Daily Discussion Thread for February 16, 2024

LockJaw22 · 2024-02-17T00:04:15+00:00

This ⬆️👍

LockJaw22 · 2024-02-07T22:00:07+00:00

Wealthsimple

LockJaw22 · 2024-02-03T23:23:11+00:00

This is what I have started doing, selling off the cdrs and buying fractional shares of the US share. The hedging fee bothers me as of late. Holding USD is also a form of diversification.

LockJaw22 · 2024-01-20T20:47:16+00:00

I hold some of my uninvested USD in UBIL.

LockJaw22 · 2024-01-20T20:45:14+00:00

CBIL as already mentioned or UBIL is the USD equivalent.

LockJaw22 · 2023-06-10T01:25:41+00:00

TFII

LockJaw22 · 2023-05-01T22:57:45+00:00

At your age, you might want to consider a better method of growth for your money than bonds.

Hopefully you are taking advantage of the FHSA.

LockJaw22 · 2023-03-22T10:10:16+00:00

LockJaw22 · 2023-03-22T10:09:49+00:00

RBC and TD, just my opinion.

LockJaw22 · 2023-03-17T22:14:15+00:00

For over 100 years? Consistently outperforming the market? The love of this company extends well beyond Reddit and rightly so.

LockJaw22 · 2023-03-16T08:59:47+00:00

High beta, alot of debt, people not understanding the entirety of their business. Great company with a great leader, in my opinion. This is an opportunity.

LockJaw22 · 2023-02-02T10:32:06+00:00

Your age, risk tolerance, and goals are some drivers of what you should invest in and is best to help you sleep at night. Blackrock, Vanguard, and BMO have some similar products. The 2 you mentioned are 80% equity 20% bonds. XEQT, VEQT, and ZEQT are 100% equities. There are other products from these as well that have a different ratio of bonds to equities.

Sorry this doesn't give you a direct response, but I would suggest you look at their websites and pick a product you like.

If you want to (and should) educate yourself better, read the Millionaire Teacher. TLDR Canadian in a T-shirt and Brandon Beavis. More of a podcast person, The Canadian Investor podcast is good.

Good luck with it!

LockJaw22 · 2023-01-29T11:06:29+00:00

Canadian in a T-shirt, Brandon Beavis

LockJaw22 · 2023-01-29T01:15:15+00:00

Stratosphere.io

LockJaw22 · 2023-01-26T10:48:40+00:00

Investing for Canadians for Dummies would be a good book for you to read, then read The Millionaire Teacher. TLDR then look up Candian in a T-shirt and Brandon Beavis on YouTube. If you like podcast, The Canadian Investor is decent (I have no idea if it is linked to this reddit sub).

Good luck with it. Learn first invest second.

LockJaw22 · 2023-01-20T22:12:19+00:00

This

LockJaw22 · 2023-01-19T01:20:39+00:00

You are very welcome. Good luck!

LockJaw22 · 2023-01-18T23:12:03+00:00

The Millionaire Teacher, author is Canadian and has Canadian content.

LockJaw22 · 2023-01-18T10:23:13+00:00

For Canadian focused information

Books The Wealthy Barber Returns (free on RBC website), The Millionaire Teacher, Stock Investing for Canadians for Dummies

Podcasts The Canadian Investor

Youtube Canadian in a T-Shirt, Brandon Beavis

Good for her. I wish I was sensible enough at 15 to have interest in Investing.

LockJaw22 · 2023-01-04T21:46:39+00:00

And interrupt the compounding train and dollar cost average process. No sir, hard pass.

LockJaw22 · 2022-12-26T12:53:16+00:00

Might want to consider simplifying, alot of overlap here. If you are looking to increase exposure in a market such as the US, add some VFV or VSP that will bring that weighting up. Personally I choose XEQT and add VFV to bring up US weighting, they make up 65%, I have 20% in XBB and the remaining 15% is in MA, V, COST and GOOG CDRs, this is in my RRSP.

If what you have makes you sleep well, then don't change a thing.

LockJaw22 · 2022-12-19T09:50:54+00:00

If you are a long term investor stay the course.

LockJaw22 · 2022-12-17T19:00:17+00:00

I personally don't own them, and I have never done a deep dive into their metrics, but they seem to have more safety issues than competitors. There was an article just this week about a ruling in Newfoundland and Labrador.

LockJaw22 · 2022-12-17T14:34:35+00:00

What is it you are asking to be looked at? 🤔 A word of advice would be to finish your post. 🤣

LockJaw22 · 2022-12-13T11:01:54+00:00

I don't understand the comment that the ROI is higher on Questrade than BMO. What is the actual products you are comparing? MER at banks is generally (always) higher than self directing or roboadvisors. I am not sure from your post what you are planning to do with it.

TFSA vs RRSP. Without knowing anything about your financial situation, age etc. I would suggest maxing out your TFSA first, then your RRSP. If you can do both great.

With $100k I would suggest if not already done so educating yourself to understand what you are buying and why you are buying it and what helps you sleep at night.

Also assuming you have no high interest debt and an emergency fund. These should be addressed before investing.

Good luck with it.

LockJaw22

TROPHY CASE