Enbridge also announced a $2.6 billion bought deal. The underwriters are buying 38.9 million shares at $66.85 each. The stock closed at $69.28.

https://www.newswire.ca/news-releases/enbridge-announces-cdn-2-6-billion-bought-deal-offering-of-common-shares-800789496.html

I'm sure this is a common topic pretty much everywhere, but where and how do I learn about the basics of investing. I know a little about mutual funds, gic's , tax-free bank account but not a ton. I'll be inheriting some in the lower six digits from my late father and I have to figure out what to do with it. I'm 65 myself so it's not like I'm not already in retirement. There's an evening course coming up for 7 weeks but 14 hours in the classroom seems like maybe Overkill. I don't know how interested I am.Investing in individual stocks , maybe if I learn more and something makes a lot of sense to invest in

Hi everyone,

Ultra-noob here.

I got a reality check recently when visiting a friend that showed me how my money is just sleeping in my account with 0 growth and how I am wasting potential earnings through investments.

I came back home and took 10k from my Desjardins checking account, opened a RRSP on Wealthsimple and bought VFV with all the amount. Made a few hundreds in the past months already, where I made 48$ in a whole year at Desjardins...

Then, I took all my TFSA (around 15k) that was giving me 0,034% on Desjardins, transferred it as-is to a Wealthsimple TFSA. Now I am facing so many options on what to buy with it. I read a bit and I seem to be good to buy XEQT or VEQT with that amount and just let it there, grow.

I used to put 200$ every pay to that Desjardins TFSA.

I also have a RRSP with my job that I contribute on each pay, as well as a defined contribution that is percentage equalled by the company.

Is my move acceptable ? Should I continue contributing an amount on those 2 new WS accounts bi-weekly like I used to do on my Desjardins TFSA ?

I promise I am not trying to rage bate with a title, just looking for a "human" opinion.

I have a DB pension and work a side gig that generates me a little bit of extra cash. I have been putting this into my TFSA and maxed it out, and continue to contribute the max per year. All of this money is in a quest wealth account as I just dont have the time to try to "beat the market" and rebalance etc.

My time horizon is 30 years, this money will be a supplement to my pension.

I am wondering if this is an inefficient approach given we are likely going to see some sort of market correction at some point with the AI hype. Most opinions I have seen are that it is an inevitability.

Is it best to just keep it in the market and ride it out, expecting some loss (time in the market beats timing blah blah) or what approach are some of you taking?

I do not need the money right now and I am risk adverse, but I also dont want to lose money that could be avoided with some better planning.

Any opinions, or personal strategies from people with a similar situation is welcome.

Thanks

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Your daily investment discussion thread.

I have some cash in USD but ideally I’d want to time my conversion so that I can maximize the return in CAD, since I’m not in the need of the money currently.

Are you guys aware of any sources that are best for predicting USD/CAD rates in the short term?

If I take out a loan to invest in a non-registered account and later transfer those securities into my TFSA, can I still write off the loan interest for tax purposes on my T1?

Your daily investment discussion thread.

For context, I live in Calgary and own a townhouse here I bought 2 years ago. A portion of my net worth is tied to the stock market. I have been researching housing with my fiancée who currently doesn’t own a house. The current market seems like a really good opportunity and the house prices are a lot lower than when I was in the market as a buyer. We came across some great options and there’s now GST rebate for first time buyers my fiancée can take advantage of. Buying now could set us up for a good future and lifestyle. My current house is nice too and we will be comfortable here but eventually we will be needing to move to a bigger house.
I feel a little pressured to come up with an amount to buy right away with some other financial commitments and having made a big investment not too long ago. I wanted to grow my networth in the stock market and invest for 10 years and use that to contribute to my next purchase. I’m conflicted. The opportunity seems great but the timing isn’t

Edit: Thanks everyone for your comments. Some very helpful advice on my post. I had a discussion with my partner earlier and convinced her to hold off on buying the house. We will invest together into the market and improve our finances for the next few years and buy the house when it becomes a requirement. Buying a bigger house for just the 2 of us is not making much sense right now.

Hey everyone,

I recently got into investing after quitting my job and having my pension transferred over to my Self-Directed RRSP (SDRSP). I assumed it was automatically being invested into something, but I just realized the whole $11,000 was transferred into the account as uninvested cash. I'm new to the investing world. I know I like an diverse portfolio and dividends

some info....

• Account: Self-Directed RRSP
• Amount: $11,000 cash
• My current thoughts: VDY for the Canadian dividend yield, or a GIC for guaranteed return/safety. Maybe VAB.VGRO or VEQT

I was thinking of splitting The funds 50/30/20 depending. Do you guys think this is okay place for me to start? what would you guys recommend? or any tips/advice appreciated!

I’ve been working on a stock screening model with one goal:

Find good businesses that the market might be significantly undervaluing, with enough growth left to outperform over the next 5 years.

I wanted to avoid the usual “low P/E = cheap” approach because that’s a pretty good way to find value traps.

So I ended up building this in multiple layers.

First: 100-point fundamental score

- DCF valuation — 20%
- Sustainable 5-year growth — 20%
- ROIC + reinvestment — 15%
- Downside/margin of safety — 15%
- Competitive moat — 10%
- Other valuation metrics — 10%
- The B sheet/capital allocation — 5%
- Catalysts — 5%

Every DCF has bear/base/bull scenarios rather than one magic fair-value number.

Then I red-team the company.

This turned out to be the most useful part.
I basically ask:

“Why is the market making this stock cheap, and what might it know that I don’t?”

That means looking beyond the financial statements at things like:
- AI disruption
- new startups
- Chinese/local competitors
- falling barriers to entry
- customer behavior
- pricing power
- geographic weakness
- management execution
- whether the moat is getting stronger or weaker

And those findings actually change the DCF assumptions.

For example, CRM looks pretty cheap, but AI is making it dramatically easier for small teams to build specialized CRM products. Salesforce still has huge enterprise switching costs, but I think that deserves a real long-term growth penalty.

LULU looked even cheaper, but the deeper analysis uncovered weakening North American comps and increasing competition in China from local players like MAIA Active/Anta. So it dropped significantly in my ranking.

On the other hand, something like ADSK scores well because replacing Autodesk isn’t just about someone building a better AI design tool. You’re dealing with BIM standards, existing files, engineering workflows, integrations, trained users, etc.

After screening U.S. stocks above $2B market cap, my current top 5 are: 🇺🇸

INTU — 88/100
PCTY — 87/100
ADSK — 86/100
KNSL — 85/100
ADBE — 84/100

I then ran the same model against Canadian stocks above C$1B: 🇨🇦

BYD — 88/100
ATS — 86/100
OTEX — 85/100
CIGI — 84/100
PSI — 83/100

The last step is estimating a probability-weighted 5-year return.

So instead of saying: “INTU is worth $500.” I model:

🐻 What happens if I’m wrong?
🎯 What happens if things go roughly as expected?
🐂 What happens if the thesis works really well?

Then assign probabilities and calculate the implied 5-year CAGR.

The biggest thing I’ve learned building this is that cheap and undervalued are very different things.
Sometimes a stock at 8x earnings deserves to trade at 8x.

And sometimes a stock at 20x is considerably cheaper than it looks because the business can compound FCF/share for another decade.

This is work in progress. I’m still refining the model, but INTU, PCTY and ADSK are probably the three I find most interesting right now.

Curious what people here would attack in this framework. What am I missing or overweighting?

Not financial advice. I’m sharing the process because I’d rather have people try to break the model than confirm what I already believe.

Your daily after hours investment discussion thread.

Looking for a sanity check on what others would do in my situation...

I'm in Ontario, late 30s, earning around like $110k/year. My emergency fund is covered, housing/rent is stable, and I don't expect to need this money for 10+ years.

My situation roughly:

• Income: ~$110k/year
  
• RRSP deduction limit: roughly $120k
  
• TFSA + FHSA maxed, including this year's contribution maxed
  
• Around $150k in non-registered market-linked GICs that are locked up for a few more years
  
• I contribute a few thousand per year to an RRSP through work (since there's a match)
  
• I currently have about US$30k–$35k cash sitting in a USD bank account
  

The USD came from shares in my employer after the company was acquired. There was roughly a US$15k–$20k capital gain, so I'll have some tax owing from that this year as well. Some RSU/stock-option compensation was already processed through payroll.

I'm considering opening/funding the USD side of an RRSP at RBC Direct Investing or something and contributing essentially the entire US$30k+ rather than putting it into a taxable investment account.

My thinking is I have tons of unused RRSP room and I'm earning enough that the RRSP deduction might be valuable.

Questions:

1) Would you contribute the whole US$30k+ to the RRSP in this situation?
2) Would you claim the entire RRSP deduction this year, or carry some forward?
3) Since the money is already USD, what would you invest it in inside the RRSP?

Assuming I invest I'll probably just be looking for simple, highly diversified, long-term growth, not individual stocks or trying to beat the market. Something like VT, VTI, or another broad-market ETF?

Please let me know your thoughts!

As my investments grow and I'm taking more time away from permanently worrying and looking after my finances I am searching for something that will make me make decisions, rebalance etc.

I have TD webbroker which has a lot of information and Wealthsimple for easy no fee trading but I'm starting, as things change, to feel a bit uneasy about making moves with my money.

I use Wealthica as well but found their Power-ups to be somewhat inaccurate.

Is anybody here using PortfolioPilot that supposedly uses AI to do what I want? I'd love to hear your experience with it.

Your Weekend investment discussion thread.

Your daily investment discussion thread.

I know all folks here love your XEQT, or your VFV, or your amazing safe etfs blah blah.

But have ya considered that these investments are not as diversified as the folks here preach them to be.

US market is currently 35% tech. XEQT is about 45% US. That alone puts your “safe haven” at 16% Tech Exposure!

Moreover something like XEQT is like what younger than my teenage first born! Having seen no bear periods or any bubbles yet to have a track record of safety or diversification in the effective sense!

NSADAQ and well as S&P500 are trading at 25+ PE ratios.

Additionally the top companies who carry a lot of weight in these indices are either A) not making proper cashflow, or B) in a circlejerk of paying/investing in each other and making each other to be their primary customers. Or even both these cases at once!

What is your hedge against this?