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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What to do if you overcontributed to your RRSP + MORE Feb 26th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
The best dividend stocks in Canada 2024 + MORE Jan 10th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
It has been a lousy couple of years for dividend inv.... More »
They lack tech glamour. They’ve lagged the market. But blue-chip dividend stocks but can be smart buys + MORE Aug 31st
Columnist David Aston points out the opportunities that can, if you’re smart, eschew the risk from the most volatile sectors..... More »
Intel warns US stake could hurt international sales, future grants - Reuters + MORE Aug 25th
Intel warns US stake could hurt international sales, future grants ReutersU.S. government takes 10% stake in Intel, as Trump expands control over private sector CNBCIntel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leade.... More »
Making sense of the markets this week: July 10 Jul 8th
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The first half of 2022 asset scorecard—not good
The S&P 500 entered a bear market last month and recorded its worst first half since 1962, down 20.6%. Th.... More »
Is the 4% Rule obsolete?
– moneysense.ca
Over the half decade I’ve written this column and attempted to practice what it preaches, a central pillar has been the so-called 4% Rule. As originally postulated by Certified Financial Planner and author William Bengen, that’s the rule of thumb that retirees can safely withdraw 4% of the value of their portfolio each year without fear of running out of money in retirement. (That’s the gist, although you have to make adjustments for inflation.)
Problem is, with “lower for longer” interest rates and the spectre of negative interest rates, is it still realistic for retirees to count on this guideline? Personally, I find it useful, even though I mentally take it down to 3% to adjust for my own pessimism about rates and optimism that I will live a long, healthy life. I polled several sources to see if they still believe in the 4% Rule, or whether a 3% or even 2% rule might be more appropriate now.
“I think the 4% Rule is a reasonable rule of thumb,” says financial planner Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Consultants…
Problem is, with “lower for longer” interest rates and the spectre of negative interest rates, is it still realistic for retirees to count on this guideline? Personally, I find it useful, even though I mentally take it down to 3% to adjust for my own pessimism about rates and optimism that I will live a long, healthy life. I polled several sources to see if they still believe in the 4% Rule, or whether a 3% or even 2% rule might be more appropriate now.
“I think the 4% Rule is a reasonable rule of thumb,” says financial planner Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Consultants…
