LinkStuff: Online RESP Chat With Globe And Mail Today

by Mike Holman

Announcement – I’ll be doing an online chat on RESPs with the Globe & Mail today at noon to 1pm, so if you have any RESP related questions, please check it out. And unlike most of the questions asked through this blog, I promise not to ignore any of them. Here is the link. On [...]

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2012 Investment Portfolio Returns – A Good Year

by Mike Holman

Time to take a look at the 2012 investment returns.  You can usually tell the performance by how early in the year this post appears.  When the market has done well, I can’t wait to calculate the return and see how much more money I have.  In bad years, I tend to delay performance calculation. [...]

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LinkStuff – US Election

by Mike Holman

Last week saw Barrack Obama re-elected as president of the US.  I can’t claim to fully understand the US government system, but the fact that the Republicans still hold a fair bit of power means that there will likely be a lot of conflict over the next four years rather than good governance.  It appears [...]

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Best Financial Tip – Take a Long Term View Of Your Finances

by Mike Holman

Today’s post is going to be short and sweet.  When making financial decisions, take a look at the long term view first. Most people go through a life path where they start their careers, progress with their careers, buy a house, maybe have kids, pay off all debts, save for retirement and eventually retire. The [...]

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How To Save $100,000 For An MBA Or Other Higher Education

by Mike Holman

A reader asked me how he can save $100,000 in order to do his MBA. My first thought was “with great difficulty”.  $100 grand is a lot of cash to save even if you make a high salary. Obviously, to save money you must spend less than you earn and save the difference. Cutting your [...]

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LinkStuff – Sandy Edition

by Mike Holman

I hope everyone survived the recent bad weather resulting from Hurricane Sandy.  Luckily in the Toronto area, we were spared most of the effects and just had a bit of extra rain. The New York stock exchange was closed for two days this week because of the weather and my friend Alexandra Macqueen who wrote the [...]

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The True Cost Of Owning An ETF – The MER Is The Main Thing

by Mike Holman

I read an article recently about a formula to calculate the true cost of owning an ETF.  The idea behind this formula was to capture all the costs of an ETF, not just the annual expense ratio or MER. Related: What are ETFs? – Exchange Traded Funds If you are trying to add up your [...]

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LinkStuff – Dividend e-Book Edition

by Mike Holman

My friend Mike Hereux from the Dividend Guy blog has written a book about dividend stocks called Dividend Growth: Freedom Through Passive Income. It’s a pretty good guide on dividend investing and includes everything from stock selection to diversification to taxes. If you want to learn more about dividend investing, this book is a good [...]

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