About the Book
The Beginner’s Guide to Saving and Investing for Canadians, is literally hot off the press! This is a great beginner’s guide to investing, written by five of Canada’s leading financial writers and established bloggers. Edited by Dan Bortolotti of MoneySense Magazine, and the spud behind the Canadian Couch Potato, this 100 page financial guide is packed solid with useful and detailed information for any investor. Here is a brief summary to peak your interest.
Chapter 1: Making a Budget
Krystal Yee is well known in Canada as the blogger behind Give me Back My Five Bucks. In the first chapter she outlines the importance of the steps needed to begin budgeting, paying down debt, and freeing up income for savings. As Krystal points out, budgeting doesn’t mean giving up things, it simply means monitoring and knowing where you’re spending your money.
Chapter 2: Where to Save Your Money
Canadian finance guru Jim Yih, walks you through the various accounts you can use to save for your retirement and other financial goals. He covers the various pension plans available to Canadians. He also discusses TFSAs, RRSPs, and RESPs, and which plan makes the most sense for your financial future.
Chapter 3: Investing Wisely
The Canadian Capitalist, provides a very detailed review of passive index investing strategies and solid investing advice. He outlines the importance of asset allocation, a passive investment strategy, risk versus return, and other important investing considerations. Ram also provides some specific example portfolios to get you started.
Chapter 4: Dividend Investing
Frugal Trader is the blogger behind the renowned Canadian blog Million Dollar Journey. FT explains basic dividend concepts, dividend ETFs, dividend growth stocks, and goes briefly into some of the important metrics and ratios. Throughout the chapter he also provides the tax advantages of dividends for Canadians, which is an important consideration that is often overlooked by many novice investors.
Chapter 5: Buying the Right Insurance
One of the most difficult financial concepts to understand is insurance, yet it is as important to your financial well being as learning how to invest properly. Glenn Cooke at lifeinsurancecanda.com is an insurance expert! He unlocks the illusive and enigmatic world of insurance, explains the types of insurance Canadians need, how much they need, and even what they don’t need. Glenn discusses various insurance topics such as: the importance of life insurance, term vs. Permanent insurance, whole life insurance, disability insurance, among others.
The Book Giveaway
If these topics and authors don’t interest you, then no need to read further. However if you think this is a great book that will give you a great foundation for investing, which it will, then read on…
I’m giving away two free copies of The Beginner’s Guide to Saving and Investing for Canadians, for two lucky readers! I’m making it real easy to win – just leave a comment below and you are in for the draw. No need for 20 facebook likes, 20 tweets, or having to subscribe to anything. The draw ends on the holiday Monday, August 6th 2012, so be sure to leave a comment to win!
The book giveaway is now closed… Congratulations to Shirley and Graham, the two lucky winners!