How to go about securing the best return for your investment in Canada.
Latest News
Boothe: Public sector investment isn’t crowding out anyone + MORE Jul 14th
photo illustration by sarah mackinnon
Is the public sector holding back provincial growth rates by crowding out private sector investment? That’s the contention of a recent C.D. Howe paper by Philip Cross. The paper provides a great case study of the danger of confusing correlation with causal.... More »
Scotiabank credit cards: A breakdown of the bank’s best cards + MORE Nov 25th
Scotiabank (originally called the Bank of Nova Scotia) is technically older than Canada itself. Founded in Halifax in 1832, the bank beat Confederation by 35 years. With that amount of history in the business, it’s no surprise the bank can offer and support a wide variety of products—including 1.... More »
At midday: Wall Street little changed, with earnings in sight + MORE Oct 9th
S&P 500 third-quarter profit growth seen slowing from prior quarters
.... More »
Weekend Reading – Smiling savers, emergency funds, cheap tickets and more + MORE May 20th
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. I hope you had a good week…
Earlier this week I told you we reached a milestone when it comes to our emergency fund and I finally got around to deciding what to do with my old car. Let me kno.... More »
Uber selling Southeast Asian business to regional rival Grab + MORE Mar 27th
BANGKOK _ Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business.
Grab said Monday that Uber will take a 27.5 per cent stake and a seat on its board as part o.... More »
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-05-31. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Choosing ETFs: The folly of cutting fees at all costs
– moneysense.ca
There’s a price war going on, and you’re the winner: Canadian ETFs have never been cheaper. An investor can now build a Couch Potato portfolio with an annual management fee of just 0.12%, less than half what it cost just a few years ago.
Keeping costs low is essential, and most Canadians are paying far too much: about $1 trillion is invested in mutual funds, many with absurdly high fees of 2.5% or more. But here’s the thing: once you’ve slashed your costs by 90% or more by using exchange-traded funds (ETFs) or index funds, whittling them down further won’t make much difference. Too many index investors are looking only at management fees and ignoring other factors. So before choosing the cheapest product on the shelf, consider the following.
Strategy is more important. Say you’re in the market for a new car. One option has better safety features, while the other has more horsepower. Do you simply go with the cheaper one? Of course not: you think long and hard about which feature is more important to you…
Keeping costs low is essential, and most Canadians are paying far too much: about $1 trillion is invested in mutual funds, many with absurdly high fees of 2.5% or more. But here’s the thing: once you’ve slashed your costs by 90% or more by using exchange-traded funds (ETFs) or index funds, whittling them down further won’t make much difference. Too many index investors are looking only at management fees and ignoring other factors. So before choosing the cheapest product on the shelf, consider the following.
Strategy is more important. Say you’re in the market for a new car. One option has better safety features, while the other has more horsepower. Do you simply go with the cheaper one? Of course not: you think long and hard about which feature is more important to you…
