Author: Larry C.

3% Withdrawal rate appears almost bulletproof to avoid running out of money

Investing articles can be long and boring.  How about I read the article and provide you with the important information for DIY investing success. Here it is. If you have the misfortune of retiring when the stock market peaks and you see a big decline in your first few years of retirement, the safest way […]

It’s True. You Don’t Always Make Money on Real Estate

Investing articles can be long and boring.  How about I read the article and provide you with the important information for DIY investing success. Here it is: For the past 20 years many Canadians, especially those who live in Toronto and Vancouver has come to be convinced that you can’t lose money in real estate […]

What Warren Buffett will do with his money when he dies

Warren Buffett is widely regarded as the best stock picker in the world. For over 50 years he has very successfully operated Berkshire Hathaway as a holding company purchasing companies trading primarily on the New York Stock Exchange. When Warren is no longer buying and selling, he will place all his family money into only […]

Robots vs. the Canada Pension Plan

Humans are not robots.  They don’t always make rational decisions.  If you don’t believe this then you probably believe that the federal government’s plan to boost Canada Pension Plan (CPP) contributions and payouts doesn’t make sense.  In a perfectly rational world, Canadians will simply reduce their savings elsewhere to balance out the extra contributions they […]

Why You Don’t Need A Financial Advisor

A financial advisor provides you with advice on investments, taxes, and retirement spending.   My experience speaking to advisors and their customers has generally been positive.  Most customers believe they can trust their advisor to provide sound financial advice. The problem with financial advisors is the price they charge for this advice.  In two words:  REALLY […]

SunLife Financial Says Canadians Spend 62% of Their Working Income In Retirement

Aside from the actuaries I’ve highlighted in this blog (Malcolm Hamilton and Fred Vettese – our All Stars actuaries), this is the first time I’ve read an actual money manager admit that Canadians do not need 70 or 80 or even 100% of their working income to live well in retirement. And by living well, […]