This week I wrote only one post on the reason why trying hard at picking stocks isn’t likely to benefit most investors:
Trying Hard at Stock Picking Doesn’t Help Much
Here are some short takes and some weekend reading:
Justin Bender reports that when RBC Direct Investing tracks the book value of its clients’ holdings, it isn’t converting each transaction into Canadian dollars as required by CRA. Justin doubts that most DIY investors are making proper currency adjustments. Am I one of the few people who looks up the Bank of Canada daily exchange rates to get my taxes right? One thing I’ve never understood is why the Bank of Canada limits their daily exchange rate data to the past 10 years. Why not just give us access to all the data they have? The cost of the extra storage would be a tiny fraction of a penny.
Preet Banerjee has a video explaining all the different costs that come into play when you sell a house and buy another one. His conclusion: stay put as much as possible.
Frugal Trader at Million Dollar Journey gives us a peek into how he has run his personal finances over the years. I see a lot of similarities between his situation and mine (family of 4, lived off only one income, aggressively paid off debt) and some differences as well (he controls spending with a tight budget; my wife and I have no budget and just don’t bother to spend much).
Big Cajun Man explains his best financial decision ever.
Boomer and Echo explain the benefits of setting up an RESP for your children.
My Own Advisor takes some reader questions about how he handles his portfolio.