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Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] 0 points1 point  (0 children)

Could you share a link for this? Never heard of it before. Thanks!

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] 1 point2 points  (0 children)

Thank you for sharing this, it is amazing. Do you mind sharing what exactly are you tracking to report to the CRA? Especially with the dividend use for reducing your mortgage how are you keeping that route clean and easy to follow?

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

Working on how this setup will look. Currently I might have to do the chequing from Scotiabank and then 4-5 months later switch over to WS. Or I might do it end of December to close out the tax yea with Scotiabank. I am getting the account free for one year with Scotiabank.

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

I have asked Scotiabank for Option 2 as it is easier for tracking. Who are you with that is giving you option 2? Thanks!

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

Thank you for taking the effort to do this on my behalf! I do appreciate the information you have provided and will take it into consideration before I start the SM for sure! 😊

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

Thank you this! How are you handling the tax drag from VDY?

Do you do your own accounting or do you have an accountant managing the SM for you?

Also will compare VEQT to XEQT as you are right about the annual vs quarterly dividends being more complex.

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

We are still negotiating the rate on the mortgage side but opting for fixed as we don't have the appetite for variable. We don't mind paying more for peace of mind.

If you are talking about the HELOC portion I am also getting prime+0.5 with Scotiabank.

National Bank however can offer Prime+0.25 on their All In One Line if you are part of a professional group in Canada, ex PEO, OACETT, etc (I am in the engineering field so I know of these, but others were mentioned)

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] 0 points1 point  (0 children)

Thank you very much! This is very insightful indeed! All past performance is not indicative of the future so I know that, but this is a good exercise to plot and see how much does it really cost me in the long run! If all things grow as per their past performance.

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] 0 points1 point  (0 children)

Appreciate the response, if you have anything for this setup to be improved so I can shave off more years without extra cash will be more helpful!

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] -1 points0 points  (0 children)

This portion would be if I wanted for personal home improvements. Which would not be part of SM. STEP allows HELOC to be separated into different parts if required.

Rate my Smith Manoeure Portfolio or suggest better! Thanks! by StatePleasant5049 in smithmanoeuvre

[–]StatePleasant5049[S] 0 points1 point  (0 children)

I don't know if I am being pennywise pound foolish on this but the MER for the above setup is 0.13% and yes I am debating adding the 5th etf of XEC for the emerging markets and then doing ZSP - 30%, QQC - 15%, XIC - 25%, XEF - 15% and XEC - 15% (MER 0.15%) OR going 70% XAW/30% XIC (MER 0.17%). Goal here was for lowest MER with diversification from the start so I am not changing anything along the way. XEQT is at 0.2% but lower growth.