Comments on: This and That http://www.canadiancapitalist.com/this-and-that-69/ Helping you invest and prosper Sat, 11 Feb 2012 12:40:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Todd http://www.canadiancapitalist.com/this-and-that-69/#comment-98387 Todd Wed, 02 Jan 2008 17:50:13 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-98387 Does anybody know what happens to an RESP if I (the account holder) dies? Does the account ownership transfer to my son without any tax implications? Does anybody know what happens to an RESP if I (the account holder) dies? Does the account ownership transfer to my son without any tax implications?

]]> By: Tall Poppy Syndrome http://www.canadiancapitalist.com/this-and-that-69/#comment-92606 Tall Poppy Syndrome Sun, 16 Dec 2007 00:05:58 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92606 [...] about Tall Poppy Syndrome again rushed to front of mind. Especially when I was reading through comments that others had about this controversial post. Should I list my net worth? Why would I be doing it? [...] [...] about Tall Poppy Syndrome again rushed to front of mind. Especially when I was reading through comments that others had about this controversial post. Should I list my net worth? Why would I be doing it? [...]

]]> By: thickenmywallet http://www.canadiancapitalist.com/this-and-that-69/#comment-92600 thickenmywallet Sat, 15 Dec 2007 22:47:05 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92600 Traciatrim: I would take a different take on Canadian Investors' comments. The more net worth you have, the more you are subject to nuisance and predatory litigation especially if you live in the U.S. So why invite such litigation? Traciatrim: I would take a different take on Canadian Investors’ comments. The more net worth you have, the more you are subject to nuisance and predatory litigation especially if you live in the U.S. So why invite such litigation?

]]> By: moneygardener http://www.canadiancapitalist.com/this-and-that-69/#comment-92598 moneygardener Sat, 15 Dec 2007 22:31:20 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92598 I like seeing net worth for any blogger that is willing to share.... I like seeing net worth for any blogger that is willing to share….

]]> By: Traciatim http://www.canadiancapitalist.com/this-and-that-69/#comment-92540 Traciatim Sat, 15 Dec 2007 16:28:04 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92540 "It seems also to be true that the greater the net worth of a person, the greater the reluctance to reveal it." I wonder if that has anything to do with the general populations resentment for other people's success. Maybe the high net worth individuals fear they will be shunned or hated by others for their success because of envy. 'Normal' people look at skinny fit people with resentment even though it takes patience, hard work, and discipline to be fit. 'Normal' people look at wealthy people with resentment even though it takes patience, hard work, and discipline to become wealthy. 'Normal' people look at people who succeed at work with resentment even though it takes patience, hard work, and discipline to get their promotions. I think I know what the 'norm' is . . . lack of patience, hard work, and discipline. Maybe should wake up and stop being normal so that I too can succeed. “It seems also to be true that the greater the net worth of a person, the greater the reluctance to reveal it.”

I wonder if that has anything to do with the general populations resentment for other people’s success. Maybe the high net worth individuals fear they will be shunned or hated by others for their success because of envy.

‘Normal’ people look at skinny fit people with resentment even though it takes patience, hard work, and discipline to be fit. ‘Normal’ people look at wealthy people with resentment even though it takes patience, hard work, and discipline to become wealthy. ‘Normal’ people look at people who succeed at work with resentment even though it takes patience, hard work, and discipline to get their promotions.

I think I know what the ‘norm’ is . . . lack of patience, hard work, and discipline. Maybe should wake up and stop being normal so that I too can succeed.

]]> By: CanadianInvestor http://www.canadiancapitalist.com/this-and-that-69/#comment-92528 CanadianInvestor Sat, 15 Dec 2007 15:00:03 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92528 Net worth would be more interesting and relevant if the sources of the wealth were revealed. For investing, I pay a lot more attention to the sayings of Warren Buffett than Bill Gates. For making money on software, it's the reverse. It seems also to be true that the greater the net worth of a person, the greater the reluctance to reveal it. Net worth would be more interesting and relevant if the sources of the wealth were revealed. For investing, I pay a lot more attention to the sayings of Warren Buffett than Bill Gates. For making money on software, it’s the reverse. It seems also to be true that the greater the net worth of a person, the greater the reluctance to reveal it.

]]> By: FourPillars http://www.canadiancapitalist.com/this-and-that-69/#comment-92444 FourPillars Sat, 15 Dec 2007 00:46:49 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92444 Phil, I did find those stats quite interesting and compared myself to them as well. Mike Phil, I did find those stats quite interesting and compared myself to them as well.

Mike

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-69/#comment-92436 Phil S Fri, 14 Dec 2007 23:46:41 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92436 Good point telly. I guess I just wasn't in the pension frame of mind. My father also retired with a pension, but he was a government employee so I figured he was more of an exception to the rule. To FourPillars. It is useless, but still it's an interesting read. They have a table that shows the net worth of the wealthiest 20% of Canadians by age group and it shows: Under 35 = $89,700+ net worth 35-44 = $309,200+ net worth 45-54 = $516,300+ net worth 55-64 = $965,000+ net worth If you beat this benchmark, then at least you know that you're wealthier than 80% of Canadians in your age group. Don't you find those statistics interesting? I certainly do...! So whenever I'm feeling like I'm just "slaving away for the man", at least I can say that I'm getting further ahead than 80% of my peers... And suddenly things don't seem so bad. Good point telly. I guess I just wasn’t in the pension frame of mind. My father also retired with a pension, but he was a government employee so I figured he was more of an exception to the rule.

To FourPillars. It is useless, but still it’s an interesting read. They have a table that shows the net worth of the wealthiest 20% of Canadians by age group and it shows:

Under 35 = $89,700+ net worth
35-44 = $309,200+ net worth
45-54 = $516,300+ net worth
55-64 = $965,000+ net worth

If you beat this benchmark, then at least you know that you’re wealthier than 80% of Canadians in your age group. Don’t you find those statistics interesting? I certainly do…! So whenever I’m feeling like I’m just “slaving away for the man”, at least I can say that I’m getting further ahead than 80% of my peers… And suddenly things don’t seem so bad.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-69/#comment-92429 Canadian Capitalist Fri, 14 Dec 2007 23:16:14 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92429 Thicken: I was very surprised that the adviser said "better than govt. bonds". IMO, unlike the government, businesses don't have taxation powers and can never be considered as safe as government bonds. Phil: Malcolm Hamilton's report on senior finances shows that seniors have more after-tax income than working Canadians. Coupled with the fact that the big spending years are well behind, it looks like retired senior citizens don't really need all that much to live on. Thicken: I was very surprised that the adviser said “better than govt. bonds”. IMO, unlike the government, businesses don’t have taxation powers and can never be considered as safe as government bonds.

Phil: Malcolm Hamilton’s report on senior finances shows that seniors have more after-tax income than working Canadians. Coupled with the fact that the big spending years are well behind, it looks like retired senior citizens don’t really need all that much to live on.

]]> By: boring investing — award tour http://www.canadiancapitalist.com/this-and-that-69/#comment-92426 boring investing — award tour Fri, 14 Dec 2007 22:42:33 +0000 http://www.canadiancapitalist.com/2007/12/14/this-and-that-69#comment-92426 [...] Capitalist blog has a great news round-up post which pointed out some really interesting articles about personal investing and what not to [...] [...] Capitalist blog has a great news round-up post which pointed out some really interesting articles about personal investing and what not to [...]

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