Investing and Personal Finance
I was happy to be published at Moneyville.ca this week – my article was called “Why you might (and might not) need an RESP“. It was quite well received and hopefully they will publish more of my articles in the future. If you haven’t checked out the site – go for it. There are lots [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs.  |
Mark from the Blunt Bean Counter (an excellent blog) recently wrote about RRSPs and his theory that Canadians consider RRSPs to be holy and try their best to never withdraw from them. This article stemmed from an excellent TFSA vs RRSP report written by Jamie Golombek of CIBC. Mark recounted a conversation with Golombek where [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I was fortunate to be a guest on the CBC radio program “Ontario Today” this week. I was a stressed-out, nervous wreck for a couple of days beforehand, but I managed to get through it without sounding like a complete moron. Here is the link to the show if you wish to listen. The show [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Today we are going to look at Interactive Brokers (IB) – a very interesting Canadian discount brokerage. Most brokerages offer a full suite of accounts – open, RRSP, TFSA etc, but not IB. The only type of account you can have at IB is an open, non-registered account. So why bother with them? Keep reading [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I started the 100 pushups challenge this week. It’s a neat exercise program that only takes about 30 minutes per week and promises to have you doing 100 pushups in six weeks. Having done the first two sessions, I think six weeks is too optimistic. Eight to ten weeks is more like it. They have [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Setting up an RESP account can be a daunting task. There are many RESP rules, plus you have to figure out where to set up the account and what kind of investment products to buy. Mutual funds, ETFs, and asset allocation are not the sort of thing most new parents want to spend time learning. [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I just finished booking a hotel room in downtown Toronto using Priceline.com. I was curious about how Priceline worked and how much money it would save. Unfortunately, I made a mistake when I entering the bids and ended up with an extra hotel room which cost me $116. Oops! Oh well – I’ll be posting [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
One question which I’ve been asked a few times is how trading commissions affect RESP contributions and grants. Here is an example of one such question from Phil: I am from Montreal, I read your book (great!) and I opened a family RESP last month with Questrade for my son (age: 1). My intention is [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Here are some of the main types of financial advisors you might run into. It’s important to note that these are general categorizations and there can be overlap between groups. There are a number of different factors to consider when choosing who to deal with for investing advice. Some people want convenience, some investors want [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
Ok, it’s official – I’m tired of winter and can’t wait for Spring and Summer. On with the links Beating the Index had a great analysis of oil in the Middle East and Canadian oil producers. The Globe & Mail wrote about helping people with agricultural, rather than just giving them food. Dianne Nice from [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
I recently had the pleasure of talking with Derek Foster who is busy promoting his new book – The Idiot Millionaire. I really enjoyed our conversation – Derek is a super nice guy. I’m well aware of the controversy around the numbers in his first book and the fact that he sold all his equities [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans Everything you need to know about RESPs. |
