That's why I always tell people, spend a weekend or a few to learn about finance, it can literally cut decades of work off your life.Results
Total value of your investment:
$358,316.53
Total interest earned:
$324,316.53
Your initial investment of $34,000.00 plus your yearly investment of $0.00 at an annualized interest rate of 17% will be worth $358,316.53 after 15 years when compounded yearly.
Don't you get reports/statements every year? or Every quarter? Have you called IG to see what are the charges for termination? You should know what you signed or right? Why you need RFD to tell what you have and should do? This is very confusing when you are asking what is yearly return.
are you including all distributions for all the years or just the total value changes?FestivusMiracle wrote: ↑ 5.87% annualized, you've been had! You can check their documents for terms and conditions and their fees. We won't know, only you know that...By comparison, here's the S&P500 (Vanguard): VFV:
https://www.vanguard.ca/en/product/etf/ ... -index-etf
17% annually since 2012 inception
You should have $223k with the S&P500 for the past 12 at least. 17% for the whole 15 years would be $360k
Calculator to find yield from value
http://www.moneychimp.com/calculator/di ... ulator.htm
Calculator to find future value from yield
https://www.getsmarteraboutmoney.ca/cal ... alculator/
Brutality, that's ok man, I F'ed around with options/CFDs/FOREX etc...I had the same amount if not more back then. We all screw up somehow...Man, I should have a million+ now ugh...
That's why I always tell people, spend a weekend or a few to learn about finance, it can literally cut decades of work off your life.
17% is unusual btw, it's normally 10%'ish. So future is going to most likely suck. We're all going to have the same expected low returns going forward.
Just value changes, or whatever Vanguard lists in its returns for its CAGRml88888888 wrote: ↑ are you including all distributions for all the years or just the total value changes?
When calculating cap. gain/loss, you have to include all distributions received during the holding period, otherwise you will report too much gain & pay double tax for the distributions.FestivusMiracle wrote: ↑ Just value changes, or whatever Vanguard lists in its returns for its CAGR
Oooff, that'd be even worse if you include distributions (assuming they're not included in the return figures)
Damn, I use HXS and never have to think about that...But this dude is in TFSA/RRSP, so not as dire.ml88888888 wrote: ↑ When calculating cap. gain/loss, you have to include all distributions received during the holding period, otherwise you will report too much gain & pay double tax for the distributions.
ok, since TFSA/RRSP are registered accts, then no need to add distributions since no yearly tax payable on distributions. So it is 5.87% annualized(compounded).FestivusMiracle wrote: ↑ Damn, I use HXS and never have to think about that...But this dude is in TFSA/RRSP, so not as dire.
He did get hosed right eh? Yeah, a lot of my stuff are in TFSA/RRSP/LIRAs as well...Hey, if we get annexed, will that stuff transfer over?ml88888888 wrote: ↑ ok, since TFSA/RRSP are registered accts, then no need to add distributions since no yearly tax payable on distributions. So it is 5.87% annualized(compounded).
What if the investment was a conservative 60/40 fund? It is not fair to compare to the S&P 500 without knowing the constitution of the investment.FestivusMiracle wrote: ↑ 5.87% annualized, you've been had! You can check their documents for terms and conditions and their fees. We won't know, only you know that...By comparison, here's the S&P500 (Vanguard): VFV:
https://www.vanguard.ca/en/product/etf/ ... -index-etf
17% annually since 2012 inception
You should have $223k with the S&P500 for the past 12 at least. 17% for the whole 15 years would be $360k
Calculator to find yield from value
http://www.moneychimp.com/calculator/di ... ulator.htm
Calculator to find future value from yield
https://www.getsmarteraboutmoney.ca/cal ... alculator/
Brutality, that's ok man, I F'ed around with options/CFDs/FOREX etc...I had the same amount if not more back then. We all screw up somehow...Man, I should have a million+ now ugh...
That's why I always tell people, spend a weekend or a few to learn about finance, it can literally cut decades of work off your life.
17% is unusual btw, it's normally 10%'ish. So future is going to most likely suck. We're all going to have the same expected low returns going forward.
I was thinking that too when I posted that, wonder if I forgot to insert the sentence about that or deleted it.
I did worse on my condoFestivusMiracle wrote: ↑ 5.87% annualized, you've been had!
I tend to agree that mutual fund fees are high and going back far enough there were back end loads to make things even worse. There some, not many mutual funds that are exceptional in terms of having competitive fees.FestivusMiracle wrote: ↑ I was thinking that too when I posted that, wonder if I forgot to insert the sentence about that or deleted it.
To me though, I figured IG = hosed =/. Heard lotsa bad things about them over the years.
Real estate only goes lower left upper right with no reversions or at least that is what the real estate forum folks say.BiegeToyota wrote: ↑ I did worse on my condo
You kept it? Hey, can live in 'em and rent 'em out though, unlike stawks.BiegeToyota wrote: ↑ I did worse on my condo
Condo fees and taxes will kill Canada real estate, just like Florida.FestivusMiracle wrote: ↑ You kept it? Hey, can live in 'em and rent 'em out though, unlike stawks.
Canadian real estate def doesn't look attractive these days. But where else can we put our cuckbuck? It'll just devalue. Stocks, real estate/REITs (not Canada lol), gold...what other assets?
400k sounds like a lot in Serbia, but I guess your point is that it's such a low maintenance fee on such an expensive condo. Crazy, no property tax, haven't heard of that. Looks like Yugoslavia is moving far away from Statism lol...Lot of bad history there and to the East I guess.BiegeToyota wrote: ↑ Condo fees and taxes will kill Canada real estate, just like Florida.
My friend in Serbia pays 20 euros a month in maintenance fees and no tax on 400k Euro condo
Where are you waldo? I mean Mastero? so whats happening? any updates?
There are currently 2 users viewing this thread. (0 members and 2 guests)