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“Get to know and minimize the investing fees you pay”: Michael McCullough, MoneySense contributing editor + MORE Oct 30th
Financial writer and editor Michael McCullough has made a career of helping Canadians understand a wide range of money topics, from real estate to alternative investments. In addition to being a MoneySense contributor and contributing editor, Michael writes for The Globe and Mail and BCBusiness, and.... More »
Making sense of the markets this week: November 2 Oct 31st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Big, juicy Canadian dividend stocks are on sale
In Canada, we now have the largest spread (in three decades) between Canadian bond yields and the Canadian high dividend inde.... More »
Before you RSVP, do the destination wedding math + MORE Jul 2nd
As destination weddings rise in popularity, guests face a financial dilemma: how to celebrate loved ones without derailing their own financial futures. When the wedding invitation arrives with a picture of a tropical beach or a European castle, it carries an unspoken price tag that can often reach $.... More »
Beyond bullion: Smarter ways for Canadians to invest in gold Oct 20th
Gold prices are flying. As of October 17, the spot price of gold is trading at $5,928 per ounce in Canadian dollars, or roughly $4,227 in U.S. dollars. The surge comes on the back of what Wall Street has dubbed “the debasement trade.” In simple terms, this refers to investors reacting to long-t.... More »
43 more cases of COVID-19 confirmed in Ontario, bringing total to 257 - CTV News + MORE Mar 19th
43 more cases of COVID-19 confirmed in Ontario, bringing total to 257 CTV News5 Financial Relief Measures For Canadians Impacted By COVID 19 HuffPost Canada43 new cases bring Ontario's COVID-19 caseload to 257 Toronto SunOntario health minister warns coronavirus pose.... More »
Q. I’m wondering if the reinvested income in mutual funds and ETFs paid only to existing investors who hold the units at the time of the distribution. If I sold my holding just before the distribution, am I out of luck? Or would the income still accrue to me, since I held the shares when that income was being earned?
– Steve
A. If you’re used to holding individual dividend-paying stocks, distributions from mutual funds and ETFs can be complex and confusing. But you’ll be happy to know that you’re not “out of luck” if you sell your mutual fund or ETF units before they pay out income to their investors.
Let’s break this down by imagining two investors: Sheila holds 50 individual dividend-paying stocks, while Harold owns a mutual fund that holds those same 50 stocks. Each of these companies is likely to have a slightly different dividend schedule, so Sheila will likely receive dividend income in dribs and drabs throughout the year.
Meanwhile, Harold’s mutual fund will receive all of the same dividend income, and on the same schedule as Sheila…
– Steve
A. If you’re used to holding individual dividend-paying stocks, distributions from mutual funds and ETFs can be complex and confusing. But you’ll be happy to know that you’re not “out of luck” if you sell your mutual fund or ETF units before they pay out income to their investors.
Let’s break this down by imagining two investors: Sheila holds 50 individual dividend-paying stocks, while Harold owns a mutual fund that holds those same 50 stocks. Each of these companies is likely to have a slightly different dividend schedule, so Sheila will likely receive dividend income in dribs and drabs throughout the year.
Meanwhile, Harold’s mutual fund will receive all of the same dividend income, and on the same schedule as Sheila…
