ByrneShill’s Activity

Today

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Boards Post

ByrneShill replied to the Canada (General) board. 11:34 AM

Re: Norbert's gambit

Anyone has done it with DLR/DLR.U? My broker show DLR.U as listed in Toronto, not NY. So how do they even know it's in USD? Can securities be traded in USD on the TSX?

I already see myself wasting an hour to explain the whole NG to the rep [more]

Yesterday

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Boards Post

ByrneShill replied to the Canada (General) board. 12:15 PM

Re: Norbert's gambit

The 3% was just a guess. I just checked and here are the numbers for Nat Bank direct brokerage:

CAD to USD: 1.23530
USD to CAD: 0.79030

If you invert USD2CAD, the rate is 1.26534. The difference is 0.03004, so the spread is [more]

Thu Mar 26

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Boards Post

ByrneShill replied to the Canada (General) board. 4:33 PM

Re: Norbert's gambit

I'll check with my broket (Nat bank) if I can do that. They probably won't allow me to have negative amount of shares of anything, anywhere, in any RRSP account, but I guess it'll be time to move on to a greener pasture then.

The spread they [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 2:20 PM

Re: Norbert's gambit

Can you go short (-1000 BNS shares) in your RRSP with RBCDI? Or you have to use a stock which you actually own?

Wed Mar 18

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Boards Post

ByrneShill replied to the Canada (General) board. 1:27 PM

Re: Bad News for ...

Btw I also left out rents, which is the biggest expense for most retirees who live alone, especially those with lower incomes.

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Boards Post

ByrneShill replied to the Canada (General) board. 1:26 PM

Re: Bad News for ...

That's exactly my point. Splitting incomes will only help a minority of people which are in an enviable position (high income) to begin with. Widows, single parents and people who get up in the morning to go to work get shafted.

Compare 2 [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:12 PM

Re: Bad News for ...

@patlab: There's 2 income splitting possibilities:
1-You're a couple with child(s). The saving is capped. I think your 2000$ is in the right ballpark. This is the one the libs are talking about removing.
2-You're a retired couple. No cap as [more]

Tue Feb 10

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Boards Post

ByrneShill replied to the Canada (General) board. 2:00 PM

Re: Poll: Dead Cat Bounce

Ho, and btw, this is just my macro forecast. Of course, if I stumble upon a good undervalued canadian stock, I'll buy a few shares.

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Boards Post

ByrneShill replied to the Canada (General) board. 1:59 PM

Re: Poll: Dead Cat Bounce

Whenever you read "this time around might well be different", be very skeptical. We heard that during the .com years, during the housing boom, I bet it was said during the tulip craze.

Another point from the article is that they [more]

Fri Jan 30

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Boards Post

ByrneShill replied to the Canada (General) board. 1:35 PM

Re: Macro Outlook

I suppose that leaves it up to the borrower?

And if you let a kid eat anything he wants in a candy store, you can declare that the kid is controlling his candy eating.

personnal debt is now 168% of revenue. The average CC [more]

Mon Jan 26

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Boards Post

ByrneShill replied to the Canada (General) board. 3:38 PM

Re: Macro Outlook

There definitely is some control on mortgage lending. They check if you have a pulse for anything >500k$.

Honestly, for as long as the lenders can offload any risk whatsoever on the cmhc, there won't be anything that we can reasonnably [more]

Wed Jan 21

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Boards Post

ByrneShill replied to the Canada (General) board. 12:06 PM

Re: Macro Outlook

Yahoo tells me the rate shot up exactly at 10:00AM.

I definitely didn't see that coming. I've been heavily investing in US stocks (and VUN.TO) these last few months so I just made out like a bandit, but I'll readily admit it has a lot more [more]

Tue Jan 20

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Boards Post

ByrneShill replied to the Canada (General) board. 3:25 PM

Re: Macro Outlook

I'm very bearish on the canadian economy. I'll agree with you that the expansion of the US economy puts the BoC in the delicate position of either raising overnight rates to keep up with US rates, decimating the housing sector or let the USDCAD go to [more]

Sat Jan 3

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Boards Post

ByrneShill replied to the Bank of America board. 12:13 PM

Re: 2015 Year Of The Financials!

That's a 11.7% gain for BAC to reach 20$. It's totally possible. It could also lose 11.7% and finish the year at 15.80$.

I'll throw a number here and predict 18.50$ at end of year. That 60¢ gain added to 20¢ dividend would be a [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 12:12 PM

Re: Oil and Gas

Holy schmolly! 2.62% MER! Hadn't seen that in a while!

I might be late, but I'd say RUN!!! HIDE YOUR WALLET AND RUN!!!!

Vanguard offers canadian index funds (VCE or VCN) with 0.05% MER. There's no way that fund (FSC202) will beat [more]

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Boards Post

ByrneShill replied to the Canada (General) board. 11:55 AM

Re: Nibble

I've been in the exact opposite position of Simon lately. Invested in US stocks that did nothing (which was better than Canadian stock which tanked) but the skyrocketting USD gave me a nice boost to both dividends and cap gain.

I agree with [more]

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CAPS Player Rating 86.32
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Score 856.31
Score Change Today +13.40
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Boards Stats & Trivia

Three stars, 500 posts CAPS All Star
Board Posts 881
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Very First Post Re: insider purchase (8/9/2007)
Percentage of Posts Rec'd 67.20 %
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