Attention Millennials – Here is your game plan for retirement + MORE Jun 14th

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A few months ago I got an email from a reader as a follow-up to this post:
You make a lot of great points in your previous post–I especially like how you said to own the banks themselves instead of mutual funds. Timing the market can also be a pitfall for eager first-time investors, so I’m glad you included the second and third bullet points as well. For the new post, I’d love to hear about how you learned this advice. Was it through making financial mistakes and correcting them, watching others make them, or just thinking logically? Essentially, if you could go back to your 20s, what would you do differently?
Thanks for all the questions.  I always find it interesting to hear from readers what they take away from my articles but also what they want to read more of.  Let’s dig into some answers to these questions…
On timing the market…
I guess I learned from my own experiences in my 20s, when I first got serious about investing using big bank mutual funds at the time, that money in the market that stays in the market tends to make money…

PARIS —  Quebec’s economy minister says the government is ready to buy shares in Bombardier if the airplane manufacturer asks for financial aid to support the CSeries commercial jet program.
Jacques Daoust told reporters on Sunday that Bombardier was looking for financing and that “conversations” had been held. He said the company did not make a formal request for aid, but Daoust made it clear Bombardier would have no trouble receiving help if it made a request.
“I’m ready to help Bombardier because I still have confidence in Bombardier,” said Daoust. “It’s an economic locomotive for us.”
Daoust was in France for the Paris Air show, where the CSeries commercial jets made their public debut.
For the first time, visitors and potential buyers were able to see the CS100 and CS300 up close and in the sky.
Bombardier said the plane performed even better than expected during flying tests in areas such as distance covered in flight, fuel economy and performance on takeoff…

TORONTO – Starting next month, homebuyers in Ontario will have new protections against phantom bids, a practice used by unscrupulous real estate agents to drive up the prices of homes.
Agents may hint they have received competing offers when they haven’t in order to spook potential buyers into raising their offers or rushing into a deal.
Some homebuyers believe the practice occurs during bidding wars in cities with red-hot real estate markets such as Toronto and Vancouver. But prior to the new law, these suspicions have been difficult to prove.
As of July 1, agents will not be allowed to imply they have received an offer unless it is in writing and has been signed. They will also be required to keep records of all of the offers they have received on file for one year.
Buyers who suspect they may have been duped will be able to find out whether there truly were other offers by filing a complaint with the Real Estate Council of Ontario, the agency tasked with enforcing the new rules…