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How to EASILY Outperform Robo-Advisors
It is EASY to outperform robo-advisors? Why? They don’t even try to outperform. They try for: “Reasonable return with less risk”. You would think robo-advisors would just invest in a few broad indexes, but often they don’t. And they require you to invest in bonds no matter how high your risk tolerance. Robo-advisors are big…
Read More5-Year Fixed Mortgage Trap
The average Canadian wastes $22,000 after tax during their life for every $100,000 of their mortgage and takes 38 months longer to pay it off, according to a study by Moshe Milevsky. This is because of taking 5-year fixed mortgages instead of variable. They are marketed as being safe and a good protection against a…
Read MoreSmith Manoeuvre or Smith Maneuver?
Why the two spellings and which is correct? This strategy (which I’m most known for), helps Canadian homeowners make their mortgages tax deductible in a simple way. What’s the proper spelling? Who pioneered this legal strategy? Does it work in Quebec? Can you use it if you live in the United States? All these questions…
Read MoreAsset Allocation Loss Ratio (AALR) – What Is It & How Does It Help You?
When you go to any investment firm, they require you to fill out & sign a Risk Tolerance Questionnaire of some kind. The purpose is to prevent you from investing too aggressively. This can be important, because you might sell a more aggressive investment when it is down and lose money. However, there are 2…
Read MoreHow to EASILY Outperform Index Investors
It is EASY to outperform index investors? Why? You would think that people that consider themselves “index investors” would just own 1 or 2 broad indexes and try for the index return. However the ones I see usually do not invest this way. Most of them have suboptimal portfolios that may contain: 1/ Bonds –…
Read MoreGambling, Speculating, Saving & Investing. What’s the difference?
How should you invest your money? If you don’t invest wisely, it will be hard to fund your future. There are always new areas you can put your money into, but are they worthwhile long-term? In my latest video and podcast episode, I look at all the possible areas to invest your money and fit…
Read MoreHow to Easily Outperform Financial Advisors, Robo-Advisors & Index Investors
Financial freedom is what we all want. We talk to people about their finances all the time and most people just want to know that their money is there, and they can live their life the way they want, but very few Canadians actually get there. Why? Most Canadians are not financially secure because of…
Read More2 Things You Must Focus on to Be Financially Secure
Do you feel financially secure? What would it take for you to build a huge nest egg to become financially secure? Conventional wisdom says it’s mostly about investing better. It suggests you should focus on getting a higher return or lower fees. Prefer an overview? Like videos? Listening to podcasts? Check out our whiteboard video,…
Read MoreRRSP Gross-up Strategy – Easily Contribute 40-70% More to Your RRSP (2024)
The RRSP Gross-up Strategy is a relatively simple concept that can help you contribute 40-70% more to your RRSP, without using any more of your cash. Do this every year and you can retire with 40-70% higher income for life! RRSP Gross-up Strategy (2024) – Easily Contribute 40-70% More to Your RRSP Tax refund options…
Read MoreRRSP Gross-up Strategy – Easily Contribute 40-70% More to Your RRSP (Updated)
Wouldn’t it be great if you could save a lot more for your future without affecting your day-to-day cash flow? One of the main things you learn from your retirement plan is that you need a lot more to retire comfortably than you may have thought. But with all the day-to-day expenses, it can be…
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