Tangerine is strictly an online bank,
owned by Scotiabank and has the bonus
of paying more interest on savings accounts
than the brick and mortar big 5 banks in Canada.
Tangerine accepts transfers, from and to all
major banks. With a $100 deposit, a new member receives an additional $50 from Tangerine.
Please add my Orange Key code when registering; 24769201S1
A Fintech, RoboAdvisors and Dividends Journal; My financial Trek through the risky business of investing online
Informative and Interesting Blogs/Sites that look at personal investing, DIY and an overall snapshot of the Markets
It's old news, yet causes a stir when a new/additional Tariff is slapped on China by the US, Markets dive and last week was no exception with a recovery in the latter part of the week. I read a couple articles where investors are trying to time this; get wind of it and sell ... then buy when the Markets have adjusted to the news and on the way up again. Ideal when stocks or ETF's 'bottom out' but that's tough to time.
Ignoring that, although it takes some discipline to stay on a long term path with goals to meet is a proven course to take.
Reading up on 'Millennial Revolution''s path to be millionaires, it's mainly about chosen Blackrock and Vanguard ETF's with the right balance. However what's tough and again needs discipline, is setting aside monthly cash and distributions to keep building. They mentioned 50% of their income was going to build their portfolio, which is tough to do for most households. I remember reading 'The Wealthy Barber' years ago and 10% of every dollar earned for long term growth is the key. What ever is doable and being able to sacrifice some unneeded expenses along the way. Eating out too much, Tim Horton's coffee everyday, high interest payments on credit cards that needs to be eliminated. Then there's the 'you only live once' quote.
Personally I'm at about 6.5% currently and also have a percentage go to savings from each debit card purchase I make so that does accumulate after awhile plus online ventures I pursue to raise additional cash or 'coin'. Collective, that's over 10% of funds coming in going towards savings and invests.
Good example here with an average 5% with the Markets (Usually around 6%)
Save $10 per day ($300 per month) over 10 years = $49,174
15 years = $83,646
20 years = $127,643
I'm always browsing around online for 'what works' for investing. With Blogs ... there are some awesome ones out there loaded with information on saving, debt and investing, which go hand in hand. Ideal, is to scratch any outstanding high interest debt to get down to the basics ... car payment, mortgage or rent.
Gaining enough with investments to cover the monthly bills tips the scales to being 'independent' from those debts and eventually some financial freedom.
As I view and read, I come across blogs that catch my eye and I add them to my reading list. For example, thruTawcan , I came across Millennial Revolution and the author FIREcracker. with a recently published book ... Quit like a Millionaire. Check it out ... very interesting and I find it addictive reading.
It took a long time but Gold is on the move up since early this year and more so recently at over $1400 USD per ounce. I assume all the stock news lately is driving that. One day good, the next day ... trouble along the charts spurred by International and news at home.
Folks who own REIT's should be more confident if the national interest rate goes down where there's talk of that happening but see what happens with news coming about that issue soon or the rates will stay on par as they are now.
I received an email from Tangerine today announcing their annual 'summer' additional savings account promo of 2.75% on all new deposits. Last summers' was 2.75% and I finished up their 'Winter' promo savings awhile back (2.50%). I activated that right away.
If interested please use my Tangerine Orange Key Code: 24769201S1 and we both get bonus cash into our accounts.
Considering the average return in the Markets for indexes is 6% lately and many an investor looking to the safer Bonds these days with all the uncertainty at this time ... I figure 2.75% is nothing to sneeze at.
I've added another Blog from Bob out of British Columbia ... Tawcan . To some one moving into Vancouver, It's probably the most expensive city in Canada for housing and rent. Bob Lai shows thru his articles how the road to financial independence can still be achieved plus posts about life, work and seeking that job.
A recent article about University grads and seeking high tech jobs.
May ended with a Market downturn. As long as Mr. Trump is the President of the US, there will be off and on turmoil in that area. Meanwhile, Bitcoin and some Altcoins soared in May to new highs. For savvy stock market investors, it's not a big transition to crypto but still a learning experience and having the stress/risk level for wild swings at times. How to move fiat or currency in and out of the Crypto market is a biggie and dealing with high fees that are ongoing currently with the traffic on the Blockchains. When to hold and when to gamble for additional gains if desired. Today, I figure a whole book can get into that subject and still not cover it all.
I've added interesting sites to my sidebar on the right where the authors are involved in the investing world. I find it interesting to read about different viewpoints and their approach to the Markets.
Although, electric cars are more in the news lately, Oil and gas are still king and when Oil fluctuates more than the 'norm', that tends to influence stock markets ... currently related to the Trump - China tariff ongoing spat.
Wealthsimple continues to grow as one of the top Fintech 'robo-advisers' with over 5 billion under management. With savings accounts that come with a 2% interest rate to a mix of ETF related investments.
I recently seen a commercial about Manulife Bank so I decided to check it out. 3.5% interest on an account with a minimum and stay at or above a $1000 CDN balance. That's interesting but like Wealthsimple, that interest rate could change at any time.
Either way, can be a solution to gains without risk.
Tangerine is currently at 2.75% interest rate on savings accounts for new members.
Closing for now, REIT's don't tend to move with benchmarks in the markets but do have adjustment times usually when interest rates move up, which isn't forecast to happen for awhile.
With the warming temperatures here in Halifax, I'm seeing more sky cranes being erected to build more apartment complexes. Seems to be never ending here, even through the winter. With 'interest rates' on hold for now, that's all good news for REIT unit holders. There's not usually a lot of increase in the price of a REIT unit and if so, it's at a slow rate but any increase is a plus. The upside is the steady dividends these apartment and retail owners provide over the years on a monthly basis.
Overall in the big picture in Canada is the increasing issues with China, a huge importer of our goods and that's from the continuing flack over the Chinese owned cell phone provider, Huawei.
Oil and gas is always in the news and has increased in price due to production cuts and sanctions but dropping again because of increased production from the US and Russia, as well as Saudi Arabia. That weighs on the Markets from time to time.
As I collect my Dividends from the REIT's I hold with plans to steady build on that, I keep tabs on the finance news which can be information overload at times. I focus more on the overall picture as it changes from week to week, month to month and how it 'weighs' on the stock markets.
Of course Trump is not happy unless he's causing a headache for investors; currently thinking on starting a trade way with Europe.
On the positive side, slowly rising Oil prices are due to cuts/or holding production at a current flow. Good news for our oil and energy related companies/stocks.
Meanwhile, keeping fees and commissions as low as possible is my aim so there is less impact on my bottom line
Wealthsimple Trade is now live for cellphone and tablets. Currently, I'm waiting for the site to become available on desktop.
Wealthsimple Trade is currently testing it's Trading site available via it's 'app' on cellphones. That will be available for desktops and laptops in the future. No fees for buying stocks, which will draw a lot of customers I'm sure that are paying up to $9.95 per buy and sell currently. That takes a lot of fees out of the picture for folks who do a lot of trading.
REIT's, my main interest are for the most part, performing normally. There's not a lot of increase in the actual price of the Trusts on average but the my concentration is that the monthly dividends have a steady history of payments with low increases over time are ideal.
The overall Stock Market has improved a lot since the December 2018 woes but there's a few issues, as always weighing on the Markets and many an investor's minds.
The Wealthsimple Trade 'app' is in beta testing to some and I'll update about that.
I see the Wealthsimple savings account is up to 2% now, being one of the highest in Canada to add growth to your savings each month. Yearly, calculated daily and added each month.
Although I don't own an ETF as yet although I've been window shopping, in Canada ETF spends passed Mutual Funds by a wide margin for the first time. Two reasons are low fees and the ability to sell quick instead of waiting for a sell to 'settle' .. 2 to 3 days.
In the first 11 months of 2018, ETF's brought in $18.7 billion compared to $7.8 billion for mutual funds.
For example, being a fan of REIT's, there are ETF's that include all the major REIT's in Canada with monthly dividend payments. 'Weighting' where more units/shares are bought in one REIT compared to another takes some research and that is adjusted along the way.
Currently, I'm buying REIT's individually, only incurring the 'buy' trade fee and no management fees so there's good points about both.
As of today, the TSX has been moving up nicely so far from the lows of December.
Although, the main issues that fueled a major sell off in the stock markets in the last few months of 2018, linger, Markets have improved so far, showing steady gains. I see that with my invests moving back up to their 'normal' range for now. Rising interest rates this year and no progress yet on the US - China Tariff war as yet, will factor in; or what they call 'weigh' (put pressure) on the Markets starting 2019 plus the issues that smolder slowly and those that pop up out of the blue. Like Apple's past missed revenue forecast, now history. Their shares took a dip after that report but climbing once again.
The benchmark and index, TSX is what investors keep a watch on as they work their portfolios, Monday to Friday. Investing in a TSX based fund or ETF, 2018 ended as a loss, recovering some in the later part of December. Always on my mind is how REIT's are performing and looking at Blackrock's Canadian REIT based ETF, ended in a positive note for 2018.
REIT's do sway some with big fluctuations in the TSX but not as much as other stocks.
Very interesting to see how the stock market reacts and performs starting tomorrow for 2019. The major banks and weed stocks stirring more interest at this time.
The Stock Markets continue to plunge causing worry and more selling along with some panic. I've seen these negative trends where it gains momentum with the human factor involved.
On my end, I'll stick with my investments and wait for better days that will come once again, eventually. Meanwhile it's a good time to wait it out with cash in preferably a high interest savings account
As I suspected from my December 9th Blog Notes, the Markets were by far from upbeat again today for numerous reasons.
One of my fav REIT choices so far being Killam, KMP.UN isn't influenced by the TSX broad benchmark and rose just shy of $17 a share, $16.98 and closed at $16.90 at 4 PM EST.
I read and follow ... Equedia Investment Research and the in depth newsletters they send out. They have like an 'outside of the box' look on the latest goings on in the investment world and some of the factors that influence it.
The latest 2 articles focused on a bottled water company and it's stock within a year has gone from just above $1 to near $7 at closing today ... actually rose over a dollar today ... The Alkaline Water Company, TSXV: WTER
Doing some research myself, impressive growth and shipping it's product to a lot of the major retailers out here on both sides of the border. An interesting stock to keep an eye on.
There is is an interesting development with the big banks of Canada. I'm notified when their fees are updated with some hikes or rarely, no change. However, there is more of a common complaint now that overall fees are getting higher and folks want to see something in return. Mainly, more interest on their savings accounts or move to a bank that will and does.
I'm certainly a fan of that. Scotiabank has introduced a short term 3.2% rate on a specific savings plan until March. That's a start. Hopefully that will spark more savings account rate hikes with the banks. Scotiabank's virtual or totally online
bank, Tangerine offers close to that rate for longer terms. That's the main reason I'm a long time member of Tangerine formally known as the Ing Bank of Canada.
With more on savings ... the TFSA (Tax Free Savings Account) has a new maximum contribution limit of $6,000. Cool.
I grow my funds within TFSA's such as the dividend paying REIT's I mentioned in previous posts.
With the current Market woes, I'm happy with my REIT choices as they move slightly with the ups and downs of the TSX and other factors working on the markets these days. Looking at my portfolio this morning I see they are about in the middle between the 52 week high and lows so that's good to see.
Living here in Halifax I see a new mix of apartments completed or in construction with apartment rental above and several retail spaces below on the ground level. More of a stay at home shopping experience depending on the shops available. I think with online shopping and delivery for groceries ramping up quickly with big box stores here, these multi use buildings are a wise addition to the REIT's.
Looking at the railway in Canada and the dividend stock available ... I see that sector may get a big boost to their workload as the Federal Government are contemplating buying a lot of rail cars to haul oil south to the US where their planned pipeline project is blocked by a US court for now. CNR.TO - Canadian National Railway Company and CP Rail - TSX: CP are the two railway companies in Canada that could get a boost from the Feds.
According to a sort of Bank of Canada poll and putting fingers on the pulse of the investor world in Canada, it's not that rosy yet and no positive predictions either. US and World markets tend to affect us so there's a lot of investor tension on the go. Probably a lot of funds sitting in 'cash' accounts waiting for brighter days where the TSX continues to be flat or dips into the negative for a day.
Over the long term, these events don't matter but when folks look at their shrunken portfolio values compared to mid 2018, it gets them to thinking about the future, which no one can predict of course.
For me, I continue my interest in REIT's and high interest savings accounts
like Tangerine until I see a more 'positive' trend in the Markets.
Like most investors, I continue to watch the state of the Markets to see if the October scare is history or will it have after effects. So far this week with some normal bumps, things are improving. Trade wars had a negative taint on it all until the US and China news that they will meet to see if some resolution can come of all that which Trump started.
Meanwhile, my REIT holdings didn't move much during the recent dips in the Markets. Confirms my stand that they are reliable and consistent.
It's been quite a bumpy ride in the markets this past week and it's not over yet although today, there was some recovery. I read something like a few trillion in 'sells' world wide. Here in Canada, the TSX fell the lowest in 3 years and struggling to get back up to norms although a few Banks figure it will recover and then some by the end of the year. If that becomes true, it would a good time to buy a S&P/TSX Capped Composite Index ETF
That leaves a lot of stocks at lower prices ripe for buyers to pick up that are interested and I'm sure some investors are doing that. Discount shopping.
As for me, I'm sticking with the dividend producing REIT's as a base, there was little impact on their stock prices, even seeing a gain here and there through the storm in the Markets. PRV.UN and KMP.UN (that gained 2.48% today) so I'm pleased with my invests to date as I move forward.