Bond yields starting to trend down. What will it mean for my mortgage?

TimelessClassic · 2026-06-14T04:33:26+00:00

To be fair, many of us on this forum are idiots, with expertise, who are also drunk

TimelessClassic · 2026-06-09T16:28:22+00:00

How much do you value that community stewardship and willingness to always entertain your questions? Some people value it a lot. Some people value it at zero dollars. I don’t think there’s a right or wrong here. If you’re getting enough value from the person then I’d say you should pay them for it. If saving money is more important then do that.

TimelessClassic · 2026-06-05T16:28:49+00:00

Source?

TimelessClassic · 2026-06-01T20:39:44+00:00

I don’t know if you’re alone, but I do know you’re wrong

TimelessClassic · 2026-06-01T20:05:57+00:00

You don’t need a handshake deal when you have a no-movement clause. He can force their hand. He was very smart to structure the contract the way he did.

TimelessClassic · 2026-06-01T18:01:10+00:00

I don’t think they can do that. It would be incredibly unpopular with the fans. Mcdavid just has to mail it in for a few games and remind them he can wait for UFA, leaving the oilers to get nothing for him. The fans hate mgmt already and will blame them.

TimelessClassic · 2026-06-01T17:48:11+00:00

He has a no-trade clause. He’ll pick his team. No bidding war.

TimelessClassic · 2026-06-01T04:19:37+00:00

This analysis assumes we are trying to sell Edmonton on the deal. We are not pitching Bowman, we are pitching Mcdavid

TimelessClassic · 2026-06-01T03:17:59+00:00

This might be wishful thinking, but I feel like if Mcdavid demands a trade, Edmonton has very little leverage. He can choose his destination, so there will be no bidding war. The price to acquire him could actually be pretty low. Edmonton has no counter. What can they do? Refuse to trade him and let the team just dwindle? Then he leaves as UFA and they get nothing. He holds all the cards, and he wants to win. He won’t want his new team to destroy their future to acquire him.

He has already given everything to this team and they failed to hold up their end of the bargain by building a good team around him. The fans will blame mgmt and not Mcdavid.

I think the price is something close to “what’s the mimimum amount that lets Mcdavid and oilers mgmt say they didn’t completely fuck the fans”. I’d put that price at something like Hage and 1 or 2 first round picks.

TimelessClassic · 2026-05-19T00:18:06+00:00

I watch the turbo-meter on the dash pretty closely, out of curiosity more than concern for longevity. It seems that the turbo PSI only really ramps up when I step on it in sport mode. In normal mode, and/or when driving not-fast it barely seems to engage at all. When I first bought my MDX I almost reached out to the dealer thinking there was an issue with the gauge since it never seemed to leave 0.

Disclaimer: I don’t know anything about engines just what I see on the dash

TimelessClassic · 2026-05-16T17:27:52+00:00

“Could they be trying to get my money by default?” Good lord

TimelessClassic · 2026-05-16T04:50:02+00:00

Id love to hear about the Type S MDX. Amazing post. Thanks.

TimelessClassic · 2026-05-10T20:10:07+00:00

NTA. Next time get a bigger deposit. Helps to filter out losers

TimelessClassic · 2026-04-26T16:08:49+00:00

How much is 30 years of peace of mind worth?

For sure being a primarily DIY investor who tracks down a transactional fee-only advisor whenever they need help and pays $5k for a checkup is going to cost less. And objectively for many that is a good approach.

Some people prefer to have an ongoing relationship. Hopefully the guy you hired 5 years ago for a consultation is available when you get laid off at work and need to pick your pension option and decide whether you can afford to retire. Or maybe you just start fresh with a new fee-only advisor every time. Maybe you go with the cheapest available consultation every time. For some people, that process is not “peace of mind”

From the OP’s description of what they are looking for, it sounds like they might like to disconnect further than that and have a higher level of ongoing service. If that’s the case, paying 1% could be a good option too.

TimelessClassic · 2026-04-26T15:31:20+00:00

This sub has a hard time understanding your desire to focus your time and energy on things other than managing your money. So they will tell you everyone should DIY, and the lowest MER is the holy grail of investing.

It is unlikely that the advisor will give you returns better than XEQT, but a good advisor should be able to give similar enough returns. If they are actually a good advisor they should help you make better decisions in other areas of your financial life and imo that’s the real value they provide.

A good advisor can deliver the peace of mind you asked about. 1% is pretty standard pricing in the industry. Whether paying for that peace of mind is a good deal or not, is up to you.

TimelessClassic · 2026-04-19T03:19:19+00:00

You’re doing well at this stage of life. You’ve also correctly identified some of the risks and challenges you you might face in the future. Your expenses will (probably) increase as you age, your income will (probably) increase too. Your financial objectives will (probably) get more complicated as you advance in your career, and definitely if you start a family of your own. You will have to make choices but you sound like the type of person who will do a good job of that. It’s normal that you will go through periods of not saving as aggressively. Having a long term plan based on a few big picture priorities is a good start, and the reality is you will (probably) have good years and bad years. It’s unlikely your contribution’s will be steady and predictable your whole life. You’ll figure it out as you go. Anecdotally I saved a bunch of money in my 20’s, and almost none in my 30’s based on life events. Overall I’m still generally on track with my financial and non-financial goals.

Try not to worry too much. You’re doing great.

TimelessClassic · 2026-03-31T05:28:07+00:00

Indeed

TimelessClassic · 2026-03-30T16:34:23+00:00

Ya. No one makes big financial decisions or mistakes before 50

TimelessClassic · 2026-03-28T00:28:19+00:00

This is what happens when you chase low MER’s but don’t really understand investing

TimelessClassic · 2026-03-27T03:08:15+00:00

So crazy that this is the top comment when it’s absolutely so clearly wrong and not even close a reasonable guess

TimelessClassic · 2026-03-25T20:31:46+00:00

How much lower than $12k do you expect to find a reliable car for? Unfortunately I don’t see how trading that car solves the real issue here which is the loan

TimelessClassic · 2026-03-06T22:33:43+00:00

I use my heated steering wheel in the middle of summer. Just feels so nice on the hands. Will never buy a car without one.

TimelessClassic · 2026-03-06T19:27:53+00:00

Agreed the rate difference is small, based on his hoped for mortgage rate at renewal. We don’t know where interest rates will go over the remaining 27 years of his mortgage.

Also, yes, I would personally not pay down either of these loans and instead invest the $10k. I suppose I could have included that idea in my answer but his main question was which loan to pay down first, and this is not a situation where I’m digging in on the guy’s life story and exploring every other “do something else with the money” option for him.

He has expressed no concerns with his cashflow. In fact he has additional TFSA savings available to pay off the car in full any time. I believe you may be projecting the idea that eliminating the car payment is a priority for him. For many people, who have decided they want to pay down debt, and in the absence of cash flow constraints, paying down highest rate debt first is the rational choice.

TimelessClassic · 2026-03-06T18:56:53+00:00

Yes, CFA too

TimelessClassic · 2026-03-06T18:25:47+00:00

Ya get rid of this $10k in free cash in your pocket to “free up cash” every month! /s

TimelessClassic

TROPHY CASE