Canadian Capitalist Logo Dark
No Result
View All Result
Thursday, September 21, 2023
  • Login
  • Register
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources
Subscribe
Canadian Capitalist Logo Light
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources
No Result
View All Result
Canadian Capitalist Logo Mobile
No Result
View All Result
Home Investing

Book Review: Rob Carrick’s Guide to What’s Good, Bad and Downright Awful in Canadian Investments Today

by Ram Balakrishnan
January 21, 2010
Reading Time: 2 mins read
131 3
0
153
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin
[Front Cover of Rob Carrick

Respected Globe and Mail personal finance columnist Rob Carrick has followed up How to Pay Less and Save More For Yourself: The Essential Consumer Guide to Canadian Banking and Investing (read my review), a guide to getting the best deals in banking and investing, with another book with an equally long title. But don’t let the long title deter you. This is a rather short book (roughly over 200 pages), written in a breezy style and in a format that is perfect for random reading because the book is filled with handy lists such as “Six crummy mutual funds that make the industry look bad”, “Five great deals in fundland”, “Five key considerations in choosing a discount broker” and “Ten traits of a great adviser”.

I found it refreshing that Rob Carrick pulls no punches and tells it like it is. Take the “Three Examples of Fund Industry Shenanigans”, in which Rob lists the mutual fund industry practices that really bug him. Here’s what he says about making a big deal about management fees:

You may now have grasped the idea that management fees are nothing but a component of the total cost of owning mutual funds. In quoting management fees in its marketing material, then, a mutual fund company is giving you only a partial view of what it costs to own its products. Why do fund companies do this? My cynical view is that it’s to fool people.

After all, the term management fee can easily be mistaken for management expense ratio. Publicize management fees all by themselves, and maybe some people will be fooled into thinking your funds are cheaper to own than they actually are.

This is not merely a book about fund industry shenanigans, though the industry does come in for heavy criticism (and deservedly so). There is a lot of ideas for investors of all stripes, from beginners to the pros, from picking an adviser to avoiding principal-protected notes. The toughest part in investing is avoiding big mistakes. Rob Carrick’s Guide will help in avoiding some pretty big ones that could set back your finances by years. Too bad if the fund industry’s feelings are hurt in the process. After all, you can’t make an omelette without breaking eggs.

Rob Carrick’s Guide is published by Doubleday Canada and has a cover price of $19.99 and is available on Amazon for about $15. Thanks to Rob for mentioning this blog as one of the “Five blogs that will make you a smarter investor”.

Related posts:

  1. Book Review: The Investment Zoo
  2. Finding a Financial Advisor, Part 3
  3. The Sleepy Portfolio Summary
  4. A Safe Haven in Uncertain Times: Why Gold and Silver Should be Part of Your 2023 Investment Strategy
Share61Tweet38Share11

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

What you can expect on this blog

Next Post

This and That: Interest rates, Couch potato blog and more…

Ram Balakrishnan

Ram Balakrishnan

Related Posts

The Crypto Market: On the Brink of Collapse or Just Hitting a Rough Patch?
Economy

Cryptocurrency: A Fading Trend or a Revolution?

January 19, 2023
2.1k
ETFs Demystified: How to Pick the Right Exchange-Traded Fund for Your Investment Strategy.
Investing

Simplifying the ETF Selection Process: A Step-by-Step Guide to Finding the Perfect Fund

January 18, 2023
2.2k
Examining the risks faced by retirees who rely on fixed income sources and the steps that can be taken to protect savings and retirement income.
Investing

The Hidden Threat of Inflation on Retirement Savings

January 16, 2023
2k
Investing in gold and silver can be a great way for beginners to diversify their investment portfolio and hedge against inflation.
Investing

A Safe Haven in Uncertain Times: Why Gold and Silver Should be Part of Your 2023 Investment Strategy

January 13, 2023
2.1k
Investing

Questrade vs Wealthsimple 2023 Update: Breaking Down the Differences for Canadian Investor

January 11, 2023
2.2k
aerial photography of rural
Real Estate

First-Time Homebuyers: Is the First Home Savings Account (FHSA) Right for You?

January 9, 2023
2.2k
Next Post
which dividend is exempt

This and That: Interest rates, Couch potato blog and more...

Please login to join discussion
Canadian Capitalist

© 2022 Canadian Capitalist

Navigate Site

  • Home
  • Disclaimer
  • Privacy Policy
  • Advertisement
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Investing
  • Markets
  • Real Estate
  • Retirement
  • Tax Savings
  • Trivia
  • Resources

© 2022 Canadian Capitalist

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
two man and woman standing on doorway
The man who does not read has no advantage over the man who cannot read - Mark Twain