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reddit-comments-CanadianInvestor

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m02dmth

Perfect! Thanks!

CinnamonBits2

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02dmth/

t3_1h4z5nc

t1_m02bh38

m02dvhq

Thanks for the info! Do you happen to know if XEQT and XQQ is on the list of free etfs I can buy?

CinnamonBits2

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02dvhq/

t3_1h4z5nc

t1_m02b28n

m02dx2y

I didn't realize that! Thanks for the heads up!

CinnamonBits2

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02dx2y/

t3_1h4z5nc

t1_m02d3t7

m02dxgf

Self direct RESP for my kid in questrade and i bought XEQT with drip. Set and forget

gamezzfreak

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02dxgf/

t3_1h4z5nc

t3_1h4z5nc

m02ep8k

What has caused this shift in our 5 year bond yields lately? It wasn’t long ago they were rising.  I’m not complaining though, my mortgage is up for renewal in March.

heretik12

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02ep8k/

t3_1h4sgfw

t1_m01f076

m02gqso

I only posted to report about CMG's recent price movement. I don't have a position in the company. Based on what I understand, CMU isn't looking to become a serial acquirer like CSU. They're willing to pay a little premium on companies if those companies can help them strengthen their suite of energy sector modeling software. Their moat is in the stickiness of this software. It's supposedly used throughout the sector. I believe Mayer's thesis is that further acquisitions, if done correctly, will further strengthen their moat.

LiarsPorker

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02gqso/

t3_1h4sgfw

t1_m02csxo

m02i38j

Just switch to Questrade… the conversion fees add up

GuaSukaStarfruit

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02i38j/

t3_1h5163q

t3_1h5163q

m02j1io

Quest trade sucks

RADToronto

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02j1io/

t3_1h5163q

t1_m02i38j

m02jc5j

Wealthsimple is just not good for USD

GuaSukaStarfruit

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02jc5j/

t3_1h5163q

t1_m02j1io

m02jt6h

I’ve had the $10/month us account for a while now, easily worth it for myself.

Grouchygamer77

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02jt6h/

t3_1h5163q

t3_1h5163q

m02la5f

So do you have the 37,000 USD already or not? It doesn’t sound like it, so you will probably want to convert money outside of WS and do the $10/month. I could be mistaken, but the $10/.month is for us cash so once you own the shares you can then close the us cash account and just sit on the shares for the next ten years

Cagel

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02la5f/

t3_1h5163q

t3_1h5163q

m02mx8h

I don't understand bond markets enough. But the return gap between 10 year and 5 has been widening as 5 and under declines. Isn't that just natural when interest rates start coming down?

fishingiswater

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02mx8h/

t3_1h4sgfw

t1_m02ep8k

m02mzw1

Disnat and NBDB

Burgergold

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02mzw1/

t3_1h4z5nc

t3_1h4z5nc

m02n4u9

I think they all have incentives on right now. If not then come March/ April for tax season. Q-Trade works well for me , quest trade , TD etc

Own_Photo_4674

/r/CanadianInvestor/comments/1h4d765/thinking_of_switching_from_bmo_to_wealthsimple/m02n4u9/

t3_1h4d765

t3_1h4d765

m02nbd9

Jeez I first thought Mayer bought Chipotle (CMG ticker in NYSE) and I was 🤯 Will add CMG.to to my (very long) to-do-DD list then.

le_bib

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02nbd9/

t3_1h4sgfw

t1_m01n7yi

m02ncxh

Sounds like that might be the route I take as well. Thank you!

CinnamonBits2

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02ncxh/

t3_1h4z5nc

t1_m02dxgf

m02nf1t

Never heard of those, they work for you?

CinnamonBits2

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02nf1t/

t3_1h4z5nc

t1_m02mzw1

m02np04

Yes Disnat is Desjardins, I use it for resp, tfsa and rrsp self directed NBDB is National Bank, I use it for rdsp self directed

Burgergold

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02np04/

t3_1h4z5nc

t1_m02nf1t

m02nz4g

They have the same mer 0.09

jonboyjon22

/r/CanadianInvestor/comments/1h2wfor/whats_the_difference_between_zsp_and_vfv_curious/m02nz4g/

t3_1h2wfor

t3_1h2wfor

m02ocog

I've only used the PC website and it's exactly like IBK(I've had a few display bugs that I never have on IBK). So Moomoo is just a wrapper of IBK. I read that their trading app is superior to IBK, but I don't use it.

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h4bdjl/need_help_with_choosing_brokers_and_transferring/m02ocog/

t3_1h4bdjl

t1_m029fet

m02omx3

I don't know, I traded in a non-registered account only. But I don't see why it would be different in a RRSP.

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h4bdjl/need_help_with_choosing_brokers_and_transferring/m02omx3/

t3_1h4bdjl

t1_m013rsx

m02oq9h

I use TD for all my investments, all self directed including RESPs

bcsam

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02oq9h/

t3_1h4z5nc

t3_1h4z5nc

m02owe6

Switch to IBKR, WS scams people with USD

Hanshanot

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02owe6/

t3_1h5163q

t3_1h5163q

m02p2jd

CTS really can't help but fall on a day the rest of the portfolio is green. I know it's dividend related, but I honestly wish they'd just cancel it and spend the money elsewhere.

MaxDragonMan

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02p2jd/

t3_1h4sgfw

t3_1h4sgfw

m02p4aa

Can’t agree more.. Reason why I trade USD stocks/ETFs via Questrade..

Character_Flamingo24

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02p4aa/

t3_1h5163q

t1_m02i38j

m02phai

You're gonna pay the same conversion fees with the USD account. Instead of paying the conversion fee when you buy or sell, you'll pay when you deposit and withdraw. So for a buy and hold approach, the difference would be the 10$/month, and not paying conversion fees 3 times on dividends but just once. In other words, it's not worth it for buy and hold unless you have a way to get cheap USD somewhere else and transfer them to WS in your USD account.

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02phai/

t3_1h5163q

t3_1h5163q

m02q1xt

Hey I don’t know how true this is anymore. I was able to link up my TD USD savings account, the free one, and it shows up as a transfer and withdraw option now for USD. So in theory you can use another method for foreign exchange. I’m not sure if TD foreign exchange rate is better than WS, pretty sure real banks want their 2.5%.

dayfuz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02q1xt/

t3_1h5163q

t1_m02phai

m02qepv

I don't think WS will let you keep USD in a non USD account, so it would be automatically converted.

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02qepv/

t3_1h5163q

t1_m02q1xt

m02qtyd

WS is great for USD stock, just not the conversion. You can link your WS account with pretty much any other bank and transfer USD cash into it. Convert USD elsewhere and then transfer it WS. Having no transaction fees and easily being able to move USD money afterwards is a huge bonus.

HackMeRaps

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02qtyd/

t3_1h5163q

t1_m02jc5j

m02s1d4

I am confused TFSA is for saving and use for anything and RESP is for Saving but for your kids education only I have done a family RESP for 3 kids which i set up over 20 years ago and now has been closed as i have used all the funds. RESP works well and yes getting the grant is nice if you are fairly sure your kid or kids go University or College. I played the odds with 3 kids think at least one or two may go but in the end all three did go. The money in a RESP tax sheltered however when you withdraw there will be two options PSE which can be taken without paying tax and EAP which will go to the beneficiary (Kid) and will be taxed as income not a big deal if they don't work but something you need to plan for. However if you do not use the funds for education and take them out there are significant penalties. You will also need to provide a letter from the University to confirm they are enrolled to access the funds. I did a self invested account so managed the investments TFSA is completely different and is tax free savings account and when withdrawn and can be spent on anything without restriction.

greyoldguy58

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02s1d4/

t3_1h4z5nc

t3_1h4z5nc

m02tu8b

Just an fyi for anyone wanting to setup an resp and later move it. I was planning on moving my qtrade resp to WS, but WS doesn't do partial transfers, and I ended up putting gics into the resp. So effectively not transferable until the gics mature. There's lots to have to think about!

fizzwig

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m02tu8b/

t3_1h4z5nc

t3_1h4z5nc

m02uc68

So what do you suggest I do? Thanks!

6cupsoftea

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02uc68/

t3_1h5163q

t1_m02phai

m02uekn

Hmm, but if I get dividends, that would get placed into my account as cash right?

6cupsoftea

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m02uekn/

t3_1h5163q

t1_m02la5f

m02ulkk

Why don't you use ibkr!! 

Snoo-13597

/r/CanadianInvestor/comments/1h4d765/thinking_of_switching_from_bmo_to_wealthsimple/m02ulkk/

t3_1h4d765

t3_1h4d765

m02vvbp

Yeah I was thinking about doing something like this but I hate having an extra account to check

Mikerates19

/r/CanadianInvestor/comments/1h4d765/thinking_of_switching_from_bmo_to_wealthsimple/m02vvbp/

t3_1h4d765

t1_lzzr70z

m02wrio

I'm more on a 'wait & see' approach with CMG, and would like to see the management's new capital allocation track record. I say 'new' because the management recently changed the company's strategy by pursuing M&A back in 2023, hence the reason why it has only made 2 acquisitions so far. Before the strategy's change, their 10-year revenue growth was flat: $74.5M in FY14 vs 73.85M in FY23; and margins were declining. The suite and services they offer seems very 'niche' and serves an industry that has seen a lot of volatility, so that could certainly explain why revenues stagnated.

catoun

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m02wrio/

t3_1h4sgfw

t1_m01n7yi

m030qa3

Do you think it will affect dividends?

BumblebeeOk900

/r/CanadianInvestor/comments/1h2d874/are_you_planning_to_sell_canadian_energy_stocks/m030qa3/

t3_1h2d874

t1_lzifpof

m030x4n

XEQT is not on the list, but VEQT is. XQQ is on the list. The list can be found here: https://www.scotiabank.com/static-tools/itrade/etf_new/en/tool.html#

Extreme-Winter-9739

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m030x4n/

t3_1h4z5nc

t1_m02dvhq

m0318mb

Dividend increases are part of their strategy so yes they will continue raising unless they get desperate someday. In the meantime they can/have been buying back a bunch of stock too in order to return money to shareholders. Based on this article they bought 30 million up to mid 2023 and then announced intention to repurchase up to 90 million more shares (I don't know how many they actually did buy back.) https://stories.td.com/ca/en/news/2023-08-24-td-bank-group-announces-intention-to-repurchase-for-cancella

ptwonline

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m0318mb/

t3_1h4sgfw

t1_m01vnyj

m031i6o

I hear this from a lot of Trump voters. I think they're saying this because they know what the tarrifs will do for inflation and don't want to look like fools for voting for him. Who knows with Trump? You cannot believe anything he says. However, he'll have to pay for the tax cuts he'll be giving the 1% somehow.

BumblebeeOk900

/r/CanadianInvestor/comments/1h2d874/are_you_planning_to_sell_canadian_energy_stocks/m031i6o/

t3_1h2d874

t1_lziiom0

m031ns3

I’ve moved RESPs with GICs in it. The only caveat was that they wouldn’t transfer the account if there was a GIC that was maturing in the near future (like the next couple of months). I can see this being a problem if you have GICs in the account that mature at different times throughout the year, but luckily this was not my case.

Extreme-Winter-9739

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m031ns3/

t3_1h4z5nc

t1_m02tu8b

m0320ll

BQE, GFL,WCN all having a terrific year, turns out the real AI play was buying waste 😅

RyanGiggsy11

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m0320ll/

t3_1h4sgfw

t3_1h4sgfw

m0320my

Why not Disnat with free NG ?

JohnDorian0506

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m0320my/

t3_1h5163q

t1_m02i38j

m035svx

Sorry, I’ve only got a pretty basic understanding of that myself. Probably will have to read into it later after work.

heretik12

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m035svx/

t3_1h4sgfw

t1_m02mx8h

m036mgx

IBKR is the best in the industry for USD accounts. It’s not even close.  All the others you’ll be out some sort of fee for the conversion. It’s just how much effort you want to put into savings a couple bucks here or there. I’d probably go with EQ USD account (free) attached to WS $10/mo USD account. Do the conversions to save 0.5% with EQ and transfer it in. The $10/mo WS account will ensure your dividends don’t get converted every time either. 

DDRaptors

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m036mgx/

t3_1h5163q

t3_1h5163q

m037rur

Oh, right, I have heard of this company before. Their financial snapshot looks pretty clean but I'd be hezitant buying after a runup like this without numbers to back it up. It's a bit odd that the guy does this interview after the stock moves. It's great if he is in it for the 100x which means it's not a pump and dump but it sure smells like it.

IMWTK1

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m037rur/

t3_1h4sgfw

t1_m02gqso

m0386sm

You know, I feel like most bank stuff is under the radar for most people here including desjardin. I had two banks before and they all charge like insane and I just never thought desjardin is much better. Will switch to it once I have time. Thanks man

GuaSukaStarfruit

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m0386sm/

t3_1h5163q

t1_m0320my

m038m7h

If you are a Scotiabank client can also consider iTRADE  Have self managed RESP and 100 commission Free ETFs (including VEQT)

Berly653

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m038m7h/

t3_1h4z5nc

t3_1h4z5nc

m038ozj

If you can't beat the market during a good year it's probably best to stick with ETFs. Imagine how you'd do in a bear market.

IMWTK1

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m038ozj/

t3_1h4sgfw

t1_m01s8df

m039jpy

You already have my answer : if it's to buy and hold it's not worth it. I suggest you don't invest in USD titles on WS. You're starting at - 3% from the get go.

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m039jpy/

t3_1h5163q

t1_m02uc68

m039m3j

Ohh I see, that makes sense now, I think it was just cash so thats good there’s a lot for me to learn still, thank you for breaking it down for me!

Jiinbee

/r/CanadianInvestor/comments/1h4ntjo/negative_cash_balance_in_rbc_di/m039m3j/

t3_1h4ntjo

t1_m01sf9m

m03a013

Bonds are a pretty good estimate of risk vs return. The longer you lend money to someone the higher the risk of not getting it back therefore you expect a higher return for the higher risk. Read up on yield curves. The yield curve has recently reverted back to "normal" but it's still working on it. Normal means the farther you go out on the curve the higher the yield you should get. This is how stocks should work. You should get a higher return for taking on higher risk.

IMWTK1

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03a013/

t3_1h4sgfw

t1_m035svx

m03asyo

His ban was priced in

Randomredditor416

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03asyo/

t3_1h4sgfw

t1_m0244d2

m03bd5o

Interactive brokers has the best fx fees

happyfce

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03bd5o/

t3_1h5163q

t1_m02i38j

m03c0yy

I could tell you, but then I would have to kill you

JimmyRussellsApe

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03c0yy/

t3_1h4sgfw

t1_m0244d2

m03e844

I did not vote for trump

Latter_Effective1288

/r/CanadianInvestor/comments/1h2d874/are_you_planning_to_sell_canadian_energy_stocks/m03e844/

t3_1h2d874

t1_m031i6o

m03g8q5

Overcoming my price anchor bias and adding on my postions of BN and TVK even after their huge run-ups this year.

le_bib

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03g8q5/

t3_1h4sgfw

t3_1h4sgfw

m03gk6i

Ya but have you considered the risk adjusted return of that over a broad market index fund or are you just utilizing confirmation bias?

Training_Exit_5849

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03gk6i/

t3_1h4sgfw

t1_m03c0yy

m03ihei

I think he's exaggerating. There will probably be some tariffs. I just don't think they'll be the end of the world like some people think. 

elegant-jr

/r/CanadianInvestor/comments/1h3977k/is_it_bad_to_hold_xiu_when_trump_brings_in_the/m03ihei/

t3_1h3977k

t1_lzsq5sx

m03izwm

They for sure won't be the end of the world and I personally don't think the tariffs will be as high or as far reaching as he claims. That being said, I expect some tariffs and I expect it to increase inflation.

DougS2K

/r/CanadianInvestor/comments/1h3977k/is_it_bad_to_hold_xiu_when_trump_brings_in_the/m03izwm/

t3_1h3977k

t1_m03ihei

m03jbgp

Agreed. It could be rough on what's left of Canadian forestry I think. 

elegant-jr

/r/CanadianInvestor/comments/1h3977k/is_it_bad_to_hold_xiu_when_trump_brings_in_the/m03jbgp/

t3_1h3977k

t1_m03izwm

m03k2cx

Oh for sure it wasn’t by much but I learned a valuable lesson

WrongYak34

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03k2cx/

t3_1h4sgfw

t1_m038ozj

m03k3o9

Can you explain?

TitrationGod

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03k3o9/

t3_1h5163q

t1_m02owe6

m03ke8x

Yeah, I have similar questions. I'm currently paying $10/month because I had some stocks that I was planning on selling that traded on the NYSE. I don't do much swing trading, mainly medium to long term plays. I hold CAD ETFs (XEQT), but invest mainly in USD stocks (Google, AMD, etc). Does the $10 a month make sense for me?

TitrationGod

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03ke8x/

t3_1h5163q

t3_1h5163q

m03l8i4

For years Wealthsimple advertised as an alternative to robinhood and allowed ppl to trade USD while hiding the conversion fees (1.5% back to back) which resulted in millions being basically stolen by WS (not stolen but l just think it’s so disgusting of a practice) from inexperience investors

Hanshanot

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03l8i4/

t3_1h5163q

t1_m03k3o9

m03lg5v

What is the best way to trade in USD then? Just dump a lump sum of USD into Quest trade?

TitrationGod

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03lg5v/

t3_1h5163q

t1_m03l8i4

m03mbs8

Agreed. Our lumber industry will definitely take a hit.

DougS2K

/r/CanadianInvestor/comments/1h3977k/is_it_bad_to_hold_xiu_when_trump_brings_in_the/m03mbs8/

t3_1h3977k

t1_m03jbgp

m03mjiv

Thanks for posting this. Super insightful and informative.

JaysLAKingsfan

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03mjiv/

t3_1h4sgfw

t1_m00q2ud

m03nbsd

Good luck. Here are some useful links: https://canadiancouchpotato.com/getting-started/ https://www.canada.ca/en/services/finance/manage.html McGill has organized the above resources from the Government of Canada as a course - https://www.mcgillpersonalfinance.com/

wethenorth2

/r/CanadianInvestor/comments/1h4ntjo/negative_cash_balance_in_rbc_di/m03nbsd/

t3_1h4ntjo

t1_m039m3j

m03rr0x

you can do it for a flat fee instead of a % based fee on IB

Hanshanot

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03rr0x/

t3_1h5163q

t1_m03lg5v

m03spqs

Because tech is trash in Canada Think about the top tech companies in Canada and compare it to the US We have what, Shopify?

cooliozza

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03spqs/

t3_1h5767e

t3_1h5767e

m03swqx

I like the etf too, but usually people suggest that only 7 stocks are easy to invest yourself.

PeaceAlien

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03swqx/

t3_1h5767e

t3_1h5767e

m03sywx

What about a fund that just mirrors MAGS? Same US stocks but CAD-hedged? Don't we have a lot of those already? I thought this would be a very attractive option for Canadian investors too.

thedigitalmonkey

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03sywx/

t3_1h5767e

t1_m03spqs

m03t2mc

Thoughts on IMP?

RawSauceBoi

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03t2mc/

t3_1h4sgfw

t3_1h4sgfw

m03t2w5

When i switched employers, Bmo discount brokerage seemed like the best fit for me. It covered a portion of the transfer fee, offered free trading on select etfs that i typically purchase and I was already familiar with the bmo interface. There's a few options, but this one was best for me. I use/used only TD Direct, Wealth Simple, Sunlife, Manulife and BMO for reference.

IssueHead2118

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/m03t2w5/

t3_1h573s7

t3_1h573s7

m03tfvr

True. But 2 things deter me from investing directly - USD conversion fees (I use Wealthsimple) and tax reporting. And (least of all) the rebalancing IF the some stock falls out of the group and gets replaced (I think that happened for a short while with TSLA). Have you found a way around these? Is it a lot simpler than I am imagining it is?

thedigitalmonkey

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03tfvr/

t3_1h5767e

t1_m03swqx

m03tjut

OP is contemplating the USD account add-on for $10/months.

dayfuz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03tjut/

t3_1h5163q

t1_m02qepv

m03un31

 Evolve FANGMA Index *ETF* (*TECH.TO*)

FK8Steez

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03un31/

t3_1h5767e

t3_1h5767e

m03v07h

Huh. Looks close. But why leave out NVIDIA and TSLA?

thedigitalmonkey

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m03v07h/

t3_1h5767e

t1_m03un31

m03vs1b

I moved my RPP to a self-directed LIRA at Wealthsimple. It took a while but no complaints.

Separate-Analysis194

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/m03vs1b/

t3_1h573s7

t3_1h573s7

m03vu3f

Thanks! This is likely what I'm going to do. Appreciate the responses! 

lifting_on_days

/r/CanadianInvestor/comments/1h4u14v/loaning_money_to_a_corporation_rate/m03vu3f/

t3_1h4u14v

t1_m01i54v

m03w7e5

You will need to setup two self directed accounts, one for an RRSP and one for a LIRA (they can't be managed under one account type as they are different registrations). Not everyone here will agree, but depending on your comfort level with online applications and transferring assets around, I would probably setup a self directed account with one of the big banks. LIRA accounts are a bit more complicated to setup and transfer beween, and the bank can support in the branch with setup and transferring the funds around. A few things to note: -Make sure the LIRA jurisdiction matches the  account type (provincial or federal?  Which province?) -ETFs are free to trade on some platforms. -Bring copies of the statements for the accounts that you want to transfer in. -Know the platform you want and ensure it's self directed.  The branch might suggest using their investments, especially if you don't know what are you're doing. -Once the funds land in the account (it can take a month to transfer), you will need to buy the investment you want (VOO, XEQT or w/e). -Your spouse (if you have one) may need to sign, since you are moving a pension asset. Hopefully this helps a bit.

Realist12b

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/m03w7e5/

t3_1h573s7

t3_1h573s7

m03x0it

And? Yes what I said is still true. I already answered all those questions. It's not worth it unless he has access to cheap USD elsewhere (as I already wrote).

givemeyourbiscuitplz

/r/CanadianInvestor/comments/1h5163q/wealthsimple_usd_account_vs_conversion_fee/m03x0it/

t3_1h5163q

t1_m03tjut

m03x9l0

For your question around which etf, choose from ishare or vanguard options are a safe bet. Base it off of your risk tolerance. The ones ending in "EQT" are 100% equity. Most conservative ones are 80% bonds/20% equity, VCIP or XINC. Source for reference: https://canadiancouchpotato.com/model-portfolios/

IssueHead2118

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/m03x9l0/

t3_1h573s7

t1_m03t2w5

m03ysts

Wait a second…your fund (net of fees) has outperformed both VOO and VFV ….isnt after fee return more important than the fee itself?

torontowrist

/r/CanadianInvestor/comments/1h573s7/looking_to_manage_my_own_lira/m03ysts/

t3_1h573s7

t3_1h573s7

m03yy7w

Anchor aweigh and bon voyage. Bought back that EQB today ;)

throwaway1070now

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03yy7w/

t3_1h4sgfw

t1_m03g8q5

m03z6k1

i think what got on everyone's nerves was he never provided an alternative when replying nor did he ever reveal his own investment playbook, which is weird and insecure. mods need to be careful with bans moving forward cuz it's a very fine line between being annoying and actually criticizing other people's investment thesis (which is important). we can't all be yes mens to the same ideology of broad market index funds. some of us are more keen on risk and want to take a position on individual and outperforming companies

Dcye98

/r/CanadianInvestor/comments/1h4sgfw/daily_discussion_thread_for_december_02_2024/m03z6k1/

t3_1h4sgfw

t1_m01ueph

m040s47

Check out TTTX https://www.globalx.ca/product/tttx

firefistfenix

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m040s47/

t3_1h5767e

t3_1h5767e

m04130g

The index would just be Shopify.

Tank_The_C4

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m04130g/

t3_1h5767e

t3_1h5767e

m0417mk

You could open a US account with them and then you'll only have to pay the conversion when you deposit and then you can trade inside without fx fees. Or, sign up for MogoTrade, zero fx fees. I use both.

firefistfenix

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m0417mk/

t3_1h5767e

t1_m03tfvr

m041ro6

and maybe constellation software

Schumann1944

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m041ro6/

t3_1h5767e

t1_m04130g

m041t4z

Most people don't want to hold a hedged etf long term. Burns away some of the returns on hedging fees. Why do you need a CAD listed one?

Conroy119

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m041t4z/

t3_1h5767e

t1_m03sywx

m0421cb

And CSU

Conroy119

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m0421cb/

t3_1h5767e

t1_m04130g

m042d68

Oh is the burn significant? I just wanted to avoid the tax reporting complexity and currency conversion fees.

thedigitalmonkey

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m042d68/

t3_1h5767e

t1_m041t4z

m042d7y

Most people just buy XQQ if you want tech-heavy. The top 10 holdings make up over 50% of the ETF. If it's a smaller ETF, you're better off just buying the holdings individually and saving yourself the MER.

_BoNgRiPPeR_420

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m042d7y/

t3_1h5767e

t3_1h5767e

m042y5x

Depends on the MER of the etf itself. But yea you are paying for the hedge. OK for a shorter time frame but not something that is optimal on a very long time frame.

Conroy119

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m042y5x/

t3_1h5767e

t1_m042d68

m0432v4

Putting it in RRSP reduces the tax complexity, and you can use Norbert's Gambit to avoid currency fees. Also, I'm not an expert, but I feel like an ETF for 7 stocks is kind of pointless.. You're paying 0.29% a year just to bundle 7 stocks that you could buy separately? If you want a tech bundle, QQQ is going to be way better, IMO. And that one does have a Canadian wrapper if you want to avoid converting cash.

madhattr999

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m0432v4/

t3_1h5767e

t1_m042d68

m043f0s

I use a different broker for most USD stuff to minimize conversion fees. Tax reporting is annoying regardless lol. But my RRSP is all USD.

Conroy119

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m043f0s/

t3_1h5767e

t1_m042d68

m043nb8

Got it. Makes sense. Thanks! I do have some XQQ in my TFSA.

thedigitalmonkey

/r/CanadianInvestor/comments/1h5767e/why_isnt_there_an_etf_like_mags_on_tsx/m043nb8/

t3_1h5767e

t1_m042d7y

m0450lb

Which institution accepted a gic in a transfer? Were they redeemable?

fizzwig

/r/CanadianInvestor/comments/1h4z5nc/self_directed_resp_for_the_kids/m0450lb/

t3_1h4z5nc

t1_m031ns3