1. Preet describes detailed procedures for doing a background check on your financial advisor.
2. Jason Zwieg thinks the idea of making investment advisors bear a fiduciary duty to their clients is worth considering.
3. Thicken My Wallet makes a convincing case that investors of average means have little choice but to become DIY investors because, on average, they can’t get access to competent financial advisors.
4. Rob Carrick argues that predictions of rising interest rates haven’t been bad predictions, but rather that their timing was off. As someone who makes no financial bets on interest rate predictions, I can see this logic from my detached point of view, but for someone who made financial moves designed to exploit rising interest rates, there is little difference between bad predictions and bad timing: both mean lost money.
5. Canadian Mortgage Trends gives some insight into the incentives lenders offer to mortgage brokers to stick customers with above-market interest rates.
6. Larry Swedroe aims his sound reasoning at the “sell in May” strategy explaining that it has no historical supporting evidence. He then goes on to show the techniques that can be used to manufacture false evidence to support the strategy.
7. Canadian Financial DIY makes the case that the standard discount broker comparison charts should take into account currency-conversion spreads and whether the brokerage allows US dollars in RRSPs.
8. Potato has some fun with the assertion that immigration will prevent housing prices from dropping with his argument that immigrants are not stupid.
9. Larry MacDonald has 8 tips for reducing rebalancing costs. This is an excellent list, but I’m not a fan of point number 5. As I’ve argued before, I think that rebalancing should be driven by prices rather than the calendar.
10. Big Cajun Man reviews the video Madoff and the Scamming of America.
11. Balance Junkie explains the rules surrounding TFSA withdrawals.
12. Million Dollar Journey explains the use of put options to protect your portfolio.
13. Ellen Roseman has some customer complaints about another of Bell’s attempts to increase the size of the bills they charge their customers.