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Thread: Td Canada Trust financial advisor

  1. #21
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    Learn the numbers, learn to sell.

    Hustle erryday.

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    A few years back the in-person TD advisor was not able to access the e-series products. I needed to open an Webbroker brokerage account to and take care of it myself. MER's are a fraction of anything the in-person could (would) access.

    I also strongly recommend the Canadian Couch Potato podcast series, invest the time to listen to the series from start to finish, every episode.
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    I haven't read any previous responses, I just wanted to quickly come in here to tell you to choose someone else. I've been with TD for 15 years and ask myself why every year. I would never let them manage any money of mine. When I went to them for a mortgage on a commercial property, they told me they would only do it if I moved my investment portfolio to TD. Obviously I went somewhere else for the mortgage.

    Once a year I email all of my contacts at TD and ask them why they suck, it's not planned, it just happens to be once a year they do something that drives me to reach out to everyone and question what they do and how they do it.

    I know, I should look elsewhere and stop complaining.

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    Banks are for banking.

    Banks are not for investing.

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    TD self-directed is good.

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    Does anyone have a financial advisor that recommends getting out of stock market ahead of a predicted selloff?

    https://financialpost.com/executive/...-out-this-year

    I asked mine a year ago if he had a strategy for the upcoming downturn. He just said he likes the funds we are in and to ride it out. This seems like a lazy attitude for a money manager.

    Meanwhile my portfolio is down 20% since I asked him about downturn strategy.

    Is this typical? Are there any advisors out there that are more active when it comes to moving funds around based on global variables?
    My Karma ran over your Dogma

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    History has proven time and time again trying to time the market is a fools game.
    Your strategy should allow some allotment of cash for when deals do happen, but in general slow and steady wins the race.

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    I'll bet the odds of him recommending selling goes waaay up after you have some losses for a couple quarters.

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    Quote Originally Posted by vengie View Post
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    History has proven time and time again trying to time the market is a fools game.
    Your strategy should allow some allotment of cash for when deals do happen, but in general slow and steady wins the race.
    Wasn't suggesting to sell everything and exit the market, more along the lines of shift portfolio from economy booming profile to a recession protected profile.
    My Karma ran over your Dogma

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    Your financial advisor is not a "money manager" that actively looks at economic trends and adjusts your personal investments themselves. Not at TD or other banks. That's not thier role.

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    Quote Originally Posted by ExtraSlow View Post
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    Your financial advisor is not a "money manager" that actively looks at economic trends and adjusts your personal investments themselves. Not at TD or other banks. That's not thier role.
    What do you call the type of professional that will do that, and where are you they found?
    My Karma ran over your Dogma

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    You mean people that can predict the future?

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    Quote Originally Posted by cidley69 View Post
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    What do you call the type of professional that will do that, and where are you they found?
    HNW branches of big banks (e.g., Wood Gundy) or other HNW firms (e.g., Richardson GMP) claim to do this. No one has a crystal ball though.

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    Pretty much every economist in the world forecast a market pull back, doesn't seem like financial advisor would need to be nastrodomus to realize a portfolio restructure would hedge against a global slow down.
    My Karma ran over your Dogma

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    They aren't authorized to go off script. They are given a playbook from head office once per quarter and that's about it.

    The benefits of active vs passive management's are worth debating, but your bank branch guy can't do shit.

    Have you considered a self managed portfolio? Then you can do all the tinkering you want.

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    Quote Originally Posted by cidley69 View Post
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    Pretty much every economist in the world forecast a market pull back, doesn't seem like financial advisor would need to be nastrodomus to realize a portfolio restructure would hedge against a global slow down.
    Financial Advisors just peddle whatever products give them the best kickback. Private Wealth/HNW portfolio managers do what you're looking for. Their effectiveness is debatable, but they do exactly what you're asking for (build a portfolio that suits your risk profile, and adapt to market changes).

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    What's the threshold requirement for those guys these days? I asked once, didn't qualify, then never thought about it again.

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    Depends on the shop.

    People probably start answering the phone with 1MM liquid investable assets at the lower end. Lots of places where that number is 10-25 though.
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    Depends on the shop.

    People probably start answering the phone with 1MM liquid investable assets at the lower end. Lots of places where that number is 10-25 though.
    Yeah, I think the 1-2MM liquid threshold is pretty typical.

  20. #40
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    Mawer was $400K last time I asked.

    But here's the thing:

    Sell now.

    So where's the bottom?

    You don't have to know one thing. You have to know two things.

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