Entries from April 2008

Still Sour on Group RESPs

April 30th, 2008 · 39 Comments

The more I learn about group RESPs, the less I like them. In the comments thread on an earlier post on Group RESP plans, a reader referred to the prospectus for the years 2000 to 2007 filed by the Canadian Scholarship Trust filed with SEDAR. I was initially excited to lay my hands on so [...]

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Tags: Investing · RESP

Global Housing Bust

April 30th, 2008 · 19 Comments

The news on the housing front out of the U.S. continues to be bleak – prices were down 12.7% on average in 20 markets in February 2008 compared to the same time last year, with prices dropping 20% or more in Las Vegas, Miami and Phoenix. In Canada, at least one analyst boldly declared the [...]

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Tags: Housing

Why Stock Market Predictions are Useless

April 28th, 2008 · 10 Comments

Responding to a question from a group of business students on what investors should do, Warren Buffett replied:
The answer is you don’t want investors to think that what they read today is important in terms of their investment strategy. Their investment strategy should factor in that [...] if you knew what was going to happen [...]

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Tags: Investing

Ideas for Your Tax Refund

April 27th, 2008 · 21 Comments

The nice thing about NETFILE is that if CRA owes you a refund, you can expect to receive it by direct deposit in about eight business days. I owed the CRA a bit of money this year but my wife got a big refund and we wondered what to do with it. Jon Chevreau writes [...]

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Tags: Canadian Interest

This and That

April 24th, 2008 · 11 Comments

Your taxes are due on or before April 30, 2008. If you haven’t done so already, now would be a good time to start working on your taxes. Tim Cestnick has tax tips for last-minute filers.
While the stock markets have recovered somewhat from the deep losses around the middle of March, Larry MacDonald writes that [...]

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Tags: Miscellaneous