Breaking Your Mortgage Contract

Low Interest Rates Make This an Option Worth Considering When my wife and I bought our first house, the interest rate was 7.5%. That sounds awfully high today when you can sometimes see mortgage rates posted for less than 2%. On the other hand, we were...

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Financial Elder Abuse

Several years ago, I received a phone call at the discount investing call centre where I worked. An older woman was on the line. She wanted to buy a particular investment. I noticed that she was being “coached” by someone near her on what she...

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Behavioural Finance: Investor Personality

Gender and Investing Writing on gender is almost guaranteed to get the author in hot water. What value is there in discerning differences between men and women? From the point of view of the investment advisor, it seems like another justification for stereotyping the client rather...

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Behavioural Finance: The End of Homo Economicus

Finance is Scary Financial matters tend to scare a lot of people away: “Finance is all about money and numbers. I don’t have enough of the former and I don’t understand the latter.” At least that is a common impression. The financial advice industry exists in...

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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...

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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...

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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...

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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...

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