Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this6:45 pm
October 30, 2022
Offline
Not trying to brag but I think I timed the 10 year perfectly, not sure I got a better rate then anyone else, but loving the timing as the Canadian bonds have come down considerably. I honestly think a 5.3% GIC would be a stretch as of now from the guy I was talking to, also saw other websites lower their 5 and 10 yr GICs, what is everyone else seeing? Kind regards
6:18 am
March 18, 2021
Offline
I'd go more by interest rates in America. Wage growth is 7.7 percent year over year social security I think was 8.5. So far they've rigged the world price of oil lower in America and so that can't last past Christmas time at least in America. With Black Friday sales and the Christmas buying season likely the bankers in America have heavy shorts on oil and gasoline. Once Christmas is over that will reverse and oil and gasoline prices will spike higher as they cover or cover and go long both commodities. Remember everything is rigged in America so inflation will spike a lot higher in the first couple of months of 2023.
4:11 pm
January 17, 2021
Offline
can you provide link for this offer
7:00 am
April 27, 2017
Offline
Bragging about perfect timing the moment you purchased a GIC may appear premature.
1:49 pm
August 10, 2018
Offline
IMHO, locking in for ten years at this point in time, with all that is happening in the world, is somewhat akin to flushing your money down the toilet.
3:49 pm
October 30, 2022
Offline
I think the biggest difference between now and 2008 is the banks are required to have large reserves and are flush with cash. I think good credit is more important then cash. We currently have 1.3 million in assets 650k in Real Estate and 750k in GICs, 600k locked in GICs, if you like fixed assets I would buy longer term as going shorter term is very risky given that millennials are absolutely dead broke and we are 1000% heading for a major correction inside 10 years. I do not believe the Dow will be higher in 2032 and GICs are one of the only investments you can lend against if you like Real Estate, which I do. That’s my rationale besides being 40 years young. Kind regards
3:51 pm
October 30, 2022
Offline
10 year bond yields are down 25% since I bought in at 5.7. Household debt is three times higher then the 70s with only one person working. This is our 20% interest rate equivalent.
7:33 pm
August 10, 2018
Offline
hayman said
I think the biggest difference between now and 2008 is the banks are required to have large reserves and are flush with cash. I think good credit is more important then cash. We currently have 1.3 million in assets 650k in Real Estate and 750k in GICs, 600k locked in GICs, if you like fixed assets I would buy longer term as going shorter term is very risky given that millennials are absolutely dead broke and we are 1000% heading for a major correction inside 10 years. I do not believe the Dow will be higher in 2032 and GICs are one of the only investments you can lend against if you like Real Estate, which I do. That’s my rationale besides being 40 years young. Kind regards
I don't agree that short term is riskier than long term. I would be more concerned about being able to get money out of the banking system (in a hurry if necessary) In my current world view, return of capital is more important than return on capital.
4:54 am
March 30, 2017
Offline
hayman said
10 year bond yields are down 25% since I bought in at 5.7. Household debt is three times higher then the 70s with only one person working. This is our 20% interest rate equivalent.
down 25% ?
7:29 am
October 30, 2022
Offline
The 10 year govt bond yield was 3.88 when I invested
7:32 am
October 30, 2022
Offline
Short term is riskier as there won’t be high paying GICs in a year or 2 years time as earnings evaluations come down. You should lock in now. Commodities are the play and I believe single family homes are the best commodities out there! I want to buy 10 single family home rentals inside the next 5 years, and I’m guessing closer to 5 years before they become good and boring again.
8:18 am
March 30, 2017
Offline
hayman said
The 10 year govt bond yield was 3.88 when I invested
Oh U mean it dropped from 3.88% to around 2.9% now ?
I will phrase that as 100 bps drop, and not 25%. Pros dont talk interest move in relative %, only in absolute % as in bps. 
But yes a 10y GIC at 5.7% is not a bad investment in my mind too. Well done
10:11 am
October 30, 2022
Offline
I am talking about the 10 year govt bond yield which is slower to move then interest rates or am I off? Yes I am new to watching the yield curve. Thanks
10:14 am
October 30, 2022
Offline
Sorry just insinuating you may be talking about the overnight, or bank interest rate, but prob not. Is that not a huge move for bonds? Kind regards
1:24 pm
September 24, 2019
Offline
hayman said
Short term is riskier as there won’t be high paying GICs in a year or 2 years time as earnings evaluations come down. You should lock in now. Commodities are the play and I believe single family homes are the best commodities out there! I want to buy 10 single family home rentals inside the next 5 years, and I’m guessing closer to 5 years before they become good and boring again.
Doesn't $6.5K plus $7.5K = $1.4M and not $1.3M? $100K is nothing to sneeze at.
Are you planning on recieving 100% financing on those 10 newly purchased SFH rentals. You said $650K of your GIC's are locked in.....so using for collateral? I'm not sure how you will be able to swing this unless you have a huge family income.
Mortgage rates are higher than GIC rates. Just asking, because I would really like to know your plan.
2:40 pm
October 30, 2022
Offline
I plan on putting in 40k at a time and buying units at the 100k mark in linear type markets. 20k down and 20k to fix up I can remortgage 2 of my properties which are 90% paid off. We make 120k a year, so will have enough for down payments provided they are spaced out 6 months at a time but may be able to work a revolving credit with bank and I would be up for 100% financing in the 4.5% interest rate range at 1200 a month rents.
2:43 pm
October 30, 2022
Offline
Yes as long as I obtain financing from BMO I can use as collateral as they own the GICs. One of the only if not the only investments you can lend against provided they are unregistered. Hope that helps
2:45 pm
October 30, 2022
Offline
We owe 65k in taxes so I rounded to 1.3 million
5:38 pm
March 30, 2017
Offline
hayman said
I plan on putting in 40k at a time and buying units at the 100k mark in linear type markets. 20k down and 20k to fix up I can remortgage 2 of my properties which are 90% paid off. We make 120k a year, so will have enough for down payments provided they are spaced out 6 months at a time but may be able to work a revolving credit with bank and I would be up for 100% financing in the 4.5% interest rate range at 1200 a month rents.
Which part of Canada can you buy with 20k down ??
Please write your comments in the forum.