Posts by Ed Rempel
The One Gigantic Mistake You (and Your Advisor) Keep Making
You review your investments and notice that one is not doing well. You sell and buy a different investment that has been doing well for a few years. You heard favourable news in the media, internet or from your advisor related to the new investment. That’s it! That is the gigantic mistake you keep…
Read MoreWhy Paying Off Your Student Loan is the Worst Thing to Do
Have you heard the story of the “Frustrated Student Loan Payer”? I have seen this story 100 times in real life. A smart kid goes to university and graduates with a large student loan. She spends several years working to pay off the loan. While paying off the loan: She delays becoming independent and stays…
Read MoreOfficial Launch of my blog! Win a $100 Gift Certificate for The Keg. Sign up for updates by email by May 31 to enter
This is the official launch of my new blog – Unconventional Wisdom – Insights from Experience on Building Financial Security. It is a new resource for people looking to learn how to achieve financial freedom. This is also the place you can get real answers to those financial issues…
Read MoreThe Huddle – Open Forum
Most people have burning questions about their money. The most common are: Worrying about cash flow being tight. Worrying about paying debts. Worrying about outside forces that could hurt you, such as unemployment (if the economy goes into recession) or the risk of losing money with your investments. Worrying that you are not getting ahead. Wanting…
Read MoreHow Come I’m Not Rich?
“90% of putts that are short don’t go in.” – Yogi Berra Why are some people able to become wealthy relatively easily, when most people struggle with their finances? In Canada, about 1 person in 50 is a millionaire and in the US about 1 person in 13 is millionaire* – which is probably a…
Read MoreAre you too focused on Risk Reduction vs. Growth?
A few years ago, we held a client event that highlighted the difference between how different types of investors think. I had invited my favourite Hedge Fund Manager and my favourite Growth Fund Manager. It was the contrast in their thinking that I found fascinating. Read more…
Read MoreHow to Read and Understand Business News
Do you ever read the business news and find yourself wondering exactly what you should or shouldn’t believe? Do you find yourself thinking there is a “big picture” behind the story and you just don’t know what it is?
Read MoreCapital Gains Refund Mechanism – Why Mutual Fund and ETF Investors Potentially Pay Less Tax
When I see tax returns for do-it-yourself investors, I am often struck by how much tax they pay on their investments. Many high net worth investors also pay a lot of tax on their investments. However, when I see tax returns for mutual fund investors, most of the time they pay very little tax on their investment…
Read MoreAchieving Peace of Mind
Worried about debts? Do you know when or even if you can retire? Most Canadians do not feel secure financially because they look for security in all the wrong places. The conventional wisdom is to focus on paying off debts & buying “safe” investments, while not knowing if either of these strategies will pay off…
Read MoreTax Refund is NOT a Benefit of RRSPs
Getting a tax refund is one of the main motivators for contributing to RRSPs. However, there are two main benefits of RRSPs and the tax refund is not one of them. The benefits of RRSPs are: Tax-free growth (same as the TFSA). Tax gain or loss depending on your post-retirement tax bracket when you withdraw…
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