Tagged: US and Canada
December 12, 2018 at 7:07 AM #40969
David started this forum so those of us living north of the border can discuss common issues. We have different investment options than in the US. It can take a lot of effort trying to find equivalent investments to what David has in the model portfolios or in his holdings that are available in Canada. I thought we could pool resources and share what we have found. I have not done any research in a while so I will do some and post something here.
As an example for Asset-Based Lending I use Lending Loop (lendingloop.ca). I have had pretty good luck with it so far. You lend money to small business, minimum is $200 in the account and minimum per business is $25 so you can easily diversify and spread the risk geographically and other criteria. The limitation for me has been the $10,000 cap unless you meet certain net worth or income criteria. They give details of each business and a credit rating. The interface is easy to use. As an example I currently have about 37 investments, 1 is charged off (they tried collecting but they owe too much to the CRA who has 1st dibs on assets), 4 are delinquent (payment 31 – 120 days late), 4 were prepaid early and the rest are in making monthly payments.
DennisDecember 16, 2018 at 6:33 AM #41332
Good idea to start this thread. I’ll take a look at LendingLoop.ca…
@peterforint | https://www.linkedin.com/in/peterforint | Toronto, CanadaDecember 17, 2018 at 3:26 PM #41427
I am trying to find Canadian accessible bond funds to mimic the DBTLX (Doubleline Total Return Fund) and SAMBX (Seix Floating Rate High Income Fund). They are not available through my brokerage (RBC Direct). Anybody find anything similar?March 25, 2019 at 11:19 AM #50346
Hello. I would like to introduce myself to my fellow residents of Canada. My wife and I are in the process of a permanent move from California to retire in Canada. I am a UK Citizen, a US Citizen, and a Permanent Resident in Canada. My wife is a US Citizen and a Canadian Citizen, but has not resided in Canada for 27 years..
We have investments in the US through Fidelity and Vanguard. What are the pros and cons of leaving them there versus moving them to Canada?
We also have some cash in USD that we were thinking of investing in Canada, but we are not familar with the options here. Any suggestions on what to do with our cash?
Cheers, TrevorMarch 25, 2019 at 11:43 AM #50347
The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat https://g.co/kgs/FFqSh8
Yours sounds like a complicated situation. I’ve not read this book, but Hallam’s Millionaire Teacher is a favourite of mine.
Currency exchange rates between the USD and CAD can swing 30-50% over five year periods so tread carefully.
@peterforint | https://www.linkedin.com/in/peterforint | Toronto, Canada
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