New graduate, Mike, emailed me with some investing questions.  He’s new to the work force, and is diligently looking to find ways to invest and save money. I am a new grad, just started working permanently last year. I have contributed every year to my TFSA (right now, it’s parked with Canadian Western Bank, which…

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A reader emailed me with a question about comparing ETFs, more specifically their MERS, yields, and if there is a correlating return. Here is the question in detail: I have a question regarding ETFs that follow indexes, like the XCV and XIC in Canada that follow the TSX in one way or another. There seems…

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All about self directed RRSP’s A reader, who is just starting out in the finance world, wrote me an email asking me to explain self directed RRSP’s.  More specifically, here is the email: I was wondering if you could write something about self-directed RRSPs – what exactly they are and how to open and manage…

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This scenario came from regular reader Sam.  He is a new graduate making a decent living, but has questions about his RRSPs.  What makes his scenario unique is that he plans on using his RRSP to fund his MBA ambitions in a few years time. I graduated a year ago and got a job.   I’m…

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Sean, from Alberta, emailed me to ask if I could analyze his financial situation. Judging from his financial stats below, he is in great financial shape as he has relatively high income and no consumer debt. Now the fun begins. Here is the lowdown: Married w/ baby on the way. Gross $135k last year, on…

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Miya wrote me an email about her financial situation and was looking for an opinion. I am a big fan of Million Dollar Journey and I learned a lot from here. I realized that if you don’t manage money, the money will manage you.  Although I understand the fundamentals about finance management (I think I…

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Kevin, from Canadian Money Forum, started a forum topic asking for advice on his financial situation.  Check it out: I’ve chosen to write this topic in order to have an idea about what you would do in my situation. I’ve read most of the MDJ blog, as well as several other websites, but the more…

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