This week, on Investor Clinic in the Globe & Mail a reader asked – Why am I paying an advisor to manage my dividend portfolio? John Heinzl offered a very thoughtful reply and brief analysis. Here’s the situation, a widow has inherited a portfolio – after I received a $3-million inheritance seven years ago, he […]
How to invest this RRSP season.
Canadians are turning their attention to investing as the deadline looms for making an RRSP contribution. When you contribute to your RRSP (Registered Retirement Savings Plan) you can lower your income taxes owed, the funds then grow tax free. It’s more than a good deal. You might contribute enough to your RRSP to generate a […]
It’s portfolio checkup time on the Sunday Reads.
Next week, the Sunday Reads will fall on boxing day. And for the record, I will not be rushing through the doors (throwing elbows) trying to get my hands on the 3 large screen TVs selling at 80% off! at Best Buy. Yes, the year is drawing to a close. As the first full year […]
Drug makers say that COVID-19 vaccines are still 3-4 years away. Stock markets continue to fall.
This would be the headline today if the ‘normal’ path of vaccine development had played out. While I am guessing on the response from investors and stock markets, I think it’s a good guess that stock markets would offer significant corrections if we knew that we would be in the grip of the first modern […]
Was the F.I.R.E. movement doused by the pandemic?
F.I.R.E is an acronym for Financial Independence Retire Early. It is a very popular movement that gets a lot of attention in the blogosphere and on social media. The idea is to eat excess amounts of ramen noodles, squeeze your budget until it squeals, save 90% of your income, invest like crazy in an all-stock […]
How to use your TFSA account.
It’s year end and you may have a couple of questions on how to use your TFSA account. The Tax Free Savings Account is one of the greatest additions to your investor tool kit. It is true to its name in that the monies grow completely tax free. When you take the monies out for […]