Comments on: This and That: Mark Carney’s wise counsel and more… http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Melanie Samson http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-207070 Melanie Samson Sun, 20 Dec 2009 20:42:41 +0000 http://www.canadiancapitalist.com/?p=3256#comment-207070 Thanks for fixing the link. I've never followed Bank of Canada publications before and I'm pleasantly surprised to see that it's quite accessible. Thanks for fixing the link. I’ve never followed Bank of Canada publications before and I’m pleasantly surprised to see that it’s quite accessible.

]]> By: Doctor Stock http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-207044 Doctor Stock Sun, 20 Dec 2009 04:48:52 +0000 http://www.canadiancapitalist.com/?p=3256#comment-207044 Some great posts to review... thanks! Some great posts to review… thanks!

]]> By: Million Dollar Journey http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-207042 Million Dollar Journey Sun, 20 Dec 2009 02:49:06 +0000 http://www.canadiancapitalist.com/?p=3256#comment-207042 Thanks for highlighting Kathryn's article! Thanks for highlighting Kathryn’s article!

]]> By: Phil S http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206988 Phil S Sat, 19 Dec 2009 00:40:16 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206988 On the whole mutual fund issue, I'd have to say that if the financial advisor that was assigned to me by my employer in the Group RSP plan put me in mutual funds that didn't continuously underperform... I would probably still be part of the general public that doesn't really care too much about what investments I'm in... About 15 yrs ago, I generally only looked over my statements every month when I received them and after a couple years of seeing my funds go down when the markets went down - then when the markets went up my funds still went down... That's when I really started to ask a lot of questions and prompted me to eventually dump my mutual funds, dump my advisor, dump the Group RSP plan and grab hold of my own financial destiny. As a result, I can actually kind of relate a bit to the apathetic crowd out there who just dump money into mutual funds set up for them by an advisor and never think twice about it - as I used to be one of them! It is easy to just want to "leave it to the experts", so to speak, so that you can concentrate on your own career rather than to have to research and trade stocks and bonds and closely watch the direction of interest rates and inflation and all that stuff. I can imagine that activity while sitting on top of the stresses of a non-financial industry career, plus stresses on the home front and family and friends all taking its toll and making people want to just throw their hands up in despair and leave it to the so-called "experts". On the whole mutual fund issue, I’d have to say that if the financial advisor that was assigned to me by my employer in the Group RSP plan put me in mutual funds that didn’t continuously underperform… I would probably still be part of the general public that doesn’t really care too much about what investments I’m in…

About 15 yrs ago, I generally only looked over my statements every month when I received them and after a couple years of seeing my funds go down when the markets went down – then when the markets went up my funds still went down… That’s when I really started to ask a lot of questions and prompted me to eventually dump my mutual funds, dump my advisor, dump the Group RSP plan and grab hold of my own financial destiny.

As a result, I can actually kind of relate a bit to the apathetic crowd out there who just dump money into mutual funds set up for them by an advisor and never think twice about it – as I used to be one of them! It is easy to just want to “leave it to the experts”, so to speak, so that you can concentrate on your own career rather than to have to research and trade stocks and bonds and closely watch the direction of interest rates and inflation and all that stuff. I can imagine that activity while sitting on top of the stresses of a non-financial industry career, plus stresses on the home front and family and friends all taking its toll and making people want to just throw their hands up in despair and leave it to the so-called “experts”.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206977 Canadian Capitalist Fri, 18 Dec 2009 20:48:58 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206977 Melanie: Thanks. I've fixed it but here it is anyway: http://www.bankofcanada.ca/en/speeches/2009/sp161209.html Melanie: Thanks. I’ve fixed it but here it is anyway:

http://www.bankofcanada.ca/en/speeches/2009/sp161209.html

]]> By: Melanie Samson http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206969 Melanie Samson Fri, 18 Dec 2009 19:44:17 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206969 I think your first link is broken. And I'd like to read it :P I think your first link is broken. And I’d like to read it :P

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206959 Canadian Capitalist Fri, 18 Dec 2009 18:11:41 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206959 @Fred: Yes, there is no mass movement from investing in traditional mutual funds through an advisor to indexing yet. But more investors are figuring out the high cost of traditional mutual funds. And now there are advisors offering passive investment, so there is hope :) @Fred: Yes, there is no mass movement from investing in traditional mutual funds through an advisor to indexing yet. But more investors are figuring out the high cost of traditional mutual funds. And now there are advisors offering passive investment, so there is hope :)

]]> By: Squawkfox http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206955 Squawkfox Fri, 18 Dec 2009 16:55:13 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206955 Hi Ram! Thanks so much for the linky mention. I do believe that many Canadians are waking up to the return-eating-fees charged by their mutual funds. With the explosion of new ETFs onto the market, I'd have to wager that there's a market for a new type of investor. :) Have an awesome weekend! Hi Ram! Thanks so much for the linky mention. I do believe that many Canadians are waking up to the return-eating-fees charged by their mutual funds. With the explosion of new ETFs onto the market, I’d have to wager that there’s a market for a new type of investor. :) Have an awesome weekend!

]]> By: Thicken My Wallet http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206951 Thicken My Wallet Fri, 18 Dec 2009 15:44:52 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206951 CC- Thanks for the mention. All the best to you and your family this season. CC- Thanks for the mention. All the best to you and your family this season.

]]> By: Michael James http://www.canadiancapitalist.com/this-and-that-mark-carneys-wise-counsel-and-more/#comment-206943 Michael James Fri, 18 Dec 2009 13:09:53 +0000 http://www.canadiancapitalist.com/?p=3256#comment-206943 Thanks for the mention, CC. I think Fred is probably right that people who use an advisor to buy mutual funds will probably continue to do so. Maybe there is more hope for the generation just starting out with investing. Thanks for the mention, CC. I think Fred is probably right that people who use an advisor to buy mutual funds will probably continue to do so. Maybe there is more hope for the generation just starting out with investing.

]]>