Financial Freedom

[lazycatcat]

Preferred Shares

It is interesting that you listed preferred shares, some of which I own and bought two years ago.

Just be careful with bank preferred shares due to following characteristics:

- Virtually all Canadian bank preferred shares are permanent. In other words, if banks don't redeem, holders have no right to ask for redemption.

- Therefore, this represents higher interest rate risks. This risk is mitigated by upcoming BASE III (maybe) and "reputation risk" in that banks don't redeem preferred run the risk of paying higher interest rate on subsequent issues.

- CND banks' tangible equity ratio is rather low at ~3%. This is mitigated by stable income and large deposit base. The cushion should be enough for severe conditions if diversified enough in holdings. However, CND banks derivative exposure is comparable to JPM and other large I-banks in US.

Just for reference on bank preferred. Graham laid out good theories on investment in preferred and can be found in his classical work.

 

[shemozhuben]

1年存1万，100年以后就有100万了，再花个55年，155岁时候留给孩子20来万多妥当啊。

怎么是0% 利息呢？ 如果是balanced portfolio,那至少有8% return.
1年存1万28年之后就是100万了，等于现在的43万。

Financial freedom, what a dream ah!

No it's not a dream. It's a goal.
You know the average person spends 7-8k/year on car? Car ownership costs 1 million in 40 years. That's one of the opportunity cost.

 

[CFC_QUEST]

知道Live above your mean的意思吗？ 有些人退休的时候靠take reverse mortgage生活.有些人购物不看总代价而只看monthly payment.我们称这些人: Live above their mean。




这不是自打嘴巴吗？

你是想打架捏? 还是想卖你的"Freedom 55"?

骗钱的, 我见多了. 跑这来做广告了! 整个一狗屁不懂的东西! :flaming: 还给你"知道Live above your mean的意思吗？"

看仔细点儿, 这也还给你"这不是自打嘴巴吗？"

把我的意思弄明白了, 再回话儿.:lol:

 

[CFC_QUEST]

怎么是0% 利息呢？ 如果是balanced portfolio,那至少有8% return.
1年存1万28年之后就是100万了，等于现在的43万。




No it's not a dream. It's a goal.
You know the average person spends 7-8k/year on car? Car ownership costs 1 million in 40 years. That's one of the opportunity cost.

Hand over your money! --- Freedom 55!

now, it is 155.