RE:RE:RE:RE:RE:RE:RE:RE:Need to Quit Worrying About Short Term SwingsHey Red
Long time, no hear. I hope all is going well ont he Island.
Thanks on the congrats. It's sure been a fabulous run.
Here's a breakdown of the 140% portfolio gains since our retirement in mid-2013:
- 60% from take-overs (AAR.UN, ECI, ENF, VNR, DRG.UN, NVU.UN, BPY.UN, IPL) and full sells (NPI & BEP.UN - yield below 3% and pure renewables are a farce, PKI - didn't fit our 5 sector approach, BIP.UN - don't like all the financial engineerring that Brookfield does, GRT.UN - yield beloww 3%)
- 45% from unrealized capital gains
- 8% from short term trading with some of our extra cash. Mainly Mar 2020 - Sept 2021. I've had my fun with it but am now out of the short term trading biz.
- the other 27% plus all our withdrawals from our dividend income
i made quite an effort to avoid OAS clawback but the old portfolio kept growing faster than my estimates. I'm estimating around 17-18% clawback for 2022 for both of us. Once my wife turns 71 and has to convert her spousal RRSP to a RRIF, I suspect we will lose almost all of it.
I totally agree that more taxation is coming. Trudope is such a total IDIOT!!
Take her easy
Sarge
Red_Deer wrote: Hey SARGE__Been reading this Thread for several days now and find it VERY Interesting
Indeed__with VERY GOOD Insight and Guidance as to How BEST Play the Markets.
I too have Morphed into a BUY and HOLD Dividend Collector since starting in 1979. Looking back
at my records I see that my holdings only increased by 70% since 2013__so
your 140% is EXCEPTIONAL__so ConGrats on that !!!!
If you and wife are not already getting OAS CLAWED BACK__them MOST Certainly that day WILL
Come !!!__THAT is MY PET PEEVE__I have NEVER been able to get even a Penny of OAS__and Never Will with my Dividend Income__Especially as the Taxable Amount is WAY MORE than the
actual CASH Amount received__as you would well know eh !!!
And now TruDope is Musing about perhaps CHANGING the Dividend Tax Credit for the NASTY
One Percentors__by CHANGING the Alternative MINIUMUM Tax Rules__Plus of course Increased
CAPITAL GAINS Likely on the way too.
SargeX wrote: Hey Ariahp
Thanks on the portfolio comments. My wife & I are really steady-eddy so no risky stuff like MJ for us. We actually avoid anything directly related to a commodity, gold, high tech, consumer, etc. Just the 5 sectors.
We are truly long term buy & hold eg: BCE 2009, EMA 2010, AQN 2011, PPL, BNS,DIR.UN 2013, etc. As mentioned, we never trim or sell unless something really significant changes with a company (like a divy cut or yield getting under 3%, etc)
Since retirment in 2013, our portfolio value has increased by 140% (so buy & hold and avoid market tming does work over the long haul). All the best
Sarge
Ariahp wrote: Sarg:
You have a very well balanced portfoilio. In hindsight, I wish I had bought some bank shares, instead I lost about 125k in the MJ sector. I did own T, sold it recently and bought IGM and BCE and i have done well on both.
Now My worst day ever was Tuesday March 10, 2020 I was down $1,738,205.43. That is one day I will never forget. Biggest day loss $209k and biggest Day gain $180k
Yet slowely but steadily the recovery started and today I am up a huge amount. The turn around has blown my mind.
I did have a bigger portfolio, sold most and used the proceeds to buy PPL. Ironaically I got to know of PPL when they bought out Veresen. Every month my mantra was to buy PPL and that is why I have accumulated what I have.
Interestingly I have started transferring shares to my 2 sons....to build up their portfolio and reinvest their Dividends.
The journey from March 2020 to now has been very interesting to say the least.
Like I said Sarg, you have a really good portfolio.
Curious which is your favorite Hockey team?
GLTA