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Email this6:46 pm
October 27, 2013
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savemoresaveoften said
If the cash is inside a registered discount brokerage account, not much option but to accept the inferior rate that the investment dealer offers (even for 3rd party names) when it comes to GIC unfortunately.
That’s the issue I face when I don’t want my rrsp to be 100% equities / bonds.
Why not? Keep your HISA cash external to registered accounts. A portfolio is made up of a number of accounts. I have no surplus* HISA cash inside my registered accounts and I will someday have no GICs or similar in my registered accounts once the existing ladder is wound down either. The best 5 year GIC rate currently available in my discount brokerage account is 2.16% (one issuer) and 2.15% (2 issuers).
* except for the assets I sell at some point in the year to fund my RRIF minimum annual withdrawal on Dec 15th of each year. Whether that is one month or three months getting 0.25% (or 1%) for my brokerage ISA in the meantime is neither here nor there.
6:39 pm
March 30, 2017
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AltaRed said
Why not? Keep your HISA cash external to registered accounts. A portfolio is made up of a number of accounts. I have no surplus* HISA cash inside my registered accounts and I will someday have no GICs or similar in my registered accounts once the existing ladder is wound down either. The best 5 year GIC rate currently available in my discount brokerage account is 2.16% (one issuer) and 2.15% (2 issuers).
* except for the assets I sell at some point in the year to fund my RRIF minimum annual withdrawal on Dec 15th of each year. Whether that is one month or three months getting 0.25% (or 1%) for my brokerage ISA in the meantime is neither here nor there.
The RRSP holding which includes dividend stocks and bonds that generates cash every year. Those cash needs to be reinvested and there are times when reinvest into more equities / bonds are not ideal. The only other place to park it is something like CSAV or some shit rate GIC
9:27 am
October 27, 2013
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savemoresaveoften said
The RRSP holding which includes dividend stocks and bonds that generates cash every year. Those cash needs to be reinvested and there are times when reinvest into more equities / bonds are not ideal. The only other place to park it is something like CSAV or some shit rate GIC
If you say so. There has never been a time in 30 years of investing that I didn't find something worthwhile to invest in. I can think of several dividend stocks to invest in right now at decent entry points if I was still in accumulation mode. Until then, accept <0.5% interest on short term cash balances.
9:22 am
November 18, 2017
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Loonie & Co: I visited Oaken here in Vancouver. I didn't ask about validated parking because their materials and web site point one to paid parking, but I will ask! Thanks.
RetirEd
9:40 am
October 21, 2013
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RetirEd said
Loonie & Co: I visited Oaken here in Vancouver. I didn't ask about validated parking because their materials and web site point one to paid parking, but I will ask! Thanks.
You can point out that free parking is offered in downtown Toronto. It may be easier for them to arrange this here because it's underneath the same building. Good luck!
11:05 am
November 18, 2017
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I had thought that, but the National Customer Service line denied any free parking in Toronto. They may be wrong; one person said they used to offer it but it was too expensive.
RetirEd
RetirEd
11:34 am
October 21, 2013
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The last time I was there in person was March 2020, and parking was still free at that time.
I suppose it's possible they have discontinued it - thanks for the warning!
Did they get rid of the free chocolate and drinks too?
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