Canadians - Do RSPs always make sense?
#Financial Literacy #InvestingHere’s a scenario when RSPs might not make sense: You and your partner are both government employees, expecting to make at least $30,000 a…
Can Anyone Find Index-Beating Mutual Funds? Maybe!
#Financial Literacy #AdvisorsRoughly 95% of investors are either financially uneducated, or they believe they can find needles in haystacks. The financially uneducated ones give their money to financial…
Falling Markets and Unmasking Jim Cramer
#Financial LiteracyThe U.S. and International markets have dropped, on average, roughly 5.5% over the past 5 days. The five day chart shows the emerging markets…
Attention Berkshire Hathaway Shareholders!
#Financial Literacy #InvestingThe U.S. stock market has just had its biggest two day drop since June, falling more than 3% in three days. Berkshire Hathaway shares, on…
Can Scrounging For Soda Pop Cans Make You A Millionaire?
#Financial Literacy #ChildrenA five year old girl named Star is brought up on a Bohemian island where the locals make their own clothes, where neither men nor women…
Can A Jaguar-Driving, High Salaried, Mansion-Dwelling Family Really Be Broke?
#Financial Literacy #MindsetI’m going to share a crazy, personal story with you. Before I read about Thomas Stanley’s studies of the wealthy, I always assumed that…
Is An Entire Generation Getting Ripped Off?
#Financial Literacy #AdvisorsMy mother-in-law bought a couple of variable annuities two years ago. They “guaranteed” her money, she was told. She could get stock market-like returns over time,…
The Joneses Just Pretend To Be Rich!
#Financial Literacy #MindsetRelax! Most of your rich-looking neighbors or the people who we think are wealthy are just pretending to be rich, according to Thomas Stanley. They drive…
Am I Smart Enough To Beat The Market Indexes?
#Financial Literacy #Andrew's MoneyI’ve devoted all sorts of time on this site to explaining why buying actively managed mutual funds is a fool’s errand. After all expenses…
Why We Won't Always Believe The Truth
#Financial LiteracyAre you among those kind-hearted people sponsoring a kid in Africa, India or Cambodia? Perhaps you’re donating small, regular sums to send somebody to school?…