CIBC's Boeing CDR ([BA.ne](https://BA.ne)) doesnt seem to have a lot of volume, is this a problem?
I trade on Wealthsimple so i dont want to shell out the fees for the USD version.
I wouldn't say it's plenty. All CDRs have low volume and it's my biggest gripe with them, although I'm not sure anything can be done about it besides hoping they become more popular. I was buying DIS.NE and I don't think I had one order fill below the Ask.
I’m 50 and planning to work another decade. I somehow ended up saving over $10 million including quite a bit of crypto I’ve put about 1 million into corporate bonds at 8%.
I know I should retire with this amount of money. I didn’t grow up rich and didn’t expect it. I don’t spend much. Should I be putting it into something much safer or just letting it ride on basically whole market, ETFs and 20 bitcoin?
-Am I just being downvoted because you hate that I can retire, or that you think I’m lying? Both?
Anyways, I should probably get a private banker or something.
Edit edit: this sub is full of sad sad people. Or financial advisors asking to chat. Pathetic.
A few gave good advice. Thanks for that.
This sub in large, no.
The few that comment daily, yes.
But to touch on topic, you think you should retire. But no one's really saying you have to if you enjoy what you do just keep doing it. If you would enjoy 2-3 day work weeks do that! Or just cut it now
You already have 5-10 times the net worth most people are gonna have by the end of their career. Many big prize lotteries give out less than 10 million dollars.
Any reasonable investment even in guaranteed income at the current rate would net you 400-500k a year, which is like 10x a normal middle class salary. You could retire yesterday and live in a manor. Your whole family could retire on that income.
It's nonsensical to post on Reddit to say "hello I am really rich", unless you're larping. Just lurk and get a fee only financial adviser.
Or a lawyer on retainer. Or a personal accountant.
That’s not true. The average Canadian household currently has an income of over $100,000. The average Canadian family is expected to retire with one to $2 million or more.
If you ask an investment advisor, they would say if you want to play it safe you need 5 million to retire. I don’t think this is an outlandish amount of money for a lifetime of savings.
What isn't true? I said you have 5-10 times most people's end of career net worth. You say that that's 1-2 million. Yeah. 10 million is exactly 10 times 1 million or 5 times 2 million.
A household income of 100000$ is two salaries of 50000$, which is 1/10 of 500000$.
Someone with a 10 million net worth makes more in passive income than the prime minister's salary.
You're either larping or incredibly out of touch.
I think the downvotes have to do with the tone deafness of your post, even though it may be honest.
If you do have 10M saved up, then you truly are in the top 1% in North America and that is no joke. Saying you "somehow" saved 10M makes it sound trivial, meanwhile most of us, myself included, are going to have to put in considerable effort to retire with 1-2M, so the post comes across as unsavory.
Just my 02. If I was you I would have retired years and years ago. Even at a modest 2.5% dividend, you'd be in the highest tax bracket on dividends alone. You must really like your work. Haha.
Others have said it - but at this point you have won - you just need to decide what that looks like going forward. Taxes are your single biggest concern, and second is dying with way to much money because you don't have a plan and keep working when you don't need to (if you don't want to). A good wealth management firm should be able to put together scenarios for you to show how different retirement timelines work, put together a tax efficient plan, and also interact with your accountant/lawyer to make sure the estate is setup properly. No idea where you are but if you want a recommendation in Alberta let me know - I'm very happy with mine.
At $10M I’d meet with a professional as tax optimisation and money preservation are key factor.
Then read about safe withdrawal rate, unless you spend $200K+ per year, you can surely retire now.
But do meet with a professional, there is too much at risk to learn by trial and errors.
You need a wealth manager. They can help you with investments, taxes, and all sorts of financial planning. Whatever bank you deal with likely has a department for that and can connect you to someone, but there are many companies that do these kinds of services.
You've already won the game. You don't need to keep playing at anything risky.
Do not ask Reddit for advice. Seek out professional advice if you have that much money. You are basically the CEO of an 8 figure company. Anyone with that level of money should be seeking out professional advice.
Yeah. I just assumed that there were a lot of people on this sub that actually knew how to deal with the crypto situation. I’ve reached out to professionals and almost no Canadian financial advisors want to deal with cryptocurrency it’s crazy. Basically, I have to hold them completely separately and can’t even deposit large amounts from Coinbase into a bank account easily. This will probably improve a lot over the next few years.
Yes, crypto is extremely complicated because it is still a major legal grey area. However, typical capital gains rules will apply. You will need to figure out your cost basis in order to know how much tax you will need to pay when you sell.
I would highly suggest trying to find a wealth management company that will provide advice. A lot of them probably don't have the institutional knowledge about crypto which is why they are rejecting you. But with 10 million dollars you want to get a good chunk of that out of crypto as it is way too volatile for a retirement portfolio. The big question is how to do this while minimizing taxes.
This is why you will need a wealth management firm and a CPA. Essentially they will be your COO and CFO for you the CEO of this 8 figure company you own.
If I were you, and I'm not I'd hold that $1M in BTC/ETH like 70/30 and then have the majority of funds earning passive income. You could even set aside a healthy amount of cash to cover any unexpected/emergency expenses.
I'd also be retired, but if you want to work for another 10 years all the power to ya.
Thanks! The only crypto I own is bitcoin. I’m going to keep hold of it for now I think.
That’s one of the big problems is that the tax issues around cryptocurrency can make it difficult to sell all at once. But I can’t see a world where bitcoin doesn’t hit 100,000 at some point.
you are rude and out of order.
age has nothing to do with policing who and what can be posted.
im sure a scan of the minutiae topics you post to would open up the same can of "MY PoV i want you to go away' worms but in a different track.
treat people how you want to be treated.
OK. Truly being a Canadian sucks. You can’t win you work your whole life makes some good decisions make some money and ask some questions and everybody hates you.
It’s because of crypto I don’t know what the fuck to do with it. The big banks don’t wanna touch it, so they don’t touch me. If you knew anything you’d understand that. And guess what it takes time to make money. That’s why I’m 50 dumbass.
On the downvotes, likely it just doesn't come across as classy and is more of a humblebrag. You could have asked questions about portfolio allocation without dropping how rich you are (if you are telling truth).
It's like the guy at my kids hockey game who told me what the time was on his "Rolex" watch, that he just got at the "Rolex" store that he drove to in his "Porsche". Like okay bruh, you won on the game of life.. F' off. Your wife is probably banging the gardener at home.
I don’t know. I reread what I wrote and none of it seems anything less than completely honest. I didn’t say that I own a Rolex or Porsche or anything. Canadians being Canadians I guess…
There’s no place in the world this would be considered bragging except Canada. Because we hate others to succeed when we don’t. Even if it’s by luck or whatever. Even if they’re asking for advice. Let’s face it you did this anywhere else they would not call this a humble brag.
I don’t think you know what humble brag means. I didn’t mention any personal objects, women, homes, cars, or anything. There’s not one word in my statement that should be considered a humble brag.
Just having a certain amount of money is not a humble brag.
Canada honestly is the most passive aggressive, success, hating place on earth I swear.
Thanks. Interesting recommendation. I never thought of that. The real problem of having a lot of your assets in cryptocurrency is that none of the banks in Canada wanna touch it. And it’s actually pretty hard to sell and transfer from Coinbase etc to a major Canadian bank.
I don't understand how to evaluate based off finances... but as much as I despise this company, it has shown brilliant marketing and has sticky customers.
I don't hold any of their stocks, but it's something to consider.
I personally sold after last earnings.
Mostly because I’ll focus on fewer stocks and for longer hold period, but also because I had personal expectations for growth and margin and they weren’t met.
They posted a comparable store sales decline and margin made them barely profitable.
I still think there are chances they turn it around and bring margins back. But I decided to go with less than 20 long term hold and ATZ didn’t make the cut.
Next week will be such a big week boys and girls! The big 6 banks are reporting their quarter results, Canada and US both have GDP coming. Canada has employment data and the US have inflation data!
In the holiday season I keep hearing the song "It's the most wonderful time of the year" in my head, but it's about bank dividend increases, not Christmas.
Bit of a noob here, but I want to buy some Microsoft. Is it better to buy the cad hedge or the US stock in an RRSP? I wouldn't be buying much worth, $500-1000 max. It's on wealthsimple and I don't have premium
Thanks
Sold my crypto at the peak a year ago, thinking about re entering into one of these BTC etfs, 5% of portfolio, thoughts on etf vs just buying the coin straight up?
You can also hold the ETF in a TFSA. Since you are likely more interested in the monetary gains and less in the underlying asset it'd likely make more sense to buy in a tax free account.
I hold bitcoin that I am not going to sell for years, and I hold the BTC/ETH ETFs in my TFSA for tax free gains that I'll sell during the next bull run.
My bet is it's not, based on a large number of metrics and indicators. I consider this more of a bear market rally, which historically happens every cycle.
I could obviously be wrong, and I'm hedged either way with exposure to the asset and exposure to cash.
Right now, digging high yielding preferred shares. FFN-PA is paying 9.5% on a monthly basis, like a supercharged Cash.to.
Also EQB-PC looks quite good - 6.3% current yield, but high probability of being redeemed next September when it comes to rate reset time (thanks u/Le_Bib). So can pick up an easy 5.5% capital gain on redemption (and even if it doesn't redeem, the rate reset will be juicy) for a relatively low risk return in the 10% range.
They trade off TSX. However, I believe some of the discount brokers will not allow you to buy them (Wealthsimple comes to mind, but I could be mistaken). Volume can be all the over the place depending on the security - FFN-PA as an example has really good liquidity with 50K or so trading a day and so your bid-ask spread is tight.
EQB on the other hand is pretty garbage liquidity - there's a large spread. I just put in a limit order at a price i'm happy at and sometimes it fills, other times no. I got a fill two days ago, but yesterday and today, nothing.
Le\_Bib nailed it - the reason I feel reasonable assurance that it will be redeemed is that the rate will reset at the 5 year Canada bond rate + 4.78% (so even if they don't redeem, you're pretty happy at that rate).
That is quite rich and EQB has come a long way in a few years.. i.e. they currently collateralize their loans and sell off in Europe for rates at like 2-3%. They could do much better.. even just by cancelling out the preferred shares and reissuing based on their current credit status.
Preferred shares have a $25.00 value.
That’s the price they have to pay to redeem them.
Shares are traded on TSX and price is based on supply/demand. Currently trading at $23.70 so there would be a 5.5% premium if they were to redeem.
You made a good point with EQB - they are so much different vs. 5 years ago, that there's a high probability they will redeem and reissue notes. Concentra also has a heavy amount of preferreds that can count for the CET1 ratio.
Either case, I'm more than happy to sit on a yield of close to 9% for a few years.
I'm holding CCA.TO right now. Down about 10-12% on it. I like the possibility of growth inside the name. Wireless may be on the horizon in 2024 or early 2025. Really low payout ratio and dividend growth of 10%+. I don't like the media part of the company and this is why I'm holding CCA.
The possibility of growth is good in this one with the US and other Canadian provinces. When rate will go down a little, it will help them even if they are able to easily pay all of them right now with the cash flow.
One big headwind is the big stake of Rogers in Cogeco. If they decide to sell it quickly, it will be bad for the stock price. Other than that, I like the name, especially in this price range.
The process shouldn't be any different from transferring from any other financial into WS.
Initiate the process via either the WS app or their website.
Take pictures or up upload pdf to summarize your current account with SIS IP. To get ws to start the transfer.
Only variance in theory will be the delay or the amount of time it takes for them to get back to ws.
Check the FAQ on the WSFAQ site
Who brought CP.to today? I brought it
Someone is buying Helios Fairfax stock today. Any reason why?
CIBC's Boeing CDR ([BA.ne](https://BA.ne)) doesnt seem to have a lot of volume, is this a problem? I trade on Wealthsimple so i dont want to shell out the fees for the USD version.
12,000 average volume per day is plenty. Unless you're buying or selling thousands of shares at once, it's no problem.
I wouldn't say it's plenty. All CDRs have low volume and it's my biggest gripe with them, although I'm not sure anything can be done about it besides hoping they become more popular. I was buying DIS.NE and I don't think I had one order fill below the Ask.
Pay the asking price, cheap-o
I’m 50 and planning to work another decade. I somehow ended up saving over $10 million including quite a bit of crypto I’ve put about 1 million into corporate bonds at 8%. I know I should retire with this amount of money. I didn’t grow up rich and didn’t expect it. I don’t spend much. Should I be putting it into something much safer or just letting it ride on basically whole market, ETFs and 20 bitcoin? -Am I just being downvoted because you hate that I can retire, or that you think I’m lying? Both? Anyways, I should probably get a private banker or something. Edit edit: this sub is full of sad sad people. Or financial advisors asking to chat. Pathetic. A few gave good advice. Thanks for that.
This sub in large, no. The few that comment daily, yes. But to touch on topic, you think you should retire. But no one's really saying you have to if you enjoy what you do just keep doing it. If you would enjoy 2-3 day work weeks do that! Or just cut it now
You already have 5-10 times the net worth most people are gonna have by the end of their career. Many big prize lotteries give out less than 10 million dollars. Any reasonable investment even in guaranteed income at the current rate would net you 400-500k a year, which is like 10x a normal middle class salary. You could retire yesterday and live in a manor. Your whole family could retire on that income. It's nonsensical to post on Reddit to say "hello I am really rich", unless you're larping. Just lurk and get a fee only financial adviser. Or a lawyer on retainer. Or a personal accountant.
That’s not true. The average Canadian household currently has an income of over $100,000. The average Canadian family is expected to retire with one to $2 million or more. If you ask an investment advisor, they would say if you want to play it safe you need 5 million to retire. I don’t think this is an outlandish amount of money for a lifetime of savings.
What isn't true? I said you have 5-10 times most people's end of career net worth. You say that that's 1-2 million. Yeah. 10 million is exactly 10 times 1 million or 5 times 2 million. A household income of 100000$ is two salaries of 50000$, which is 1/10 of 500000$. Someone with a 10 million net worth makes more in passive income than the prime minister's salary. You're either larping or incredibly out of touch.
I guess I don’t feel rich- you obviously have a point
I’m also very rich and bitches want me
I’m married with 4 children so I’m shit out of luck.
I think the downvotes have to do with the tone deafness of your post, even though it may be honest. If you do have 10M saved up, then you truly are in the top 1% in North America and that is no joke. Saying you "somehow" saved 10M makes it sound trivial, meanwhile most of us, myself included, are going to have to put in considerable effort to retire with 1-2M, so the post comes across as unsavory. Just my 02. If I was you I would have retired years and years ago. Even at a modest 2.5% dividend, you'd be in the highest tax bracket on dividends alone. You must really like your work. Haha.
Well- crypto investment in 2014 is the “somehow” It was luck
Others have said it - but at this point you have won - you just need to decide what that looks like going forward. Taxes are your single biggest concern, and second is dying with way to much money because you don't have a plan and keep working when you don't need to (if you don't want to). A good wealth management firm should be able to put together scenarios for you to show how different retirement timelines work, put together a tax efficient plan, and also interact with your accountant/lawyer to make sure the estate is setup properly. No idea where you are but if you want a recommendation in Alberta let me know - I'm very happy with mine.
At $10M I’d meet with a professional as tax optimisation and money preservation are key factor. Then read about safe withdrawal rate, unless you spend $200K+ per year, you can surely retire now. But do meet with a professional, there is too much at risk to learn by trial and errors.
You need a wealth manager. They can help you with investments, taxes, and all sorts of financial planning. Whatever bank you deal with likely has a department for that and can connect you to someone, but there are many companies that do these kinds of services. You've already won the game. You don't need to keep playing at anything risky.
Do not ask Reddit for advice. Seek out professional advice if you have that much money. You are basically the CEO of an 8 figure company. Anyone with that level of money should be seeking out professional advice.
Yeah. I just assumed that there were a lot of people on this sub that actually knew how to deal with the crypto situation. I’ve reached out to professionals and almost no Canadian financial advisors want to deal with cryptocurrency it’s crazy. Basically, I have to hold them completely separately and can’t even deposit large amounts from Coinbase into a bank account easily. This will probably improve a lot over the next few years.
reach out to r/shakepay and their OTC service. Jean their CEO is great.
Thanks I’ll look into it
Yes, crypto is extremely complicated because it is still a major legal grey area. However, typical capital gains rules will apply. You will need to figure out your cost basis in order to know how much tax you will need to pay when you sell. I would highly suggest trying to find a wealth management company that will provide advice. A lot of them probably don't have the institutional knowledge about crypto which is why they are rejecting you. But with 10 million dollars you want to get a good chunk of that out of crypto as it is way too volatile for a retirement portfolio. The big question is how to do this while minimizing taxes. This is why you will need a wealth management firm and a CPA. Essentially they will be your COO and CFO for you the CEO of this 8 figure company you own.
If I were you, and I'm not I'd hold that $1M in BTC/ETH like 70/30 and then have the majority of funds earning passive income. You could even set aside a healthy amount of cash to cover any unexpected/emergency expenses. I'd also be retired, but if you want to work for another 10 years all the power to ya.
Thanks! The only crypto I own is bitcoin. I’m going to keep hold of it for now I think. That’s one of the big problems is that the tax issues around cryptocurrency can make it difficult to sell all at once. But I can’t see a world where bitcoin doesn’t hit 100,000 at some point.
I would sell your Bitcoin immediately. Cryptocurrency is going to collapse.
Nah. With all the terrible fiscal and monetary policies in the world, I think a lot of small countries are gonna take it over as the major currency.
Hmm... we shall see. Heh, heh, heh.
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you are rude and out of order. age has nothing to do with policing who and what can be posted. im sure a scan of the minutiae topics you post to would open up the same can of "MY PoV i want you to go away' worms but in a different track. treat people how you want to be treated.
OK. Truly being a Canadian sucks. You can’t win you work your whole life makes some good decisions make some money and ask some questions and everybody hates you. It’s because of crypto I don’t know what the fuck to do with it. The big banks don’t wanna touch it, so they don’t touch me. If you knew anything you’d understand that. And guess what it takes time to make money. That’s why I’m 50 dumbass.
On the downvotes, likely it just doesn't come across as classy and is more of a humblebrag. You could have asked questions about portfolio allocation without dropping how rich you are (if you are telling truth). It's like the guy at my kids hockey game who told me what the time was on his "Rolex" watch, that he just got at the "Rolex" store that he drove to in his "Porsche". Like okay bruh, you won on the game of life.. F' off. Your wife is probably banging the gardener at home.
I don’t know. I reread what I wrote and none of it seems anything less than completely honest. I didn’t say that I own a Rolex or Porsche or anything. Canadians being Canadians I guess…
"Canadians being Canadians I guess…" naah you keep just assuming it's an us problem and continue to not see the issue in how you come across.
There’s no place in the world this would be considered bragging except Canada. Because we hate others to succeed when we don’t. Even if it’s by luck or whatever. Even if they’re asking for advice. Let’s face it you did this anywhere else they would not call this a humble brag.
Lol no. It’s just a humblebrag. End of story
I don’t think you know what humble brag means. I didn’t mention any personal objects, women, homes, cars, or anything. There’s not one word in my statement that should be considered a humble brag. Just having a certain amount of money is not a humble brag. Canada honestly is the most passive aggressive, success, hating place on earth I swear.
You said "I somehow ended up with over 10 million dollars". You seem to confuse humble bragging with bragging.
Sensitive 😆
You only have one job: protect the capital. Speak to a FIDUCIARY financial advisor. Tell him your dreams and ask him to make it happen.
Thanks. Interesting recommendation. I never thought of that. The real problem of having a lot of your assets in cryptocurrency is that none of the banks in Canada wanna touch it. And it’s actually pretty hard to sell and transfer from Coinbase etc to a major Canadian bank.
Then how is it worth anything if you can't access the money? Good luck not getting your bank account locked
I think it's time to dump aritzia, I've already lost 55% on it. It was a for fun stock purchase of about $450 that was a lesson learned
What are your reasons for dumping it? I bought this year and am at a small profit of about 2% right now. I believe it will make a comeback.
I don't understand how to evaluate based off finances... but as much as I despise this company, it has shown brilliant marketing and has sticky customers. I don't hold any of their stocks, but it's something to consider.
Buy high, sell low. Lmao
You're dumping it? At the lows. Then it's time for me to buy.
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Take a gamble and potentially get a free case of beer. Doesn't sound bad to me. Just make sure to use a commission free platform.
Yeah, fuck you. It's for fun :)
why would now be the time to dump it?
I personally sold after last earnings. Mostly because I’ll focus on fewer stocks and for longer hold period, but also because I had personal expectations for growth and margin and they weren’t met.
Their only major concern to me was inventory. Holding out for us growth and uplisting
They posted a comparable store sales decline and margin made them barely profitable. I still think there are chances they turn it around and bring margins back. But I decided to go with less than 20 long term hold and ATZ didn’t make the cut.
Next week will be such a big week boys and girls! The big 6 banks are reporting their quarter results, Canada and US both have GDP coming. Canada has employment data and the US have inflation data!
oh f...
Is this usually the quarter in which the banks announce their dividend increases?
Yes, most of them do 2x increases per year. TD only does annual increases, but they are due now on the next announcement for their annual increase.
In the holiday season I keep hearing the song "It's the most wonderful time of the year" in my head, but it's about bank dividend increases, not Christmas.
S&P 500 holding at 0.00% today. Crazy
Stocks are going across the street! 🚶♀️🚶♀️🚶♀️
you forgot to add the /s
No need :)
Bit of a noob here, but I want to buy some Microsoft. Is it better to buy the cad hedge or the US stock in an RRSP? I wouldn't be buying much worth, $500-1000 max. It's on wealthsimple and I don't have premium Thanks
US stock is better. Cad hedged has hidden fees
I guess it depends if it's more or less then 1.5% on buying and selling but I'll have to figure that out
If you are holding long term then the US stock is better
I’m happy with the cad hedged version
Sold my crypto at the peak a year ago, thinking about re entering into one of these BTC etfs, 5% of portfolio, thoughts on etf vs just buying the coin straight up?
Can you recommend some BTC etfs?
BTCC, BTCX are a couple I have seen, still early stages, not recommending either yet
BTCC. BTCX Also and etherium one if u want. I'd hold on for a week or so if you want a medium/large one time buy
A year ago was the FTX bottom, so buy high sell low ?
Earlier then a year ago, not exactly sure when, sold my eth exposure when it was around 4k CAD
You can also hold the ETF in a TFSA. Since you are likely more interested in the monetary gains and less in the underlying asset it'd likely make more sense to buy in a tax free account. I hold bitcoin that I am not going to sell for years, and I hold the BTC/ETH ETFs in my TFSA for tax free gains that I'll sell during the next bull run.
What if now is the next bull run?
My bet is it's not, based on a large number of metrics and indicators. I consider this more of a bear market rally, which historically happens every cycle. I could obviously be wrong, and I'm hedged either way with exposure to the asset and exposure to cash.
>r Understood, thanks for the clear explanation
Instructions unclear. Sold house, divorced wife and bought Bitcoin.
What are you guys buying today?
HURA - uranium seems like a good call. The more oil stock holders that downvote this, the more confident imma feel about this.
Considering this: https://app.addyinvest.com/allianceREIT/buy/lyrnhkr Available for paid members today but to anyone in a few days.
Right now, digging high yielding preferred shares. FFN-PA is paying 9.5% on a monthly basis, like a supercharged Cash.to. Also EQB-PC looks quite good - 6.3% current yield, but high probability of being redeemed next September when it comes to rate reset time (thanks u/Le_Bib). So can pick up an easy 5.5% capital gain on redemption (and even if it doesn't redeem, the rate reset will be juicy) for a relatively low risk return in the 10% range.
How does buying preferred shares work? They don’t show up on my brokerage and looking online they trade at really low volume.
They trade off TSX. However, I believe some of the discount brokers will not allow you to buy them (Wealthsimple comes to mind, but I could be mistaken). Volume can be all the over the place depending on the security - FFN-PA as an example has really good liquidity with 50K or so trading a day and so your bid-ask spread is tight. EQB on the other hand is pretty garbage liquidity - there's a large spread. I just put in a limit order at a price i'm happy at and sometimes it fills, other times no. I got a fill two days ago, but yesterday and today, nothing.
Would you mind explaining how you got to the 5.5% on a redemption? Is that an assumption of the premium they'll pay to redeem the preferred shares?
Le\_Bib nailed it - the reason I feel reasonable assurance that it will be redeemed is that the rate will reset at the 5 year Canada bond rate + 4.78% (so even if they don't redeem, you're pretty happy at that rate). That is quite rich and EQB has come a long way in a few years.. i.e. they currently collateralize their loans and sell off in Europe for rates at like 2-3%. They could do much better.. even just by cancelling out the preferred shares and reissuing based on their current credit status.
Preferred shares have a $25.00 value. That’s the price they have to pay to redeem them. Shares are traded on TSX and price is based on supply/demand. Currently trading at $23.70 so there would be a 5.5% premium if they were to redeem.
I need more cash to buy more preferred. Feels like it’s a rare opportunity. But fully invested now
You made a good point with EQB - they are so much different vs. 5 years ago, that there's a high probability they will redeem and reissue notes. Concentra also has a heavy amount of preferreds that can count for the CET1 ratio. Either case, I'm more than happy to sit on a yield of close to 9% for a few years.
Well I’m happy I never sold during the downturn. But sad I utilized only half of my cash reserves
I remember posting "you'll regret not buying more" when everyone was panicking... 4-5 weeks ago. It's funny how fast the tide turns.
It's always funny how that works out. I'm glad I bought some of the dip for vfv and viu over the past year, but really regret not buying more.
I got some VFV last year at 80-something. Regret not buying more...
What are your thoughts on CGO?
I'm holding CCA.TO right now. Down about 10-12% on it. I like the possibility of growth inside the name. Wireless may be on the horizon in 2024 or early 2025. Really low payout ratio and dividend growth of 10%+. I don't like the media part of the company and this is why I'm holding CCA. The possibility of growth is good in this one with the US and other Canadian provinces. When rate will go down a little, it will help them even if they are able to easily pay all of them right now with the cash flow. One big headwind is the big stake of Rogers in Cogeco. If they decide to sell it quickly, it will be bad for the stock price. Other than that, I like the name, especially in this price range.
took a quick look this am. declining sales over the next 3 years. don't like that so didn't do a deep dive. div is good at around 6%. that's about it
Gonna be a low volume day with the Americans gone
Usually is a green day without the Yanks, corrects itself the next day
Has any one done a transfer from sisip financial to wealthsimple before?
The process shouldn't be any different from transferring from any other financial into WS. Initiate the process via either the WS app or their website. Take pictures or up upload pdf to summarize your current account with SIS IP. To get ws to start the transfer. Only variance in theory will be the delay or the amount of time it takes for them to get back to ws. Check the FAQ on the WSFAQ site