February has passed, offering a bonus day thanks to the leap year. It’s been a profitable month for stock investors, with most major indices adding to January’s gains. It’s also been a busy month for us as we’ve been doing a lot of organization for the business in preparation for the spring, summer and fall, which are… Continue Reading
Tag Archives: RRSPs
RRSP vs. TFSA: One Last Dip into the Debate
The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. ~F. Scott Fitzgerald Update: Thanks to Arjun at Investing Thesis for including this article in the Canadian Personal Finance and Investing Carnival #16. Very few topics elicit… Continue Reading
5 Reasons to Skip the RRSP Contribution this Year
The conventional view serves to protect us from the painful job of thinking. ~J.K. Galbraith Update: This article was included in the Canadian Personal Finance and Investing Carnival #14. Thanks! January is already coming to a close and February will soon be upon us. In the Canadian financial realm, that usually means a mad dash… Continue Reading
GIC Strategy: Two Important Questions
To decide is to walk facing forward with nary a crick in your neck from looking back at the crossroads. ~ Betsy Cañas Garmon Update: This article was included in the 279th Carnival of Personal Finance – 80s Music Edition posted at Dough Roller. Thanks! I’ve received a couple of questions from readers on how… Continue Reading
Questrade Offering Bonds and GICs with No Commission
This is just a short post to let you know that discount brokerage Questrade is now offering commission-free GIC and bond trades. This issue came up during a discussion in the comments section of my 2010 Financial Plan Update for the third quarter. I’ve updated the comments with some of this information, but I just… Continue Reading
2010 Financial Plan: Q3 Update
Success is getting what you want; happiness is wanting what you get. ~Author Unknown If you’re new to Balance Junkie, I outlined our annual financial plan for 2010 back in January. I update the plan each quarter so that readers can have an idea of how one family handles their finances. I don’t claim that… Continue Reading
Financial Priorities: Focus vs. Diffusion
I try to take one day at a time, but sometimes several days attack me at once. ~ Jennifer Yane Update: This article is featured in the Money Hackers Blog Carnival #109 posted at Maximizing Money. Thank you! I’ve written a lot of “vs.” posts comparing various financial priorities like RRSPs vs. TFSAs and RRSPs… Continue Reading
What Is the Safest Investment?
Know safety, no injury. No safety, know injury. ~ Author Unknown This is another question that’s come up quite a bit lately and it’s pretty easy to answer. The safest place for your money is in a government guaranteed account. If you are Canadian, this means an insured account at a CDIC member institution. OK,… Continue Reading