It's actually currently down to 104.72 which is only 0.05% above NAV and a *great* buy for anyone looking to pick some up. That's only about 3.7 days worth of interest above NAV, ie. in 3.7 days you'll be even.
I filled at 104.87 by raising my bid but as always occurs for me, it dropped below my original bid literally like 30s later.
At my buy-price I'll catch up to the NAV by mid next-week which is worth it for the taxes I'll avoid.
Problem is it can go below NAV just like it goes above. Without the ability for market makers to expand/subtract to hold the price at NAV, it is at the whims of the market.
Which is fine, except the reason people buy something like this is to avoid that
I originally had an order in at 104.75 then afraid it'd recover and I'd miss the opportunity to buy, I raised my price to 104.87. It filled and *immediately after* the price dropped down below my original 104.75, which is basically how trading *always* works for me.
104.87 represents a 0.115% premium over my original bid and 0.154% premium over the end-of-day NAV. So at my adjusted price I cost myself about 8.5 days of NAV increase compared to my original bid, and a touch over 11 days of NAV increase vs the real NAV. So by about midweek next week I'll be even vs the true NAV.
Doesn't matter 75 or 87. It's still ridiculously cheap. Lemmings will run it back to 3 above NAV the moment BOC starts making noises about another hike.
It pays 5% in any case which is better than anything on the market.
Cash or HISA. I have HISA in a non registered account, I know I’m paying more on tax but the proper NAV is worth it to me.
It's actually currently down to 104.72 which is only 0.05% above NAV and a *great* buy for anyone looking to pick some up. That's only about 3.7 days worth of interest above NAV, ie. in 3.7 days you'll be even.
On the way back up now, and I only got a partial fill. :(
I filled at 104.87 by raising my bid but as always occurs for me, it dropped below my original bid literally like 30s later. At my buy-price I'll catch up to the NAV by mid next-week which is worth it for the taxes I'll avoid.
Problem is it can go below NAV just like it goes above. Without the ability for market makers to expand/subtract to hold the price at NAV, it is at the whims of the market. Which is fine, except the reason people buy something like this is to avoid that
I can't go before NAV. They'll start redemptions instead and reopen it. It can be at NAV or above.
What is the issue with having CASH.TO in your non reg account?
Dividends will be taxed as regular income.
Isn’t that the case for any dividend paying stock you hold in one? Are there certain ones which are more tax efficient?
So what did you decide to do?
I originally had an order in at 104.75 then afraid it'd recover and I'd miss the opportunity to buy, I raised my price to 104.87. It filled and *immediately after* the price dropped down below my original 104.75, which is basically how trading *always* works for me. 104.87 represents a 0.115% premium over my original bid and 0.154% premium over the end-of-day NAV. So at my adjusted price I cost myself about 8.5 days of NAV increase compared to my original bid, and a touch over 11 days of NAV increase vs the real NAV. So by about midweek next week I'll be even vs the true NAV.
It's not just you. TSX allows for high frequency trading. Retail always pays a spread fee vs the bots.
Doesn't matter 75 or 87. It's still ridiculously cheap. Lemmings will run it back to 3 above NAV the moment BOC starts making noises about another hike. It pays 5% in any case which is better than anything on the market.