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Category: Uncategorized

Why The 70% Rule Doesn’t Make Sense
February 1, 2021December 27, 2020

Why The 70% Rule Doesn’t Make Sense

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 […]

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Investing Well.  If it’s so simple, how come almost no one does it?
January 15, 2021December 27, 2020

Investing Well. If it’s so simple, how come almost no one does it?

Easy recipe for investing success: Save 10% of your income. Every once in a while buy the Vanguard product with the symbol VGRO. Do this over and over again, every year for 40 years and there’s a really good chance you won’t have to worry about money when you stop working. It seems so simple.  This is the sort of […]

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A Fantastic Calculator to Help You Decide How Much to Spend In Retirement
January 2, 2021December 27, 2020

A Fantastic Calculator to Help You Decide How Much to Spend In Retirement

If you are close to retirement, I recommend you try out this retirement spending calculator created by Morneau Shepell, a large Canadian human resource company.  It’s the most involved and accurate calculator I’ve discovered for Canadians. The man behind the calculator is the recently retired chief actuary at Morneau Shepell, Fred Vettese, (author of The Real Retirement, a fantastic book […]

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December 29, 2020December 29, 2020

Start early in life to become a millionaire.

Who wants to be a millionaire?  If you do, it’s very helpful to start investing when you’re young.  18 years old young.  Watch the video to see the math behind the idea. Larry C.I’m a department head for a high school in Toronto. I graduated from the Ivey School of Business at Western University and have been a DIY investor […]

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Do I Need To Save For Retirement If I Have A Pension Plan At Work
December 2, 2020December 28, 2020

Do I Need To Save For Retirement If I Have A Pension Plan At Work

Do I Need To Save For Retirement If I Have A Pension Plan At Work First of all, consider yourself lucky that you are one of the few remaining workers in Canada that can still count on a pension plan at work. The once common defined benefit pension plan that paid out a guaranteed amount to a retiree every year […]

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How Actuaries Come Up With The 50% Rule
November 16, 2020October 28, 2020

How Actuaries Come Up With The 50% Rule

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 […]

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“If You Can” by William Bernstein
October 28, 2020October 28, 2020

“If You Can” by William Bernstein

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 […]

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Can Your Really Save $250,000 By Doing-It-Yourself
October 23, 2020December 28, 2020

Can Your Really Save $250,000 By Doing-It-Yourself

Can Your Really Save $250,000 By Doing-It-Yourself 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. […]

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Stop Listening to People Who Say They Can Predict the Future
September 7, 2020July 4, 2020

Stop Listening to People Who Say They Can Predict the Future

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, […]

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Capital Gains Taxes: Another Reason Vanguard Detroys Mutual Funds
August 24, 2020July 4, 2020

Capital Gains Taxes: Another Reason Vanguard Detroys Mutual Funds

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 […]

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