RRSP: Anyone else into ALL equities?

[Spazmogen]

I guess I should have read this post after I submitted it.

Sorry for any delay in getting back to you guys...


I do have RBC INVESTMENTS looking afte both my & my wife's RRSP & the RESP for the kids.
Both of the RRSP's are set up as self-directed. So I can own what ever I want inside them. Including Strip Bonds, which I will buy in a few years time.
I've been working with a professional adviser from RBC Investments since 1998.

The pools of money are managed by Russell. I've had some great years since 1999, and some horrible years. I bought the ticket & took the ride. You only loose if you sell when you're down $. I looked into the pools, and at the time, GM & The Ontario Governemnt (and several others) had their pension $ invested with Russell in this program. So I felt comfortable that the pools would not collapse.


My corporate pension plan is about 40% bonds/fixed income, so its pretty stable.

My pension contribution is 8% of my wage & vested by my employer by another 8%. So it doesn't leave me a lot of room for RRSP contributions.

I was just curious if anyone else was in a similar position. The post was not meant to be bragging in anyway.

[Paksis]

I guess I should have read this post after I submitted it.

Sorry for any delay in getting back to you guys...


I do have RBC INVESTMENTS looking afte both my & my wife's RRSP & the RESP for the kids.
Both of the RRSP's are set up as self-directed. So I can own what ever I want inside them. Including Strip Bonds, which I will buy in a few years time.
I've been working with a professional adviser from RBC Investments since 1998.

The pools of money are managed by Russell. I've had some great years since 1999, and some horrible years. I bought the ticket & took the ride. You only loose if you sell when you're down $. I looked into the pools, and at the time, GM & The Ontario Governemnt (and several others) had their pension $ invested with Russell in this program. So I felt comfortable that the pools would not collapse.


My corporate pension plan is about 40% bonds/fixed income, so its pretty stable.

My pension contribution is 8% of my wage & vested by my employer by another 8%. So it doesn't leave me a lot of room for RRSP contributions.

I was just curious if anyone else was in a similar position. The post was not meant to be bragging in anyway.

You should have a serious rethink as regards putting more into RRSP's. Remember you have the Capital gains exemption as well as the favorable dividend tax credit. I only have fixed income in my RRSP's, and 15 years ago started investing in high grade Canadian and some US dividend paying stocks. Mostly Financial with Some Util and a couple of income trusts in Canada and Industrials in the US. Invest some time and money in some decent investment books ie Bernstein and Seigel. The High Grade universe in Canada is very small only about 20 companies, if you plan on living in Canada after retirement then place about 60% Canadian, 30%US, 10% European. Reverse for the US.


You can also use ETF's as well as Dividend funds, but purchase the ones with the lowest fee's. PHN Div Fund have done very well for me. The crash of 2000-2002 didn't even hurt, just lopped some percentages off the ROR. And lastly look at some real estate, a few good rentals plus capital appreciation means deferred income in the bank. Hard assets are best when it comes to dealing with banks.

Minimize expenses by using a discount broker, buy from firms with DRIP(dividend reinvestment plans) and SPP(share purchase plans). Keeps the costs lower by purchasing directly from the company.

A very good magazine and website is Moneysaver.ca. The golden rule when investing in high tax countries is LOOK AT NOT WHAT YOU EARN BUT WHAT YOU KEEP.