The fallacy of a “stock-picker’s market” + MORE Oct 29th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Investing in CBD — How to Do It & What to Consider + MORE Aug 31st

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'Hardware failure' caused TSX shutdown, trading to resume Monday as usual Apr 28th

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Unique ideas for your last will and testament Dec 1st

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10 SMART financial goals to set for 2024 + MORE Dec 29th

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Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Nov 10th

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How do I decide between mutual funds and ETFs?
Q. My husband and I currently have RRSPs at our bank, with the money invested in mutual funds. We have been contributing bi-weekly for about two years to save for retirement and to receive a tax deduction. Would it be smarter for us to invest in ETFs instead of mutual funds? Would we still receive the same tax break and use the funds for retirement?
— Lesley
A. Choosing the right investment products is important, but sometimes the “mutual funds vs. ETFs” debate misses the larger point. It often overlaps with other more important decisions, such as your strategy, how much you’re paying, and whether you need an advisor or are willing and able to manage your own portfolio. Lesley, before we consider whether ETFs are right for you and your husband, let’s consider these issues.
The first step is to understand whether your mutual funds are appropriate for your situation. Do they have the right balance of stocks and bonds, or are they too risky or too conservative? Are they well diversified or narrowly focused? Do they carry reasonable management fees or are you among the many Canadians paying more than 2%?
Now consider the level of service you are getting from the bank that holds your RRSPs…

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WeWork’s takeover of a Manhattan department store exemplifies how shared offices have moved into prime real estate from the fringes. It also announces an emerging group of players in the commercial real estate market

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Investors might find this hard to believe, but there is no such thing as a “stock-picker’s market.” When one stocker-picker “wins,” the investor on the other side of the trade “loses” by an identical amount. It’s a basic concept that many in the financial services sector have trouble grasping, so let me put it in terms terms that are easy to understand. 
Let’s say there are eight buddies who play poker every Friday night. At the start of the game, each player brings $100 to the table and they play until someone wins it all. At the end of the night, has any wealth been created? Obviously not. The participants entered with a collective $800 and left with a collective $800, the only difference is seven players walk away with nothing. Trading securities works the same way. It does not create wealth, it merely re-distributes it. 
In spite of this, one of the phrases I hear often is that we are in a “stock-picker’s market.” There’s simply no polite way to say this: it’s impossible…

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