I gave a warning about misusing TFSAs this week:
Two Common Misconceptions about TFSAs
Here are my short takes and some weekend reading:
Tom Bradley at Steadyhand makes a strong case that the mutual fund industry has lost its chance to create practices that are friendly to investors. He says that regulators need to cause a transition in the industry that is “jolting, expensive and soul searching.”
Million Dollar Journey compares the top Canadian brokerages that offer U.S. Dollar RRSPs. He compares them on fees and on how well they handle currency exchanges between Canadian and U.S. dollars. The Globe and Mail has also come out with its 2013 ranking of online brokerages.
Larry MacDonald explains why tax-loss selling is not as valuable as it appears to be.
Retire Happy Blog does a good job of interpreting the latest SPIVA scorecard comparing active versus passive investing. The 5-year results look quite dismal for active investors.
Canadian Couch Potato explains the hidden cost of bid-ask spreads when trading. I wrote about this topic myself in the early days of this blog.
Big Cajun Man takes a look at the “4% rule” for drawing an income from your savings in retirement.
My Own Advisor gives us a primer on TFSAs.