TriDelta Q3 2014 Investment Report – Keeping the faith when the news is bad
Executive Summary Last quarter, our message was that Q3 is historically a positive quarter, but not as strong as Q1 and Q4. The message was also that we should expect to see our recent string of 1%+ monthly returns come to an end. Well it took until September, but it did indeed come to an…
Why giving your grown children an allowance may make financial sense
There is a saying “once your child, always your child.” For many seniors, the new saying is “once a dependent, always a dependent”. So does it ever end? With reports suggesting that today’s seniors are the richest in history, maybe it shouldn’t end. As the pile of cash for some wealthy seniors keeps growing, the…
Four things you might not know about investment fees
Many mutual fund investors simply don’t know what they are paying or even that they are paying anything at all. A research study was done in 2013 by Environics of 1,004 Canadians over 25 years old and with more than $25,000 in investable assets. Of them, 25% said that they did not pay their advisor…
Here’s why you should show your group pension plan some love
If your boss offered you a $5,000 raise for the same amount of work, would you say no? That fact is that many Canadians are turning this down by not taking advantage of their companies matching of RRSP contributions. The obvious reason is that money is tight for many people and the idea of having…
Three Ways High Earners Can Earn Higher After-Tax Returns and Help their Kids
For those of us born before the 1980s, we enjoyed the benefits of affordable higher education and a fairly low entry point to the real estate market. For kids about to enter University, the tuition cost of a three year law program could easily run over $100,000, a two year MBA between $60,000 -100,000 and…
1% in your pocket is better than 1% in the taxman’s pocket
We often tell clients that while you can’t always control investment returns, you can be tax smart in terms of how you invest. If you can add 1% after tax a year to whatever your investments happen to return, you will be much better off over time. Very roughly, if you are in Ontario and…
RRSP – When an RRSP is not enough
RRSPs are simply one big tax game. The aim is to get at least the same (if not better) tax refund when you put money in, than you will be forced to pay when you ultimately withdraw from your RRSP or RRIF. For those who make a high income – let’s say $300,000 in taxable…
In retirement, the rich get richer
If you were born in the United States in 1930, your life expectancy was 59.7 years. If you were born in the United States in 2010, your life expectancy was 78.7 years. In 80 years, average life expectancy grew by 19 years. Society is still trying to sort out this massive shift when it comes…