- If you planning on making a RRSP contribution, you probably know that you only have 5 more days to do so. With time running out, the best tip I have is to first come up with a plan before investing your hard-earned money. You can simply park your contribution until you complete your investment plan.
- Dave from GP has some wise counsel regarding RRSPs: build your safety net first before even thinking about RRSPs, TFSAs and whatnot.
- It was only last week that we noted that many stock market indices have doubled from the market bottom. This week, in the wake of turmoil in Libya, stock markets started falling sharply. Larry Swedroe points out that this is once again a reminder that markets are highly risky and risk is present all the time.
- You can’t make up a story like this if you tried. The Ottawa Citizen’s Randall Denley explains a recent Ontario Energy Board ruling: “some customers paid exorbitant late fees [on electricity bills], the power companies have to pay a penalty, charity gets the money and the current customers get the bill”.
- Million Dollar Journey warns that chasing high yields is a risky investment strategy.
- You probably have seen the blue ads that say “Risk-Free Investing. Yes, it does exist.” In his Globe & Mail column, Tom Bradley explains why investors should go on full alert whenever they hear the words risk-free and safe in the same sentence.
- Michael James offers a very good explanation of how income tax installments work.
- Looking to learn more about Exchange-Traded Funds? How To Invest Online wrote up a comprehensive list of ETF resources.
- Larry Mac is considering diversifying his portfolio into the US by buying the beaten-up home builder sector. All my US exposure is captured with a single ETF: The Vanguard Total Market ETF.
- The Blunt Bean Counter explains how the Canada Revenue Agency selects its audit victims (the taxpayers subject to the audit)
- My Own Advisor recounts his recent frustration with getting Aeroplan to credit points for flights.
- Thicken My Wallet offered a crash course on severance pay.
- Jim Yih has some practical tips for investing your RRSPs on his Retire Happy Blog.
- Canadian Couch Potato says that rebalancing is an important risk management strategy. I agree. I rebalance often when adding new money to our portfolios.
- Money Smarts Blog explains how there are many different retirement outcomes many of which are perfectly reasonable.
- With tax season just around the corner, Canadian Financial Stuff reminds us not to forget claiming medical expenses.
- Financial Highway featured a guest post on why it doesn’t make sense to endlessly deferring RRSP or RRIF income.
Phew! That’s it for this week. Just a quick reminder that you can read my posts in your favourite reader or delivered by e-mail. Have a great weekend everyone!
