Thursday, September 21, 2023

Accounts I Have

I have a number of accounts of:
  • Canadian Trading Account – my main account, and I spend the dividends from here.
  • Tax Free Savings Account (TFSA)– my newest one, and I used it for fooling around money
  • US Trading Account – used to invest internationally in the past, currently on Dow Jones Index fund
  • Registered Retirement Savings Plan RRSP – turned int a Registered Retirement Income Fund (RRIF)
  • Locked-in Retirement Account LRIF – turned into a Locked-In Retirement Fund (LIF).
For my RRIF and LIF accounts, I take out money at the end of the year to pay my taxes and then any remaining money I want, I transfer stock from the account to the Canadian Trading Account.

Also, because I have no health insurance outside OHIP, I have a reserve fund for any emergency money I might need.

On my other blog I wrote yesterday about Great-West Lifeco Inc (TSX-GWO, OTC-GWLIF) ...learn more. Next, I will write about Granite REIT (TSX-GRT.UN, NYSE-GRP.U) ... learn more on Friday, September 22, 2023 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

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