Should I contribute to my TFSA or RRSP?

With the end of January nearing, Canadians are focused on contributing to their RRSPs and getting their tax refunds. In an ideal world we would make maximum contributions to both our TFSA and our RRSP accounts. However, most Canadians simply don’t have enough income to be able to contribute significantly to either plan – yet max out their annual TFSA contribution. Here at home many Canadians still prefer to contribute to their RRSPs instead of their TFSAs. Yet for many Canadians the TFSA ...

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Why Should I Invest in Bonds? Part-1

These days, bonds are getting a bad name. Stock markets are off to a tremendous start in 2012, dividend stocks are outperforming, and not surprisingly investors are losing their confidence in government issued bonds. There are three main reasons why investors are spooked with bonds. First and foremost, are the sovereign debt woes in Europe and the antics of the U.S. government to raise the debt ceiling, which sent ripples around world markets last August. Second is the global and record low interest ...

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Predicting the markets

What Should I Invest In for 2012? Part-2

As mentioned in Part-1 of this series, I set out to write a wrap-up of investing strategies for 2012. While I was writing the post, the thought occurred to me why not ask the other well known bloggers and financial writers what they think? I was delighted with the response I received, and it’s now turned into this much larger two-part post. Here is a recap what I sent them, hoping for a small paragraph: “Short of hauling out the crystal ball, because your guess is as good as mine, I also wanted ...

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Financial Forecaster

What Should I Invest In for 2012? Part-1

I originally set out to write a wrap-up of investing strategies for 2012. The focus of the article was going to be much the same propaganda I usually spout, such as keeping a balanced portfolio of stocks and bonds, sticking with a plan through thick and thin, investing in solid dividend paying stocks, and not getting lured into the high yield trap etc. But I’ve said that so many times before… While I was writing this post, the thought occurred to me why not ask the other well known bloggers ...

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