The Power Of Balancing – Why It Works

Stocks are at an all time high. Yet pessimism is also at an all time high. “Shouldn’t I wait for the market to crash before buying?” That’s a very popular question that I get asked all the time. So what if the market doesn’t crash for another 3 years and the market goes up another…

Using Your RRSP Correctly

It’s that time of the season again where we have to start thinking about our tax returns. With that comes the decision of whether or not to contribute to our RRSPs in order to give ourselves a tax “refund”. I’ve written before about RRSPs and explained 5 other ways an RRSP can benefit yourself, but many…

Stop-Loss Orders Don’t Stop Losses

I always find it amusing when individuals tell me about stocks they buy and then tell me they put a stop-loss order on their stocks so that they don’t lose too much money. Shouldn’t individuals be thinking positive about their investments rather than worrying about how much money they might lose? With the recent drops in…

How To Negotiate When Buying A Car

Buying a car is probably the second biggest purchase a person will ever make next to buying a house.  Over the years, surprisingly, owning and operating many cars may actually cost more than owning a house.  One of the biggest mistakes that individuals make when purchasing is a car is that it becomes completely emotional.  Car…

5 Ways To Use Your RRSP Other Than Retirement

Many Canadians know what RRSPs are because they’ve been around for a very long time.  Most Canadians use the RRSP wrongly because they think they get a tax refund.  Primarily the RRSP is used for retirement savings because quite simply the word “Retirement” is one of the words in the acronym RRSP.  Despite the naming…

No Risk Investing

I’ll agree.  People don’t like risk.  The thought of losing a dollar is intolerable.  Even more importantly, your mom told you to never play with stocks.  Though you never listened to her when she told you not to go out with that chain smoking douchebag.  What the heck!  Mom’s right. Buy some GICs in my…

Holding On

On your first dance, you hold your new wife and say “I’ll never let you go.”  When your first born arrives you cradle the baby and say “I’ll love you forever.”  When you win your first award, you tell the crowd that “I’ll cherish this moment for as long as I shall live”.  When you…