Wealthy Boomer takes off the gloves in an exchange with Investors Group over sky-high mutual fund MERs and a questionable commitment to Canadians’ financial literacy. The truth is that Investors Group profits greatly from their clients’ lack of understanding of important investing facts.
Big Cajun Man created an amusing flowchart of financial planning in families. I fear that many people follow this flowchart.
The Blunt Bean Counter explains that while he is moving to passive investing, he plans to be a stock-picker for a small fraction of his portfolio for the excitement.
Canadian Capitalist likes Ally's high savings account interest rates and wonders why it isn't more popular.
Retire Happy Blog explains some model investment portfolios. He gives a range from conservative to aggressive. There are higher levels, though. If you borrow to invest, such as with the Smith Manoeuvre, you are moving into the hyper-aggressive range. I think leveraged schemes might be less popular if people understood how risky they are.
Larry MacDonald reviews David Trahair's new book Crushing Debt: Why Canadians Should Drop Everything and Pay Off Debt. The Wealthy Boomer reviewed this book as well.
Million Dollar Journey reviewed Derek Foster's new book The Worried Boomer.
Preet Banerjee gave us a look into the complex world of interest rate swap dealers.