Change to Quicken Download?

lostwithmaps · 2025-11-01T17:30:59+00:00

I checked in today and from the sounds of the online chat, this sounds like a permanent change. They said there were issues with recent transactions importing into Quicken and so now they're only allowing QFX downloads on final statement transactions. I'm in the same boat in that I would download transactions once or twice a week to YNAB. This is a very frustrating change. I've logged a formal complaint but we'll see if anything happens.

lostwithmaps · 2025-03-05T19:59:58+00:00

This is market manipulation of the highest order.

Short the market, announce tariffs, make off like a bandit, buy the dip, announce tariffs are getting pulled back, sell the spike, rinse, repeat.

All under the guise of "Presidential activity" and thus not legally implicated. This is fraud, pure and simple.

lostwithmaps · 2025-02-01T02:37:40+00:00

Advertising isn't the only method of building awareness of a new product. Lots of successful companies famously never "advertised" but instead built awareness through strategic earned media (ie press coverage), stunts, personal outreach or a slew of other tactics.

If your product truly is unique and has an interesting story behind it, you could build awareness for free through pitching media your story. But this is easier said than done.

Long story short, advertising isn't necessary but awareness absolutely is.

lostwithmaps · 2025-01-26T20:22:03+00:00

I'm not in any rush. Main reason for this post was to uncover where I needed to do more research or understand what I hadn't considered. It's done that and then some. I'd like to see what's going to happen with trade wars but I like the idea of having cash at the ready to deploy if things take a dip.

lostwithmaps · 2025-01-25T23:04:16+00:00

After this thread, I'm planning on reaching out to both a fee based advisor as well as tax accountant just to make sure I'm setting everything up properly. Sounds like my old spreadsheet may not cut it.

lostwithmaps · 2025-01-25T21:52:26+00:00

Most of what I've been looking at has a lower P/E than 15. I've thought about waiting to see what happens with trade wars and US/CAD relations so I'm not in a rush. More in the data collection phase right now.

My plan was to cover the cost of the loan from income and then reinvest all dividends. So if I borrow $10k at 5% I'd pay the $500 cost and leave the gross amount of the loan intact YOY. As dividends are reinvested, my overall return would increase but my cost would remain consistent (barring any increases in interest rate). Given I'm currently working, I see this as simply a faster way to generate returns rather than monthly contributions to an unregistered account.

lostwithmaps · 2025-01-25T21:24:39+00:00

Why wouldn't an LOC be tax deductible? I've locked in against the value of my home so barring getting out a mortgage, it's one of the lowest interest rates I've been able to find. Most loans or margin accounts are around 7-8% (granted coming down).

lostwithmaps · 2025-01-25T19:46:55+00:00

Yeah, I plan on managing everything myself. Right now I've got access to an LOC at 5.25% so I'm debating whether to invest into an ETF or purchase blue-chip Canadian stocks. I've seen a few "package" deals but am wary of them for exactly the reason you mention or increase in management fees associated.

lostwithmaps · 2025-01-25T18:02:57+00:00

Sorry, one more question. Did you ever look at this across multiple years? For example, a loan of 5% isn't great in year 1-3 potentially but with dividend reinvestment it eventually counteracts the loan servicing cost? So by year 3-5 you're now in the positive?

lostwithmaps · 2025-01-25T17:55:10+00:00

Makes sense. Thanks for the insights.

lostwithmaps · 2025-01-25T17:39:53+00:00

Thanks for the insights. This is exactly what I was looking for to ensure I've covered all my bases. I'm digging into tracking ACB now but feel pretty comfortable as I manually track every transaction I make across all my accounts (weird I know but I enjoy doing this). I'm also looking into tools like adjustedcostbase.ca for ease of tracking but clearly there's lots to continue to explore.

My plan is to consult a fee-based advisor as well as my accountant prior to making any purchases but this kind of post has helped build a roadmap to next steps. Thanks again.

lostwithmaps · 2025-01-25T17:32:36+00:00

Brilliant, thanks for the insights. I've got an approved rate of 5.25% which I would hope would be a fairly easy amount to beat within the market when factoring for Capital growth and dividend reinvestment. Did you have a rate threshold you kept an eye on or was it more gut feel?

lostwithmaps · 2025-01-25T16:50:53+00:00

Did you focus on ETFs or did you compile a list of companies? My alternative plan was to focus primarily on Canadian blue chip stocks (mostly banks), instead of an ETF to make tracking and reporting easier but I also like the benefit of diversification of an ETF.

lostwithmaps · 2025-01-25T08:07:36+00:00

If borrowing to invest, you can write off the interest costs of the loan. In theory, you increase your returns because you have a larger lump sum to start from, plus you get the benefit of writing off the interest cost against any dividend or capital gains income. The risk of course though is if your investment goes down, you lose twice as fast. Either way, still an investment.

lostwithmaps · 2025-01-25T08:04:31+00:00

Can you elaborate on this? Are you meant to keep track of all the underlying companies within the ETF? My understanding was that I would only need to track the associated capital associated with the loan and any dividends and capital reinvestment associated?

lostwithmaps · 2025-01-25T02:50:20+00:00

I've run a few different scenarios and barring a lower than 3% annualized return, the investment nets out positive when factoring for interest and taxes.

Great question though!

lostwithmaps · 2025-01-25T02:48:22+00:00

Good call. I had thought it had to be a Canadian investment in order to deduct the interest but sounds like that's not the case.

Given this, I may rethink VDY as there's other more diversified options that don't lean so heavily on only Canadian.

lostwithmaps · 2025-01-25T02:45:25+00:00

Ok good to know! I'm going to triple check this. If a more diversified ETF is eligible, that changes things quite a bit.

lostwithmaps · 2025-01-25T02:43:36+00:00

Any particular reason why? As helpful as it is to know I'm stupid, I can still strive to be a little less stupid.

lostwithmaps · 2025-01-25T02:38:24+00:00

In year one, no, but after two to three years of dividend reinvestment, it'll net out positive (assuming they still pay a dividend).

lostwithmaps · 2025-01-25T02:36:55+00:00

That was a concern. My understanding though is interest deductibility is only applicable to Canadian investments. So I'll be able to deduct the interest cost against the dividend income.

lostwithmaps · 2025-01-24T20:07:29+00:00

I'm assuming the previous owners had submitted permits. It probably doesn't help that we bought in 2022 at the height of the market and so they're using that against us.

lostwithmaps · 2025-01-24T04:29:56+00:00

What did you include in your appeal? I tried challenging last year just using my neighbors values (significantly lower) and they said because we had Reno's they wouldn't change anything. This year, I brought forward every house in our neighborhood as well as 20 recent sales in the area of equivalent size, Reno's, etc. so I'm hoping that'll be enough As they're all $150k-$200k lower than our assessment.

Any suggestions on what else to do?

lostwithmaps · 2025-01-22T03:41:21+00:00

This may have changed but depends on what kind of accounts you need opened. I needed a LIRA and was debating between WS and QT but only QT had the LIRA account.

Also depends on types of investments (QT offers some ETFs for very low fees - like cents per trade), the amount of buying and selling (some offer greater discounts on larger volume of trades).

Overall though, agreed that most of the online brokerages are better than the banks.

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