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.
Good idea to start this thread. I’ll take a look at LendingLoop.ca…
@peterforint | https://www.linkedin.com/in/peterforint | Toronto, Canada
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?
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