. This day trading is just for fun and to make some money. I use my margin yes. If I can’t sell that stock then I’ll hold onto it and wait for it to go up the interest rate on my margin is 7.50 so $5 a day for what I borrow which I’m fine with. Like if I day trade enbridge if I can’t sell I’ll just keep and hold with my other enbridge stocks and even get dividend TIA

jtran57

What Canadian stock are you day trading?

/r/CanadianInvestor/comments/1h2cov3/what_canadian_stock_are_you_day_trading/

1h2d874

With Trump returning to the presidency and potentially initiating a trade war with Canada, I’m curious how others are preparing their portfolios. Canadian energy stocks could be at risk if tariffs or other trade barriers are introduced. Are you considering selling these stocks to mitigate potential losses? Also, how much of your portfolio are you planning to keep in cash as a hedge against market volatility? I’m personally considering selling Enbridge (ENB) and Canadian Natural Resources (CNQ) in the next couple of weeks.

SanekKrasava

Are You Planning to Sell Canadian Energy Stocks If a Trump Presidency Sparks a Trade War

/r/CanadianInvestor/comments/1h2d874/are_you_planning_to_sell_canadian_energy_stocks/

1h2eexk

I noticed today that VFV just crossed the $20 billion AUM mark. All that canadian money going into american companies What about our poor Canadian companies 😭😭

Affectionate_Ask3839

VFV - First Canadian ETF to reach $20 billion?

/r/CanadianInvestor/comments/1h2eexk/vfv_first_canadian_etf_to_reach_20_billion/

1h2je33

Your daily investment discussion thread. Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D)

OPINION_IS_UNPOPULAR

Daily Discussion Thread for November 29, 2024

/r/CanadianInvestor/comments/1h2je33/daily_discussion_thread_for_november_29_2024/

1h2jxs4

Hello everyone, Regarding the yotta/synapse/evolve situation, could this happen for registered accounts contracted with fintechs like whealthsimple/questrade? From what I understand, the whealthsimple cash account is not directly insured (CDIC but by third parties) and the funds deposited there could very well suffer the same fate, but for investments it is totally different because we own them, protected by direct insurance (CIPF) and in the event of bankruptcy they would be transferred to a buyer, impossible for this to disappear into thin air? Thank you in advance for your answers, have a good weekend !

pompachaleur

Are we well protected?

/r/CanadianInvestor/comments/1h2jxs4/are_we_well_protected/

1h2mbsf

3 use cases : High interest savings ETF, US Treasury bills denoted in US dollars, and a bonds ETF I don't trust ChatGPT on this. Thx

ViniSamples

Are distributions from CASH.TO, SGOV, XCB.TO taxable as dividends or interest

/r/CanadianInvestor/comments/1h2mbsf/are_distributions_from_cashto_sgov_xcbto_taxable/

1h2n8px

noobstockinvestor

Real GDP per capita declines for 6th consecutive quarter, household savings rise

/r/CanadianInvestor/comments/1h2n8px/real_gdp_per_capita_declines_for_6th_consecutive/

1h2nlss

I’m not an economist but I don’t believe it takes a degree to understand we’re getting shafted here. - We currently have ~ $2.3 Trillion of debt How does this help with government deficit spending? If I spend more money than I earn, logically by definition I should be finding strategies to either - A: Increase my revenue - B: Significantly reduce my spending I don’t want to give the government credit by thinking they will do the latter. Obviously they always opt-in for finding ways to either increase taxes or they’ll find new creative ways to tax us. Which tells me this whole thing will have extremely negative repercussions in the future. So my question here is: How does this 2 month GST break help us apart from the fact that it will encourage consumers to spend? EDIT: Sorry guys not trying to turn this into a political thing, not the purpose, I’m just trying to understand how this benefits US.

giveityourall93

2-month GST Holiday, does it make sense to anyone?

/r/CanadianInvestor/comments/1h2nlss/2month_gst_holiday_does_it_make_sense_to_anyone/

1h2nnud

Hello, I'll have to track currency exchange rate on my DRIPS to under my ACB in my brokerage account that holds mostly US$ ? Any of you use a spreadsheet I can find online ? Indie come across the Canada portfolio manager boog post but it didn't cover the example with a different currency.

chloblue

ACB tracking US$ equities

/r/CanadianInvestor/comments/1h2nnud/acb_tracking_us_equities/

1h2qonh

Background: We are renewing our mortgage December 1 and will no longer have the safety net of our HELOC once we switch providers. We are rolling our 6 figure HELOC balance into the new mortgage which also has almost double the rate than our last mortgage. While our payments are about to rocket, the caveat is that I am making significantly more money now (2.5x) than our debt creating situation prior. We have also trimmed out all the excess of our previous way of spending. The bank has given us a $75,000 PLOC that we do not ever intend to use. My wife and I both have the full amounts available in our TFSAs. The plan: I have taken about $60,000 extra on our mortgage to have a rainy day fund so we are essentially paying our mortgage rate, 4.29%, on this. I opened a WealthSimple account and plan to put the total amount into a TFSA at WS. I intend to put the $60,000 into ETFs - $35,000 into CASH.TO and $25,000 into VFV. The logic: I hope we do not need this money and it is an investment. If this holds true then I will eventually move from CASH.TO and either pay down mortgage or switch to another ETF or add to VFV within my TFSA. But if we do need the money, the $35,000 will be generating close to the amount we are borrowing it at and should be plenty of a cushion. The $25,000 in VFV will hopefully be a 3+ year investment so that amount is fair game to put somewhere that may be riskier shorter term but more promising over time. I would love to hear some thoughts from some people with interest in this space.

Longjumping_Steak724

Investment Plan - Opinions Please

/r/CanadianInvestor/comments/1h2qonh/investment_plan_opinions_please/

1h2rn1e

What are the rules around penny stocks in your TFSA and RRSP? I am aware that OTC traded stocks are not eligible for registered accounts, but what if the stock is traded on a major exchange? For reference, the stock I am interested in is GSAT, which is a penny stock only in terms of price, but is traded on the NYSE and there are (fairly strong) rumours of an impending reverse split in Q1 2025 in order to be able to trade on the NASDAQ and attract more institutional investors. I think this is a very prudent move for the business and would like to get in sooner than that if possible. I am more interested in a long term hold, but I have been fortunate enough to be on track to have a TFSA that will be likely to attract attention from the CRA at some point, so I would have a bias towards erring on the side of not doing anything that would put my tax free returns at risk.

Round_Hat_2966

Penny Stocks in Registered Accounts?

/r/CanadianInvestor/comments/1h2rn1e/penny_stocks_in_registered_accounts/

1h2vpxi

Your Weekend investment discussion thread. Want more? Join our new [Discord Chat](https://discord.gg/4Q6mzTWz3D)

OPINION_IS_UNPOPULAR

Weekend Discussion Thread for the Weekend of November 29, 2024

/r/CanadianInvestor/comments/1h2vpxi/weekend_discussion_thread_for_the_weekend_of/

1h2vyc4

High yield through their dividends (13-14%) are enticing in the short term. I am thinking of investing ~80k between the two ETF’s HMAX and UMAX for a period of 6 months. That should return me ~$900 monthly in that period. I’d be buying within my TFSA. I don’t love their payout strategy and would not hold them long term. I’m going to need that cash after the 6 months. The holdings should be stable for that short time. Is there any other way to get those cash returns monthly over a 6 month period? Is this a good strategy or is there something better I should be doing. All insight is appreciated.

HutCoinMan

Should I buy HMAX / UMAX for the short term? 13-14% dividend

/r/CanadianInvestor/comments/1h2vyc4/should_i_buy_hmax_umax_for_the_short_term_1314/

1h2wfor

I’ve been looking into Canadian ETFs and came across ZSP (BMO S&P 500 Index ETF) and VFV (Vanguard S&P 500 Index ETF). Both track the S&P 500, which is appealing to me because I want exposure to the U.S. market, but I’m trying to understand the differences between these two funds in more depth. On the surface, they look very similar: both are Canadian-domiciled ETFs that hold U.S. equities and are traded on the TSX. They both offer exposure to the same underlying index, so their holdings should be nearly identical. However, I noticed a few potential areas where they might differ: **MER (Management Expense Ratio)**: ZSP and VFV have slightly different MERs. Does the lower MER really make a noticeable difference over the long term, or is it more of a "nice to have"? **Tracking Error**: Are there any known differences in how closely these funds track the S&P 500? Are there any instances where one deviated more significantly than the other? **Liquidity and Trading Spreads**: For someone who might not be buying or selling huge quantities, are there noticeable differences in the bid-ask spreads? Do they trade with similar liquidity, or does one tend to have an advantage? **Currency Hedging**: From what I understand, neither of these funds is hedged to CAD. Is there any other nuance to their handling of currency that I should be aware of? **Dividend Treatment**: Both distribute dividends, but does one reinvest them differently or handle U.S. withholding tax in a way that might make it more or less tax-efficient? **Historical Performance**: Have you noticed any meaningful differences in performance between these two over the years? Even if minor, what could explain the difference if the index they track is identical? Lastly, I’d love to hear what you personally use and why. Are there specific scenarios where ZSP might be better than VFV or vice versa? Is it purely a matter of brand loyalty (Vanguard vs. BMO), or are there more practical considerations? I'm also curious about how either fits into a broader portfolio. If you’re holding one of these, are you pairing it with other U.S. exposure like QQQ, or do you lean heavily on Canadian equities like VCN for balance? Any insights, opinions, or anecdotes would be super helpful! Thanks in advance for helping me make sense of these two ETFs.

stanxv

What’s the Difference Between ZSP and VFV? Curious please!!!

/r/CanadianInvestor/comments/1h2wfor/whats_the_difference_between_zsp_and_vfv_curious/

1h2zrs8

Hey there, not sure if this is the correct forum to ask this in. In 2018 my family and I spent $30,000 CAD on subscriptions to a company. We received a receipt stating we were purchasing 166,666 common subscriptions at @ $29,999.80. We then received a "DRS" certificated from computershare stating we have 122,222 common shares with said company. Since 2018 we have just set-it-and-forgotten-it. Fast forward to now, the end of 2024. I log onto computershare for the first time with the DRS and info on the certificate but find the account to only have 12,222 common shares. Not the 122,222 or the 166,666. I've contacted them earlier today (computershare and the company I purchased shares to). Have yet to see what they say. Anyone have any advice? 'Cause clearly there's something wrong. I'll have to contact my bank to see if they can somehow pull the information from 7 years ago (online banking doesn't allow that far back of a transaction). Every receipt I received from this company states a purchase amount of $29,999.80 though. They've also mailed home the certificate twice since 2018 but I'll have to check again where those papers are. Am I just fucked? Or is there something I can do about this? (The total estimated value as of right now with 122,222 shares would be $96,555.38 and $131,666.14 @ 166,666 shares) I'd liek to add that this was and my only time in investing in shares as well.

Lillillillies

emailed certificated of bought shares does not match shares online (Computershare)

/r/CanadianInvestor/comments/1h2zrs8/emailed_certificated_of_bought_shares_does_not/

1h30ab0

To all of you with decades of investing and are FI or close to retirement: Are you doing anything differently with your portfolio due announcement of tariffs, Trump deregulation policies, etc.?

DopeCyclist

Large retirement portfolios and the incoming Trump administration.

/r/CanadianInvestor/comments/1h30ab0/large_retirement_portfolios_and_the_incoming/

1h30at7

stocks-to-crypto

Canadian PM, Justin Trudeau is currently at Palm Beach now on the way to meet with President-elect Trump at Mar-a-Lago to discuss tariffs.

/r/CanadianInvestor/comments/1h30at7/canadian_pm_justin_trudeau_is_currently_at_palm/

1h31b29

I invested in a couple of CDRs with the expecation that I would hold them for 6 to 12 months, they are a very small part of my portfolio relatively speaking. Now I have changed my mind and want to hold one of them for another year and go in long-term on the other. Given the current exchange rate would now be a good time to still hold the CDRs (and purchase more) or should I consider selling and transfering funs to IBKR where I can directly purchase the stocks? I am having a hard time balancing the pros and cons of making the switch right now.

JG98

Thoughts on holding CDRs for the long-term as of right now?

/r/CanadianInvestor/comments/1h31b29/thoughts_on_holding_cdrs_for_the_longterm_as_of/

1h33p5z

I expect there are a few "Loonie Hour" Podcast fans here. The latest episode had some great insights into the Canadian Oil and Gas industry and Trump's tariff threat. https://open.spotify.com/episode/6XOay4nqfjn3a5WgJ4qe2Y

1234username4567

The latest Loonie Hour Podcast - Great insight into Canadian Oil and Gas

/r/CanadianInvestor/comments/1h33p5z/the_latest_loonie_hour_podcast_great_insight_into/

1h33sg2

Ok this is really weird but hear me out. I don't like receiving dividends. Idk why. But I just don't the idea of an investment giving returns on a regular basis, instead I just want the returns to come in the form of price appreciation. I know there are programs like DRIP that automatically reinvest your dividends but listen. Look, I'm on the spectrum, gimme a break. As a result, I prefer buying HXT because it doesn't give any dividends. And that's what I've been buying in my regular accounts. But when it comes to the TFSA, it doesn't really make sense to hold HXT over VCN right? Since all gains are tax free in the TFSA, holding HXT just means more management fees and also dealing with the risk of holding an exotic investment vehicle like HXT. VCN is just safer and less fees in the TFSA. Am I right?

Affectionate_Ask3839

Is there a logical reason to buy HXT over VCN in a TFSA account?

/r/CanadianInvestor/comments/1h33sg2/is_there_a_logical_reason_to_buy_hxt_over_vcn_in/

1h3977k

Best-Maize-2623

Is it bad to hold XIU when trump brings in the traffis?

/r/CanadianInvestor/comments/1h3977k/is_it_bad_to_hold_xiu_when_trump_brings_in_the/

1h3abgx

I am considering holding 70% XEQT, 20% VFV and 10% BRK.B in my TFSA. Does this make any sense? Any insight or advice is welcome, I want to know what you all think.

CanadianAbroad7

TFSA ETF split

/r/CanadianInvestor/comments/1h3abgx/tfsa_etf_split/

1h3g0d2

I'm a single parent and would like to start building a future for myself and my daughter (15 months) I was hoping I could start with small increments ($25 every two weeks). Is this even a possibility? I know it won't generate a lot on its own right away. But I plan to reinvest the returns as well.

AtmosphereNarrow8489

Looking to start.

/r/CanadianInvestor/comments/1h3g0d2/looking_to_start/

1h3m3lw

I need some help, over the last few years I had serious health problems including having a half a dozen surgeries , hundreds of procedures and much more because of this my head wasn’t really focused on investing and now that I’m in my late 30’s I need to make sure I’m invested better. I have just over 250k cash on hand in a high interest savings account , what I want to do is max out my TFSA and put it all in XEQT, also I now have a Registered disability savings plan which is also tax free that I can put max contributions of 200k over a lifetime along with getting some grants and bonds from the government for investing. Should I put the rest of that 150k in XEQT in my RDSP ? I’m also thinking about putting some in XEG because both Trump and PP will be supporting the energy sector. Also should I wait at all to put in that much money or do it right away? Thank You!

ectopicthunder

XEG ETF and XEQT ETF

/r/CanadianInvestor/comments/1h3m3lw/xeg_etf_and_xeqt_etf/

1h3mypj

usualcarpet500

Why did ZSP go down when VFV went up Friday?

/r/CanadianInvestor/comments/1h3mypj/why_did_zsp_go_down_when_vfv_went_up_friday/

1h3usbj

I only started investing last year and went the very safe route of investing in GICs only. A few of my GICs are reaching maturity in the next week and I have already requested the funds go back into my account until I decide what I want to do next. I am considering investing in some ETFs (or other options if people think there is a better route to take) since the GIC rates are dropping. I have 16-31k I will be able to invest, 15k of that amount is currently in a cashable GIC which I am considering keeping so I have funds on hand for an emergency, the rest of my money is still locked in GICs so I can't do anything with it yet. I have a lower risk tolerance since I am on a single income and saving to hopefully buy a place in the next 5ish years. Hoping these investments can help me reach this goal sooner. Any advice or insights would be greatly appreciated, I am new to this and looking to learn! TLDR: I am a new investor looking to invest 16-31k in an ETF or other recommended investments, any suggestions? 15k of that amount may be put into a cashable GIC for emergencies instead.

jmuneyyy

ETFs worth investing into?

/r/CanadianInvestor/comments/1h3usbj/etfs_worth_investing_into/

1h3witp

If so, this would drop the price per share correct?

CanadianAbroad7

Will ASTS have to dilute again?

/r/CanadianInvestor/comments/1h3witp/will_asts_have_to_dilute_again/

1h3y64q

Hi! I’d like to buy a stock for my nibling for Christmas, how can I do this? They are of age (eg. age-wise, eligible to open TFSA, and have a job so they pay and file taxes). Looking to use this to get them at least interested in investing. Would probably buy VEQT to keep it simple. Is this possible? Don’t want to just give them money to buy it themselves…. TIA!

vnscarrie

Stocks for Christmas?

/r/CanadianInvestor/comments/1h3y64q/stocks_for_christmas/

1h3za62

lifetime_learning

Best BYOD plans for Black Friday in Ontario and why?

/r/CanadianInvestor/comments/1h3za62/best_byod_plans_for_black_friday_in_ontario_and/

1h40xbu

Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: * Financial goals and investment time horizon. * Commentary on the reasoning behind your current and desired allocation. The more information you can provide, the better answers you'll get! Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). --- Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote.

OPINION_IS_UNPOPULAR

Rate My Portfolio Megathread for December 2024

/r/CanadianInvestor/comments/1h40xbu/rate_my_portfolio_megathread_for_december_2024/

1h4488v

Im not pressed for money, I know I would be hit hard with taxes on it but I dont really care for Crypto anymore

escargott

I have 3 ETH that I mined from 2020-2021. Should I just sell them and invest it?

/r/CanadianInvestor/comments/1h4488v/i_have_3_eth_that_i_mined_from_20202021_should_i/

1h49lcj

Just genuinely curious as I haven’t been able to find any good calculators online yet.. IF: Invested 30k into VFV since inception I think November 9,2012. With a monthly contribution of 3000$/month. How much would that account be worth today?!

AdSad1846

VFV invested since Inception?

/r/CanadianInvestor/comments/1h49lcj/vfv_invested_since_inception/

1h4acrl

I’m 28m very new to investing. I have 12k in a tfsa not invested in anything as of yet, I have put $1000 into VGRO already. I have a budget of between 700-1000$ a month to put into investments. What would you do if you were me? Thanks in advance from a beginner

Brandnewlions

Portfolio advice

/r/CanadianInvestor/comments/1h4acrl/portfolio_advice/

1h4b9xx

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OPINION_IS_UNPOPULAR

Overnight Discussion Thread to Kick Off the Week of December 01, 2024

/r/CanadianInvestor/comments/1h4b9xx/overnight_discussion_thread_to_kick_off_the_week/

1h4bdjl

Hey! I'm on Questrade with RRSP TFSA RESP, and I've recently opened a TFSA RRSP on IBKR. I've an RRSP with Canadalife, an RPP at manulife and a LIRA at Sunlife from previous employers. I've checked with manulife and sunlife, and I can transfer them out to LRSP and LIRA. So what do I do here, go with DISNAT or NBDB for LIRA LRSP RESP? I really like the mutual fund I'm using for RESP, which is offered at NBDB, but not DISNAT. So I'm leaning towards NBDB for RESP LRSP and LIRA. I really want to take advantage of dollar cost average when buying funds in RESP, and I think I'll get $0 commission on NBDB. Is there a catch here? As for RRSP from CanadaLife and Questrade (and TFSA), should I bite the bullet and pay the fee and get the stuff transferred to IBKR? Is there a way to avoid this? Any better suggestions are welcome! (Reason for me to quit Questrade is their insane commissions and no fractional shares)

Due_Acanthaceae_9601

Need help with choosing brokers and transferring

/r/CanadianInvestor/comments/1h4bdjl/need_help_with_choosing_brokers_and_transferring/

1h4c1op

As it appears there is a significant chance that Trump will go ahead with 25% tariffs on Canadian exports to the USA, what are peoples thoughts as to how to position their investment portfolios to mitigate some of the risk? I presume that Canadian equity is at greater risk of a more significant downturn as compared to US equity. Would it be wise to rebalance one's portfolio towards a higher US equity weighting as compared to Canadian equity? Should those who are more risk adverse (for example close to retirement) consider increasing the fixed income portion of their portfolio?

KrazyKatDogLady

25% US Tariffs effect on Canadian and US stock markets - how to position?

/r/CanadianInvestor/comments/1h4c1op/25_us_tariffs_effect_on_canadian_and_us_stock/

1h4d765

I’ve been with BMO for over 20 years. About 5-7 years ago I transferred a bunch of money I inherited in from another BMO account. At the time there were a bunch of incentives for new deposits and Investorline accounts. BMO denied me the incentives at the time because the money was transferred in from another BMO account. I was busy with work/life and just let it go at the time but it’s always rubbed me the wrong way. Now Wealth simple is offering some pretty sweet incentives for me to join them. Has anyone else recently made the switch, or thinking about it? Are there any red flags surrounding wealth simple? Are the research tools BMO provides worth staying for? Looking for some feedback. Thanks.

Iauger

Thinking of switching from BMO to Wealthsimple

/r/CanadianInvestor/comments/1h4d765/thinking_of_switching_from_bmo_to_wealthsimple/

1h4hs23

Anybody has experience buying MNT? From what I understand it’s the best way to buy gold on the market? Is there better options out there?

lottacash

Royal mint ETR?

/r/CanadianInvestor/comments/1h4hs23/royal_mint_etr/

1h4jvzt

Honestly looking to prioritize cash flow over everything else — looking for Canadian equivalents, or ways to invest in these sorts of ETFs as a Canadian without incurring huge tax burdens and the like SPYI, XDTE, QDTE, QQQI, BTCI. None of these have growth, and in fact appear to somewhat cannablize their own assets over time // yet have very high dividend yields & are attractive to me for this reason. I’ve noticed something like YTSL, which I think I’m going to throw a little money at, but wondering if you guys have any options.

Traditional-Film-724

Aggressively High Dividends

/r/CanadianInvestor/comments/1h4jvzt/aggressively_high_dividends/

1h4jw1h

Honestly looking to prioritize cash flow over everything else — looking for Canadian equivalents, or ways to invest in these sorts of ETFs as a Canadian without incurring huge tax burdens and the like SPYI, XDTE, QDTE, QQQI, BTCI. None of these have growth, and in fact appear to somewhat cannablize their own assets over time // yet have very high dividend yields & are attractive to me for this reason. I’ve noticed something like YTSL, which I think I’m going to throw a little money at, but wondering if you guys have any options.

Traditional-Film-724

Aggressively High Dividends

/r/CanadianInvestor/comments/1h4jw1h/aggressively_high_dividends/

1h4ntjo

Hello, on Nov 28th I placed a US stock order in which it converted my CAD to USD. The order went through on Nov 29th and I just now realized that there is a negative cash balance of -$50 on my TFSA? Has anyone experienced this and what should I do? Will it continue to go down if the stocks go down, or I get charged? I just transferred about $100 to try and cover the negative balance but it probably won't clear until tomorrow, hopefully.. Any insight would be helpful, thank you!

Jiinbee

Negative cash balance in RBC DI?

/r/CanadianInvestor/comments/1h4ntjo/negative_cash_balance_in_rbc_di/

1h4sgfw

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OPINION_IS_UNPOPULAR

Daily Discussion Thread for December 02, 2024

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/

1h4u14v

Hey r/CanadianInvestor I'm looking at loaning about ~$100k to my corporation so that it can use the funds to expand the business. Searching for how this would work has been difficult as most want to pull money out :) My question is what rate would the loan be at? Prime? Something I decide? Thanks!

lifting_on_days

Loaning money to a corporation rate

/r/CanadianInvestor/comments/1h4u14v/loaning_money_to_a_corporation_rate/

1h4uvut

Is it wise with our dollar so weak at the moment to purchase SCHD in the states? I’d like to have some USD dividends as it is far superior than our dollar.

tommytomtom901

SCHD

/r/CanadianInvestor/comments/1h4uvut/schd/

1h4yc46

Let's end the postal monopoly The choice of a new president for Canada Post Corp., expected shortly, should offer an indication of the course the government intends to follow in tackling the problems of our postal service. Two possibilities are there. One is to keep the present system, but try to make it work better. Another is to change the system. The recent report of the private sector review committee on Canada Post Corp., headed by Traders Group Chairman Alan Marchment, outlines the enormous difficulties involved in keeping the existing setup going. "The problems facing Canada Post are massIve, if not unsolvable," it warns: chronic deficits, “poisonous" labor-management relations, absenteeism three times the national average, inflated wages, restrictive work practices, and always, always the desperately poor service. Various attempts at piecemeal reform have done little to improve matters. Yet the Marchment committee's solution is essentially more tinkering: more labor-management consultation, a restructuring of the board of direc-tors, etc. Only if the post office does not substantially improve its performance within five years does the committee contemplate removal of its monopoly in letter delivery and/or privatization. Why wait five years? Why the presumption in favor of monopoly? Why should competition be an option only of last resort? The committee's vision is too narrow. One way to improve service would be to abolish the offense, which can even lead to a prison sentence, of carrying a letter for a price less than three times the prevailing postal rate. The Marchment committee argues that this would allow private operators "cream off" profitable routes, leaving the post office the dregs. But competition - coupled with improved management within the post office —would do wonders for postal service. To make sure that the allegedly unprofitable areas of the country still get proper service it may be necessary to provide some subsidies to private operators, who should be selected by competitive bidding. Such assistance would have to be closely monitored and may not need to be maintained indefinitely. It may be politically unpalatable for the government to privatize the whole postal service in one fell swoop. But surely it can bring itself to end the postal monopoly. SOURCE Financial Post, December 7, 1985.

thediaryofajerseycow

“Let’s End the Postal Monopoly” (Financial Post, Dec 7, 1986)

/r/CanadianInvestor/comments/1h4yc46/lets_end_the_postal_monopoly_financial_post_dec_7/

1h4z5nc

Good morning all, sorry for the bother here but I'm struggling to find a straight answer. I have been investing into my TFSA through wealthsimple for the last year or so and have recently learned it would be wise to switch to an RESP instead to take advantage of the government contributions. I really like the set up I have with wealthsimple as everything deposits/buys every two weeks with my paycheque. I also love that I'm only paying the fees of my chosen ETFs I went to open up an RESP with wealthsimple and saw that I only have the option of using a "managed" account which, of course, comes with a fee. Can any of you recommend a different platform where I can open up a self directed RESP similar to what I have with my TFSA through wealthsimple? Thanks in advance!

CinnamonBits2

Self Directed RESP for the kids

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/

1h5163q

Hi everyone, I am throwing 37k into a US ETF (SPUS). Is it worth it to get the usd account to avoid the conversion fee (however I pay $10 a month), or to simply pay the fee? I am NOT planning on selling for 5-10 years.

6cupsoftea

Wealthsimple USD account vs conversion fee

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/

1h573s7

Hey all, I’m a 44yo who has always trusted others to look after my retirement fund. Currently my LIRA and RRSPs are invested in Fidelity Insights Class A which has 2.5% fees which is high but returns have been great so I’ve turned a blind eye. Been invested here since about 2018 I think and have accumulated 300k here plus another 130k with my current employer which is managed by Sunlife. https://www.fidelity.ca/en/products/funds/ugg/?series=A I’m considering moving away from an actively managed fund (and my broker who I’ve had no issues with) and into an ETF like Vanguards VOO or VFV which would lower fees to like .08% iirc. I am beyond a novice with this stuff, but can I move my LIRA into an account like Desjardins’s DISNAT? Where I can manage this LIRA plus current and future RRSPs contributions myself? Can anyone point to a great resource for me to learn at least the basics cause I’m feeling overwhelmed ATM. This SubR is great but confusing sometimes lol. Cheers

Vince-in-Montreal

Looking to manage my own LIRA

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/

1h5767e

I work in tech and was thinking of doubling down on the top tech companies and was really impressed at how focused the MAGS ETF is. I couldn't find a similar ETF in Canada. Settled for TEC instead. Anyone knows why we don't have a MAGS-like ETF in Canada?

thedigitalmonkey

Why isn't there an ETF like MAGS on TSX?

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/

1h5a9ot

I own 50% of a restaurant franchise location. My business partner wants to sell me his 25% shares out of total 50%. This has been in operation for 7 years and has had very predictable sales and profits. I am the one managing it from day one He is asking for 5 years net profit. To me it seems high but I have no idea. Whats a reasonable multiple for food business ?

oppositeset7

Help me Evaluate my business

/r/CanadianInvestor/comments/1h5a9ot/help_me_evaluate_my_business/

1h5c738

For the last two weeks, all content related to this bank has been how the main system has malfunctioned beyond what is considered to be remotely functional. Needless to say this hasn’t hurt their financial stock price cause it just keeps going up! Its yield is 5.3% versus 5.15% with TD. I see the failure of the online scotiabank system as something that should be factored into the price. Thoughts on this would be more than welcomed!

OkJuggernaut7127

Scotiabank has been having an epic meltdown recently. So why the growing stock price?

/r/CanadianInvestor/comments/1h5c738/scotiabank_has_been_having_an_epic_meltdown/

1h5gixi

I thought being invested in the main logistical side of our business economy, but with the yield and rather spikey movements historically speaking, are we just better off investing into an index or etf? The yield sucks. I feel like our giants are better off being purchased in etfs like XIU/XIC or XEQT etc. should I hold on to these?

OkJuggernaut7127

I own both CNR and PC. Is there any point?

/r/CanadianInvestor/comments/1h5gixi/i_own_both_cnr_and_pc_is_there_any_point/

1h5iffw

I know we cannot day trade in the account however since selling covered calls is allowed, would selling monthly be acceptable for the CRA or perhaps even Bi-weekly?

Shughost7

Selling CC in your TFSA.

/r/CanadianInvestor/comments/1h5iffw/selling_cc_in_your_tfsa/

1h5jja0

Is the cash bonus earned on the amount transfered taxable? Say Im transferring tfsa 500k, rsp 200k, non reg 100k

CanChance9402

1% Cash bonus @WS - Taxable?

/r/CanadianInvestor/comments/1h5jja0/1_cash_bonus_ws_taxable/

1h5kuf1

Not that I'm complaining but my VDY dividend was supposed to be just under $2000 but I received over $2300. Can someone explain why and did this happen to anyone else? Thanks in advance!

aretheybacktogether

Vdy dividend

/r/CanadianInvestor/comments/1h5kuf1/vdy_dividend/

1h5kwmx

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OPINION_IS_UNPOPULAR

Daily Discussion Thread for December 03, 2024

/r/CanadianInvestor/comments/1h5kwmx/daily_discussion_thread_for_december_03_2024/

1h5mpcy

iliketodrinkpaint

Scotiabank reports higher fourth-quarter profit, misses expectations

/r/CanadianInvestor/comments/1h5mpcy/scotiabank_reports_higher_fourthquarter_profit/

1h5mue6

I want to start investing in Canadian ETFs, so wanted to gather some perspective. I came across this [article](https://wealthawesome.com/best-all-in-one-etf-canada/) about the best all-in-one ETFs in Canada. It mentioned some great options for different risk levels, low fees, and built-in diversification. For those of you already investing in ETFs: • Do you use an all-in-one ETF or prefer building a custom portfolio? • Any favorites you’d recommend for a beginner looking for simplicity?

veskobar

Best All-in-One ETF in Canada?

/r/CanadianInvestor/comments/1h5mue6/best_allinone_etf_in_canada/

1h5rml1

Wish me luck, Teck is the largest producer of Germanium in North America, and a minor producer of Antimony. There focus is on Copper and Zinc but I couldn't find a more specialized Germanium/Antimony producer in Canada. [https://www.wvua23.com/china-bans-exports-to-us-of-gallium-germanium-antimony-in-response-to-chip-sanctions/](https://www.wvua23.com/china-bans-exports-to-us-of-gallium-germanium-antimony-in-response-to-chip-sanctions/)

Ok_Currency_617

Just bought Teck as they produce Germanium and Antimony which China banned export of

/r/CanadianInvestor/comments/1h5rml1/just_bought_teck_as_they_produce_germanium_and/

1h5xvbb

What is the difference between QQC, QQCC, QQCL, QQCF, QQCE, QQCI, HXQ and your reasoning behind which is best to invest in? Currently I recently only invested in QQCL as the covered call Nasdaq 100 but not sure if I should be investing in the other ones above. Any help would be greatly appreciated. 🙏🏽

Beautiful-Dingo222

For us Canadians wanting to invest in the Nasdaq 100, which ETF is “best, and better than the rest” and the reason why?

/r/CanadianInvestor/comments/1h5xvbb/for_us_canadians_wanting_to_invest_in_the_nasdaq/

1h5y3k5

Does anyone here have a significant sum across multiple types of accounts with WS? How has your experience been?

DopeCyclist

Wealthsimple Generation level plus

/r/CanadianInvestor/comments/1h5y3k5/wealthsimple_generation_level_plus/

1h5zat0

If I have a dividend stock in a FHSA, will the dividends be subject to withholding tax? Edit: Nevermind I got my answer. Edit: Oh sorry I posted a question. I forgot how people are so intolerant in here they had to downvote posts just to feel alive. 👻

Betanumerus

USD dividends in a FHSA

/r/CanadianInvestor/comments/1h5zat0/usd_dividends_in_a_fhsa/

1h62mn6

Good evening folks, I'm a beginner investor ( 30 years old ) never really invested before and always had trouble with money management. I opened a wealthsimple TFSA account and did tons of research about which stocks to pick before investing.. my overall goal is long-term capital gains. Here is a break-down of what I'm planning on investing in, what does everyone think? TFSA : 50% USA exposure - $ZSP 25% Canadian exposure - $XIU 25% Internantional - $XAW FHSA : 50% - $XEQT 50% - $ZSP RRSP : 100% - XEQT

ScaredNoise1246

Beginner Investor

/r/CanadianInvestor/comments/1h62mn6/beginner_investor/

1h688kq

For example looking at CNQ which both trades on TSE and NYSE, if 1 USD would be 0.5 CAD how would it affect the stock price? Would we see something like CNQ.tse 50$ and CNQ.nyse 100$ or is there completely no correlation?

Shughost7

Are canadian based business trading on the Canadian and US stock market affected by Canadian dollar strength?

/r/CanadianInvestor/comments/1h688kq/are_canadian_based_business_trading_on_the/

1h68c5s

Hey all - wondering if there are any recommendations for the above…. TD doesn’t carry CASH.to. I’ve used some Td specific ones about 18 months back that paid about 4.5%, but wondering if there was something better. thanks!

Train_of_flesh

TD Waterhouse - high interest etf’s recommendation?

/r/CanadianInvestor/comments/1h68c5s/td_waterhouse_high_interest_etfs_recommendation/

1h69dg8

I'm 18, just opened a TFSA and have about $150 in my portfolio with another 4k available sitting in my checking account. I'm not sure what stocks I should buy (not sure if i should try short term or long term investments. if you could give me an idea on what I should buy or how to identify good stocks it would be much appreciated, thanks

Videogamegrinder

Just turned 18 looking to start investing

/r/CanadianInvestor/comments/1h69dg8/just_turned_18_looking_to_start_investing/

1h6a9uf

Long story short, I need to transfer around $1.5 million worth of stocks from my current bank to RBC. Reason for the transfer is my current broker is really, really, really bad. I’m not satisfied at all with them. (I won’t get into details for privacy reasons) As someone that heavily deals with options, something as little as 2 weeks without having access to my funds can and WILL cause devastating loss of millions of dollars. I’m wondering two things: \- How long will it take for RBC Direct Investing to successfully transfer my stocks and let me start trading (considering this is a brand new account and I’ve never had an account with RBC before, whether its investing or a normal account) ? I’ve heard it should be 7 business days. If true, this would be fine, but this is really the max I could afford to wait. \- Considering this is a large “in kind” transfer of $1.5m worth of stocks on a brand new account, would this trigger any flags on my account that would make RBC freeze it for any reason ? I know banks are notorious for being outrageous and freezing accounts for no reason. Normally this isn’t a big deal, but when you’re trading options in the 7 figures, it becomes a very big deal very quickly. I also know this isn’t a regular deposit but rather an “in kind” transfer. So this is why I’m wondering if things are different here. Is there anything specific I should ask the RBC branch in regards to this ? Please advise.

JulianGray432

Large stock transfer ($1.5m) to RBC Direct Investing

/r/CanadianInvestor/comments/1h6a9uf/large_stock_transfer_15m_to_rbc_direct_investing/

1h6dg9p

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OPINION_IS_UNPOPULAR

Daily Discussion Thread for December 04, 2024

/r/CanadianInvestor/comments/1h6dg9p/daily_discussion_thread_for_december_04_2024/

1h6dpvs

Tobeornottobe2021

A very nice dividend increase announced by RBC

/r/CanadianInvestor/comments/1h6dpvs/a_very_nice_dividend_increase_announced_by_rbc/

1h6dy8x

With Yotta bank, its parent company went bankrupt and even though peoples' funds WERE in FDIC-insured banks, there was no way for customers to access their funds because the middle-man (Yotta) was bankrupt. Isn't this technically possible with WealthSimple? I'm not asking for the likelihood of it happening. There's plenty of HUGE corporations over history that went under. I'm asking about if it's "technically" legal wise not as secure as having it at a bank that IS CDIC-insured directly. In which case, would I not be better off storing my 10-20K emergency fund in a CDIC-insured bank directly rather than in WealthSimple Cash?

the_evil_intp

Is WealthSimple Cash Secure for parking cash, considering what happened to Yotta and how it was a "middle-man" between users and "FDIC-insured" banks?

/r/CanadianInvestor/comments/1h6dy8x/is_wealthsimple_cash_secure_for_parking_cash/

1h6enmt

newnews10

RBC beats expectations as revenue, income climb

/r/CanadianInvestor/comments/1h6enmt/rbc_beats_expectations_as_revenue_income_climb/

1h6erkt

Airbusa3

RBC beats expectations as profit climbs

/r/CanadianInvestor/comments/1h6erkt/rbc_beats_expectations_as_profit_climbs/

1h6hqtr

Or, would I be better off keeping 6-12 months of investments? For context, my costs to live alone comfortably for a year are 35K/year.

the_evil_intp

Let's say that my quarterly dividend from investments is at least like 5K+/quarter and is relatively easy to access, would I be better off just keeping like 4 months worth of emergency funds and investing the rest?

/r/CanadianInvestor/comments/1h6hqtr/lets_say_that_my_quarterly_dividend_from/

1h6i563

I type this as I feel stressed that I don’t know much about finances and investing. I invested in some stocks and TD ETFs from 2020-2022 from family recommendations. But then life got so busy that I pretty much stopped looking into it further. Now I’m trying to take back control. I have $24k in TFSA, and 16K in FHSA that I have not invested it at all. - Any long term stocks or ETFs you would recommend I buy? - Is it even worth it to buy US stocks with CAD and with this little money? If so which platform offers the lowest fees to buy US stocks?

splitbrain15

Help a late 20s financial noob

/r/CanadianInvestor/comments/1h6i563/help_a_late_20s_financial_noob/

1h6j9x3

may not have the cash this year to max my tfsa. does it make sense to sell a stock from my non registered account to switch into tfsa?

sillywalkr

sell non registered stocks to put in TFSA?

/r/CanadianInvestor/comments/1h6j9x3/sell_non_registered_stocks_to_put_in_tfsa/

1h6jjqk

I hold XEQT in my non-reg and TFSA. I plan to sell 7k worth from my non-reg(for a gain) on the Dec 30th, and rebuy on Jan 2nd in my TFSA. Is there any more efficient way to do this?

GhoulTinzal

Moving index fund from non-reg to TFSA

/r/CanadianInvestor/comments/1h6jjqk/moving_index_fund_from_nonreg_to_tfsa/

1h6jvuh

I’m 30 and just starting to learn how to invest, and it seems like we’re in a bull market. Too often, I see the same advice: ‘Just buy XEQT.’ It almost feels too easy—easy to say when everything’s going up. I’m not looking for advice on what funds to buy. I’m hoping to hear some nuggets of wisdom from more experienced investors and spark a discussion. What’s the best way to prepare for the inevitable downturn?

tandtroll

What advice would you give to someone just starting to invest in a bull market?

/r/CanadianInvestor/comments/1h6jvuh/what_advice_would_you_give_to_someone_just/

1h6jxqw

Hello everyone, I recently got reached out by someone from Linkedin, from a Wealth Management company. Here is their website [https://armandowealth.ca/](https://armandowealth.ca/) It seems like is a very small company, and I do not know how I can tell if they are legit, or even good at what they do. I think they reached out in LinkedIn because of the company and title I work for so they think I am a target client. My networth is just a bit over 1M, includes tfsa rrsp and investment property and stock accounts. (Not include primary resident). And I am a T4 worker so I dont think they can do much about tax planning for my income, probably some for my investment and mortgage. If it worth it to pay for private wealth management is a different story (probably not with my current networth but i am still growing it and I am in my mid-30s) My core concern is how do I know if they are good at what they do without giving them money and just let it happen? By looking at their team's LinkedIn, I don't see any fancy background, while I do not know if any higher education is required/preferred in this line of business, none of them have a actual university degree or master's. Any advice?

Beginning-Cost8457

How do I tell if a Wealth Management company is legit and capable?

/r/CanadianInvestor/comments/1h6jxqw/how_do_i_tell_if_a_wealth_management_company_is/

1h6kt1o

I have been using Eseries for years. TDB902 primarily. Considering Switching to VFV or VOO. If VOO will need to convert to USD using Norbitts. Thoughts on this? Esp with the poor CAN$ this might not be the best time to do this.

cityhunterspeee

Thoughts on Converting TDB902 to VFV or even VOO in RRSP?

/r/CanadianInvestor/comments/1h6kt1o/thoughts_on_converting_tdb902_to_vfv_or_even_voo/

1h6levc

First of all, I am a true believer in a longterm DCA approach into low cost Index Funds, especially any funds that recreate the holdings / performance of the S&P 500. (VFV for Canadians) My concern today is that the Forex risk is substantial, with the loonie approaching a 20 year low. Sure, the loonie is facing some serious headwinds against the US dollar, but ultimately is likely to find some support and reverse the trend in time (see conservative federal govt). Despite my belief in the performance of American equities, I have largely made non-equity investments over the past decade. However I’m currently expecting a large influx of investment capital that I would like to allocate to equities. I believe that those who have been DCAing into VFV over the course of the past number of years have the forex risk built in to their current returns. As recently as May 2021, the Loonie was worth 83c USD. This leads me to a 2 part philosophy regarding VFV investment - those who have DCA’d should hold on tight and stick it out. However, those who are making a lump sum investment today would benefit from some diversification outside of CAD/USD denominated investments. Agree or disagree? If you agree, what other products would you be looking at for long-term growth without the forex risk? (VSP not being an ideal alternative due to hedging inefficiencies) Edit: What I didn’t say above which is a key element to this, is that I maintain my belief in the continued outperformance of American equities (S&P). Whereas I don’t care to also be betting on the non-performance or stagnation of the Loonie in addition to that. If the Loonie was trading “mid-band”.. It would be reasonable to expect a future exit to be not tremendously affected by the forex.

dcutcliffe

Forex Risk & VFV

/r/CanadianInvestor/comments/1h6levc/forex_risk_vfv/

1h6lq97

I'm a VEQT guy. All-in-one ETF is all you need and all the research prooves it. Active management doesn't work in the long run (Buffet won [a million dollars](https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp) with that). Yet, I'm adding a bit more exposure to US markets. Why? Because of geopolitics: * Trump will be president of the US in less than 2 months. * We know he wants to put the US economy first. * We know all his friends are wealthy and most of them billionaires who are also likely investing a lot of their money into the markets. * We know he pays attention to his reputation and what he looks like (tough, efficient, results, etc.). * We know he won't care about diplomatic decisions, he will focus on his country. * I'm totally convinced that the economy won't go well (tariffs, immigration, etc.), and people will struggle (social programs, even school lunches will stop), but the markets will fair because of deregulations and the idea that Trump and his friends are in total control and the last thing they want to see is to see the markets tank when Biden did so well (he would hate that, too much ego). * And if things don't go so well (many decisions would definitely tank the economy), I'm sure he will change his opinion and pretend it was the plan. He does that all the time. I know what people will say, that everything is priced in, that historically, the economy does worse under a republican president (I read those papers), but this is Trump. It's not like any other president. It's Trump with all the power he needs. And Europe isn't doing well. And China needs to boost its economy, and Russia will probably get closer to the US under Trump's presidency, etc. There are many deals to make. And Trump can be persuasive becvause people think he is capable of snapping and make you pay if you make him upset. It's all about intuition (probably based on my background in sociology, psychology and conflict resolution), but I'm willing to add a bit more US stock. We'll see how it goes in the next 4/6 months).

Ghune

I've been 100% VEQT for many years, I'm thinking about adding a bit more US stocks.

/r/CanadianInvestor/comments/1h6lq97/ive_been_100_veqt_for_many_years_im_thinking/

1h6m4ka

I'm assuming the 200K+ net worth is in an index fund in a brokerage account like wealth simple. The index fund can be sold and settled and transferred to a bank account/cash account within a month tops. If there's no emergency for years, that 20K could end up being like 15K capital gains. On the other hand, even with 4% interested a year as an emergency fund, it's getting taxed half for me anyways. In that case, couldn't I just get a secured line of credit in the meantime of selling off capital gains equivalent to the amount I used in my secured line of credit so I pay minimal interest and also can keep growing my investments? For example, let's say I have a 20K emergency fund and said emergency only requires me to spend 10K. With the 15K capital gains I made from keeping it invested, I can sell it, use the secured line of credit for immediate expenditures, pay off the line of credit once selling my 15K in stock is settled, then pay off the line of credit, and recognize that I'll need to pay whatever like 25% tax on the capital gains the following tax year.

the_evil_intp

If you have a net worth over 200K, is it better to have a 20K emergency fund in cash or just have a 20K secured line of credit just in case and invest that money instead in the market?

/r/CanadianInvestor/comments/1h6m4ka/if_you_have_a_net_worth_over_200k_is_it_better_to/

1h6rvlc

ProfessionalTrip0

Dollarama expedites growth plan to 2,200 stores by 2034

/r/CanadianInvestor/comments/1h6rvlc/dollarama_expedites_growth_plan_to_2200_stores_by/

1h6uwvi

I have all my savings in USD using TD bank and recently bought some BTCC (Purpose Bitcoin ETF) but I got killed on the exchange fees. My investment went up 2% and I barely broke even with a $10,000 investment. Are there any Bitcoin ETFs in Canada that are offered in USD on other platforms. I understand I can purchase real bitcoin on an exchange but that’s not what I want for my portfolio purposes. Edit: a comment suggested BTCC.U which I had seen had the US$ but also the Canadian flag next to the ticker symbol on my TD platform so I wasn’t sure. I just started using TD’s platform and thought the flag represents the currency the instrument is in. Thanks for the help!

GKwave12

Best options for buying Bitcoin ETF using USD

/r/CanadianInvestor/comments/1h6uwvi/best_options_for_buying_bitcoin_etf_using_usd/

1h6vjal

It’s yielding like half of one percentage point annually. Even per share its 4/10ths of a cent per share per month. Brokerage high interest accounts are around 4%, has this fund become trash?

Yanagapa

What’s the deal with TDB909 lately?

/r/CanadianInvestor/comments/1h6vjal/whats_the_deal_with_tdb909_lately/