3 bank stocks I plan to buy more of in 2018 + MORE Jan 17th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Can Brenda and hubby retire at 60 with $45,000 in income? + MORE Mar 19th

Q. If my spouse and I retire at age 60 in about three years—and want to have $45,000 net annually to spend—how much money will we need to have saved? We have no company pensions—only full CPP and OAS. We expect to live to age 85. – Brenda B. Brenda, there are several ways you can set up you.... More »
investment

Capital gains taxes explained Nov 11th

Capital gains can be an afterthought after selling your home, or any property, stocks or shares. But it sure comes up around tax time. What are capital gains? You have a capital gain when you have sold, what the Canada Revenue Agency deems “capital property” (including securities in the form of.... More »

Ways to “unlock” retirement savings in a LIRA + MORE Dec 7th

Q. When I retired at age 63, the financial institution that managed my DPSP account paid the company-contributed portion (approximately $30,000) into a LIRA.  Given all the constraints related to drawing down a LIRA/LIF, I am now 65, living in BC, and have two questions: Since I was already at re.... More »

What newcomers need to know about investing in Canada Nov 15th

Canada is a beautiful, diverse country—maybe that’s why you immigrated here. But as a newcomer, you also need to know about the rising cost of living and the high income tax rate (up to a 54% marginal tax rate for high income earners). Today’s inflationary environment—with steep increases in.... More »
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3 bank stocks I plan to buy more of in 2018 The Bank of Canada has hinted more interest rate increases are coming in 2018, and that means opportunities to invest.  Personally, I like bank stocks and the financial sector if rates rise. You see, historically, financial gurus tell investors to be selective with certain…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article 3 bank stocks I plan to buy more of in 2018 is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.

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As the head of global equity capital markets, Thadaney ran the listings and trading businesses across the Toronto Stock Exchange, TSX Venture Exchange and TSX Alpha Exchange

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Retailer’s law firm and financial adviser each get $14-million while it still engages in a batlle with its retirees and other creditors

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My first podcast of 2018 is now live:

This episode’s interview features Shannon Lee Simmons, a refreshing young voice in financial planning. At the age of just 25, Shannon quit her job with a large investment firm so she could work with Canadians who are underserved by the financial industry. Today, at age 32, she runs a successful fee-only planning business called the New School of Finance, where she works with clients in all income brackets and life stages, including recent grads, small business owners, and those who need a mid-life check up.
Shannon has also just authored a new book, Worry-Free Money (published by HarperCollins Canada), which  focuses on our attitudes and approach to money. It offers a lot of valuable insight for people who need to sort out some big-picture issues before they worry about small details such as which ETFs to use.
In our discussion, Shannon says she’s noticed a discouraging trend among younger investors that she calls “fee shaming.” This is when a supposedly enlightened index investor scoffs to a friend or family member, “You’re paying a 2% MER on a mutual fund? Oh my god, I’m paying 0…

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