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Latest News
Aggressive investing and saving for a home don’t mix + MORE Jan 14th
Me and My TFSA: Cordell VanGenderen
AGE: 21 PLACE: Calgary AB
TFSA TOTAL: $31,834
STRATEGY: Mix of growth and dividend-paying blue chips
Like father like son. A recent Me and My TFSA profile generated a lot of interest and here’s another part to the story, the son. Cordell is a 21-year-old u.... More »
Should RRIF withdrawals be based on the younger spouse’s age? Nov 8th
I am wondering about the minimum RRIF withdrawal calculation. We are wondering if it would be beneficial to use the younger spouse’s age to result in a lower annual combined income. Can you explain the reasoning behind this?—Bernie
When can you convert an RRSP to a RRIF?
Registered retirem.... More »
TC Energy to proceed with Keystone XL pipeline after US$1.1 billion investment from Alberta government - Financial Post Mar 31st
TC Energy to proceed with Keystone XL pipeline after US$1.1 billion investment from Alberta government Financial PostAlberta investing US$1.1 billion in Keystone XL pipeline BNNBloomberg.caTC Energy to start work on Keystone XL pipeline after $1.1B US Alberta investment &n.... More »
Stock markets appear to be ending week on a positive note, dollar slides + MORE Jul 8th
TORONTO – Stock markets appear to be ending the week on a positive note but Canada’s dollar is down.
The loonie was at 76.46 cents US, down 0.45 of a cent from Thursday’s close.
The Toronto Stock Exchange’s S&P/TSX composite index was up 144.36 points at 14,278.82.
The Do.... More »
Shares in Cameco up after Kazakhstan plans uranium production cuts + MORE Dec 4th
TORONTO _ Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production.
Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January.
Kazakhs.... 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…
