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Many people are surprised when they are told that they can have the same standard of living in retirement as their working years with only 50% of their working years income. Thankfully, actuaries have researched the spending habits of working age and retired Canadians. I’d like to provide you some evidence of their 50% rule conclusions to help convince you […]

William Bernstein is a well know personal finance writer who tries his best to convince people to save for retirement using low cost broadly diversified index funds.  He has written a few books on the topic but recently released a short e-book for young people who need help investing.   You could read this book and learn quite a bit on […]

Short answer. YES! Here’s the math. According to Morningstar, a financial website that knows everything about mutual funds and index funds, the average mutual fund in Canada has a Management Expense Ratio of 2.5%. That means for every dollar you have invested with this fund, they take 2.5% away each and every year. So if you give them $1000 in […]

Below you will find a blog post I wrote in June 2014 questioning the “expert” prediction of a well known and respected Canadian economist. His book sold incredibly well and I’m certain many people believed his predictions about oil prices heading for the stars and loaded up on oil stocks and oil company debt. A year and a half later, […]

One of the best books I’ve read on passive or index investing is The Elements of Investing by Burton Malkiel and Charles Ellis. The book is full of proof that buying mutual funds is a losers game for us, the investors. One point they discuss that is not widely considered is the significant capital gains taxes that mutual fund investors […]

Yesterday, my neighbour’s son was over for a visit. He’s a twenty something living in Newmarket, ON and working in construction. He is doing quite well for himself and was recently chosen to be trained as a foreman. We started talking about how frustrated he was with the price of real estate in the Toronto area and how we was […]

Investing doesn’t have to be complicated.  It shouldn’t be complicated but bankers and financial planners want to complicate things so you need to go to them for advice. Here’s the newest thing I’ve heard of with respect to simplifying investing, something I’m trying to do with my blog. The index card you see above came from a University of Chicago […]

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. Trying to time the market means trying to pick a time to buy your stocks, bond or etfs.  Typically investors want to buy stocks or etfs when the market has gone down thinking […]

  In this blog, I tell my readers that the Vanguard low cost index funds VCN, VXC and VAB are highly recommended by our investing all-stars. I personally own both VCN and VXC. However, I have recently stopped buying both and have replaced them with a relatively new product that I’d like to tell you about. It’s also important for […]

If you listen to mutual fund sales people and most of the mainstream media, you will often hear that people need to replace 70% of their income when they retire. We’ve already discussed why that number is not accurate. The point of this post is to show you exactly why saving to make up 70% of your working income is […]