Mutual Funds And Stocks Are Not The Same

When I talk to people about investing in stocks, the first response that I hear from people is that they are expensive and they don’t want to buy mutual funds. “Mutual funds? When did I even say anything about mutual funds?” It’s all good marketing of course. Like how Kleenex is associated with normal tissue…

Simple Steps To Rebalancing An Investment Portfolio

Just like keeping that good ole’ car running on the road, a good investment portfolio needs tender, love and care.  Despite the buy and hold mantra, a good investment portfolio needs to be rebalanced every so often to achieve the returns that the original portfolio was set up to achieve.  It’s just like tuning up…

Stuck In The Slow Lane

The biggest news to come out today wasn’t the fact that Finance Minister Jim Flaherty resigned from his cabinet position, but it was Bank of Canada Governor Stephen Poloz who broke the news that the Canadian economy was facing serious headwinds.  What does this mean to our investment strategy and savings?  Plenty.  Macroeconomics is an…

Is Your Financial Adviser A Quack?

I’ve had three financial advisers in the short time that I’ve been investing.  Each one was progressively better than the last one, but each one didn’t really accomplish what I had really wanted to do.  Most Canadians probably fall into the same category I did when I first started to look for alternative ways to…

What Did You Do With Your RRSP?

A post-mortem done by the Bank of Montreal looked at the state of what Canadians do with their RRSP contributions and tax refunds after the end of the 2013 contribution deadline.  Here is what people buy with their RRSPs: 49% bought mutual funds 35% bought GICs 18% bought bonds 17% bought stocks 12% bought ETFs…

Digging A Deeper Hole

No doubt most of us struggle to come up with enough cash to buy our RRSPs.  Most Canadians have a huge amount of RRSP contribution room built up from previous years.  The fact is with rising costs, there is little money left over that ordinary Canadians can use to contribute towards retirement planning.  Cars, smartphones,…