Since the RRSP season is about to hit the home stretch, this week’s video is topical. In it, kids talk about what retirement means to them.
In the news this week
The stock markets hit some significant milestones this week. The S&P 500 has doubled from the market low of March 2009 (not counting dividends). The TSX crossed the 14,000 mark. What does this mean for investors? Other than the fact that stock portfolios are looking much healthier, not much. Just over two years ago, the pundits getting the most air time were those making dire forecasts (here’s one example). Investors who listened to these gurus and hid under their beds missed out on one of the most spectacular rallies. While it’s not clear (to me at least) that market sentiment has completely swung the other way now, it may be time to take a look at your current asset allocation. If your stock allocation is significantly more than target, you may want to sell some stocks and buy the asset classes that are below target.
Link round up will return next week.
UFile Giveaway
Thanks to everyone who entered in last week’s TurboTax Giveaway. The winners picked by a random number generator were Dean and James (comment # 2).
This week, thanks to UFile, I’m giving away 10 vouchers for filing your family’s taxes online at UFile.ca (each voucher is valued at $24.95) to readers picked at random from among those add their comments to this post. Entering your name in the giveaway is, as always, super simple. Just leave a comment in this post (please do not send an entry via email) and don’t forget to include your email address. If you are reading this through your favourite RSS Reader or via e-mail, you have to click on the headline, get through to the website and scroll to the bottom of the page and type in your comment. Some quick rules: (1) Deadline for entries is 8 p.m. EST on Tuesday, February 22, 2011. (2) One entry per person please. (3) Canadian residents only. (4) I treat your privacy very seriously. Your email will be used for the sole purpose of contacting you if you happen to win. (5) I’ll pick one entry at random and announce the winner after the deadline. Thanks for entering and good luck!
