Comments on: 2Q-2007 Report Card

By: Canadian Capitalist

Canadian Capitalist — Thu, 05 Jul 2007 11:16:29 +0000

P Day: In our personal portfolios, I have replaced XBB with the short-term bond fund XSB. I have many posts covering this topic, you may to search for “XSB” on the website.

By: P Day

P Day — Thu, 05 Jul 2007 04:57:18 +0000

C.C. Thanks, we have 30% in xbb inside my wifes rsp. the last month was not great, and I am questioning if xbb is the correct bond choice.

By: Canadian Money Blogs Reviewer

Canadian Money Blogs Reviewer — Thu, 05 Jul 2007 03:06:09 +0000

CC: I completely agree … that said, I’ve always based my mutual funds choices mostly on the MoneySense recommendations .. so far so good I keep increasing the proportion of ETFs though.

By: Canadian Capitalist

Canadian Capitalist — Wed, 04 Jul 2007 19:18:14 +0000

David, CMBR: Mutual funds can and will outperform index funds over the short term. In fact, some mutual funds will even outperform index funds over a period of 10+ years. The problem is finding out which funds will outperform in advance. It could well be that RBC, Chou and Mackenzie funds will continue their out performance but history suggests that odds are not in the favor of actively managed funds.

By: Canadian Money Blogs Reviewer

Canadian Money Blogs Reviewer — Wed, 04 Jul 2007 17:34:57 +0000

David, good point … the results for my only two funds: CHOU RRSP is up 4.6% YTD and my Mackenzie Cundill Recovery ‘C’ (International, deep value) is up 26% YTD.

By: David

David — Wed, 04 Jul 2007 14:52:52 +0000

I’m following this topic with interest. My pool of RBC Mutual funds has returned 6.09% YTD, so I’m not sold on index funds. I’ve also been looking a a number of Value Investors returns as well including Francis Chou, Cardinal Investing and Phillips, Hager & North.

By: Canadian Capitalist

Canadian Capitalist — Wed, 04 Jul 2007 11:30:03 +0000

P Day: I’ve assumed that the Sleepy Portfolio is tax sheltered. You’re right in treating all your accounts (taxable and non-taxable) as a single portfolio. It would allow your portfolio to be tax efficient: you could put bonds and foreign equities inside your RRSP and hold Canadian stocks in your taxable portfolio.

CMBR: I’m not going the 100% index route either. I am planning to capture Canadian equities exposure using my own stock picks (20% of portfolio). Indexing doesn’t have to be an all-or-nothing proposition.

By: Short-Term versus Long-Term Bonds

Short-Term versus Long-Term Bonds — Wed, 04 Jul 2007 11:24:30 +0000

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By: Canadian Money Blogs Reviewer

Canadian Money Blogs Reviewer — Wed, 04 Jul 2007 04:03:21 +0000

I’m all for indexing myself … that said my best performer is Advantage Energy Income Fund (+32% YTD). I’m having a hard going 100% index because of picks like that. I do have some losers like Mullen Group Income Fund (-6.7% YTD).

I’m trying hard to reign in my stock trading though

By: P Day

P Day — Wed, 04 Jul 2007 02:03:29 +0000

The sleepy portfolio, is it a portfolio of tax sheltered funds or funds outside of your rrsp. Would it be wise to make up an index porfolio of rrsp and non rrsp funds and treat it as a single family portfolio for husband and wife? I guess mainly re tax implications!