June 2010

I recently did a review of ShareOwner discount brokerage, which promotes regular dividend stock purchases.  One thing that came out of that review, is that regardless of how cheap the trading costs are – regular purchases of stocks are quite expensive. In this post, I’m going to discuss some strategies to buy dividend stocks (or [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

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I was going to include this post in the “week of romance” back around Valentine’s day, but there wasn’t room (I guess I’ve just got too much love to give).  Marriage and divorce can be two of the biggest factors in personal finances:  the right partner can help us get what we want out of [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs Welcome to the June 18, 2010 Edition #146 of the Carnival of Financial Planning. The Carnival of Financial Planning takes a long-term view of personal financial planning for individuals and families. We focus on efficient and sustainable personal financial planning practices [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

Here in Toronto, we are gearing up for the G20 summit next week. I think downtown Toronto is quite possibly the stupidest place to hold this sort of event, but needless to say, they didn’t ask my opinion. I doubt there will be any trouble at the summit. With the number of security people on [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

This post is a review of Canadian ShareOwner Investments Discount Brokerage, otherwise known as “Share Owner”.  I’ll be looking at the costs and comparing various scenarios with the cheapest Canadian discount brokerage Questrade. What is Share Owner? Canadian ShareOwner Investments is a different type of discount broker.  It is the only broker that allows you [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

I’ve been reading a couple of articles lately about TFSA over-contribution penalties which are being levied against some Canadians by the CRA.  These penalties have resulted from people over-contributing to their TFSA (Tax Free Savings Account).  It appears there are two main causes for these over-contributions, which will be discussed here. [update June 17] Rob [...]

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Want to learn more about RESPs? Buy The Book:

Resp-Book

The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

I really liked the business principle “under promise and over deliver” from the first time I heard it.  It made total sense to me:  follow through on your commitments and exceed what you said you’d do.  I think this is a good approach to all facets of life, not just running a business.  Your boss [...]

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Resp-Book

The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

Toronto will be hosting the G20/G8 summit towards the end of June.  It will cost a fortune to host this event and I really don’t see what the benefits are.  Many people will be inconvenienced and the only publicity the city will get will be CNN videos showing various protesters getting beaten up. The worst [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

This article was written by Rachelle: a real estate guru who works as a property manager and helps investors find rental properties in Toronto and surrounding areas.  She has recently started a very interesting blog called Landlord Rescue.  You can subscribe to the RSS feed here. I asked Rachelle to write a “tenant from hell” [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

There are a few books that are beloved and can be a bit dangerous to review.  YMOYL is the bible to a number of people, so I’ll start with saying that I think there’s a lot of good stuff in there, it’s a solid book and just about everyone should read it.  In spite of [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

One of the drawbacks with RESP accounts, is that it is very difficult to predict exactly how much money your child will need as a student.  Studying out of town is much more expensive than living at home.  A four year University program is far more expensive than a 9-month cooking course.  Your child might [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

A while ago, I wrote about how we have a very loose budgeting system in place, which involves keeping an excess of cash in our bank accounts.  This makes it easier to manage bill payments etc, and it came in very handy this week when we had a $1,700 car repair bill.  It still sucked [...]

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The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now

One of the complaints often heard about the investment industry is lack of disclosure about compensation.  It is up to clients to ask their financial adviser how they are compensated, and even then it might be difficult to verify if the adviser is telling the truth.  The reality is that compensation has a huge impact [...]

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Want to learn more about RESPs? Buy The Book:

Resp-Book

The RESP Book: The Simple Guide to Registered Education Savings Plans

Everything you need to know about RESPs.

See it on Amazon now