Lump-Sum Investing vs. Dollar-Cost Averaging: Revisited

Recapping the Earlier Post Earlier this month (July 2020) I compared the one-year return of the Vanguard Growth ETF Portfolio (VGRO) ending 2020-07-13 using a lump-sum investing approach versus a dollar-cost averaging approach. I invested a $60,000 inheritance in a TFSA in a single lump sum...

Read More

When should I begin taking CPP?

It is the nature of my profession that I read a lot about personal financial matters. One of the most difficult of such matters has to do with retirement. Financial economists will say that retirement planning is difficult because there are so many variables, or...

Read More

Lump-Sum Investing vs. Dollar-Cost Averaging

The Situation A relative of yours has died. You have received an inheritance. With that money, you have paid off your mortgage and your car loan. You have topped up your Registered Retirement Savings Plan (RRSP) and you have set aside six months of living expenses...

Read More

Selecting a Mutual Fund

Using a Screener Mutual funds play a dominant role in Canadians’ investing lives. Even for the self-directed investor, that is, someone who does not have an investment advisor recommending particular investments and who could therefore choose to invest in individual stocks, mutual funds continue to be...

Read More

Is your investment advisor legitimate?

Sources for checking on an advisor’s registration and disciplinary history I am a big fan of the combination of Do-It-Yourself (DIY) investing with Advice-Only, Fee-for-Service financial planning. I think it can be a cost-effective combination for many. On the other hand, there are many people who...

Read More

The Role of the Executor

An Introduction to Estate Planning – Part 5 Once you die perhaps the most obvious observation one can make is that you are no longer in charge. The only way to establish some degree of control over what happens to your assets, your estate, is to...

Read More

Charitable Giving

An Introduction to Estate Planning – Part 4 I read about a well-off senior couple who had four children. They decided to “adopt a fifth child” for estate planning purposes. This meant that, in their will, instead of distributing their assets four ways equally among their...

Read More

Children: Trusts and RESPs

AN INTRODUCTION TO ESTATE PLANNING – PART 3.2 In my last post, I discussed the importance of naming a guardian in your will, someone who will take care of your children if you die before they are old enough to take care of themselves. Another item...

Read More

CHILDREN: GUARDIANSHIP

AN INTRODUCTION TO ESTATE PLANNING – PART 3.1 When people get around to making a will, they often think of their family first. If they are married, they will think of their spouse first. Some assets can be inherited directly, outside of the will. Here I...

Read More