1. Frontline, a program on PBS, featured a story called The Retirement Gamble (the show itself may not be available to all readers) recently. The program takes a hard-hitting look at the state of retirement savings in America: too many people don’t save enough and those that do save are not investing it wisely or are getting fleeced by the financial industry. A cool graphic available here as a web extra, takes a stab at showing how much retirement fees are really costing you. Don’t let this happen to you.

2. A New York Times article profiled a money management firm that has an unique sales pitch by showing their expected returns after fees, taxes and inflation. Hint: Real returns are going to be rather modest.

3. This column in The Wall Street Journal says that stocks and bonds are pricing in divergent scenarios and one or both markets could turn out to be wrong.

4. Here’s a sobering article that points out that accumulating a $1 million nest egg isn’t as easy as the financial industry makes it out to be from a surprising source: CNBC.

5. Fortune magazine ran a story alleging long-term criminal fraud at Ranbaxy Labs, whose generic medicines appear to be widely prescribed in Canada as well. One wonders, what, if anything, Canadian authorities are doing to keep our medicines safe and efficacious.

6. The Economist magazine ran an update to its story on global real estate with valuation estimates based on rents and income. The Canadian housing market ranks high among the most richly valued markets.

7. The global financial crisis dealt only a glancing blow to Canada compared to many other developed markets. Outgoing Bank of Canada Governor Mark Carney explained why in a recent speech.

8. Rich people are different from you and me. They lose more money in investing quipped Dan Solin, in a talk to clients of PWL Capital this week. Michael James on Money reported on the talk and a local radio station did a short interview with Mr. Solin.

9. Tom Bradley of Steadyhand Funds has put out a report called Five Essential Elements to Being a Better Investor. It contains sensible advice for keeping your emotions in check, a key to becoming a better investor.

10. Now for something completely different: Jon Stewart ran a funny piece on the troubles surrounding Toronto Mayor Rob Ford.

This article has 4 comments

  1. I found the CNBC article interesting. If you try to become a millionaire by clever investing to beat the market, then success is almost impossible to achieve. However, if you just live on two-thirds of your income (without accumulating any debt) for 3 decades, it’s almost impossible not to become a millionaire.

    • Canadian Capitalist

      Agree Michael. As an added bonus, living on much less than income means one has to accumulate less as well. It is a double bonus!

  2. The PBS program The Retirement Gamble had many important points and information that many investors have no idea about.The impact of annual fees on your investments ,MER’s,over diversification by duplication of similar mutual funds and other investments,putting all of one’s assets or investments in one company stock.Also, investors not knowing and understanding what the investments they have in their portfolio,not selling a winner or group of winners in your portfolio by not taking profits, not buying products that have high surrender or redemption fees and interest rates that are not fixed and fall year after year and can vary.

    Finally, people have no idea of what amount they would need to save for retirement or can’t save what an adviser tells them they need to retire so they feel discouraged and give up not even trying.I have been listening to Bob Brinker’s Moneytalk radio show since 1994 and all the information about using index investing mutual funds,ETF’s to keep costs low through Vanguard,putting maximum 4.00% in a company stock,the high costs and fees of managed funds and sub par performance, be careful of variable annuities and other annuities with their high costs and fees,shop around for bond purchases as commissions and fees can vary greatly,don’t borrow against your primary residence to buy stocks or any investments,using zero U.S. coupon bonds for tax sheltered accounts when interest rates were higher,maximize Roth’s ,401k’s,403b’s,IRA’s etc.Using GNMAE’s for a part of your fixed income portion allocation.

    I can go on and on but I learned a lot from this radio show and he still explains that you first should get educated about investing and then use your savings to invest afterwards.He has a reading recommendation list and has many guests and economic,tax,financia discussions,geopolitical about interest rates,mortgage rates,government deficits and spending,U.S. government debt,oil and energy prices,real estate prices and mortgages,monetary policy,Government dysfunction etc.

    • Canadian Capitalist

      @Don Listar: I haven’t heard the MoneyTalk radio show but hard to disagree with your list of financial do’s and don’ts. Also agree that getting educated about investing is a must in a world where we are pretty much on our own. Fortunately, there are lot of resources available for those who are motivated to educate themselves.