Our return rate on Tangerine Equity Growth Portfolio | Tangerine Bank | Discussion forum

Save2Retire@55 said
Yes, we also have accounts with Questrade for those plus some stocks with 8% - 11% dividend for the past 2 years. We don't have much there though as it is riskier.  

Riskier, yes, but that's generally the idea in longer term investment accounts. With rates as low as they are, or even if they rise, you will be lucky to maintain your purchasing power going forward, especially once you factor in taxation. It all depends for what you're saving. In RRSPs or RESPs, or even TFSAs that are used for retirement planning, I would prefer you to educate yourself some more and try become comfortable with a bit more risk. Nothing speculative and not over-weighted in any one geography, asset class or sector/industry, though.

I suspect even Loonie has an investment portfolio. I don't know what his/her "weighting" is to his equity and other non-bank fixed income investments as that's a personal decision but I suspect even he/she will tell you that is prudent to maintain at least 50% (and that's being conservative) of your long-term, retirement assets in somewhat riskier but also somewhat higher return investment asset classes.

Cheers,
Doug

I don't know why you would make those assumptions about me, Doug.

I don't generally tell people how they should apportion their investments (or at least I try not to). There is common wisdom on this, as you know. One can follow it, or not.

Sometimes I will tell people what that common wisdom is, and why I think it is or is not a good idea in their situation, based on what they've said.

Personally, it's not helpful.

Loonie said
I don't know why you would make those assumptions about me, Doug.

I don't generally tell people how they should apportion their investments (or at least I try not to). There is common wisdom on this, as you know. One can follow it, or not.

Sometimes I will tell people what that common wisdom is, and why I think it is or is not a good idea in their situation, based on what they've said.

Personally, it's not helpful.  

Loonie and OP, I made no assumptions. I simply provided some additional points on which to think, especially if the OP is young and had very little other long-term retirement assets in something with a bit more risk (and return potential) than savings accounts & GICs. It sounds like, based on OP's response, he has other investment assets with Questrade that I hope are not of a minimal amount in comparison to his liquid cash savings and related instruments (i.e., GICs). In which case, that's fine to dispose of the Tangerine index mutual funds.

I merely meant to praise the OP for his choice in the index mutual funds (over active funds with higher MERs and often unnecessary, exorbitant extra fees!) and tried to raise some "food for thought"-type questions as to why he was disposing of those assets. Again, the additional clarification on the Questrade accounts is helpful.

OP, with respect, you asked for help, continually, from all forum users (Loonie, myself and others included). Casting aspersions than I am somehow being "pushy" is most unhelpful. My advice is equally as helpful as Loonie and I'd suggest, that in future, if you want to get advice from more than one or a couple people, you would be wise to continually thank them. You may not have to take the advice but, publicly at least, you should be nothing but complimentary. Feel free to dispense with the advice as you see fit privately.

Also, more "food for thought," consider the effect that confirmation bias has on your own decision-making, that is to what effect do you seek out feedback that supports your general preference.

Cheers,
Doug

Save2Retire@55 said
Doug - I am not sure where you came up with your conclusions 🙂

My post was basically an FYI and I don't think I mentioned if I need a piece of advise or what to do with the money now 🙂 But I certainly appreciate your thoughts and thankful for them. My apology if you felt otherwise.

Anyhow - We move on 🙂

PS - I am early 30s. Not sure if that is considered young or mature enough.  

Okay, you and I are the same age then, assuming you're 33-35. I definitely assumed young, but with your family and successful career, I figured late 30s to early 40s, which, interestingly, as I grow older, now consider to be still very young. Is that a natural tendency to do that? My mom is 60 and I still call her "middle aged," likely erroneously as most of us don't live into their 120s. LOL 😉

I didn't mean to imply that you lacked maturity in any way - certainly not, you have a family a successful career and education. What I was speaking to, not knowing the scope of your financial circumstances, was to your "investment knowledge" or "investment experience/'maturity'."

In hindsight, perhaps I made an assumption that was somewhat or fully incorrect with respect to your "financial maturity" and "investment knowledge" and you made a poor statement that was likely to draw assumptions from me in terms of me thinking your statement of Loonie never was pushy was subtly directed at me as though I were the "opposite side of that coin."

Perhaps we should just drop it and "hug it out"? 🙂

Cheers,
Doug