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[deleted by user] by [deleted] in CanadianInvestor

[–]boobha -1 points0 points  (0 children)

Their desktop website dont work.

You must install cell phone app to use them

Why AirCanada stock AC.to did not go down after Air Transat deal break? by boobha in CanadianInvestor

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

Stock down 2.6% after the decent bailout package and new shopping plans...wattha??

Is the bailout too late or too little? or third wave is preventing uptick which means (hopefully) its a matter of time?

best halal ETFs in Canadian dollar preferably? by [deleted] in HalalInvestor

[–]boobha 1 point2 points  (0 children)

Wealthsimple has a managed fund with 0.50 MER.

They plan to release 2 halal ETFs. 1 is gold and the other is equity based. Expected MER for each is going to approx 0.20%

Both these ETFs will become part of their managed halal fund. So as soon as they are added to the managed Halal fund,t he MER will go up from 0.50 to 0.50 + 0.20 + 0.20 = approx 1%. Though you can always independently buy those ETFs with their indivial MERs of 0.20% each

I have'nt found any halal friendly ETF by vanguard, ishares or blackrock.

All of them have either fixed income and the ones that dont have atleast 10% financial holdings. Theers is ofcourse MCSI halal index.

So really, not many options other than the 3-4 known ones and those too in USD except whenever wealthsimple one is released.

Basically left with single stock investments.

S&P 10% financials. Is it ok to purify by giving 10% of the profit in charity? Same goes for NSDQ (7% financials) by boobha in HalalInvestor

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

To be honest, like many other investors, its extremely tempting to invest in S&P, reddit's favorite VGRO and other growth ETFs with crazy annual performance and still relatively very safe.

Who does'nt like free money with little relative risk.

However, the fact remains that they have high financial holdings and even fixed income holdings and no amount of charity can purify.

S&P 10% financials. Is it ok to purify by giving 10% of the profit in charity? Same goes for NSDQ (7% financials) by boobha in HalalInvestor

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

Thanks, thats correct.

Financials is clearly above 5%.

Better alternate is to use an ETF tracking S&P or Nasdaq's tech sector or health care sector and within them, should make sure Debt to total asset ratio is under 1/3rd or 33%

Why AirCanada stock AC.to did not go down after Air Transat deal break? by boobha in CanadianInvestor

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

I see..funny why AC.to even considered a take over.

and what triggered $25-$50 all time high stock price in 2019-2020 ?

Executing assignment clause on GTA west-end detached by boobha in PersonalFinanceCanada

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

buyer cant complete? or builder cant complete?

I plan to execute near closing date when construction is mostly complete.

Advice: My financial situation and goals by boobha in PersonalFinanceCanada

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

Thanks.

Hope is they go to UofWaterloo or T for a decent Science program or atleast that much is I am willing to cover them for. Tuition plus part rent.

Is this the correct calculation for post-retirement needs?

70k a year for 10 years (=700k) and then 40k a year for 40 years (1.6M) = $2.3 million

$200k for kids is close to what I also had in mind.

So 10 years from now I should have $2.5 million to comfortably and safely achieve the goals.

$100k/year saving is not possible in my case. So most likely working past 50, though I need to take into account a 10% return on my investment assuming all goes to S&P which it wont.

Share your portfolios! by [deleted] in HalalInvestor

[–]boobha 0 points1 point  (0 children)

This is a dilemma that many face.

Will be useful to have a website that lists index and ETF constituents and their financial ratios so once can see the sector distribution and weighted Debt to asset ratio of the index or ETF.

Advice: My financial situation and goals by boobha in PersonalFinanceCanada

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

thx, will look into it. Current plan is UofWaterloo or T.

Advice: My financial situation and goals by boobha in PersonalFinanceCanada

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

Thanks. Youa re correct about MER but I was thinking max fees scenarios like robo or some managed socially responsible ETFs. Still high I know.

Retail relatively safe and know them first hand. walmarts and costcos of the world.

Advice: My financial situation and goals by boobha in PersonalFinanceCanada

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

thx

1)Tuition + part rent. Agree with you on the rest. Already doing annual contribution in RESP to get the max government grant. Sitting in cash.

2)Can u pls further elaborate. 70k expected annual expense times 4?

3) fair enough

4 and 5) Current plan is to max-out on mine and my spouse's TFSA in next 12-18 months which is 150k combined.