Comments on: David Bach Interview http://www.canadiancapitalist.com/david-bach-interview/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eric http://www.canadiancapitalist.com/david-bach-interview/#comment-4431 Eric Sat, 24 Jun 2006 15:24:46 +0000 http://www.canadiancapitalist.com/2006/06/22/david-bach-interview#comment-4431 Thank you for bringing up the general malaise of the Investment industry in Canada. My 60 year old father recently visited Investors Group, whereby they tried to force him into a 60% fixed income strategy at age 60. The strategy earned a maximum of 5.5% annual return the past 3 years, even with a 40% stock allocation in the Canadian bull market of 2003-present. A simple spreadsheet suggesting that he will live to 90 due to his extremely good health suggests that by the time he is 90, he will die with $150k or less, which won't be much in 25-30 years. There is no reward without risk, but a more logical strategy would earn 8% and leave him with over a $ 1 million dollars at his death. None of the strategies today focus on the facts- clients live longer, prices are higher, and healthcare costs have and will go up. This means retirees need to invest with better investment allocations than their forefathers. This among other reasons is why I no longer hold my investments at Investors Group, but have chosen full control of them via an independent Canadian firm. More should do the same. Thank you for bringing up the general malaise of the Investment industry in Canada. My 60 year old father recently visited Investors Group, whereby they tried to force him into a 60% fixed income strategy at age 60. The strategy earned a maximum of 5.5% annual return the past 3 years, even with a 40% stock allocation in the Canadian bull market of 2003-present. A simple spreadsheet suggesting that he will live to 90 due to his extremely good health suggests that by the time he is 90, he will die with $150k or less, which won’t be much in 25-30 years. There is no reward without risk, but a more logical strategy would earn 8% and leave him with over a $ 1 million dollars at his death.

None of the strategies today focus on the facts- clients live longer, prices are higher, and healthcare costs have and will go up. This means retirees need to invest with better investment allocations than their forefathers.

This among other reasons is why I no longer hold my investments at Investors Group, but have chosen full control of them via an independent Canadian firm. More should do the same.

]]> By: Rick http://www.canadiancapitalist.com/david-bach-interview/#comment-4330 Rick Fri, 23 Jun 2006 05:29:25 +0000 http://www.canadiancapitalist.com/2006/06/22/david-bach-interview#comment-4330 they are all US ETFs. no international exposure. they are all US ETFs. no international exposure.

]]> By: James http://www.canadiancapitalist.com/david-bach-interview/#comment-4327 James Fri, 23 Jun 2006 05:14:44 +0000 http://www.canadiancapitalist.com/2006/06/22/david-bach-interview#comment-4327 Thanks, a good posting. I've been going over David Bach's Smart Couples Finish Rich, and am finding it actually very useful. So, whats the problem with his asset allocation and ETF reccomendations? They aren't sensitive to ones individual investing needs? Best, James Thanks, a good posting. I’ve been going over David Bach’s Smart Couples Finish Rich, and am finding it actually very useful.

So, whats the problem with his asset allocation and ETF reccomendations? They aren’t sensitive to ones individual investing needs?

Best,

James

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