Here are my posts for the past two weeks:
Recognition Points Update
Tangerine Adds Some New Fees
Retirement Spending Plan Question
Balance Transfer Offer
The Case for Delaying CPP and OAS to Age 70
Here are some short takes and some weekend reading:
Jason Zweig brings us the best mutual fund disclosure ever. Brutal honesty can be hilarious.
Larry Swedroe explains how mutual fund families use IPOs to juice the returns of new funds. He also shows how they shift returns from one fund to another with front-running: “A large fund family with a small-cap fund has the small-cap fund buy shares of stocks with a low market cap and limited liquidity. Other funds in the same family then pile in, buying more shares. The limited supply of stock allows the large fund family to drive up prices with relatively small purchases by each fund. The returns of the new fund then look great.”
Canadian Couch Potato uses his latest podcast to explain why active share have little predictive power for fund returns and takes a shot at Gordon Pape’s poor investment advice.
The Reformed Broker points out that U.S. household wealth grew by a staggering $40 trillion during Obama’s presidency. That’s quite a jump considering how his political enemies have had some success painting his financial impact as a negative. Of course, presidents have only a limited impact on the growth of wealth, even if they tend to get the credit or blame.
Retire Happy has a very clear explanation of the difference between a TFSA beneficiary and a TFSA successor holder. It pays to understand this difference.
Tim Cestnick describes an interesting trick to decide after the federal budget is announced whether to realize capital gains at the 50% inclusion rate that existed before the budget.
Squawkfox reports that 39% of Canadians don’t understand the benefits of paying more than the minimum credit card payment. She uses her engaging style to explain the benefits of paying more than the minimum.
Big Cajun Man has some tax tips including the fact that CRA offers auto-fill now. I was skeptical at first, but I’ve heard from others that it works well.
Boomer and Echo explain why a 4-minute portfolio is tough to beat.
My Own Advisor updates his progress on his 2017 financial goals. I really like his first goal: “Do not to incur any new debt.” He says this goal goes without saying, but it’s an important reminder for his readers. It only goes without saying for those who’ve already figured out how bad debt can be. More naive readers might find this goal enlightening.
The Blunt Bean Counter explains the tax consequences of borrowing from or lending to your small business.
Million Dollar Journey updates us on Frugal Trader’s progress to building enough portfolio income to make his family financially independent.