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Email this4:31 pm
January 1, 2019
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I keep an excel spreadsheet to track the movement of my DUCA a/c's but it's not easy! I'm confident that my interest earnings are accurate for the few I've tested but their lack of statements or even online searching is infuriating!
5:28 pm
April 6, 2013
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Are you sure there aren't any statements for DUCA accounts?
Their fee schedule for personal accounts mentions free e-statements, free online statements, and $2/month for paper statements.
7:43 pm
October 21, 2013
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Yes, they do produce statements. I can't remember if they are monthly or quarterly.
I make sure to include the new Class A shares and interest on them in the January interest; and put the value of said shares into the assets side along with the savings account tally and membership share.
8:58 pm
January 1, 2019
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I see statements to Sep, so possibly quarterly and it only seems to be for the EMSA. What I need is a list of investments (GIC's, RRSP'S,RIF's etc) showing rates and, more importantly, term so that when an investment is coming up on renewal I can decide how to reinvest - they don't have anything like that. So I keep a spreadsheet which is a lot of work and a bother.
11:04 pm
October 21, 2013
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Yes, they are quarterly. I just checked. So you should have one next week.
I put the due dates in my calendar as well as in financial records. I put them in when I first buy the GIC, and then it just carries forward. Some people here probably have even tighter systems.
It's ALL time-consuming and a bother! I just look on it all as work in exchange for money. It has paid me very well, but I'm the sort who has, since childhood, always enjoyed playing with money.
6:55 am
October 17, 2018
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When I get a new investment I just go to "My Accounts" then select "Rename Accounts" and then I name them according to my needs.
For example, TFSA GIC(FLEX30@2.6%)DEC3120
This would mature on December 31 2020. So at a glance I have the type , term , rate and the maturity date is at the end of the line .
I also keep a spreadsheet and have the investments lined up by maturity dates and not start dates. It works better for me as it's all top down ( the matured ones are all on top ).
8:36 am
January 1, 2019
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Both great suggestion! In fact I only just finished 'renaming' some a/c's in the online portal to make more sense (we have joint which includes my TFSA's and RRSP's) and then hubbies TFSA's and RRSP's under another a/c. I have +60 a/c's so the spreadsheet works for me. The suggestion of a maturity date column I'll do today which will make it easier for laddering renewals (I've already gotten caught short when we bought a new car - now I know to ladder)
I was in touch with their member support via email, I have one contact that I work with exclusively and she is excellent. She mentioned the spring conversion they're working on (assume this is when they go Canada wide?). She had contacted me a few months ago asking if I'd offer suggestions on new statements and I was eager to help - I'm hoping it is better - certainly can't be worse!
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