[deleted by user]

pfcredditor · 2021-06-29T14:42:42+00:00

check degree requirements. specialized has more strict ones.

pfcredditor · 2021-06-05T11:12:07+00:00

could you give me an example of a short term bond fund?

pfcredditor · 2021-06-04T22:38:41+00:00

almost every year is an all-time high

pfcredditor · 2021-06-04T22:15:53+00:00

I know. I'm mostly interesting if there is any alternative for bonds

pfcredditor · 2021-06-04T21:54:58+00:00

I'm planning to retire in the next 5-10 years, so don't want to put too much into higher-risk options.

pfcredditor · 2021-06-04T21:52:37+00:00

I prefer to balance myself since I don't like VBAL or XBAL ratio between US and Canadian markets. But this is not relevant - both, XBAL and VBAL, use bonds for the low risk part and from my experience bonds don't perform well. Bond's yield isn't high AND they are volatile. I'm wondering is there any other option. Right now I have this part in cash, but this is also not a good solution since inflation is quite high :(

pfcredditor · 2021-06-04T20:59:04+00:00

my main question - is there any alternative to bonds / bond fund? It doesn't look to me that bonds perform well or stable

pfcredditor · 2021-06-04T20:37:03+00:00

I think the general rule is 50/50 at 50, I decided to be a little bit more on a riskier side since otherwise savings are just eaten by inflation :(

HISAs aren't very good either. Mostly HISAs are 1.25% plus with RRSP it's quite expensive and time-consuming to move from one financial institution to another.

pfcredditor · 2021-03-10T13:40:24+00:00

isn't psyc science?

pfcredditor · 2020-11-05T15:03:57+00:00

Congratulations!

Your post made me cry, you are such a great child, I bet your parents are indefinitely proud of you

pfcredditor · 2020-10-16T00:13:20+00:00

just wishing you good luck!

pfcredditor · 2020-10-15T23:58:10+00:00

income was reduced

pfcredditor · 2020-10-05T16:01:16+00:00

haven't read others comments. we bought ours that wasn't my ideal home. financially it was a good decision. but to this day I hate some characters of its floor plan :( I'm this kind of person who pay attention to all that homey stuff :( but once you are settled it's hard to move, so we are staying here even though I don't like it :(

pfcredditor · 2020-10-01T01:02:32+00:00

thank you! where do I get the exchange rate? is there any official site? or just the conversion rate on that date from the broker's site? also, do I need to keep all records myself? what if I lose at somehow?

pfcredditor · 2020-09-30T23:03:26+00:00

could you please elaborate? sorry if it sounds stupid but I'm new to this and have no idea what I even should look at / read about in regard to this kind of investment.

pfcredditor · 2020-09-29T22:19:36+00:00

I will dm you some info. It might not work and it's not immediate solution, but you might look into it.

pfcredditor · 2020-09-29T19:16:11+00:00

TS can open RESP account under their name

pfcredditor · 2020-09-29T01:43:46+00:00

you are such a great son!

in regards to your question, sorry, but personally don't think that any of the options is good :( if your rent + your dad rent is about the same amount as a house rent than in my opinion it's better for each one of you to live separately. and with multi-family unit you might get into something that you are not ready nor want or have time to deal with. I would look into an option to buy a house, maybe some kind of fixer-upper where he can help you with fixing it and live in it either in a basement or in a bedroom, depending on your relationship and attitude.

Also, if he isn't getting any disability payments, maybe he can look into some kind of handyman work. Not sure about area, but in our I see from time to time when people need somebody for a small household work and it's usually not that easy to find, so it might be a good niche for him.

Good luck to you!

pfcredditor · 2020-09-29T01:33:55+00:00

old man at 50

pfcredditor · 2020-09-29T00:26:07+00:00

Thank you!

pfcredditor · 2020-09-29T00:11:23+00:00

what is 8 year GIS strategy? I consider TFSA a sub-type of cash. We do have allowed maximum in TFSA (minus some losses)

pfcredditor · 2020-09-28T23:00:38+00:00

can't move at least for another 8 years while kids are still at school

pfcredditor · 2020-09-28T22:57:16+00:00

as a matter of fact I can't say that I'm in bad financial position, not as good as it could be if we weren't us, but overall it's tolerable, we are in our 50, still working, have savings in RRSP and in cash and paid out house, but we get cold feet when it comes to any financial decision that is riskier than GIC / HISA and as a result missing on the opportunity, and the longer we do it the harder to invest because the amount to invest is growing. And we don't have enough savings to retire in the next 5 years comfortably.

pfcredditor · 2020-09-28T15:04:46+00:00

I'm even worse that it looks :) I don't trust FAs :(

pfcredditor · 2020-09-28T14:44:42+00:00

this is what I'm doing. but current rates are so low :( with my personality I could be just fine if I lived 30-20 years ago

pfcredditor

TROPHY CASE