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Will trade undisclosed gic deals
June 14, 2018
10:21 pm
hotmony
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Some of you keep deals to yourself. I'm willing to trade. For example, i did a deal recently direct not thru a gic broker, I got 2.85% above their posted rate for one year.

June 15, 2018
1:19 am
Kidd
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SJoel.

I have found the exact opposite. The members of this forum are very open concerning their dealings with financial institutions, whether those dealings be good or bad. From the most recent "new bank" to, RBC being deceitful.

So, you received 2.85% ABOVE "their" posted 1 year rate? Meaning a total of 5 or 6 percent? I must ask.... who is "their"?

June 15, 2018
4:02 am
Bill
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SJoel, "Some of you keep deals to yourself" - your evidence for your statement?

And how are you trading information by not disclosing the fi that got you this deal?

June 15, 2018
4:20 am
Nehpets
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SJoel said
Some of you keep deals to yourself. I'm willing to trade. For example, i did a deal recently direct not thru a gic broker, I got 2.85% above their posted rate for one year.  

The proposal just seems contrary to the intent and the spirit of this fine Forum where members tend to share information about offers that are open to scrutiny for everyone's mutual benefit.

June 15, 2018
8:19 am
hotmony
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Luminus 1yr 2.65%, 18mth 2.75
https://luminusfinancial.com/Personal/Rates/

L-Series transferable to another term deposit within 90d without penalty
https://luminusfinancial.com/Personal/ProductsAndServices/SpecialPromotionalOffers/

June 15, 2018
8:21 am
gicjunkie
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Isn't it just the way of our new and "evolved" society to make something deceitful out what is supposed to be a helpful and sharing environment. I totally agree with Stephen and Kidd. This is a "sharing" site. Maybe SJoel should open his/her own new site for trading information. Maybe they could charge member fees or pay commissions for advice that gives positive results. And, no, I'm not charging for this advice. It's totally free.

June 15, 2018
8:26 am
Jon
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SJoel seeme to have fall into a mini PR disaster as his attention grabber seems to backfire.sf-surprised.
I still believe what he offer seems skatchy at first.

June 15, 2018
8:42 am
hotmony
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They offered 1yr@2.85% on 100k+

June 15, 2018
8:56 am
hotmony
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Sometimes you don't want to disclose exclusive deals if you haven't invested already, maybe you have a personal relationship, the smallest financials do smaller raises if everyone piles in the deal could close sooner.

Ya it's a "sharing" site share your exclusive deals every bps counts.

June 15, 2018
9:07 am
gamgam
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SJoel said
They offered 1yr@2.85% on 100k+  

SJoel how is this 2.85% above their posted rate???

June 15, 2018
9:31 am
hotmony
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Posted rate is 2.65

June 15, 2018
10:02 am
Bill
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Then 2.726% would be 2.85% above the posted rate.

June 15, 2018
10:40 am
Kidd
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Huh? What does any of this have to do with my property tax bill?

June 15, 2018
6:06 pm
Norman1
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hotmony said
… For example, i did a deal recently direct not thru a gic broker, I got 2.85% above their posted rate for one year.

hotmony said
They offered 1yr@2.85% on 100k+  

gamgam said

SJoel how is this 2.85% above their posted rate???  

hotmony said
Posted rate is 2.65
… 

It looks like that should have read "I got 2.85%, which was 20 basis points above their posted rate, for one year."

It wasn't supposed to be "I got 2.85% above their posted rate [of 2.65%, 2.85% + 2.65% = 5.5%,] for one year."

June 15, 2018
7:18 pm
Bill
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Norman1, poor hotmony, I think he's got the message. To me he clearly said he got 2.85% more than the posted 2.65%, i.e. 2.65% X 1.0285 = 2.726%.

June 15, 2018
7:36 pm
Loonie
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Ah, the value of good punctuation!
A well-placed period and comma would have made all the difference: "I did a deal recently direct, not thru a gic broker. I got 2.85%, above their posted rate, for one year."
It remains unclear whether the poor punctuation was intentional.

For an entertaining read on the value of commas, I recommend the book Eats, shoots and leaves, by Lynne Truss. The point of the title is to show how a totally different meaning would emerge if the comma were omitted.

June 15, 2018
8:38 pm
hotmony
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The peanut gallery. I can see why only one promo a week is posted.

I get 25bps extra on all third party gic rates thru an IA. Any of you get the same?

Another reason gic investors are reluctant to share is they know more demand for GICs means lower rates at the smaller insured financials.

The forum is helpful for sure but there are flaws. Nobody is gonna share a rep whose given them 4 on a 3 percent gic.

June 15, 2018
10:50 pm
Kidd
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Kidd said
Huh? What does any of this have to do with my property tax bill?  

A comma, hmm?

Huh? What does any of this have to do with my property tax, bill?

OR... Bill, what does any of this have to do with my property tax?

June 16, 2018
4:39 am
Bill
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All right, Kidd, I give up. Tell me, what DOES it have to do with your property tax bill?

June 16, 2018
5:27 am
Top It Up
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Kidd said

Huh? What does any of this have to do with my property tax, bill?
  

Looks like, the monthly percentage penalty, that cities, towns, villages, and municipalities charge, when your property tax bill, goes into arrears.

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