Brokerage investment savings accounts | Page 26 | General comparisons | Discussion forum

whether it shows as accrued or not is irrelevant for me. i know i will receive what i am supposed to receive on payment date / maturity.
its almost like M2M your stock portfolio each day, its somewhat meaningless.

Bill said
Correct, I have a CIBC Investors Edge accounts and that's how you buy DYN A series ISAs, as if they were mutual funds. If I recall correctly I tried once to buy F series but was unable to.  

Hi, I just put in an order to buy DYN6000 on CIBC IE and the Load was "None". When I put the order for DYN6001, the load stated "Front end". Am I going to be charged?

My apologies for not responding earlier to the many thoughtful responses to my query about ‘unrealized gain’ on a GIC at BMO Investorline.

My excuse:
Very late on Friday night of Labour Day long weekend I discovered our 6-year old refrigerator had stopped cooling. Believe me, that can really take your attention away from any other matters.

We had a week of doing our best to salvage food, analyze the problem, seek help, swapping freezer gel packs to a myriad of coolers and waiting for a repairman to rescue us. That repair (replaced compressor) happened Fri. Sep 8. Things are pretty much back to normal there now.

So back to financial matters.

CPD - For sure that stands for Compound Interest as opposed to ANN – Annual interest.

DUH!! I had a senior moment on that one. I was trying to find C “something” Paid Daily to rationalize the strange adjustment.

A conversation with a CSR at Investorline has not confirmed the reason for the unrealized gain amount. Seems he was as confused as I was. Our thought is: it is related to interest to the end of the month. He promised to get back to me but I have not received any reply yet.

Using my homebrew interest calculator, I came up with the following:

This, of course is based on interest calculated daily and I am not aware if that is correct or is it really simple interest that IL uses.

The $96.78 comes up a bit short of the $101.50 that the Principal was increased by. Using 14 days puts it over that mark to $104.24.

I have decided this adjustment is ‘interest’ and I will record it in my records that way. This allows my records to match Investorline’s and that is the important part. I regularly compare my records to all my investments and I need them to match. It will be interesting to see if there is another adjustment at the end of September.

The only other agency I know that reports interest on a daily basis is Oaken Financial. The value of GICs including accrued interest is reported daily at Oaken. When I first encountered this, I was very frustrated. I developed a spreadsheet routine to simplify the verification process and for a while I checked it daily. That got old in a hurry. The spreadsheet works to validate my records without this intensity.

So, thanks to all who responded. If I hear further from IL I will post it here.

Additional Note:
I messed up on my first GIC purchases by not paying attention to the ANN vs CPD feature. For sure, I would have wanted all the multi-year GICs to be compounded with interest added to the principal each year. Live and learn.

Sept. 6 - rodeworthy said
Previously, I opened GICs in my RIF account with BMOIL and selected 'Bank of Montreal' as the provider. Those GICs are active and are reported as expected. They are listed as "BMO GIC ANN" in my holdings list.

On August 18 I opened another GIC in the same account but this time I chose 'BMO Trust' as the provider. A few days later - around Aug 25, I noticed IL reporting the value of that investment had increased by 0.02%. It remains at that value to this day. I don't know where this increased 'value' comes from and don't know if it is a variable amount that can go up or down.

Sept. 11 - rodeworthy said

A conversation with a CSR at Investorline has not confirmed the reason for the unrealized gain amount. Seems he was as confused as I was. Our thought is: it is related to interest to the end of the month. He promised to get back to me but I have not received any reply yet.

The mystery continues. On or around September 27 (about a month after the first adjustment to the value of the BMO Trust GIC) an additional adjustment has been made to the BMO Trust GIC bringing the total increase in 'Value' to +0.64%. Appears this will be ongoing. I still don't know how to categorize it but I am logging it as 'interest' so my records match Investorline's. This is a new one to me for a GIC.

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Thanks for that ⬆ Norman. We appreciate your updates.

It appears those rates have hit a 'Plateau' for now. In the next 1-2 months, maybe they'll go higher ... or maybe not.

Or eventually ... they'll start to slowly go down, from their present highs.

Any Bets ❓

Dean

Someone bring up a new HISA today. Allow me to add here for the proper cataloging.

General Bank of Canada HISA fund GBH100 currently 4.75%

... looks like it can be DIY on Questrade

Oh wow, GBH200 is going for 5.0%, which I believe ties it with the Scotiabank ones at present for highest Series F return. Happy to see more competition at the top end.

hwyc said
Someone bring up a new HISA today. Allow me to add here for the proper cataloging.

General Bank of Canada HISA fund GBH100 currently 4.75%

... looks like it can be DIY on Questrade  

GBH200 @5% is a good find. This symbol is not available to buy at iTrade or Qtrade or TDDI, unfortunately.

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