How to go about securing the best return for your investment in Canada.
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How much income do I need to qualify for a mortgage in Canada? + MORE Jun 19th
The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers.
The latest monthly affordability report from Ra.... More »
Alberta and Quebec lead the country in CMHC-insured mortgage deferrals - CBC.ca + MORE May 21st
Alberta and Quebec lead the country in CMHC-insured mortgage deferrals CBC.caThe Canadian government kneecapping its own housing market is unprecedented ForexLiveReal estate resilient during COVID-19 but CMHC warns about debt’s effect Yahoo Canada FinanceCanadian R.... More »
Amicable Brexit divorce hinges on cash settlement - Financial Times Apr 3rd
Financial TimesAmicable Brexit divorce hinges on cash settlementFinancial TimesBusiness people and diplomats are familiar with the cliché that negotiations are best conducted on a “win-win” basis. But the Brexit talks are different. The negotiators on both sides are looking for a lose-lose deal.... More »
Are investment fees tax deductible? + MORE Aug 23rd
Q: I pay a few thousand dollars in monthly fees to the various RRSP funds that I have—all with one institution and at a preferred rate. Since these fees are to earn money, are they an allowable tax deduction?
—Jerry
A: Fees paid to a financial institution may be tax deductible, Jerry. It depe.... More »
Investment firms fear tech companies getting into their business Dec 16th
What if Amazon distributed financial products or offered its own advice? What if Google bought its own money manager?.... More »
The value of Dividend Advisor
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.I’ve read dozens of personal finance and investing books that tout the merits of indexing investing.
It’s all true.
To be clear, the trend towards low-cost, indexed investments has been great for retail investors. Indexing works on many fronts: it is not overly time-consuming, investing costs stay low, investors can obtain diversification, and investors can ride market-like returns.
I do believe however (because I invest this way myself) that index investing is not the only way to go. There are degrees of active and passive investing for one. Just because you own a low-cost Exchange Traded Fund (ETF) doesn’t mean you’re passive investing forever and a day. The fund might be lazy but the investor might not be…
Second, the equity market functions in part because of price discovery. I’m not suggesting you trade (at all) but you need to realize the market decides every day what assets are worth. Without this bartering system we wouldn’t have much of a market…
