Blue Hedge Investments are shaking things up in the Canadian investment landscape. I've had a few people express concern that I've either lost my mind or have sold out to scam artists. Click on "INVEST NOW!" to see what this is about.
Larry Swedroe reports that hedge funds had another lousy year.
The Blunt Bean Counter warns that new rules could lead to punitive taxes for incorporated contractors who are declared “incorporated employees” by CRA.
Larry MacDonald reports that most Boomers are still getting advice suitable for the accumulation phase of their lives rather than advice suitable for heading into retirement. Sadly for too many Boomers, this isn’t too much of a problem because they haven’t saved enough to retire yet.
Potato has some interesting thoughts on the debate about whether to prepare for financial emergencies with cash savings or a line of credit. He believes that it makes more sense to invest extra cash above one month of emergency savings. I think this depends on your situation in life. As many experienced tech workers with high-paying jobs found out a decade ago, your job can disappear and it can take years to find a new one at just 75% of your previous pay at the same time that your stock investments tank badly. I agree that emergency preparedness should be a combination of cash and a line of credit, but the appropriate cash amount can be very different from one person to the next. My cash buffer varies, but it is rarely under $20,000. When I was in my twenties, I considered a cash buffer of $1000 to be quite a lot.
Retire Happy Blog makes the case for low cost passive investing based on 20 years of experience in the investment industry.
Preet Banerjee reports that higher commodity prices are driving up food prices and we’ll see higher restaurant prices as well.
Big Cajun Man is trying to coordinate the federal government and his bank to sort out his pension and RRSP savings. He’s only been at it for a couple of years, so he’s probably got a while to go yet before things settle down.
My Own Advisor reports on the austerity measures planned for Greece including a 20% public-sector wage cut. This is some painful fallout from ignoring growing public debt.
Million Dollar Journey answers some investing questions from a new grad just entering the job market.