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Latest News
Via Rail places $989M train order with Germany's Siemens instead of Bombardier Dec 12th
Via Rail has selected Germany's Siemens over Bombardier Inc. for a $989 million contract to build new rolling stock as the Canadian passenger rail service renews its fleet of locomotives and cars for the rail corridor between Quebec City and Windsor, Ont..... More »
Coronavirus fears prompt empty shelves as Canadians follow health minister's advice to stock up - National Post Mar 2nd
Coronavirus fears prompt empty shelves as Canadians follow health minister's advice to stock up National PostNovel Coronavirus Fears Are Causing Costco Canada Stores To Sell Out (PHOTOS) NarcityShoppers stocking up in Metro Vancouver as concern about coronavirus spreads &n.... More »
How does a U.S.-dollar TFSA work? May 21st
Ask MoneySense
I just set up an American dollar TFSA to complement my existing TFSA. I do not know how the contribution gets calculated, and the goal is to not overcontribute with the sum of these.
—Michelle
An investor can open more than one tax-free savings account (TFSA). There are no r.... More »
Successful investing is about risk, patience and a plan: Mayers + MORE Mar 24th
As we near the three-month mark in the year, the economy and stock markets have defied gloomy New Year predictions..... More »
Who reports capital gains if a stock is owned jointly? + MORE Apr 8th
Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse. We had a capital gain of $30,000 this year in our non-registered account. At 50% each, our capital gain for tax purposes is $15,000. Do we each have to report a gain of $7,500? Or, does.... More »
Transcontinental’s third-quarter profit climbs, revenue slips
– theglobeandmail.com
Company posts earnings per share of 42 cents in latest quarter, up from 10 cents a year earlier
The iPhone’s magic as China’s must-have smartphone is eroding as the latest release fails to catch on, prompting investors to flee Apple stock.
Carrick on money: What to study if you want to make money
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
RBC upgrades Encana, warns of big dividend cut
– theglobeandmail.com
And other analyst actions of the day
The one-fund solution
– moneysense.ca
What’s the best way to get started with index investing? That’s the question Justin Bender and I ask in our new white paper, The One-Fund Solution. In our opinion, if you’re new to self-directed investing and you have a relatively small RRSP or TFSA, the place to begin is ING DIRECT’s Streetwise Portfolios.
I’ve written about the Streetwise Portfolios before, and I often get pushback from readers. They point out these balanced index funds carry an MER of 1.07%, which is expensive compared to my ETF model portfolios, and even the TD e-Series funds. But most of this criticism comes from experienced do-it-yourselfers who forget that reading this blog means they’re among a small minority who consider investing something of a hobby. Most Canadians are not like them. Most people, even if they are good savers—and that’s the most important characteristic of a good investor—would rather watch Say Yes to the Dress than use a rebalancing spreadsheet.
My point is, rather that comparing the Streetwise Portfolios to the optimal solution, let’s compare them to the typical investor’s situation…
I’ve written about the Streetwise Portfolios before, and I often get pushback from readers. They point out these balanced index funds carry an MER of 1.07%, which is expensive compared to my ETF model portfolios, and even the TD e-Series funds. But most of this criticism comes from experienced do-it-yourselfers who forget that reading this blog means they’re among a small minority who consider investing something of a hobby. Most Canadians are not like them. Most people, even if they are good savers—and that’s the most important characteristic of a good investor—would rather watch Say Yes to the Dress than use a rebalancing spreadsheet.
My point is, rather that comparing the Streetwise Portfolios to the optimal solution, let’s compare them to the typical investor’s situation…
