Larry Swedroe exposes the misleading techniques used by FundQuest to make it seem that active mutual funds perform well. Larry gives a couple of simple examples that make it clear how biased the numbers become.
Bloomberg reports that three-quarters of Americans think that financial advisors have a fiduciary duty. This means they think that financial advisors have to put their clients’ interests ahead of their own. Of course, this isn’t true and the industry would fight hard against any such requirement.
Paul Waldie reports that 170,000 Canadians are targeted by CRA for bogus charitable donations. I find it amazing that people think that a scheme where you deduct more than you contribute could be legitimate.
Larry MacDonald (this web page has disappeared) summarizes the varying opinions on BetaPro’s new TSX 60 index fund (HXT).
Canadian Capitalist reports that TD Waterhouse is now offering trading on global stock markets, for a price.
John Heinzl makes a strong case for the need to educate yourself about investing and not trust an advisor too much.
Rob Carrick has some excellent advice on keeping fees to a minimum with your online broker.
Preet Banerjee says that training for financial advisors isn’t good enough. Perhaps the word “advisor” should be reserved for those who have more extensive training.
Big Cajun Man wonders why more people don’t take advantage of vendor point-based reward systems. I suspect the answer is a combination of “couldn’t be bothered” and “I just figured there would be some catch.”
Million Dollar Journey reviews a new Canadian low-cost brokerage, Virtual Brokers.
Thicken My Wallet makes the sensible suggestion to let others try out new types of financial products before investing in them yourself.
Money Smarts shows how to determine the value of a home renovation.
Financial Highway discusses some of the pros and cons of online banks that might not have occurred to you.