I had the opportunity to give an invited talk to an investment club called the Ottawa Share Club on Wednesday night. I was peppered with many interesting questions some of which are likely to inspire future posts on this blog. Many thanks to the club members and specifically co-founder James Palmer for the invitation.
1. Rob Carrick explains why you can save money by paying explicitly for financial advice rather than taking seemingly free advice.
2. The Canadian Capitalist blog has been going strong for 5 years and is giving away $500 to celebrate. Congratulations on 5 years of sound information and analysis.
3. Jonathan Chevreau notes that the recent bear market has motivated financial advisors to recommend more alternative investments (the web page with this article has disappeared since the time of writing). I think this characterization is too charitable for financial advisors. Clients are more inclined to buy alternative investments because of the perception that standard investments don’t work any more. Financial advisors are willing to sell whatever the client will buy as long as the advisors make money from it. My characterization may be a little too uncharitable, but I bet it’s closer to the truth.
4. Canadian Financial DIY reports on research into how long it takes for stocks to give positive real returns. This should resonate with investors who have little stomach for volatility.
5. Preet has a guest writer, Ken Kivenko, to explain how you can get hit with tax distributions from mutual funds even if you didn’t own the mutual fund when it earned the income.
6. Larry MacDonald looks at the issue of whether to go with a bond ETF or a bond ladder. I think he’s overdoing it by having 10 bonds in the bond ladder, but seeking to minimize costs is definitely the right approach.
7. If you enjoy a good rant, check out the latter half of Potato’s discussion of searching for housing and dealing with real estate agents.
8. For more ranting, have a look at the Big Cajun Man’s thoughts on gifts to charity in lieu of presents and battling with Bell. You may or may not agree with him, but he is funny.
9. Do you make a lot of transactions in your bank account and want to minimize fees? Guest writer Kathryn at Million Dollar Journey has information on unlimited banking packages and how to get the fees waived at major Canadian banks.