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Our return rate on Tangerine Equity Growth Portfolio
January 6, 2018
8:37 pm
Save2Retire@55
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We opened TFSA accounts with Tangerine in the beginning of 2017 and started contributing weekly on our accounts (I just didn't want to put all at once due to not pretending the market). Anyhow, we chose "Tangerine Equity Growth Portfolio" and the growth was great in 2017. We sold the shares @ 18.68 beginning of December and made 7.2% (after fees).

I am waiting for the market to cool down before starting the contribution this year. It might or might not cool down. We shall see.

January 6, 2018
11:55 pm
Loonie
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It's always a success if you quit when you're ahead, although others will tell you you should have hung onto it.

Congratulations!

I'm wondering where you are keeping this money now, i.e. whether it's sheltered.

January 7, 2018
12:40 am
Save2Retire@55
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Loonie said
It's always a success if you quit when you're ahead, although others will tell you you should have hung onto it.

Congratulations!

I'm wondering where you are keeping this money now, i.e. whether it's sheltered.  

Thanks Loonie. I moved them to PC and added to what I already moved from EQ by November. It is not TFSA but good for now. We claim the income on my wife's income tax. Do you have a better recommendation for now?

January 7, 2018
11:23 am
tcharger67
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glad to see the success. Have you considered indices with much lower MERs

January 7, 2018
8:36 pm
Save2Retire@55
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tcharger67 said
glad to see the success. Have you considered indices with much lower MERs  

Yes, we also have accounts with Questrade for those plus some stocks with 8% - 11% dividend for the past 2 years. We don't have much there though as it is riskier.

January 7, 2018
9:56 pm
Loonie
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Save2Retire@55 said

Thanks Loonie. I moved them to PC and added to what I already moved from EQ by November. It is not TFSA but good for now. We claim the income on my wife's income tax. Do you have a better recommendation for now?  

No, I have no better ideas for now. You'll be wanting something else by March probably. I'm using Hubert's one-year, cashable, no transfer fee right now, for this year's TFSA contribution, but Hubert isn't an option for QC anyway. It will be though, once you move to Ottawa!sf-smile

January 7, 2018
10:06 pm
Save2Retire@55
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It will be though, once you move to Ottawa!sf-smile  

Just reminding me of another messy situation in Quebec. Glad I have accounts opened before moving here and so far none of them are affected. It feels a different country! We need to go live in O Canada again 😀

January 8, 2018
9:52 am
Doug
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Congratulations for selecting boring & ordinary, but also much lower cost, index mutual funds for your investment portfolio (not necessarily your "emergency fund," which should always be cash and cash equivalents, including a combination of cash, GICs, money market funds or, at the most, ultra short duration fixed income funds). You won't overshoot the market in any one calendar year but that's not the point, either. You will, however, have returns that most likely will match that of the market in terms of average annual return, both before and net of fees, over the really long term based on reams of academic evidence on the subject - all at lower cost. Most active fund managers underperform the market when you average and annualize the returns over the really long term 80%+ of the time, all while taking much more in fees. sf-cool

There are lower cost index ETFs but, for smaller portfolios with regular purchases every month, the trading commissions would "eat you alive," so to speak.

I tend to agree with Loonie, while you've had success and that's great, I'm curious on the move to Simplii Financial (you said PC so presumably you switched prior to the rebranding?). Did you move it to Simplii Financial-branded index mutual funds offered by CIBC through Simplii Financial's mutual fund investment offering? If so, the fee deferential is about 1 basis point net of the Simplii Financial annual MER rebate. If you moved to consolidate your investments with your day-to-day banking, because of that small differential, I'd support that. If you transferred from an equity growth portfolio to an all cash and/or GIC portfolio, that suggests a mismatch with your investment expectations, risk tolerance and, perhaps and with no offence intended, your investment knowledge. I'd love to help you with understanding things a bit more, if you wish. 🙂

Your point on Quebec things being "messy" and, while it's good that you transferred things over beforehand, you may encounter problems in trying to redeem, add to or swap any Simplii Financial-branded CIBC mutual funds going forward because of their lack of Quebec operations and licensing. In this way, I would've stayed with Tangerine for the investments. If you transferred to just Simplii Financial cash accounts, it's less of concern; however, the aforementioned investor profile mismatch still exists.

Cheers,
Doug

January 8, 2018
9:59 am
Doug
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Save2Retire@55 said
Yes, we also have accounts with Questrade for those plus some stocks with 8% - 11% dividend for the past 2 years. We don't have much there though as it is riskier.  

Riskier, yes, but that's generally the idea in longer term investment accounts. With rates as low as they are, or even if they rise, you will be lucky to maintain your purchasing power going forward, especially once you factor in taxation. It all depends for what you're saving. In RRSPs or RESPs, or even TFSAs that are used for retirement planning, I would prefer you to educate yourself some more and try become comfortable with a bit more risk. Nothing speculative and not over-weighted in any one geography, asset class or sector/industry, though.

I suspect even Loonie has an investment portfolio. I don't know what his/her "weighting" is to his equity and other non-bank fixed income investments as that's a personal decision but I suspect even he/she will tell you that is prudent to maintain at least 50% (and that's being conservative) of your long-term, retirement assets in somewhat riskier but also somewhat higher return investment asset classes. sf-cool

Cheers,
Doug

January 8, 2018
3:45 pm
Save2Retire@55
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Doug - Thanks for your points but I think I have enough education to know how much I can risk.

My Questrade accounts are RRSP, TFSA, and RESP. And Questrade offers free ETFs buying. I was just tired of managing things on my own. The Tangerine has 33% TSX, 33% USA, and 33% International. It is TFSA so not a huge amount so the 1% doesn't really make a big difference.

One more thing about dealing with self managed things. I get greedy. I see this stock and that stock and start playing around and things go wrong. For now, I try to stay away from our Questrade account. We contribute to what we now have on it. The dividends are 8-11% and the stocks are doing fine all in all. No ETFs though.

I once tried to be greedy and the good people of forum told me to be careful and to not do it. I didn't listen! It didn't work well.

We are happy with the return we are making (All in all around 5 - 6% annual after tax and fees) without taking much risk unless the market collapse. I think for us, it is about saving more than having higher interest rates.

To answer your question, the move was to their 3%. Nothing fancy and we won't pay much tax on it as it will be claimed on my wife's income.

Quebec. Nope, There hasn't been any issues as of now. I had the same situation with EQ and ZAG which both don't offer services to Quebec residents. I had the account opened before moving here and I updated the address by calling in as I couldn't find Quebec as an option. We can still contribute to those accounts and withdraw money.

Again, thanks for offering your thoughts.

January 8, 2018
5:29 pm
Loonie
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I don't know why you would make those assumptions about me, Doug.

I don't generally tell people how they should apportion their investments (or at least I try not to). There is common wisdom on this, as you know. One can follow it, or not.

Sometimes I will tell people what that common wisdom is, and why I think it is or is not a good idea in their situation, based on what they've said.

Personally, it's not helpful.

January 9, 2018
7:33 am
Save2Retire@55
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Loonie - You have been a great help every time I have a question and it is appreciated. Never pushy or forcing your thoughts which is a great way to make people think and reconsider without getting into the defense position.

January 10, 2018
5:17 pm
Doug
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Loonie said
I don't know why you would make those assumptions about me, Doug.

I don't generally tell people how they should apportion their investments (or at least I try not to). There is common wisdom on this, as you know. One can follow it, or not.

Sometimes I will tell people what that common wisdom is, and why I think it is or is not a good idea in their situation, based on what they've said.

Personally, it's not helpful.  

Loonie and OP, I made no assumptions. I simply provided some additional points on which to think, especially if the OP is young and had very little other long-term retirement assets in something with a bit more risk (and return potential) than savings accounts & GICs. It sounds like, based on OP's response, he has other investment assets with Questrade that I hope are not of a minimal amount in comparison to his liquid cash savings and related instruments (i.e., GICs). In which case, that's fine to dispose of the Tangerine index mutual funds.

I merely meant to praise the OP for his choice in the index mutual funds (over active funds with higher MERs and often unnecessary, exorbitant extra fees!) and tried to raise some "food for thought"-type questions as to why he was disposing of those assets. Again, the additional clarification on the Questrade accounts is helpful.

OP, with respect, you asked for help, continually, from all forum users (Loonie, myself and others included). Casting aspersions than I am somehow being "pushy" is most unhelpful. My advice is equally as helpful as Loonie and I'd suggest, that in future, if you want to get advice from more than one or a couple people, you would be wise to continually thank them. You may not have to take the advice but, publicly at least, you should be nothing but complimentary. Feel free to dispense with the advice as you see fit privately. sf-cool

Also, more "food for thought," consider the effect that confirmation bias has on your own decision-making, that is to what effect do you seek out feedback that supports your general preference.

Cheers,
Doug

January 10, 2018
7:02 pm
Loonie
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Doug, he never said you were pushy.

I think it would be good if we dropped this part of the back-and-forth.
Help was sough, offered, and appreciated, as I heard it.

January 11, 2018
3:32 pm
Save2Retire@55
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Doug - I am not sure where you came up with your conclusions 🙂

My post was basically an FYI and I don't think I mentioned if I need a piece of advise or what to do with the money now 🙂 But I certainly appreciate your thoughts and thankful for them. My apology if you felt otherwise.

Anyhow - We move on 🙂

PS - I am early 30s. Not sure if that is considered young or mature enough.

January 12, 2018
9:47 am
Doug
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Loonie said
Doug, he never said you were pushy.

I think it would be good if we dropped this part of the back-and-forth.
Help was sough, offered, and appreciated, as I heard it.  

He said: "Never pushy or forcing your thoughts which is a great way to make people think and reconsider without getting into the defense position," immediately after only you and I had been largely replying to him. The implication was there that you weren't ever pushy or forcing your thoughts, as though I am. 🙁

Cheers,
Doug

January 12, 2018
9:54 am
Doug
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Save2Retire@55 said
Doug - I am not sure where you came up with your conclusions 🙂

My post was basically an FYI and I don't think I mentioned if I need a piece of advise or what to do with the money now 🙂 But I certainly appreciate your thoughts and thankful for them. My apology if you felt otherwise.

Anyhow - We move on 🙂

PS - I am early 30s. Not sure if that is considered young or mature enough.  

Okay, you and I are the same age then, assuming you're 33-35. I definitely assumed young, but with your family and successful career, I figured late 30s to early 40s, which, interestingly, as I grow older, now consider to be still very young. Is that a natural tendency to do that? My mom is 60 and I still call her "middle aged," likely erroneously as most of us don't live into their 120s. LOL 😉

I didn't mean to imply that you lacked maturity in any way - certainly not, you have a family a successful career and education. What I was speaking to, not knowing the scope of your financial circumstances, was to your "investment knowledge" or "investment experience/'maturity'."

In hindsight, perhaps I made an assumption that was somewhat or fully incorrect with respect to your "financial maturity" and "investment knowledge" and you made a poor statement that was likely to draw assumptions from me in terms of me thinking your statement of Loonie never was pushy was subtly directed at me as though I were the "opposite side of that coin."

Perhaps we should just drop it and "hug it out"? 🙂

Cheers,
Doug

January 12, 2018
4:22 pm
Save2Retire@55
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Doug said

He said: "Never pushy or forcing your thoughts which is a great way to make people think and reconsider without getting into the defense position," immediately after only you and I had been largely replying to him. The implication was there that you weren't ever pushy or forcing your thoughts, as though I am. 🙁

Cheers,
Doug  

Not at all. This was just a general matter about the whole forum. I have been here for years and I have seen some really annoying people. As I said, my apology. I should have thought more before typing it.

January 12, 2018
4:26 pm
Save2Retire@55
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@Doug - Thanks a lot for your compliments. You are a great person and I can see you are just trying to be helpful which is appreciated.

I am 100% cool 🙂 See you in my next post.

February 6, 2018
6:12 am
Save2Retire@55
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And it happened. Glad I sold it at 18.68 per share. The price today is 17.92.

Now, have to sit back and see what happens to the market. The fund is still in Simplii 3% account. Might be taken to a GIC or back to Tangerine with a weekly automatic deposit.

** Not trusting myself anymore so avoiding using Questrade as I know I will most probably go crazy.

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