Mutual fund fees and the future of investment advice

For more than 30 years, when you’ve bought a mutual fund in Canada with a deferred sales charge (or DSC), you’ve paid no upfront fee. The catch is that if you sold the fund before a specified period of five to seven years, you’ll pay a hefty penalty. DSCs usually start at 6% if redeemed…

Best Canadian Tax-Free Savings Accounts in 2020

Table of Contents The best TFSA savings accounts in Canada What is a Tax-Free Savings Account (TFSA)? Should I use a TFSA or an RRSP? Which type of TFSA might be right for me?   A Tax-Free Savings Account, or TFSA, is a savings vehicle available to Canadians aged 18 and up who have a…

Why isn’t everyone a value investor?

According to popular belief, value investors would like to buy shares in companies that trade at low price-to-earnings (P/E) and/or price-book value of equity (P/B) ratios. This so-called “naive” value investing approach assumes investors buy all low-priced (in relation to fundamentals) stocks irrespective of whether they meet the margin of safety requirement—a key requirement by…

Is an RRSP loan a good idea?

Q. My bank is currently offering an RRSP loan for $15,000. According to their calculator, I would receive a rebate of $6,750 for that contribution. If I spread the loan over 5 years, I pay $275 a month and it will cost me $1,554 in interest (3.95%). Is this loan a good idea, and is…

How to get a bigger benefit from your RRSP contribution

Q. I am a hairdresser and my retired clients are telling me not to contribute to RRSPs because of all the tax they have to pay on withdrawals. Instead, they say I should contribute to a TFSA because the withdrawals are tax-free. What should I be doing? –Julie  A. Hi Julie. This may sound surprising…

Will your portfolio get jacked with Peloton?

A few years ago, I started working out. With high cholesterol running in my family and my body getting older, I decided it was time to start taking care of myself. I could never muster up the energy to go to a gym, so I enlisted a friend who would come to my house once…

The best mutual fund companies you’ve never heard of

It’s a sad fact Canadians are still saddled with some of the world’s most expensive mutual fund fees, even though several lesser-known independent fund companies provide quality active management at a reasonably low cost. Part of the problem is that Canadians place so much trust in the dominant and publicly owned banks, insurance companies and…

How to buy a used car

Reading Time: 4 mins Sponsored post from heycar The UK used car market is thriving at a time when sales of new cars continue to decline – but how do you make sure that you get the best possible deal on your next car? There were approximately eight million used car transactions in 2019 and…

Another Chance to Win £60 to spend on unique gifts from Atlantic Folk

Reading Time: 2 mins Because we got such a great response to this competition we’re running another one! Get another £60 gift card this week! The Prize AtlanticFolk.com is the new home of handmade and personalised presents and accessories, from artisan skincare to quirky gift sets. Browse gifts for family members, friends, colleagues or even…

Win a Theo Dash Cam

Reading Time: 2 mins Stay safe on the roads with this Theo Dash Cam. The Prize Theo, the video enabled smart in-car companion beats dashcams on connected benefits.  Professionally fitted to the windscreen of a car, Theo provides a whole range of benefits to keep motorists safe and protected.  Features include: Compact 4G connected device…

Why People Now Use Cashback Websites When Shopping Online

Reading Time: 3 mins When hearing the words “cashback schemes,” the first thing that pops up to mind is the idea of spending, then, eventually, recover the money through a reward or a discount. Well, you’re right on the mark, except for a tiny missing detail. What you’ll be spending isn’t similar to gambling, like…