A quick google says no. I do hope this thread has taught everyone to not be a bagholder.
Vanguard Total Stock Market ETF (VTI) - Find objective, share price, performance, expense ratio, holding, and risk details.
Missing: sibv |
https://www.sgtlaw.com/cases/allianzgi-structured-alpha-mutual-fund-class-action-litigation
Anybody here into Alpha Hedge funds? Interesting read.
TLDR: global insurance giant facing litigation over failed mutual funds that were advertised too good to be true.
https://www.sec.gov/news/press-release/2022-84
Defendants reduced losses under a market crash scenario in one risk report sent to investors from negative 42.1505489755747% to negative 4.1505489755747% -- by simply dropping the single digit 2. In another example, defendants “smoothed” performance data sent to investors by reducing losses on one day from negative 18.2607085709004% to negative 9.2607085709004% -- this time by cutting the number 18 in half.
I didn't know this is how “hedging risk” is done!
Posted by: Stuminator
The Dalai Lama was asked what surprised him most.
He answered _hu_man, because he sacrifices his health in order to make money. Then he sacrifices his money to recuperate his health.
And then he is so anxious about the future, that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die & dies having never really lived.
Amazing Stuminator. Sunday morning coffee with the wife was talking about our Money Story
https://www.moneysense.ca/columns/a-rich-life/whats-your-money-story/
https://www.moneysense.ca/columns/a-rich-life/what-are-money-scripts/
Understanding your own psychology with money can be eye opening. I’m hoping it’s life changing for us, having been far too Vigilant the past ten years.
if you got to the point you realize you can be less vigilant thats probably a good thing and its probably cuz you were vigilant to begin with
many people were not or had bad luck, how many times have you seen someone do something that was not a good idea and wonder why ?
for every winner there has to be losers
McGill uni has a free personal finance course you can do online. Might be of interest to some people here:
If you have a pension this is good news
PENSION PROTECTION BILL C-228 TO BECOME LAW!
The House of Commons unanimously passed MP Marilyn Gladu’s private member’s Bill C-228 last year.
On April 18, 2023, it passed the Senate without a dissenting vote.
Bill C-228 will receive Royal Assent shortly – and come into full force in four years.
Impact of Bill C-228 on the Security of your Pension
Bill C-228 will improve the security of your pension in the event our pension plan is underfunded and involuntarily terminated – in the following two ways:
In a bankruptcy, Bill C-228 elevates pension plans in the order of precedence in the division of remaining corporate assets. While pensions will continue to rank below government remittances (taxes and other payments) and officers of the Court (e.g. bankruptcy trustee, lawyers, etc), they will rank equal to earned, unpaid employee wages. But more importantly, pensions will rank ABOVE secured and unsecured creditors, specifically banks.
In a corporate restructuring, no proposal to restructure may be considered by the Court unless it provides for full funding of the pension plan(s).
Given sufficient remaining assets, pensions will be paid in full.
Bill C-228 is very good – but not perfect
We cheer the adoption of Bill C-228 – but we must remember it has actual and potential gaps in its protection of pensions.
· Four-year delay before coming into force: Any bankruptcy or restructuring filed prior to April xx, 2027 will be governed by current legislation.
· Possible avoidance: Recent history provides examples of US parent companies successfully draining assets from distressed Canadian subsidiaries prior to restructuring or bankruptcy.
· Possible legal challenge: At least two opponents of Bill C-228 threatened to challenge it in court – on its first use or before.
The BPA continues to seek 100% security for your pension
Posted by: XXX_er
If you have a pension this is good news
PENSION PROTECTION BILL C-228 TO BECOME LAW!
https://www.parl.ca/legisinfo/en/bill/44-1/c-228
that makes me feel much better for my sibling, who is relying on a "too big to fail" company pension.
https://srv111.services.gc.ca/generalinformation/index
here's a fun one for a Friday night.
don't forget your income tax is due !
It was so easy with Wealth simple last year but this year they did not auto-fill all of my T-1 like it has done in the past
so i had to wank about finding/ inputing some slips by hand
then i got a large tax bill cuz the investment firm doesn't with hold any taxes on RIF $$$$
which is i guess > CRA having my money but its definatly enough to give ya a sweaty crotch
edit: so proof positive all those RRSP contributions eventualy DID get taxed, I will have to do a little math and see if i actualy saved any tax altho I continuously quit buying RRSP 18 yrs ago so I wouldn't have too many
I contributed to my RRSP for many years just like everyone told me I was supposed to. I stopped contributing when I realized I may end up in a higher tax bracket once I am forced to start taking money out. First world problem I guess.
What's wrong with being in a higher tax bracket once you start taking it out? It's a marginal increase.
Or are you running the math on wanting to spend it now vs spending it later?
Posted by: skooks
I contributed to my RRSP for many years just like everyone told me I was supposed to. I stopped contributing when I realized I may end up in a higher tax bracket once I am forced to start taking money out. First world problem I guess.
I theoretically could have the same issue, but it would mean enjoying great returns between now and 71. That's not really a problem. It's just winning too much. I won't complain if that's my situation.
the banks tell you the RRSP is a good idea and they give their bank officers quotas which they fill even tho they know its not always good for the customer,
the idea was that you buy em when you make lotsa money to reduce taxes and cash em in when you are old/ making less money
but if yer old and making lotsa money there is no tax saving
at some point just buy something beside RRSP
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