Linda, a University student, is on the financial ball and considering starting her RRSP contributions but is wondering if it’s the best choice.  Here is the question: I am going into my 3rd year of university and just started a well paying summer job. I have been hearing about RRSPs since high school and the…

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This is a column by regular contributor Clark If you had read Part 1 of the primer, you would have learned about the basics of bonds and their different types. Bonds offer a reasonable rate of return, though lesser than stocks, and provide protection against volatility. So, is an investor, willing to settle for lesser…

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This is a column by regular contributor Clark. Stocks and bonds (individual or ETF) are two asset classes that form part of many portfolios. The split depends on a person’s risk tolerance but one cannot deny that both are essential components for decent long-term returns with bonds providing some hedge during market downturns through capital…

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In the last article, I briefly went over CMHC, mortgage life and term life insurance, lets continue with other insurance options that are out there. Universal/Whole Life Insurance This insurance option, I’ll admit, I’m not a fan of.  Although I don’t have direct experience with Universal or Whole Life insurance, I know that they are…

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Back in March 2009, I posted about what happens to the Smith Manoeuvre strategy once the mortgage is paid off.  From that post, I listed 3 solutions: Keep the investment loan forever Pay off the investment loan over time Pay off a portion of the investment loan For us, it will probably be a combination…

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This is a column by regular contributor Clark. I’ve read that unless a person is ready to learn something, any advice offered is virtually useless. I say virtually because the advice makes the receiver aware that there is a different way to their present path (for better or worse – not all advice is good!).…

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