Canadian ETF, Mutual Fund, and RRSP Advice  
 Efficient Market Canada
 

Canadian ETF, Mutual Fund, and RRSP Advice
EfficientMarket.ca

 

 

Canadian Mutual Fund, ETF, and RRSP Advice
News and information on RRSP's, mutual funds, exchange traded funds, and Canadian personal finance. Efficient Market Canada advocates using indexed mutual funds and indexed exchange traded funds (ETF's) to build a low-cost, efficient self-directed RRSP. We analyze RRSP asset allocations, tax strategies, and review the financial literature as it relates to RRSP and non-RRSP investment, and personal finance for Canadians.

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Pay Off Your Debts | 5 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Pay Off Your Debts
Authored by: martingale on Monday, December 20 2004 @ 09:16 PM EST
Hi Frank,

I think you are exactly right in everything you said, and thanks. I will stick to my guns and call borrowing for consumption "bad debt", but I will note that I also sometimes eat hamburgers and french fries. Yes, it's bad. Yes, we all do it sometimes even though we know it is bad. The most common example is a car loan where you didn't really need a car, but didn't have the cash to buy a car outright--you do have to live a little in your life.

As for your wife going back to school I would view that as an investment in her future, and as such, you expect a return on that investment: her increased future earnings. So debt racked up as a consequence of supporting her return to school very much counts as "good debt" in my books.

Thanks again for your comments!
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