May 10 2014


Can Canadian Expats Enjoy The Most Tax Free Portfolio In the World?


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Horizon Canada just offered a swap based Canadian bond ETF, which will be trading on the Toronto stock exchange tomorrow.

Horizon already offers a Canadian and U.S. swap-based stock ETF.  By coupling these equity indexes with this new bond offering, expats won’t have to pay capital gains taxes or dividend with-holding taxes. I explain how this works in my upcoming book, due this fall. 

I didn’t think the tax benefits of being an expatriate Canadian could get any better.  But they just did.

Incidentally, I already own Horizon’s two equity indexes in my personal portfolio.

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Apr 30 2014


Mutual Fund Company Claims to Beat The Market


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Perhaps in desperation, this Canadian mutual fund company advertised that its funds can beat the market. 

When such claims are proven false, however, it can be rather embarrassing.

Read the truth in my latest Globe and Mail column

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Apr 26 2014


Melissa Pritchard – Riding Her Bike The Long Way Home


This is the first of two guest posts by Melissa Pritchard. Many bloggers ask to write (as guest contributors) on more established blog sites.

I receive regular requests. And I always say no. Always. The few guest writers I do post are those I seek. They’re fascinating people that I think my readers would enjoy meeting.

My wife and I met Melissa Pritchard a couple of months ago in Singapore. We had cycled 200 meters from home to the grocery store when we bumped into Melissa. She was also on her bike, having cycled thousands of kilometers from Barcelona. Here’s the first part of her story:

Read the rest of this entry »

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Apr 15 2014


High School Personal Finance Classes: Are They Really Useless?

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Studies show that high school personal finance classes have no effect on adult spending and investing patterns.  

I published my thoughts on the topic with Assetbuilder: 

Read the Full Article

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Apr 07 2014


Does International Financial Services (Singapore) Flog Friends Provident Products?

It’s getting tougher for expatriates to trust financial advisors—and that’s a shame. 

zurich warningSome good ones exist, including Noto Financial Services and Thailand-based Creveling & Creveling

But they’re not as common as they should be.  Reports from investors in South East Asia are implying that International Financial Services (Singapore) is selling Friends Provident Offshore Pensions. 

While the reports are unconfirmed, it would be a shame if true. 

Read the rest of this entry »

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Apr 06 2014


Manulife’s Funds Versus Index Funds

I’m continuing my Globe and Mail series, comparing Canada’s actively managed fund companies’ products versus inexpensive index funds.  

Based on personal emails, I’m popular among regular people.  

But Canada’s mutual fund companies see me as a mirage wrecker.  

I’m happy to be making friends where I should …

Read More


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Mar 13 2014


Offshore Pension Investor Does The Impossible


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We know that advisors love selling offshore pensions to expatriates. 

And why wouldn’t they?  Commissions pay a killing. 

Purchasing such leaky buckets is much like a sentence term.  There’s no bailing out—unless you’re willing to drown in penalties.

One water-swallowing investor, however, has made his way to the shore. He accomplished the impossible.  Will others swim in his wake?  Let’s hope.

Read about the story at the UK’s financial website of the year:

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Mar 12 2014


The Surprising Truth About CIBC’s Best Mutual Funds

It’s easy to imagine CIBC’s financial advisors recommending their firm’s actively managed funds. 

They charge higher fees than their indexed, passively managed products.  Higher fund costs are better for banks, but not for investors. 

That said, CIBC’s standard indexes are expensive, carrying costs exceeding 1% each year.

Does this mean they underperform CIBC’s actively managed products?  Embarrassingly for CIBC, they don’t – because their active funds cost even more. 

You can read about it in my article for the Globe and Mail.

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