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alvanlii

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reddit-CanadianInvestor

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1em8nmz

When Japanese market crashed on Monday I remember that I read the article from the star 8 or so months ago about Japan being the source of the major market volatility.

arad04

Russell Napier predicted Monday Nikkei crash?

/r/CanadianInvestor/comments/1em8nmz/russell_napier_predicted_monday_nikkei_crash/

1emc598

Just got a notification that TD DI is implementing partial shares. Not sure how the commission is working out. Looks like $2 for a partial shares instead of $9.99? Putting 0.999 shares the commission is 1.99 but 1.00 shares it jumps to $9.99 commission. Still a step in the right direction .

Victoryoverriches

TD Direct Investing implementing partial shares?

/r/CanadianInvestor/comments/1emc598/td_direct_investing_implementing_partial_shares/

1emhhu0

Good day, I turned 18 in mid 2022, and thus am entitled to 6000+6500+7000=19500$ in contribution limits if I understand correctly. I currently have 30k in net deposits in my TFSA on Wealthsimple (not portfolio value) and after checking, have repeatedly overcontributed for multiple months consecutively at many points between 2022-204. Problem is when I used Wealthsimple Tax and uploaded my portfolio, none of my previous tax returns had me pay the 1% per month penalty I keep hearing about. Am I missing something? Should I sell my XEQT stocks immediately and take a hit especially after the market this week and clear the overcontribution and hope the CRA didn't notice? Should I just pretend nothing is wrong until CRA comes for me? Do I be proactive and voluntarily go talk to the CRA and pay the penalty?

Adorable_Class_4733

TFSA overcontribution

/r/CanadianInvestor/comments/1emhhu0/tfsa_overcontribution/

1emll0a

I'm interested in **swing trading** and **options trading**. I already have a **Scotia iTrade** account, but not **Scotia iTrade Trade Pro**. I've seen many recommendations on **IBKR**. Does anyone have any insights on which is better? Thanks in advance.

PurpleDNAChick

Scotia iTrade Trade Pro vs IBKR

/r/CanadianInvestor/comments/1emll0a/scotia_itrade_trade_pro_vs_ibkr/

1emzgc3

Hi, it looks like S&P are on a downward trend and the FED rate is not expected to decline. I'm planning to start short selling. Can someone with short sell experience share how to do it and what to watch out for along the way? Thanks for all the advice.

Effective_Shame_3127

Advice on short selling SPY or VFV

/r/CanadianInvestor/comments/1emzgc3/advice_on_short_selling_spy_or_vfv/

1en20ui

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Daily Discussion Thread for August 08, 2024

/r/CanadianInvestor/comments/1en20ui/daily_discussion_thread_for_august_08_2024/

1en9l5q

I've just transferred all my accounts to RBC direct investing and went to execute a trade last night for some spy options at market price to fill this morning. I was using my practice account to try a few trades before I jumped in with my own cash. The order I placed last night wasn't filled this morning. When I called to ask why they told me to create a new order that was filled immediately (practice account still). The person I spoke to on the phone didn't seem to have full command of the english language and it was very frustrating to try and get an answer as to whether or not I could expect to see a similar result if I was using my live account. After being yelled at by the help desk and berated for expecting the practice account to work like a live account would (why wouldn't they?), I am questioning my decision to switch to RBCDI. The help desk seems caustic and unqualified and my initial trade wasn't filled filled so I'm questioning whether to even attempt to trade with them at all. Has anybody else run into something like this? Is this experience normal for anyone else? I would expect the entire idea of a practice account would be to try a few trades and look for anomalies and work any bugs out. Which is exactly what I'm doing. But the help desk cannot answer my question besides referring me to the exchange agreements. My fear is placing an order to be filled next day at open and having them not get filled, or filled well after open. I know options can have varying liquidity, but these were spy options. So I know there's plenty of volume for a small order.

spectacular_coitus

RBC Direct Investing options trading

/r/CanadianInvestor/comments/1en9l5q/rbc_direct_investing_options_trading/

1eni627

I currently invest through national bank of Canada. My FHSA i put it in a 4.75% GIC for 1 year. Contributed 16.000, expected to be at 16.768.20 My RRSP I contributed around 11,475.09 and its currently 11,871.25. It is invested in one of national banks portfolios NBI CONSERVATIVE PORTFOLIO - INV and only up 3.45% My TFSA I contributed 31,500 and its up to 32,699.21 in another of national banks portfolios NBI EQUITY PORTFOLIO - INV and is up 3.8% I believe I could make significantly more investing on my own than what the bank is currently doing. Had I invested in something like XEQT I would be up like 14% instead. So currently my total assets are 600$ Chequing and 10,000 in national bank high interest savings 1.5%. and 60k in registered accounts. I planned to keep around 10k in a savings account as a emergency fund. And am working on building my chequing up a little to get some spending money. I have pretty much 0 expenses I am 21 years old and live for virtually free at my parents house and plan to join the military soon. Anyways I was thinking about dropping maybe 50k into xeqt and 10k into a etf like evolve crypto ( etc ) would this be sensible or should I be looking to diversify/try different etfs. I plan for these to be held for quite the long term the soonest I would use any would be my fhsa in probably 10 years the rest will likely be held for quite a bit longer

Academic-Leg-5714

Looking for advice

/r/CanadianInvestor/comments/1eni627/looking_for_advice/

1eni817

TakedownMoreCorn

goeasy Ltd. Reports Record Results for the Second Quarter

/r/CanadianInvestor/comments/1eni817/goeasy_ltd_reports_record_results_for_the_second/

1enict6

I've only been with them for about two months and setup a cash account and RRSP account that I transferred my former employers RSUs that vested. Everything was going ok until I attempted to withdraw from my cash account and received an email saying they found a discrepancy with my account and my bank. My full legal name used for my Questrade account name doesn't match my bank account. E.g. My full legal name is John Andrew Smith and with my bank is Andrew Smith. They asked me to get a letter from the bank stating that both names are the same customer but the only way to get it resolved is to change my name with my home branch which is all the way downtown. My argument with them is why are they asking for this now? I'm using the same bank and account that I did when I funded this account. I already submitted by ID and other financial documents when I opened this account. Anyway they reversed the withdrawal and I'm just about to transfer everything to Wealthsimple. Or is there another trading platform that I should look at? Thanks for letting me rant

OneLargePho

So frustrated with Questrade

/r/CanadianInvestor/comments/1enict6/so_frustrated_with_questrade/

1enj305

TakedownMoreCorn

RioCan Reports Second Quarter Results

/r/CanadianInvestor/comments/1enj305/riocan_reports_second_quarter_results/

1enjez8

Hello, I am in my mid-twenties and have maxed out my TFSA and FHSA. I am confused about whether I should open an RRSP or a personal trade account to continue investing. A couple of factors to consider are that I expect my income to go up as my career progresses, and there is a chance I move to the USA in the future. Having said that, are there any downsides to opening up an RRSP as opposed to a personal account for my situation?

guesswho2018

RRSP vs Trade Account

/r/CanadianInvestor/comments/1enjez8/rrsp_vs_trade_account/

1enkf6k

MapleByzantine

What ETF do you use for value exposure?

/r/CanadianInvestor/comments/1enkf6k/what_etf_do_you_use_for_value_exposure/

1enqpqb

So I just started investing as a 22 yr old. Have about 15K in savings. My goal is to invest long term for retirement, so a ~45 year period. I'm super new to investing and don't know much about it. My plan is to max out my TFSA with 100% vfv (although I do hold some zsp too) and then my rrsp with 100% voo. Is this a bad idea? Should I look for more diversification? Maybe global markets? Any tips/suggestions/insights :)

hamzah_banday

Is this a bad idea?

/r/CanadianInvestor/comments/1enqpqb/is_this_a_bad_idea/

1enu8mj

I have been running an on-shore BPO firm in Ontario. i used to outsource customer service and back office tasks for various companies but most of these clients have left for lower-cost offshore firms. I'm opening a new office in Egypt to take advantage of the lowering cost of labor and government support. if anyone of you have experience in investing or managing companies abroad, what are things i should be aware of and how to mitigate any unexpected risk?

Altruistic_Relation3

looking for an advice for my BPO firm abroad

/r/CanadianInvestor/comments/1enu8mj/looking_for_an_advice_for_my_bpo_firm_abroad/

1envub7

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OPINION_IS_UNPOPULAR

Daily Discussion Thread for August 09, 2024

/r/CanadianInvestor/comments/1envub7/daily_discussion_thread_for_august_09_2024/

1enxgni

bobbydigital222

Canopy Growth Reports First Quarter Fiscal Year 2025 Financial Results

/r/CanadianInvestor/comments/1enxgni/canopy_growth_reports_first_quarter_fiscal_year/

1eo07n3

Can someone help a NOOB read insider reports? What is happening when the company is buying then immediately selling common shares. Example below: **Common Shares**38 - Redemption, retraction, cancellation, repurchase **$434,208** **+2,900** vol **$149.73** each **Common Shares** 38 - Redemption, retraction, cancellation, repurchase **$-434,208.01** **-2,900** vol **$149.73** each

New-Leading-1353

Reading Company Trading

/r/CanadianInvestor/comments/1eo07n3/reading_company_trading/

1eo0es2

Q2 Earnings https://ca.finance.yahoo.com/news/algonquin-power-utilities-q2-earnings-122542064.html Sale of Renewables Business https://ca.finance.yahoo.com/news/algonquin-power-utilities-sell-renewable-120017539.html Dividend Cut https://ca.finance.yahoo.com/news/algonquin-power-utilities-corp-declares-114900835.html

KeeferVaille

Algonquin Power & Utilities Reports Q2 Earnings, Sale of Renewables Business & Dividend Cut

/r/CanadianInvestor/comments/1eo0es2/algonquin_power_utilities_reports_q2_earnings/

1eo1u0q

Hello, I was forced out of the markets this Monday because the TSX was closed. I couldn't liquidate my UBIL ETF inside my RRSP to buy the dip on US markets since it is traded in TSX. In my RRSP, instead of holding US government T bills inside UBIL ETF, I want to hold them inside SGOV, BIL or SHV ETFs which trade in US markets. However, I only want to do so if I can 100% confirm that the foreign withholding tax on the cash distributions is not applied as long as these ETFs are kept inside the RRSP. Is anybody holding a US traded T bills ETF like the ones I mentioned inside their RRSP? Would you be so kind to confirm you are not paying a foreign withholding tax?

vmmf89

Confirmation that SGOV, BIL and SHV (T Bill based) ETFs held inside an RRSP are not subject to foreign withholding tax

/r/CanadianInvestor/comments/1eo1u0q/confirmation_that_sgov_bil_and_shv_t_bill_based/

1eo3ec7

I can't figure out how to place funds in a Type F Investment Savings Account using RBC direct investing. I tried calling for help, and even visited a branch, and their advice doesn't seem to work. I can't find such an investment among the possible choices, and it's the highest interest paying account that RBC offers in Canadian funds.

Imbo11

RBC Direct Investement - Type F Investment Savings Account?

/r/CanadianInvestor/comments/1eo3ec7/rbc_direct_investement_type_f_investment_savings/

1eo4h4n

I’m hoping there is a sort of straight forward answer for this. I want to know how many accounts you guys have for savings and what not that help you get through life. I currently am with CIBC and Wealth simple. I have: - CIBC Chequing account where my paycheque goes - CIBC TFSA that has around $10k in it - Wealth Simple Cash account with 3.5% interest - CIBC RRSP - I need to recontribute to this because I used money from it for buying my first house. - Wealthsimple TFSA investment account that I have recurring purchases every week going into indexes and what not what I like. What do you guys have as account set ups? Am I good with just a 3.5% cash account in WS for an emergency fund? A TFSA with CIBC for medium term savings and a TFSA with Wealthsimple for long term stock investments? Unfortunately, I have to recontribute to my RRSP but once that’s done I probably won’t use it anymore since I have a pension with my place of business. TLDR; what’s the most efficient account set up for my money? 1 TFSA, 1 Cash/Savings account and 1 investment?

RadiatedSSN8

Best Account Set up for Life?

/r/CanadianInvestor/comments/1eo4h4n/best_account_set_up_for_life/

1eo5kkn

Want to self-directly invest excess cash. Not a fan of current bank's investment tools. Currently use WealthSimple for personal, but there is currently nothing for business other than their robo-investing. Currently looking at Questrade.

CoffeexLiquor

Low Fee Trading Platforms for Small Business Ltd.?

/r/CanadianInvestor/comments/1eo5kkn/low_fee_trading_platforms_for_small_business_ltd/

1eo6066

So recently I opened a BMO Investorline account to buy some stocks and today I see this negative balance message in my account. I quickly transfered some 400 CAD and my question is, is it going to automatically convert itself to cover the negative USD balance? I also don't remember ever buying more than I could pay but I transfered 400 CAD to be sure since I'm still new to this. Apologies for the somewhat cluelessness and thank you! https://preview.redd.it/wkadezmldohd1.png?width=1195&format=png&auto=webp&s=353117c00eefbe1f66d40537cb24aee6ae2aec0f

the-vanK

BMO Investorline negative USD balance

/r/CanadianInvestor/comments/1eo6066/bmo_investorline_negative_usd_balance/

1eo61vm

Hey guys, anyone know anything about this company? Right now they are offering 1 percent of the value of whatever you transfer to them, plus they pay 150 an account for fees to transfer investments from another account. Currently at wealthsimple and like it but it might be worth jumping ship. Thoughts?

Unlikely_Equipment_3

Qtrade promotion

/r/CanadianInvestor/comments/1eo61vm/qtrade_promotion/

1eo8z26

Hi everyone! My wife and I have both been investing in XEQT for our FHSA accounts, but she’s recently decided not to buy a house. We’re now considering transferring those funds entirely into an S&P 500 ETF. We have a 15-year time horizon, and we’re well aware of the risks, rewards, and diversification involved. With the recent split of XUS, it could be advantageous for us as we dollar-cost average (DCA) every month. I’ve done some research on VFV, ZSP, and XUS, and they seem quite similar, with the main difference being trading volume. Does anyone have any thoughts or additional insights on this? I’d appreciate hearing your experiences or opinions!

Misternovice-here

XEQT to S&P500

/r/CanadianInvestor/comments/1eo8z26/xeqt_to_sp500/

1eo9ej0

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Weekend Discussion Thread for the Weekend of August 09, 2024

/r/CanadianInvestor/comments/1eo9ej0/weekend_discussion_thread_for_the_weekend_of/

1eodawd

Hi guys, Does anyone know of a CASH.TO (usd high interest yield stock) equivalent in europe? Looking for a way to park some euros to get some dividends without any drawdowns. Thanks

Useful-Forever-7414

Cash.TO equivalent

/r/CanadianInvestor/comments/1eodawd/cashto_equivalent/

1eohgov

I've been reading about Birkshires giant cash pile that's apparently in 5% yeilding US treasuries? How can I do the same with my cash in my TFSA or RRSP online account? Thanks in advance!

shifty_f7

How do I buy US treasuries with a online broker?

/r/CanadianInvestor/comments/1eohgov/how_do_i_buy_us_treasuries_with_a_online_broker/

1eohmk5

reallyneedhelp1212

RBC’s Former CFO Sues Bank, Denies Affair With Colleague

/r/CanadianInvestor/comments/1eohmk5/rbcs_former_cfo_sues_bank_denies_affair_with/

1eokvmq

I purchased shares of an ETF in 2020. I understand the market price will fluctuate. However, I just realized the cost has changed (increased) as well even though I still have the same number of shares. Why is this? I’m still learning about investing and didn’t know this happened.

prairiefier

ETF average cost change

/r/CanadianInvestor/comments/1eokvmq/etf_average_cost_change/

1eosmw7

cardboard-junkie

POWER MARKS UP VALUE OF STAKE IN WEALTHSIMPLE FOR THIRD CONSECUTIVE QUARTER

/r/CanadianInvestor/comments/1eosmw7/power_marks_up_value_of_stake_in_wealthsimple_for/

1eozs0x

Greetings, My wife inherited some USD and entrusted 150 K to me to invest. 1. She is around 36 years old 2. She has a lot of savings (inclusive of this 150 k, nearly 1 mil Canadian) 3. Overall she is fairly conservative investing wise, but is generally ok with me doing whatever. 4. We presently don't own property, but are actively looking My thinking is to keep everything in USD and do a basic spread of broad-index US ETFs via Questrade almost completely in securities. My time horizon is fairly long-term, but my wife is a little more sensitive to drops etc. I was also thinking to do a bit in dividend ETFs just so she has a little psychological kick and can use to spend on trips/luxuries. Any insights or suggestions into any aspects of this would be appreciated (e.g., are there any currency plays to be made or is just keeping in USD the best? tax implications? accounts?). Cheers

Grayto

Ideas for investing with USD $150,000 in Canada

/r/CanadianInvestor/comments/1eozs0x/ideas_for_investing_with_usd_150000_in_canada/

1epcgtr

Those ETFs are all tracking the Nasdaq index, but the performance has some slight difference. I am planning to buy some in my RRSP account, but not sure which one is best for registered account like RRSP or does it matter at all? Thank you for your advice!

KanzakiYui

HXQ vs ZNQ vs QQC in RRSP account?

/r/CanadianInvestor/comments/1epcgtr/hxq_vs_znq_vs_qqc_in_rrsp_account/

1eprtr5

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Overnight Discussion Thread to Kick Off the Week of August 11, 2024

/r/CanadianInvestor/comments/1eprtr5/overnight_discussion_thread_to_kick_off_the_week/

1eptb4b

I posted this at PersonalFinanceCanada but got removed due to asking “survey”. Just posting it here. To all the retirees out there, looking back on your life and career, what are your biggest regrets? Whether it’s financial decisions, career choices, time spent (or not spent) with loved ones, or anything else—what do you wish you had done differently? Your insights could be invaluable for those of us who are still planning our future. What advice would you give to someone who’s working towards retirement now?

Misternovice-here

Retirees, What are your biggest regrets? Share your reflections and advice to new generations.

/r/CanadianInvestor/comments/1eptb4b/retirees_what_are_your_biggest_regrets_share_your/

1eput6v

Just a little backstory before we start, recently i fell victim to a crypto hack and lost a huge amount of money, money which will take me many years to recover from, and as a way to bounce back (even if slowly over time) I was looking into stock investing, possibly dividend, but I became lost as to where to start and what should i begin my investing journey with. As i live in Canada, i saw QT and WS as potential options, or even MooMoo. But I am not sure which one would better suit my needs. I will be starting with as little as 2000CAD, for now I cannot put any more than that, and I want to be growing this over time, would it be a good idea to start with dividend right at the beginning? or should I look into something else for now to potentially grow it a bit more before I go into dividends? And is robot trading worth it? Thank you for your time.

XxXForsaken

Looking for some Insight on how to start investing! Any help would be appreciated

/r/CanadianInvestor/comments/1eput6v/looking_for_some_insight_on_how_to_start/

1epyihy

Can you sell puts under TFSA or any other registered accounts? TIA

Hank-Tuco

Selling puts under registered accounts

/r/CanadianInvestor/comments/1epyihy/selling_puts_under_registered_accounts/

1epz7gh

\*edited\* Hi, I'm doing around 150 trades a month. Is there a 3rd party platform for me to bring in my monthly transactions to provide me a check on my P/L so I can validate it against my Tax record issued by the bank?

JeanChretieninSpirit

Stock Booking Keeping Platform

/r/CanadianInvestor/comments/1epz7gh/stock_booking_keeping_platform/

1eq07wg

What are good equivalents to cash.to for a USD ETF on either her the nyse or the Nasdaq? Thanks!

hard_and_seedless

Equivalent to Cash.to on a us exchange

/r/CanadianInvestor/comments/1eq07wg/equivalent_to_cashto_on_a_us_exchange/

1eq2pbh

I just graduated and plan to start investing soon. With the market going down, I’m wondering what strategy would be best. Should I start DCA monthly now, or wait for a further drop and then invest a larger amount, like $5k, before starting to DCA? Also, which investing platform would you recommend and why? Thanks in advance!

befitting_semicolon

Time to jump into XQQ/VFV or wait?

/r/CanadianInvestor/comments/1eq2pbh/time_to_jump_into_xqqvfv_or_wait/

1eq9q8b

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Daily Discussion Thread for August 12, 2024

/r/CanadianInvestor/comments/1eq9q8b/daily_discussion_thread_for_august_12_2024/

1eqbcnf

FloorGeneral2029

Can anyone explain what a market maker does and how it benefits a public company that hires one

/r/CanadianInvestor/comments/1eqbcnf/can_anyone_explain_what_a_market_maker_does_and/

1eqbqqn

kpaxonite2

Scotiabank to buy almost 15% of KeyCorp for about US$2.8 billion

/r/CanadianInvestor/comments/1eqbqqn/scotiabank_to_buy_almost_15_of_keycorp_for_about/

1eqeexm

What’s the difference between XIC.TO and XIU.TO? Looking to dump 70% of my savings in there and diversify the remaining between Bitcoin and Nasdaq etf. Is there any major differences between using vanguard and blackrock or others? Any recommendations for my position?

Big-Addition-310

22 Years Old and looking to buy S&P etf and overall investing

/r/CanadianInvestor/comments/1eqeexm/22_years_old_and_looking_to_buy_sp_etf_and/

1eqeis1

madeforheroes

Tourmaline to buy Crew Energy for US$947 million in all-stock deal

/r/CanadianInvestor/comments/1eqeis1/tourmaline_to_buy_crew_energy_for_us947_million/

1eqh46q

I have a large sum in non-registered accounts and thus everything is taxable. I am looking to build a income portfolio as the sum is more than enough to retire on, but every ETF that is recommended has high reinvested distributions because as mentioned it is in unsheltered accounts. This leads to captial gains taxes when I don’t even liquidate anything. Any recommendations for ETF’s (ideally dividend growth) with low to no reinvested distributions? Best I can find so far are some Global ETFs (formally Horizons) that use a swap mechanism to stop any forced distributions. I will also take any recommendations for low-fee or preferably fee-only financial advisors.

stompinstinker

Do you have any recommendations for ETF’s with low to no reinvested distributions?

/r/CanadianInvestor/comments/1eqh46q/do_you_have_any_recommendations_for_etfs_with_low/

1eqiyj1

So I'm looking in my questrade acccount and I see that I'm in the red $180 on VRE. I've been holding it for years so I just kinda let it sit. It's only paying a 2.81% yield while something risk free like [CASH.TO](http://CASH.TO) is almost paying 5%. It seems like I should take the small loss of $180 and put that $ towards something with a higher interest. It's only $2000 worth of shares but even at a 1% yield increase I would get $200 after a year which pays for the loss. Seems like a no brainer to sell?

TheNewGuest

Sell VRE.TO at a small loss?

/r/CanadianInvestor/comments/1eqiyj1/sell_vreto_at_a_small_loss/

1eqk8x0

Long story short, I left my old employer and have $27,000 in my VRSP that I need to decide what to do with. It is currently with IA but with a 1% management fee so I’m definitely not keeping it there. I do some small investing on the side with WealthSimple but am nervous about investing my entire retirement savings to this point on my own. I guess my question is, is WealthSimple a good option to transfer my VRSP to the RRSP there and invest long term? And also, what should I be investing in for long term gain and stability? ETFs? S&P500? Any help would be greatly appreciated.

whitty_16

Investing my VRSP

/r/CanadianInvestor/comments/1eqk8x0/investing_my_vrsp/

1eqmzj5

ExternalCollection92

KeyCorp Surges Following $2.8 Billion Investment by Scotiabank for NYSE:KEY by DEXWireNews

/r/CanadianInvestor/comments/1eqmzj5/keycorp_surges_following_28_billion_investment_by/

1eqqhym

Curious if anyone has recommendations since there seem to be a lot with a good performance record. I'm also not sure about Canadian vs global bond etfs since there are a lot of both on the market.

claude_pasteur

Best actively managed bond ETFs?

/r/CanadianInvestor/comments/1eqqhym/best_actively_managed_bond_etfs/

1equ3oe

Hello All, hope this is not a dumb question. I've been wondering how sustainable the high interest of EQ and Wealthsimple is. Does it threaten the big banks? Sure, they are bigger banks, and have other sources of income such as trading platforms and mortgage etc., but I'm seeing more people moving over to EQ and Wealthsimple. I've recently noticed Wealthsimple is offering lower interest mortgage on top of high interest savings. Does that threaten the big banks over time? The argument that people are still with their first bank account doesn't seem to really hold water, as they are probably keeping a minimal amount and not their main bank acount, and it wouldn't surprise me if the new parents opened accounts for their children in one of these newer and seemingly better banks. Should investors of the big banks worry? If there's a place for more information on this topic, please let me know. I couldn't seem to find more than the basic like "how banks make money". Thank you for reading and your time : )

ToanM

Should Investors of the Big Banks Worry?

/r/CanadianInvestor/comments/1equ3oe/should_investors_of_the_big_banks_worry/

1eqv7d8

Just got hit with a reality of being 40 and getting smarter with investing. I have been saver but not an investor, lost 35k during covid chasing the hype and meme stocks. Looking for advice/recommendations from people who are retired or close to retire, what would you do if in my position with 250k in cash, full room in TFSA, 70k in RRSP. If I have to consider retiring in 20 years how would you go about investing money putting yourself in my shoes. Share your mistakes and success stories.

manny604

Advice from retired or close to be retired employee(s) on investment planning starting at 40.

/r/CanadianInvestor/comments/1eqv7d8/advice_from_retired_or_close_to_be_retired/

1eqvhan

I’ve got a large sum which will be used for a home purchase in October or November. I want to put it in a high interest account in the interim , I have it in a RBC a high interest e-savings but the yield seems low.

DJBossRoss

Best high interest account for Canadians

/r/CanadianInvestor/comments/1eqvhan/best_high_interest_account_for_canadians/

1eqvxtx

I have about 1700 in VFV with a better total return than XEQT. I have 500$ to play with here and idk if I should just put all 500 into xeqt or vfv. Are they kinda like the same stock? I know XEQT is international and VFV is just North America. Should I just buy intel?

Ok-Confusion-1293

Is there really a point investing into XEQT & VFV?

/r/CanadianInvestor/comments/1eqvxtx/is_there_really_a_point_investing_into_xeqt_vfv/

1er3y8u

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Daily Discussion Thread for August 13, 2024

/r/CanadianInvestor/comments/1er3y8u/daily_discussion_thread_for_august_13_2024/

1er7l90

Question that I haven't heard discussed: How much cash do you set aside to buy EFTs or stocks during moments of market panic? I have three basic "portfolios": an OMERS defined pension, an RRSP that's 100% XEQT, and a non-registered account that I'm building up with Canadian dividend aristocrat stocks. While I truly believe that time in the market is better than timing the market, I do like to have a little cash set aside to buy stocks on my want list. At the moment, I have $10,000 allocated for this purpose -- my dry powder. Do others here do the same? Is there a rule of thumb when it comes to this practice? Does it make any sense? Genuinely curious to hear from more experienced investors on this topic. Thank you.

LiarsPorker

How much powder do you keep dry?

/r/CanadianInvestor/comments/1er7l90/how_much_powder_do_you_keep_dry/

1eravht

I just started investing like 6 months ago and have been researching a lot about investing. Very mad that I didn’t start investing earlier in life. As of right now iv got about 10k in us individual stocks that I believe are solid stocks that I got for fair price. Nike, Amazon, google, PepsiCo, and Pfizer, 40% of that position is Amazon. These are stocks I plan to never sell. I also have 25k in just vfv s&p 500 index etf as investing in Canada stocks kinda sucks, I plan to add to this position and also invest in veqt etf. All of this is invested through my tfsa. I’m worried that I’m so far behind though as most pros say you need 100k by the time your 30. I currently live with my parents and make 50k yearly. I’m hoping to have around 60k invested by this time next year just dcaveraging these etfs. Any advice or critiques appreciated.

Peterxfat

30, am I on the right track?

/r/CanadianInvestor/comments/1eravht/30_am_i_on_the_right_track/

1erb3yb

https://globalnews.ca/news/10675060/air-canada-tgv-train-company-bidder-electric-fast-rail-project/ Air Canada, which usually flies people around in planes, has decided to join a team that’s bidding to build a fast, high-frequency train system between Windsor and Quebec City. This is surprising because Air Canada has historically been against high-speed rail projects, especially in areas where they already have lots of flight routes. They’re teaming up with SNCF Voyageurs, the French company that runs the famous TGV trains. While SNCF joining makes sense because they’re train experts, people are raising eyebrows about Air Canada’s involvement. Critics think Air Canada might be trying to control the rail project to protect its own business, especially since a fast train could take away some of their passengers.

nimageran

Air Canada’s Surprising Move into High-Speed Rail Raises Eyebrows

/r/CanadianInvestor/comments/1erb3yb/air_canadas_surprising_move_into_highspeed_rail/

1erccc6

ghostofcaseyjones

News

Ballard Power Systems stock hit with downgrade as CIBC cuts price target in half

/r/CanadianInvestor/comments/1erccc6/ballard_power_systems_stock_hit_with_downgrade_as/

1erebqm

Does anyone know if you can move USD online directly from a USD BMO account to a BMO TFSA? I can't seem to figure out how to do it online, if I call will they be able to do? Will it go in as USD or is it automatically converted to CAD when entering a TFSA? Thanks!

runrunranreddit

USD from USD BMO account Directly to BMO TFSA?

/r/CanadianInvestor/comments/1erebqm/usd_from_usd_bmo_account_directly_to_bmo_tfsa/

1erxoyt

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Daily Discussion Thread for August 14, 2024

/r/CanadianInvestor/comments/1erxoyt/daily_discussion_thread_for_august_14_2024/

1es070i

Hi everyone, can someone explain how the 10:1 split affects those invested in SMCI through the NEO stock exchange? Thanks!

None

SMCI Split and NEO Stock Exchange

/r/CanadianInvestor/comments/1es070i/smci_split_and_neo_stock_exchange/

1es4ht9

Any suggestions for portfolio planning tools that can simulate all the various taxable streams (regular, capital gains, dividends, etc.) and any reinvested capital gains for ETFs in taxable accounts. Sector allocation would be good too. I am NOT looking for something that tracks the markets for an existing portfolio, but something that can simulate and estimate taxes and such for a new portfolio.

stompinstinker

Any suggestions for portfolio planning tools that can do taxation?

/r/CanadianInvestor/comments/1es4ht9/any_suggestions_for_portfolio_planning_tools_that/

1es678u

ghostofcaseyjones

News

Rogers says Corus' business model 'broken' after being accused of 'predatory' action

/r/CanadianInvestor/comments/1es678u/rogers_says_corus_business_model_broken_after/

1es6l01

Hello there, I have 520k sitting at RBC at 5.6 promotional rate for 3 months set to expire now in August, I have to be kind safe with about 250k which i will need for a down payment in March, I can move the money to BMO for another promotional rate at 5.4 for another 3 months or thinking of putting all in VFV?

Time-Environment-695

HYSA or VFV?

/r/CanadianInvestor/comments/1es6l01/hysa_or_vfv/

1es6sba

Do they just say too bad too sad and liquidate us at whatever the market value is of the standalone company? Do we receive shares in the new spinoff companies? What if the spinoffs don't even go public?

congressmanlol

What happens to shareholders if $GOOG gets broken up?

/r/CanadianInvestor/comments/1es6sba/what_happens_to_shareholders_if_goog_gets_broken/

1esc6le

I am a Canadian resident and have opened a LLC in the USA (Texas). Which bank would allow opening a business account and issue a credit card

Pro-1212

US account for US business while owners are Canadian residents

/r/CanadianInvestor/comments/1esc6le/us_account_for_us_business_while_owners_are/

1eskaf5

Hey 🇨🇦 gang, as the title suggests, I’ve been investing a significant portion in income-producing ETFs, and even after a 15% withholding tax on US-derived income, I'm still going to face a hefty tax bill this year since this income will count as part of my personal income. That said, I'm considering ways to mitigate this tax situation. I’ve heard that it’s perfectly acceptable to have a non-registered account owned by a business entity (like a corporation). This way, the derivative income from my investments would be classified as business income, potentially receiving more favorable tax treatment compared to being considered personal income on a T5. I know it’s a long shot, but I’m curious if any of you have faced a similar situation and implemented such a strategy.

sgnify

Investment Account Held by Business Entity

/r/CanadianInvestor/comments/1eskaf5/investment_account_held_by_business_entity/

1eskc6z

Been seeing this a lot in many of my feeds basically it's NASDAQ but just tech. What are thoughts on this as it just launched. The volume is very low. Or just go with VFV or qqqm?

Throwaway2600k

Evolve NASDAQ Technology Index Fund (QQQT)

/r/CanadianInvestor/comments/1eskc6z/evolve_nasdaq_technology_index_fund_qqqt/

1esrb9u

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Daily Discussion Thread for August 15, 2024

/r/CanadianInvestor/comments/1esrb9u/daily_discussion_thread_for_august_15_2024/

1est2rc

BudBundyPolkHigh

I have WealthSimple and want to reduce trading costs. Should I invest in AMZN or AMZN.NE the Canadian hedged version? Hedge or no hedge, that is the question?

/r/CanadianInvestor/comments/1est2rc/i_have_wealthsimple_and_want_to_reduce_trading/

1esvnn1

Hey guys, I'm considering switching brokerages and transferring $350K in equities, spread across my TFSA, RRSP, and unregistered accounts, in-kind. Has anyone here had experience with similar transfers? I'd appreciate hearing about any potential challenges and issuesI should be aware of. Also, is there anything specific I should make sure to document before initiating the transfer process? Lastly, if you’re a TD Direct Investing customer, how has your overall experience been?

MandalorianBeskar

Seeking opinions on switch from Wealthsimple to TD DI

/r/CanadianInvestor/comments/1esvnn1/seeking_opinions_on_switch_from_wealthsimple_to/

1eszh1e

What site(s) and resources are good for finding hidden gems and new/small cap companies?

Runaway4Everr

Where is a good place to learn about new startups and small cap companies?

/r/CanadianInvestor/comments/1eszh1e/where_is_a_good_place_to_learn_about_new_startups/

1et1o4a

I just know that immediately after i buy, the price is going to tank 😀

Servichay

What's your strategy for knowing when to put in a chunk of money on an ETF or a stock?

/r/CanadianInvestor/comments/1et1o4a/whats_your_strategy_for_knowing_when_to_put_in_a/

1et4zj2

Additional-Rhubarb-8

Canadian engineering giant buys US firm for $2.4B | Canada

/r/CanadianInvestor/comments/1et4zj2/canadian_engineering_giant_buys_us_firm_for_24b/

1et59pi

Cash account Maxed out my TSFA, looking for a good app to buy some stocks. Getting started on quest trade ( which I’m not hearing great things about ) is this a good option for just getting stocks, with a cash account. Lastly would 50% gains get taxed, in Ontario. Thank you!

callmegnomie

Cash account

/r/CanadianInvestor/comments/1et59pi/cash_account/

1et5ut8

Since CRA won't let you sell puts in a TFSA, I like many others here I'm sure, have discovered the in the money covered calls trade that can act the same or similar to secured puts. However, I'm concerned that since they're US style options that they can be called away at any time. Is this something to be worried about, or are they called prior to expiry so rarely as to not cause any significant worry? It seems odd that I can't put up cash in an interest bearing account to cover selling puts as this would seem to be inherently less risky. But then again, maybe I'm missing something. The world of options is complex after all.

spectacular_coitus

In the money covered calls as secured puts in a TFSA

/r/CanadianInvestor/comments/1et5ut8/in_the_money_covered_calls_as_secured_puts_in_a/

1etdw54

Hi all, I don't think the US stock market will do well in the next year or two. I'm considering investing in non-US focused ETFs. Is XEQT a good choice? I know it includes thousands of stocks, but US stocks still seem to make up a significant portion. What do you recommend? Thanks for any advice!

DenchKecia

Non-US focused ETFs and stocks

/r/CanadianInvestor/comments/1etdw54/nonus_focused_etfs_and_stocks/

1etkub3

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Daily Discussion Thread for August 16, 2024

/r/CanadianInvestor/comments/1etkub3/daily_discussion_thread_for_august_16_2024/

1etr4rc

It's so easy Just go to search Type the beggining of the company you're researching and it should pop up. You'll notice that none of the filings you now see are from your company. Don't worry just type 10 in the search by filing number field. Now you can see forms starting with 10 for the company you're researching. Now we're really cooking. Click on your company's name and on their profile page you should find, somewhere in the middle of the page, a button for all company documents. Be sure to download all the documents you might need because the session absolutely will time out and you'll have to repeat these steps again. You've made it. Was that so hard? I don't think it could possibly be easier. Seriously though if there's an easier way please let me know. The company sites are my go to for now.

rahrah1108

Why are people complaining about Sedar+

/r/CanadianInvestor/comments/1etr4rc/why_are_people_complaining_about_sedar/

1etr7v6

I know the CRA is intentionally ambiguous about what constitutes day trading in the TFSA. But if I was to sell and take profit from speculative bets (e.g., Nvidia) and reinvest those profits into new speculative bets, with no intention to withdraw this money any time soon, will this alert the CRA? This isn't consistently buying/selling on a daily basis, but more like a few trades every 1-2 months.

instagigated

TFSA trading + CRA - selling profits to reinvest not withdraw

/r/CanadianInvestor/comments/1etr7v6/tfsa_trading_cra_selling_profits_to_reinvest_not/

1ettkag

TItle is self explanatory :) - If there's others I'm not considering please do share for all of us who may not know this yet!

Prestigious_Belt_541

IS SGOV the USD / US Stock market version of CASH.TO?

/r/CanadianInvestor/comments/1ettkag/is_sgov_the_usd_us_stock_market_version_of_cashto/

1ettmm5

Quite some time ago I did not believe in ETFs yet and invested a bit in StageZero Lifesciences company. It was the start of pandemic and I thought all of the healthcare will do well. SZLS did not and I failed to exit the stock in time. So I kept it around. Checking up on it today I see its price at exactly 0.0, my %P/L column showing -100%. But I still have 8720 shares of it and there are no news of the company going bankrupt. The site is up, CEO posted an update on the company's YouTube channel a few months ago. Apparently they still get some revenue, but not enough to even pay its auditors to complete the paperwork required by the TSX to unfreeze trading. I have wrote off this investment as a mistake (my biggest one, but manageable) and am mostly just curious what happens with it now. I wonder if anybody knows what happens to a company that seems insolvent, but is unwilling to file for bankruptcy?

voronaam

TSX: What happens to stock with zero price?

/r/CanadianInvestor/comments/1ettmm5/tsx_what_happens_to_stock_with_zero_price/

1etubo4

Impressive_Plate

H&R REIT Reports Second Quarter 2024 Results

/r/CanadianInvestor/comments/1etubo4/hr_reit_reports_second_quarter_2024_results/

1etwsd2

Hi all, American here. Been dividend investing for a while now and diversifying into Canadian equities such as BNS, HRUFF, RIOCAN, etc. My question. Are more and more Canadians pessimistic about their economy such that REITs in Canada would go down? I wouldn't think so, but been reading some Canadian subreddits and the tone has been mighty negative on Canada's future. Maybe it's just a noisy minority of keyboard bashers idk. Thanks in advance.

read_rite_rithmatic

Canadian Pessimism?

/r/CanadianInvestor/comments/1etwsd2/canadian_pessimism/

1etye43

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Weekend Discussion Thread for the Weekend of August 16, 2024

/r/CanadianInvestor/comments/1etye43/weekend_discussion_thread_for_the_weekend_of/

1eu4drp

reallyneedhelp1212

RBC rebuts ex-CFO’s lawsuit in court filing, cites detailed text messages, pay raises as evidence

/r/CanadianInvestor/comments/1eu4drp/rbc_rebuts_excfos_lawsuit_in_court_filing_cites/

1eu4vlk

It may be a long shot, I am looking for a Toronto-based financial planner who works with middle class clients investing between $10,000 and $50,000. Any recommendations would be appreciated.

TBat416

Financial Planner/Advisor for Middle Class investments.

/r/CanadianInvestor/comments/1eu4vlk/financial_planneradvisor_for_middle_class/

1eu8jcw

In Registered acct (tfsa, rsp, resp) & in non registered account ? Does it count as Ineligible Dividends for taxation?

Frugal_millionaire1

Anyone know how the taxation works for the dividends from HBND ETF?

/r/CanadianInvestor/comments/1eu8jcw/anyone_know_how_the_taxation_works_for_the/

1euizhs

Has anyone else been asked to fill out this form? We're a small incorporated business in Canada, with no US dealings other than XSP in our investment portfolio. I've never seen this form, and neither has my accountant. I have obviously stated that we're residents of Canada, but TD says that one of the boxes for 1B needs to be checked off, too. The only thing I can think of is "Company with an item of income that meets active trade or business test". I vaguely remember filling out a much shorter version of this form when we first opened the account in order to claim reduced taxation on US derived dividends. I guess the form is longer now. Any light on this appreciated. [https://www.td.com/content/dam/wealth/document/pdf/direct-investing/591854-en.pdf](https://www.td.com/content/dam/wealth/document/pdf/direct-investing/591854-en.pdf)

boobiesforbagels

TD Direct Investing - Limitation on Benefits Statement Form - Help pls

/r/CanadianInvestor/comments/1euizhs/td_direct_investing_limitation_on_benefits/

1eujw5j

Gryphon6ix

GIC rates are below 5% now, but they’re a better deal than ever in one way

/r/CanadianInvestor/comments/1eujw5j/gic_rates_are_below_5_now_but_theyre_a_better/

1euku9e

Unfortunately it’s behind a firewall. Free to read in the Apple stock app. Here’s the Globe link: https://www.theglobeandmail.com/business/article-td-bank-us-money-laundering-scandal/

clash_clan_throw

Globe Article re: TD Money Laundering

/r/CanadianInvestor/comments/1euku9e/globe_article_re_td_money_laundering/

1eukv52

Hello everyone, I am using fake numbers here to make it simpler: If you have to take a $1,000,000 mortgage at 10% and you have $100K in a TFSA with an average gain of 10% Whenever you leave the $100K in your TFSA or use the money to lower the mortgage amount does not make any difference. However doesn't the fact that the TFSA gains are tax free plays a role here? Something is telling me that it should be the case, but I cannot put that in a formula to show it. Does anyone has any insights ? Thx T.

Tereva_Lostlagon

Mortgage vs TFSA : does the tax benefit play a role?

/r/CanadianInvestor/comments/1eukv52/mortgage_vs_tfsa_does_the_tax_benefit_play_a_role/

1eunuri

Seen many different opinions but I don’t know which to pick, I won’t be investing a lot of money and I want to buy and sell at the shortest within a month, which account should I open?

testing12345577

Should I open a tsfa or cash account in Wealthsimple

/r/CanadianInvestor/comments/1eunuri/should_i_open_a_tsfa_or_cash_account_in/

1ev2pdz

I'm a Canada/USA dual citizen and want to get a TFSA set up to start investing. [Canadian in a T-Shirt](https://www.youtube.com/watch?v=IlSEg6Fux_A&t=144s) has a video explaining how, as a Canadian, you're considered a "foreign investor" and automatically pay a 15% tax on dividends paid out from ETFs holding US stocks. (I am aware that you can avoid this tax if you hold these ETFs in an RRSP.) But are dual citizens investing in TFSAs considered "foreign investors?" Would I get lucky and not pay the tax because I'm a US citizen? This would be really nice because I wouldn't have to open up two accounts. Can't find the answer anywhere.

safetybubble

Do dual citizens pay US withholding tax?

/r/CanadianInvestor/comments/1ev2pdz/do_dual_citizens_pay_us_withholding_tax/

1evctee

I have a TFSA account at IBKR and I've been trying to make sense of the rules about holding bonds, when is it qualified etc., but I don't find it very clear from the website (https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-3-property-investments-savings-plans/series-3-property-investments-savings-plan-folio-10-registered-plans-individuals/income-tax-folio-s3-f10-c1-qualified-investments-rrsps-resps-rrifs-rdsps-tfsas.html#toc8). They only list 'some of the more common debt obligations that are qualified investments' which doesn't tell me much about what are the non-qualified ones. The most general point is h): 'a debt obligation that has, or had at the time of purchase, an investment grade rating (generally BBB or higher) with a prescribed credit rating agency (see ¶1.31) and was issued as part of a single issue, or under a continuous issuance program, of debt of at least $25 million'. My main interest would be government bonds and treasury bills but it's not clear if there is a clear restriction on the issuing country (see point a): 'a debt obligation issued or guaranteed by the Government of Canada (for example, Canada Savings Bonds)' ). Can I hold US bonds for example without having to pay taxes? Or any other country?

AshamedAssignment932

Bonds in TFSA

/r/CanadianInvestor/comments/1evctee/bonds_in_tfsa/

1evespv

I'm looking to invest in a gold etf or group of stocks, what is the best way to do so? I've seen XGD thrown around a few times in some related posts

Minimum-Order-

Looking to invest in gold, advice?

/r/CanadianInvestor/comments/1evespv/looking_to_invest_in_gold_advice/

1evg1zp

Ive been asking around about this and have never been satisfied with the answers i get from financial advisors. I have my principal property with 500k mortgage and a rental property for around 250k. Not hurting financially and i always think what is the better rout to go? Start putting down money on the mortgages or just simply invest it in the stock market. Im in my 40s, married no kids living in Alberta. What are peoples thoughts on this? Edit: my principal residence interest rate is 1.42% , maturing 2026 . Rental is at 2.5% maturing 2026 as well.

cclarkson24

Invest vs Paying off mortgage

/r/CanadianInvestor/comments/1evg1zp/invest_vs_paying_off_mortgage/

1evg8yj

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Overnight Discussion Thread to Kick Off the Week of August 18, 2024

/r/CanadianInvestor/comments/1evg8yj/overnight_discussion_thread_to_kick_off_the_week/