The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
Canadian dollar, North American stock indexes down; oil, gold dip + MORE Mar 24th
TORONTO – The Canadian dollar and North American stock markets are having a negative morning ahead of the holiday weekend.
The loonie was down 0.37 of a U.S. cent at 75.31 cents U.S., after falling more than a cent on Wednesday.
The Toronto Stock Exchange’s S&P/TSX index was down abo.... More »
Canada's largest office REIT cuts payout by 60%, units rise on TSX - Yahoo! Finance Canada + MORE Dec 1st
Canada's largest office REIT cuts payout by 60%, units rise on TSX Yahoo! Finance CanadaAllied Properties REIT cutting its monthly distributions to six cents per unit BNN BloombergAllied Provides Update on Distributions The Globe and MailAllied Properties REIT cuts m.... More »
The close: TSX rises as more records smashed on Wall Street + MORE Oct 3rd
MSCI’s gauge of world stock performance also hits a fresh all-time high
.... More »
Kenneth Doll, fee-only, advice-only financial planner + MORE Jun 11th
Meet Ken Doll
Ken has been providing financial, retirement and estate planning solutions for over 28 years. He has worked with prominent families, professional athletes (NHL players), executives, business owners, professionals, and farmers and ranchers, many with a high net worth ($2 million to o.... More »
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech - CHEK News + MORE Feb 21st
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech CHEK NewsHomeowners, renters promised more security in B.C. throne speech CBC.caHousing, affordability take centre-stage in B.C. election-year throne speech Global NewsB.C. government.... More »
Hydro One reinstates power to board of directors as Ontario plans IPO
– theglobeandmail.com
Groups’ oversight powers were removed by the province as the government announced plans to sell off 60 per cent of the electricity company
Lacking consensus on retirement withdrawal strategies
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
If you think you’re confused about how best to accumulate assets for your financial future you haven’t seen anything yet. This is my takeaway from reading a recent Globe and Mail article about “decumulating” wealth.
Academic research seems to show that withdrawing 4% of your portfolio every year, and increasing your withdrawals with the rate of inflation, will ensure you not only have enough income to cover expenses but you likely won’t outlive your money either over a 30-year retirement span. This of course assumes you’ve saved “enough money” for retirement in the first place to cover expenses. I’ve estimated what our retirement number might be and here it is.
William Bengen, a financial planner with a background in aeronautical engineering, was the father of the 4% rule – stress-testing over decades what a safe withdrawal rate might be. His conclusion:
to weather any sort of market storm that includes a Great Depression or a Great Recession retirees should withdraw no more than 4% of their portfolio in any given year…
If you think you’re confused about how best to accumulate assets for your financial future you haven’t seen anything yet. This is my takeaway from reading a recent Globe and Mail article about “decumulating” wealth.
Academic research seems to show that withdrawing 4% of your portfolio every year, and increasing your withdrawals with the rate of inflation, will ensure you not only have enough income to cover expenses but you likely won’t outlive your money either over a 30-year retirement span. This of course assumes you’ve saved “enough money” for retirement in the first place to cover expenses. I’ve estimated what our retirement number might be and here it is.
William Bengen, a financial planner with a background in aeronautical engineering, was the father of the 4% rule – stress-testing over decades what a safe withdrawal rate might be. His conclusion:
to weather any sort of market storm that includes a Great Depression or a Great Recession retirees should withdraw no more than 4% of their portfolio in any given year…
When ETFs wind down
– moneysense.ca
Q: I received a notice that an ETF I own will be closed within the next few months. Is it better to sell it now or wait until the termination date?
–S.H.
A: ETFs are now available for just about every niche sector and exotic asset class, so it shouldn’t be surprising when some of these fail to attract investor dollars. If an ETF cannot attract enough assets to be sustainable within a couple of years, the provider may decide to shut down the fund.
ETF closures have been relatively uncommon in Canada, but this year has seen several death sentences. In June, BlackRock announced it will be shuttering six products, including the iShares Broad Commodity (CBR), the iShares China All-Cap (CHI), iShares Oil Sands (CLO) and the iShares S&P/TSX Venture (XVX). Earlier in the year Horizons also terminated its broad commodity ETF as well as couple of its leveraged ETFs.
What should you do if you learn that an ETF you own will soon be shut down? To help answer this question, I reached out to Mark Noble, head of sales strategy, communications and public relations at Horizons ETFs…
–S.H.
A: ETFs are now available for just about every niche sector and exotic asset class, so it shouldn’t be surprising when some of these fail to attract investor dollars. If an ETF cannot attract enough assets to be sustainable within a couple of years, the provider may decide to shut down the fund.
ETF closures have been relatively uncommon in Canada, but this year has seen several death sentences. In June, BlackRock announced it will be shuttering six products, including the iShares Broad Commodity (CBR), the iShares China All-Cap (CHI), iShares Oil Sands (CLO) and the iShares S&P/TSX Venture (XVX). Earlier in the year Horizons also terminated its broad commodity ETF as well as couple of its leveraged ETFs.
What should you do if you learn that an ETF you own will soon be shut down? To help answer this question, I reached out to Mark Noble, head of sales strategy, communications and public relations at Horizons ETFs…
Buying U.S. stocks with a weak Canadian dollar
– moneysense.ca
Q: I wonder what you think of buying U.S. stocks? “Top Picks” usually names several stocks traded on the NYSE or NASDAQ as good investment buys. Using a discount brokerage, you have a choice of “settlement funds” in Canadian dollars or U.S. dollars. Is there an advantage one way or the other and similarly if I sold a U.S. stock? Or with the Canadian dollar as bad as it is, is it still worth even considering the purchase of U.S. stocks?
—Phil
A: I think that the most important decision in building a portfolio is asset allocation, Phil. Fees and taxes are also important, but a portfolio built of top picks that are all from the same sector is risky and unlikely to generate the same risk-adjusted returns as a well balanced portfolio.
On that basis, I would caution a do-it-yourself investor from building a portfolio of top picks. I’d be more inclined to build a portfolio based on what pieces are missing and fill them in with the best options.
Assuming that you are doing that, Phil, a well-diversified portfolio should ideally include U…
—Phil
A: I think that the most important decision in building a portfolio is asset allocation, Phil. Fees and taxes are also important, but a portfolio built of top picks that are all from the same sector is risky and unlikely to generate the same risk-adjusted returns as a well balanced portfolio.
On that basis, I would caution a do-it-yourself investor from building a portfolio of top picks. I’d be more inclined to build a portfolio based on what pieces are missing and fill them in with the best options.
Assuming that you are doing that, Phil, a well-diversified portfolio should ideally include U…
Setting a slightly better tone for Q2 oilpatch earnings season, Husky Energy reported a second-quarter profit of $120 million, down 81 per cent from the same quarter a year earlier, but with improved cash flow.
