Canadian Mutual Fund, ETF, and RRSP Advice | |
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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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Commentary
It's fair to say that both the financial press and the government regulators have been "captured" by the financial services industry. Generally, what is reported in the press and upheld by government regulators are the interests of financial industry advertisers, institutional investors, and other big money interests. This series of articles will pick out specific statements from the mainstream press and critique them.
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Contributed by: martingale
 Would the Canadian Securities Course help you to become a better self-directed RRSP investor? The CSC is one of the educational requirements for registration with one of Canada's self-regulatory organizations. For example, you're required to take a course like the CSC if you want to work as an investment advisor or mutual fund salesperson. What does this course teach you, and would it be useful for an ordinary investor managing their own RRSP? |
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Contributed by: martingale
Do something patriotic with your retirement: Retire on Hans Island!
Hans Island is a small uninhabited barren knoll located in the strait that separates Ellesmere Island from Northern Greenland. It's one of the most desolate places in Canada, and it's not really clear why anyone would ever want to live there, but then everyone's different. Canada's claim to sovereignty over Hans Island has recently been challenged, and given how difficult it would be to live on Hans Island, retiring there really would be a heroic act of patriotism. |
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Contributed by: martingale
The recent budget proposal to eliminate the RRSP foreign content limit is in trouble: Bill C-43 may die on the order paper. Bill C-43 is the enabling legislation that implements the key budget proposals that every party in the Commons had previously agreed to. This includes the removal of the foreign content restriction on RRSP/RRIFs, as well as the increases in the amount you can contribute tax-free. If the Opposition defeats the Liberal minority government before Bill C-43 becomes law it will be a terrible shame. Whatever your political stripes, please contact the Conservative Party, the Federal NDP party, and (for Quebec residents) the Bloc Quebecois and urge them to pass Bill C-43 before they force another federal election. You might also make some progress by contacting the local riding associations in your area--you can find them on the party websites. No matter who you would vote for you have a direct, financial, real money-in-pocket vested interest in seeing Bill C-43 passed before there is an election. |
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Contributed by: martingale
The Globe & Mail is running a story on when you should sell a mutual
fund that has been underperforming:
The article investigates several funds which have "underperformed" as
a way of illustrating how you might analyze your own funds. There are
several gross errors in this analysis that investors ought to be aware of.
This article suggests that investors who "buy and hold forever" are
somehow fools--which may just be an attempt to fool you into churning
your money, earning transaction fees for companies that advertise
in the Globe & Mail.
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| Full Disclosure | |
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No securities or mutual funds are bought or sold. We are not associated with any RRSP, mutual fund, exchange traded fund, securities dealer, personal financial advisor, or other financial institution. We may hold some of the securities mentioned in our own portfolio. No guarantees as to accuracy of information are provided: always read the prospectus for any security before investing.
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