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BoomBoom99

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  • What I Am Putting In My Tax-Free Savings Account [View article]
    Perfect. You can do that tax free in your TFSA. If I was 31 I would do the same. Check out the source I mentioned above. Good luck!
    Apr 23, 2015. 04:19 PM | Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    David,

    ProShares Russell 2000 Dividend Growers ETF (SMDV) focuses on U.S. small cap dividend growers with at least 10 year streaks. Granted it's a newbie but it has a lot of potential much like NOBL.
    Apr 23, 2015. 04:15 PM | Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    O2F,

    Yes there are benefits to having Cdn dividend stocks in non-registered accounts but that's dependant on your tax bracket. I have Cdn div. stocks in all my accounts. Don't get carried away with the generic talk of what you should be putting in your RRSP and non-registered accounts. Lets concentrate on your TFSA.

    You still haven't mentioned your age but your profile suggests you like dividend growth as a strategy. If you want to follow DGI in your TFSA and don't like the Int'l stocks mentioned which don't withhold taxes that leaves you with Cdn div stocks, income trusts and REITs. Dividends from these Cdn sources are not taxed in your TFSA. A very good source for screening for Cdn DG stocks is the Canadian Dividend All Star List which is updated monthly and located here: http://bit.ly/10Whlhb
    The Canadian Dividend All-Star List is comprised of Cdn companies that have increased their dividend for 5 or more calendar years in a row. It's updated monthly in excel format and currently has 65 companies listed so you have lots of stocks to choose from. I wouldn't suggest U.S. div stocks for your TFSA unless you're ok with 15% withholding taxes.
    Apr 23, 2015. 04:02 PM | Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    On2Freedom,

    What you should put into a TFSA is entirely dependent on your goals and age. I'm 64 and retired with a company pension, CPP and bridge from my employer until OAS kicks in this fall. I'm not dipping into my RRSP, TFSA or non-registered accounts yet because I don't need to. I feel the TFSA is the best thing our government provided for us since Medicare. It would have been nice if they started it decades earlier but I'll take what I can get. If I was younger I'd be following the DGI strategy I employ in my other accounts although without U.S. stocks due to the withholding taxes. I don't understand why you feel the TFSA is a useless vehicle for dividends. Please elaborate.
    Apr 23, 2015. 03:11 PM | 1 Like Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    Helen & Baz,

    "The distribution breakdown means you'll have to work a bit during tax time if it's not in your TFSA or RRSP but Brookfield Infrastructure - BIP.UN - has been a great buy with distribution increases of around 10% per annum since their IPO."

    I'm wondering if BIP (and BEP), listed in the U.S., wouldn't be a better choice. The yields are higher stateside and you can claim the withholding back at tax time. UL & BBL would be good international dividend growers to add. They don't have withholding taxes in any account.

    Bernie
    Apr 23, 2015. 11:54 AM | Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    Inzkeeper,

    "Yesterday the man who sits beside my husband at work was escorted out of the building. :( and last week it was 2 cubes down."

    WOW, that's really harsh! Personally, I wouldn't work for a company that doesn't have the decency to "talk" to you in private. Thankfully, I'm retired with pension and benefits and don't have to experience the economic downturn in Alberta directly. I imagine you're dealing with a lot of stress. Good to see you are coping and preparing well for the future!
    Apr 23, 2015. 11:41 AM | Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    spielerman,

    Interesting link! I wonder why they didn't compare 100% equity or 80% equity/20% bond portfolios? I'm assuming the "bonds" in the studies were 10 year T-bonds.
    Apr 23, 2015. 02:48 AM | Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    BHN,

    Interesting! Does the calculated top 10 differ from the ETF top 10?
    Apr 23, 2015. 01:47 AM | Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    Ron,

    I'm also in the initial stage of hammering out a survivor plan for my wife.

    Just curious about your mention of MLPs. I avoid them because I'm Canadian and there is no getting around the 35% withholding tax on distributions made to non-U.S. residents. Are you still considered a U.S. resident even though you live in Mexico?
    Apr 23, 2015. 01:42 AM | 1 Like Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    Alan,

    You may very well be right and I thank you for your comment. I don't feel the majority of the Seeking Alpha members fall into the below average segment but our numbers and other knowledgeable investors out there don't add up to a large population in the investing universe. The reason I'm a bit skeptical with the "average investor" theory is because the majority of these summations were made by purveyors of ETFs and passive mutual funds and they have been quite vague in how they conducted their studies.
    Apr 23, 2015. 01:28 AM | 5 Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    I agree with Timmies! I'm mostly trading in my TFSA to build the balance a bit more before changing over to a diversified high income stock portfolio in a year or two. So far I own two in GH and GRC which have 7% and 6% yields. I added GRC when the yield was >7%. I don't see much DG in these but they have some nice capital growth potential as does DRG.UN which I'd like to buy when I add in the new contribution.
    Apr 23, 2015. 01:04 AM | Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    HOD,

    Thanks, I suppose I should wait until CRA posts something about this on their TFSA info page. As for Harper's "promise" in 2011, he didn't put it into writing until this budget proposal. As a retired near-senior I'm not complaining about this budget. I think Justin Trudeau's rant about repealing the TFSA increase will cost him dearly in the election. He fails to realize this increase in allowable contribution benefits ALL Canadians.
    Apr 23, 2015. 12:49 AM | 2 Likes Like |Link to Comment
  • What I Am Putting In My Tax-Free Savings Account [View article]
    Timmies,

    According to the following article the CRA won’t penalize early contributors but haven’t updated their TFSA info page yet. I'm going in early :)
    http://bit.ly/1yU0OeF
    Apr 22, 2015. 06:37 PM | Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    cavamarie,

    http://bit.ly/1GfWhTi
    Apr 21, 2015. 05:27 PM | 1 Like Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    giorgiolb,

    You're right, my bad!
    Apr 21, 2015. 05:18 PM | 2 Likes Like |Link to Comment
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