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01-12-2009, 10:38 PM
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#1 | | I answer every Emotion with an emoticon
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| Investment Allocation Opinion
So got a new job and we gotta contribute to the VESP - Vancouver Employees Savings Plan. We get to allocate our money to EGF Fund, Equity Fund, Income Fund, and Savings Fund. Of course you can do 100% all into one or 25% in each or whatever you want. I`m a complete noob when it comes to this stuff and was just wondering if anybody who has knowledge in this would give their opinion on what`s best?
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
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01-13-2009, 08:15 AM
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#2 | | OMGWTFBBQ is a common word I say everyday
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how old are you?
I joined when I was 24, so 100% equity fund
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Originally Posted by Fei-Ji  haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-13-2009, 04:13 PM
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#3 | | I answer every Emotion with an emoticon
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| Quote:
Originally Posted by wouwou how old are you?
I joined when I was 24, so 100% equity fund | I'm 26 turning 27 this year. So as you already know I don't know shiet all about this stuff. Anybody mind sharing their opinion on the pros and cons of each?
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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01-14-2009, 12:51 PM
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#4 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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| Quote:
Originally Posted by winson604 I'm 26 turning 27 this year. So as you already know I don't know shiet all about this stuff. Anybody mind sharing their opinion on the pros and cons of each? | the main difference between the 4 are the risk factor. usually money market funds has very low risk, but also very low return, with equity on the other end of the stick. Risk and return are the pros and cons, it's that simple with RSP.
I went with equity because being 24, even if I lose EVERY THING in the rsp account my loss is limited, and I have time to catch up, while at the mean time the growth potential is the biggest since I am starting early.
Your enrollment package should have detail descriptions on the 4 funds, their composition, annual returns and risk levels. Sit down and think where do you want to be in 2/5/7 years and how much can you afford to lose.
The package should also have a brief risk acceptance test included as well.
IMO the market has tanked so much, equity funds have seem the majority of withdrawals so it is probably a good time to enter right now. The stock market generally has a 7 year cycle of up and downs, so keep that in mind and switch when things get too hot.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-14-2009, 04:37 PM
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#5 | | I answer every Emotion with an emoticon
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| Quote:
Originally Posted by wouwou the main difference between the 4 are the risk factor. usually money market funds has very low risk, but also very low return, with equity on the other end of the stick. Risk and return are the pros and cons, it's that simple with RSP.
I went with equity because being 24, even if I lose EVERY THING in the rsp account my loss is limited, and I have time to catch up, while at the mean time the growth potential is the biggest since I am starting early.
Your enrollment package should have detail descriptions on the 4 funds, their composition, annual returns and risk levels. Sit down and think where do you want to be in 2/5/7 years and how much can you afford to lose.
The package should also have a brief risk acceptance test included as well.
IMO the market has tanked so much, equity funds have seem the majority of withdrawals so it is probably a good time to enter right now. The stock market generally has a 7 year cycle of up and downs, so keep that in mind and switch when things get too hot. | Yea we just got the descriptions today. Thanks for the info dude. I`ll definitely look into it and make a decision from there. Thanks again!
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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01-14-2009, 04:48 PM
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#6 | | Captain Happy Bubble is my Homeboy
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I remember with my company when I first started at 24 i chose investment options that were riskier with higher return, when things started to go south recently, i shifted out and moved it into safer money market funds with lower return but virtually no risk.
Remember that you can/should be able to allocate and change funds as you see fit. when markets are doing better take out of safer options and adjust accordingly and vice versa
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01-14-2009, 05:02 PM
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#7 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by winson604 Yea we just got the descriptions today. Thanks for the info dude. I`ll definitely look into it and make a decision from there. Thanks again! | no problem. you are at a GREAT time to get into equity. The market will recover with a year or two, so buying bi-weekly into equity will get you good bargains
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-14-2009, 11:28 PM
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#8 | | I answer every Emotion with an emoticon
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| Quote:
Originally Posted by wouwou no problem. you are at a GREAT time to get into equity. The market will recover with a year or two, so buying bi-weekly into equity will get you good bargains | Although I don't know shiet it makes sense to me lol. Thanks again!
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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01-15-2009, 10:14 AM
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#9 | | Need to Seek Professional Help
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| Quote:
Originally Posted by winson604 Although I don't know shiet it makes sense to me lol. Thanks again! | Take time to learn about this stuff. Read up on stuff like asset-allocation strategy and get familiar with the sorts of things that matter, like your risk tolerance, investment goals and investment horizon.
Example site: http://www.fool.com/investing/basics/index.aspx
You probably spend some time researching and scoping out deals on your cel phone/plan, shiny new home theater system.
Do yourself a favour. It's your retirement/future slush fund so give it the attention that it deserves.
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01-16-2009, 04:28 PM
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#10 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: Vansterdam
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| Quote:
Originally Posted by Blinky
Do yourself a favour. It's your retirement/future slush fund so give it the attention that it deserves.
| I totally agree. Thanks!
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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01-17-2009, 10:47 AM
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#11 | | Even when im right, revscene.net is still right!
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It's difficult to determine what to invest in based on the name of the fund being invested into. For example, EGF Fund, tells me nothing. For other people to give opinions more info would definitely be needed. Keep in mind that even "Income" funds might have equity components in them. g/l
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01-17-2009, 10:38 PM
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#12 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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^the enrollment package will have a breakdown of all the funds available for a RSP package, their holdings, performances, and risks
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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01-17-2009, 10:50 PM
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#13 | | MiX iT Up!
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Lets say your 65 tomorrow , and you've been giving me money for the last 38 years to make it multiply. and over the years you've given me about 94k and i've made it grow to about 123k. But you come to me tomorrow and you say, Tiger I want my 123K now. and i say Mr.Winson here is 54K ,and ill give you the other bit in couple of years?
deal?
answer that questions honestly and you'll know your risk level. and how much to allocate into each fund.
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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01-18-2009, 12:57 PM
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#14 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
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| Quote:
Originally Posted by tiger_handheld Lets say your 65 tomorrow , and you've been giving me money for the last 38 years to make it multiply. and over the years you've given me about 94k and i've made it grow to about 123k. But you come to me tomorrow and you say, Tiger I want my 123K now. and i say Mr.Winson here is 54K ,and ill give you the other bit in couple of years?
deal?
answer that questions honestly and you'll know your risk level. and how much to allocate into each fund. |
I'd say the guy is a dumb ass for pulling 123k outa his RRSP at once. tax rapped.
I'd also say the guy is fucked either way if he retires off 54k or 123k. you need like 1.5 mill at 65.
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01-18-2009, 08:14 PM
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#15 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
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theres no way in hell you can have 1.5mil at 65 ... unless u make 6fig salary all ur life ...
or a dual income family with 1 pay or most of 1pay going straight to retirement
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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01-18-2009, 10:27 PM
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#16 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
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that's why lots of people will be working past 65 in the future!
there is no way you could retire off 100k.
Last edited by johny; 01-18-2009 at 10:28 PM.
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01-18-2009, 10:49 PM
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#17 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
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| Quote:
Originally Posted by tiger_handheld theres no way in hell you can have 1.5mil at 65 ... unless u make 6fig salary all ur life ...
or a dual income family with 1 pay or most of 1pay going straight to retirement | It is possible. However, given that we are a culture based on consumerism, most of you probably will not have the will power to save that much, believing that you would have a low standard of living if otherwise.
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01-22-2009, 08:59 PM
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#18 | | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
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I have no idea what VESP is, but I just got the 2008 report from my system.
income fund +3.4%
balanced -17%
equity -31%
mine's all in equity.... but that's where it'll stay. it's got another 30+ years to recover. it'll be moved down in risk as I get closer to retiring.
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