I started conserving in the 1970’s. I had developed bonds, GICs, mutual funds and stocks. This were the 1970’s and I at first did better with GICs and bonds. I am now 100% into shares with some cash in MMF and an ING account. This has to do with the times. You are making no money in interest-bearing financial vehicles.

I need cash to live off of as well as for my RRSP accounts so that I have a cushion in order not to have to sell any stock for withdrawal purposes at disadvantaged time. The vast majority of my stocks are dividend paying. I occasionally buy a stock without dividends to make some capital gain, but I really do not consider them long-term buys. For instance I bought RIM in 1999 when it was an easy-rising company. However, this has long been sold and I would not be interested in this company today.

I have been buying some dividend paying small caps. For instance I have Evertz Technologies (TSX-ET), Automodular Corp (TSX-AM), and McCoy Corp (TSX-MCB). You can read about them on my blog. For my latest blog entries on Evertz Technologies of June 2012, click here or here. Of June 2012 For my latest blog entries on Automodular Corp., click here or here.

For my latest entries on my blog on McCoy Corp, June 2012 dated, click here or here. I would probably not again get into shared funds. ETFs and Index funds remain an interesting idea. I have an index fund in my own US Currency Account to absorb my excess cash. However, this index fund is to soak up small amounts, it is not much of an investment.

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I could use a ladder network of bonds to get a much better interest rate for the cash in my RRSP accounts. However, it just appears to me to be a lot of work for very little reward. I really do have an ING take into account extra cash from my Trading account. I have cash in a MMF paying 0.39% for my RRSP accounts compared to ING’s 1.35% for cash involved with my Trading accounts. On my Investment Talk blog I am today writing about The Keg Royalties Income Fund (TSX-KEG.UN, OHC-KRIUF). Today, The stock is being discussed by me price and what experts say about the stock. This blog is meant for educational purposes only and is never to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my website for stocks followed and investment notes. Follow me on StockTwits or Twitter.

Erik Vynckier: It really is a stretch, but you should check the backdrop of the credit experts working the ranking to start with. If the ranking company is cheap, that could be a reason not to use them, because it will be a shallow process. You have to have another look of which rating agency you use, because ESMA’s list is, in my view, filled with unreliable rating agencies. Hayley Rees: I would agree with that. We’ve an in-house rankings team, and their backgrounds are from Fitch, S&P, Moody’s.

If we take an external rating, we are only going to take it from those three homes; we do not use the other agencies. However, in terms of risk, you have to begin by ensuring you actually understand the risk of the assets you are taking on to your reserve. If you don’t, do not do it then.

Conor Sweeney: If you’ve hired credit experts to do homework on the investment, why from an internal perspective do you will need a categorical ranking? Hayley Rees: Since it feeds into our capital model – this is the simple answer. Erik Vynckier: A reasonably large life insurance provider in the united kingdom will have an internal model and alongside that they have an internal rating process, which they can post to the regulator as part of the inner model for authorization. Ian Coulman: We’d outsource it and totally consider the expertise of the managers we have outsourced to.

David Epstein: It depends partially on where your origination team rests; if it’s within your business, then your expertise ‘ll be needed by you. For us, if the origination has been the asset manager, then we would have a lot of expertise there. Then we also need expertise in the business to ensure what we should be getting through the asset manager is appropriate.