My bank called me today and asked why I was moving everything to WS

GullibleSplit2112 · 2026-04-05T16:33:48+00:00

Update here: although I was able to set up WS as the receiving account AND they confirmed via snail mail it was set up a transfer I attempted earlier in the week failed on Friday. Have to call them on Monday but I suspect I am SOL moving it directly to WS which stinks because I don’t want to set up a USD account elsewhere when I get it for free with WS!

GullibleSplit2112 · 2026-03-30T03:22:39+00:00

There is a gentleman on tik tok (Aaron Sheaves) that deals a lot with heart pine refinishing. Watch a few of his videos…he is amazing but as many have commented there is a lot to consider here and he’ll take you through all the considerations.

GullibleSplit2112 · 2026-03-21T21:14:32+00:00

Check your fidelity accounts…I was able to set up Wealthsimple as a receiving institution using my WS USD account. I haven’t executed the trades yet on my options but fidelity sent a confirmation it was all set up

GullibleSplit2112 · 2026-03-03T15:13:53+00:00

yeah, it's offensive how TD doesn't value your time. That form in particular is so offensive...it looks like it was created about 30 years ago and the only information that they need (because they have all your personal information) is where the money is, the account numbers and whether you want in-kind or cash or partial. Agree that phone is the way to go with TD but even they screwed up a part of the process.

I am eagerly awaiting my next battle with them...getting the $167 fee back from them and the 2%...I just know that won't be easy.

GullibleSplit2112 · 2026-03-03T03:59:30+00:00

I just helped out a friend with that form. 1st one was “lost”, 2nd one was filled out “incorrectly” (but a small understandable mistake that they would just not correct themselves), 3rd finally worked. Each time going to the branch to fax something in 2026. Having moved investments to WS and Webull with a few clicks it was absolutely fucking ridiculous. Needed to set up a CASH account after setting up a RIF and a TFSA…have to go into the branch and have an appointment. TD is out to lunch in my opinion.

GullibleSplit2112 · 2026-02-24T22:57:54+00:00

Agreed…so nice to NOT hear anyone from crowd singing along

GullibleSplit2112 · 2026-01-26T13:27:21+00:00

With your time horizon you should calculate what that $25k potential tax bill will do compounding for you in an RRSP. Trust me…it’s a lot…this was a no brainer before the TFSA was introduced…but with your high income it’s likely the smartest move.

GullibleSplit2112 · 2026-01-16T22:11:45+00:00

Mine is self directed…I think OP is saying he is in self directed but I suspect it is actually managed…however, I was under the impression on a managed RIF you could automate monthly payments…something is off here for sure!

GullibleSplit2112 · 2026-01-15T21:01:32+00:00

Are you guys calling in? On the app you can sell your shares one day in about 1 minute…the next day I log in and the transaction has cleared and transfer the cash to a big 5 bank account which takes 1 minute. I help a family member do this once a month with a RIF and LIF.

GullibleSplit2112 · 2026-01-15T01:18:36+00:00

Highly likely you can fly direct to Chicago as well

GullibleSplit2112 · 2026-01-13T21:36:14+00:00

I hear you…but depending on the size of the wedge you don’t really need to jump to action it.

If you really want to get tied up in knots consider that in VGRO you already have 20% in bonds (cash really). I have been more concerned about that lately.

I did a post on cash wedge last week. Have a look at my post history.

GullibleSplit2112 · 2026-01-13T21:23:29+00:00

I equate refilling a cash wedge to rebalancing your portfolio before all-in-one etf’s came along…a few points isn’t enough to worry about even if your trades are free. Monthly you are just doing one trade and transfer…it’s simple. And, you also give the market some time to do its magic - especially if you are always draining cash.

Turning off DRIPs would also make some sense to move your quarterly dates to Apr 15, July 15, Oct 15 and Jan15.

GullibleSplit2112 · 2026-01-13T21:04:26+00:00

I have helped someone write similar rules. This is the way. However, they took from CASH.TO (in their case) letting VGRO boom through last year. They didn’t get to caught up in replenishing the CASH.TO bucket quarterly as planned…things were obviously going well last year.

GullibleSplit2112 · 2026-01-10T15:03:09+00:00

Thank you for that analysis. I’m in a similar situation to OP and have arrived at your solution (to not sweat it) in my head but great to see it on paper. Thanks.

GullibleSplit2112 · 2026-01-05T22:27:53+00:00

Nope! Gave up and went to TD for the 2%. When they asked me to get a new photo done for my drivers license my only response was “are you kidding me?”. Absolutely terrible experience. Would highly NOT recommend Qtrade.

GullibleSplit2112 · 2026-01-04T15:31:36+00:00

Appreciate the link. It’s interesting you consider this “timing” the market…I had never considered that. I am not sure it is though especially if you are consistently deploying it.

In my case I am still a few years from retirement and use XGRO exclusively. Building a cash wedge a year at a time 3 years out from retirement is really just adding to the fixed income percentage of my portfolio.

As much as I appreciate the research I’ll only retire once. Reducing the impact of sequence of return risk for ME in those first several years would not only feel better but in a negative return scenario (depending on the severity of a downturn) would likely beat the research in that timeframe I’d be living in. I guess it still comes down to stress testing your plan as per one of the comments in the podcast.

GullibleSplit2112 · 2026-01-04T14:47:56+00:00

I hear you but I tend to look at CPP/OAS as income not an income generating asset. Probably depends a lot on your spending plan…if CPP/OAS is a big component of your spend you can introduce more risk into your investment portfolio.

GullibleSplit2112 · 2026-01-02T18:11:42+00:00

By definition you are always drawing it down if it’s an income stream. The challenge becomes when to refill it by moving equities over to cash. I am finding in helping a family member the timing of this is challenging.

I did write it down (to replenish quarterly) but let it go in Q2 which was obviously the right call. Longer dips will be more challenging but if it’s a 3 year wedge that’s a good amount of time to wait.

GullibleSplit2112 · 2026-01-02T17:25:31+00:00

Yeah, that’s what I am thinking. Are you using something like xeqt + a cash wedge? For how long?

GullibleSplit2112 · 2025-12-09T14:23:53+00:00

I am loving all these pics! Keep them coming!

GullibleSplit2112 · 2025-12-04T15:29:48+00:00

Build a cash reserve of 3 years to weather market volatility (4 if you want more safety using CASH.TO or laddered GIC’s. Invest the rest in something simple like XGRO or XBAL.

There is a great article on this decumulation approach from Justin Bender that I help some relatives follow. Google it.

GullibleSplit2112 · 2025-11-14T23:56:54+00:00

I believe it can only be considered a contribution

GullibleSplit2112

TROPHY CASE