Personal Finance

WealthONE Bank of Canada

  • Last Updated:
  • Dec 13th, 2017 6:28 pm
Deal Addict
Feb 1, 2006
1251 posts
226 upvotes
Darkman wrote:
Oct 5th, 2017 6:55 pm
I don't know, as I never asked.

Just call them and ask. :)
Emailed them and they were quick to reply and say "Yes, we do offer joint accounts."

Darkman, you may want to consider one in your estate planning. You may save $$$$$ in possible probate fees.
Sr. Member
Jun 15, 2012
807 posts
66 upvotes
MB
Ok guys I need your help, got a void check from One Wealth,
And they told me with this information You can push the money from your bank (RBC)to our bank.(one wealth)
How do I do that?
---
Password with them can only be digits no letters or symbols?
Maximum 8 digits.
save ?
---
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
- Warren Buffett
Deal Addict
Feb 1, 2006
1251 posts
226 upvotes
ukrainiandude wrote:
Oct 5th, 2017 10:09 pm
Ok guys I need your help, got a void check from One Wealth,
And they told me with this information You can push the money from your bank (RBC)to our bank.(one wealth)
How do I do that?
---
Password with them can only be digits no letters or symbols?
Maximum 8 digits.
save ?
---
I think you need a cheque from your RBC account. Then you make it out for $1 and deposit it to W1. Then ask them to link your RBC account to W1.
Deal Addict
User avatar
Feb 25, 2014
2165 posts
319 upvotes
Mississauga
minimalist wrote:
Oct 5th, 2017 6:52 pm
2.5%
lol, I get 10% buying dividend stock and that too monthly.
Oh sada kehra bapu karda black nee, Jehra tere shahir (Toronto), Le lawan flat nee
Deal Addict
User avatar
Jul 22, 2015
2107 posts
696 upvotes
Saint-Hubert, QC
MehtabS wrote:
Oct 6th, 2017 5:42 am
lol, I get 10% buying dividend stock and that too monthly.
Your stock price can drop and the dividend could be cut.

Saving account and equity markets don't serve the same purpose...
Sr. Member
Jul 27, 2017
506 posts
140 upvotes
GTA
MehtabS wrote:
Oct 6th, 2017 5:42 am
I get 10% buying dividend stock and that too monthly.
now you have my attention.

name that stock(s)?

Thanks
Newbie
User avatar
Aug 22, 2014
32 posts
8 upvotes
Rideau Ferry
MehtabS wrote:
Oct 6th, 2017 5:42 am
lol, I get 10% buying dividend stock and that too monthly.
10% dividend? Only high risk stocks gives out that kind dividend.
Sr. Member
Jul 27, 2017
506 posts
140 upvotes
GTA
GoldenElixir wrote:
Oct 6th, 2017 9:16 am
10% dividend? Only high risk stocks gives out that kind dividend.
Agree under normal circumstances, but maybe MehtabS knows something the many folks don't?

This could make for a new thread discussion, I'm waiting to see a response back to 'name the 10% dividend stocks' that he has.
Jr. Member
Jun 24, 2015
101 posts
14 upvotes
Toronto, ON
I am interested in the 10% yield dividend stock as well. Tax on dividend is lower than on interest. Can you let me know the name of the stock, please?
Newbie
User avatar
Aug 22, 2014
32 posts
8 upvotes
Rideau Ferry
porticoman wrote:
Oct 6th, 2017 11:17 am
Nice find, that's a start, although its outdated (on a quick look) THO & AIM no longer pay dividends, others have fluctuated all over the map, little consistency
Well that's why it's high risk. Just use https://finance.google.ca/finance#stockscreener to screen stocks. Currently stock that has > 300M market cap and 10%+ dividends are CBL, DFN, EIT.UN
Sr. Member
Jul 27, 2017
506 posts
140 upvotes
GTA
@ post #147, so basically (looking at what MehtabS is doing) its find an investment that pays 10% dividend/yield, with that investment that doesn't move around more than 10%.

Taking a $10 stock paying 10%/yr dividend YOY for 5 years. Don't DRIP the dividends, just let the dividends stay in cash, and at the end of 5 years (60 mths) $5 in dividends received, minus the initial $10 investment - new money at risk is $5, new yield is now 20%

Is that right?

Or with a 10% dividend on a fluctuating stock would it be better to keep on reinvesting the dividends (DRIP)?

using two of the examples from the link in your last post

https://web.tmxmoney.com/quote.php?qm_symbol=dfn

https://web.tmxmoney.com/quote.php?qm_symbol=eit.un
Deal Addict
User avatar
May 7, 2007
3397 posts
682 upvotes
This is Wealth One Bank ... 2.5% current rate thread ...

Move stocks, dividends etc discussion elsewhere ... as those are totally different products / game ;)
Sr. Member
Jul 27, 2017
506 posts
140 upvotes
GTA
Darkman wrote:
Oct 6th, 2017 1:42 pm
This is Wealth One Bank ... 2.5% current rate thread ...

Move stocks, dividends etc discussion elsewhere ... as those are totally different products / game ;)
agree, we got side tracked as usual.

will take this somewhere else after the 10% guy responds

back to the original thread....

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