加拿大家园论坛

也来谈谈基金投资吧

原文链接:https://forum.iask.ca/threads/662796/

钟爱投资J : 2013-08-19#1
之前刚刚发了一个主题,但是好像发错了,发在我RESP的那个帖子里面了,不知道怎么改回来,对RESP感兴趣的朋友可以看看原帖链接,里面有很多讨论

关于RESP

新移民过来如果想投资理财,基金是不得不说的一个产品,也是算比较入门级的投资产品,相对来说,简单,好理解。这个帖子就专门说说基金了,什么是基金,怎么投,税怎么上。

还是那句话,难免有不当之处欢迎讨论和指正

钟爱投资J : 2013-08-19#2
回复: 也来谈谈基金投资吧

移民过来加拿大,投资的方式有很多,房地产啦,投入公寓收租金啦,信托啦,保险啦,商业地产啦。 够买基金是比较直接参与市场的一种方式,一般来说,我们可以想到购买基金的理由是

1. 基金购买方便,去银行,投资银行,金融公司,都可以直接购买。 投行和一些金融公司有个最低门槛,比如至少10万加币起

2. 通过基金其实可以接触到很多的投资种类,比如股票,政府债券,企业债券,甚至房地产信托等等

3. 通过基金可以以少量的资金达到充分的投资分散。 投资分散的目的就是减少风险值,比如你有5万,你可以做到自己去买100种股票,100种债券吗。 就算可以,你要花多少功夫自己去做这个事

4. 基金可以实现高于通货膨胀的回报甚至回报可以高达15%-20%, 对于现在超低利率来说,是很有吸引力的

5. 一些基金可以提供稳定的现金流,比较适合需要稳定收入的人群,当然这个所谓"稳定"的现金流也是有其风险的

6. 基金有自己的管理经理做专业的分配,省去了你自己去研究市场和做资产转换的时间,况且不是没个人都知道怎么去根据市场研究做适当的分配。 Leave to the professionals

钟爱投资J : 2013-08-19#3
回复: 也来谈谈基金投资吧

在加拿大就有上千种的基金可以选择, 怎么选择,和谁买? 我们分点慢慢来讨论

1. 请记住,如果你拿一笔钱,准备投资3-5年,请不要走进一家银行,说给我介绍所谓”最好“, ”回报率最高“的基金。 如果你的经理直接拿出几个基金,告诉你怎么怎么好,历史回报怎么怎么高。那么这个经理是不称职的。 请记住, 没有什么所谓”最好“的基金,只有在一定时期内,资产分配相对合适的基金, 至于这个基金是不是适合你,除了资产的合理分配意外。 还要看你自己的风险承受力和对市场的预期。

假马的马夹 : 2013-08-19#4
回复: 也来谈谈基金投资吧

在加拿大就有上千种的基金可以选择, 怎么选择,和谁买? 我们分点慢慢来讨论

1. 请记住,如果你拿一笔钱,准备投资3-5年,请不要走进一家银行,说给我介绍所谓”最好“, ”回报率最高“的基金。 如果你的经理直接拿出几个基金,告诉你怎么怎么好,历史回报怎么怎么高。那么这个经理是不称职的。 请记住, 没有什么所谓”最好“的基金,只有在一定时期内,资产分配相对合适的基金, 至于这个基金是不是适合你,除了资产的合理分配意外。 还要看你自己的风险承受力和对市场的预期。

继续

钟爱投资J : 2013-08-19#5
回复: 也来谈谈基金投资吧

继续上面说的

2. 你买任何一种基金的时候你需要弄清楚以下问题

a. 我的投资时间跨度多少? 不要说什么投着看看,可能1年,可能3年, 这是对你自己不负责任,也会让你的基金经理很头疼

b. 我投资这以部分资金是要追求什么? 一个中长期的长期相对稳定回报? 还是要求提供收入为主? 还是说追求高于平均市场的回报? 还是说,我只是不满足只是放在一个1.5%的定存里?

c. 推荐给我的基金,基金管理费是多少? 除了每年的管理费, 买卖的时候有没有其他费用。 基金管理模式是什么,是积极管理型,还是追踪大盘型?

d. 基金什么时候成立的,近10年到20年的回报如何

e. 基金经理目前管理这个基金有多久了? 如果基金经理刚刚上任的话,那么之前的回报率参考价值就降低了

f. 基金每年回报率的波动幅度

g. 基金的风险评估值和资产组成

i. 收入盈利如何交税。 这个后面会再详细提到。 比如有一种基金可以把利息收入转变为增值收入,这样相对来说就少交税。

钟爱投资J : 2013-08-19#6
回复: 也来谈谈基金投资吧

一般人购买基金,可能首先想到的是这里的五大银行,比如TD, BMO, RBC,找这里的开户经理给你推荐或者什么。 这里可以很付责任的和大家说,对于超过70%的银行开户经理来说,他们对于基金的了解和怎么投资并不十分清楚。他们的选择基本就是银行其他经理告诉他们卖一些什么,或者直接和你说什么是低风险,什么是中风险,什么是高风险。 历史回报率多少。。。。 第一,他们可能没有真正的投资信息去指导你怎么做。 第二,他们也不能拿自己的意见和你说。 之前看到有人说的比喻还蛮恰当,去一家银行做基金投资,除非是小额的,不然你等于是去一家上海菜馆吃川菜,味道总是怪怪的。。。。

加拿大这里有一个网站是一个很好可以给你自己做功课的地方,就是global andmail 的投资信息页
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/

这里告诉你最近一个月,三个月,一年回报最高的基金种类是什么(比如说,过去一年,专注做金融业的基金回报很高,高过了30%),你还可以看到最近一年,具体哪几只基金回报率最高top gainer, 和哪几只基金回报最差top loser. 比如最近一年,做metal金属的,亏损可以高达40%。 当你的投资资本少了40%的时候,再想回来会很难。

你还可以根据自己具体的选择,筛选出一系列基金作为参考,比如你想买管理费小于2%的,管理运作资产大于1个亿的,激进类型的,评级高于3星的。 只要你输入这些相关的条件,就会产生出一系列符合你条件的基金。

钟爱投资J : 2013-08-21#7
回复: 也来谈谈基金投资吧

接下来说说我们经常听到的Asset Allocation - 投资资产分配。常见的资产可以大致分为以下

现金 - 包括你银行的活期存款,Money Market fund也可以归为其中
债券 - 可分为政府债券,企业债券,高息/垃圾债券, 可转换债券
股票 - 分红股票,中小企业股票,新兴市场股票等等
大宗商品
房屋市场信托产品 REIT
私募股权 private equity (可以通过ETF购买)

在这里所有的基金,都多多少少含有一种或多种的资产配置。 如果你购买的是指数型或者非管理型,那么基本资产配置保持不变,管理费用相对在1%左右。 如果你买的是积极管理型的基金(Actively managed) 那么一般费用在2%-3%之间, 根据管理类型的不同,基金经理可能没月或者每个季度都会做一定的资产调整。

说道这里,你的经理给你推荐的timing就比较重要了, 比如你在今年年初的时候想买基金,你的经历告诉你,配置以美国股市为主的资金,那么你今年到现在的回报应该是不少于10%的。 相反,如果你配置了以加拿大资源为主的基金,那么你今年目前为止的回报就没那么走运了。 不是说这个基金不好,而是时机timing不对。

钟爱投资J : 2013-08-21#8
回复: 也来谈谈基金投资吧

大家感兴趣的话我在把5大银行主要一些基金产品做个大概介绍

meguro : 2013-08-22#9
回复: 也来谈谈基金投资吧

顶,很感兴趣。

钟爱投资J : 2013-08-23#10
回复: 也来谈谈基金投资吧

谢谢,终于看到有感兴趣的了,貌似大家对基金热情不高,我不想自导自演哈

顶,很感兴趣。

wnan : 2013-08-26#11
回复: 也来谈谈基金投资吧

这里人比较少,要是去到温哥华社区就人多了。帮顶

monk620 : 2013-08-27#12
回复: 也来谈谈基金投资吧

我也感兴趣哎。谢谢楼主

davidwuw : 2013-08-27#13
回复: 也来谈谈基金投资吧

顶楼主,搬小板凳听讲!

jijing1111 : 2013-08-27#14
回复: 也来谈谈基金投资吧

大家感兴趣的话我在把5大银行主要一些基金产品做个大概介绍
有用美元买的货币型基金吗?年收益多少?在哪买?

钟爱投资J : 2013-08-28#15
回复: 也来谈谈基金投资吧

不好意思,这两天有点忙,有时间就回到,整理点信息发上来

johnnylu : 2013-08-28#16
回复: 也来谈谈基金投资吧

请楼主详细的解释下,正准备投资。

钟爱投资J : 2013-08-29#17
回复: 也来谈谈基金投资吧

先来说说BMO的基金

BMO的基金,以加币结算的种类很多,以美金结算的就比较少,做的也比较一般。 基本的选择可以在这里看到
http://www.bmo.com/home/personal/banking/investments/mutual-funds/navigator/funds/mutual-funds-list/funds-overview

和大多数的基金一样,bmo也是直接按照风险等级去归类。 因为种类太多,我们这里选几种历史相对久的说一说

首先说说income收入类基金。 顾名思义,这种类型基金一般投入短期或者长期政府和企业债券(可以是bond,有抵押物,或者debenture,无抵押物的),residential房贷市场,或者其他可以产生收入的投资项目。

BMO Mortgage & Short-Term Income Fund
这个基金从1974年开创到现在, 平均回报率为7.49% 近5年和10年的平均回报率都是刚刚过了2%。 现任基金经理从1991年上任至今。 在季度财报显示39%财产大概是企业债券,25%投资于MBS,房屋抵押债券。其他投资于短期money market fund, collateral mtg obligation之类的,这里就不做详细解释了。 总而言之,这个基金的目的就是给投资者尽量提供低波动的收入,通过将资产投资于各类政府保证或者企业保证的各类短期债券

BMO Bond Fund
债券基金 - 1988年开创以来,还是取得不错的成绩,只有其中两年的回报为负,1994和1999年。目前的基金经理自2004年上任。 投资的债券基本为BBB以上债券。 如果你10年前投资这个基金,那么按照复利的年回报率大概为4.4% (真是个不吉利的数字,汗)
请不要被历史的回报所干扰,因为现在特殊的经济环境, 近3个月,这个基金跌了近4%。 这支基金目前主要持有37%的企业债券和29%的省政府债券。 目前不建议持有这个基金。 原因很简单 1. 100%为债券 2. 主要holding的债券为长期duration的债券,换句话说, 利率上升,这个基金会受相对更大的影响。

洗洗睡了,下回再聊

PETER ZHANG11 : 2013-08-29#18
回复: 也来谈谈基金投资吧

期待下文,楼主多介绍一些相关投资信息

钟爱投资J : 2013-08-29#19
回复: 也来谈谈基金投资吧

不好给出直接投资建议,也没那个水平啊
期待下文,楼主多介绍一些相关投资信息

frankben : 2013-09-01#20
回复: 也来谈谈基金投资吧

加油啊

钟爱投资J : 2013-09-04#21
回复: 也来谈谈基金投资吧

今天简单说说很多人问的REIT - 房产信托

我之前有客户问我,REIT表现一直那么好,貌似收入很稳定,那么是不是可以多买一些REIT呢, 貌似收入什么都很稳定,价格也一直在涨。

钟爱投资J : 2013-09-04#22
回复: 也来谈谈基金投资吧

简单来说,REIT给很多投资者提供了一种非常便捷的投资房产,不光是个人房产市场,还包括商业房产市场, 写字楼。 其投资范围可以设计个人房产, 商业写字楼, 购物广场, 旅馆和仓库等等。 可能只要几千块,你也可以收租金,成为房产投资者,是不是很给力! 再看看加拿大一个REIT capped index, 过去5年年回报超9%。

按照投资方式划分,REIT可以分为Equity和Mortgage. 简单来说,Equity REIT一般用fixed mortgage去购买并持有房产,而Mortgage REIT 只是持有Mortgage, 并不持有真正的房产,不是equity owner. 比较起来, 利率的起伏会对Mortgage REIT有更大的影响

任何投资,只要是市场化,都会有起伏,都会有风险。 那么这个REIT的风险在哪里呢? 这个时候是不是适合购买REIT?

REIT的表现受利率的影响,甚至受对利率变动的预期的影响都很大。 绝大部分REIT在利率有上升预期的时候都会表现出超长波动。 利率的上涨和债券收益率的上涨会对大部分REIT造成负面影响。 原因很简单,这些REIT用来购买维护房产的借贷成本上升。 而且当大环境利率上升时候,投资者投资REIT需求的收益率也随之上升,直接导致价格下降。 有一些REIT比如公寓REIT或者仓库,受利率上升影响较小,甚至会因此受益。 原因是当利率上升,购房按揭成本增加,可能更多人会因此选择租公寓,而不是去买房。

当然,购买一个REIT不简单是看利率大环境,还有其投资种类,基本经济增长和你自己对收入的需求。

feng8787 : 2013-09-06#23
回复: 也来谈谈基金投资吧

等着继续,特别是SCOTIA BANK有些什么产品可以买,谢谢!

钟爱投资J : 2013-09-08#24
回复: 也来谈谈基金投资吧

也可以先去和scotia 的投资经理谈谈呀
等着继续,特别是SCOTIA BANK有些什么产品可以买,谢谢!

Vancouver landing : 2013-09-08#25
回复: 也来谈谈基金投资吧

多谢lz的信息,继续学习!

pine song : 2013-09-10#26
回复: 也来谈谈基金投资吧

美国国债怎样购买?LZ可以指条路吗?听说10年期的年收益率已经超过3%。

钟爱投资J : 2013-09-10#27
回复: 也来谈谈基金投资吧

指一条路不敢说,没那个水平。

看你投资的期限和目的了,10年收益从年初开始就有媒体预测到接近3% 如果你是长期点的,那么可以放入一些短期中期bond,不要过长duration, 或者laddered bond也可以,就是收益少点。

主要还是配置以美国equity为主资产配置,再过一个多月就是各大公司发布季报的时候了。 注意最近新兴市场etf资金走向,新兴市场最近出来了很多资金,如果你是value investor,可以关注一下,还有就是关注中国经济,作为给大宗商品价格的参考。最近BDI和船运很活跃,如果运输原材料的价格持续而稳定上涨,那么可以多关注下commodity

总而言之,言而总之,以上只是对目前经济大势的总结和观察,在不了解你的个人方方面面之前,不构成任何投资建议

美国国债怎样购买?LZ可以指条路吗?听说10年期的年收益率已经超过3%。

口水哗哗哗的流 : 2013-09-11#28
回复: 也来谈谈基金投资吧

请教下哪有专注加拿大银行的基金产品?我在汇丰找到款银行和能源的基金,两者对冲掉了收益不高。

钟爱投资J : 2013-09-11#29
回复: 也来谈谈基金投资吧

请教不敢

专注加拿大银行一般都是做加拿大dividend 红利的或者以加拿大income收入类型为主的。


请教下哪有专注加拿大银行的基金产品?我在汇丰找到款银行和能源的基金,两者对冲掉了收益不高。

钟爱投资J : 2013-09-20#30
回复: 也来谈谈基金投资吧

美国股市近日因为美联储继续量化宽松而大涨(no tapering) 短期对债券下跌是个压力的环节 长期看下去,美元资产仍旧比其他投资具有吸引力, 但是因为各种talk, 会比较choppy,不建议大量持有股指ETF, 行业的选择更加重要。 以S&P的历史P/E来看,市场现在不算便宜,但是绝对不算贵。 通货膨胀预期价高和经济的增长会是市场继续上身的动能。 另外还有很多funds是sitting sideline 也就是说还有继续推高市场资源

钟爱投资J : 2013-09-20#31
回复: 也来谈谈基金投资吧

说说之前看到过smart money选股的一些标准。 首先是刷掉market cap 小于3个亿的公司,然后刷掉每天交易量小于40000的股票, 接着找出距离一年新高有25%以上的股票 股票的P/E低于5年平均水平, 股票的PEG(就是再算上股票的增长率) 也很低。 在筛选出来的股票中,再分析那些股票的行业是有前景的,分析股票的P/E为什么低于5年水平。 最后做一个buy rating给具有好前景行业中的leader

8888network : 2013-10-12#32
回复: 也来谈谈基金投资吧

mark

Hellgate : 2013-10-15#33
回复: 也来谈谈基金投资吧

多谢楼主分享,还请不吝赐教。

钟爱投资J : 2013-10-15#34
回复: 也来谈谈基金投资吧

客气了,可以聊的很多,这里只是拿几点出来说说
多谢楼主分享,还请不吝赐教。

salmon : 2013-10-19#35
回复: 也来谈谈基金投资吧

楼主,TD的基金怎么样啊?

wanghongbin : 2013-10-28#36
回复: 也来谈谈基金投资吧

期待楼主谈谈RBC的基金:wdb17::wdb19:

Hellgate : 2013-11-19#37
回复: 也来谈谈基金投资吧

楼主请继续发言啊,别让这个学习帖沉了!

nono123 : 2013-11-20#38
回复: 也来谈谈基金投资吧

我08年自己买的ResP,期间遭遇09年的暴跌,目前的年收益率平均 13.9%,还可以吧?

凤眼兰 : 2013-12-11#39
回复: 也来谈谈基金投资吧

mark

SHRINKGEORGE : 2013-12-22#40
回复: 也来谈谈基金投资吧

楼主说说BMO与TD基金哪家总体说来强一些?

sorbuct : 2014-01-13#41
回复: 也来谈谈基金投资吧

ding

wyx2000 : 2014-01-13#42
回复: 也来谈谈基金投资吧

买基金不如果买ETF或直接买股票。
以前总是说中国股民自己炒,这边成熟,都是机构代炒。真的买进了,这发现问题大了。
一般基金管理费一年3%或更高,基金经理炒好了有很多提成,没炒好亏了算投资人的,而且再亏一年的管理费也少不了。想想这能好吗?
这几年太多的不利于基金的例子了。就去年,股市指数涨了30%多,华尔街基金平均才涨10%不到。

taxpayer : 2014-01-14#43
回复: 也来谈谈基金投资吧

我08年自己买的ResP,期间遭遇09年的暴跌,目前的年收益率平均 13.9%,还可以吧?

09年应该是暴涨吧。这里平均12%的收益算比较普遍的。你能取得14%的收益,是比较高的。

mmddxcc : 2014-01-16#44
回复: 也来谈谈基金投资吧

搬个板凳来学习,期待跟多人参与讨论。

soleil_lee-太阳李 : 2014-01-17#45
回复: 也来谈谈基金投资吧

买基金不如果买ETF或直接买股票。
以前总是说中国股民自己炒,这边成熟,都是机构代炒。真的买进了,这发现问题大了。
一般基金管理费一年3%或更高,基金经理炒好了有很多提成,没炒好亏了算投资人的,而且再亏一年的管理费也少不了。想想这能好吗?
这几年太多的不利于基金的例子了。就去年,股市指数涨了30%多,华尔街基金平均才涨10%不到。

你拿基金的平均涨幅跟股指比,这显然对基金不公平。基金种类多得去了,如果是债券基金,去年是微跌,如果是贵金属基金,去年至少跌30%,你这平均下来10%已经很好了吧! 你要跟股指比的话,至少拿股指基金和股票基金来比,股指基金,如果是投资美国的2013随便一个都是40%了。而股票基金,40%朝上的更是多的去了。

wyx2000 : 2014-01-17#46
回复: 也来谈谈基金投资吧

你拿基金的平均涨幅跟股指比,这显然对基金不公平。基金种类多得去了,如果是债券基金,去年是微跌,如果是贵金属基金,去年至少跌30%,你这平均下来10%已经很好了吧! 你要跟股指比的话,至少拿股指基金和股票基金来比,股指基金,如果是投资美国的2013随便一个都是40%了。而股票基金,40%朝上的更是多的去了。

不明白你的论点,基金不管升还是跌,一年收你3%的手续费是没商量的。在股市下跌时他们都跌,股市涨时却却涨不到平均指数,那还要交手续费干嘛?不如去买股票或ETF.

soleil_lee-太阳李 : 2014-01-17#47
回复: 也来谈谈基金投资吧

不明白你的论点,基金不管升还是跌,一年收你3%的手续费是没商量的。在股市下跌时他们都跌,股市涨时却却涨不到平均指数,那还要交手续费干嘛?不如去买股票或ETF.

3%手续费你指的什么?MER还是买卖的费用?
MER本来就已经摊到基金净值里了,又不是额外付的。

至于买卖的费用有很多基金是no load的,并不需要买卖手续费。no load的基金中不乏收益靠前的五星基金。

至于你说的“在股市下跌时他们都跌,股市涨时却却涨不到平均指数”,这完全是莫须有。前面一个回复里面已经解释过了,不再赘述。

总之,基金,ETF或者股票都有各自适合的投资人群,对个人来说只有对于自身情况(包括投资目的,风险承受力,投资时间,专业知识等)适合和不适合之分,并没有绝对的好坏之分。没必要为了说一个好,就棒打另外一个。你觉得直接买卖股票很好,那就是股票投资更加适合你的投资风格,你完全可以继续,我相信你也可以达到自己的投资目的。但你没必要说基金投资就不好,大家都不该做。

wsqlya : 2014-01-17#48
回复: 也来谈谈基金投资吧

期待楼主讲述rbc的

taxpayer : 2014-01-20#49
回复: 也来谈谈基金投资吧

和历年来1月份市场的走势一样,2014年到现在,TMX一路上扬啊。什么时候能买入呢。

上周一跌你没买?

taxpayer : 2014-01-20#50
回复: 也来谈谈基金投资吧

一月6日买入5500的TD comfort balanced growth portfolio 给我今年的免税账户,另外又买了2000的基金,之后一直等着机会再次买入,就一直没等到,或者说错失了上周的机会了。。。

刚刚约了TD,明天,开你说那个TD waterhouse的 discount account去。

你问过discount brokage的 non-register 要年费吗? 我只知道TFSA无年费 不过看来你已经开了TD mutual fund的TFSA了

wsqlya : 2014-01-20#51
回复: 也来谈谈基金投资吧

已经开了开了TD mutual fund的TFSA了,买的就是TD自己的 comfort balanced growth portfolio 收益还可以。

明天去开你在另外一个帖子里面告诉我可以买别的公司基金那种discount brokage账户,我会问清楚是否收费,如果买no load基金收费,我到时候再决定是否开这个账户。谢谢。

你们都买了多少年的基金了阿?总体上来说基金还算稳健么?

wsqlya : 2014-01-20#52
回复: 也来谈谈基金投资吧

我买了加拿大基金时间不算短了。我的风险承受能力就是low to medium,我从不碰那些aggressive的东西,一般就是在balanced fund中买。还算稳健,so far so good
听你这么说安心点了 我也做股票的 所以其他的投资就想稳健的 基金买卖我只试过一次,国内07的时候 封闭式基金1元/单位 最高也涨到了60%。 朋友去年买定投却小亏,不太懂 这边我本来想买GIC的 但利率也太磕碜了
rbc我的模拟理财帐户买了你说的那只591 目前交易里还未显示详细信息
我老公的模拟理财帐户买了美金的 monthly income fund还在跌

soleil_lee-太阳李 : 2014-01-20#53
回复: 也来谈谈基金投资吧

aggressive的都是股票。balanced多少有点债券,只是比例多少的区别

梦溪 : 2014-01-21#54
回复: 也来谈谈基金投资吧

你问过discount brokage的 non-register 要年费吗? 我只知道TFSA无年费 不过看来你已经开了TD mutual fund的TFSA了

开完了TDwaterhouse的discount brokage, 他们自己称这个账户是TD Direct Investing 情况是:

non-register 普通账户不要年费,可以买卖各个公司的基金,noload基金买卖都是净值没有其他费用。

也可以买卖各国股票等,收交易费。

TFSA无年费。但是RESP,如果RESP开成这个账户,收年费50元。

收费及其他情况,见
http://www.tdwaterhouse.ca/products-services/investing/td-direct-investing/index.jsp

taxpayer : 2014-01-21#55
回复: 也来谈谈基金投资吧

开完了TDwaterhouse的discount brokage, 他们自己称这个账户是TD Direct Investing 情况是:

non-register 普通账户不要年费,可以买卖各个公司的基金,noload基金买卖都是净值没有其他费用。

也可以买卖各国股票等,收交易费。

TFSA无年费。但是RESP,如果RESP开成这个账户,收年费50元。

收费及其他情况,见
http://www.tdwaterhouse.ca/products-services/investing/td-direct-investing/index.jsp

很好的信息。我也要去看一个 non register的 discount brokage了
现在TD waterhouse是一部分改成TD direct investing了 原因据他们内部人员说是因为很多人搞不懂 waterhouse是干嘛的

taxpayer : 2014-01-21#56
回复: 也来谈谈基金投资吧

RBC Canadian Equity Income怎么样?关注这个基金一年多了,准备买入,各位觉得如何?

今天趁TSX跌,买了点这个鸡鸡

soleil_lee-太阳李 : 2014-01-21#57
回复: 也来谈谈基金投资吧

6月份还可以继续买阿,现在买了4月份赚钱了可以赎回

soleil_lee-太阳李 : 2014-01-21#58
回复: 也来谈谈基金投资吧

连创新高,一直没法下手。但是今天还是买了些。刚才看了一下,今天的价格和昨天的收盘价一样,大盘跌38点,我买的基金没跌,还是昨天的价。

说明你买的基金不错,抗跌

soleil_lee-太阳李 : 2014-01-21#59
回复: 也来谈谈基金投资吧

我老了,投资取向较保守。十年前我猛,sohu在美国上市之后,我买入40多块美元,跌到22美元清仓,一笔交易亏了一辆丰田车。。。那时候猛,现在真的输不起了。
嗯,主要还是收益要稳定,长期的稳定收益就像龟兔赛跑,争取笑到最后啊。:wdb9:

我的希望 : 2014-01-22#60
回复: 也来谈谈基金投资吧

想问下,我已经有TFSA账户,可以用买mutual fund吗?需要什么手续吗?

Elephant : 2014-02-02#61
回复: 也来谈谈基金投资吧

个人观点,买SPY和IWM就很好.指数型基金.但专业人士就赚不到佣金了.
http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices
从这里查SPY的历史价格来比较其他基金,因为每年有四次分红,所以要用Adj Close这栏的价格才是分红前的价格.

http://finance.yahoo.com/q/hp?s=IWM+Historical+Prices
IWM是由2000家公司组成的基金,也是很好的.

2009年12月31日价格 2010年 2011年 2012年 2013年
SPY $102.65 $118.11 $120.35 $139.59 $184.69
IWM $58.75 $74.57 $71.27 $83.17 $115.36
过去四年,SPY是79.92%,IWM是96.36%,可能有人会问,你为什么取过去四年不是五年六年七年,其实随便你取几年,你自己去计算,然后跟你 想买的基金比较同样的时间段就可以了,比如说2011年,SPY基本没赚什么IWM还亏了,那你那支基金怎么样?去年他们赚得可不少,那么你的基金有没有 赚这么多?

iamshanzhai : 2014-02-02#62
回复: 也来谈谈基金投资吧

个人观点,买SPY和IWM就很好.指数型基金.但专业人士就赚不到佣金了.
http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices
从这里查SPY的历史价格来比较其他基金,因为每年有四次分红,所以要用Adj Close这栏的价格才是分红前的价格.

http://finance.yahoo.com/q/hp?s=IWM+Historical+Prices
IWM是由2000家公司组成的基金,也是很好的.

2009年12月31日价格 2010年 2011年 2012年 2013年
SPY $102.65 $118.11 $120.35 $139.59 $184.69
IWM $58.75 $74.57 $71.27 $83.17 $115.36
过去四年,SPY是79.92%,IWM是96.36%,可能有人会问,你为什么取过去四年不是五年六年七年,其实随便你取几年,你自己去计算,然后跟你 想买的基金比较同样的时间段就可以了,比如说2011年,SPY基本没赚什么IWM还亏了,那你那支基金怎么样?去年他们赚得可不少,那么你的基金有没有 赚这么多?

你是刚从美国过来吗?你的思路不像base在加拿大很长时间的人的思路。你的推荐都不错,加拿大本地的机会没有美国那么多,而且现在加币贬值,直接投资美国的etf越来越贵,一般我现在看的都是ishare,vanguard的加币投资美国的etf.

我的梦想我的路 : 2014-02-02#63
回复: 也来谈谈基金投资吧

Mark

Elephant : 2014-02-02#64
回复: 也来谈谈基金投资吧

你是刚从美国过来吗?你的思路不像base在加拿大很长时间的人的思路。你的推荐都不错,加拿大本地的机会没有美国那么多,而且现在加币贬值,直接投资美国的etf越来越贵,一般我现在看的都是ishare,vanguard的加币投资美国的etf.
我就一直呆在加拿大,美国想去没本事能去.

市场越大,成本越低,加拿大市场跟美国比较,太小了.

汇率不要去考虑,因为你根本不知道未来哪天你才把这笔钱转出来使用,就连你自己的钱什么时候才需要取都不知道,那还谈汇率有啥意义呢,对不.

iamshanzhai : 2014-02-02#65
回复: 也来谈谈基金投资吧

我就一直呆在加拿大,美国想去没本事能去.

市场越大,成本越低,加拿大市场跟美国比较,太小了.

汇率不要去考虑,因为你根本不知道未来哪天你才把这笔钱转出来使用,就连你自己的钱什么时候才需要取都不知道,那还谈汇率有啥意义呢,对不.

哦好吧。。。不过的确这两年我觉得进美国市场的钱是都不用出来的,比加拿大会好。

winnie_li1 : 2014-02-08#66
回复: 也来谈谈基金投资吧

请问这边有用美元购买的基金吗?

jasminexihe : 2014-02-16#67
回复: 也来谈谈基金投资吧

请问, HSBC 的mutual fund 怎么样啊
比如说 US dollar monthly income fund 之类的

5168898 : 2014-03-06#68
回复: 也来谈谈基金投资吧

一般人购买基金,可能首先想到的是这里的五大银行,比如TD, BMO, RBC,找这里的开户经理给你推荐或者什么。 这里可以很付责任的和大家说,对于超过70%的银行开户经理来说,他们对于基金的了解和怎么投资并不十分清楚。他们的选择基本就是银行其他经理告诉他们卖一些什么,或者直接和你说什么是低风险,什么是中风险,什么是高风险。 历史回报率多少。。。。 第一,他们可能没有真正的投资信息去指导你怎么做。 第二,他们也不能拿自己的意见和你说。 之前看到有人说的比喻还蛮恰当,去一家银行做基金投资,除非是小额的,不然你等于是去一家上海菜馆吃川菜,味道总是怪怪的。。。。

加拿大这里有一个网站是一个很好可以给你自己做功课的地方,就是global andmail 的投资信息页
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/

这里告诉你最近一个月,三个月,一年回报最高的基金种类是什么(比如说,过去一年,专注做金融业的基金回报很高,高过了30%),你还可以看到最近一年,具体哪几只基金回报率最高top gainer, 和哪几只基金回报最差top loser. 比如最近一年,做metal金属的,亏损可以高达40%。 当你的投资资本少了40%的时候,再想回来会很难。

你还可以根据自己具体的选择,筛选出一系列基金作为参考,比如你想买管理费小于2%的,管理运作资产大于1个亿的,激进类型的,评级高于3星的。 只要你输入这些相关的条件,就会产生出一系列符合你条件的基金。
mark

钟爱投资J : 2014-03-17#69
回复: 也来谈谈基金投资吧

当然可以了,一般五大银行都可以直接购买mutualfunds在注册TFSA账户里

想问下,我已经有TFSA账户,可以用买mutual fund吗?需要什么手续吗?

钟爱投资J : 2014-03-17#69
回复: 也来谈谈基金投资吧

IWM

罗素2000指数的ETF,是很多small-cap基金的benchmark, 长期来说,回报一般高于large-cap

个人观点,买SPY和IWM就很好.指数型基金.但专业人士就赚不到佣金了.
http://finance.yahoo.com/q/hp?s=SPY+Historical+Prices
从这里查SPY的历史价格来比较其他基金,因为每年有四次分红,所以要用Adj Close这栏的价格才是分红前的价格.

http://finance.yahoo.com/q/hp?s=IWM+Historical+Prices
IWM是由2000家公司组成的基金,也是很好的.

2009年12月31日价格 2010年 2011年 2012年 2013年
SPY $102.65 $118.11 $120.35 $139.59 $184.69
IWM $58.75 $74.57 $71.27 $83.17 $115.36
过去四年,SPY是79.92%,IWM是96.36%,可能有人会问,你为什么取过去四年不是五年六年七年,其实随便你取几年,你自己去计算,然后跟你 想买的基金比较同样的时间段就可以了,比如说2011年,SPY基本没赚什么IWM还亏了,那你那支基金怎么样?去年他们赚得可不少,那么你的基金有没有 赚这么多?

coco_s : 2014-03-29#69
楼主,讲讲用美元买的ETF吧?

dface : 2014-03-29#70
mark

心乱如麻 : 2014-04-23#71
楼主继续啊。对CIBC的基金感兴趣。

蜡烛 : 2014-04-24#72
谢谢楼主,辛苦了,学习中

wwxh168 : 2014-05-17#73
回复: 也来谈谈基金投资吧



你是刚从美国过来吗?你的思路不像base在加拿大很长时间的人的思路。你的推荐都不错,加拿大本地的机会没有美国那么多,而且现在加币贬值,直接投资美国的etf越来越贵,一般我现在看的都是ishare,vanguard的加币投资美国的etf.
在加拿大可以用加币投资美国的ishare,vanguard?如何开户和购买?五大银行都可以?价格涨了,没有交易要交税不?费用怎么算的?有实际的例子没

salmon : 2014-05-17#74
回复: 也来谈谈基金投资吧



连创新高,一直没法下手。但是今天还是买了些。刚才看了一下,今天的价格和昨天的收盘价一样,大盘跌38点,我买的基金没跌,还是昨天的价。
哪里可以看基金的表现?怎么知道连创新高?

胡同巷 : 2014-06-14#75
MARK

Chinada : 2014-06-14#76
在加拿大可以用加币投资美国的ishare,vanguard?如何开户和购买?五大银行都可以?价格涨了,没有交易要交税不?费用怎么算的?有实际的例子没

现在加拿大上市的ETF管理费已经大幅下调,一般没有必要买美国的ETF。外汇交易手续费太坑爹了。

repluie : 2014-08-11#77
哪里可以看基金的表现?怎么知道连创新高?
同问。
另外有无过来人买过ING的基金?多谢

钟爱投资J : 2014-10-15#78
很久没来 看大家问这么多关于各个银行基金的问题,什么BMO的好吗,TD的怎么样, 买基金买的是资产分配,而不是哪个银行的基金。

喀喇喇嘛 : 2014-10-31#79
很多朋友都说投资了某支基金收益如何不错,可过去几年大部分基金收益都很好,这个能用来做参考指导下一阶段选择基金么?好像现如今已不似前些年的光景了吧,比如原来债券型基金又稳又好,现在看来应该收益会下降了吧,希望楼主和各位朋友们谈谈现时QE结束、大宗商品狂跌、除美国外其它地区经济乏力的情况,有哪些投资方向的基金可能会更稳健或更有成长机会?l

neverused : 2015-02-14#80
楼主不来了?期待更多信息发布

mtl111 : 2015-02-15#81
请问现在可以买些石油ETF吗?有什么推荐吗?谢谢!

joesir : 2015-02-17#82

shanshan904998999 : 2015-10-22#83
非常感谢!

天涯 : 2015-10-22#84
The Great Wall of worry
Despite a series of attempts to stem market losses by China’s central bank, the Shanghai Composite Index remains 35% below its June peak. Best efforts including direct share buy backs, short selling bans, forced corporate share repurchases and IPO halts all but failed to stem the tide of selling. North American markets responded with a -10% sell-off in the US and -8% on the TSX in the last week of August. European markets fared worse falling -13% over the same time frame. Since the market rout, Chinese markets have rallied approximately 15%.

Does China represent significant risk to markets on a go forward basis? Given their size, it is more than likely that any slowdown they endure will be felt around the world. They are one of the largest users of commodities and now represent approximately 15% of global GDP. In terms of direct exposure, Canada and US markets are relatively limited. S&P 500 revenues from China represent approximately 3% of the total, with Canada at only slightly more. Europe has the most risk to a Chinese led slowdown. Within the Union, Germany generates approximately 10% of their revenues from China, followed by the Netherlands at 8.8%, Switzerland at 7.5% and England at 6.4%. Seen from a broader perspective, the STOXX 600 (Europe’s S&P 500 equivalent) has a total of 6% coming from China, so approximately double the US. While direct exposure is relatively limited in North America, the lesser known “knock-on” effects is what investors fear most.

The crux of the problem is slowing growth. China is currently in transition from decades of high growth to lower and slower growth, an environment coined the “new normal”. And we are already seeing signs of this “new normal” in slowing fixed asset investment, industrial production, manufacturing, real estate activity and retail sales. Seen from a Canadian perspective, Chinese companies are demanding fewer commodities and this will continue to be a headwind. While growth slows, the Chinese Central Bank has pledged support in the way of fixed asset investment and increased liquidity efforts through rate reductions for loans, deposits and required bank reserves. This could increase demand for credit within the country and help ease the slowing economy as it transitions into a new state.

Seen from an investment perspective, the outlook remains uncertain. The indicators we follow suggest a hard landing in China can be avoided. If so, current fears in the market are overblown. Still, we are cognizant that global growth is slowing and risk assets, such as equities remain vulnerable to slowing growth. As always, taking a diversified approach to portfolios can minimize the impacts of unwanted volatility and offers the best approach to longer-term investment strategies. In terms of our positioning, market prices seem fair, yet downside risks are increasing. As such, we are currently neutral (relative to our benchmark) across the Active Balanced portfolios on both an asset class and regional basis and closely watch indicators for a possible deterioration in the fundamental backdrop.

newlifestartnow : 2015-10-23#85
回复: 也来谈谈基金投资吧

在加拿大就有上千种的基金可以选择, 怎么选择,和谁买? 我们分点慢慢来讨论

1. 请记住,如果你拿一笔钱,准备投资3-5年,请不要走进一家银行,说给我介绍所谓”最好“, ”回报率最高“的基金。 如果你的经理直接拿出几个基金,告诉你怎么怎么好,历史回报怎么怎么高。那么这个经理是不称职的。 请记住, 没有什么所谓”最好“的基金,只有在一定时期内,资产分配相对合适的基金, 至于这个基金是不是适合你,除了资产的合理分配意外。 还要看你自己的风险承受力和对市场的预期。


这个经理和那个经理是不同的。 你能见的不是你想见的“基金”经理。 估计他也不再本地。

天涯 : 2015-11-09#86
Equity markets delivered strong performance over the month retracing most of the losses that occurred in the last two months of the third quarter. S&P 500 generated an 8.4% gain over the month of October and on a year-to-date (YTD) basis is up 2.7%. The MSCI EAFE was up 7.1% for the month, and 2.1% YTD. Our least favoured market remains the TSX, which over the month delivered a 2.0% return. This was despite both oil and gold delivering 3.2% and 2.4% respectively. Much of the negative relative performance on the TSX was driven by Valeant Pharmaceuticals (ticker: VRX) which subtracted 205 points of performance from the TSX.

Fundaments for Q3 US earnings are proving to be soft thus far. Sales growth, arguably the best read on demand, has been weak with companies on average missing analyst estimates. The most significant surprises occurred on the revenue side in the materials and utilities sectors at -4% and -3% respectively. However, we have seen some positive surprises in energy and health care at 2% and 1% respectively. In terms of EPS results, all sectors are surprising to the upside, with the exception of financial companies. Financials missed analyst estimates on average by approximately -1%. On a year-over-year (y/y) basis both revenues and earnings remain in negative territory however. Topline (revenue) growth has fallen by -5% y/y and EPS growth has fallen by -4% y/y. Worth noting, once the negative effects of energy are removed (approximately 7% of S&P 500 market cap), EPS growth remains in positive territory, but revenues remain negative. While growth falters, we note many corporate balance sheets remain healthy. Apple (ticker: AAPL) for example, has $205 billion in cash, enough to buy every professional sports team in existence. And with corporate war chests healthy, and rates low, companies have the ability to continue buying back shares to support EPS growth.

While growth fundamentals represent a headwind for stocks, seasonal trading patterns (based on 20 years of data) offer a more positive backdrop from a performance perspective. A phenomenon known as the Santa Claus rally is based on recurrent patterns of strong equity performance in the final quarter of the year. The TSX for example has averaged a 4% return over the 4th quarter, with at least half of those gains coming in December alone. S&P 500 returns tend to fare better on average by 1% over the same time frame. While seasonality offers some encouragement, there is never a guarantee that history will repeat itself. In fact, if we look at those years where total returns in October were greater than 7%, we observe markets tend to lose steam into year-end.

While the tug-of-war between bull and bear forces ensues, EAMG remains cognizant that fundamentals are trending negatively. This trend is set to potentially continue into the 4th quarter based on analysts revising down earnings forecasts. Added to this, markets across both developed and developing regions remain expensive, which warrants caution when allocating to equities. Based on our fundamental view and the current price environment, we remain cautious on North American equity allocations. As such, we have taken an underweight equity position in the Active Balanced portfolios, offset by an increase in bonds.

suojin : 2015-12-12#87
有没有用美元买的货币基金?

天涯 : 2015-12-14#88
North American markets were relatively quiet over the month of November as investors continue digest potential impacts of a US interest rate hike on stocks. The S&P 500 and the TSX delivered 0.3% and -0.2% respectively over the month. Stronger returns were seen overseas in both Europe and Japan as investors sought out QE (quantitative easing) fueled returns, much like they have in the US over the past seven years. The STOXX 600 and the Nikkei 225 returned 2.9% and 3.5% over the month. The big disappointment was emerging markets which fell far behind major averages, losing -3.9%.

As usual, there remains a high level of uncertainty surrounding market direction as we close out the year and get set to begin 2016. The fundamental evidence, however, continues to point to downside risks from elevated levels. Despite the elevated risk backdrop, in a world of low yields further upside in equities should not entirely be ruled out, but should be approached cautiously. Fundamental market indicators can help assess market direction over a slightly longer time frame. One such indicator, one we closely follow, is the Manufacturing ISM PMI index.

The ISM PMI index (often referred to simply as the ISM) is an index comprised of 300 purchasing managers’ opinions on the state of the manufacturing sector. These opinions are invaluable as they can give early indications of the broader US economy and, therefore, often act as a canary in the coal mine for revenue growth of major indexes. Readings above 50 are considered expansionary; readings below 50, conversely, can point to a contractionary economic backdrop.

Over the past several months, the ISM index has been flashing warning signals. And, in fact, the latest data release on the ISM registered a contractionary reading of 48.6 (the first sub-50 ISM reading since 2012). While markets largely ignored the data (which they often do in the immediate term) we believe the latest ISM data confirms potential downside risks ahead for revenue growth in the US. The ISM has been signaling weakness since the start of year and, as the year has progressed corporate financial results in aggregate have followed. We expect continued weakness in revenue growth for the S&P 500 over the next several quarters, with potential resumption of growth in the first half of 2016. This positive growth is against weak comparables after the severe winter last year and is unlikely to be sustained.

In terms of positioning the Active Balanced Portfolios, we carried an overall underweight position in equities across all three funds (Active Balanced Income Portfolio, Active Balanced Portfolio and Active Balanced Growth Portfolio) as of the end of the month. Within the equity portfolio, we had an underweight in the US and market neutral weights in Europe and Canada. Offsetting this underweight in equities was an overweight in bonds.

天涯 : 2015-12-14#89
The Prisoner's Dilemma

Kevin Headland
Director, Capital Markets & Strategy

The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely "rational" individuals might not cooperate, even if it appears that it is in their best interests to do so.

Two members of a criminal gang are arrested and imprisoned. Each prisoner is in solitary confinement with no means of communicating with the other. The prosecutors lack sufficient evidence to convict the pair on the principal charge. They hope to get both sentenced to a year in prison on a lesser charge.

Simultaneously, the prosecutors offer each prisoner a bargain. Each prisoner is given the opportunity either to: betray the other by testifying that the other committed the crime, or to cooperate with the other by remaining silent. The offer is:
  • If A and B each betray the other, each of them serves 2 years in prison
  • If A betrays B but B remains silent, A will be set free and B will serve 3 years in prison (and vice versa)
  • If A and B both remain silent, both of them will only serve 1 year in prison (on the lesser charge)

It is implied that the prisoners will have no opportunity to reward or punish their partner other than the prison sentences they get, and that their decision will not affect their reputation in the future. Because betraying a partner offers a greater reward than cooperating with him, all purely rational self-interested prisoners would betray the other, and so the only possible outcome for two purely rational prisoners is for them to betray each other. The interesting part of this result is that pursuing individual reward logically leads both of the prisoners to betray, when they would get a better reward if they both kept silent. They also cannot trust that the other will not betray so they do not want to remain silent.

The prisoner’s dilemma is one way to help explain the oil production issue both internally in OPEC (the Organization of the Petroleum Exporting Countries) and between OPEC and the other producers, such as shale. If Saudi Arabia cuts production but nobody else does, they would suffer a net loss. Oil prices would go up on a per barrel basis but they would be producing less than they did before, while all other producers would be getting more per barrel and producing the same amount as they had been. However, if all producers cut by some agreed upon level, perhaps based on current market share, all would benefit on an equal basis as prices would increase but market share split would remain the same.

Three decades ago, the spike in prices caused by the 1973 Arab oil embargo and Iran's 1979 revolution sapped global oil demand, while the discovery of oil offshore in the North Sea spurred a new influx of non-OPEC crude.

With world markets awash in oil, Saudi Arabia embarked on a strategy of defending prices, which at the time were largely set by exporters rather than the futures market, like it is today. The kingdom slashed its own output from more than 10 million barrels per day in 1980 to less than 2.5 million bpd in 1985-86.

Other producers failed to follow suit, however, both within the Organization of the Petroleum Exporting Countries and among new petroleum powers such as Britain and Norway. Prices fell into a years-long slump, leading to 16 years of Saudi budget deficits that left the country deeply in debt.

During the 1980s, Riyadh learned the hard way that it could not count on fellow OPEC producers, many of whom continued to pump at higher rates than their agreed-upon quotas, leaving Saudi Arabia to bear the brunt of output cuts.

It was not until late 1985 that the issue came to a head. Finally, in 1985, Riyadh shifted gears, revving up output and cutting prices in a move that triggered a final slump in markets, driving prices down to $10 a barrel but reestablishing themselves in the market. It took 16 years for prices to fully recover.


Source: http://www.oilsandsmagazine.com/why-its-looking-a-lot-like-1986-in-the-oil-markets/ September 16, 2015

In the 1980s, it was a drop in U.S. and European consumption coupled with the rise of the North Sea; now it is fears of easing demand from Asia and the unexpected growth of U.S. shale oil.

The discussion around production cuts is much more difficult this time around as well, as there are so many more players. The U.S. and Saudi Arabia are the largest producers from a market share perspective, at about 13% each, but there are 22 other countries with at least a 1% share, with Russia being the next largest at 12.2%.


Source: Bloomberg, December 31, 2014

Saudi Arabia is likely the best positioned to withstand lower oil prices the longest as they have nearly $650 billion in foreign reserves. The International Monetary Fund believes that it will take five years to deplete those reserves at current government policy and oil price levels. It is unlikely that any other country or company can withstand the price pressure as long.

The oil price direction comes down mostly to supply/demand fundamentals and there is currently two million barrels per day of excess supply but had been as much as 4 million bbl/day only six months ago. There was a short term surge in demand, as we had record miles driven in the U.S.


Source: Bloomberg, October 31, 2015

At current levels, oil producers would only need to cut production by two percent in order to create supply/demand equilibrium on a daily basis, should demand remain constant. Even after equilibrium is created, there is still the issue of the 500 million barrels of inventory that has built up, an increase of 35% over the last year. To reduce that inventory, you need an additional five percent cut in production across the board, equal to a seven percent total cut in production. This seems like the logical choice (i.e. choice C in the prisoner’s dilemma), where everyone involved would benefit.

Saudi Arabia has recently announced that they would be open to cutting production should there be agreement among other global producers, both OPEC and non-OPEC. Within OPEC, the major issue is the long-standing geo-political issues between various members. For non-OPEC, this would entail getting buy-in from both Russia and the United States. Two major problems exist for this agreement to occur. First Russia has no desire to agree to any cuts in production and secondly the United States oil production comes from independent corporations rather than state-owned enterprises. These companies are often public, have shareholders to please and believe in a free market economy. Furthermore, once an oil company has invested huge sums of money in building an operating platform and the oil is flowing, the supply from that operation is not sensitive to fluctuations in the price: you don’t turn the tap off just because the oil price falls. The U.S. oil market is comprised of many companies with different needs and desires. There is no “Mr. Shale” that can be summoned to the negotiation table. Even if you could get somehow get a unanimous agreement to cut production, you would still be facing the prisoner’s dilemma.

Although, the industry is unlikely to agree to a widespread production cut, it may not be needed. While a cut to production would result in an immediate jump in oil prices, we are likely to see a slowdown in production throughout 2016, leading to a gradual increase in price. In the United States, total rig count has declined 62% over the last year, from 1920 to 737, and oil-only rig count has declined 65%.

Craig Bethune, portfolio manager comments, “Near term I would expect oil prices to remain subdued due to elevated storage levels and continued strong production from OPEC, however the current price near $40 is exerting considerable pressure on industry funding and on the finances of the OPEC producers. This will lead to higher industry production declines due to significant cuts to investment, and we expect non-OPEC production growth to go negative in 2016. Demand remains quite robust with the low oil prices today, with 2015 having the second highest demand growth in a decade despite modest economic growth globally. Further demand growth is expected in 2016, especially with the low crude and gasoline prices globally.”

The prisoner’s dilemma is a simple way to look at the issue of oversupply but in reality, it is much more complicated. Given the unlikely change in supply/demand fundamentals in the near term, we can expect to see oil prices remain range bound. It will be key to keep a focus on data over the next number of months for signs of a change in production, specifically downward, which could lead to an attractive entry point into energy companies.


Key Statistics (week-over-week)
Ending December 4, 2015
Weekly Change
YTD
MSCI World Index (USD)
-0.3%
-0.9%
S&P 500 Index (USD)
0.1%
1.6%
S&P/TSX Composite Index
-0.1%
-8.7%
MSCI Europe Index (EUR)
-3.6%
7.0%
MSCI Emerging Market Index (USD)
-1.7%
-15.1%
Hang Seng (HKD)
0.8%
-5.8%
Topix Index (JPY)
-1.3%
11.8%



Current Week
Last Week
CAD/USD
$0.7484
$0.7479
EUR/USD
$1.0881
$1.0593
USD/JPY
¥123.11
¥122.80
10-Year US Treasury Yield
2.27%
2.22%
10-Year GoC Yield
1.58%
1.57%
Gold USD/oz.
$1,086.84
$1,057.41
Oil USD/bbl.
$39.97
$41.71



Source: Bloomberg

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hsu : 2015-12-16#90
請問有人了解RBC Select Very Conservative Portfolio-SeriesA這投資內容嗎?長期持有適合嗎?

Elephant : 2016-03-01#91
因为上一页的帖子被点了赞,系统消息又看见了,早都忘记两年前说啥了,当年不舍得换美元买美国ETF的,现在汇率就更没法比了。

别5大行了,投资交易还是去IB吧,现在有rrsp和tfsa业务了,还是美国市场大。

美国投资签证 : 2016-03-01#92
同意楼上,美国市场更大。

cg2006 : 2018-01-14#95
mark

Mark0721 : 2019-12-03#96
全是不懂放屁

shanshan904998999 : 2019-12-04#97
因为上一页的帖子被点了赞,系统消息又看见了,早都忘记两年前说啥了,当年不舍得换美元买美国ETF的,现在汇率就更没法比了。

别5大行了,投资交易还是去IB吧,现在有rrsp和tfsa业务了,还是美国市场大。
你2016年投资也来得及