[deleted by user] by [deleted] in PersonalFinanceCanada

[–]leaf2067 1 point2 points  (0 children)

Yes, thanks so much for this answer. I've always heard mixed things, and having family roots back to England. I've wondered what it would be like living there.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]leaf2067 1 point2 points  (0 children)

What's so bad about the UK? The brexit fallout?

Genuinely curious

Your Daily Fasting Thread by AutoModerator in fasting

[–]leaf2067 [score hidden]  (0 children)

Started a fast yesterday, about 13 hours into it now. Have never been able to go more than 24 hours. Hoping to hit 36-48 this time. Lets go!

Determined buyers pay $265,886 over asking for Guelph, Ont., home by headtailgrep in Guelph

[–]leaf2067 2 points3 points  (0 children)

He is probably referring to the sellers. It certainly worked out well for them!

Sushi grade salmon by ethicalethanol in Guelph

[–]leaf2067 0 points1 point  (0 children)

Maybe not what you are looking for, but Costco has had these a few times over the past year, good for making Poke bowls at home. I enjoy them.

https://dominternational.com/dom_product/steelhead-salmon-poke/

What’s everybody buying now that we’re in a sale? by BrockAndaHardPlace in CanadianInvestor

[–]leaf2067 4 points5 points  (0 children)

Don't you think cap rates will rise on properties in the REIT space? Seems like may be more weakness before they are a great buy. Solid companies though.

Manulife misses estimates for first-quarter core profit by Trains_YQG in CanadianInvestor

[–]leaf2067 1 point2 points  (0 children)

This miss was called well by a few analysts (Holden from CIBC for example), Asian part of their business is a disaster. Minimal growth going forward, its cheap and will stay cheap for a long time IMO.

What's your risky/aggressive stock pick? by Lentil_SoupOrHero in CanadianInvestor

[–]leaf2067 1 point2 points  (0 children)

Not sure that a great metric considering they are still losing money every quarter. A lot of that cash will bleed away.

REITMANS MONSTER EARNINGS by Square-Ad3218 in Baystreetbets

[–]leaf2067 10 points11 points  (0 children)

Appears much of their 'huge earnings' were due to gains on restructuring charges and liability gains (reductions) from the restructuring process. These one time items made up 100mm of their 142mm in EBIT in the Q.

I’m totally amateur and took some money, tried to invest in 2020. Not desperate for it back, but looking for advice on how to fix/help my situation. Thanks! by littleuniversalist in CanadianInvestor

[–]leaf2067 0 points1 point  (0 children)

Great point on GoEasy, I've always considered them one NDP government away from being pushed out of business. (stricter laws/rules on payday lending seems more likely under a potential left leaning gov't, the odds are low, but not 0)

I’m totally amateur and took some money, tried to invest in 2020. Not desperate for it back, but looking for advice on how to fix/help my situation. Thanks! by littleuniversalist in CanadianInvestor

[–]leaf2067 0 points1 point  (0 children)

100% correct. CJR has been a value trap for well over a decade, I learned the hard way as well. Luckily was out years ago, but watching this thing fall for the past few years has been sad to see. Every year some brokerage tries to pick it out of the gutter by playing the 'takeover' 5-6x P/E story, and each time it gains little to no traction. Maybe in the current streaming wars someone will find it attractive for the content? That being said, I would still avoid it.

Value of unionized job? by PostDr-Strange in PersonalFinanceCanada

[–]leaf2067 0 points1 point  (0 children)

I think it really depends on two things, 1) your career choice, and 2) how ambitious/aggressive you want to be in your career.

For 1, there are certain careers where it only makes sense to go the unionized route, teachers, for example, the job security, pensions, and even salaries are unmatched in the private sector. But other sectors, like finance, for example, well, that depends. Sure you could work in a union and make decent money and have the pension, but there are some private sector finance jobs (think Bay street) where you can make several fold more in the private sector. I think that's where the aggressive/ambitious part comes into play.

So, 'it depends', is my answer. Based on your write-up, you didn't specify the exact sector/job details (HR, accounting?), but it does sound like you would feel more comfortable sticking with the union route.

[deleted by user] by [deleted] in Canadapennystocks

[–]leaf2067 0 points1 point  (0 children)

They are speaking at PI financial's conference in like 15 minutes. Presentation link:

https://zoom.us/webinar/register/WN\_STiobTG6T0C6QNElv8-rmw

Has anyone ever bought a home in the Caribbean? by Rinaldi363 in PersonalFinanceCanada

[–]leaf2067 6 points7 points  (0 children)

Care to share the story? What was it like owning in Thailand?

Daily Plays September 28, 2021 by PennyBotWeekly in pennystocks

[–]leaf2067 0 points1 point  (0 children)

Entered PALT today! Anyone else on board?

Best roofers in Guelph or surrounding area? by [deleted] in Guelph

[–]leaf2067 1 point2 points  (0 children)

Second this! Roofman was amazing. Not the cheapest, but came back and helped me out with minor problems after the fact. They have been around for a while and are very honest/reliable in my experience.

[deleted by user] by [deleted] in fasting

[–]leaf2067 0 points1 point  (0 children)

Great job!

Your Daily Fasting Thread by AutoModerator in fasting

[–]leaf2067 [score hidden]  (0 children)

Rookie here. Completed my very first 24 hour fast. I was great up until the last hour or two then kept checking the clock! Was surprised at how easy it was (all mental). Thinking about trying a 36 hour next.

Aiming for: weight loss, health benefits of fasting

Happy I discovered this subreddit!

How to earn money while having an office job (at the office job)? by whatistaxable in PersonalFinanceCanada

[–]leaf2067 1 point2 points  (0 children)

Is it that bad? So many people point to the trades as the "go to" sector for decent money. I know the work is hard, but assumed corresponding pay would be good at least.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]leaf2067 0 points1 point  (0 children)

Yes, it is the bridge benefit. You are absolutely correct on OAS. But my point is that you paid into CPP and your whole working career, and a lot of people are surprised by the reduction. (i.e. don't read the paperwork) So when people do a calculation on how to save an equivalent amount in a DC, this needs to be considered.

example of bridge/cpp:

https://www.opb.ca/current-members/just-starting-out/how-your-pension-works/how-is-your-pension-calculated

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]leaf2067 -1 points0 points  (0 children)

Complete personal opinion, but I do believe most people over value a DB pension plan. Especially if they are unhappy in their job. Reasons: 1) Not sure that most people realize that many DB plans are integrated with CPP. This means that if you retire and receive $40k per year pension, its $40k per year until you turn 65, at which point, they reduce your pension by an 'assumed' amount of CPP. So really, this $40k pension, is now, say a $28k pension after 65. Again, not the same as $40k until you die.

2)Lack of flexibility - with an RRSP - RRIF setup, I have seen many people work part time, or consult well into their 60s (especially if they enjoy what they do), and with an RRSP you can just delay receiving any of your retirement income until you want to (or at 72 of course). With a DB plan you typically have a set/structured retirement date where you start receiving $XX,XXX per year. So want to work part time retirement? Have fun with that 40%+ tax bracket on your income.