When Does The New Year Of RESP Contributions Start?

by Mike Holman

An RESP question I frequently get at this time of year is along the lines of: “I maxed out my child’s RESP grant last year in [insert month here] – do I have to wait 12 months from that time to get more grants?”. In other words – they want to know when a new […]

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Should I Have An Open House When Selling My House?

by Mike Holman

There was a recent article in the Globe & Mail where a real estate agent was interviewed about her opinion on holding open houses if you are selling a house. To summarize, the agent thought that open houses were a waste of time with only nosy neighbours dropping in to check out your belongings. I […]

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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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