I think there should be mutual fund police … We received a “book” in our office yesterday called Investment Review – What’s Around the Corner? Top Investment Themes of 2013 put out by BMO. I picked it up, flipped it open and landed on page 63. OMG! Let’s take a quick look at what I…
In my book The Financial Navigator: Managing Your Success I made the following statement – “It’s going to be interesting to see to what degree the American public will be willing to tolerate higher and higher tax rates. If wealthy Americans don’t feel there is a cost benefit to staying in the United States, they…
If you’ve been reading my blogs you know I have little patience for companies in the financial services industry that do things to con people out of their money. There never seems to be an end to how many ideas the banks come up with. If it’s not one con, it’s another. Here’s a little known scam…
Here’s another useless exercise the investment industry goes through each year – annual client statement audits. Each year you probably get a statement from your investment provider that comes with a letter or statement on it that says something like this … “The annual audit of our accounts is being conducted as of December 31st,…
If you have a question, why not send it our way? We can provide you with an answer or we can provide you with the tools for making your own decisions. Email your questions to info@tpcfinancial.com. We’ll either respond to you directly or feature your question (anonymously) in one of our newsletters or blogs. Need inspiration?…
Readers Digest just released a list of 13 Scary Things You Didn’t Know About Canada. The list included everything from Lake Monsters to Phantoms in Old Montreal. It’s interesting but everything on the lists is arguably “unreal”. What isn’t “unreal” is the 14th. So what is the 14th Scariest thing in Canada that most people don’t know about (or…
I came upon something yesterday that made my blood boil. A new client dropped off his data so we could help him get his financial life in order. Like many, he had lost track of where he was going and found himself in debt and frustrated that he couldn’t get ahead. As I was reviewing his information…
In December there was an article in the Financial Post which described the bonuses being paid to bankers in 2012. To quote the article, “Royal Bank of Canada and National Bank of Canada led the 7.5% surge in bonus awards among the country’s lenders this year, bucking a global trend of pay cuts on Wall…
Let’s have a little discussion about annuities. I think it’s appropriate because I’ve seen a lot of articles about these things over the last few years. The reason for the renewed interest is because people are scared. When people are scared they’re vulnerable and when they’re vulnerable they make mistakes. I think annuities right now are a…
I don’t think we need more mutual funds. What I’m referring to is CI Mutual Funds announcing they’ve launched two new mutual funds. Isn’t there enough choices with the already thousands of funds available to Canadians? I had to look to see what was so special about these new funds so I looked them up on-line. I must admit I never…