Investing and Personal Finance
[Edit - Please note that offer is no longer valid] TradeKing discount brokerage has just announced a new promotional program where they will pay you $50 just for setting up a new brokerage account with them. TradeKing is one of the lowest-cost online brokerages around with $4.95 trades. You can set up any type of [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs.  |
Last week I received an email from a reader (Michael) which was quite unusual for 2 reasons – 1) we rarely get emails from readers and 2) it was a good question. A friend of my girlfriend hasn’t filed his taxes in 4 years, and we were just wondering what the repercussions will be when he [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I’ve done a number of posts on extremely cheap individuals (Daniel Suelo, Charles Long, Don Schrader) and groups (Freegans) but have always had a soft spot for stories about the Economides (self-professed to be “America’s Cheapest Family”). While they certainly aren’t shy about self-promotion, I think they’ve actually built a unique lifestyle that works for [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
After the quick success of the Cash for Clunker old car trade-in program, the government is now planning a similar rebate plan for your old appliances. Simply put – there will be cash rebates ($50 to $200) available which can be applied if you buy new appliances with an Energy Star seal. The main difference [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
A quick reminder that the Four Pillars “Return to Questrade” deal is almost over. Check out my original post for details – if you went to RBC last year for the 1% deal and want to return for the $5 trades then this is the time. My wife and I have completed moving our accounts [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The past year has been a bad one for the American worker. Because of the 2008 financial crisis and ensuing recession – millions of Americans have lost their jobs. The current national unemployment rate is 9.7% as of Sept 4. While many workers will find new jobs within the time period of existing employment benefits [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I’ve had a draft of this post sitting in the Four Pillars draft queue for over a month, and after a recent question by JN it seemed time to finish it and post it. While I hope it gives a decent overview of finding, selecting and finalizing a tenancy for a rental property, please keep [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
The Ohio unemployment rate has reached a level of 10.8% as of August, 2009. Legislation recently passed by the house (Sept 22) called Bill H3548 will allow any states with a total unemployment rate (TUR) of 8.5% or higher to be eligible for federal funding which will allow 13 more weeks of extended unemployment benefits [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
My wife and I both have old phones (mine has an elastic which holds the almost dead-battery on [see photo below]) and have been thinking about getting new ones. We didn’t want to get a contract and haven’t had time to look around for a good deal. Luckily, staff writer “Henry” took the time to [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
“Sway” by the brothers Ori and Rom Brafman is about “the irresistible pull of irrational behavior”. It was passed along to me after a friend enjoyed it and thought I would as well (which I did). It’s a fast, easy read in the style of a Malcolm Gladwell book or Freakonomics. The authors talk about [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Another great weather weekend here in Toronto. I don’t think it has rained in a couple of years and the temperatures have been great! The links Canadian Capitalist asks if your portfolio has broken even? The media often focuses on how far off the stock indexes are from their highs which isn’t a very accurate [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Earlier this year an $8,000 credit for first time home buyers was instituted as part of the 2009 Stimulus package. The idea behind this credit was to help out first-time home buyers and encourage them to purchase a house. Sinking house prices and a stalled house building sector were the main motivations for this credit. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Free book download Mike Piper who blogs at the Oblivious Investor wrote a book recently called “Investing Made Simple”. It’s going to be offered for sale on Amazon but in the meantime he has decided to allow free downloads of the book from his site. Go check it out. The best links Amateur Asset Allocator [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
On Tuesday I posted about Beginning Investment Strategies to Consider, and as promised, in this post I’ll detail investing strategies I think beginner investors should avoid. There are countless people who want to get your money for a “can’t lose” investment. I’ll try to talk about general “warning signs”, but inherently this is a topic [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Welcome to the 82st Edition of Carnival of Money Hackers. Moolanomy.com was kind enough to let me host this week, so enjoy the posts and the pictures. Investing Photo Credit: epicharmus Tallahassee Real Estate presents Housing Market Bottom Reached In Tallahassee posted at Tallahassee Real Estate Blog. 20smoney presents 5 Types Of Diversification Your Financial [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I’ve commented before about how dangerous it is to give investment advice to friends and family. I keep running into people who are very bright individuals in other areas of their life, but just throw up their hands in frustration and give up when it comes to managing their money. Never one to learn from [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
It’s back to school time and most university and college students are probably looking forward to a long winter of tough studies, late night Ramen noodles and figuring out how to cut costs in order to get by on not very much money. Here are some suggestions from a current student who has done some [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
It is a common perception that Canada has one of the highest wireless fees in the world. As a result, wireless penetration rate in Canada is only 62%, which is one of lowest in developed countries. Contrary to this common perception, Canadians enjoy one of the lowest wireless fees in the world through wireless retention [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I touched on hitchhiking in a previous post, but felt that it deserved a deeper treatment than I gave it at the time. For those not familiar with the term, hitchhiking refers to getting rides, for free, from generous motorists who have a free seat and are willing to take you to (or at least [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Because of dropping interest rates – mortgage brokers have been falling over themselves this year to try to get clients to refinance their home mortgage and get a lower rate. Brokers of course, make money from refinancing, so this is a good deal for them. The idea of having a lower interest rate and being [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
