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Nofeed posted:Sorry, that's referring to the rate the bank gave me on the term deposit. Ah gotcha that makes sense, then yeah go for it! Nothing wrong with XBAL.
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May 12, 2020 15:22
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Nofeed posted:Sorry, that's referring to the rate the bank gave me on the term deposit. I think you may be overestimating how volatile XGRO really is, but yes XBAL moves less. Nothing wrong with being 'all-in' on either. I'm all in on XGRO myself.
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May 12, 2020 16:48
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VelociBacon posted:I think you may be overestimating how volatile XGRO really is, but yes XBAL moves less. If you look at a chart for XGRO and XBAL for the past 6 months, they are basically exactly the same, including the crash and recovery. For numbers: XGRO highest: 22.33, lowest: 16.57, difference: 5.76 or 26% of high XBAL highest: 24.64, lowest: 19.23, difference: 5.41 or 22% of high xtal fucked around with this message at 18:43 on May 12, 2020 |
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May 12, 2020 18:40
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A one time 4% delta is not significant, but consider that the divergence increases over time.
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May 12, 2020 21:49
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Thanks for the input and help so far, this thread has been great. After reading more and thinking about my current situation and saving horizon, it does appear that XGRO is probably the right option for me. Here's what I was thinking of doing over the next month: 1. Invest the $30,000 term deposit (Plus my paltry interest on it!) into XGRO in a TFSA account on Qtrade. 2. I'll be receiving a very large tax-free sum from my employer in June, allowing me to top up the TFSA to the current maximum, going "all in" on the same ETF as above, with some to spare to add to my short/medium term savings as well. Which leaves me with a couple questions: 1. Does QTrade support DRIP for XGRO? As I understand it this is probably the best way to "use" the distributions. 2. For my short/medium term savings, I think getting them over into a High Interest Savings account would be prudent as my current financial institution gives me 0.3%. Would anyone have a specific suggestion of institution, or a recommendation for a different approach? The LBC Digital High Interest Savings Account looks like a good option, but I may be missing something in the fine print. 3. Am I missing anything else, generally? What is something you wish you know before you started on your own journeys in this stuff?
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May 13, 2020 16:45
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Nofeed posted:2. For my short/medium term savings, I think getting them over into a High Interest Savings account would be prudent as my current financial institution gives me 0.3%. Would anyone have a specific suggestion of institution, or a recommendation for a different approach? The LBC Digital High Interest Savings Account looks like a good option, but I may be missing something in the fine print. Definitely find an account that pays more interest. This list (which you may have already found) is kept up to date: https://www.highinterestsavings.ca/chart/ just sort by rate until you find something that looks alright (CDIC coverage is good). The account with the highest rate changes now and then, but the top ten tend to remain in the top ten. Most of them can probably be spoken to by someone in the thread. I can say EQ Bank and Hubert Financial work fine, though Hubert required snail mailing a form to open the account (may have changed, this was years ago). quote:3. Am I missing anything else, generally? What is something you wish you know before you started on your own journeys in this stuff? That I'm not necessarily an idiot for going so long without knowing there are no- and low-fee options. It's not widely known, probably for frustrating reasons.
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May 13, 2020 17:09
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Nofeed posted:1. Does QTrade support DRIP for XGRO? As I understand it this is probably the best way to "use" the distributions.
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May 13, 2020 17:38
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pokeyman posted:
I normally use EQ Bank and can happily vouch for them, but Tangerine has a 2.8% promo savings rate until....August?...which makes them my vote-of-choice. Still, month-over-month, EQ Bank does better.
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May 13, 2020 22:52
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Good to maintain a Tangerine account in order to take advantage of their bonus interest periods every year.
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May 13, 2020 22:53
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I've got a probably dumb question. I'm looking around at some ETF's, and have my eye on FCCD.TO For some reason it doesn't seem to be active/charting today, I can't for the life of me figure out why. It's Wednesday, everything else is active, why is this specific fund not charting?
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May 20, 2020 16:54
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Shappa posted:I've got a probably dumb question. It's charting, it's just extremely low volume. Average 7.90k volume on it is super low. Take a look at the volume traded on the other ones you're seeing. e: Just looked up some alternatives to that, XDV is the blackrock version and it's average volume is 383k. VelociBacon fucked around with this message at 17:22 on May 20, 2020 |
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May 20, 2020 17:12
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VelociBacon posted:It's charting, it's just extremely low volume. Average 7.90k volume on it is super low. Take a look at the volume traded on the other ones you're seeing. Thanks, finally found a chart for it. Don't think I've ever run into that before and it was driving me nuts why I couldn't figure out what was probably a simple explanation. I've got XDV on the watch list as well, might go for that since it won't give me OCD trying to find a live chart for it haha.
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May 20, 2020 17:44
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How's the bitcoin goons portfolio looking these days?
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May 27, 2020 00:16
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Held my breath and looked at my portfolio, saw I'm down about 10% from before the bottom fell out of everything.... so I guess that's better than the 25%+ it was weeks ago.. so I'll take that as a good thing. Noticed I had some GICs mature in my LIRA that I need to re-invest. Other than laddering again (which is my default for my LIRA as I keep it super conservative) anything else obvious I should look at?
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Jun 1, 2020 04:20
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slidebite posted:Held my breath and looked at my portfolio, saw I'm down about 10% from before the bottom fell out of everything.... so I guess that's better than the 25%+ it was weeks ago.. so I'll take that as a good thing. What rates are you getting on your GICs? Is this filling the requirement of "low risk low return fixed income" in your portfolio? Otherwise I'd just put it in S&P index ETFs right now because I think it's rebounding the hardest.
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Jun 1, 2020 04:43
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You've pretty much got it. I'm very heavy into broad ETFs (both Canada, US and even some ROW) so this is strictly super conservative part.. which to be fair is not a large % of my holdings.. single digit %. I just have my LIRA in something that's going to be pretty much guaranteed + returns, even if small, to please my spouse as per her request. And it's fair. E: Have to look at the rates 2 yr = 1.42% 3 yr = 1.53% 4 yr = 1.70% 5 yr = 1.93% Was someone saying something earlier about an ETF which is just made out of high interest savings accounts from various banks? slidebite fucked around with this message at 04:36 on Jun 2, 2020 |
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Jun 2, 2020 04:31
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slidebite posted:You've pretty much got it. I'm very heavy into broad ETFs (both Canada, US and even some ROW) so this is strictly super conservative part.. which to be fair is not a large % of my holdings.. single digit %. I just have my LIRA in something that's going to be pretty much guaranteed + returns, even if small, to please my spouse as per her request. And it's fair. I've held cash in CLF.TO which is laddered GICs: https://www.blackrock.com/ca/indivi...assthrough=true
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Jun 2, 2020 14:57
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That might be about perfect for what I'm looking for - thanks!
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Jun 4, 2020 15:11
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I'm up 120% since march when I was spat on and berated for buying mining stocks. So gently caress you all 
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Jun 9, 2020 03:05
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I thought it was crypto poo poo?
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Jun 9, 2020 03:41
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odiv posted:I thought it was crypto poo poo? He's talking about crypto mining
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Jun 9, 2020 03:45
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Ha ok. To be fair I don't think I can be blamed for thinking someone means mining stocks when they say mining stocks. Anyway, my pet stock SolarEdge (SEDG) has somehow surged to an all time high. I'd say too bad this is just my play money I'm messing with, but we all know if it was my actual investment money I'd gently caress up and lose most of it.
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Jun 9, 2020 03:49
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odiv posted:Ha ok. To be fair I don't think I can be blamed for thinking someone means mining stocks when they say mining stocks. I only give my money to real miners. Whoa officer, hold on, it's a homonym, lemme go
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Jun 9, 2020 14:29
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ghosTTy posted:I'm up 120% since march when I was spat on and berated for buying mining stocks. So gently caress you all Gonna need the goon who built your portfolio out in a simulator to independently confirm this claim.
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Jun 9, 2020 19:36
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Rime posted:Gonna need the goon who built your portfolio out in a simulator to independently confirm this claim. Yeah i want to see this again.
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Jun 9, 2020 19:37
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 Oh yeah I guess that's me; this shows +24% so I'm not sure where you got 120%. I'm genuinely glad you didn't lose all your money but this is also the same as putting everything on Black in a casino and thinking you've outsmarted everyone.
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Jun 9, 2020 20:05
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Wow what a 2 month performance
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Jun 9, 2020 20:06
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ghosTTy posted:I'm up 120% since march when I was spat on and berated for buying mining stocks. So gently caress you all quote:That sounds like a terrible idea, friend.
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Jun 9, 2020 20:08
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I only track month-end numbers and don't do bitcoin, but my May 31st was +15% from my prior all-time high on Jan 31st (real ATH was probably in early-mid Feb...) and I'm pretty sure things are up more since then. I assume I'm not alone and that this plays a healthy role (along with "lowest interest rates ever!") in housing's current resilience.
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Jun 9, 2020 20:13
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Less Fat Luke posted:Oh yeah I guess that's me; this shows +24% so I'm not sure where you got 120%. Or he could have made other bets in the meantime and actually be up 120%.
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Jun 9, 2020 20:15
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20% is not a great return given the massive risk exposure of that portfolio.
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Jun 9, 2020 20:46
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Moving my eFund over to EQ bank. Anyone want to send me a referral code and get some sweet dollars? If you're not comfortable posting the link here I can be reached at nofeed@fastmail.com as well. Cheers!
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Jun 13, 2020 13:27
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Nofeed posted:Moving my eFund over to EQ bank. Anyone want to send me a referral code and get some sweet dollars? Sure why not. Thanks! https://join.eqbank.ca?code=DAVID9685
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Jun 13, 2020 17:44
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Lexicon posted:Sure why not. Thanks! Account created and funded. Merci beaucoup! e. EQ Bank has a very slick registration, website, and App while offering 2% interest. Would highly recommend. (Well, until it all craps out for some terrible and unforseen reason, but the last 15 minutes have been great!) Nofeed fucked around with this message at 19:06 on Jun 13, 2020 |
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Jun 13, 2020 18:55
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Are there any good options for US $ bank accounts that don’t keep a hold on deposits from US sources for weeks? I have an etrade account with my employer and when I sell shares they mail me the cheque and I deposit it into tangerine USD account but they have a really long hold time on it (3 weeks) and it’s annoying. I swear it used to be a lot shorter too.
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Jun 17, 2020 22:43
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RBC Bank (the US-domiciled offshoot of RBC Royal Bank (the Canadian bank)) hasn't held anything deposited for me. And it can accept ACH transfers, which you could probably hook up to Etrade to make that part easier, if that sounds useful. The RBC Bank checking account does have a monthly fee though.
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Jun 17, 2020 23:04
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pokeyman posted:RBC Bank (the US-domiciled offshoot of RBC Royal Bank (the Canadian bank)) hasn't held anything deposited for me. And it can accept ACH transfers, which you could probably hook up to Etrade to make that part easier, if that sounds useful. The RBC Bank checking account does have a monthly fee though. Yeah avoiding fees was a biggie for me, but I might just have to bite the bullet. You’d think the bank that holds my mortgage could give me a free chequing account or something, bastards.
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Jun 17, 2020 23:06
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Makes sense. My alternative is a regular wire transfer, so  beats that garbage.
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Jun 17, 2020 23:15
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I do have a simplii account too and I think it takes wire xfers for a fee so it might be worth a try. Tangerine doesn’t support wire transfers at all.
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Jun 17, 2020 23:27
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Have you tried calling Tangerine and seeing if they can reduce/waive the hold time on your account?
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Jun 18, 2020 01:13
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