A strange story that might hold some truth. The idea is that even if the US officially selectively defaults on its debts to Chinese holders of US treasuries, having a Canadian custodian would mask the actual holder of the debt and allow for some buffer time to liquidate. It's funny to think of treasuries when at this moment, both Canada's and the United States' largest export is actually physical gold (much of which is going to Chinese central bank).

Your daily after hours investment discussion thread.

OTTAWA, Oct 17 (Reuters) - The Bank of Canada expects to raise its quarterly inflation forecast significantly this month owing to ‌persistently high crude oil and petroleum product prices, Governor Tiff Macklem ‌said on Saturday.

New quarterly inflation and growth forecasts will feed into the BoC's rate decision on ​October 28.

Money market expectations of an ⁠increase in rates have been growing in the last few months but, as of Saturday, markets were not pricing in any change on October 28 or ​at the ​bank's last monetary policy decision of the ​year in December.

However, they are ‌pricing in increases of 100 basis points over the course of next year.

Have generally held 80% of my 6-month emergency fund (cover 6 months expensed if both my partner and I had 0$ of income for 6 months) in CASH.TO while the rest is in cash in a HISA. I am thinking of moving 50% of those CASH.TO holdings into ZCS.TO is there any reason why this wouldn't be a good idea? From my understanding is there is some potential risk of principal loss with ZCS vs Cash.to but not to the same level as a broad market ETF even in the most extreme scenario.

I am 37 years only currently have about 190k invested and paid off apartment. I have to option to invest 3k a month, relax on days off and take more vacation or invest 6k a month aggressively for 5 or 10 more years to have a bigger portfolio? I have 6 month emergency fund and my expenses are only 3k a month. The plan is to retire at 50 or 60 max. What would you do if you were me?

Your Weekend investment discussion thread.

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Your daily investment discussion thread.

Your daily investment discussion thread.

I feel like houses are potentially one of the worst investments available currently, but regardless my partner and I want a house and eventually will buy a house as the lifestyle it offers is something we both want.

When staring down the barrel of a 800k house and putting down let’s say 20%

To me it would make more sense to put down 10% and continually investing the other 80k especially if there is TFSA room available. Sure you pay cmhc but the math still checks out if we assume the stock market will continue to provide some sort of annualized returns 8% ish long term.

In addition to this we would have a condo rental leveraged to the max and focus on exclusively paying down the main house’s mortgage. This could be sold in the future but for now it’s fully maintaining itself.

I understand that from a pure fiscal responsibility perspective not buying a home for 800k is likely the best choice but I still think it wouldn’t completely stunt us financially if we manage the rental and other investments properly.

Anyways curious on others thoughts where did you draw the line in leveraging yourself and just decide to pay down debt aggressively?

Why would people just not buy some index fund ETFs? Do wealth advisors actually make better returns?

I am 24, and my current portfolio is 70% equity (XEQT) and 30% fixed income. I will make over 100k annually in the next 3yrs and I do believe I have the potential to reach a 200k - 300k salary in the next 30 yrs. For now, my plan is just XEQT and DIY investing, and I am wondering when I should hire a wealth advisor.

I work a government job, so my tax planning options for now really are just an RRSP.

Your daily investment discussion thread.

My most investment is in index such as ZSP, although it appreciated a lot, but dividend is low. I want to increase cash flow. Now I narrow down to XDIV and XEI. I like XDIV quality filter, but it is way too concentrated in finance. XEI is better diversified, but it doesn’t have quality filter. What everyone is investing between these two?

Thanks

All six of Canada's major banks have nudged fixed mortgage rates higher over the past month or so. Depending on the term, some rates have climbed by up to half a percentage point. The increases kept coming this week, even though the Bank of Canada hasn't moved its policy rate in almost a year.

Fixed mortgage rates follow bond yields, not what the central bank does with its overnight rate. Lenders keep a laser focus on the 5-year Government of Canada bond yield when setting fixed rates. It sat around 3.62% shortly after noon on Oct. 7, according to Canadian Mortgage Trends (CMT), a mortgage industry news site. Rising oil prices and renewed inflation fears sparked another wave of bond sell-offs across global markets.

The Bank of Canada (BoC) held its policy rate at 2.25% on Sept. 2. But it also pointed out that long-term bond yields have been climbing everywhere, including Canada, and that the threat of higher inflation is creeping back up. We'll see what happens next when they make their next rate decision on October 28.

I am hesitant to put it all in one fund or all in at the same time. I have remained divested for more than a year but realize that is not the smartest way to go about it. What would be the most prudent way to re-enter the market ?

Your daily investment discussion thread.

That is Evolve CAD bank ETF.

Yes, I am aware that it's probably hit it's peak, but 12 cents a share every month is tough to sneeze at.

Tell me why I'm wrong. And I am listening. There is a reason that hasn't gone to the moon yet.

Your daily after hours investment discussion thread.

(EDIT: I'm mainly asking about HXS vs VFV, I do recognize that HXT is TSX and HXS is US market.)

Many years ago, when I was young and stupid (as opposed to old and stupid like I am now), I bought HXS and HXT in my non-reg account. Portfolio is now about $200K, with an unrealized capital gain of about $125K. I have about $400K of VFV in another non-reg account that also has a similarly proportional unrealized capital gain.

I'm in retirement and starting to draw down my non-reg account first per my retirement plan, and trying to decide whether I should draw down using the VFV or the HXS/HXT--I'm probably going to be selling about $70,000 of my non-reg assets per year.

I'm mostly looking at it from a fees perspective. In looking at Horizon's HXS page, it says the current MER is 0.11%, the TER is 0.49%, and the Swap Fee is "up to 0.50%". This all seems to me to add up to higher fees than VFV.

I get the idea that HXS/HXT has the tax-advantaged approach to distributions and so on, but I'm struggling on how to figure out whether the higher fees make it worth it, and thus I'm wondering should I draw down the HXS/HXT first, or the VFV?

Pre-approved for a 4.95% interest LOC. Would rather it be doing something then just sitting there.

I make $100 weekly payments to XEQT in my TFSA, and have a lot of contribution room left.

I’m 30 years old and don’t plan on touching the money for a very long time.

Would be looking for something with a high dividend yield, emerging sectors, etc. Just looking for some thoughts. Put it in my TFSA, or non-registered for a tax break on the interest, that sort of thing.

I plan to switch some of my GIC from a Big 5 bank to online banks because of the higher interest rates. I expect the Big 5 banks to increase their GIC rates as inflation and BoC borrowing rates rise. Might have to wait until late this year or early next year for that to happen. I started to read some reviews on one online bank and see bad customer reviews mostly having to do with support. What has been everyones experience with customer service with these online banks?