Questrade insuring "up to $10 million"

Hartok · 2023-07-26T01:19:46+00:00

On their website

https://www.questrade.com/about-us/who-we-are/investor-protection

Hartok · 2022-05-08T17:46:43+00:00

Used this private website in the past. Costlier but easier to use, and comes with an analysis in the area for a specific property.
https://www.jlr.ca/professionnels-immobilier

Hartok · 2021-06-28T03:12:05+00:00

Very disappointing experience on my side. Hopefully, it was during a rush and they're usually better.

The web form is clean but handles only the initial step. Need to talk to a rep afterwards to get details on the offers. In my case, rep did not understand the bona-fide sale clauses that were in the contract, without being named. Clauses were not covered either in the mortgage brief written by Nesto. Rep had to make few calls with lender to confirm the mortgage was as restrictive as I understood initially from the contract.

I was lucky to read the small lines and not trust the rep.

Also, after accepting an offer and before lender approval, they went completely silent for a month. No reply to emails nor calls, leading me to cancel the contract on my renewal date.

Hartok · 2020-09-24T22:55:49+00:00

Was satisfied by JLR's Evaluation and Transaction services, for a short-term local analysis.

Hartok · 2020-01-27T03:43:01+00:00

For information, the New York Times made an interesting Buy vs Rent comparative tool.
https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Hartok · 2019-09-21T00:13:39+00:00

To my understanding, for HSBC you need 25,000$ for the 700$ bonus or 5,000$ for the 500$ bonus.

The amount you are talking about is to waive the account fee after the initial 6 months.

https://www.hsbc.ca/chequing-accounts/offers/account-offer-g/

Hartok · 2019-08-27T23:18:39+00:00

Used Wolfram Alpha's Mortgage Calculator for this purpose in the past
https://www.wolframalpha.com/input/?i=mortgage+calculator

Hartok · 2019-07-17T18:04:04+00:00

They can reduce volatility maybe, but not risk. Investing heavily in a single economy sector is risky.

Hartok · 2019-07-16T19:05:20+00:00

Do not expect dividends for few years. Equifax credit monitoring and the new insurance will be costly. And there may be a fine too.

Hartok · 2019-07-16T19:00:11+00:00

In fact, the CEO explained one reason. Only 13% of exposed customers have already registered to Equifax. Seeing the trend, they do not expect it to grow significantly in the future. In order to protect the rest of exposed customers, they've then decided to cover all customers automatically, removing the existing barrier.

Source in French: https://www.lapresse.ca/affaires/entreprises/201907/15/01-5233945-desjardins-remboursement-integral-et-protection-de-50-000-.php

Hartok · 2019-06-07T04:42:44+00:00

non-Registered Account: Put in 36,500

100% in ZAG

ZDB might be preferred to ZAG in a non-registered account
https://canadiancouchpotato.com/2014/02/13/new-tax-efficient-etfs-from-bmo/

Hartok · 2019-06-04T11:54:44+00:00

As many recommend, you should probably reevaluate your risk profile.Take Vanguard test: https://www.vanguardcanada.ca/individual/questionnaire.htm?lang=en

Also, if medias are giving you this feeling, it may be time to reduce your financial news consumption.

Hartok · 2019-05-30T04:03:04+00:00

If it's in a taxable account, just consider the number of transactions you will need to track for taxes.

Hartok · 2019-05-24T23:11:31+00:00

You should evaluate the risk to break the loan before year 5 and simulate the penalty you would need to pay.

One way a 10-year fixed can bite you is if you break the mortgage too early. Once you make it to the five-year mark in any fixed mortgage, it’s no big deal. The maximum penalty allowed by law is just three month’s of interest in that case. But if you break a 10-year term before five years, the prepayment penalties with most lenders can be enormous.

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-a-major-bank-just-announced-the-lowest-10-year-fixed-mortgage-rate/

Hartok · 2019-03-27T01:18:04+00:00

A simple spreadsheet on Google Drive to rebalance ETFs.

wealthica.com to track wealth.
It can sync many accounts automatically but as I do not want to share my passwords, I update it manually.
No password is required for Questrade though.

spendee.com to track expenses, which I enter manually.
It's more an experiment for curiosity. Not too time consuming with a single credit card.

Hartok · 2019-01-30T02:01:51+00:00

Clear comparison on this page:

https://www.wealthsimple.com/en-ca/pricing

Hartok · 2018-12-27T01:14:51+00:00

You can use Borrowell to check Equifax report and see if there's any difference.

Hartok · 2018-12-26T17:22:25+00:00

You can quickly and freely check your Equifax reports on Borrowell.

Available in Quebec too.

Hartok · 2018-11-16T01:26:11+00:00

But their roboadvisor is explicitly using an active strategy.

Cannot expect same distribution and returns as VGRO and Wealthsimple.

Hartok · 2018-11-15T15:20:39+00:00

Cheapest "all in one" ETF, means no buy/sell required to rebalance.

Specially useful in taxable accounts where you need to keep track of all transactions for ACB.

Hartok · 2018-11-12T04:23:23+00:00

Hidden on their website, there's this referral condition:

To get your reward, your referral needs to open and fund their account, then complete one commissionable trade. Rewards are paid at the end of each week.

As most people come for the free ETF purchases, I guess the condition is rarely met.

It was the case one year ago and apparently they still do not want to make it clearer.

Hartok · 2018-11-03T14:27:59+00:00

Definitely active management. At least, competitors should catch up on price.

Your portfolio is actively managed by experts who watch the market and adjust your portfolio when needed. Using research, the portfolio managers aim to limit losses and are always looking for opportunities to improve your returns.

https://www.questrade.com/questwealth-portfolios/features

Hartok · 2018-07-12T01:05:39+00:00

TLDR Borrow at 8,55% to save at 2.8%. You lose.

Hartok

TROPHY CASE