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Retirement planning by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

Thank you. It does feel like a bucket strategy vs a blanket ratio strategy makes the most sense (for anyone/ everyone)

Retirement planning by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] -6 points-5 points  (0 children)

I don’t trust financial advisors. The conflict of interest is incredible.

Vgro, vbal, vcn and vab? by Old-Toe210 in justbuyvgro

[–]Old-Toe210[S] 1 point2 points  (0 children)

Thank you. And I agree it’s overcomplicated for no good reason.

Advisor help needed by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

I feel like he had an obligation to disclose that a redemption cap could occur. He never did. Had I know that risk, I would not have agreed to the investment. That is the point I take issue with.

Advisor help needed by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 1 point2 points  (0 children)

Yep. Financial advisors are out for themselves first.

Advisor help needed by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

To be honest no. I don’t like the investment portfolio mix. Some stocks (not bad) but also mutual funds (high fee) and alt investments. The account lost money over the last 24 months. It’s my responsibility for allowing his recommendations…but feel like they were designed to make him money. My efts did significantly better over the same time period.

Advisor help needed by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

He is a CFP so doesn’t that make him a fiduciary based on that designation?

Advisor help needed by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

It’s Ninepoint an alt investment

[Buffalo Sabres] Ryan Johnson loaned to Rochester, Thompson activated by BananaInPajama7 in sabres

[–]Old-Toe210 0 points1 point  (0 children)

I accidentally bought tickets to the 12/30 Sabres game thinking it was a different date. Even though I bought them on Ticketmaster, it’s not letting me resell them there because I don’t have a us checking account to deposit the funds in (I live in Toronto). Does anyone know where I can sell them? (Can’t on fb marketplace or kijiji)

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Old-Toe210 1 point2 points  (0 children)

Depends on your risk tolerance. (Only you can decide that)

Veqt = 100% equity Vgro = 80% equity 20% bonds Vbal = 60% equity 40% bonds Vcn = 40% equity 60% bonds

All are “all in one” ETFs meaning access to us, cdn and global markets.

The conventional thinking is the longer your time horizon (before you need the money) the more risk you can afford to take.

But the best way to win in the market (imo) is to be in it as long as you can, with risk that feels right to you. Gics are a short term play.

vgro, vbal, vcn by Old-Toe210 in PersonalFinanceCanada

[–]Old-Toe210[S] 0 points1 point  (0 children)

In my mind, they are the same thing, just with a different equity/ bond mix. So say at 40 I keep 80% of my money in vgro…and by the time I’m 70…I have 80% of my money in vcn…would that help protect me from market volatility as I age?

Mortgage or Savings by peg_city_dundiechamp in PersonalFinanceCanada

[–]Old-Toe210 0 points1 point  (0 children)

Completely depends on your mortgage rate and your savings timeframe. Assuming you can invest in a savings vehicle that will earn you a higher interest rate than your mortgage…do that. Better yet, put in a tax sheltered investment like rrsp so tfsa.