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moneysense.ca, 24/06/10
This and That: TFSA Returns and more…
- Are you one of the taxpayers who inadvertently overcontributed to your TFSA. The Canada Revenue Agency explains what steps you should take next.
- Want to become a landlord? You might be interested in learning about capitalization rates, return on investments etc.
- Thicken My Wallet wrote an useful post on how to minimize the risk of having too many original wills.
- Money Smarts Blog rounds up the low cost ways to buy dividend stocks. DRIPs and SPPs are one more low cost way to accumulate dividend payers.
- If dividends are your thing, the Think Dividends Blog is an excellent resource to keep up with dividend strategies, dividend hikes and yes dividend cuts too.
- Believe it or not, a poster on the Canadian Financial Blog is already (financially) preparing for Christmas.
- Michael James rips apart the buy GICs and nothing else advice purveyed by the likes of David Trahair.
- Blessed by the Potato has an unconventional take retirement planning and the afterlife.
- With Ottawa experiencing an earthquake this week, Canadian Financial Stuff thinks about earthquake insurance.
- Larry MacDonald points out that Canadians should keep in mind that the CPP comes with its own set of risks when discussing its expansion.
Just a quick reminder that you can read my posts in your favourite reader or delivered by e-mail. Have a great weekend everyone!
moneysense.ca, 24/06/10
Thanks a lot for the link.
Have a great weekend.
Mike
Thanks for the mention CC!
Thanks for the mention, still no aftershocks!
Thanks for the mention. It’s good that CRA has provided some instructions for how to object to the TFSA tax. My ongoing experience in dealing with CRA has been an eye-opener — talk to n people and get n+1 different answers.
Yeah, I’m wondering how much those earthquake premiums are. I did have for a moment in the midst of the shaking a vision of a house reduced to rubble, and being out of pocket a few hundred grand.
[...] This post was mentioned on Twitter by Canadian Capitalist, bigcajunman. bigcajunman said: RT @CCapitalist New Blog Post: This and That: TFSA Returns and more… http://bit.ly/bE5Is9, lots of excellent articles. [...]
A “GIC-only” investment portfolio is really only appropriate for the investor for whom capital preservation is the #1 investment consideration and cannot stomach one iota of market volatility. Even so, a GIC-only investor should make special note that the CDIC insurance coverage tops out at $100K. So, when your investment portfolio gets anywhere near that amount, you need to open up an account at a different institution.
Even as a confirmed stock picker, I hold GICs in my RSP portfolio for diversification. I think it currently represents about 15% of my total asset allocation. In another year, my GIC ladder will finally be complete – so I will have a GIC maturing every year and a new contribution going in every year. A nice continually rolling laddered structure.
Thanks for the link. Enjoy the weekend.
@Phil: I agree. I wonder how many investors took DT’s advice and dumped their portfolios and moved to GICs only to miss one of the strongest rallies ever. This goes to show that even well meaning folks can have a very harmful effect on investors.